Morning Notes
02nd Jan, 2020
 

Trading Range:

Nifty opened gap up at 12202 on Wednesday and made a high and low of 12222 and 12165 respectively before closing positive at 12183.

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 gap up at 32238, made a high of 32348, low of 32057, and closed negative at 32103. 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 41,306 +0.13
Nifty 12,183 +0.12
BSE 200 5,085 +0.14
BSE Midcap 14,999 +0.21
BSE Smallcap 13,787 +0.64
Dow Jones - -
NASDAQ - -
 

DERIVATIVES INDICATORS FOR JAN 02, 2020:

NIFTY 12182.50 (+14.05) (+0.12%)
NIFTY JAN FUTURE 12243.80 (61.30 Points Premium)
NIFTY PCR - OI 1.15 (+0.03)
NIFTY OPEN INTEREST 1.30 Cr. (-1.80%)
INDIA VIX 11.59 (-0.60%)
NIFTY ROLLOVER 8%

NIFTY OPTIONS ACTIVITY (30-JAN SERIES)

CALL 12300 CE +1.33 lac Shares
CALL 12500 CE +1.26 lac Shares
PUT 12200 PE +1.19 lac Shares
PUT 12100 PE +2.37 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,393 -0.50
Bankex 36,574 -0.27
PSU 6,989 +0.49
Healthcare 13,464 +0.26
IT 15,570 +0.61
 
Market Turn Over (`cr)
Index 01/01 31/12
BSE Cash 1,191 3,156
NSE Cash 20,810 27,940
NSE F&O 1,124,095 1,108,653
BSE Delivery % 45.02 53.95
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 54.46 44.55
BSE 200 53.73 44.78
BSE 500 55.89 42.71
Total BSE 52.00 40.75
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 61.41 +0.57
Gold Rs./ 10 Gms 39067.00 -0.10
Silver Rs./ Kg 46665.00 -0.10
Rs.- US $ 71.32 -0.01
Rs.- Euro 80.01 -0.01
FII (Rs cr )
01/01* 31/12*
FIIs -1972.18 +278.71
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       11,883.00         893.25        8,100.00         601.12    1,16,798.00     10,171.82  292.13
Index Options  18,16,141.00  1,27,866.30  18,12,528.00  1,27,603.09    5,28,019.00     45,265.48  263.21
Stock Futures       74,213.00       5,048.15       74,285.00       5,069.56  14,23,646.00     95,550.93   (21.41)
Stock Options       21,555.00       1,560.40       20,902.00       1,517.08       36,825.00       2,423.99    43.32
Total  19,23,792.00  1,35,368.10  19,15,815.00  1,34,790.85  21,05,288.00  1,53,412.22  577.25
Corporate News
Auto companies announced sales numbers for Dec 2019. On a YoY basis, Maruti recorded sales growth of 2.5%, Tata Motors sales declined by 12%, M&M's tractor sales rose 3%, Honda Cars saw sales decline by 36%, Atul Auto records sales decline of 5.32%, and Hyundai Motor sales fell by 10%. More auto companies will be announcing results on Jan 02, 2020. (BL).
Steel Authority of India Limited (SAIL) has reported December sales at 1.68 million tonnes. A company statement said that this was the highest ever sales by the company in a month. During the nine months of financial year 2019-2020 (April 2019 to December 2019), SAIL has already supplied 9.25 lakh tonnes of rails to the Indian Railways where the entire supply of rails was 9.85 lakh tonnes during the previous financial year 2018-2019. (ET).
Energy Efficiency Services Limited is aiming to install 1,500 public charging stations in financial year 2020-21. (BL).
Leading electric two-wheeler maker Hero Electric has put on hold investment of up to Rs.700 crore by a year with the sector taking a nosedive as FAME II — the scheme aimed to promote electric vehicles — has failed to deliver, according to a top company official. (BL).
Coal India Ltd (CIL), which registered negative growth in production of the dry fuel for past few months, has posted over 7 per cent growth in December with 58 million tonne output, sources said on Wednesday. The coal behemoth had produced 54.13 million tonne in corresponding month of 2018. In the last month, the production was about 8 million tonne higher from 50.2 million tonne produced in November. According to provisional data, the miner has produced 388.39 million tonne of coal during April-December period of the current fiscal, down by 5.83 per cent from 412.45 million tonne in the first nine months of the last financial year. (BL).
Reliance Communications’ (RCom) committee of creditors (CoC) will meet on Thursday to consider bids of Reliance Jio , Bharti Airtel , Varde Partners and UVARCL. (BS).
State-owned Oil and Natural Gas Corp (ONGC) has begun an exercise to shed excess cost at the Mumbai offshore oil and gas fields of Panna-Mukta whose control it regained after two and half decades and has already saved Rs 1 crore in the shipping cost. ONGC has changed the contract for bringing oil produced from the fields lying in the Arabian Sea to land, resulting in saving of about USD 5,000 per day. (ET).
NMDC Limited, one of the country’s largest domestic miners, has achieved cumulative sales of 23.03 million tonne (mt) of iron ore in April-December 2019 from its mines at Chhattisgarh and Karnataka, a 3.8% increase over cumulative iron ore sales of 22.18 mt in April-December 2018. The state-run miner posted a marginal 0.7% rise in production of iron ore up to the month of December 2019 (Apr-Dec' 2019) at 22.01 mt, compared to a production of 21.85 mt in the same period last year. (ET).
Economy and Sector News
Consumers will have to shell out more for cooking gas, as the price of LPG was hiked by around Rs.20 a cylinder across the country on Wednesday. According to IndianOil, a 14.2 kg domestic cylinder will now cost Rs.714 in Delhi, Rs.19 more than its price in December 2019. In Mumbai, too, LPG is now costlier by Rs.19 a cylinder. In more news, Foreign direct investment into India grew 15 per cent to $26 billion during the first half of the current financial year, according to government data. Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at $22.66 billion. (BL).
Indian economy began the new year on a positive note with the gross GST revenue collections for the December coming in at Rs 1,03,184 crore. This is the second straight month when GST collections surpassed the Rs 1 lakh crore mark, raising hopes that the economy may have bottomed out from the slowdown seen in recent months. For the December 2019, the CGST stood at Rs. 19,962 crore, SGST at Rs. 26,792 crore and IGST at Rs. 48,099 crore (including Rs. 1,295 crore collected on imports) and cess at Rs. 8,331crore (including Rs. 847 crore collected on imports). The total number of GSTR 3B Returns filed for the month of November up to December 31, 2019 stood at 81.21 lakh. In more news, government on Wednesday slashed import duty on refined palmolein from 50 per cent to 45 per cent, while that on crude palm oil (CPO) from 40 per cent to 37.5 per cent with immediate effect, a move that the industry opposed saying it will hurt domestic refiners. (ET).
As many as 388 infrastructure projects, each worth Rs.150 crore or more, have been hit by cost overruns of more than Rs.4-lakh crore owing to delays and other reasons, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs.150 crore and above. Of such 1,636 projects, 388 projects reported cost overruns and 563 projects time escalation. Total original cost of implementation of the 1,636 projects was Rs.19,52,524.85 crore and their anticipated completion cost is likely to be Rs.23,53,108.80 crore, which reflects overall cost overruns of Rs.4,00,583.95 crore (20.52 per cent of original cost). (BL).
Indian Infrastructure is likely to witness a massive increase in investment with the target of Rs105 trillion to be spent over the next five years (FY2020-FY2025). At a time when the overall economic growth is slowing, increasing investment in infrastructure can be a trigger for boosting growth. The construction sector is likely to be a major beneficiary of this increased investment. Typically, infrastructure projects have a construction intensity of 60-80%, which would result in order inflows of Rs. 60 trillion to the construction sector over the next five years. (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 were closed on Wednesday on for New Year's Day holiday. The following numbers are for the previous trading session. 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 were closed on Wednesday on for New Year's Day holiday. The following numbers are for the previous trading session. The FTSE 100 index closed at 7,587, down 57.85 points by 0.76%.

 
 
Global Indices
01/01/2019 Clsg Chg%
Dow Jones - -
NASDAQ - -
FTSE 100 - -
Bovespa - -
02/01/2020 Latest
(4:42AM IST)
Chg%
Nikkei - -
Hang Seng - -

Nikkei

Asian markets are closed on Thursday for Bank Holiday 2. 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

Markets were closed on Jan 01, 2019.

Base Metals

Markets were closed on Jan 01, 2019.

Crude Oil

Markets were closed on Jan 01, 2019.

 
 
 

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