Morning Notes |
28th Jun, 2019 |
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Trading Range:
Nifty opened gap up at 11861 on Thursday and made a high and low of 11911 and 11821 respectively before closing negative at 11842.
Review/Outlook:
For the day, support for the Nifty exists at 11770 and 11690 levels whereas resistance for Nifty stands at 11920 and 12000 levels.
Review/Outlook:
Bank Nifty opened up down at 31192, made a high of 31491, made a low of 31159, and closed positive at 31270. For the day, support for Bank Nifty exists at 31100 and 30900 whereas resistance for Bank Nifty stands at 31500 and 31700 levels. |
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Benchmark Indices |
Index |
Clsg |
Chg% |
Sensex |
39,586 |
-0.01 |
Nifty |
11,842 |
-0.05 |
BSE 200 |
4,947 |
+0.10 |
BSE Midcap |
14,853 |
+0.36 |
BSE Smallcap |
14,249 |
+0.53 |
Dow Jones |
26,527 |
-0.04 |
NASDAQ |
7,968 |
+0.73 |
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DERIVATIVES INDICATORS FOR JUN 28, 2019:
NIFTY |
11841.55 (-6.00) (-0.05%) |
NIFTY JUL FUTURE |
11908.85 (67.30 Points Premium) |
NIFTY PCR - OI |
1.51(-0.09) |
NIFTY OPEN INTEREST |
1.92Cr. (-12.93%) |
INDIA VIX |
14.64 (-0.71%) |
NIFTY ROLLOVER |
80% |
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NIFTY OPTIONS ACTIVITY (25-JUL SERIES)
CALL |
11900 CE +2.01 lac Shares |
CALL |
12000 CE +1.43 lac Shares |
PUT |
11800 PE +3.25 lac Shares |
PUT |
11900 PE +2.01 lac Shares |
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Sectoral Indices (BSE) |
Index |
Clsg |
Chg% |
Auto |
18,009 |
+1.15 |
Bankex |
35,179 |
+0.49 |
PSU |
7,852 |
+0.32 |
Healthcare |
12,883 |
+0.10 |
IT |
15,702 |
-0.76 |
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Market Turn Over (`cr) |
Index |
27/06 |
26/06 |
BSE Cash |
2,727 |
8,726 |
NSE Cash |
43,234 |
32,451 |
NSE F&O |
2,655,699 |
1,338,979 |
BSE Delivery % |
43.01 |
37.04 |
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Advances / Decines BSE Cash |
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Adv(%) |
Dec(%) |
BSE 100 |
58.42 |
40.59 |
BSE 200 |
58.21 |
40.80 |
BSE 500 |
58.28 |
40.52 |
Total BSE |
51.59 |
42.32 |
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Commodities, Forex & Debt |
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Clsg |
Chg% |
Crude Oil NYMEX $ bl |
59.32 |
-0.19 |
Gold Rs./ 10 Gms |
34175.00 |
-0.62 |
Silver Rs./ Kg |
37542.00 |
-0.85 |
Rs.- US $ |
69.07 |
-0.29 |
Rs.- Euro |
78.53 |
-0.33 |
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FII (Rs cr ) |
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27/06* |
26/06* |
FIIs |
+200.00 |
+2419.91 |
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 |
1,13,218.00 |
8,897.27 |
79,781.00 |
6,225.96 |
1,82,843.00 |
15,299.80 |
2,671.31 |
Index Options |
84,07,487.00 |
4,10,215.46 |
84,12,301.00 |
4,08,415.58 |
3,65,115.00 |
30,642.65 |
1,799.88 |
Stock Futures |
3,91,621.00 |
24,450.01 |
3,75,026.00 |
23,309.99 |
12,67,352.00 |
81,976.59 |
1,140.02 |
Stock Options |
46,647.00 |
3,045.62 |
45,509.00 |
2,970.82 |
8,337.00 |
519.50 |
74.80 |
Total |
89,58,973.00 |
4,46,608.36 |
89,12,617.00 |
4,40,922.35 |
18,23,647.00 |
1,28,438.55 |
5,686.01 |
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Corporate News |
Larsen & Toubro (L&T) Hydrocarbon Engineering Thursday said it has won twin orders from Oil & Natural Gas Corporation (ONGC) for work in the western offshore basin. (BL). |
Tata Group’s unit making chemicals in the UK plans to build the country’s first industrial-scale carbon capture project. The 16.7 million pound ($21 million) facility in Northwich, England, is to start working in 2021, Tata said in a statement. It will draw in CO2 created by burning fossil fuels and use it to make sodium bicarbonate, an ingredient in the food and pharmaceuticals industries. (ET).
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Social Alpha on Thursday said it has partnered with BIRAC and Mphasis to scout for 10 startups working on assistive technology solutions aimed at differently-abled persons. The company will also offer them financial support of up to Rs 20 lakh each. (BL). |
Reliance Infrastructure on Thursday said the sale of its entire stake in the Delhi-Agra Toll Roadway to Singapore-based Cube Highways will be completed by the end of August 2019. (ET). |
It has been nearly eight years since a legal logjam stalled the construction of NHPC’s 2,000 MW lower Subansiri hydel power project in Assam. But NHPC has rolled out a livelihood intervention project. NHPC has a limited budget of Rs.30 crore for this, expandable to Rs.100 crore. (ET). |
Godrej Consumer Products Ltd (GCPL), which entered the professional hair-care market nearly two years back, is eyeing a 25 per cent market share and a turnover of Rs.300 crore in the next three years. (BL). |
Travel and tour company Cox & Kings Thursday said it has defaulted on the payment of commercial papers due to cash flow mismatch and a situation exacerbated by rating downgrade. (ET). |
Drug major Sun Pharmaceutical Industries Thursday said one of its wholly owned subsidiaries has entered into a licensing agreement with a subsidiary of China Medical System Holdings for the development and commercialisation of its dermatology products. (BL). |
Axis Bank is considering raising at least $1.3bn through a share sale to institutional investors, as per media reports. (BL). |
Sunteck Realty Ltd, India’s Premium Real Estate Developer is gearing to create a large portfolio with an investment of Rs5,000cr in commercial and retail properties over the next 4 years. (ET). |
US pharmaceutical firm Gilead is not living up to its promise of supplying the life-saving anti-fungal drug liposomal amphotericin B (LAmB) at cheaper rates, the non-profit MSF (Médecins Sans Frontières, or Doctors Without Borders) has said. (ET). |
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Economy and Sector News |
E-commerce player Flipkart on Thursday said it plans to introduce electric vehicles for its last mile deliveries. Flipkart aims to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020, starting with nearly 160 electric vans to be deployed across cities by this year-end. It Flipkart will also be working closely with the various manufacturers in this field to get the right designs suitable for e-commerce deliveries, a statement from the company said. (BL). |
Max India on Thursday said it has approved divestment of its entire stake of over 85 per cent in subsidiary firm Pharmax Corporation Ltd to a wholly-owned subsidiary of group firm Max Ventures and Industries Ltd (MVIL) for Rs 61.2 crore. (ET).
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Max India on Thursday said it has approved divestment of its entire stake of over 85 per cent in subsidiary firm Pharmax Corporation Ltd to a wholly-owned subsidiary of group firm Max Ventures and Industries Ltd (MVIL) for Rs 61.2 crore. (BL). |
India's monsoon rains were 24 per cent below average in the week ended June 26, the Indian Meteorological Department (IMD) said on Thursday, as the seasonal rainfall was scanty over central and western parts of the country. (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 ended on a mixed note on Thursday, as traders held out hope that the world's two largest economies could finally call a truce on their ongoing trade war. The Dow Jones Index closed at 26,527,
down 10.24 points by 0.04%. The Standard & Poors 500 index closed at 2,925, up 11.14 points by 0.38%. The Nasdaq Composite Index closed at 7,968, up 57.79 points by 0.73%.
FTSE 100
UK markets dipped on Thursday as nerves crept in ahead of the G20 meeting scheduled for over the weekend and as a raft of companies wen ex-dividend. The FTSE 100 index closed at 7,402, down 14.06 points by 0.19%. |
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Global Indices |
27/06/2019 |
Clsg |
Chg% |
Dow Jones |
26,527 |
-0.04 |
NASDAQ |
7,968 |
+0.73 |
FTSE 100 |
7,402 |
-0.19 |
Bovespa |
100,724 |
+0.04 |
28/06/2019 |
Latest
(7:48AM IST) |
Chg% |
Nikkei |
21,250 |
-0.41 |
Hang Seng |
28,502 |
-0.42 |
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Nikkei
Asian stocks edged higher early on Friday morning as investors clung on to hopes that a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions. Nikkei is currently trading at 21,250, down 88.07 points by 0.41%.
Precious Metals
The uncertainty over global trade saw gold rebound on Friday after dipping below $1,400 per ounce on Thursday. Spot gold XAU= was last traded at $1,414.72 per ounce, up 0.38%.
Base Metals
Nickel’s three-month price on the London Metal Exchange was higher at the close of trading on Thursday June 27, up by about 2% amid continued buying momentum, with positive US GDP figures shoring up commodity investments.
Crude Oil
Oil prices were steady on Friday, with focus shifting to the G20 summit where a scheduled meeting between U.S. President Donald Trump and Chinese President Xi Jinping has stirred hopes that trade tensions could ease. |
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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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