Morning Notes |
8th Jul, 2019 |
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Trading Range:
Nifty opened gap up at 11965 on Friday and made a high and low of 11982 and 11798 respectively before closing negative at 11811.
Review/Outlook:
For the day, support for Nifty exists at 11760 and 11680 levels whereas resistance for Nifty stands at 11880 and 11950 levels.
Review/Outlook:
Bank Nifty opened gap up at 31523, made a high of 31661, low of 31323, and closed flat at 31476. For the day, support for Bank Nifty exists at 31300 and 31100 levels whereas resistance for Bank Nifty stands at 31700 and 31900 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
39,513 |
-0.99 |
Nifty |
11,811 |
-1.14 |
BSE 200 |
4,929 |
-1.20 |
BSE Midcap |
14,726 |
-1.39 |
BSE Smallcap |
14,142 |
-1.36 |
Dow Jones |
26,922 |
-0.16 |
NASDAQ |
8,162 |
-0.10 |
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DERIVATIVES INDICATORS FOR JUL 08, 2019:
NIFTY |
11811.15 (-135.60) (-1.14%) |
NIFTY JUL FUTURE |
11820.95 (9.80 Points Premium) |
NIFTY PCR - OI |
1.09(-0.04) |
NIFTY OPEN INTEREST |
1.95Cr. (+1.04%) |
INDIA VIX |
13.06 (-3.44%) |
NIFTY ROLLOVER |
8% |
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NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
CALL |
12100 CE +4.56 lac Shares |
CALL |
12000 CE +6.48 lac Shares |
PUT |
11900 PE -1.77 lac Shares |
PUT |
11700 PE +1.64 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
17,692 |
-2.83 |
Bankex |
35,341 |
+0.14 |
PSU |
7,764 |
-1.65 |
Healthcare |
12,719 |
-1.31 |
IT |
15,249 |
-2.64 |
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Market Turn Over (`cr) |
Index |
05/07 |
04/07 |
BSE Cash |
2,853 |
2,085 |
NSE Cash |
36,106 |
29,996 |
NSE F&O |
1,046,887 |
1,971,511 |
BSE Delivery % |
41.31 |
69.27 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
59.41 |
39.60 |
BSE 200 |
57.71 |
41.29 |
BSE 500 |
56.40 |
42.20 |
Total BSE |
47.58 |
45.82 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
57.66 |
+0.26 |
Gold Rs./ 10 Gms |
34583.00 |
+1.07 |
Silver Rs./ Kg |
37915.00 |
+0.37 |
Rs.- US $ |
68.45 |
-0.25 |
Rs.- Euro |
76.85 |
-0.72 |
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FII (Rs cr ) |
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05/07* |
04/07* |
FIIs |
+555.96 |
-1281.19 |
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) |
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Index Futures |
44,181.00 |
3,487.68 |
51,797.00 |
4,160.55 |
2,11,299.00 |
17,476.05 |
(672.87) |
Index Options |
27,11,140.00 |
1,99,913.77 |
27,10,747.00 |
1,99,982.02 |
4,61,880.00 |
38,651.26 |
(68.25) |
Stock Futures |
2,10,720.00 |
13,401.05 |
2,14,491.00 |
13,468.12 |
13,08,746.00 |
84,124.54 |
(67.06) |
Stock Options |
1,16,245.00 |
7,300.01 |
1,18,531.00 |
7,431.70 |
47,205.00 |
2,879.76 |
(131.69) |
Total |
30,82,286.00 |
2,24,102.51 |
30,95,566.00 |
2,25,042.39 |
20,29,130.00 |
1,43,131.61 |
(939.88) |
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Corporate News |
The National Company Law Appellate Tribunal (NCLAT) has directed the Mumbai bench of the NCLT to pass an order over the insolvency plea against 15 Videocon Group companies within next three weeks. (BL). |
Mangalore Refinery and Petrochemicals Ltd (MRPL) is planning to open 251 retail outlets in Karnataka and Kerala in the next few years, according to M Venkatesh, Managing Director of the company. (ET).
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The country’s largest car maker Maruti Suzuki India (MSI) has cut vehicle production for the fifth consecutive month in June, according to a regulatory filing. (BL). |
Murugappa Group company EID Parry has chalked out plans to tap ethanol production at its facilities. The company has obtained in-principle approval from the Department of Food and Public distribution, for its expansion under the central government scheme, extending financial assistance to mills for enhancement and augmentation of Ethanol production capacity, EID Parry said. (ET). |
The Rashtriya Ispat Nigam Ltd - Visakhapatnam steel plant Chairman and Managing Director P.K Rath on Friday launched the commissioning activities of the new coke oven battery--5 project complex with the lighting up of the chimney of the battery. (ET). |
Tata Motors-owned Jaguar Land Rover (JLR) on Friday said it plans to manufacture a range of new electrified vehicles at its manufacturing plant in UK’s Castle Bromwich, a move that would help safeguard thousands of jobs in the country. (BL). |
Sanitaryware and lighting solutions company, Jaquar Group has expanded its Bhiwadi plant for lighting in Rajasthan with an investment of Rs.150-crore. (BS). |
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Economy and Sector News |
The Union Budget 2019-20 has proposed to extend the lower rate of 25 % Corporate Tax to all companies with annual turnover up to Rs400cr. Currently, this rate is only applicable to companies having an annual turnover up to Rs250cr. Presenting the General Budget 2019-20 in the Parliament today, the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman said, “This will cover 99.3% of the companies. Now only 0.7% of companies will remain outside this rate”. In more news, The fine print of Finance Minister Nirmala Sitharaman’s Budget reveals more pain for stock market investors. The tax outgo for a large number of them, including foreign portfolio investors (FPIs), domestic and foreign individuals and companies, will increase by up to 19 per cent in terms of the long- term capital gains tax (LTCG) and the short-term capital gains tax (STCG). The effective rate of peak LTCG and STCG will be 14.25 per cent and 21.37 per cent, respectively. Currently, this peak rate is 11.96 per cent and 17.94 per cent for LTCG and STCG, respectively. (BL). |
India’s exporters and importers will have to pay more on freight as global container lines start levying a war risk surcharge ranging between $36 and $42 for shipping cargo containers to and from the Arabian Gulf transiting through the Strait of Hormuz in the wake of escalating tensions in the region. (ET).
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Above normal to normal rainfall over Central India and adjoining West Maharashtra helped lower the rainfall deficit for the country as a whole to 21 per cent till Sunday (from 33 per cent at June-end). The Northern and southern parts of the country nurse varying deficits at the end of the first week of the second monsoon month of July, which is usually the rainiest of the four months. (BL). |
Petrol price was on Saturday hiked by a minimum Rs.2.40 per litre and diesel by Rs.2.36 after Finance Minister Nirmala Sitharaman raised taxes on the fuels to part-fund her Budget for 2019-20. (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 finished slightly lower on Friday following a stronger than expected uptick in hiring last month, which called into question the speed - if not the likelihood - of interest rate cuts by the Federal Reserve over what remained of 2019. The Dow Jones Index closed at 26,922,
down 43.88 points by 0.16%. The Standard & Poors 500 index closed at 2,990, down 5.41 points by 0.18%. The Nasdaq Composite Index closed at 8,162, down 8.44 points by 0.10%.
FTSE 100
UK markets finished Friday’s session in the red, as investors digested better-than-expected US non-farm payrolls data, with miners and housebuilders under pressure. The FTSE 100 index closed at 7,553, down 50.44 points by 0.66%. |
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Global Indices |
05/07/2019 |
Clsg |
Chg% |
Dow Jones |
26,922 |
-0.16 |
NASDAQ |
8,162 |
-0.10 |
FTSE 100 |
7,553 |
-0.66 |
Bovespa |
104,089 |
+0.44 |
08/07/2019 |
Latest
(6:27AM IST) |
Chg% |
Nikkei |
21,595 |
-0.69 |
Hang Seng |
28,774 |
-0.07 |
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Nikkei
Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country’s president dismissed its central bank governor over the weekend. Nikkei is currently trading at 21,595, down 150.93 points by 0.69%.
Precious Metals
Spot gold XAU= fell 0.2% to $1,397.03 an ounce in Monday.
Base Metals
Base metals other than nickel closer lower on the London Metal Exchange on Friday July 5 in thin volumes after the release of weak macroeconomic data from the United States.
Crude Oil
Oil prices rose on Monday with Brent crude futures LCOc1, the international benchmark for oil prices, up 9 cents at $64.32 per barrel while U.S. crude added 8 cents to $57.59. |
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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
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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
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be treated as endorsement of the views expressed in the report. |
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