Morning Notes |
19th Jul, 2019 |
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Trading Range:
Nifty opened gap down at 11676 on Thursday and made a high and low of 11677 and 11582 respectively before closing negative at 11597.
Review/Outlook:
For the day, support for Nifty exists at 11530 and 11470 levels whereas resistance for Nifty stands at 11670 and 11760 levels.
Review/Outlook:
Bank Nifty opened gap down at 30706, made a high of 30769, low of 30379, and closed negative at 30431. For the day, support for Bank Nifty exists at 30200 and 30000 levels whereas resistance for Bank Nifty stands at 30600 and 30800 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
38,897 |
-0.81 |
Nifty |
11,597 |
-0.78 |
BSE 200 |
4,833 |
-0.94 |
BSE Midcap |
14,364 |
-1.23 |
BSE Smallcap |
13,558 |
-1.15 |
Dow Jones |
27,223 |
+0.01 |
NASDAQ |
8,207 |
+0.27 |
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DERIVATIVES INDICATORS FOR JUL 19, 2019:
NIFTY |
11596.90 (-90.60) (-0.78%) |
NIFTY JUL FUTURE |
11604.35 (7.45 Points Premium) |
NIFTY PCR - OI |
1.25 (-0.09) |
NIFTY OPEN INTEREST |
2.03Cr. (+1.69%) |
INDIA VIX |
11.75 (-0.42%) |
NIFTY ROLLOVER |
23% |
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NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
CALL |
11700 CE +12.96 lac Shares |
CALL |
11600 CE +5.43 lac Shares |
PUT |
11550 PE +3.64 lac Shares |
PUT |
11450 PE +1.79 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
16,806 |
-2.65 |
Bankex |
34,196 |
-1.18 |
PSU |
7,381 |
-2.17 |
Healthcare |
13,005 |
-1.11 |
IT |
15,565 |
-0.92 |
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Market Turn Over (`cr) |
Index |
18/07 |
17/07 |
BSE Cash |
2,314 |
2,002 |
NSE Cash |
33,623 |
33,084 |
NSE F&O |
1,947,254 |
1,019,816 |
BSE Delivery % |
41.02 |
38.77 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
17.82 |
82.18 |
BSE 200 |
19.40 |
80.10 |
BSE 500 |
21.00 |
78.60 |
Total BSE |
27.69 |
67.11 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
55.96 |
+1.19 |
Gold Rs./ 10 Gms |
35156.00 |
+0.19 |
Silver Rs./ Kg |
40738.00 |
+1.40 |
Rs.- US $ |
68.83 |
+0.07 |
Rs.- Euro |
77.53 |
+0.40 |
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FII (Rs cr ) |
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18/07* |
17/07* |
FIIs |
-85.86 |
-358.48 |
MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
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Details |
Buy |
Sell |
Open interest at the
end of the day |
Net Position |
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No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
Value
(Rs. Cr) |
|
Index Futures |
51,455.00 |
4,011.75 |
34,918.00 |
2,643.91 |
2,60,424.00 |
21,200.80 |
1,367.85 |
Index Options |
33,83,309.00 |
2,27,948.39 |
33,75,068.00 |
2,27,347.72 |
5,32,489.00 |
43,665.47 |
600.67 |
Stock Futures |
1,99,477.00 |
12,468.20 |
2,21,454.00 |
13,171.99 |
14,25,679.00 |
89,202.46 |
(703.79) |
Stock Options |
1,14,083.00 |
6,594.03 |
1,15,972.00 |
6,705.71 |
74,965.00 |
4,533.69 |
(111.68) |
Total |
37,48,324.00 |
2,51,022.37 |
37,47,412.00 |
2,49,869.32 |
22,93,557.00 |
1,58,602.41 |
1,153.05 |
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Corporate News |
The RP-Sanjiv Goenka (RPSG) Group is planning to introduce its recently acquired grocery brand — Nature’s Basket — in Kolkata soon. The grocery and fresh fruit chain was acquired by Spencer’s Retail in an all-cash deal from Godrej Industries. (BL). |
The Comptroller and Auditor General of India (CAG) has red-flagged multiple operational lacuna in marine logistics operations of Oil and Natural Gas Corporation Ltd (ONGC). (ET).
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A cave, cobwebs, snakes and the devil with long nails and a mocking smile. All these negatives came together sometime in the 1980s to form an iconic advertisement for TV-maker Onida. (BL). |
A Bengaluru civil court has granted interim relief to Innoviti Payment Solutions against rival Pine Labs in a patent infringement case. (ET). |
Australia’s Environmental Clean Technologies (ECT) has decided to end its relationship with PSU mining giant NMDC due to the latter’s “increasing lack of responsiveness”. In more news, the Donimalai iron ore mine in Bellary, Karnataka, which has been closed for over eight months, is set to resume operations following a directive of the Karnataka High Court. (ET). |
State-run BHEL has bagged a Rs.750 crore order from a joint venture firm of NTPC and Indian Railways for supply of emission control equipment. (BS). |
The resolution professional overseeing Jet Airways has received claims worth close to Rs 25,000 crore, and has so far accepted only about one third of the claims that came from financial creditors. (BL). |
Fitch Ratings has affirmed Mauritius-based UPL Corporation Limited's (UPL Corp) Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Negative. The agency has also affirmed UPL Corp's senior unsecured rating and the ratings on the company's outstanding bonds, USD500 million 3.25% senior unsecured notes due 2021 and USD300 million 4.5% senior unsecured notes due 2028, at 'BBB-'. (ET). |
Corporate Quarterly Earnings |
IT firm Cyient Thursday posted a 9.7 per cent rise in net profit at Rs 90.5 crore for the June 2019 quarter. The Hyderabad-based company had posted a net profit of Rs 82.5 crore in the corresponding quarter a year ago, Cyient said in a statement. Its revenue increased marginally to Rs 1,089 crore in April-June quarter as against Rs 1,080 crore in the year-ago period. However, on a sequential basis, the revenue declined by 6.4 per cent from Rs 1,162.9 crore. (BL). |
IT company L&T Infotech (LTI) Thursday reported a 1.5 per cent decline in consolidated net profit to Rs 355.8 crore for the quarter ended June 2019. The company had registered a net profit of Rs 361.3 crore in the same period a year ago, LTI said in a statement. However, its revenue was up 15.3 per cent to Rs 2,484.9 crore in the reported quarter from Rs 2,155.7 crore in the year-ago period, it added. The company's revenue in US dollar terms grew 11.5 per cent year-on-year to USD 356.5 million. (ET). |
Sterlite Technologies (STL) Thursday posted 17.5 per cent rise in consolidated net profit at Rs 141 crore for June quarter 2019-20 mainly on account of growth in exports and sales of value-added products. The broadband technology provider posted a profit of around Rs 120 crore in the same period a year ago. Revenue jumped by around 63 per cent to Rs 1,432 crore during the quarter under review from about Rs 877 crore in the year-ago period. (ET). |
FMCG major Colgate-Palmolive India Ltd (CPIL) Thursday reported a 10.76 per cent decline in net profit at Rs 169.11 crore for the quarter ended June 30, 2019, owing to lower growth in rural markets. The company had posted net profit of Rs 189.51 crore in the April-June quarter last fiscal. Its total income during the quarter under review stood at Rs 1,100.03 crore, up 4.71 per cent from Rs 1,050.46 crore reported in the corresponding quarter a year ago. (BL). |
ACC Consolidated net profit for the period increased by 38.6% at Rs 455.70 crore while operating profit increased increased by 25% at Rs 783 crore on account of better realisations and operational efficiencies. Net sales showed an improvement of 7.8% at Rs 4149.8 crore. The company's concrete business sales grew by almost twice the sales of its cement business at 14%. (ET). |
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Economy and Sector News |
The European Union has cleared telecom operator Vodafone’s acquisition of Liberty Global’s operations in Germany, the Czech Republic, Hungary and Romania but has imposed some conditions. The EU Commission said that the deal, valued at 18.4 billion euros ($21.8 billion), will go ahead if Vodafone addresses its competition concerns, especially in the big market of Germany. It said Vodafone already offered several commitments to make sure the deal can go through. (BL). |
The total area under organic farming in the country has gone up by 20 per cent to 27.7 lakh hectares (lh) till date from 23.02 lh brought under chemicals-free cultivation last year, Parliament was informed on Tuesday. This includes 10.97 lh already declared organic under the National Programme for Organic Produce (NPOP), 8.41 lh under conversion, 5.98 lh under Paramparagat Krishi Vikas Yojana ad 0.639 lh covered under Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), Agriculture Minister Narendra Singh Tomar said in a written reply in the Lok Sabha. (ET).
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In a major development, the World Bank has ‘dropped’ the $700-million Andhra Pradesh Amaravati Sustainable Infrastructure and Institutional Development Project that seeks to develop the greenfield capital of Andhra Pradesh. (BL). |
To fast track the deployment of renewable energy in the country, the government has approved a proposal to give early regulatory approval to transmission schemes identified for 66.5 GW National Renewable Energy Mission (NREM) projects by Central Electricity Regulatory Commission (CERC). According to an official statement, Union Minister of State for Power and New & Renewable Energy (Independent Charge) and Skill Development & Entrepreneurship RK Singh has given his nod to the order. (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
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Global Markets |
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DJIA and NASDAQ Composite
US markets finished in just the green on Thursday, as earnings and trade fears continued to weigh on market sentiment. The Dow Jones Index closed at 27,223,
up 3.12 points by 0.01%. The Standard & Poors 500 index closed at 2,995, up 10.69 points by 0.36%. The Nasdaq Composite Index closed at 8,207, up 22.04 points by 0.27%.
FTSE 100
UK markets finished a tad lower on Thursday amid ongoing worries about Sino-US trade relations, while sterling moved higher after the European Union's chief trade negotiator, Michel Barnier, told the BBC he was open to alternative solutions for the Irish border. The FTSE 100 index closed at 7,493, down 42.37 points by 0.56%. |
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Global Indices |
18/07/2019 |
Clsg |
Chg% |
Dow Jones |
27,223 |
+0.01 |
NASDAQ |
8,207 |
+0.27 |
FTSE 100 |
7,493 |
-0.56 |
Bovespa |
104,716 |
+0.83 |
19/07/2019 |
Latest
(7:43AM IST) |
Chg% |
Nikkei |
21,375 |
+1.56 |
Hang Seng |
28,756 |
+1.03 |
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Nikkei
Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month. Nikkei is currently trading at 21,375, up 328.96 points by 1.56%.
Precious Metals
Spot gold extended the previous day’s rally on Friday made on the prospects of lower U.S. interest rates and brushed a six-year high of $1,452.60 an ounce, before pulling back a touch to $1,442.25.
Base Metals
Nickel’s three-month price on the London Metal Exchange continued its rally throughout afternoon trading on Thursday July 18, closing just below $15,000 per tonne amid a continued flurry of technical buying and a seven-year low in LME stocks.
Crude Oil
U.S. crude oil futures rose 1% to $55.90 per barrel after slumping 2.6% overnight on Friday. |
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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual
Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity
Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C.
Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/
its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies
being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates
or Research analysts have no material conflict of interest, have not received any compensation/benefits for any
reason (including investment banking/merchant banking or brokera3ge services) from either the companies concerned/third
parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have
neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making
activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12
months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
have not served as an officer/director or employee of the companies being covered.
Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and
it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any
loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To
enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not
be treated as endorsement of the views expressed in the report. |
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