Morning Notes
20th Nov, 2019
 

Trading Range:

Nifty opened gap up at 11919 on Tuesday and made a high and low of 11959 and 11882 respectively before closing positive at 11940.

Review/Outlook:

For the day, support for Nifty exists at 11880 and 11790 levels whereas resistance for Nifty stands at 11980 and 12020 levels.

Review/Outlook:

Bank Nifty opened gap up at 31045, made a high of 31298, low of 30974, and closed positive at 31236. For the day, support for Bank Nifty exists at 31000 and 30800 levels whereas resistance for Bank Nifty stands at 31400 and 31600 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,469 +0.46
Nifty 11,940 +0.47
BSE 200 4,991 +0.34
BSE Midcap 14,830 -0.05
BSE Smallcap 13,405 +0.31
Dow Jones 27,934 -0.36
NASDAQ 8,571 +0.24
 

DERIVATIVES INDICATORS FOR NOV 20, 2019:

NIFTY 11940.10 (+55.60) (+0.47%)
NIFTY NOV FUTURE 11969.15 (29.05 Points Premium)
NIFTY PCR - OI 1.46(+0.14)
NIFTY OPEN INTEREST 1.67Cr. (+1.63%)
INDIA VIX 15.41 (-2.17%)
NIFTY ROLLOVER 7%

NIFTY OPTIONS ACTIVITY (28-NOV SERIES)

CALL 12000 CE -1.71 lac Shares
CALL 11900 CE -0.39 lac Shares
PUT 11800 PE +1.81 lac Shares
PUT 11900 PE +2.46 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,041 -0.74
Bankex 35,349 +0.54
PSU 7,036 +0.99
Healthcare 13,207 +0.36
IT 15,184 -0.17
 
Market Turn Over (`cr)
Index 19/11 18/11
BSE Cash 3,346 2,448
NSE Cash 42,405 33,619
NSE F&O 985,924 753,248
BSE Delivery % 38.44 43.74
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 46.53 52.48
BSE 200 47.76 51.24
BSE 500 52.30 46.91
Total BSE 42.06 51.21
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 55.27 +0.11
Gold Rs./ 10 Gms 38205.00 -0.06
Silver Rs./ Kg 44862.00 +0.40
Rs.- US $ 71.89 -0.07
Rs.- Euro 79.64 -0.03
FII (Rs cr )
19/11* 18/11*
FIIs -528.86 -1166.87
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       37,163.00       2,807.19       37,592.00       2,870.18    2,22,682.00      18,434.54      (62.99)
Index Options  27,84,172.00  1,93,738.50  27,71,162.00  1,92,689.94    6,77,464.00      56,290.40  1,048.56
Stock Futures    2,00,713.00     11,382.48    2,03,800.00     11,597.06  15,68,839.00      92,513.09    (214.58)
Stock Options       94,140.00       5,861.66       92,327.00       5,756.09       93,912.00        5,403.24     105.57
Total  31,16,188.00  2,13,789.83  31,04,881.00  2,12,913.27  25,62,897.00   1,72,641.27     876.56
Corporate News
The ground appears all set for a swift roll-out of the new Bharat Stage-6 emission norms from April 1, 2020, as the largest car maker, Maruti Suzuki India Limited (MSIL) has reported encouraging trend towards adoption of BS-VI-compliant petrol cars - even if with a tad higher cost. (BL).
Mangalore Refinery and Petrochemicals Ltd (MRPL) has made the first export shipment of BS-VI grade diesel. (ET).
Tata Steel has confirmed cuts of up to 3,000 jobs across its European operations as part of a wider restructuring and cost-cutting strategy to counter stagnant steel demand in Europe and global overcapacity. (BL).
Pharma firm Lupin on Tuesday said it has launched in the US generic potassium chloride for oral solution used for treatment and prevention of hypokalemia. The company had earlier received approval for the product from the United States Food and Drug Administration (USFDA), Lupin said in a statement. (ET).
After a wait of more than a year, IL&FS Construction and Engineering has disclosed its December 2018-ended quarter results. The company has reported profits of Rs 34.4 crore, a huge rise when compared to Rs 32 lakh in profits it posted in the December 2017-ended quarter. Revenues came in at Rs 300 crore, a 34.7 per cent dip when compared to revenues of Rs 459.5 crore it posted in the December 2017-ended quarter. (ET).
Highway developer Dilip Buildcon on Tuesday said it has bagged an order worth Rs 2,122.74 crore from Northern Coalfields Ltd, a subsidiary of Coal India, for removal of overburden at a mining project in Madhya Pradesh. (BS).
Forbes & Company Ltd, a subsidiary of Shapoorji Pallonji And Company Private Limited, on Tuesday announced their plans to unlock value of its subsidiary Eureka Forbes Limited. This may include listing, dilution/sale or combination thereof of Eureka Forbes. (BL).
Bharat Heavy Electricals Limited (BHEL) has commissioned two more pumping units each at Package-6 (7x116 MW) and Package-8 (7x139 MW) of the mega Kaleshwaram Lift Irrigation Scheme (LIS). (ET).
NBCC will in focus as the co to provide project consultancy for the development of National Museum of Natural History at New Delhi for Rs 500 crore. (BQ).
IRCTC signed a concession agreement with Karnataka State Tourism Development Corporation for taking over the operations, marketing and day to day maintenance of Golden Chariot Train. (BQ).
Reliance Industries will be in focus as Reliance Jio announced tariff hikes a day after peers Bharti Airtel and Vodafone Idea said they would charge subscribers more from next month. (BQ).
Economy and Sector News
Private traders have placed orders for importing onions and at least 1,000 tonnes are expected by month end, which will help ease retail prices that is still ruling high at over Rs.60/kg, a senior government official said on Tuesday. (BL).
Synergy Group, the sole potential bidder for Jet Airways, will get an extension only till December 16 to submit a final bid and a resolution plan. The South American company had asked to extend the deadline to February 2020. (ET).
Onelife Nutriscience, which owns consumer healthcare brand ‘Onelife – Live it right’, has raised Pre-Series A funding of Rs 5 crore from a group of High Net worth Individuals (HNIs) from pharmaceuticals and healthcare & Chemicals industry. (BL).
Vodafone Idea and Bharti Airtel lost over 49 lakh users in September this year, while rival Reliance Jio added 69.83 lakh new users to its network, as per data from sectoral regulator TRAI. Total wireless subscribers (GSM, CDMA and LTE) increased to 117.37 crore at the end of September 2019 from from 117.1 crore at the end of August, a monthly growth of 0.23 per cent, the Telecom Regulatory Authority of India (TRAI) said. Wireless subscription in urban areas declined to 65.91 crore at the end of September, while that in rural areas increased to 51.45 crore, it added. As per the data, Bharti Airtel lost 23.8 lakh users in September to take its total user base to 32.55 crore. Similarly, Vodafone Idea lost 25.7 lakh users in the month to take its total user base to 37.24 crore. However, Reliance Jio added 69.83 lakh users in September, taking its total user base to 35.52 crore. In more news, a day after Bharti Airtel and Vodafone Idea announced their decision to increase tariffs, Reliance Jio on Tuesday said that it will increase telecom service charges in the next few weeks, among other measures. (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 mixed on Tuesday as investors struggled to shrug off concerns around the prospect of a U.S.-China trade deal and dealt with disappointing earnings. The Dow Jones Index closed at 27,934, down 102.20 points by 0.36%. The Standard & Poors 500 index closed at 3,120, down 1.85 points by 0.06%. The Nasdaq Composite Index closed at 8,571, up 20.72 points by 0.24%.

FTSE 100

UK markets extended their gains on Tuesday, helped along by a weaker pound and some well-received corporate releases, as investors mulled mixed news on the trade front. The FTSE 100 index closed at 7,324, up 16.10 points by 0.22%.

 
 
Global Indices
19/11/2019 Clsg Chg%
Dow Jones 27,934 -0.36
NASDAQ 8,571 +0.24
FTSE 100 7,324 +0.22
Bovespa 105,864 -0.38
20/11/2019 Latest
(6:25AM IST)
Chg%
Nikkei 23,277 -0.07
Hang Seng 27,094 +1.55

Nikkei

Asian shares lumbered lower on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply saw oil prices suffer their biggest spill in seven weeks. Nikkei is currently trading at 23,277, down 15.65 points by 0.07%.

Precious Metals

The risk-off tone helped spot gold firm 0.1% to $1,474.14 per ounce XAU= on Wednesday.

Base Metals

The three-month nickel price traded on the London Metal Exchange continues to languish below $15,000 per tonne at the close on Tuesday November 19 while fresh inflows continue to pressure nickel futures.

Crude Oil

Brent crude LCOc1 futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6% overnight, while U.S. crude CLc1 recouped a single cent to $55.22.

 
 
 

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