Morning Notes
20th Jun, 2019
 

Trading Range:

Nifty opened gap up at 11744 on Wednesday and made a high and low of 11802 and 11625 respectively before closing flat at 11691.

Review/Outlook:

For the day, support for Nifty exists at 11650 and 11590 levels whereas resistance for Nifty stands at 11750 and 11810 levels.

Review/Outlook:

Bank Nifty opened gap up at 30526, week made a high of 30699, low of 30242, and closed flat at 30362. For the day, support for Bank Nifty exists at 30200 and 30000 levels whereas resistance for Bank Nifty stands at 30500 and 30700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,112 +0.17
Nifty 11,691 +0.00
BSE 200 4,865 -0.17
BSE Midcap 14,443 -0.69
BSE Smallcap 13,919 -1.37
Dow Jones 26,504 +0.15
NASDAQ 7,987 +0.42
 

DERIVATIVES INDICATORS FOR JUN 20, 2019:

NIFTY 11691.45 (-0.05) (+0.00%)
NIFTY JUN FUTURE 11708.60 (17.15 Points Premium)
NIFTY PCR - OI 1.15(+0.01)
NIFTY OPEN INTEREST 2.11Cr. (+1.03%)
INDIA VIX 14.73 (+0.89%)
NIFTY ROLLOVER 16%

NIFTY OPTIONS ACTIVITY (27-JUN SERIES)

CALL 11700 CE + 2.76 lac Shares
CALL 11800 CE + 2.59 lac Shares
PUT 11700 PE +3.06 lac Shares
PUT 11600 PE -0.54 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,553 -1.00
Bankex 34,063 -0.01
PSU 7,551 -0.28
Healthcare 12,511 -1.29
IT 15,983 -0.03
 
Market Turn Over (`cr)
Index 19/06 18/06
BSE Cash 2,318 6,176
NSE Cash 35,218 30,918
NSE F&O 1,536,664 1,174,332
BSE Delivery % 36.21 37.40
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 54.24 +0.89
Gold Rs./ 10 Gms 33079.00 +0.17
Silver Rs./ Kg 37304.00 -0.01
Rs.- US $ 69.61 -0.09
Rs.- Euro 78.22 +0.27
FII (Rs cr )
19/06* 18/06*
FIIs +66.12 -322.78
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 61,344.00 4,852.12 58,782.00 4,498.43 2,62,118.00 21,346.59 353.69
Index Options 45,47,804.00 3,16,725.22 45,38,358.00 3,15,830.99 7,88,081.00 64,200.94 894.24
Stock Futures 2,75,015.00 14,468.72 2,80,682.00 15,043.57 14,47,132.00 85,501.29 (574.85)
Stock Options 1,31,834.00 7,046.62 1,30,614.00 7,009.41 79,669.00 4,459.79 37.21
Total 50,15,997.00 3,43,092.68 50,08,436.00 3,42,382.40 25,77,000.00 1,75,508.61 710.28
Corporate News
The Enforcement Directorate on Wednesday arrested two former executives in connection with its money laundering probe in the IL&FS alleged financial irregularities case, officials said. (BL).
The promoters of Hotel Leelaventure and JM Financial ARC, which holds 26 per cent in the bankrupt hotel group, on Wednesday told the National Company Law Tribunal that ITC s bid to stall their deal with Brookfield is an attempt to wrest the control of the premium hotel chain through the backdoor. (ET).
Hindustan Antibiotics Ltd, a Pune-based maker of penicillin and other pharma products, is pinning its hopes on a Rs.250-crore Voluntary Retirement Scheme (VRS) for a quick turnaround. Under the scheme, nearly 600 employees will get the golden handshake. (BL).
Engineering and construction giant Larsen & Toubro (L&T) on Wednesday said it has won a contract for water supply project in Sri Lanka.. (ET).
Adani Green Energy on Wednesday said its arm Adani Renewable Energy Park (Gujarat) has bagged 600 MW wind-solar hybrid projects in an auction conducted by state-run Solar Energy Corporation of India (SECI). The company has received Letters of Award (LoAs) from SECI for the 600 MW projects. The fixed power purchase agreement (PPA) tariff is ? 2.69/kWh for a period of 25 years, it added. (ET).
State-owned engineering firm BHEL announced on Wednesday that it has commissioned Unit-1 of 84 MW at Chhukha hydro electric project in Bhutan. It has achieved yet another milestone in Bhutan with the successful commissioning of Unit-1 of the 4x84 MW Chhukha hydro electric project (HEP), following complete renovation and modernisation (R&M) of the generator, BHEL said in a statement. (BL).
Rajesh Exports on Wednesday said it has has bagged an order worth Rs.942 crore from Germany to supply designer range of jewellery. The order is to be completed by August 2019, the company said in a regulatory filing. (ET).
ONGC Videsh Ltd, the overseas investment arm of ONGC, and its consortium partners have announced the Final Investment Decision (FID) in the Mozambique LNG project. The Indian consortium is expected to collectively invest $20 billion in the two-train Golfinho/Atum Mozambique LNG Project. The first gas packet is expected in 36-48 months, ONGC said in a statement to the stock exchanges. (BL).
Mortgage major HDFC Wednesday agreed to acquire Apollo Hospitals Group's entire 50.8 percent stake in Apollo Munich Health Insurance for Rs 1,336 crore and also the 0.4 percent stake held by a few employees for Rs 10.84 crore. The deal, valued at Rs 1,347 crore, and subject to regulatory and shareholder approvals, is likely to be closed over the next nine months. The merged entity (with HDFC Ergo General Insurance) will be a Rs 10,807-crore business as of today's individual business, making it the second largest. At Rs 1,336 crore or Rs 73 a share, the deal gives over four-times premium to the Reddys, the promoters of the Apollo Hospitals group which had invested Rs 300 crore into the joint venture since 2006. (ET).
Economy and Sector News
An expert committee of the Reserve Bank of India (RBI) on Micro, Small and Medium Enterprises (MSMEs) has suggested doubling collateral-free loans for these units. This should be applicable to Micro Units Development and Refinance Agency (Mudra) and Self-Help Groups (SHGs), too, the committee said. The committee, headed by former SEBI Chairman UK Sinha, submitted its report to RBI Governor Shaktikanta Das on Monday. The RBI is expected to put up the report in public domain by Friday. (BL).
The government plans to promote common facility centres to support gems and jewellery industry. The government is serious about the gems and jewellery industry and wants to promote the common facility centres for the growth of the sector. There are total 10,000 units across India with over 1.2 million skilled workforce, readily available for the MSME s of the gems and service sector, Ministry of Commerce and Industry Economic Advisor Rupa Dutta said. (ET).
The export-dependent Washington state apple industry is a worried lot after India hiked duties on the fruit, saying it is very hard to sell products to other markets when you lose a reliable and established market. India announced a hike in customs duties on as many as 28 US products, including almond, apple, pulses and walnut, in response to higher tariffs imposed by Washington on Indian products such as steel and aluminium. (BL).
The government will not allow foreign companies to operate in multi-brand segment and necessary action will be taken against people indulging in predatory pricing, Commerce and Industry Minister Piyush Goyal said Wednesday. The minister said this in a meeting with representatives of associations of kirana stores, traders and retailers here. (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 markets finished in the green on Wednesday, after the Fed decided to stand pat on interest rates, although it did pave the way for possible rate cuts going forward. The Dow Jones Index closed at 26,504, up 38.46 points by 0.15%. The Standard & Poor s 500 index closed at 2,926, up 8.71 points by 0.30%. The Nasdaq Composite Index closed at 7,987, up 33.44 points by 0.42%.

FTSE 100

UK markets underperformed on Wednesday on the back of strength in Sterling even as investors eyed the result of an upcoming policy announcement from the Federal Reserve. The FTSE 100 index closed at 7,404, down 39.50 points by 0.53%.

 
 
Global Indices
19/06/2019 Clsg Chg%
Dow Jones 26,504 +0.15
NASDAQ 7,987 +0.42
FTSE 100 7,404 -0.53
Bovespa 100,303 +0.90
20/06/2019 Latest
(5:03 AM IST)
Chg%
Nikkei 21,334 +1.72
Hang Seng 28,202 +2.56

Nikkei

Asian share markets jumped on Thursday as investors will be closely watching the US markets and other global markets. Nikkei is currently trading at 21,334, up 361.16 points by 1.72%.

Precious Metals

Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months.

Base Metals

Zinc s three-month price on the London Metal Exchange was subdued at the close of trading on Wednesday June 19, drifting below the nearby $2,500-per-tonne support level after steady inflows and dwindling demand continue to pressure the galvanizing metal s outright price.

Crude Oil

Oil futures settled modestly lower on Wednesday, giving up the gains they saw in the immediate wake of U.S. government figures that revealed a larger-than-expected drawdown in crude stockpiles, the first in three weeks.

 
 

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