Daily Newsletter
NSE Intra-day chart (09 August 2019)
Top Gainers
Company NameClose% Change
Top Losers
Company NameClose% Change
World Indices
IndicesLast Trade% Change
IndicesLast Trade% Change
FII Activity(Rs. Cr)
DateMarketGross PurchaseGross SalesNet Change
DII Investments(Rs. Cr)
DateBuy ValueSale ValueNet Value
Market Commentary 13 August 2019
Benchmarks to make a positive start; CPI data eyed


Extending previous session's strong gains, Indian equity indices closed the Friday's session on a positive note. Markets made an optimistic start of the day, amid reports that the government is likely to withdraw higher surcharge on foreign portfolio investors (FPIs). In this regard, Finance minister Nirmala Sitharaman will meet market participants, including senior officials of foreign portfolio investors and mutual funds, later in the day to ascertain views on current issues relating to financial markets. Some support also came after India Inc said the government has assured to take action soon to revive the industry and push economic growth, which is showing signs of a slowdown. Finance Minister Nirmala Sitharaman & ministry officials met captains of the industry to deliberate upon the issues about the economy and sagging industrial growth. Sentiments remained positive, as Agriculture Minister Narendra Singh Tomar said that the deficit in southwest monsoon has narrowed and the sowing of summer (Kharif) crops is progressing well across the country. Firm trade persisted during the whole day, supported by report that the Confederation of All India Traders (CAIT) launched an initiative Digi Vyapari-Safal Vyapari, to accelerate acceptance of digital payments among merchants across the country. For this initiative, CAIT partnered with HDFC Bank, Mastercard, Common Service Centres (CSCs) of Ministry of Electronics and Information Technology (Meity) and Global Linkers. The street paid no heed towards Ind-Ra's latest report stating that the huge Rs 3 trillion capital infusion by the government into Public Sector Banks (PSBs) between FY14 and FY19 has helped them cut losses but has failed to contribute meaningfully to credit growth. Finally, the BSE Sensex gained 254.55 points or 0.68% to 37,581.91, while the CNX Nifty was up by 77.20 points or 0.70% to 11,109.65.


The US markets end in red with cut of over one percent on Monday on lingering worries over US-China trade tensions and continued unrest in Hong Kong. President Donald Trump recently indicated he feels no sense of urgency to resolve the dispute. Trump said last Friday that he is not ready to make a deal with China and suggested the US could skip the next round of trade talks in September. Trump denied that Americans are paying the price for his trade war with China, arguing that Beijing's efforts to depress their currency prove that the Chinese are paying for it. Besides, concerns about the impact of increasingly violent protests in Hong Kong also weighed on markets, with the Hong Kong International Airport canceling all departing flights due to the disruption caused by protesters. The pro-democracy demonstrations in Hong Kong have intensified following allegations of unnecessary police violence. On the economic front, the German think tank ifo said in a report that an intensification of trade tensions, especially between the US and China, is having considerable adverse effects on the world economy. The ifo World Economic Climate indicator dropped to -10.1 in the third quarter from -2.4 in the previous three months. In the first quarter, the reading was -13.1. The current situation index of the survey fell to -5.4 from 1.4 in the previous quarter. The reading was the weakest since January 2017, when it was in negative territory last time. The expectations measure dropped to -14.7 from -6.1. In the first quarter, the reading was -27.7. Dow Jones Industrial Average plunged 389.73 points or 1.48 percent to 25897.71, Nasdaq dropped 95.73 points or 1.20 percent to 7863.41 and S&P 500 was down by 35.56 points or 1.22 percent to 2883.09.


Crude oil futures end higher on Monday, appearing to shrug off worries over global economic growth that has been fanned by the deepening US-China trade war. Crude oil prices, after dropping around 15% over the past month of trading to seven-month lows last week appear to have stabilized, albeit temporarily, over the past couple of trading days as traders balance fears of slowing demand growth against expectations of tightened supplies on account of producer output cuts and reduced Iranian and Venezuelan exports and fears of potential supply disruption in the Persian Gulf. Benchmark crude oil futures for September gained 28 cents or 0.5 percent to settle at $54.78 a barrel on the New York Mercantile Exchange. October Brent added 14 cents or 0.2 percent to settle at $58.65 a barrel on London's Intercontinental Exchange.


Indian rupee ended marginally weaker against the US dollar on Friday, due to increased demand of the greenback from the importers and the banks. Investors remained concerned ahead of key macro data - index of industrial production (IIP) for June scheduled to be released later today. However, losses remain capped as traders found some support with Finance Minister Nirmala Sitharaman assuring industry leaders that the RBI and the government are on the 'same page' and making efforts to boost the economy. On the global front, Sterling has hit a near-ten year low against the euro after data unexpectedly showed that British gross domestic product contracted in the second quarter for the first time since 2012. Finally, the rupee ended at 70.78, 9 paise weaker from its previous close of 70.69 on Thursday.


The FIIs as per Friday's data were net sellers in equity segment, while they were net buyers in debt segment, In equity segment, the gross buying was of Rs 5451.77 crore against gross selling of Rs 6517.36 crore, while in the debt segment, the gross purchase was of Rs 1674.11 crore with gross sales of Rs 1162.28 crore. Besides, in the hybrid segment, the gross buying was of Rs 3.52 crore against gross selling of Rs 4.76 crore.


The US markets declined on Monday, dragged down by financial shares, as investors fled riskier assets on fears that a drawn-out trade war between the US and China could force the global economy into recession. Asian markets are trading in red on Tuesday amid fears about a drawn out Sino-US trade war, protests in Hong Kong. Indian markets ended higher for second straight session on Friday as the sentiment turned positive on strong buzz that the government may axe higher foreign portfolio investment (FPI) tax. Markets remain closed on Monday on account of Bakrid. Today, the start of the truncated week is likely to be in green as investors looking for the development over expected measures to revive economy as well as the roll-back of super-rich tax. Traders will also be looking to the macroeconomic data including CPI inflation and balance of trade for the month of July to be release later in the day. Some support will come with report that the government is working on a set of measures to remove friction points in the economy with a view to ensuring easy availability of funds to productive sectors and stimulate overall growth. Besides, the government is working on a proposal to allow 100 percent FDI in contract manufacturing with a view to attract overseas investments. According to the existing foreign investment policy, 100 percent foreign direct investment (FDI) is permitted in the manufacturing sector under the automatic route. However, some cautiousness may come in amid weakness in global markets. There may be some concern with report that continuing with their selling spree, foreign investors pulled out a net amount of Rs 9,197 crore in just seven trading sessions in August due to unconducive domestic and global factors. According to latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 11,134.60 from equities while pumping in Rs 1,937.54 into the debt segment during August 1-9, taking the total net withdrawal to Rs 9,197.06 crore. Meanwhile, SEBI has said investment provisions for domestic Alternative Investment Funds (AIFs) will also be applicable for such entities operating in international financial services centre (IFSC). There will be some buzz in the power stocks with report that average spot power price is likely to be around Rs 3.40 per unit in August on account of higher supplies especially from hydro and wind energy segments. Also, coal stocks will be in focus with report that the country's coal imports increased by 28.7 percent to 24.14 million tonnes in June on the back of softening of non-coking coal prices in the international markets.


Support and Resistance: NSE (Nifty) and BSE (Sensex)



Previous close



NSE Nifty




BSE Sensex





Nifty Top volumes




Previous close (Rs)

Support  (Rs)

Resistance (Rs)

(in Lacs)

Yes Bank





Tata Motors





Indiabulls Housing Finance
















  • Tech Mahindra and BlockApps have entered into partnership to accelerate the adoption of blockchain business networks. 
  • HCL Technologies' UK subsidiary has picked up minority stake in London-based Kalido. 
  • Bajaj Finserv is offering water purifier insurance to safeguard finances against losses resulting from breakdown or damage to water filter. 
  • Maruti Suzuki India has opened bookings for its premium MPV, the XL6 at NEXA showrooms across the country.
News Analysis