Morning Notes
02nd Mar, 2020
 

Trading Range:

Nifty opened gap down at 11382 on Friday and made a high and low of 11385 and 11175 respectively before closing negative at 11202.

Review/Outlook:

For the day, support for Nifty exists at 11100 and 11000 levels whereas resistance for Nifty stands at 11380 and 11500 levels.

Review/Outlook:

Bank Nifty opened a gap down at 29502, made a high of 29564, low of 29052, and closed negative at 29147. For the day, support for Bank Nifty exists at 28800 and 28300 levels whereas resistance for Bank Nifty stands at 29600 and 30000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,297 -3.64
Nifty 11,202 -3.71
BSE 200 4,718 -3.67
BSE Midcap 14,600 -3.13
BSE Smallcap 13,709 -3.52
Dow Jones 25,409 -1.39
NASDAQ 8,567 +0.01
 

DERIVATIVES INDICATORS FOR MAR 02, 2020:

NIFTY 11201.75 (-431.55) (-3.71%)
NIFTY MAR FUTURE 11149.25 (52.60 Points Discount)
NIFTY PCR - OI 1.10 (-0.27)
NIFTY OPEN INTEREST 1.67 Cr. (+10.21%)
INDIA VIX 23.23 (+30.79%)
NIFTY ROLLOVER 9%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 11300 CE +7.52 lac Shares
CALL 11500 CE +10.16 lac Shares
PUT 11200 PE +2.91 lac Shares
PUT 11000 PE +3.12 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,569 -3.78
Bankex 33,416 -3.65
PSU 5,88 -4.08
Healthcare 13,480 -3.28
IT 14,987 -5.61
 
Market Turn Over (`cr)
Index 28/02 27/02
BSE Cash 8,355 2,373
NSE Cash 57,379 40,313
NSE F&O 1,004,045 3,432,313
BSE Delivery % 80.23 44.64
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 2.97 96.04
BSE 200 6.47 93.03
BSE 500 7.58 92.22
Total BSE 15.46 79.12
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 44.76 -4.95
Gold Rs./ 10 Gms 41397.00 -2.33
Silver Rs./ Kg 43979.00 -4.77
Rs.- US $ 72.16 +0.63
Rs.- Euro 79.59 +1.04
FII (Rs cr )
28/02* 27/02*
FIIs -3064.85 -3132.32
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       93,479.00       6,961.01    1,13,705.00       8,592.49    2,08,001.00     16,511.05  (1,631.48)
Index Options  24,00,162.00  1,68,603.02  24,00,794.00  1,68,775.38    6,03,591.00     48,359.02     (172.36)
Stock Futures    3,54,337.00     22,518.57    3,20,295.00     20,400.60  14,17,283.00     85,733.43   2,117.97
Stock Options       80,617.00       5,555.12       79,661.00       5,499.14       35,686.00       2,250.68        55.98
Total  29,28,595.00  2,03,637.72  29,14,455.00  2,03,267.61  22,64,561.00  1,52,854.18      370.11
Corporate News
Auto companies announced sales numbers for Feb 2020. On a YoY basis, Maruti recorded sales decline of 1%, Honda Cars reports sales decline of 46%, Tata Motors sales dropped by 34%, and M&M sales dropped by 42%. Other auto companies are due to announce their numbers during this week. (BL).
Mining baron Anil Agarwal, who was among the first to evince interest in bidding for Bharat Petroleum Corp Ltd (BPCL), says valuation of the firm is too high and his company Vedanta will evaluate bidding for it when the final bid document is out. (ET).
Coal India Ltd is likely to register a 13 per cent on-year rise in production in February to 66 million tonnes, sources said on Saturday. Coal India Ltd is likely to register a 13 per cent on-year rise in production in February to 66 million tonnes, sources said on Saturday. (BL).
Hero MotoCorp Ltd on Saturday said it has inaugurated the first-ever training centre for women at Industrial Training Institute (ITI) at Ambala in Haryana. (ET).
State-run power producer NTPC on Saturday said its 800 MW unit of Darlipalli Super Thermal Power Station in Odisha will start commercial operation from midnight. In a regulatory filing, NTPC said the 800 megawatt (mw) unit of Darlipalli Super Thermal Power Station Stage-I (2 x 800 MW) is declared on commercial operation with effect from 00:00 hrs, of March 1, this year. (BL).
Alok Industries Ltd on Saturday allotted 83.33 crore equity shares of Rs.1 each at a premium of Rs.2 per equity share for cash at a total consideration of Rs.250 crore to Reliance Industries Ltd (RIL). Pursuant to this acquisition, RIL will hold 37.7 per cent equity share capital of the Mumbai-headquartered integrated textile manufacturer. (ET).
The Supreme Court on Friday will hear the Bhushan Power and Steel promoter Sanjay Singal petition against JSW Steel taking over the bankrupt company. (BL).
Dr Reddy’s Laboratories on Friday said the US health regulator has issued a Form 483 with two observations after inspecting one of its formulation plants in Hyderabad. In a regulatory filing, the drug major said the US Food and Drug Administration (USFDA) completed audit of its formulations manufacturing plant - 3 at Bachupally, Hyderabad on Friday. (ET).
Tata Steel said on Friday it continues to combat counterfeit materials. The company’s officials, with the help of the Maharashtra police, conducted a raid on a retail outlet called A One Steel Traders in the Vasai area of Palghar district on Wednesday, it said. (BL).
The Centre has allowed GAIL to exit as a unit from the Cochin Port Trust Special Economic Zone (CSEZ) in Puthuvypeen, Ernakulam, after repaying the duty benefits it has availed so far, as it failed to meet the requirement of being a net foreign exchange earner (NFE). (BL).
Economy and Sector News
Religare Enterprises on Saturday said it has acquired additional 14.36 per cent stake in Religare Finvest Ltd (RFL) from private equity investors. Post the acquisition, RFL has become a wholly-owned subsidiary of the company from February 28, it said in a BSE filing. In more news, Reliance Industries Chairman Mukesh Ambani called on Andhra Pradesh Chief Minister YS Jagan Mohan Reddy at the CM’s Camp Office in Tadepalli near Vijayawada on Saturday. (BL).
India’s fiscal deficit touched 128.5 per cent of the whole-year Budget target in January-end, the Controller General of Accounts (CGA) said on Friday. The deficit during the same period during 2018-19 was 121.5 per cent of that year’s Revised Budget Estimate (RE). In actual terms, the fiscal deficit or gap between the expenditure and revenue stood at Rs.9,85,472 crore. The government had targeted to restrict the fiscal deficit at Rs.7,66,846 crore during the year ending March 31, 2020. In more news, the Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 137.5 in January 2020, which increased by 2.2% as compared to the index of January 2019. Its cumulative growth during April 2019 to January 2020 was 0.6%. (ET).
The domestic price of aviation turbine fuel (ATF) dropped by around 10 per cent on Sunday but there was no word on domestic airlines cutting fares. The latest decline is said to be the biggest fall in ATF prices in the last four or five months, airline officials said. Domestic airlines declined to comment on the ATF price dip, claiming that they had not received any official notification. Till about 6 pm, the IOC website was showing prices in rupees per kilolitre for domestic and international airlines, which was applicable from February 1 this year. (BL).
India’s crude steel production registered a decline of 3.26 per cent to 9.288 million tonnes (MT) in January this year, according to World Steel Association (worldsteel). The country had produced 9.591 MT of crude steel during the corresponding month last year, the global industry body said in its latest report. Crude steel production for the 64 countries reporting to the association was 154.4 million tonnes (MT) in January 2020, a 2.1 per cent increase compared to January 2019, the report said. The world’s largest steel producing country, China, reported a crude steel output of 84.3 MT in January, an increase of 7.2 per cent compared to the year-ago period. Japan produced 8.2 MT of crude steel in the period under consideration, down 1.3 per cent from January 2019. (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 turned in a somewhat mixed performance on Friday, with the Dow Jones and S&P 500 registering their worst weekly performances since the Global Financial Crisis in 2008. The Dow Jones Index closed at 25,409, down 357.28 points by 1.39%. The Standard & Poors 500 index closed at 2,954 down 24.54 points by 0.82%. The Nasdaq Composite Index closed at 8,567, up 0.89 points by 0.01%.

FTSE 100

UK markets finished well below the waterline to round off a week of heavy losses on Friday, as investors remained wary of what news headlines the weekend could bring, amid concern that a coronavirus-fuelled global economic recession might be on the cards. The FTSE 100 index closed at 6,580, down 215.79 points by 3.18%.

 
 
Global Indices
28/02/2019 Clsg Chg%
Dow Jones 25,409 -1.39
NASDAQ 8,567 +0.01
FTSE 100 6,580 -3.18
Bovespa 104,172 +1.15
02/03/2020 Latest
(7:48AM IST)
Chg%
Nikkei 21,143 -3.67
Hang Seng 26,130 -2.42

Nikkei

Asian share markets started trading early in the morning on Monday on a negative note as the investors will be closely watching the US markets. Nikkei is currently trading at 21,143, down 805.27 points by 3.67%.

Precious Metals

Gold futures dropped by nearly 5% on Friday, suffering the sharpest daily slide since June 2013.

Base Metals

The London Metal Exchange three-month lead price slipped below $1,800 per tonne temporarily on Friday February 28, on a day that saw just over 6,000 lots traded.

Crude Oil

Oil futures finished sharply lower on Friday, with U.S. benchmark prices down over 16% for the week, the largest weekly decline in more than 11 years, with the spread of the COVID-19 epidemic around the world expected to significantly dent demand for crude.

 
 
 

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