Morning Notes
22nd Feb, 2019
 

Trading Range:

Nifty opened gap up at 10744 on Thursday and made a high and low of 10809 and 10721 respectively before closing positive at 10790.

Review/Outlook:

For the day, support for Nifty exists at 10720 and 10680 levels whereas resistance for Nifty stands at 10850 and 10910 levels.

Review/Outlook:

Bank Nifty opened gap up at 26995, made a high of 27101, low of 26973, and closed positive at 27052. For the day, support for Bank Nifty exists at 26900 and 26700 levels whereas resistance for Bank Nifty stands at 27200 and 27500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 35,898 +0.40
Nifty 10,790 +0.51
BSE 200 4,539 +0.57
BSE Midcap 14,116 +0.88
BSE Smallcap 13,414 +1.07
Dow Jones 25851 -0.40
NASDAQ 7,460 -0.39
 

DERIVATIVES INDICATORS FOR FEB 22, 2019:

NIFTY 10789.85 (+54.40) (+0.51%)
NIFTY FEB FUTURE 10804.45 (14.60 Points Premium)
NIFTY PCR - OI 1.40(+0.10)
NIFTY OPEN INTEREST 2.40Cr. (-1.22%)
INDIA VIX 16.05 (-5.88%)
NIFTY ROLLOVER 13%

NIFTY OPTIONS ACTIVITY (FEB SERIES)

CALL 10700 CE -3.38 lac Shares
CALL 10900 CE +2.54 lac Shares
PUT 10700 PE +7.47 lac Shares
PUT 10800 PE +5.53 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,324 +0.41
Bankex 30,222 +0.23
PSU 6,596 +0.46
Healthcare 13,507 +0.96
IT 15,049 -0.32
 
Market Turn Over (`cr)
Index 21/02 20/02
BSE Cash 4,320 2,044
NSE Cash 28,448 26,796
NSE F&O 1,514,786 1,011,506
BSE Delivery % 44.69 44.33
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 75.25 24.75
BSE 200 71.14 28.36
BSE 500 67.00 32.00
Total BSE 58.17 36.42
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 57.02 -0.24
Gold Rs./ 10 Gms 33522.00 -1.03
Silver Rs./ Kg 40193.00 -1.71
Rs.- US $ 71.12 +0.18
Rs.- Euro 80.68 +0.02
FII (Rs’cr’)
21/02* 20/02*
FIIs +1282.88 -1558.65
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       37,545.00       2,756.76       43,545.00       3,229.13    3,90,236.00     30,866.05    (472.37)
Index Options  26,80,011.00  1,60,200.01  26,53,905.00  1,58,636.77    8,36,328.00     63,659.42  1,563.24
Stock Futures    2,11,707.00     12,008.66    2,05,050.00     11,707.78  15,40,823.00     91,189.66     300.88
Stock Options    1,32,345.00       7,753.07    1,35,332.00       7,913.80    1,91,108.00     10,976.46    (160.74)
Total  30,61,608.00  1,82,718.50  30,37,832.00  1,81,487.49  29,58,495.00  1,96,691.60  1,231.01
Corporate News
Anil Ambani plans to quit the mutual fund space by selling of his 42 per cent stake to joint venture partner Nippon Life to reduce debt. The deal is expected to be about Rs 7,000-Rs 8,000 crore and reduce Rs 18,000 crore debt on Reliance Capital books. The deal may lead to open offer for retail investors. Reliance Capital, which owns Reliance Mutual Fund, will off-load the stake to Nippon Life at much higher price to the current market due to the control premium being given to the joint venture partner. (BL).
Piramal Enterprises Ltd (PEL) on Thursday said its pain relief tablet brand Saridon has been exempted from the list of banned fixed dose combinations (FDCs) by the Supreme Court. In a regulatory filing, the company said the apex court has ruled in favour of Saridon, which is a heritage brand from its healthcare product portfolio. (BL).
AU Small Finance Bank entered into an agreement with ACKO General Insurance to act as a corporate agent for insurance products. (BQ).
NHPC and Neyveli Lignite Corporation (NLC) have signed a power trading agreement to trade surplus power. (BL).
Global biopharmaceutical major AstraZeneca and IT industry body Nasscom on Thursday joined hands to set up an accelerator programme to support Indian start-ups in healthcare. (BL).
Kesoram Industries Ltd is expecting the demerger of its tyre business into a separate company — Birla Tyres Ltd (BTL) — to be complete by July. It is hopeful of getting the in-principle clearance from the Securities and Exchange Board of India (SEBI) by the month-end. (BL).
Consumer electronics major Panasonic India is eyeing 15 per cent growth in air conditioners sales to Rs 1,400 crore in the next fiscal driven by new premium products, a company official said. (BL).
The government has asked state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) to sell out 66 of their small oil and gas fields to private firms as it brought in a new policy to boost domestic production and cut imports, Petroleum Minister Dharmendra Pradhan said Thursday. (ET).
Kaveri Seed clarified that the government of Andhra Pradesh had suspended the licenses of 14 Seed Companies including the Kaveri Seed Company on Jan. 28. The Company said it will have no impact on the budgeted sales of the company. (BQ).
Bharat Electronics signed a teaming agreement with Hughes India to provide satellite communication solutions for helicopter. The company also signed MoU with JSR Dynamics for manufacture and sale of Glide Weapons and Light Weight Cruise Missiles. (BQ).
ING Group will offload around 1.20% stake in Kotak Mahindra Bank via block deal. There are expectations that the offer price will be at 3-5% discount to the Thursday’s closing price of Rs.1288.9. ING Mauritius Investments was holding 3.06% stake as of December 31, 2018. (BQ).
According to a media news SBI and PNB has agreed to provide Rs.500Cr emergency funding to Jet Airways. (BQ).
Economy and Sector News
Retirement fund body EPFO has decided to provide 8.65 per cent interest on PF deposits for 2018-19 against 8.55 per cent in the last year to its 6 crore subscribers, Labour Minister Santosh Gangwar said on Thursday. (BL).
The Monetary Policy Committee has noted the “weakened growth momentum” amidst inflation cooling off to lower the key policy rates to create a “congenial environment” for growth, the Reserve Bank explained on Thursday as the reasons for the surprise rate cut earlier this month. In more news, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are sound and it is on the way to becoming a USD 5 trillion economy soon. (BL).
Foreign direct investment (FDI) into India contracted by 7 per cent to USD 33.49 billion during April-December in the current fiscal, according to commerce and industry ministry data. Foreign fund inflows during April-December 2017-18 stood at USD 35.94 billion. The key sectors that received the maximum foreign investment during the nine months of the fiscal include services (USD 5.91 billion), computer software and hardware (USD 4.75 billion), telecommunications (USD 2.29 billion), trading (USD 2.33 billion), chemicals (USD 6.05 billion), and the automobile industry (USD 1.81 billion). (BL).
* 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 fell in thin trading on Thursday, while Treasuries declined as investors grappled with the latest twists in global trade and weaker-than-expected economic data. The Dow Jones Index closed at 25851, down 104 points by 0.40%. The Standard & Poor’s 500 index closed at 2,775, down 9.52 points by 0.35%. The Nasdaq Composite Index closed at 7,460, down 29.36 points by 0.39%.

FTSE 100

UK markets fell on Thursday, as mining and energy names tugged on the broader FTSE 100. Investors digested mixed political signals, including the latest trade developments between the U.S. and China. The FTSE 100 index closed at 7,167, down 61.23 points by 0.85%.

 
 
Global Indices
21/02/2019 Clsg Chg%
Dow Jones 25851 -0.40
NASDAQ 7,460 -0.39
FTSE 100 7,167 -0.85
Bovespa 96,610 +0.07
22/02/2019 Latest
(8:56 AM IST)
Chg%
Nikkei 21375 -0.42
Hang Seng 28,551 -0.27

Nikkei

Asian stocks started trading on Friday morning on a negative note as investors will continue watching the US markets and other global events closely. Nikkei is currently trading at 21,374, down 89.46 points by -0.42%.

Precious Metals

Gold declined 0.8 percent to $1,336.90 an ounce on Friday.

Base Metals

Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday February 21, with positive steps in US-China trade talks doing little to support slumping prices although both copper and nickel futures held ground.

Crude Oil

West Texas Intermediate crude fell 0.3 percent to $57.01 a barrel on Friday, the first retreat in more than a week.

 
 

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