Morning Notes
28th Jun, 2019

Trading Range:

Nifty opened gap up at 11861 on Thursday and made a high and low of 11911 and 11821 respectively before closing negative at 11842.


For the day, support for the Nifty exists at 11770 and 11690 levels whereas resistance for Nifty stands at 11920 and 12000 levels.


Bank Nifty opened up down at 31192, made a high of 31491, made a low of 31159, and closed positive at 31270. For the day, support for Bank Nifty exists at 31100 and 30900 whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,586 -0.01
Nifty 11,842 -0.05
BSE 200 4,947 +0.10
BSE Midcap 14,853 +0.36
BSE Smallcap 14,249 +0.53
Dow Jones 26,527 -0.04
NASDAQ 7,968 +0.73


NIFTY 11841.55 (-6.00) (-0.05%)
NIFTY JUL FUTURE 11908.85  (67.30 Points Premium)
NIFTY PCR - OI 1.51(-0.09)
NIFTY OPEN INTEREST 1.92Cr. (-12.93%)
INDIA VIX 14.64 (-0.71%)


CALL 11900 CE +2.01 lac Shares
CALL 12000 CE +1.43 lac Shares
PUT 11800 PE +3.25 lac Shares
PUT 11900 PE +2.01 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,009 +1.15
Bankex 35,179 +0.49
PSU 7,852 +0.32
Healthcare 12,883 +0.10
IT 15,702 -0.76
Market Turn Over (`cr)
Index 27/06 26/06
BSE Cash 2,727 8,726
NSE Cash 43,234 32,451
NSE F&O 2,655,699 1,338,979
BSE Delivery % 43.01 37.04
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 58.42 40.59
BSE 200 58.21 40.80
BSE 500 58.28 40.52
Total BSE 51.59 42.32
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 59.32 -0.19
Gold Rs./ 10 Gms 34175.00 -0.62
Silver Rs./ Kg 37542.00 -0.85
Rs.- US $ 69.07 -0.29
Rs.- Euro 78.53 -0.33
FII (Rs cr )
27/06* 26/06*
FIIs +200.00 +2419.91
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    1,13,218.00       8,897.27       79,781.00       6,225.96    1,82,843.00     15,299.80  2,671.31
Index Options  84,07,487.00  4,10,215.46  84,12,301.00  4,08,415.58    3,65,115.00     30,642.65  1,799.88
Stock Futures    3,91,621.00     24,450.01    3,75,026.00     23,309.99  12,67,352.00     81,976.59  1,140.02
Stock Options       46,647.00       3,045.62       45,509.00       2,970.82        8,337.00         519.50       74.80
Total  89,58,973.00  4,46,608.36  89,12,617.00  4,40,922.35  18,23,647.00  1,28,438.55  5,686.01
Corporate News
Larsen & Toubro (L&T) Hydrocarbon Engineering Thursday said it has won twin orders from Oil & Natural Gas Corporation (ONGC) for work in the western offshore basin. (BL).
Tata Group’s unit making chemicals in the UK plans to build the country’s first industrial-scale carbon capture project. The 16.7 million pound ($21 million) facility in Northwich, England, is to start working in 2021, Tata said in a statement. It will draw in CO2 created by burning fossil fuels and use it to make sodium bicarbonate, an ingredient in the food and pharmaceuticals industries. (ET).
Social Alpha on Thursday said it has partnered with BIRAC and Mphasis to scout for 10 startups working on assistive technology solutions aimed at differently-abled persons. The company will also offer them financial support of up to Rs 20 lakh each. (BL).
Reliance Infrastructure on Thursday said the sale of its entire stake in the Delhi-Agra Toll Roadway to Singapore-based Cube Highways will be completed by the end of August 2019. (ET).
It has been nearly eight years since a legal logjam stalled the construction of NHPC’s 2,000 MW lower Subansiri hydel power project in Assam. But NHPC has rolled out a livelihood intervention project. NHPC has a limited budget of Rs.30 crore for this, expandable to Rs.100 crore. (ET).
Godrej Consumer Products Ltd (GCPL), which entered the professional hair-care market nearly two years back, is eyeing a 25 per cent market share and a turnover of Rs.300 crore in the next three years. (BL).
Travel and tour company Cox & Kings Thursday said it has defaulted on the payment of commercial papers due to cash flow mismatch and a situation exacerbated by rating downgrade. (ET).
Drug major Sun Pharmaceutical Industries Thursday said one of its wholly owned subsidiaries has entered into a licensing agreement with a subsidiary of China Medical System Holdings for the development and commercialisation of its dermatology products. (BL).
Axis Bank is considering raising at least $1.3bn through a share sale to institutional investors, as per media reports. (BL).
Sunteck Realty Ltd, India’s Premium Real Estate Developer is gearing to create a large portfolio with an investment of Rs5,000cr in commercial and retail properties over the next 4 years. (ET).
US pharmaceutical firm Gilead is not living up to its promise of supplying the life-saving anti-fungal drug liposomal amphotericin B (LAmB) at cheaper rates, the non-profit MSF (Médecins Sans Frontières, or Doctors Without Borders) has said. (ET).
Economy and Sector News
E-commerce player Flipkart on Thursday said it plans to introduce electric vehicles for its last mile deliveries. Flipkart aims to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020, starting with nearly 160 electric vans to be deployed across cities by this year-end. It Flipkart will also be working closely with the various manufacturers in this field to get the right designs suitable for e-commerce deliveries, a statement from the company said. (BL).
Max India on Thursday said it has approved divestment of its entire stake of over 85 per cent in subsidiary firm Pharmax Corporation Ltd to a wholly-owned subsidiary of group firm Max Ventures and Industries Ltd (MVIL) for Rs 61.2 crore. (ET).
Max India on Thursday said it has approved divestment of its entire stake of over 85 per cent in subsidiary firm Pharmax Corporation Ltd to a wholly-owned subsidiary of group firm Max Ventures and Industries Ltd (MVIL) for Rs 61.2 crore. (BL).
India's monsoon rains were 24 per cent below average in the week ended June 26, the Indian Meteorological Department (IMD) said on Thursday, as the seasonal rainfall was scanty over central and western parts of the country. (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 on a mixed note on Thursday, as traders held out hope that the world's two largest economies could finally call a truce on their ongoing trade war. The Dow Jones Index closed at 26,527, down 10.24 points by 0.04%. The Standard & Poors 500 index closed at 2,925, up 11.14 points by 0.38%. The Nasdaq Composite Index closed at 7,968, up 57.79 points by 0.73%.

FTSE 100

UK markets dipped on Thursday as nerves crept in ahead of the G20 meeting scheduled for over the weekend and as a raft of companies wen ex-dividend. The FTSE 100 index closed at 7,402, down 14.06 points by 0.19%.

Global Indices
27/06/2019 Clsg Chg%
Dow Jones 26,527 -0.04
NASDAQ 7,968 +0.73
FTSE 100 7,402 -0.19
Bovespa 100,724 +0.04
28/06/2019 Latest
(7:48AM IST)
Nikkei 21,250 -0.41
Hang Seng 28,502 -0.42


Asian stocks edged higher early on Friday morning as investors clung on to hopes that a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions. Nikkei is currently trading at 21,250, down 88.07 points by 0.41%.

Precious Metals

The uncertainty over global trade saw gold rebound on Friday after dipping below $1,400 per ounce on Thursday. Spot gold XAU= was last traded at $1,414.72 per ounce, up 0.38%.

Base Metals

Nickel’s three-month price on the London Metal Exchange was higher at the close of trading on Thursday June 27, up by about 2% amid continued buying momentum, with positive US GDP figures shoring up commodity investments.

Crude Oil

Oil prices were steady on Friday, with focus shifting to the G20 summit where a scheduled meeting between U.S. President Donald Trump and Chinese President Xi Jinping has stirred hopes that trade tensions could ease.


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