Morning Notes |
4th Jul, 2019 |
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Trading Range:
Nifty opened gap up at 11932 on Wednesday and made a high and low of 11945 and 11887 respectively before closing positive at 11917.
Review/Outlook:
For the day, support for Nifty exists at 11840 and 11770 levels whereas resistance for Nifty stands at 11970 and 12020 levels.
Review/Outlook:
Bank Nifty opened gap up at 31348, made a high of 31467, low of 31238, and closed negative at 31382. For the day, support for Bank Nifty exists at 31200 and 31000 levels whereas resistance for Bank Nifty stands at 31700 and 31800 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
39,839 |
+0.06 |
Nifty |
11,917 |
+0.05 |
BSE 200 |
4,979 |
+0.12 |
BSE Midcap |
14,962 |
+0.11 |
BSE Smallcap |
14,320 |
+0.26 |
Dow Jones |
26,966 |
+0.67 |
NASDAQ |
8,170 |
+0.75 |
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DERIVATIVES INDICATORS FOR JUL 04, 2019:
NIFTY |
11916.75 (+6.45) (+0.05%) |
NIFTY JUL FUTURE |
11949.20 (32.45 Points Premium) |
NIFTY PCR - OI |
1.39(-0.07) |
NIFTY OPEN INTEREST |
1.93Cr. (-0.31%) |
INDIA VIX |
13.69 (-3.89%) |
NIFTY ROLLOVER |
7% |
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NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
CALL |
12100 CE +1.02 lac Shares |
CALL |
11900 CE -0.20 lac Shares |
PUT |
11900 PE +1.38 lac Shares |
PUT |
11700 PE +1.91 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
18,139 |
-0.09 |
Bankex |
35,189 |
+0.31 |
PSU |
7,866 |
+0.55 |
Healthcare |
12,936 |
-0.09 |
IT |
15,650 |
-0.86 |
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Market Turn Over (`cr) |
Index |
03/07 |
02/07 |
BSE Cash |
1,771 |
1,638 |
NSE Cash |
27,872 |
27,769 |
NSE F&O |
980,052 |
965,185 |
BSE Delivery % |
40.68 |
35.90 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
56.44 |
41.58 |
BSE 200 |
58.71 |
40.30 |
BSE 500 |
55.49 |
43.31 |
Total BSE |
48.83 |
45.06 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
57.43 |
+0.16 |
Gold Rs./ 10 Gms |
34246.00 |
+0.60 |
Silver Rs./ Kg |
37210.00 |
+0.48 |
Rs.- US $ |
68.81 |
-0.07 |
Rs.- Euro |
77.62 |
-0.27 |
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FII (Rs cr ) |
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03/07* |
02/07* |
FIIs |
-1553.11 |
-863.03 |
MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
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Details |
Buy |
Sell |
Open interest at the
end of the day |
Net Position |
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No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
No. of
Contracts |
Value
(Rs. Cr) |
Value
(Rs. Cr) |
|
Index Futures |
20,538.00 |
1,579.53 |
20,126.00 |
1,572.16 |
1,94,499.00 |
16,303.19 |
7.37 |
Index Options |
26,26,896.00 |
1,81,834.54 |
26,29,692.00 |
1,82,077.87 |
4,39,843.00 |
36,861.19 |
(243.33) |
Stock Futures |
1,41,274.00 |
8,859.49 |
1,34,536.00 |
8,398.04 |
12,97,137.00 |
84,540.26 |
461.44 |
Stock Options |
50,529.00 |
3,038.75 |
50,176.00 |
3,025.68 |
40,471.00 |
2,523.85 |
13.06 |
Total |
28,39,237.00 |
1,95,312.30 |
28,34,530.00 |
1,95,073.76 |
19,71,950.00 |
1,40,228.50 |
238.54 |
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Corporate News |
The second largest pure play mortgage lender Indiabulls Housing Finance on Wednesday said it will buyback debt worth Rs.2,705 crore from the investors before their maturity. The company will buy back non-convertible debentures (NCDs) and masala bonds maturing this September aggregating to ₹1,375 crore which includes Rs.660 crore issued by way of a public issue. (BL). |
Hong Kong-based CLP Group’s India venture has signed a Rs.3,200-crore deal with Kalpataru Power Transmission Ltd (KPTL) and Techno Electric & Engineering Co Ltd to acquire stakes in three power transmission assets. (ET).
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South Korean consumer electronics major LG has forayed into the ceiling fan segment in the Indian market as part of efforts to strengthen its presence in the home appliances and air solutions category in the country. The company has also introduced portable mini air purifier and water purifier with stainless steel water tank in India. (BL). |
Vedanta Ltd said in a statement on Wednesday it will spend $245 million over three-fours years on exploration in the 10 blocks it has won in the second and third rounds of bids under the Open Acreage Licensing Policy (OALP). (ET). |
Press Trust of India IT services firm Mindtree on Wednesday said Larsen and Toubro (L&T) has “acquired control” of the company with a 60.06 per cent stake and has been categorised as promoter. (ET). |
Oil India Ltd (OIL) is exiting Project License-61 in Russia, but a decision has not been taken on whether to exit the shale asset in the US. (BL). |
Drug firm Lupin on Wednesday said it has received approval from the US health regulator for its generic Cinacalcet tablets used for treatment of excess parathyroid hormone. The company has received approval from the United States Food and Drug Administration (USFDA) for its Cinacalcet tablets in the strengths of 30 mg, 60 mg, and 90 mg, Lupin said in a filing to BSE. (ET). |
ICRA has downgraded the long-term rating of McLeod Russel India Limited (MRIL) to D from B- (minus) and the short-term rating has also been downgraded to D from A4. The rating downgrade comes on the back of the recent delays by the company in meeting debt obligations. (BL). |
Eris Lifesciences on Wednesday said its board has approved buyback of shares worth up to Rs 100 crore. The buyback is for 17.39 lakh shares at Rs 575 apiece. (BL). |
Pharma major Dr Reddy’s Laboratories Ltd has launched Carboprost Tromethamine Injection, a therapeutic equivalent generic version of Hemabate injection approved by the US Food and Drug Administration (USFDA). (ET). |
HDFC Ltd said in the filing that during the quarter ended June 30, 2019, the company’s profit on the sale of investments was Rs1895cr vs. nil in the previous year. This was on account of a part stake sale of equity shares in Gruh Finance Ltd. As on June 30, HDFC’s equity shareholding in Gruh stood at 47.4%. Income from dividend for the quarter ended June 30, 2019 was Rs1cr compared to Rs586cr in the previous year (which included dividend from HDFC Bank and Gruh will this year be received in the second quarter, subject to shareholder approval). (ET). |
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Economy and Sector News |
Kuwait-based Markab Capital has bought a stake of about 21 per cent in Chennai-based interiors and building solutions company Uniply Industries Ltd in a deal valued at about Rs.321 crore. The deal values BSE-listed Uniply at an enterprise value of more than Rs.1,550 crore on a fully diluted basis. In more news, the Drug Controller General of India (DCGI) has found that certain models of insulin pumps are vulnerable to hackers, who may increase or decrease doses of insulin delivery to the patient surreptitiously. The drug regulator has issued a medical device alert over four models of India Medtronic Private Ltd, a Gurugram-based company, saying that these pose a cyber-security risk to patients. (BL). |
Superzop, a B2B agri-commerce platform for small Kirana stores, has raised Rs 8 crore in pre-Series A round of funding from MS Fund of SIDBI Venture Capital Ltd, IIM Ahmedabad’s technology incubator, CIIE Initiatives and angel investor Gurumurthy Raman. In more news, the operations and management of airports at Mangaluru, Lucknow and Ahmedabad will soon be taken over by the Adani Group. The group will look after all services at these airports, barring air traffic control and communication, navigation and surveillance services. (ET).
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The country’s services sector activity in June contracted for the first time since May 2018 as weak sales, competitive pressures and unfavourable taxation hampered output, a monthly survey showed on WednesdayThe IHS Markit India Services Business Activity Index fell to 49.6 in June, down from 50.2 in May, as broadly stagnant sales caused the first drop in business activity in over a year. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. Meanwhile, the IHS Markit India Composite PMI Output Index, that maps both the manufacturing and services industry, fell from 51.7 in May to 50.8 in June — its lowest mark in over a year. (BL). |
While the import of black pepper witnessed a decline of 15.9 per cent in 2018-19, domestic production of the commodity too fell by 12.32 per cent. The Centre’s initiative to prohibit imports below a minimum price of Rs.500 a kg helped bring down imports during the year. (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
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Global Markets |
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DJIA and NASDAQ Composite
US markets trading finished on a positive note on Wednesday, continuing on from a late rally seen during the previous session. The Dow Jones Index closed at 26,966,
up 179.32 points by 0.67%. The Standard & Poors 500 index closed at 2,996, up 22.81 points by 0.77%. The Nasdaq Composite Index closed at 8,170, up 61.14 points by 0.75%.
FTSE 100
UK markets finished higher on Wednesday, with a weaker pound lending support even as investors mulled a trio of dismal UK PMIs. The FTSE 100 index closed at 7,609, up 50.13 points by 0.66%. |
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Global Indices |
03/07/2019 |
Clsg |
Chg% |
Dow Jones |
26,966 |
+0.67 |
NASDAQ |
8,170 |
+0.75 |
FTSE 100 |
7,609 |
+0.66 |
Bovespa |
102,043 |
+1.43 |
04/07/2019 |
Latest
(5:49AM IST) |
Chg% |
Nikkei |
21,638 |
-0.53 |
Hang Seng |
28,855 |
-0.07 |
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Nikkei
Asian shares started trading in the red on Thursday as the investors will be watching the US and other global markets closely. Nikkei is currently trading at 21,638, down 116.11 points by 0.53%.
Precious Metals
Gold futures notched back-to-back session gains on Wednesday, settling at their highest in over six years as expectations grew for loose global monetary policy, boosting the appeal of the yellow metal.
Base Metals
Tin’s three-month price on the London Metal Exchange climbed by more than 3% at the close of trading on Wednesday July 3, settling above the nearby $18,000-per-tonne resistance level after sliding by more than 6% at Tuesday’s close.
Crude Oil
Oil futures ended higher Wednesday after posting a roughly two-week low a day earlier, as U.S. government data showed domestic crude supplies fell a third straight week, but by a lot less than the market expected. |
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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual
Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity
Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C.
Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/
its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies
being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates
or Research analysts have no material conflict of interest, have not received any compensation/benefits for any
reason (including investment banking/merchant banking or brokera3ge services) from either the companies concerned/third
parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have
neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making
activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12
months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
have not served as an officer/director or employee of the companies being covered.
Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and
it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any
loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To
enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not
be treated as endorsement of the views expressed in the report. |
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