Morning Notes
26th Nov, 2019

Trading Range:

Nifty opened flat at 11922 on Monday and made a high and low of 12084 and 11920 respectively before closing positive at 12074.


For the day, support for Nifty exists at 12020 and 11950 levels whereas resistance for Nifty stands at 12110 and 12200 levels.


Bank Nifty opened gap down at 31065, made a high of 31592, low of 31050, and closed positive at 31556. For the day, support for Bank Nifty exists at 31300 and 31100 levels whereas resistance for Bank Nifty stands at 31800 and 32000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,889 +1.31
Nifty 12,074 +1.34
BSE 200 5,045 +1.34
BSE Midcap 14,911 +1.17
BSE Smallcap 13,462 +0.81
Dow Jones 28,066 +0.68
NASDAQ 8,632 +1.32


NIFTY 12073.75 (+159.35) (+1.34%)
NIFTY NOV FUTURE 12096.30 (22.55 Points Premium)
NIFTY PCR - OI 1.71(+0.40)
NIFTY OPEN INTEREST 1.60Cr. (+5.67%)
INDIA VIX 15.00 (+0.87%)


CALL 11900 CE -13.71 lac Shares
CALL 12000 CE -21.53 lac Shares
PUT 12000 PE +28.67 lac Shares
PUT 12050 PE +10.60 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,324 +1.85
Bankex 35,716 +1.47
PSU 7,049 +0.61
Healthcare 13,591 +1.42
IT 14,967 +0.65
Market Turn Over (`cr)
Index 25/11 22/11
BSE Cash 7,433 2,272
NSE Cash 36,334 34,800
NSE F&O 1,097,583 766,847
BSE Delivery % 36.87 34.02
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 90.10 9.90
BSE 200 85.07 14.43
BSE 500 73.25 25.55
Total BSE 51.72 40.38
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.99 -0.03
Gold Rs./ 10 Gms 37723.00 -0.45
Silver Rs./ Kg 44237.00 -0.55
Rs.- US $ 71.71 -0.11
Rs.- Euro 78.94 -0.23
FII (Rs cr )
25/11* 22/11*
FIIs +606.94 +5006.08
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    1,04,391.00       8,731.55       80,586.00       6,778.11    2,14,653.00     18,058.23  1,953.44
Index Options  26,26,061.00  1,87,668.45  26,19,028.00  1,87,114.91    6,81,809.00     58,168.47     553.54
Stock Futures    4,71,422.00     27,130.49    4,76,698.00     26,987.61  16,78,855.00     99,345.66     142.88
Stock Options       84,719.00       5,122.57       83,692.00       5,043.03       85,799.00       4,825.18       79.54
Total  32,86,593.00  2,28,653.06  32,60,004.00  2,25,923.66  26,61,116.00  1,80,397.54  2,729.40
Corporate News
Novartis AG is buying United States (US) biotechnology company The Medicines Co for about $9.7 billion, the Swiss drugmaker said on Sunday, as it seeks to expand its portfolio of medicines against cardiovascular disease. (BL).
Godrej Appliances said on Monday that it will be investing Rs 700 crore by 2022, in a bid to increase its annual appliance production capacity by 19 lakh units to 65 lakh units per annum. This investment takes the tally of Godrej Appliances’ investment in capacity and technology expansion to Rs 1100 crore over a period of six years. (ET).
India Ratings & Research (Ind-Ra) has downgraded the fund and non-fund-based limits and term loans of Texmaco Rail & Engineering. The agency has lowered Texmaco's long-term issuer rating to IND A from IND AA-, and has simultaneously placed it on Rating Watch Negative (RWN), the company said in a notification to the stock exchanges on Monday. (BL).
The Directorate General of Civil Aviation (DGCA) on Monday instructed IndiGo to ensure that it grounds an old A320neo aircraft with an unmodified Pratt and Whitney (PW) engine for every new A320neo plane inducted into its fleet. (ET).
From early 2020, Emirates and SpiceJet flyers will be able to travel on each other’s flights operating between Dubai and Ahmedabad, Mumbai, Kochi and Delhi. (ET).
Subhash Chandra on Monday resigned as Chairman of the Zee Entertainment board but will continue as non-executive director. (BS).
Adani Green Energy on Monday said its chief financial officer (CFO) Ashish Garg has resigned with immediate effect. Adani Green Energy on Monday said its chief financial officer (CFO) Ashish Garg has resigned with immediate effect. (BL).
Reliance Jio Infocomm, Bharti Airtel, UV Asset Reconstruction Company and private equity firm Varde Partners have bid for the assets of bankrupt Reliance Communications and its two units. (BL).
Commercial vehicle major Ashok Leyland on Monday said it has tied up with ICICI Bank for vehicle loans for a period of two years. The company has inked a Memorandum of Understanding (MoU) with lClCl Bank to enter into a strategic financing partnership for two years, the Hinduja group flagship said in a regulatory filing. (BL).
Economy and Sector News
BSES Discoms and Ola Electric will be setting-up battery swapping and charging stations in the national capital. A company statement said that while BSES Rajdhani Power Limited (BRPL) will set-up the station in South and West Delhi, BSES Yamuna Power Limited (BYPL) will do so in East and Central Delhi. (BL).
Penalties worth Rs.32.58 crore have been realised from errant food business operators in 2018-19, up by about 23 per cent compared with realisations in 2017-18, according to data released by the Food Safety and Standards Authority of India (FSSAI) on Monday. (ET).
The Finance Ministry on Monday said that computer software, mining and three other business segments will not be eligible for the 15 per cent corporate tax rate. Now, it is clear that the new 15 per cent corporate regime is only for the new manufacturing businesses. (BL).
In years past, onion farmers in Maharashtra used to protest against the abysmally low prices in November by dumping their produce on the streets; today the situation is quite the opposite. Prices of the bulb in all major wholesale markets in Maharashtra have shot up due to a shortage in supply. Untimely rains late in October across all the major onion-growing areas in the State have led to massive crop damage. Good quality onions in markets across Nashik are being traded at Rs.5,000-6,000 per quintal (100 kg). In more news, state-owned MMTC has placed order for importing 6,090 tonnes of onion from Egypt and the consignment will be available in India for sale from early next month, an official statement said on Monday. (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 higher on Monday, with the S&P 500 and Nasdaq Composite hitting record highs in early trading as market participants remained largely focused on the long-running trade dispute between Washington and Beijing. The Dow Jones Index closed at 28,066, up 190.85 points by 0.68%. The Standard & Poors 500 index closed at 3,134, up 23.35 points by 0.75%. The Nasdaq Composite Index closed at 8,632, up 112.60 points by 1.32%.

FTSE 100

UK markets were firmly in the green on Monday, on the back of sizeable gains for select financials, alongside advances in miners' shares amid renewed hopes over a China-US trade deal. The FTSE 100 index closed at 7,396, up 69.48 points by 0.95%.

Global Indices
25/11/2019 Clsg Chg%
Dow Jones 28,066 +0.68
NASDAQ 8,632 +1.32
FTSE 100 7,396 +0.95
Bovespa 108,424 -0.25
26/11/2019 Latest
(6:52AM IST)
Nikkei 23,510 +0.93
Hang Seng 26,993 +1.50


Asian stocks started trading early in the morning on Tuesday on a positive note as the investors will be watching the markets closely. Nikkei is currently trading at 23,510, up 217.04 points by 0.93%.

Precious Metals

Gold lost some ground Monday, with weakness attributed to cautiously upbeat expectations around U.S.-China trade negotiations seen robbing the metal of its haven appeal.

Base Metals

The three-month copper price on the London Metal Exchange was marginally higher at the close of trading on Monday November 25, but prices failed to breach nearby resistance on moderately low turnover, while lead futures made the biggest losses over the day.

Crude Oil

Oil prices recovered late Monday after a mostly down day, having gained in three of the past four sessions.


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