Morning Notes
21st Nov, 2019
 

Trading Range:

Nifty opened gap up at 12005 on Wednesday and made a high and low of 12039 and 11966 respectively before closing positive at 11999.

Review/Outlook:

For the day, support for Nifty exists at 11950 and 11880 levels whereas resistance for Nifty stands at 12040 and 12100 levels.

Review/Outlook:

Bank Nifty opened gap up at 31292, made a high of 31472, low of 31206, and closed positive at 31354. For the day, support for Bank Nifty exists at 31000 and 30800 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,652 +0.45
Nifty 11,999 +0.49
BSE 200 5,014 +0.46
BSE Midcap 14,868 +0.25
BSE Smallcap 13,414 +0.07
Dow Jones 27,821 -0.40
NASDAQ 8,527 -0.51
 

DERIVATIVES INDICATORS FOR NOV 21, 2019:

NIFTY 11999.10 (+59.00) (+0.49%)
NIFTY NOV FUTURE 12018.15 (19.05 Points Premium)
NIFTY PCR - OI 1.58(+0.12)
NIFTY OPEN INTEREST 1.62Cr. (-3.13%)
INDIA VIX 15.16 (-1.64%)
NIFTY ROLLOVER 8%

NIFTY OPTIONS ACTIVITY (28-NOV SERIES)

CALL 12000 CE +2.51 lac Shares
CALL 11900 CE -2.48 lac Shares
PUT 12000 PE +9.04 lac Shares
PUT 11900 PE +2.22 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,080 +0.22
Bankex 35,463 +0.32
PSU 7,068 +0.45
Healthcare 13,472 +2.01
IT 15,194 +0.06
 
Market Turn Over (`cr)
Index 20/11 19/11
BSE Cash 2,946 3,346
NSE Cash 44,083 42,405
NSE F&O 1,282,512 985,924
BSE Delivery % 41.16 38.44
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 61.39 37.62
BSE 200 54.73 44.28
BSE 500 50.50 48.50
Total BSE 42.69 50.13
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.11 +3.44
Gold Rs./ 10 Gms 38155.00 -0.13
Silver Rs./ Kg 44819.00 -0.10
Rs.- US $ 71.77 -0.17
Rs.- Euro 79.51 -0.16
FII (Rs cr )
20/11* 19/11*
FIIs -626.39 -528.86
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       31,136.00       2,400.34       40,355.00       3,218.66    2,22,935.00     18,516.56  (818.32)
Index Options  35,39,426.00  2,49,700.45  35,38,393.00  2,49,560.09    7,00,891.00     58,821.67   140.36
Stock Futures    2,56,575.00     14,272.60    2,52,779.00     14,315.36  15,79,847.00     93,870.14    (42.76)
Stock Options    1,07,701.00       6,572.78    1,09,019.00       6,651.98       99,164.00       5,725.43    (79.20)
Total  39,34,838.00  2,72,946.17  39,40,546.00  2,73,746.09  26,02,837.00  1,76,933.80  (799.92)
Corporate News
Subhash Chandra is set to lose control of Zee Entertainment. The promoters of Essel group on Wednesday announced the selling of a 16.5 per cent stake in Zee Entertainment (ZEEL) to financial investors, including OFI Global China Fund, in a move to repay its debt. (BL).
Moody’s Investors Service on Wednesday said it has assigned a ‘Baa1’ rating to the proposed senior unsecured notes to be issued by Oil and Natural Gas Corporation (ONGC) under its $2 billion medium-term note program. The outlook on the rating is negative, Moody’s said in a statement. (ET).
The market valuation of Reliance Industries, the country’s most valued firm, is fast nearing the Rs.10 lakh crore mark helped by continuous rise in its share price. (BL).
Oil India Ltd has commenced exploration activities, including seismic survey data acquisition, in Rajasthan’s Siyasar block. This block titled RJ-ONHP-2017/9 was won under the first round of bids called under the Open Acreage Licensing Policy. (ET).
State-owned Coal India Ltd (CIL) will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed on Wednesday. The company is also undertaking portal-based monitoring of ongoing projects to ensure their timely completion. (ET).
With growing concerns about pollution in the country, air-conditioner maker Blue Star believes that demand for air-conditioning solutions integrated with air purification benefits in residential and commercial segments is expected to see an uptick. The company on Wednesday launched its new 5-star inverter room air-conditioner with an in-built air-purifier. (BS).
The Rs.10,000 crore Havells India Ltd on Wednesday launched its new circuit protection device - STADx - a communication ready feature that helps in solving operational difficulties and ensures safety and efficiency - for the Tamil Nadu market. (BL).
Economy and Sector News
The better performance expected in BS VI commercial vehicles (when compared with BS IV CVs) may not help the fleet operators significantly as it would be offset by higher debt costs, according to a report by India Ratings & Research, part of Fitch Group. In more news, the government is considering a proposal to provide foreign exchange loan at cheaper interest rate to exporters, Commerce and Industry Minister Piyush Goyal informed Parliament on Wednesday.. (BL).
The Union Cabinet on Wednesday approved a bill to replace an ordinance promulgated to reduce corporate tax to 22 per cent to boost the economy. In more news, the Cabinet on Wednesday gave its approval to the Food Ministry’s recent decision to import 1.2 lakh tonnes of onions in a bid to improve the domestic availability of the key kitchen staple and check prices. Finance Minister Nirmala Sitharaman informed about the decision at a media briefing after the Cabinet meeting. (ET).
The Centre on Wednesday gave in-principle approval for strategic disinvestment of the government shareholding in five public sector enterprises along with management control. These five PSUs are Bharat Petroleum Corporation Ltd (BPCL); Shipping Corporation of India; Container Corporation of India; Tehri Hydro Power Development Corporation (THDCIL), and North Eastern Electric Power Corporation Ltd (NEEPCO). Both THDCIL and NEEPCO will go to NTPC, which will acquire the government’s holding of 74.23 per cent and 100 per cent, respectively. In more news, India and the Europe 29 group of Central, Northern and East European countries hold growth potential in areas such as artificial intelligence, new age technologies, new manufacturing technologies and can be the beacons of growth in a slowing world, Commerce & Industry Minister Piyush Goyal said. (BL).
Markets regulator SEBI on Wednesday approved stricter disclosure norms for listed companies on loan defaults, and revised its regulations for portfolio managers as well as for rights issue of shares. SEBI extended the Business Responsibility Report (BRR) requirement to top 1,000 companies, from 500 currently. In case of default in repayment of principle or interest on loans beyond 30 days, listed companies will have to disclose “fact of such a default” within 24 hours, the regulator said after its board meeting. In more news, bank's credit grew by 8.07 per cent to Rs 98.47 lakh crore in the fortnight ended November 6, according to the recent RBI data. In the similar fortnight last year, the advances have stood at Rs 91.11 lakh crore. In the previous fortnight ended October 25, 2019, bank credit had grown by 8.90 per cent y-o-y to Rs 98.39 lakh crore. Bank deposits in the fortnight ended November 8 increased by 9.92 per cent to Rs 129.98 lakh crore from Rs 118.257 lakh crore year ago, RBI data showed. Deposits had grown by 10.25 per cent to Rs 129.78 lakh crore in the fortnight ended October 25. On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 8.1 per cent in September 2019 from 11.3 per cent in September 2018. (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 closed lower on Wednesday as uncertainty regarding the possibility of a trade deal between Washington and Beijing mounted. The Dow Jones Index closed at 27,821, down 112.93 points by 0.40%. The Standard & Poors 500 index closed at 3,108, down 11.72 points by 0.38%. The Nasdaq Composite Index closed at 8,527, down 43.92 points by 0.51%.

FTSE 100

UK markets fell into the red on Wednesday as concerns about trade relations between the US and China dented the mood, while results from the likes of Kingfisher and Sage also weighed. The FTSE 100 index closed at 7,262, down 61.31 points by 0.84%.

 
 
Global Indices
20/11/2019 Clsg Chg%
Dow Jones 27,821 -0.40
NASDAQ 8,527 -0.51
FTSE 100 7,262 -0.84
Bovespa 105,864 -0.38
21/11/2019 Latest
(4:36AM IST)
Chg%
Nikkei 23,148 -0.62
Hang Seng 26,889 -0.75

Nikkei

Asian stocks started trading early in the morning on Thursday on a negative note as the investors will be watching the markets closely. Nikkei is currently trading at 23,148, down 144.08 points by 0.62%.

Precious Metals

Gold futures ended down by a dime on Wednesday, relinquishing nearly all of their mid-session gains seen on a report that said phase one of a U.S.-China trade deal might not be reached this year buoyed haven demand for the precious metal.

Base Metals

The three-month nickel price on the London Metal Exchange continued to fall at the close of trading on Wednesday November 20, with continued selling pressure and supportive forward spreads prompting the metal’s lowest close since July.

Crude Oil

Oil futures finished higher on Wednesday, following a U.S. government report that showed domestic crude supplies up a fourth straight week, but by less than the six million-barrel jump reported by a trade group the day before.

 
 
 

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