People gather in the rain as the Bandra-World Sea Link bridge stands in the background in the suburb of Bandra in Mumbai, India. (Photographer: Karen Dias/Bloomberg)
Live: Nifty Futures Suggests Positive Start; Eveready, Auto Sales In Focus
Nifty Futures Suggests Positive Start; Asian Stocks Jump
Good Morning!
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.11 percent to 11,853 as of 7:40 a.m.
Stocks in Asia climbed along with U.S. equity futures and the yuan after the American and Chinese presidents reached a truce in the trade war and agreed to resume talks.
Futures on the S&P 500 climbed as much as 1.1 percent before the strength of the risk-on trade eased as Monday trading continued. China’s offshore yuan rose and the Shanghai Composite gained 1.3 percent. Japanese shares also jumped, though South Korea’s benchmark was little changed.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell
With inputs from Bloomberg
Your Complete F&O Trade Setup
Futures
- Nifty July futures closed at 11,841.5, premium of 52 points compared to 67 points earlier.
- Nifty futures Open Interest up 1 percent, adds 94,000 shares in OI
- Bank Nifty futures closed at 31,267, premium of 162 points vs 103 points
- Bank Nifty futures across series OI down 3%, sheds 54,000 shares in OI
Options
- Nifty PCR at 1.28 versus 1.51 (across all series)
Nifty Weekly Expiry (July 4)
- Max OI on call side at 12,000 (24.2 lakh shares)
- Max OI on put side at 11,700 (13.2 lakh shares)
- OI addition seen at 11,900C (+15 lakh shares), 12,000C (+9.6 lakh shares)
Nifty Monthly Expiry (July 25)
- Max OI on call side at 12,000 (14.4 lakh shares)
- Max OI on put side at 11,500 (15.4 lakh shares)
Stocks In F&O Ban
- In ban: DHFL
Pledge Share Details: Apollo Hospitals Enterprise, Aurobindo Pharma, Zee Entertainment
- Zee Entertainment Enterprises promoter Cyquator Media Services released pledge of 4.6 lakh shares, invoked pledge of 51.47 lakh shares and revoked pledge of 25.25 lakh shares between June 20-27.
- Sical Logistics promoter Tanglin Retail Realty Developments created pledge of 5.18 lakh shares on June 19.
- Jamna Auto promoter Map Auto released pledge of 5 lakh shares on June 27.
- Aurobindo Pharma promoter Nityananda Reddy created pledge of 4.25 lakh shares on June 27.
- JSW Steel promoters created pledge of 1.23 crore shares from June 25-27.
- Apollo Hospitals Enterprise promoter and director Suneeta Reddy created pledge of 2.5 lakh shares on June 26.
- Emami promoter groups created pledge of 30.8 lakh shares from June 24-25.
- Hubtown promoter Falguni Shah invoked pledge of 2.5 lakh shares on June 27.
- Infibeam Avenues promoter Infinium Auto Mall released pledge of 10 lakh shares on June 28.
- DB Corp promoter DB Consolidated released pledge of 12.05 lakh shares on June 28.
- Cox & Kings promoter Liz Traders and Agents invoked pledge of 9.16 lakh shares on June 28.
- Sadbav Engineering promoter Shantaben Patel released pledge of 27.5 lakh shares on June 28.
- Emami promoters release pledge on 5.1 percent of their holding.
- Apollo Hospitals promoters pledge additional 0.87 percent of their holdi
Bulk Deals: Infibeam Avenues, Power Finance Corporation
- NIIT Technologies: Hulst BV acquired 3.32 lakh shares or 0.54 percent equity at Rs 1,341.31 each.
- JK Paper: Promoter JK Credit & Finance sold 13 lakh shares or 1.84 percent equity at Rs 122.35 each.
- Reliance Infra: New York State Common Retirement Fund sold 14.2 lakh shares or 0.55 percent equity at Rs 57.59 each.
Infibeam Avenues
- Maybank Kim Eng Securities acquired 76.5 lakh shares or 1.15 percent equity at Rs 44.52 each.
- Promoters Infinium Communication and Infinity Drive sold 1 crore shares or 1.5 percent equity at Rs 44.65 each.
Power Finance Corporation
- Windacre Partnership Master Fund acquired 5.59 crore shares or 2.12 percent equity at Rs 135 each.
- Morgan Stanley France sold 4.86 crore shares or 1.84 percent equity at Rs 135 each.
Stocks To Watch: Eveready Industries, Reliance Capital, Reliance Infra,Reliance Home Finance
Key Events/Data To Watch This Week
- July 1: Automakers to report sales data for June
- July 1: India Manufacturing PMI data for June
- July 3: Indian Services and Composite PMI for June
- July 4: India’s economic survey
- July 5: Finance Minister Nirmala Sitharaman to present Union Budget for 2019-20
- Boris Johnson and Jeremy Hunt campaign through the week as grassroots Conservative Party members decide who’ll be Britain’s next prime minister.
- OPEC+, a wider coalition that includes Russia, meets in Vienna Tuesday. Energy ministers from Saudi Arabia and Russia are likely to speak at the press conference following the meeting.
- U.S. celebrates the Independence Day holiday on Thursday.
- The U.S. jobs report is due Friday and is projected to show nonfarm payrolls rose by 160,000 in June, rebounding from a reading of 75,000 the month prior. The June employment situation report is also projected to show the unemployment rate held at 3.6 percent.