Morning Notes |
21st Aug, 2019 |
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Trading Range:
Nifty opened gap up at 11064 on Tuesday and made a high and low of 11076 and 10985 respectively before closing negative at 11017.
Review/Outlook:
For the day, support for Nifty exists at 10940 and 10880 levels whereas resistance for Nifty stands at 11070 and 11140 levels.
Review/Outlook:
Bank Nifty opened gap down at 28164, made a high of 28215, low of 27840, and closed negative at 27982. For the day, support for Bank Nifty exists at 27800 and 27600 levels whereas resistance for Bank Nifty stands at 28200 and 28400 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
37,328 |
-0.20 |
Nifty |
11,017 |
-0.33 |
BSE 200 |
4,593 |
-0.40 |
BSE Midcap |
13,437 |
-0.60 |
BSE Smallcap |
12,570 |
-0.62 |
Dow Jones |
25,962 |
-0.66 |
NASDAQ |
7,949 |
-0.68 |
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DERIVATIVES INDICATORS FOR AUG 21, 2019:
NIFTY |
11017.00 (-36.90) (-0.33%) |
NIFTY AUG FUTURE |
11028.10 (11.10 Points Premium) |
NIFTY PCR - OI |
1.12(-0.05) |
NIFTY OPEN INTEREST |
2.17Cr. (+2.47%) |
INDIA VIX |
16.46 (-1.74%) |
NIFTY ROLLOVER |
15% |
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NIFTY OPTIONS ACTIVITY (29-AUG SERIES)
CALL |
11000 CE +1.27 lac Shares |
CALL |
11100 CE +2.08 lac Shares |
PUT |
11000 PE +0.52 lac Shares |
PUT |
10900 PE +0.71 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
15,841 |
+1.18 |
Bankex |
31,654 |
-0.75 |
PSU |
6,398 |
-1.32 |
Healthcare |
12,528 |
-0.14 |
IT |
15,748 |
+1.34 |
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Market Turn Over (`cr) |
Index |
20/08 |
19/08 |
BSE Cash |
2,307 |
1,825 |
NSE Cash |
29,067 |
25,422 |
NSE F&O |
1,069,260 |
873,915 |
BSE Delivery % |
40.03 |
44.60 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
31.68 |
67.33 |
BSE 200 |
28.86 |
70.65 |
BSE 500 |
30.74 |
68.66 |
Total BSE |
33.88 |
61.05 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
56.34 |
+0.23 |
Gold Rs./ 10 Gms |
38004.00 |
+0.48 |
Silver Rs./ Kg |
43941.00 |
+1.18 |
Rs.- US $ |
71.53 |
-0.54 |
Rs.- Euro |
79.37 |
-0.44 |
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FII (Rs cr ) |
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20/08* |
19/08* |
FIIs |
-265.04 |
+1318.46 |
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 |
52,093.00 |
3,635.43 |
43,649.00 |
3,131.64 |
2,93,211.00 |
23,027.26 |
503.79 |
Index Options |
31,94,325.00 |
2,06,892.50 |
31,91,367.00 |
2,06,634.36 |
7,72,550.00 |
58,797.71 |
258.14 |
Stock Futures |
2,14,995.00 |
11,811.19 |
2,29,563.00 |
12,373.16 |
15,86,388.00 |
91,426.52 |
(561.97) |
Stock Options |
98,582.00 |
5,433.22 |
97,741.00 |
5,402.67 |
1,00,967.00 |
5,535.56 |
30.55 |
Total |
35,59,995.00 |
2,27,772.34 |
35,62,320.00 |
2,27,541.83 |
27,53,116.00 |
1,78,787.05 |
230.51 |
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Corporate News |
The new CEO at Fortis Healthcare Ltd, Ashutosh Raghuvanshi, plans to cut a fifth of costs to resuscitate India’s second-largest hospital chain after a regulator found it was defrauded of tens of millions of dollars by its former owners. (BL). |
The National Company Law Tribunal (NCLT) on Tuesday admitted an application filed by Bank of India to initiate insolvency proceedings against debt-ridden realty firm HDIL. (ET).
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Tata Consultancy Services on Tuesday reclaimed the status as the country’s most-valued company by market valuation replacing Reliance Industries Ltd. (BL). |
BG Asia Pacific Holdings (BGAPH), a wholly-owned subsidiary of Shell, has exited Mahanagar Gas. BG Asia Pacific Holdings is part of the promoter group. GAIL (India) has 3.21 crore shares, or 30.77 per cent, stake in Mahanagar Gas. In 2016, Shell took over BG Group Plc, and subsequently acquired its assets worldwide. (ET). |
The Rs.12,000-crore Emami Agrotech, part of the diversified Emami Group, is investing Rs.700 crore as cap-ex over the next 12 months. The cap-ex will go towards a Rs.500-crore greenfield plant at Kandla in Gujarat, which is expected to be operational in another 12-odd months. The remaining Rs.200 crore will go towards brownfield expansion at Haldia in West Bengal. (ET). |
In a setback to NMDC, the Karnataka government has cancelled its lease for the Donimalai iron ore mine. (BL). |
Pharma major Dr. Reddy’s Laboratories Ltd has launched Vigabatrin Powder for Oral Solution in the US market. It is a therapeutic equivalent generic version of Sabril (vigabatrin) Powder for Oral Solution approved by the US Food and Drug Administration (USFDA). (BS). |
Maruti Suzuki India (MSIL), on Tuesday announced a comprehensive five-year, 1-lakh km warranty for the diesel variants of Dzire, S-Cross, Swift and Vitara Brezza at its countrywide dealerships across 1,893 towns and cities. (ET). |
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Economy and Sector News |
Hyundai Motor India Ltd (HMIL), the country’s Smart Mobility Solutions Company and the largest exporter on Tuesday launched the all-new Grand i10 Nios priced between Rs.5 lakh and Rs.8 lakh (ex-showroom, across India). (BL). |
Armed with a fresh capital infusion, India Grid Trust (IndiGrid), an infrastructure investment trust is looking to buy power transmission assets worth around Rs 8,000 crore in 10 states. (ET).
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The Coal Ministry is hopeful of domestic production from auctioned mines to reach pre-cancellation levels when the current financial year comes to an end. The Supreme Court had cancelled allocations of 208 coal blocks in August 2014. This included 42 coal producing mines. (BL). |
India recorded 39 Merger & Acquisition (M&A) deals worth $4.3 billion in July, an 2.3 times increase in deal value, but 13 per cent short in deal volume, compared with June 2019. However, compared with July 2018, the reporting period recorded a declining trend both in value and volume terms, according to a Grant Thornton report. (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 closed lower on Tuesday as market participants were focussed on the state of US-China relations and the outlook for monetary policy. The Dow Jones Index closed at 25,962,
down 173.35 points by 0.66%. The Standard & Poors 500 index closed at 2,901, down 23.14 points by 0.79%. The Nasdaq Composite Index closed at 7,949, down 54.25 points by 0.68%.
FTSE 100
UK markets finished on Tuesday as sterling snapped higher after the German Chancellor said that the European Union would have to think about "practical solutions" for the Irish Backstop question. The FTSE 100 index closed at 7,125, down 64.65 points by 0.90%. |
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Global Indices |
20/08/2019 |
Clsg |
Chg% |
Dow Jones |
25,962 |
-0.66 |
NASDAQ |
7,949 |
-0.68 |
FTSE 100 |
7,125 |
-0.90 |
Bovespa |
99,222 |
-0.25 |
21/08/2019 |
Latest
(7:40AM IST) |
Chg% |
Nikkei |
20,581 |
-0.46 |
Hang Seng |
26,232 |
+0.01 |
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Nikkei
Asian shares fell on Wednesday as fresh worries about a global recession led investors to dump risky assets, with U.S. President Donald Trump showing no signs of backing down in his trade war with China. Nikkei is currently trading at 20,581, down 95.90 points by 0.46%.
Precious Metals
Spot gold was a shade weaker at $1,506.14 an ounce on Wednesday.
Base Metals
The three-month nickel price on the London Metal Exchange continued to fall on Tuesday August 20, ending the day down by 0.3% at the afternoon kerb to $15,860 per tonne, compared with Monday’s close at $15,920 per tonne.
Crude Oil
Prices for Brent oil rose above $60 a barrel for the first time in over a week on Wednesday amid data that showed a larger-than-expected drawdown in U.S. crude inventories, but ongoing worries about a global economic recession capped gains. |
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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
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months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
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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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