Morning Notes
01st Jan, 2020
 

Trading Range:

Nifty opened negative at 12247 on Tuesday and made a high and low of 12247 and 12152 respectively before closing negative at 12168.

Review/Outlook:

For the day, support for Nifty exists at 12120 and 12050 levels whereas resistance for Nifty stands at 12250 and 12300 levels.

Review/Outlook:

Bank Nifty opened negative at 32346, made a high of 32346, low of 32109, and closed negative at 32162. For the day, support for Bank Nifty exists at 32000 and 31800 levels whereas resistance for Bank Nifty stands at 32350 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,254 -0.73
Nifty 12,168 -0.71
BSE 200 5,078 -0.59
BSE Midcap 14,968 -0.03
BSE Smallcap 13,699 +0.37
Dow Jones 28,538 +0.27
NASDAQ 8,973 +0.30
 

DERIVATIVES INDICATORS FOR JAN 01, 2020:

NIFTY 12168.45 (-87.40) (-0.71%)
NIFTY JAN FUTURE 12246.25 (77.8 Points Premium)
NIFTY PCR - OI 1.12 (-0.28)
NIFTY OPEN INTEREST 1.33 Cr. (+1.30%)
INDIA VIX 11.66 (+6%)
NIFTY ROLLOVER 8%

NIFTY OPTIONS ACTIVITY (30-JAN SERIES)

CALL 12300 CE +2.63 lac Shares
CALL 12400 CE +1.68 lac Shares
PUT 12200 PE -2.08 lac Shares
PUT 12100 PE -0.69 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,485 -0.85
Bankex 36,672 -0.53
PSU 6,956 +0.48
Healthcare 13,429 -0.21
IT 15,476 -0.64
 
Market Turn Over (`cr)
Index 31/12 30/12
BSE Cash 3,156 1,544
NSE Cash 27,940 26,901
NSE F&O 1,108,653 1,076,945
BSE Delivery % 53.95 48.30
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 23.76 75.25
BSE 200 35.82 63.18
BSE 500 46.31 51.90
Total BSE 48.89 44.04
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 61.17 -0.83
Gold Rs./ 10 Gms 39108.00 +0.35
Silver Rs./ Kg 46711.00 -0.31
Rs.- US $ 71.33 -0.01
Rs.- Euro 80.02 +0.13
FII (Rs cr )
31/12* 30/12*
FIIs +278.71 +757.73
MFs - -

*Date refers to the day of activity and not the day on which it is reported.

 
Details Buy Sell Open interest at the
end of the day
Net Position
No. of
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
Value
(Rs. Cr)
Index Futures       19,096.00       1,522.49       26,514.00       2,214.07    1,18,807.00     10,307.02     (691.58)
Index Options  27,48,391.00  1,98,386.78  27,40,056.00  1,97,654.54    5,24,510.00     44,928.99      732.24
Stock Futures    1,10,396.00       7,463.87    1,28,229.00       8,734.88  14,23,340.00     95,695.07  (1,271.01)
Stock Options       28,196.00       2,051.85       27,352.00       1,993.74       34,360.00       2,257.04        58.11
Total  29,06,079.00  2,09,424.99  29,22,151.00  2,10,597.23  21,01,017.00  1,53,188.12  (1,172.24)
Corporate News
VA Tech Wabag Ltd, a leading player in water treatment projects, has signed a Rs.1,187-crore agreement with the Government of Bihar to build sustainable wastewater infrastructure in Patna under the Namami Gange Programme. (BL).
In one of the biggest debt resolution deals outside the Insolvency and Bankruptcy Code, RattanIndia Power Ltd has done an agreement with its consortium of lenders led by PFC and SBI under which the existing principal debt of Rs.6,574 crore will be taken over by new investors, including Goldman Sachs and Varde Partners, for Rs.4,050 crore. (ET).
In a quest to unite the Indian skies, IndianOil has commissioned its 119th Aviation Fuel Station (AFS) at Agatti Island in Lakshadweep. The inaugural refuelling was done for an Alliance Air flight operating between Kochi and Agatti. (BL).
Kalpataru Power Transmission on Tuesday said that it has bagged orders worth approximately ₹979 crore in the transmission and distribution (T&D) segment and for railway electrification and gauge conversion. (BL).
NTPC Ltd has increased its total installed capacity to 58,156 MW with the commissioning of the first unit of 800 MW at the Darlipali Super Thermal Power Project in Odisha. NTPC Ltd has increased its total installed capacity to 58,156 MW with the commissioning of the first unit of 800 MW at the Darlipali Super Thermal Power Project in Odisha. (BL).
The country’s largest two-wheeler maker Hero MotoCorp on Tuesday launched BS-VI compliant version of its entry level 100 cc bike, HF Deluxe with price starting at Rs.55,925. (BS).
Engineering solutions provider Thermax Ltd on Tuesday said it has bagged Rs.431 crore order from a public-private joint venture power company for setting up two flue gas desulphurisation (FGD) systems at their thermal power plant in Jharkhand. (ET).
Economy and Sector News
Real-estate firm Salarpuria Sattva which, along with US-based PE fund Blackstone, had finalised the deal to buy Coffee Day Enterprises’ Global Village Tech Park, has decided to strengthen its ties with the PE fund. In more news, the telecom department will evaluate 5G trials for security vulnerabilities before taking a final call on the vendors who will be allowed to deploy the next generation airwaves in the country. This means the Chinese telecom equipment makers Huawei and ZTE’s battles with the government are not done and dusted yet and telcos may have trouble fixing their vendors till the final list for deployment is announced. (BL).
The Centre on Tuesday unveiled the National Infrastructure Pipeline (NIP) with projects worth Rs.102-lakh crore. It aims to ensure timely implementation of these projects — spread across 18 States and Union Territories — over the next five years. The government expects that with more and more States/UTs submitting their proposals, another Rs.3-lakh crore will be added to the total expenditure in the next few days. Of the capex to be undertaken for the infra sector, the Centre (39 per cent) and States (39 per cent) are to have an equal share, with the private sector chipping the rest (22 per cent). The Centre expects the private sector’s share to go up to 30 per cent by 2025. (ET).
The output of eight core industries contracted 1.5 per cent in November. In the same month last year, it grew 3.3 per cent. These eight industries have a combined share of over 40 per cent in the IIP (Index of Industrial Production). This means industrial growth is also expected to be subdued in November. This is the fourth continuous month of decline reported in the core industries. But November’s decline is an improvement over the 5.8 per cent contraction reported in October. In all, five sectors — electricity, steel, coal, natural gas and crude oil — have reported a decline while cement, fertiliser and refinery products posted positive growth. The steepest decline, at 5.8 per cent, was in crude oil output while fertilisers recorded highest growth at 13.6 per cent. (BL).
The Centre’s fiscal deficit for the April-November 2019 period came in at Rs.8.08-lakh crore, which is about 114.8 per cent of the fiscal year 2019-20 target of Rs.7.04- lakh crore. This is about the same level of 114.8 per cent recorded for April-November 2018-19, but much higher than the 102.4 per cent at the end of October this fiscal. For the first half this fiscal, fiscal deficit was 6.6 per cent of GDP for that period. The revenue deficit for the April-November 2019 period came in at ₹6.23-lakh crore, which is 128.3 per cent of the Budget estimate for 2019-20, official data released on Tuesday showed. In more news, India's current account deficit(CAD) excess of imports over exports contracted to 0.9 per cent of its GDP for the quarter ended September 2019, compared to a deficit of 2.9 per cent of GDP. In absolute terms, CAD a was at $ 6.3 billion or 0.9 per cent of GDP during July-September 2019, compared to $ 19.0 billion or 2.9 per cent of GDP during July-September 2018 and $ 14.2 billion (2.0 per cent of GDP) in the preceding quarter ending June 2019, according to the preliminary numbers released by the Reserve Bank of India on Tuesday. (ET).
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express
Global Markets
 

DJIA and NASDAQ Composite

US markets edged higher on Tuesday on a renewed rally fueled by trade optimism, capping off a decade of handsome returns. The Dow Jones Index closed at 28,462, down 183.12 points by 0.64%. The Standard & Poors 500 index closed at 3,221, down 18.73 points by 0.58%. The Nasdaq Composite Index closed at 8,946, down 60.62 points by 0.67%.

FTSE 100

UK markets finished the last trading session of 2019 on Tuesday lower, weighed down by another move higher in the pound and losses overnight on Wall Street as investors took profits following a year of torrid gains. The FTSE 100 index closed at 7,587, down 57.85 points by 0.76%.

 
 
Global Indices
31/12/2019 Clsg Chg%
Dow Jones 28,538 +0.27
NASDAQ 8,973 +0.30
FTSE 100 7,542 -0.59
Bovespa 115,645 -0.76
01/01/2020 Latest
(4:42AM IST)
Chg%
Nikkei - -
Hang Seng - -

Nikkei

Asian markets are closed on Wednesday on for New Year's Day holiday. The following numbers are for the previous trading session at the given time stamp. Nikkei is currently trading at 23,657, down 181.10 points by 0.76%.

Precious Metals

Gold futures Tuesday ended 2019 at the highest level since late September, after a strong rally for the precious metal produced the sharpest return in nearly a decade, despite a tandem uptrend for equity indexes.

Base Metals

Base metals complex largely lower on last day of 2019 on Tuesday as only tin bucks trend. The LME three-month aluminium price dropped by $6 on Tuesday December 31 to close at $1,810 per tonne.

Crude Oil

Oil futures ended lower Tuesday, ending a strong month and year on a low note. West Texas Intermediate crude for Feb delivery fell 62 cents or 1% to end at $61.06 a barrel, logging a monthly gain of ~11%, advancing over 34% for 2019, its strongest performance since 2016, when it posted a 45% rise.

 
 
 

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