Morning Notes
28th Aug, 2019
 

Trading Range:

Nifty opened gap up at 11107 on Tuesday and made a high and low of 11142 and 11050 respectively before closing positive at 11105.

Review/Outlook:

For the day, support for Nifty exists at 11050 and 10980 levels whereas resistance for Nifty stands at 11150 and 11210 levels.

Review/Outlook:

Bank Nifty opened gap up at 28106, made a high of 28278, low of 27961, and closed positive at 28126. For the day, support for Bank Nifty exists at 27900 and 27700 levels whereas resistance for Bank Nifty stands at 28300 and 28500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 37,641 +0.39
Nifty 11,105 +0.43
BSE 200 4,631 +0.59
BSE Midcap 13,479 +0.53
BSE Smallcap 12,588 +1.63
Dow Jones 25,778 -0.47
NASDAQ 7,827 -0.34
 

DERIVATIVES INDICATORS FOR AUG 28, 2019:

NIFTY 11105.35 (+47.50) (+0.43%)
NIFTY AUG FUTURE 11103.90 (1.45 Points Discount)
NIFTY PCR - OI 1.23(+0.02)
NIFTY OPEN INTEREST 2.26Cr. (0.55%)
INDIA VIX 16.01 (-3.87%)
NIFTY ROLLOVER 33%

NIFTY OPTIONS ACTIVITY (29-AUG SERIES)

CALL 11200 CE +4.77 lac Shares
CALL 11300 CE +6.75 lac Shares
PUT 11000 PE +8.83 lac Shares
PUT 11100 PE +5.86 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,092 +1.89
Bankex 31,750 +0.70
PSU 6,483 +2.13
Healthcare 12,561 +0.10
IT 15,811 -1.52
 
Market Turn Over (`cr)
Index 27/08 26/08
BSE Cash 2,514 2,185
NSE Cash 46,885 35,779
NSE F&O 1,257,676 1,513,497
BSE Delivery % 41.75 40.50
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 69.31 29.70
BSE 200 69.15 29.35
BSE 500 72.06 26.35
Total BSE 62.18 31.94
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 55.55 +1.13
Gold Rs./ 10 Gms 39044.00 +0.56
Silver Rs./ Kg 45970.00 +1.94
Rs.- US $ 71.64 -0.51
Rs.- Euro 79.46 -0.59
FII (Rs cr )
27/08* 26/08*
FIIs -706.28 -1828.80
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    1,17,246.00       8,799.64    1,10,489.00       8,144.65    3,19,934.00     25,007.16     654.99
Index Options  36,44,592.00  2,41,140.90  36,54,630.00  2,41,830.03    9,04,871.00     68,378.54    (689.13)
Stock Futures    7,38,754.00     42,652.09    7,04,818.00     40,867.78  16,22,635.00     95,353.88  1,784.31
Stock Options       98,748.00       5,786.23       97,011.00       5,719.88       93,906.00       5,061.15       66.35
Total  45,99,340.00  2,98,378.86  45,66,948.00  2,96,562.34  29,41,346.00  1,93,800.73  1,816.52
Corporate News
FMCG bellwether Hindustan Unilever (HUL) has cut prices across some of its product portfolios to pass on the benefit of softening input costs. (BL).
Maruti Suzuki India (MSIL) Chairman, RC Bhargava, on Tuesday said that the states should also help in promoting manufacturing to meet the Centre’s aim to reach $5 trillion economy in the next five years. In more news, Maruti Chairman said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as they battled rising inventory amid a slowdown in demand. (ET).
Britannia Industries is looking to double turnover of its dairy verticals over the next two to three years. While there will be a widening of its existing portfolio, plans are also afoot to increase milk procurement too. (BL).
Leisure and hospitality company Sterling Holiday Resorts plans to add more than 2,000 rooms in the next four years, according to a senior official of the company. (ET).
Pattons, the US-based subsidiary of Coimbatore-headquartered air compressor manufacturer Elgi Equipments, has set up a new office in Los Angeles. With this expansion, Pattons now has a network of eight branch offices. The company was earlier present in in North Carolina, South Carolina, Georgia, Alabama and Virginia. (ET).
Pramod Agrawal, a 1991 batch officer of the Indian Administrative Service (IAS) has been picked by the government head-hunter, the Public Enterprises Selection Board (PESB), as the new Chairman and Managing Director of Coal India Ltd. (BL).
State-run Power Finance Corporation (PFC) on Tuesday said its has received shareholders’ approval to raise Rs.70,000 crore by issuance of bonds, debentures, notes and debt securities in domestic and international markets. (BS).
Steel Authority of India Ltd has extended the deadline to submit bids for stake sale in its three assets to September 10, 2019. (ET).
Aligned to its strategy of value-led growth, Tata Metaliks Ltd, a subsidiary of Tata Steel, is looking to double the production of ductile iron (DI) pipe to 4 lakh tonnes per annum from the current 2 lakh tonnes. The company is also installing a new 15-MW power plant. The estimated investment on the project is Rs.620 crore. (ET).
Hindustan Petroleum Corporation Ltd (HPCL) is seeking more gasoline after having purchased more than 120,000 tonnes of the fuel for September to early October delivery from the spot market. According to sources, the purchase was meant to plug a supply gap. (ET).
Strides Pharma Science Ltd on Tuesday said its step down subsidiary Strides Pharma Inc has acquired a United States (US) health regulator approved manufacturing facility in Florida from Micelle BioPharma Inc. (BL).
Mukesh Ambani-led Reliance Jio pipped Bharti Airtel and Vodafone Idea in April-June as top revenue earner from telecom services at Rs 10,900 crore within three years of commencing commercial operations, according to the latest financial data released by telecom regulator Trai. (BL).
Infosys Ltd. announced the closure of the Rs8,260cr buyback offer on August 26, with the company utilizing nearly the entire size of the approved issue. The company, during the exercise, bought back 11.05cr shares during the period from March 20, 2019. (BL).
Economy and Sector News
Ride-hailing platform Uber on Tuesday announced the launch of a “24x7” in-app safety helpline in India. This helpline will be accessible to a customer only during an ongoing Uber ride and can be accessed under the ‘Safety’ tab on the Uber app. (BL).
The raft of measures announced by the government to boost the sagging economic growth will provide some support to investor and business sentiments, but domestic and external headwinds will continue to persist through the year, resulting in a 6.4 per cent GDP growth, Moody’s Investors Service said on Monday. (ET).
Indian companies are under severe stress to service their debt obligations, according to a study by McKinsey & Company on the indebtedness of Asian corporates. The share of their long-term debt having an interest coverage ratio of less than 1.5 times of operating profits rose significantly over the past decade. (BL).
The economic slowdown in the country has led to 5 per cent decline in online hiring during January-June period of this year as compared to the preceding six months, according to a report. The hiring trend for H1 2019 has registered a slowdown in growth by almost 5 per cent, compared to H2 2018, mainly led by sectors including automotive, ancillaries, tyres sectors where online hiring dipped by 10 per cent and agro based industries that went down by 51 per cent, according to Monster Employment Index. Meanwhile, year-on-year basis the online hiring demand witnessed 16 per cent growth H1 2019 compared to H1 2018. In more news, Astra Rafael Communication System, a Joint Venture between Astra Microwave and Rafael Advanced Defense Systems Ltd of Israel, inaugurated a new facility at Hardware Technology Park close to Hyderabad international airport. After inaugurating the facility, G Kishan Reddy, Union Minister of State, Home Affairs, in the presence of Ron Malka, Ambassador of Israel to India, said that the Narendra Modi government has taken a number of steps to boost indigenous manufacturing as part of Make in India mission. (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 lower on Tuesday as Washington's trade war with Beijing weighed on sentiment. The Dow Jones Index closed at 25,778, down 120.93 points by 0.47%. The Standard & Poors 500 index closed at 2,869, down 9.22 points by 0.32%. The Nasdaq Composite Index closed at 7,827, down 26.79 points by 0.34%.

FTSE 100

UK markets finished in the red on Tuesday as sterling gained ground and an early advance on Wall Street appeared to fizzle out. The FTSE 100 index closed at 7,089, down 5.40 points by 0.08%.

 
 
Global Indices
27/08/2019 Clsg Chg%
Dow Jones 25,778 -0.47
NASDAQ 7,827 -0.34
FTSE 100 7,089 -0.08
Bovespa 97,276 +0.88
28/08/2019 Latest
(5:21AM IST)
Chg%
Nikkei 20,456 +0.96
Hang Seng 25,664 -0.06

Nikkei

Asian shares started trading early on Wednesday morning in the negative as investors will be watching the US and other global markets closely. Nikkei is currently trading at 20,456, up 195.04 points by 0.96%.

Precious Metals

Gold futures climbed to their highest finish since 2013 and silver rallied to a more than two-year high on Tuesday, with losses in U.S. stocks and a drop in Treasury yields providing a boost to the precious metals as investors hopes for progress on U.S.-China trade talks faded.

Base Metals

The London Metal Exchange cash/three-month nickel spread was trading in a $79 per tonne backwardation at the close on Tuesday August 27, its narrowest since July 2007 when it traded in a backwardation of $199 per tonne.

Crude Oil

Oil futures climbed on Tuesday, with U.S. prices settling up by more than 2% following data showing significant output cuts by major oil producers in July and expectations for a drop in weekly U.S. crude supplies.

 
 
 

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