Morning Notes
17th Jul, 2019
 

Trading Range:

Nifty opened gap up at 11597 on Tuesday and made a high and low of 11670 and 11574 respectively before closing positive at 11663.

Review/Outlook:

For the day, support for Nifty exists at 11510 and 11440 levels whereas resistance for Nifty stands at 11720 and 11790 levels.

Review/Outlook:

Bank Nifty opened gap up at 30533, made a high of 30635, low of 30430, and closed positive at 30571. For the day, support for Bank Nifty exists at 30400 and 30200 levels whereas resistance for Bank Nifty stands at 30800 and 31000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,131 +0.60
Nifty 11,663 +0.64
BSE 200 4,872 +0.71
BSE Midcap 14,565 +0.69
BSE Smallcap 13,727 +0.27
Dow Jones 27,336 -0.09
NASDAQ 8,223 -0.43
 

DERIVATIVES INDICATORS FOR JUL 17, 2019:

NIFTY 11662.60 (+74.25) (+0.64%)
NIFTY JUL FUTURE 11662.90 (4.75 Points Discount)
NIFTY PCR - OI 1.34(+0.14)
NIFTY OPEN INTEREST 2.06Cr. (+3.63%)
INDIA VIX 11.56 (-3.83%)
NIFTY ROLLOVER 21%

NIFTY OPTIONS ACTIVITY (25-JUL SERIES)

CALL 11600 CE -1.49 lac Shares
CALL 11700 CE +0.75 lac Shares
PUT 11500 PE +1.84 lac Shares
PUT 11600 PE +6.10 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,440 +0.68
Bankex 34,426 +0.50
PSU 7,543 +1.36
Healthcare 13,174 +1.24
IT 15,576 -0.38
 
Market Turn Over (`cr)
Index 16/07 15/07
BSE Cash 1,958 1,670
NSE Cash 32,011 29,544
NSE F&O 874,279 772,268
BSE Delivery % 38.50 45.78
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 78.22 21.78
BSE 200 73.63 26.37
BSE 500 56.00 43.00
Total BSE 43.33 50.44
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.72 +0.17
Gold Rs./ 10 Gms 34812.00 -0.20
Silver Rs./ Kg 39326.00 +0.81
Rs.- US $ 68.81 +0.39
Rs.- Euro 77.15 -0.05
FII (Rs cr )
16/07* 15/07*
FIIs -189.95 -722.52
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       41,430.00       3,285.26       42,260.00       3,338.54    2,57,923.00     21,282.27      (53.29)
Index Options  23,98,244.00  1,65,602.53  23,92,742.00  1,65,079.27    5,67,439.00     46,015.97     523.26
Stock Futures    1,77,529.00     10,586.13    1,65,603.00     10,147.05  13,81,535.00     88,052.94     439.08
Stock Options       96,065.00       5,699.49       94,399.00       5,604.26       74,090.00       4,556.01       95.23
Total  27,13,268.00  1,85,173.40  26,95,004.00  1,84,169.12  22,80,987.00  1,59,907.19  1,004.28
Corporate News
Nestle SA has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. (BL).
Power sector giant NTPC’s plans to install emission-control equipment at its 38 power plants (with combined capacity of 65,350 MW) could take up to four years to materialise, with an average expenditure of ₹50-70 lakh per MW, senior company officials said. (ET).
Wind turbine maker Suzlon has defaulted on the payment of the principal amount of Rs.1,169 crore ($172 million) due to its Foreign Currency Convertible Bondholders (FCCBs). (BL).
Cummins India Ltd announced on Tuesday that Sandeep Sinha, MD, Cummins India and Vice-President, Cummins India ABO, has resigned to pursue business interests outside of the company. (ET).
Moody’s Investors Service has affirmed Oil and Natural Gas Corporation (ONGC)’s Baa1 rating. A Moody’s statement said that it has affirmed ONGC’s local and foreign currency issuer ratings, and the Baa1 ratings on the senior unsecured bonds guaranteed by ONGC and issued by ONGC Videsh Limited and ONGC Videsh Vankorneft Pte. Ltd. (ET).
Crisis-hit realty firm Unitech Ltd said on Tuesday that its internal auditors S K P & Co. Chartered Accountants has resigned citing time constraints. (BS).
Jet Airways’ Committee of Creditors (CoC) will soon vote to select a resolution professional (RP), start the process of verifying claims, and decide on the appointment of SBI Caps as the advisor for sale of assets. The CoC, which met here on Tuesday to discuss these issues, has set the process in motion. (BL).
Indian Institute of Technology Roorkee (IITR) has signed an MoU with Power Grid Corporation (POWERGRID) with the aim of achieving energy efficiency and sustainable energy goals within its campus. (ET).
State-owned ONGC and Oil India Ltd alongside private sector Vedanta Ltd Tuesday walked away with almost all of the oil blocks auctioned in the latest licensing round as part of the government's effort to raise domestic production. (BL).
Corporate Quarterly Earnings
The total income of Multi Commodity Exchange (MCX) has increased by 30% to Rs 110.84 crore ending June 30, 2019 from Rs. 85.43 crore for the corresponding quarter ended June 30, 2018. The net profit of the exchange surged to Rs 43.70 crore from Rs 7.33 crore in the corresponding period of FY19. (BL).
Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from lower costs. Revenue declined at Wells' community bank and wholesale bank as net interest income was squeezed by lower interest rates and higher deposit costs. But profit in those segments jumped 26% and 6%, respectively, due to lower overall costs. Total expenses dropped 4% to $13.4 billion and total net interest income fell 3% to $12.1 billion. (ET).
Network18 Media and Investments Tuesday reported widening of its consolidated net loss to Rs 127.66 crore in the first quarter ended June 30. The company had reported a net loss of Rs 112.29 crore in the April-June 2018 quarter. However, revenue from operations rose 10.75 per cent to Rs 1,245.12 crore as against Rs 1,124.24 crore in the corresponding period of the previous financial year. (ET).
HDFC Asset Management Company on Tuesday reported 42.15 per cent year-on-year rise in profit at Rs 291.79 crore for the quarter ended June 30. The company had posted a profit of Rs 205.26 crore in the corresponding quarter last year. Revenue from operation increased 7.03 per cent YoY to Rs 504.39 crore in Q1FY19 over Rs 471.23 crore in Q1FY18. (ET).
Private lender Federal Bank on Tuesday reported a 46.25 per cent year-on-year (YoY) rise in standalone profit at Rs 384.21 crore compared with Rs 262.71 crore in the same quarter last year. Net interest income (NII) for the quarter rose 17.8 per cent to Rs 1,154 crore compared with Rs 980 crore in the year-ago quarter. The bank made provisions worth Rs 192 crore in the June quarter compared with Rs 177 crore in March quarter. (ET).
Economy and Sector News
Budget hotel chain OYO on Tuesday announced its entry into the co-working space segment with the acquisition of Innov8, an existing player in that market. The deal size is Rs.180 crore, according to sources. (BL).
Suzuki Motorcycle India Pvt Ltd (SMIPL) on Tuesday said it has launched a refreshed version of its scooter model, Access 125 priced at Rs 61,788 (ex-showroom, Delhi). The new version comes with all black alloy wheels, beige coloured leatherette seat and round shaped chrome mirrors to make the rider stand apart in the crowd, the company said in a statement. (ET).
The interest rate on the general provident fund (GPF) has been cut by 10 basis points (bps) to 7.9 per cent from 8 per cent with effect from July 1, the Finance Ministry said on Tuesday. (BL).
To curb production and sale of spurious chemicals, the government on Tuesday said it will make compliance of quality standards compulsory for 40 more chemicals that are locally-manufactured as well as imported. Chemicals and Petrochemicals Secretary P Raghavendra Rao said government is also expected to soon introduce Harmonised System (HS) of coding for chemicals and petrochemicals imported in large volumes. (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 closed higher on Tuesday following some key second-quarter bank earnings. The dollar retreated for a third day. The Dow Jones Index closed at 27,336, down 23.53 points by 0.09%. The Standard & Poors 500 index closed at 3,004, down 10.26 points by 0.34%. The Nasdaq Composite Index closed at 8,223, down 35.39 points by 0.43%.

FTSE 100

UK markets had pushed into the green by the end of trading on Tuesday, as sterling slumped on Brexit woes, despite the release of solid UK jobs data. The FTSE 100 index closed at 7,577, up 45.48 points by 0.60%.

 
 
Global Indices
16/07/2019 Clsg Chg%
Dow Jones 27,336 -0.09
NASDAQ 8,223 -0.43
FTSE 100 7,577 +0.60
Bovespa 103,775 -0.03
17/07/2019 Latest
(7:35AM IST)
Chg%
Nikkei 21,424 -0.52
Hang Seng 28,499 -0.42

Nikkei

Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust U.S. retail data and a Brexit-driven dive in the pound. Nikkei is currently trading at 21,424, down 111.32 points by 0.52%.

Precious Metals

The dollar’s gains tarnished gold a little on Wednesday, with the precious metal easing to $1,403.57 per ounce from a high above $1,418 on Tuesday.

Base Metals

The London Metal Exchange three-month nickel price rose 2.9% on Tuesday July 16 to close above the $14,000-per-tonne resistance level.

Crude Oil

Oil prices tried to steady in early trade on Wednesday after falling more than 3% overnight. Brent crude futures edged up 17 cents to $64.52, while U.S. crude was flat at $57.62 a barrel.

 
 
 

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