Morning Notes
28th Nov, 2019
 

Trading Range:

Nifty opened gap up at 12068 on Wednesday and made a high and low of 12115 and 12055 respectively before closing positive at 12101.

Review/Outlook:

For the day, support for Nifty exists at 12040 and 11990 levels whereas resistance for Nifty stands at 12180 and 12250 levels.

Review/Outlook:

Bank Nifty opened gap up at 31833, made a high of 31917, low of 31734, and closed positive at 31876. For the day, support for Bank Nifty exists at 31600 and 31400 levels whereas resistance for Bank Nifty stands at 32000 and 32200 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,021 +0.49
Nifty 12,101 +0.52
BSE 200 5,054 +0.57
BSE Midcap 14,915 +0.82
BSE Smallcap 13,437 +0.19
Dow Jones 28,164 +0.15
NASDAQ 8,705 +0.66
 

DERIVATIVES INDICATORS FOR NOV 28, 2019:

NIFTY 12100.70 (+63.00) (+0.52%)
NIFTY NOV FUTURE 12108.55 (7.85 Points Premium)
NIFTY PCR - OI 1.64(+0.05)
NIFTY OPEN INTEREST 1.84Cr. (-1.63%)
INDIA VIX 14.61 (-1.48%)
NIFTY ROLLOVER 63%

NIFTY OPTIONS ACTIVITY (28-NOV SERIES)

CALL 12150 CE +2.22 lac Shares
CALL 12200 CE +2.34 lac Shares
PUT 12100 PE +13.02 lac Shares
PUT 12050 PE +5.84  lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,351 +1.22
Bankex 36,109 +0.43
PSU 7,047 +0.95
Healthcare 13,647 +0.70
IT 14,877 +0.62
 
Market Turn Over (`cr)
Index 27/11 26/11
BSE Cash 2,207 2,569
NSE Cash 35,216 82,984
NSE F&O 1,208,610 1,391,009
BSE Delivery % 43.94 36.73
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 73.27 26.73
BSE 200 65.67 34.33
BSE 500 53.29 46.31
Total BSE 44.89 47.67
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 58.11 -0.51
Gold Rs./ 10 Gms 37525.00 -0.51
Silver Rs./ Kg 44040.00 -0.89
Rs.- US $ 71.24 -0.31
Rs.- Euro 78.41 -0.43
FII (Rs cr )
27/11* 26/11*
FIIs +4515.33 +1986.63
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       82,301.00       7,002.36       86,223.00       7,373.17    2,43,829.00     20,746.89  (370.81)
Index Options  30,15,078.00  2,13,507.88  30,14,717.00  2,13,433.22    7,19,632.00     61,355.74     74.66
Stock Futures    6,32,014.00     37,617.40    6,19,597.00     37,088.19  16,75,855.00  1,00,168.34   529.21
Stock Options       57,688.00       3,585.10       56,902.00       3,515.86       63,177.00       3,498.63     69.24
Total  37,87,081.00  2,61,712.74  37,77,439.00  2,61,410.44  27,02,493.00  1,85,769.60   302.30
Corporate News
Gurugram-based SRL Diagnostics is recognised as the cash-cow of parent company Fortis Healthcare Ltd. However, over the past four years, the number of brand collection centres of the lab chain has fallen, even as its rivals leap ahead. (BL).
Tata Motors has christened its upcoming flagship SUV as Tata GRAVITAS, which is set to be launched in February 2020. The company said in a release on Tuesday that this is set to strengthen its SUV portfolio further. (ET).
JSW Cement plans to invest Rs.2,875 crore to enhance capacity to 25 million tonnes per annum from 14 mtpa by 2023. (BL).
Hinduja Group flagship firm Ashok Leyland on Wednesday said it has entered into a strategic partnership with Axis Bank for financing commercial vehicles. The partnership with Axis Bank is for two years and it will enable to offer customised financial solutions to customers based across India, including semi-urban and rural regions, the company said in a regulatory filing. In more news, Commercial vehicle manufacturer Ashok Leyland announced that it has bagged an order for 1,750 buses from Tamil Nadu State Transport Undertaking (TN STU). This order comes closely on the back of orders received from various state transport undertakings recently, the Hinduja Group company said in a press statement. (ET).
Global telecom equipment maker UTStarcom is planning to set up its manufacturing plant and a research and development centre in India after the State-run telecom firm Bharat Sanchar Nigam Limited (BSNL) clears its dues. (ET).
Biotechnology major Biocon on Wednesday said that US health regulator has approved its and Mylan’s supplemental biologics licence application for a drug substance to be manufactured at its new facility in Bengaluru. (BS).
Economy and Sector News
The government has approved a proposal to increase the authorised capital of state-owned Food Corporation of India (FCI) to Rs.10,000 crore from the existing Rs.3,500 crore. The decision was taken at a meeting of the Cabinet Committee for Economic Affairs (CCEA) on Wednesday. (BL).
The US has created a “new normal” at the World Trade Organization’s highest court for resolving global trade disputes. Washington imposed wrenching conditions on the use of funds for Appellate Body (AB) members that would require the WTO Secretariat to spend only CHF 1,00,000 ($1,00,240), down from CHF 7,91,000 ( $7,93,056) to adjudicate a trade dispute, trade envoys said. (ET).
Global rating agency Moody’s expects the Centre’s fiscal deficit to touch 3.7 per cent of the GDP. For all States put together, it is estimated to be three per cent. The Centre has targeted to keep the deficit at 3.3 per cent for the current fiscal (2019-20), but it has already reached 92.6 per cent of the Budget estimate in first six months of the current fiscal. In more news, India’s crude steel output fell 3.4 per cent to 9.089 million tonne (MT) during October 2019, according to World Steel Association (worldsteel). The country had produced 9.408 MT crude steel during the same month a year-ago, the global industry body said in its latest report. (BL).
The Cabinet has approved India’s negotiating stand at the upcoming 25th Conference of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC). The meeting is scheduled to be held in Madrid, Spain (under the Presidency of Chile) from December 2 to 13. In more news, the telecom sector's gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates, said Telecom Minister Ravi Shankar Prasad on Wednesday. Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, Prasad said in a written reply to a question in the Lok Sabha. (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 edged up for a fourth straight day to score another round of records Wednesday, supported by rosier U.S. economic data and ongoing hopes for a U.S. - China trade deal, but Wall Street trading volumes were thinner than usual ahead of the Thanksgiving Day holiday Thursday. The Dow Jones Index closed at 28,164, up 42.32 points by 0.15%. The Standard & Poors 500 index closed at 3,154, up 13.11 points by 0.42%. The Nasdaq Composite Index closed at 8,705, up 57.24 points by 0.66%.

FTSE 100

UK markets finished in the green on Wednesday, with tobacco stocks on the up after a well-received update from British American Tobacco, and investor sentiment underpinned by optimism over a China-US trade deal. The FTSE 100 index closed at 7,429, up 26.64 points by 0.36%.

 
 
Global Indices
27/11/2019 Clsg Chg%
Dow Jones 28,164 +0.15
NASDAQ 8,705 +0.66
FTSE 100 7,429 +0.36
Bovespa 107,708 +0.61
28/11/2019 Latest
(4:44AM IST)
Chg%
Nikkei 23,438 +0.28
Hang Seng 26,954 +0.15

Nikkei

Asian shares ticked higher on Wednesday as more upbeat signals from Sino-U.S. trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing U.S. economy. Nikkei is currently trading at 23,438, up 64.45 points by 0.28%.

Precious Metals

Gold for February delivery GCG20, +0.16%, the most active contract on Comex, fell $6.60, or 0.4%, to end Wednesday at $1,460.80 an ounce, as buoyant demand for U.S. stocks ahead of the Thanksgiving holiday kept pressure on the precious metal.

Base Metals

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Wednesday November 27, falling by a little more than 1% on thin turnover, while strength in the US economy did little to boost risk-off sentiment toward the base metals complex.

Crude Oil

Oil prices slipped Wednesday after official U.S. inventory data posted an unexpected rise in the latest week but remain near their highest levels in about eight weeks.

 
 
 

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