Morning Notes
27th Aug, 2019
 

Trading Range:

Nifty opened gap up at 11000 on Monday and made a high and low of 11070 and 10757 respectively before closing positive at 11058.

Review/Outlook:

For the day, support for Nifty exists at 10980 and 10900 levels whereas resistance for Nifty stands at 11120 and 11200 levels.

Review/Outlook:

Bank Nifty opened gap up at 27664, made a high of 27795, low of 26859, and closed positive at 27951. For the day, support for Bank Nifty exists at 27700 and 27500 levels whereas resistance for Bank Nifty stands at 28200 and 28400 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 37,494 +2.16
Nifty 11,058 +2.11
BSE 200 4,603 +1.98
BSE Midcap 13,410 +1.57
BSE Smallcap 12,387 +1.65
Dow Jones 25,899 +1.05
NASDAQ 7,854 +1.32
 

DERIVATIVES INDICATORS FOR AUG 27, 2019:

NIFTY 11057.85 (+228.50) (+2.11%)
NIFTY AUG FUTURE 11054.20 (3.65 Points Discount)
NIFTY PCR - OI 1.21(+0.19)
NIFTY OPEN INTEREST 2.24Cr. (0.73%)
INDIA VIX 16.65 (-3.99%)
NIFTY ROLLOVER 24%

NIFTY OPTIONS ACTIVITY (29-AUG SERIES)

CALL 11100 CE +2.30 lac Shares
CALL 11200 CE +3.16 lac Shares
PUT 10900 PE +13.47 lac Shares
PUT 11000 PE +10.50 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,794 +0.42
Bankex 31,530 +3.57
PSU 6,348 +2.12
Healthcare 12,549 +0.71
IT 16,054 +0.53
 
Market Turn Over (`cr)
Index 26/08 23/08
BSE Cash 2,185 2,201
NSE Cash 35,779 33,682
NSE F&O 1,513,497 1,043,153
BSE Delivery % 40.50 40.51
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 77.23 22.77
BSE 200 77.11 22.39
BSE 500 79.20 20.20
Total BSE 64.61 30.73
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 53.87 +0.43
Gold Rs./ 10 Gms 38828.00 +0.16
Silver Rs./ Kg 45093.00 +1.10
Rs.- US $ 72.01 +0.28
Rs.- Euro 79.93 -0.22
FII (Rs cr )
26/08* 23/08*
FIIs -1828.80 -1289.92
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    1,56,627.00     11,733.74    1,54,141.00     11,111.96    3,02,363.00     23,503.09     621.78
Index Options  48,34,730.00  3,14,010.16  48,05,222.00  3,11,948.47    8,36,685.00     63,571.69  2,061.69
Stock Futures    5,88,053.00     31,484.95    5,64,887.00     30,742.02  16,43,735.00     95,320.53     742.93
Stock Options    1,46,954.00       8,307.69    1,44,532.00       8,227.23    1,02,805.00       5,498.06       80.46
Total  57,26,364.00  3,65,536.54  56,68,782.00  3,62,029.68  28,85,588.00  1,87,893.37  3,506.86
Corporate News
The Committee of Creditors (CoC) of Jet Airways on Monday decided to extend the deadline to receive expressions of interest (EoIs) for acquiring the airline to August 31. This has been done to accommodate a potential bid from South America’s Synergy Group. (BL).
Gulf Oil Lubricants India Ltd, which is keen to grow its two-wheeler battery business, is contemplating setting up an assembly plant soon. (ET).
Titagarh Wagons Ltd on Monday said it has decided to exit from France-based Arbel Fauvet Rail (AFR), the company’s first overseas acquisition. The Kolkata-headquartered company had acquired AFR, a railway rolling stock maker, for Rs.11.7 crore in 2010. (BL).
Drug firm Lupin on Monday said its South African arm Pharma Dynamics has signed a commercial agreement with Creso Pharma for hemp oil-based cannaQIX products. (ET).
The state-run power company NTPC has introduced the work-from-home policy. In its initial phase, only 18 ‘Officer’ Grade employees, across 10 cities, have been ordered to work-from-home. (ET).
Furniture brand Godrej Interio has launched a products and services centre for the healthcare industry. The Godrej Interio Healthcare Experience Centre is based on human-centric approach and adaptive space solutions. (BL).
Highway developer Dilip Buildcon on Monday said its board has approved a proposal to divest equity stakes in wholly-owned subsidiaries. The board approved the proposal for divestment either partly or wholly the equity stake of the company in five BOT (HAM projects), namely DBL Mangloor Highways Pvt Ltd, DBL Sangli Borgaon Highways Pvt Ltd, DBL Borgaon Watambare Highways Pvt Ltd, DBL Mangalweda Solapur Highways Pvt Ltd and DBL Chandikhole Bhadrak Highways Pvt Ltd — wholly owned subsidiaries of our company (formed in the nature of special purpose vehicles) — to one or more potential investors. (BS).
Infrastructure major Larsen & Toubro (L&T) on Monday said its power business has bagged a “significant” order from NTPC to set up flue gas desulphurisation system at Vindhyachal Super Thermal Power Station in Madhya Pradesh. L&T has received engineering, procurement and construction (EPC) order to set up flue-gas desulphurisation (FGD) system at Vindhyachal Super Thermal Power Station at stage-I & II (6x210 megawatt (MW) & 2x500 MW, the company said in a BSE filing. (ET).
While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the slump is due to the industry itself. (ET).
As per media reports, Dewan Housing Finance Ltd. (DHFL) has proposed a 35% haircut to all lenders, however, the company has not confirmed this news yet. (ET).
Tata Steel, Adani Ports and Special Economic Zone Ltd (APSEZ) and Essar Ports have submitted initial bids to build captive berths (for own use) at the western dock of Paradip Port Trust with an investment of Rs.2,040 crore. (BL).
Economy and Sector News
The demand for steel in India could grow at the slowest pace in three years as an economic slowdown in the global industry’s bright spot deepens. Steel consumption in India is likely to increase by less than 6 per cent this fiscal year, according to ICRA Ltd, the local arm of Moody’s Investors Service. That would make it the slowest pace since a 3.1 per cent increase in the year ended March 2017. In more news, the Director General of Trade Remedies has recommended increase in rate of customs duty by 5 per cent on imports of two varieties of palmolein oil originating in Malaysia for a period of 180 days to safeguard the interests of domestic industry. (BL).
With India emerging as its biggest market by contributing nearly one-third of its revenues, Chinese smartphone maker OnePlus has announced bigger plans for the country. Besides investing Rs.1,000 crore in a new research and development (R&D) centre in Hyderabad, the company is expanding its Noida plant to export its current models to the United States and European Union markets from India. In more news, FreshToHome.com, a Bengaluru-based online fresh fish and meat retailer, has secured $20 million in a Series B funding round led by Iron Pillar with the participation of Joe Hirao, the founder of ZIGExn, Japan. (ET).
The Food Safety and Standards Authority of India (FSSAI) is set to take dairy major Amul to task for “disparaging” the fortified milk category. The food safety authority soon plans to issue a notice to Amul for its comments on fortified milk category, for which standards have been finalised by the FSSAI’s Scientific Panel. (BL).
India on Monday offered for bidding seven new areas for prospecting of oil and natural gas on revamped exploration terms that look to expedite cut in import dependence by raising domestic output. Five blocks offered are in little-explored Vindhyan sedimentary basin, while one block is in Bengal Purnea basin. The remaining block is the proven basin of Rajasthan, according to a press statement by the Directorate General of Hydrocarbons (DGH). In all, 18,509.69 square kilometre of area for exploration of oil and gas has been offered in the fourth bid round of Open Acreage Licensing Policy (OALP). The government has under the previous three OALP rounds awarded 87 blocks covering an area of 1.18 lakh sq km. OALP-IV is the first round being held on revamped terms approved in February 2019. (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 after Donald Trump announced the US and China were "getting back to the table". The Dow Jones Index closed at 25,899, up 269.93 points by 1.05%. The Standard & Poors 500 index closed at 2,878, up 31.27 points by 1.10%. The Nasdaq Composite Index closed at 7,854, up 101.97 points by 1.32%.

FTSE 100

UK markets gave up their weekly gains on Monday after China retaliated against the latest round of trade tariffs from Washington and the US President warned that he would respond to Beijing latest move "shortly". The FTSE 100 index closed at 7,095, down 33.20 points by 0.47%.

 
 
Global Indices
26/08/2019 Clsg Chg%
Dow Jones 25,899 +1.05
NASDAQ 7,854 +1.32
FTSE 100 7,095 -0.47
Bovespa 96,430 -1.27
27/08/2019 Latest
(4:45AM IST)
Chg%
Nikkei 20,261 -2.17
Hang Seng 25,681 -1.91

Nikkei

Asian shares started trading early on Tuesday morning in the negative as investors will be watching the US and other global markets closely. Nikkei is currently trading at 20,261, down 449.87 points by 2.17%.

Precious Metals

Gold prices settled with a loss on Monday, giving up earlier gains, as President Donald Trump and Chinese officials both appeared to play down the recent escalation in trade tensions.

Base Metals

Base metals prices on the Shanghai Futures Exchange tumbled across the board on the morning of Monday August 26, reflecting a further escalation of trade tensions between the United States and China after both sides said they would ramp up tariffs against each other.

Crude Oil

Oil prices gave up earlier gains to finish lower on Monday, as traders weighed demand uncertainty in the wake of the latest news on the U.S.-China trade dispute.

 
 
 

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