Morning Notes
30th Oct, 2019

Trading Range:

Nifty opened gap up at 11644 on Tuesday and made a high and low of 11809 and 11627 respectively before closing positive at 11787.


For the day, support for Nifty exists at 11740 and 11690 levels whereas resistance for Nifty stands at 11830 and 11910 levels.


Bank Nifty opened gap up at 29528, made a high of 29998, low of 29385, and closed positive at 29873. For the day, support for Bank Nifty exists at 29700 and 29500 levels whereas resistance for Bank Nifty stands at 30100 and 30300 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,832 +1.48
Nifty 11,787 +1.37
BSE 200 4,937 +1.33
BSE Midcap 14,603 +1.12
BSE Smallcap 13,384 +0.55
Dow Jones 27,091 +0.49
NASDAQ 8,326 +1.01


NIFTY 11786.85 (+159.70) (+1.37%)
NIFTY OCT FUTURE 11795.45 (8.60 Points Premium)
NIFTY PCR - OI 1.48(+0.26)
NIFTY OPEN INTEREST 1.71Cr. (+4.45%)
INDIA VIX 16.42 (+5.36%)


CALL 11900 CE +3.45 lac Shares
CALL 12000 CE -5.80 lac Shares
PUT 11800 PE +12.86 lac Shares
PUT 11700 PE +24.78 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,935 +4.25
Bankex 33,775 +1.09
PSU 6,942 +1.06
Healthcare 13,101 +0.90
IT 14,908 +1.70
Market Turn Over (`cr)
Index 29/10 27/10
BSE Cash 5,257 452
NSE Cash 43,916 5,804
NSE F&O 1,236,633 120,143
BSE Delivery % 61.10 61.10
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 77.23 22.77
BSE 200 70.65 28.86
BSE 500 64.47 34.73
Total BSE 53.19 39.30
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 55.44 -0.66
Gold Rs./ 10 Gms 37916.00 -0.02
Silver Rs./ Kg 45989.00 -0.10
Rs.- US $ 70.89 +0.20
Rs.- Euro 78.77 +0.31
FII (Rs cr )
29/10* 27/10*
FIIs -407.93 -193.38
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    1,42,965.00     11,815.37    1,29,075.00     10,572.09    1,91,266.00     15,870.78  1,243.28
Index Options  31,88,741.00  2,22,902.39  31,58,401.00  2,20,352.92    7,25,077.00     59,340.83  2,549.47
Stock Futures    7,33,391.00     41,507.39    7,19,647.00     41,280.19  15,06,420.00     92,350.02     227.20
Stock Options    1,19,571.00       6,847.46    1,18,172.00       6,840.48    1,10,235.00       6,256.05        6.98
Total  41,84,668.00  2,83,072.61  41,25,295.00  2,79,045.68  25,32,998.00  1,73,817.68  4,026.93
Corporate News
Welspun Flooring Limited has expanded its retail network with the launch of 10 stores in Hyderabad and announced it has roped in Big B as its brand ambassador. Targeting a turnover of Rs 1,000 crore in the next 3-4 years, Welspun Flooring is introducing key touchpoints across the country to cater to its discerning consumers with a range of innovative flooring solutions. Welspun has launched a unique campaign – Badal Dalo – to change these prevalent views. (BL).
The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon, an official said. The Registrar of Companies, Mumbai office, has submitted its report on Dewan Housing Finance Corporation (DHFL) to the Ministry of Corporate Affairs a couple of days ago, an official said. (ET).
The Adani Group on Tuesday announced a partnership with Digital Realty, a San Francisco-based player in data centre, co-location and interconnection solutions. The move will accelerate Adani Group's foray into the data centre domain. (BL).
Heritage Foods has launched Heritage Bytes, recipe campaign with celebrity Chef Bhakti Arora to make consumers bask in festive celebrations, daily snacking and regular parties with the recipes curated with milk, curd, paneer and Ghee. (ET).
The Reserve Bank of India (RBI) on Tuesday said it has imposed a monetary penalty of Rs 1 crore on Bandhan Bank for non-compliance with the guidelines on promoter holding. (BL).
IT major Wipro on Tuesday said it has set up an engineering and innovation centre in Virginia, US, a move that will create 200 additional jobs in the Richmond area by 2021. Wipro employs over 500 professionals across Virginia of whom 420 are in the Richmond area. (ET).
Quarterly Earnings
Bharti Airtel deferred the release of its audited second-quarter results to November 14 to get “more clarity” on the implications of a Supreme Court order that upheld the definition of adjusted gross revenue (AGR) for telcos to include their non-core income streams. The telco late Tuesday however released unaudited operational highlights for the India business for the July-September quarter – as “reviewed” by the board, which showed signs of a continued recovery in core mobility operations. The telco’s revenue from India mobile services grew 7.4% on year and 0.8% on quarter, to Rs10,812 crore, as it added to its subscriber base in the three-month period for the first time after four straight quarters of losing users, and amid continued strong growth in data usage. It had last added users in the quarter ended June, 2018. Quarterly average revenue per user fell 1% on quarter to Rs128, which however was over 28% higher on year. (BL).
Tata Metaliks, a pig iron manufacturer and supplier, on Tuesday reported a 50.78 per cent decline in net profit to Rs 23.39 crore for the quarter ended on September 30, 2019. The company had posted a net profit of Rs 47.53 crore in the corresponding quarter of the previous fiscal. Its total income declined to Rs 517.06 crore in the second quarter of the current fiscal as against Rs 548.49 crore in the corresponding quarter of the previous fiscal. (BS).
Net profit of Wonderla Holidays dropped while the net revenue showed a marginal rise for the second quarter ended September 30, 2019. The profit after tax was Rs 0.16 crore compared with Rs 0.94 crore same time previous year. The net revenue stood at Rs 43.92 crore against Rs 43.36 crore a year ago. (BL).
Petronet LNG, the country's biggest importer of liquefied natural gas, on Tuesday reported nearly doubling of net profit in September quarter on back of improved margins. Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, the company said in a regulatory filing. Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year. (ET).
Auto component maker SKF India Ltd on Tuesday reported a marginal increase in net profit to Rs 84.62 crore for the quarter ended on September 2019 compared to that of Rs 84.30 crore in the year-ago quarter. Revenue from operations was down 2.45 per cent to Rs 747.20 crore during the quarter under review compared to Rs 766.04 crore in the corresponding quarter of the previous fiscal, SKF India said in a BSE filing. (BL).
Vedanta Group flagship, Hindustan Zinc reported a 15% rise in net profit in the second quarter ended September 30, 2019 to Rs 2,081 crore compared to the previous corresponding quarter, even as the company's earnings before interest, tax, depreciation and amortisation (EBITDA) went down 8% to Rs 2,120 crore during the quarter on low demand and muted zinc prices. Net profit for the second quarter went up 18% on a sequential basis to Rs 1,765 crore while HZL’s half yearly net went up 3% to Rs 3,846 crore as higher investment income andlower tax rate managed to offset the decline in EBITDA and depreciation expensewhich increased 31% to Rs 595 crore. The company’s EBITDA declined 15% on a sequential basis to Rs 2,480 crore and 10%on a half yearly basis to Rs 4,600 crore. (ET).
Economy and Sector News
Ola is in advanced talks with Microsoft to raise about Rs 1,050-1,400 crore in funding, according to sources. The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said. In 2017, Ola and Microsoft had joined hands to build a new connected vehicle platform for car makers globally. (BL).
Avrexsee Enterprises has announced a joint venture with Selom Aviation Ltd of Ireland to launch managed services for airline operators, aircraft leasing companies and MROs. The new venture will offer the Civil Aircraft Asset Management Solution (CAAMS), a set of software and hardeware tools, and provide  related managed services including aircraft lease records management and migration and digitisation of legacy records. (ET).
Low-cost airline IndiGo has placed a firm order for 300 Airbus A-320 New Engine Option (NEO) aircraft. A statement from the airline said the order comprises a mix of A320 NEO, A321 NEO and A321 XLR or Extra Long Range aircraft. The latest order takes Indigo’s total aircraft order of A320 NEO family aircraft to 730. (BL).
The domestic demand for mining and construction equipment (MCE) industry contracted sharply by 16-17% year-to-date (YTD) August CY’2019 on yoy basis, plagued by tight liquidity conditions in the market, delayed payment to contractors and an overall slowdown in Government spent on infrastructure activity. Given the current scenario, ICRA Research has scaled down its CY’2019 outlook sharply to a decline of 15%-17% after factoring in some post-monsoon recovery during Q4 CY’2019. While a revival in demand is expected during CY’2020 to about 5-10%, the Oct’2019 (post which production of BS III vehicles are not allowed) transition to the next emission norm is a potential headwind given the changes in the equipment and its substantial cost implications. (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 a lackluster session on Tuesday lower as trade headlines and a spate of corporate earnings weighed on shares ahead of tomorrow’s expected rate cut by the Federal Reserve. Treasuries edged higher. The Dow Jones Index closed at 26,091, up 132.66 points by 0.49%. The Standard & Poors 500 index closed at 3,039, up 16.87 points by 0.56%. The Nasdaq Composite Index closed at 8,326, up 82.87 points by 1.01%.

FTSE 100

UK markets dipped on Tuesday as Britain looked set for a December general election, with oil giant BP pacing the decline after its third-quarter results. The FTSE 100 index closed at 7,331, up 6.81 points by 0.09%.

Global Indices
29/10/2019 Clsg Chg%
Dow Jones 27,071 -0.07
NASDAQ 8,277 -0.59
FTSE 100 7,306 -0.34
Bovespa 107,556 -0.58
30/10/2019 Latest
(2:45AM IST)
Nikkei 22,974 +0.47
Hang Seng 26,787 -0.39


Asian shares started trading on Wednesday early in the morning on a positive note as the investors will be watching the US markets closely. Nikkei is currently trading at 22,974, up 106.86 points by 0.47%.

Precious Metals

Gold futures down a second session in a row for lowest finish in a week on Tuesday.

Base Metals

The three-month nickel price on the London Metal Exchange closed higher on Tuesday October 29, with news of the expedited ore ban in Indonesia keeping the metal’s price elevated, while lead futures also ended the day higher despite low turnover.

Crude Oil

U.S. oil futures finished lower on Tuesday, but off the session’s worst levels, as traders weighed forecasts for a weekly rise in domestic crude supplies.


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