Morning Notes
19th Jun, 2019

Trading Range:

Nifty opened gap up at 11677 on Tuesday and made a high and low of 11727 and 11641 respectively before closing positive at 11692.


For the day, support for Nifty exists at 11630 and 11570 levels whereas resistance for Nifty stands at 11750 and 11830 levels.


Bank Nifty opened gap up at 30299, made a high of 30551, low of 30223, and closed positive at 30351. For the day, support for Bank Nifty exists at 30100 and 29900 levels whereas resistance for Bank Nifty stands at 30500 and 30700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,046 +0.22
Nifty 11,692 +0.17
BSE 200 4,873 +0.19
BSE Midcap 14,543 +0.08
BSE Smallcap 14,113 -0.42
Dow Jones 26,466 +1.35
NASDAQ 7,954 +1.39


NIFTY 11691.50 (+19.35) (+0.17%)
NIFTY JUN FUTURE 11700.50  (9 Points Premium)
NIFTY PCR - OI 1.14(+0.05)
NIFTY OPEN INTEREST 2.09Cr. (+0.13%)
INDIA VIX 14.60 (-0.34%)


CALL 11700 CE + 4.32 lac Shares
CALL 11800 CE + 1.06 lac Shares
PUT 11700 PE +3.38 lac Shares
PUT 11600 PE +2.71 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,730 -0.52
Bankex 34,064 +0.38
PSU 7,572 +0.89
Healthcare 12,674 -0.55
IT 15,988 +0.76
Market Turn Over (`cr)
Index 18/06 17/06
BSE Cash 6,176 2,018
NSE Cash 30,918 24,017
NSE F&O 1,174,332 802,265
BSE Delivery % 37.40 47.96
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 56.44 43.56
BSE 200 53.23 46.77
BSE 500 46.71 53.09
Total BSE 34.44 60.68
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 54.11 +0.39
Gold Rs./ 10 Gms 33024.00 +0.01
Silver Rs./ Kg 37306.00 +0.58
Rs.- US $ 69.67 -0.31
Rs.- Euro 78.01 -0.54
FII (Rs’cr’)
18/06* 17/06*
FIIs -322.78 -183.79
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
(Rs. Cr)
No. of
(Rs. Cr)
No. of
(Rs. Cr)
(Rs. Cr)
Index Futures       55,559.00       4,212.18       53,976.00       4,093.48    2,61,142.00     21,333.39     118.71
Index Options  38,14,781.00  2,62,610.75  38,05,461.00  2,61,725.04    7,65,951.00     62,418.70     885.70
Stock Futures    2,09,722.00     11,808.16    2,09,159.00     11,755.59  14,42,967.00     85,497.68       52.58
Stock Options    1,02,546.00       5,763.80    1,01,917.00       5,696.99       78,907.00       4,434.14       66.81
Total  41,82,608.00  2,84,394.89  41,70,513.00  2,83,271.09  25,48,967.00  1,73,683.91  1,123.80
Corporate News
Tata Power shareholders on Tuesday raised concerns over the company’s debt and its large number of subsidiaries, which are weighing on the bottom-line. (BL).
Mahindra & Mahindra Ltd launched the new Bolero Camper Range, packing more comfort features, convenience and capability to take higher payloads. (ET).
Vedanta Ltd, in its annual report for FY19, has listed the existing terms for an extension of its Rajasthan block contract as a “risk”. The Centre has sought a 10 per cent higher share of profit petroleum in lieu of extending the contract. (BL).
The Government of Kazakhstan has evinced interest in collaborating with MIDHANI to produce, on a commercial scale, bio-implants which have been beneficial to patients. (ET).
Tamil Nadu based Ramco Cements Ltd has lined up investments to the tune of Rs 3500 crore to enhance its capacity to 20 million tonnes by 2020 from the present integrated capacity of 12.5 million tonnes. (ET).
Daimler India Commercial Vehicles (DICV) and HPCL have launched a co-branded loyalty card, called BharatBenz Dieselaabh, for fleet owners. The card is available for the entire range of BharatBenz trucks, said a DICV statement. The card will ensure drivers’ access to a host of services at all HPCL petrol bunks, Rajaram Krishnamurthy, V-P, Marketing and Sales, DICV, said in the statement. (BL).
Maharashtra Scooters Ltd (MSL) has become a subsidiary of Bajaj Holdings & Investment Ltd (BHIL) with effect from June 17, 2019, the company said in a release on Tuesday. This comes after WMDC Ltd, a Government of Maharashtra undertaking, transferred its 27 per cent stake in Maharashtra Scooters Ltd to BHIL. (ET).
Ashok Chawla and Sharad Sharma have resigned as Independent Directors of Jet Airways with effect from June 17, 2019 in view of the board continuing to be in non-compliance with the provisions of the Companies Act, no additional directors being appointed and the process of bank-led resolution plan not moving forward. (BL).
VA TECH WABAG LIMITED, a leading pure play water technology Indian Multinational Company has secured Rs1,477cr worth order from State Mission for Clean Ganga - Uttar Pradesh towards Operation, Maintenance and Management of the Sewage treatment and network infrastructure in the cities of Agra and Ghaziabad for a period of 10 years, expandable for an additional period of 5 years. (ET).
NMDC produced 3.04 MT iron ore in May 2019 versus 2.12 MT year on year. Sales at 3.37 MT versus 2.31 MT year-on-year.(BQ).
The Reserve Bank of India imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance with directions issued by RBI on Know Your Customer/Anti-Money Laundering norms and on reporting of frauds. (BQ).
Punjab National Bank Basel III-compliant tier-I bonds worth Rs 6,750 crore downgraded to ‘A/Negative’ versus ‘A+/Negative’ earlier by India Ratings. The agency believes that any delays in the management-expected timelines for capital augmentation triggers is likely to result in continuing pressure on capital ratios. (BQ).
Economy and Sector News
The Ministry of External Affairs (MEA) will pick an operation and maintenance (O&M) contractor through a tender for commercial utilisation of port and inland water transport facilities developed under the Kaladan Multimodal Transit Transport Project (KMTTP). The Rs.2,904.04-crore Kaladan Multi Modal Transit Transport Project seeks to create an alternative access route to the North-Eastern region by developing a multi-modal mode of transport for shipment of cargo from the Eastern ports of India to Myanmar as well as to the North-Eastern part of India through Myanmar. (BL).
Workforce under flexi-staffing, or those provided through contractors to various employers, grew at a compound annual growth rate (CAGR) of 16.3 per cent to 3.3 million in 2018 as compared with 2.1 million in 2015, according to a report by the India Staffing Federation (ISF). (ET).
Domestic air passenger traffic increased by 2.96 per cent in May due to the ongoing tourist season, compared to a slump in April. Domestic airlines flew 1.22 crore passengers in May, against 1.18 crore passengers flown during the same period last year. In April, domestic air passenger traffic had dropped 4.5 per cent over the same period last year. The latest data released by the Directorate-General of Civil Aviation shows that IndiGo flew 59.80 lakh of the 1.22 crore passengers in May followed by SpiceJet (18.03 lakh), Air India (16.53 lakh), GoAir (13.55 lakh), AirAsia India (7.68 lakh) and Vistara (5.79 lakh). (BL).
The National Highways Authority of India (NHAI) plans to find a new operator for the Mumbai-Pune Expressway, one of the country’s busiest, with the agreement with IRB Infrastructure Developers set to end in August. NHAI expects the new deal will value the expressway at $1-1.2 billion (Rs 7,000-8,000 crore), said two people close to the development. (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 ended higher on Tuesday, after President Trump touted a positive phone call with his Chinese counterpart Xi Jinping about next week's trade meeting at the G-20 summit in Japan. The Dow Jones Index closed at 26,466, up 353.01 points by 1.35%. The Standard & Poor’s 500 index closed at 2,918, up 28.08 points by 0.97%. The Nasdaq Composite Index closed at 7,954, up 108.86 points by 1.39%.

FTSE 100

UK markets extended their recent gains on Tuesday, tracking broader gains in Europe after European Central Bank President Mario Draghi signalled that monetary policy could be eased if inflation does not pick up and after the presidents of China and the US said that they would meet at the G-20 leaders' summit in Fukuoka, Japan. The FTSE 100 index closed at 7,443, up 85.73 points by 1.17%.

Global Indices
18/06/2019 Clsg Chg%
Dow Jones 26,466 +1.35
NASDAQ 7,954 +1.39
FTSE 100 7,443 +1.17
Bovespa 99,404 +1.82
19/06/2019 Latest
(7:39 AM IST)
Nikkei 21,332 +1.71
Hang Seng 28,057 +2.03


Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day. Nikkei is currently trading at 21,332, up 358.87 points by 1.71%.

Precious Metals

The rate-cut buzz kept gold near 14-month highs at $1,346.62 per ounce on Wednesday.

Base Metals

Base metals traded on the London Metal Exchange had all closed up by the afternoon kerb on June 18 after the potential US Federal Reserve interest rate cuts inspired a bullish sentiment.

Crude Oil

Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.


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