Morning Notes
19th Jul, 2019

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.


For the day, support for Nifty exists at 11530 and 11470 levels whereas resistance for Nifty stands at 11670 and 11760 levels.


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.

Market Scan
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


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%)


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
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
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
Advances / Decines BSE Cash
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
Commodities, Forex & Debt
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
FII (Rs cr )
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.

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       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
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).
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).
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).
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
Global Markets

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%.

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)
Nikkei 21,375 +1.56
Hang Seng 28,756 +1.03


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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