Morning Notes
20th Aug, 2019
 

Trading Range:

Nifty opened gap up at 11,095 on Monday and made a high and low of 11,147 and 11,038 respectively before closing positive at 11,054.

Review/Outlook:

For the day, support for Nifty exists at 10980 and 10920 levels whereas resistance for Nifty stands at 11120 and 11200 levels.

Review/Outlook:

Bank Nifty opened gap up at 28331, made a high of 28469, low of 28146, and closed negaitive at 28186. For the day, support for Bank Nifty exists at 28000 and 27800 levels whereas resistance for Bank Nifty stands at 28400 and 28600 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 37,403 +0.14
Nifty 11,054 +0.06
BSE 200 4,612 +0.09
BSE Midcap 13,518 +0.20
BSE Smallcap 12,649 +0.51
Dow Jones 26,136 +0.96
NASDAQ 8,002 +1.35
 

DERIVATIVES INDICATORS FOR AUG 20, 2019:

NIFTY 11053.90 (+6.10) (+0.06%)
NIFTY AUG FUTURE 11058.10 (4.20 Points Premium)
NIFTY PCR - OI 1.17(-0.04)
NIFTY OPEN INTEREST 2.12Cr. (-0.69%)
INDIA VIX 16.74 (+0.60%)
NIFTY ROLLOVER 16%

NIFTY OPTIONS ACTIVITY (29-AUG SERIES)

CALL 11200 CE +0.83 lac Shares
CALL 11300 CE +0.96 lac Shares
PUT 11100 PE +2.12 lac Shares
PUT 11000 PE -1.29 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,655 -0.57
Bankex 31,891 +1.25
PSU 6,484 -0.92
Healthcare 12,546 +0.56
IT 15,540 +0.37
 
Market Turn Over (`cr)
Index 19/08 16/08
BSE Cash 1,825 2,024
NSE Cash 25,422 31,199
NSE F&O 873,915 829,535
BSE Delivery % 44.60 41.68
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 45.54 52.48
BSE 200 46.27 51.74
BSE 500 51.90 46.31
Total BSE 47.20 46.33
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 56.16 -0.09
Gold Rs./ 10 Gms 37823.00 -0.30
Silver Rs./ Kg 43430.00 -0.90
Rs.- US $ 71.92 +1.10
Rs.- Euro 79.72 +1.03
FII (Rs cr )
19/08* 16/08*
FIIs +1318.46 +2024.82
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       50,858.00       3,763.93       52,703.00       3,836.21    2,88,911.00     22,794.61       (72.28)
Index Options  24,81,761.00  1,62,173.47  24,93,815.00  1,62,975.14    7,62,284.00     58,489.66     (801.67)
Stock Futures    1,83,430.00     10,480.85    1,91,495.00     10,807.84  15,73,409.00     91,168.59     (326.99)
Stock Options       83,258.00       4,801.19       83,854.00       4,808.33    1,01,816.00       5,630.33        (7.14)
Total  27,99,307.00  1,81,219.44  28,21,867.00  1,82,427.52  27,26,420.00  1,78,083.19  (1,208.08)
Corporate News
Balesh Sharma to step down as Vodafone Idea CEO. Ravinder Takkar, currently Vodafone Group’s representative in India, will be appointed as his successor with immediate effect. (BL).
Telecom operators Bharti Airtel and Vodafone Idea continued to lose subscribers - 41.75 lakh combined - during June, while Reliance Jio added over 82.6 lakh users. (ET).
Cholamandalam eyes mortgage-finance segment, to offer loans up to Rs 15 lakh. (BL).
IT major HCL Technologies said it has signed a pact with Maharashtra Airport Development Company (MADC) for expansion of its MIHAN campus in Nagpur, a move that will help create over 8,000 local jobs. (ET).
RBI Governor Shaktikanta Das today said that there was no proposal to conduct an asset quality review (AQR) of non-bank finance companies that are facing a credit squeeze since the collapse of infrastructure financier IL&FS in August last year. (ET).
IGL to maintain spreads at Rs 6 per SCM if rupee does not depreciate much, says MD. (BL).
KEC International Ltd, an infrastructure EPC company of the RPG Group, has secured its first orders of Rs. 845 crore in the emerging Regional Rapid Transit System (RRTS) and Metro sectors in India. (BS).
PTC India on Monday said that it has signed an agreement with Bhutan’s Druk Green Power Corporation for buying surplus power from the 720 MW Mangdechhu hydro-power plant in Bhutan for the next 35 years. (ET).
L&T’s water and effluent treatment business is eyeing a slew of desalination and water treatment projects worth $1 billion in the country. In more news, L&T Finance Holdings was the biggest lender to renewable energy projects in 2018. The company lent Rs.7,650 crore to renewable energy projects, according to a recent report of New Delhi-based research and analysis body, Centre for Financial Accountability (CFA). (BL).
Pennar Industries Ltd has bagged orders worth Rs.538 crore during June and July. The Railways vertical received orders including ones from Integrated Coach Factory, Rail Coach Factory and BEML. (BL).
Hero Electric India on Monday launched extended range variants of its two electric scooters- Optima ER and Nyx ER and said it plans to expand its product portfolio for B2B (business-to-business) sector. (BL).
Pharma major Dr. Reddy’s Laboratories Ltd has launched ‘Versavo (bevacizumab)’, a biosimilar of Roche’s Avastin in India. (ET).
Drug major Cipla on Saturday said its shareholders have approved a proposal to raise up to Rs 3,000 crore through issuance of equity shares or other securities convertible into equity shares. The move was approved by Cipla’s Board in May 2019. (BL).
Two promoter entities of Reliance Communications (RCom) have pledged 11.5 per cent more stake in favour of Axis Trustee Services, according to regulatory filings. (BL).
Mahindra & Mahindra (M&M) inaugurated its Sri Lankan automotive assembly plant at Welipenna near Colombo on Saturday. Called Mahindra Ideal Lanka Private Limited, this plant is a 65:35 joint venture between M&M and Ideal Motors, Sri Lanka. It has been is set up at a cost of Lankan Rs 200 crore (approximately Indian Rs 80 - 81 crore). (ET).
Economy and Sector News
Rupay cards will be launched in UAE and Bahrain with the signing of Memorandums of Understanding (MoUs) during Prime Minister Narendra Modi’s visit to the two Gulf countries on August 23-25. In more news, A government-appointed task force headed by CBDT member Akhilesh Ranjan on Monday submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act. (BL).
The performance of domestic cotton spinners is likely to weaken in FY20, following a brief recovery in FY19, as they are grappling with the twin challenges of weak export demand and uncompetitive cotton prices, as per an ICRA report. In more news, Automobile dealers' body FADA said retail sales of passenger vehicles (PV) in July declined 11% to 2,43,183 units against the same period last year. (ET).
A new berth for mechanised handling for coal at the New Mangalore Port has been lying idle for over two months since its inauguration as it was commissioned before completion of capital dredging and providing adequate draft, according to the Kanara Chamber of Commerce and Industry. In more news, Private equity and venture capital investments in India crossed USD 8 billion in July - the highest fund infusion in a month by PE/VC funds - amid strong investment activity in infrastructure and real estate asset classes, a report said on Monday. (BL).
India on Monday notified imports of 30,000 tonnes of crude soya oil from Paraguay at a concessional customs duty rate of 10 per cent under a trade agreement. In more news, fashion retail company Hennes & Mauritz AB, popularly known as H&M, sees strong growth potential in the digital medium. It is now ramping up its focus on this segment in India to expand its customers base, according to Fredrik Olsson, Managing Director, H&M. (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 finished in the green on Monday, as investors reacted to news from the weekend that the Commerce Department would grant Chinese telco giant Huawei a further 90-day reprieve from a prohibition on US companies trading with it. The Dow Jones Index closed at 26,135, up 249.78 points by 0.96%. The Standard & Poors 500 index closed at 2,924, up 34.97 points by 1.21%. The Nasdaq Composite Index closed at 8,003, up 106.82 points by 1.35%.

FTSE 100

UK markets finished higher on Monday, underpinned by hopes of further stimulus from central banks. The FTSE 100 index closed at 7,190, up 72.50 points by 1.02%.

 
 
Global Indices
19/08/2019 Clsg Chg%
Dow Jones 26,135 +0.96
NASDAQ 8,003 +1.35
FTSE 100 7,190 +1.02
Bovespa 99,469 -0.34
20/08/2019 Latest
(4:24AM IST)
Chg%
Nikkei 20,563 +0.71
Hang Seng 26,291 +2.17

Nikkei

Asian stocks rose on Tuesday in early morning trading as investors will closely watch the US markets and other global indices. Nikkei is currently trading at 20,563, up 144.35 points by 0.71%.

Precious Metals

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens.

Base Metals

Nickel’s three-month price on the London Metal Exchange was lower at the close of trading on Monday August 19, dipping below the $16,000-per-tonne support level amid a broadly low turnover across the complex, while a steady uptick in lead lead gains over the afternoon.

Crude Oil

Oil futures ended solidly higher Monday. Crude found initial support after Yemen’s Houthi rebels launched a drone attack over the weekend on one of Saudi Arabia’s largest oil fields, then built on gains as U.S. stocks continued their rebound from last week’s Wednesday rout.

 
 
 

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Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Vrinda Aditya D: 91 22 2858 3209
Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213
Email: retailresearch@acm.co.in

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