Morning Notes
18th Nov, 2019
 

Trading Range:

Nifty opened gap up at 11904 on Friday and made a high and low of 11974 and 11879 respectively before closing positive at 11895.

Review/Outlook:

For the day, support for Nifty exists at 11840 and 11790 levels whereas resistance for Nifty stands at 11970 and 12020 levels.

Review/Outlook:

Bank Nifty opened gap up at 30912, made a high of 31165, low of 30861, and closed positive at 31108. For the day, support for Bank Nifty exists at 30800 and 30500 levels whereas resistance for Bank Nifty stands at 31300 and 31500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,356 +0.17
Nifty 11,895 +0.20
BSE 200 4,974 +0.18
BSE Midcap 14,773 +0.63
BSE Smallcap 13,326 -0.13
Dow Jones 28,004 +0.80
NASDAQ 8,541 +0.73
 

DERIVATIVES INDICATORS FOR NOV 18, 2019:

NIFTY 11895.45 (+23.35) (+0.20%)
NIFTY NOV FUTURE 11942.60 (47.15 Points Premium)
NIFTY PCR - OI 1.39(-0.02)
NIFTY OPEN INTEREST 1.64Cr. (+1.75%)
INDIA VIX 15.03 (-3.96%)
NIFTY ROLLOVER 6%

NIFTY OPTIONS ACTIVITY (28-NOV SERIES)

CALL 12000 CE +0.53 lac Shares
CALL 12200 CE +1.02 lac Shares
PUT 11800 PE +0.77 lac Shares
PUT 11900 PE +3.55 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,276 -0.40
Bankex 35,143 +0.90
PSU 6,919 +0.67
Healthcare 13,003 +0.62
IT 15,254 -0.44
 
Market Turn Over (`cr)
Index 15/11 14/11
BSE Cash 2,542 2,673
NSE Cash 39,175 37,035
NSE F&O 862,939 3,159,830
BSE Delivery % 41.03 44.70
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 41.58 55.45
BSE 200 42.29 55.72
BSE 500 41.12 56.89
Total BSE 36.06 57.53
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.72 +0.00
Gold Rs./ 10 Gms 37994.00 -0.71
Silver Rs./ Kg 44445.00 -0.62
Rs.- US $ 71.63 -0.47
Rs.- Euro 79.17 -0.19
FII (Rs cr )
15/11* 14/11*
FIIs -431.03 +1518.87
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       42,218.00       3,191.65       51,773.00       3,847.76    2,11,268.00     17,559.20    (656.11)
Index Options  25,16,585.00  1,80,129.21  25,05,863.00  1,79,054.29    6,56,496.00     54,299.37  1,074.92
Stock Futures    2,18,140.00     12,697.14    2,21,171.00     12,732.72  15,76,183.00     92,291.09      (35.58)
Stock Options    1,04,154.00       6,531.77    1,04,420.00       6,535.67       91,053.00       5,147.59       (3.90)
Total  28,81,097.00  2,02,549.77  28,83,227.00  2,02,170.44  25,35,000.00  1,69,297.25     379.33
Corporate News
Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries’ newer fields in the KG-D6 block at an indicative price of $ 5.04 - 5.16 per unit, industry sources said. (BL).
Bharti Airtel has withdrawn its bid to acquire the assets of Reliance Communications after lenders agreed to extend the deadline for submitting the bids by 10 days. The extension was given on the request of Reliance Jio. (ET).
The Indian Hotels Company’s iconic brand, Taj, has announced the opening of its new hotel in Tirupati, located in close proximity to the Tirumala Hills. (BL).
Private equity firm Blackstone has invested Rs.1,750 crore into Kishore Biyani’s Future Lifestyle Fashions Ltd (FLFL). Private equity firm Blackstone has invested Rs.1,750 crore into Kishore Biyani’s Future Lifestyle Fashions Ltd (FLFL). (ET).
With the acquisition of the entire holding of Hemalatha Annamalai, founder and Chief Executive of Ampere Vehicles Pvt Ltd (through secondary purchase), the company (Ampere) has now become a wholly-owned subsidiary of Greaves Cotton. With the acquisition of the entire holding of Hemalatha Annamalai, founder and Chief Executive of Ampere Vehicles Pvt Ltd (through secondary purchase), the company (Ampere) has now become a wholly-owned subsidiary of Greaves Cotton. (BS).
Pennar Industries Ltd (PIL), a Hyderabad-based engineering products and solutions company, has announced a buy-back of equity shares. (ET).
Mangalore Refinery and Petrochemicals Ltd (MRPL) and Indian Institute of Management (IIM), Kozhikode, have come forward to support start-ups of women entrepreneurs. (ET).
The Supreme Court (SC) has ordered former Fortis promoters, brothers Malvinder and Shivinder Singh to deposit up to  Rs 2350 crore within eight weeks, on Friday. The court held the Singh brothers, Fortis Healthcare Limited (FHL) and financial services company Indiabulls in contempt of the court. (ET).
Hinduja Ventures, the listed holding company of integrated digital platform IndusInd Media & Communications, has been rechristened as 'NXTDIGITAL' with all regulatory approvals, the company said. The re-branding comes close on the heels of the various actions being undertaken as part of the corporate reorganisation which involved demerging of the cable television and HITS business from IndusInd Media & Communications Ltd (IMCL) and merging it with NXTDIGITAL, subject to all statutory approvals, it added. The board of directors at its meeting held on August 27, 2019 had approved the scheme of arrangement by which the media and communications undertaking of IndusInd Media & Communications Limited will demerge into the company with appointed date as October 1, 2019, subject to regulatory and shareholders approval. (ET).
BPCL, will be in focus as Finance Minister Nirmala Sitharaman has announced that the government plans to wrap up sale of ailing Air India and Bharat Petroleum Corporation Limited by March 2020. (BQ).
Tata Steel’s long-term rating affirmed by S&P at BB-. Outlook revised to Stable from Positive. The company has completed its stake sale in its Vietnamese arm NatSteel to Thai Hung Trading for Rs 36 crore. (BQ).
Quarterly Earnings
Reliance Communications (RCom) posted a consolidated loss of Rs 30,142 crore for the fiscal second quarter, because of provisioning of liabilities owed to the government. (BS).
Direct-to-home operator Dish TV India Ltd has reported a consolidated net loss of Rs 96.37 crore for the quarter ended on September 30, 2019. The Essel Group firm had reported a net profit of Rs 19.73 crore in the July-September quarter a year ago, Dish TV said in a BSE filing. Revenue from operations dropped to Rs 893.18 crore during the quarter under review from Rs 1,594.29 crore in the corresponding quarter of the previous fiscal. (BL).
GMR Infrastructure Limited's consolidated net loss for the quarter ended September 30 widened to Rs 457 crore against Rs 334 crore in the July- September period last fiscal, a filing with the bourses said Thursday night. The consolidated gross revenues for the quarter under discussion was Rs 2,018 crore. It was Rs 1,904 crore in Q2FY19, it said. Revenues from the Airports segment stood at Rs 1,494. 7 crore against Rs 1,315.5 crore in the second quarter of FY19, while the Power vertical garnered Rs 167.4 crore against Rs 178.2 crore in Q2FY19. (ET).
IT firm Mphasis on Friday reported a marginal rise in its consolidated net profit at Rs 273.3 crore for the September quarter. The company had posted a net profit of Rs 270.9 crore in the year-ago period, Mphasis said in a regulatory filing. Its revenue from operations increased 12.7 per cent to Rs 2,158.1 crore in the quarter under review from Rs 1,914.8 crore in the July-September 2018 period, it added. The company said it registered new deal wins of $174 million in its direct international business, of which 77 per cent are in new-gen services. (BL).
The public sector FACT has improved its performance considerably, by notching a net profit of Rs.6.26 crore in the second quarter 2019-20 against a loss of Rs.51.9 crore in the corresponding period of the previous fiscal. The fertiliser company also posted a PBDIT of Rs.77 crore in Q2. Factamfos sales during the period was 190 per cent more than that of first quarter. Factamfos production was higher by 40 per cent and ammonium sulphate 72 per cent compared to Q1 this year. (ET).
Economy and Sector News
The Ministry of Petroleum and Natural Gas has notified the tweaked guidelines for granting authorisation to sell petrol and diesel in the country. According to the Gazette notification published last week, companies with net worth of Rs.250 crore and more are eligible to get into the business of auto fuel retailing. In more news, the centre has initiated development projects worth Rs.50,000 crore in the Union Territory of Ladakh, according to Home Minister Amit Shah. (BL).
Economic think-tank, National Council of Applied Economic Research (NCAER), said that India’s GDP growth is likely to decline to 4.9 per cent in the second quarter of this fiscal due to sustained slowdown in virtually all the sectors. India’s economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years. In more news, Exports of goods declined for the third month in a row in October 2019 to $26.38 billion posting a 1.11 per cent fall year-on-year (YoY) with sectors such as petroleum products, leather, ready made garments, carpets and a wide range of farm products taking a hit. The fall in imports in October 2019 was at a steeper 16.31 per cent to $ 37.39 billion which narrowed the country’s trade deficit to $ 11.01 billion compared to $18 billion in October 2018. (ET).
Sales of renewable energy certificates dipped 2.25 per cent to 6.87 lakh units in October as compared to 7.03 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged in trading of renewable energy certificates (RECs) and electricity. The trading of RECs is conducted on the last Wednesday of every month. According to official data, IEX saw total trade of 4.48 lakh RECs in October as compared to 4.25 lakh in the same month last year. Similarly, PXIL recorded sale of 2.38 lakh RECs in the month as compared to 2.77 lakh in October 2018. In more news, Foreign portfolio investors (FPIs) pumped in a net sum of Rs 19,203 crore into the domestic capital markets in the first half of November amid encouraging domestic and global factors. According to the latest depositories data, overseas investors infused a net amount of Rs 14,435.6 crore into equities and Rs 4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore. Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt). (BL).
The monitoring mechanism for air pollution should be strengthened and entities must be penalised for not complying with Ambient Air Quality Standards, recommends the CII-Niti Aayog report on clean industry for reducing air pollution from major industrial sources in Delhi-NCR. Individuals, organisations and utilities who own or service the building and any other infrastructure in the national capital region (NCR) cities and towns may be penalised 5-10 per cent of the project cost for not being able to comply with the ambient air quality standard, says the report. In more news, in an ambitious drive aimed at raising awareness amongst motorists about tyre safety pan India, tyre industry represented by Automotive Tyre Manufacturers Association (ATMA) has tied up with Indian Oil. ATMA will be interacting with motorists visiting Indian Oil retail outlets (ROs) across the country and sensitise them about tyre safety through a massive awareness exercise. Indian Tyre Technical Advisory Committee (ITTAC), the technical wing of tyre industry will spearhead the initiative. (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 at fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China. The Dow Jones Index closed at 28,005, up 222.93 points by 0.80%. The Standard & Poors 500 index closed at 3,120, up 23.83 points by 0.77%. The Nasdaq Composite Index closed at 8,541, up 61.81 points by 0.73%.

FTSE 100

UK markets reversed their lunchtime losses to finish in the green on Friday, after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations. The FTSE 100 index closed at 7,303, up 10.18 points by 0.14%.

 
 
Global Indices
15/11/2019 Clsg Chg%
Dow Jones 28,005 +0.80
NASDAQ 8,541 +0.73
FTSE 100 7,303 +0.14
Bovespa 106,557 +0.47
18/11/2019 Latest
(5:13AM IST)
Chg%
Nikkei 23,303 +0.70
Hang Seng 26,327 +0.01

Nikkei

Asian stocks started trading early in the morning on Monday on a positive note as the investors will be watching the markets closely. Nikkei is currently trading at 23,303, up 161.77 points by 0.70%.

Precious Metals

Gold futures traded lower Friday, paring their gain for the week, after upbeat comments on the outlook for a “phase one” trade deal between the U.S. and China robbed the metal of its haven appeal.

Base Metals

The three-month nickel price on the London Metal Exchange was unable to close above nearby resistance amid low turnover on Friday November 15, while tin topped losses in a 1.2% downturn.

Crude Oil

Oil futures climbed on Friday to tally a gain for the week, with optimism over phase one of a potential U.S.-China trade deal lifting prospects for energy demand, even as traders weigh a conflicting outlook for crude supplies.

 
 
 

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