Morning Notes
16th Sep, 2019
 

Trading Range:

Nifty opened gap up at 10987 on Friday and made a high and low of 11084 and 10946 respectively before closing positive at 11076.

Review/Outlook:

For the day, support for Nifty exists at 10990 and 10930 levels whereas resistance for Nifty stands at 11120 and 11160 levels.

Review/Outlook:

Bank Nifty opened gap down at 27772, made a high of 28127, low of 27573, and closed positive at 28099. For the day, support for Bank Nifty exists at 27800 and 27500 levels whereas resistance for Bank Nifty stands at 28300 and 28500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 37,385 +0.76
Nifty 11,076 +0.85
BSE 200 4,637 +0.80
BSE Midcap 13,666 +0.41
BSE Smallcap 13,013 +0.82
Dow Jones 27,220 +0.14
NASDAQ 8,177 -0.22
 

DERIVATIVES INDICATORS FOR SEP 16, 2019:

NIFTY 11075.90 (+93.10) (+0.85%)
NIFTY SEP FUTURE 11105.55 (29.65 Points Premium)
NIFTY PCR - OI 1.34(+0.07)
NIFTY OPEN INTEREST 1.89Cr. (+0.80%)
INDIA VIX 14.12 (-5.23%)
NIFTY ROLLOVER 11%

NIFTY OPTIONS ACTIVITY (26-SEP SERIES)

CALL 11200 CE +6.69 lac Shares
CALL 11300 CE +2.14 lac Shares
PUT 11000 PE +2.22 lac Shares
PUT 10900 PE +3.34 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,542 +1.20
Bankex 31,681 +1.30
PSU 6,658 +1.95
Healthcare 13,022 -0.38
IT 15,968 +0.98
 
Market Turn Over (`cr)
Index 13/09 12/09
BSE Cash 2,381 2,523
NSE Cash 30,666 32,541
NSE F&O 921,269 2,481,445
BSE Delivery % 39.19 42.33
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 80.20 19.80
BSE 200 74.63 25.37
BSE 500 67.60 31.40
Total BSE 57.20 37.04
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 54.85 -0.44
Gold Rs./ 10 Gms 37524.00 -0.60
Silver Rs./ Kg 45761.00 -2.90
Rs.- US $ 71.02 +0.06
Rs.- Euro 78.64 +0.17
FII (Rs cr )
13/09* 12/09*
FIIs +2609.40 +577.59
MFs - -

*Date refers to the day of activity and not the day on which it is reported.

 
Details Buy Sell Open interest at the
end of the day
Net Position
No. of
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
Value
(Rs. Cr)
Index Futures       50,865.00       3,697.90       47,898.00       3,397.41    2,15,263.00     16,720.34     300.49
Index Options  27,40,929.00  1,76,608.20  27,24,882.00  1,75,428.17    7,60,161.00     59,336.66  1,180.03
Stock Futures    2,27,448.00     12,170.65    2,30,333.00     12,043.68  15,05,514.00     90,223.34     126.97
Stock Options    1,09,029.00       5,900.69    1,09,142.00       5,896.21       74,252.00       4,067.81        4.48
Total  31,28,271.00  1,98,377.44  31,12,255.00  1,96,765.47  25,55,190.00  1,70,348.15  1,611.97
Corporate News
Reliance Industries and UK’s BP Plc have taken over the 10 per cent shareholding of their partner Niko Resources in the eastern offshore KG-D6 block after the Canadian firm defaulted on paying for its share of gas field development cost. (BL).
CK Birla Group firm Orient Electric plans to introduce internet of things (IoT) enabled products in segments like consumer and commercial lighting, a top company official said. (ET).
Toronto-based Canada Pension Plan Investment Board (CPPIB) is set to become the controlling shareholder in L&T Infrastructure Development Projects Ltd (L&T IDPL) when India’s biggest engineering and construction firm converts the Compulsorily Convertible Preference Shares (CCPS) allotted to the pension fund giant in 2014 and 2015 by the end of the month, at least two persons said. (BL).
Ahmedabad-based packaged tea maker Wagh Bakri Tea Group expects a 10 per cent growth in volume sales backed by product expansion and geographical diversification. The company registered volume sales of around 40 million kg last year. (ET).
The Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Limited) has earned a net profit of Rs 96.71 crore on a sales turnover of Rs 20,844 crore, according to a press release issued here. Rath, addressing the shareholders of RINL/VSP, explained the position of the company and said it could improve its market share from 8.60 per cent to 8.80 per cent during the year. The turnover of Rs 20,844 crore including sale of trial run production of Rs. 506.32 crore with a growth of 25 per cent over the previous year. The company earned a net profit of Rs. 96.71 crore compared to a net loss of Rs 1369.01crore in the previous year. (ET).
Natco Pharma has in the pipeline a 20 key `Para IV' products of which some are expected to be launched in due course. According to the US Food and Drug Administration (USFDA) norms, a company can seek approval from FDA to market a generic drug before the expiration of a patent relating to the brand name upon which the generic is based. (BL).
State-owned Power Finance Corporation Ltd (PFC) has updated its existing global Medium Term Note (MTN) Programme from $3 billion to $5 billion. The company said it has launched issuances of $300 million 3.25 per cent Notes due 2024 and $450 million 3.90 per cent Notes due 2029 under $5-billion global MTN Programme. The Notes have been priced on September 5, 2019 and carry a coupon of 3.25 per cent and 3.90 per cent per annum, respectively, for five years and 10 years Notes, payable semi-annually, in arrears. (ET).
DLF Ltd has sold a little over nine acres of land in Sector 74A, Gurugram to American Express for Rs 300 crore. The deal, at a little over Rs 32 crore an acre, is the costliest transaction in the neighbourhood that is about 16 km away from DLF Cyber City. (ET).
Bharat Electronics Limited (BEL) has signed the contract with Ministry of Defence, Govt, of India for procurement of Seven Squadrons of Akash Missile System for Indian Air Force. (BL).
Economy and Sector News
Notwithstanding recessionary trends, pharmaceutical exports surged 21.7 per cent in July while in the first quarter ended June the growth was 11 per cent. (BL).
The outstanding dues of distribution utilities twoards power producers have risen by over 57 per cent to ₹73,748 crore in July this year, as compared to the same month last year, showing stress in the sector. According to the PRAAPTI portal, distribution companies (Discoms) owed a total of ₹46,779 crore to power generation companies in July 2018. The portal was launched in May 2018 to bring transparency in power purchase transactions between generators and discoms. The total overdue amount this July, which was not cleared even after 60 days of grace period offered by generators, stood at Rs.54,342 crore as against Rs.30,331 crore in the same month in 2018. (ET).
India’s goods exports contracted 6.05 per cent to $26.13 billion in August (year-on-year) with most major sectors such as petroleum products, engineering goods, leather and leather products, readymade garments, and gems and jewellery posting a fall. However, the trade deficit in August narrowed to $13.45 billion from $17.92 billion in August 2018 as the fall in imports during the month was much steeper at 13.45 per cent to $39.58 billion compared to the same month last year. (BL).
The government has fixed a minimum export price of $850 per tonne on onions in order to check exports and bring down spiralling prices in the local market. The average wholesale onion price at the Lasalgaon Agriculture Produce Market Committee (APMC) in Maharashtra, which is the country’s largest wholesale market for the bulb, touched a high of Rs.2,500 per quintal this week. In Delhi, retail prices of onions have touched Rs.50 per kg prompting the Centre to write to the Delhi government asking it to sell the kitchen staple from its buffer stock at lower prices through its civil supplies department and ration shops. In more news, seeking to make gains of the US-China trade war, India has set a target to increase its gem and jewellery exports to the former by $1 billion to $11 billion. The US sources about $2 billion worth of diamond jewellery from China annually. (ET).
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express
Global Markets
 

DJIA and NASDAQ Composite

US markets turned in a mixed performance on Friday, with the Dow Jones seeing out the session near all-time highs while the S&P 500 and Nasdaq lagged behind. The Dow Jones Index closed at 27,219, up 37.07 points by 0.14%. The Standard & Poors 500 index closed at 3,007, down 2.18 points by 0.07%. The Nasdaq Composite Index closed at 8,177, down 17.75 points by 0.22%.

FTSE 100

UK markets continued to push higher on Friday, even as investors pushed sterling to its best level since late July amid speculation that a deal between Westminster and Brussels could be in the works, with lenders' shares pacing gains as the UK government bond yield curve disinverted. The FTSE 100 index closed at 7,367, up 22.79 points by 0.31%.

 
 
Global Indices
13/09/2019 Clsg Chg%
Dow Jones 27,219 +0.14
NASDAQ 8,177 -0.22
FTSE 100 7,367 +0.31
Bovespa 103,501 -0.83
16/09/2019 Latest
(4:13AM IST)
Chg%
Nikkei 21,988 +1.05
Hang Seng 27,353 +0.98

Nikkei

Asia stocks started trading early on Monday morning on a positive note as investors will be closely watching the US and other global markets. Nikkei is currently trading at 21,988, up 228.68 points by 1.05%.

Precious Metals

Gold futures ended lower on Friday, giving up earlier gains to feed a loss for the week as appetite returned for assets perceived as risky and bond yields climb.

Base Metals

The three-month copper price on the London Metal Exchange was higher at the close of trading on Friday September 13, with the price near the $6,000 per tonne resistance level and closing at its highest level since July 29, while tin’s outright price fell over the afternoon.

Crude Oil

Oil prices surged more than 15% at the open on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply.

 
 
 

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