Morning Notes
03rd Feb, 2020

Trading Range:

Nifty opened gap down at 11939 on Friday and made a high and low of 12017 and 11633 respectively before closing negative at 11662.


For the day, support for Nifty exists at 11550 and 11470 levels whereas resistance for Nifty stands at 11760 and 11820 levels.


Bank Nifty opened gap down at 30726, made a high of 30919, low of 29753, and closed negative at 29821. For the day, support for Bank Nifty exists at 29500 and 29300 levels whereas resistance for Bank Nifty stands at 30100 and 30500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 39,736 -2.43
Nifty 11,662 -2.51
BSE 200 4,911 -2.58
BSE Midcap 15,120 -2.21
BSE Smallcap 14,345 -2.20
Dow Jones 28,256 -2.09
NASDAQ 9,151 -1.59


NIFTY 11661.85 (-300.25) (-2.51%)
NIFTY FEB FUTURE 11654.9 (-6.95 Points Discount)
NIFTY PCR - OI 0.86 (-0.18)
NIFTY OPEN INTEREST 1.47 Cr. (+22.06%)
INDIA VIX 16.83 (-3.07%)


CALL 11800 CE +9.34 lac Shares
CALL 12000 CE +8.61 lac Shares
PUT 11700 PE +4.20 lac Shares
PUT 11800 PE +4.50 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,712 -2.47
Bankex 34,161 -3.20
PSU 6,306 -3.97
Healthcare 13,734 -1.60
IT 16,095 +1.41
Market Turn Over (`cr)
Index 31/01 30/01
BSE Cash 2,205 1,852
NSE Cash 37,811 38,319
NSE F&O 1,427,192 3,120,411
BSE Delivery % 48.23 49.56
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 9.90 90.10
BSE 200 12.94 87.06
BSE 500 12.18 87.62
Total BSE 23.93 71.11
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 50.88 -1.32
Gold Rs./ 10 Gms 41248.00 +0.60
Silver Rs./ Kg 47118.00 +0.27
Rs.- US $ 71.55 -0.03
Rs.- Euro 79.28 +0.41
FII (Rs cr )
31/01* 30/01*
FIIs +625.92 -1442.25
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
(Rs. Cr)
No. of
(Rs. Cr)
No. of
(Rs. Cr)
(Rs. Cr)
Index Futures       80,575.00       5,986.52       93,052.00       7,396.27    1,82,050.00     14,756.71  (1,409.75)
Index Options  25,21,276.00  1,83,716.89  25,40,331.00  1,85,048.09    6,53,991.00     52,010.52  (1,331.20)
Stock Futures       91,493.00       6,053.88       95,410.00       6,140.61  15,00,606.00     93,794.93       (86.73)
Stock Options    1,23,150.00       8,845.21    1,23,276.00       8,855.43       43,102.00       2,735.88       (10.22)
Total  28,16,494.00  2,04,602.50  28,52,069.00  2,07,440.40  23,79,749.00  1,63,298.04  (2,837.90)
Corporate News
Auto companies announced sales numbers for Jan 2020. On a YoY basis, Maruti Suzuki’s sales grew marginally by less than 1%, Tata Motors sales dropped 18%, Hyundai’s sales dipped by 3%, M&M’s tractor sales rose 4%, and Hero MotoCorp's sales declined by 13.9%. A few more auto sales numbers are expected tomorrow. (BL).
ONGC, IOC and other oil PSUs will invest over Rs 98,521 crore in the coming fiscal starting April 1 in exploring for oil and gas, refineries, petrochemicals and laying pipelines to meet needs of the world’s fastest-growing energy consuming nation. (ET).
Greenko Group with 900 mega watts (MW) and Renew Power with 300 MW bag Solar Energy Corporation of India (SECI) reverse auction for the world’s largest renewable energy cum storage power purchase tender. The tender was for 1200 MW with 600 MW assured supply for 6 hours daily during peak demand hours was oversubscribed. (BS).
Tata Group hospitality arm Indian Hotels Company (IHCL) has added a significant number of properties to its portfolio through management contracts this financial year and will continue to scout for larger properties, including iconic assets going ahead, a top company official said. (ET).
The water and effluent treatment business of L&T Construction has bagged an EPC contract from Narmada Valley Development Authority (NVDA), Government of Madhya Pradesh to execute the Indira Sagar – Parwati Phase III & IV Lift Micro Irrigation Project. (BL).
Anil Agarwal-owned Vedanta has acquired Ferro Alloys Corporation (Facor) and its subsidiary Facor Power through the insolvency driven process. The company will pay upfront cash of Rs.10 crore and the rest ₹270 crore through Non-Convertible Debentures payable equally over four years starting March 2021. (BL).
Eveready Industries has informed the stock exchange that it has executed an ‘Agreement for Sale’ of its Hyderabad plot at Rs.100 crore. According to the notice, sale deed was executed with Nuland Technologies, for the sale of land at Moula Ali Industrial Development Area, in Hyderabad. Eveready had announced the sale in August 2019. Proceeds are likely to be used towards reduction of debt, market sources said. (BL).
Bharat Electronics Ltd (BEL), the Bengaluru-based Defence PSU, will showcase its indigenous development and R&D capabilities by launching/demonstrating new products/technologies at the 11th biennial edition of DefExpo-2020, in Lucknow, during February 5-9. (BL).
Rosepetal Solar Energy Private Ltd, a wholly-owned subsidiary of Adani Green Energy Ltd, has received the requisite approvals to set up a 700 MW grid-connected hybrid renewable energy power plant. The hybrid plant will be a mix of solar and wind power, according to a filing in the exchanges. Out of the 700 MW capacity, around 300 MW has a “Green shoe option”. Greenshoe options are used to provide price stability and liquidity. (BL).
State-run power producer NTPC on Friday said the unit-1 of Khargone Super Thermal Power Station in Madhya Pradesh will start commercial operation from February 1. (BL).
Quarterly Earnings
National Fertilizers Limited (NFL) has reported a 3 per cent increase in its consolidated net profit at Rs 107.11 crore for the quarter ended December. Its net profit stood at Rs 103.59 crore in the year-ago period, the company said in a regulatory filing. Total income fell to Rs 3,744.66 crore in the third quarter of this fiscal from Rs 3,785.54 crore in the corresponding period of the previous year. (BL).
Realty firm Sobha Ltd has reported a 5 per cent increase in its consolidated net profit at Rs 73.2 crore for the quarter ended December compared to Rs 69.8 crore in the year-ago period. Total income rose to Rs 901.2 crore in the third quarter of this fiscal from Rs 807.7 crore in the corresponding period of the previous year, the company said in a regulatory filing. (ET).
Lubricants maker Castrol India Limited on Saturday reported a 28% hike in its after-tax profit for the December-ending quarter even as revenue during the quarter registered single-digit decline. Profit after tax during the quarter stood at Rs 271.3 crore as against Rs 211.9 crore in the year-ago period. Revenue, meanwhile, declined by 2.9% to Rs 1,028 crore. Earnings before interest, tax, depreciation, and amortisation (ebitda) stood at Rs 354.4 crore, a year-on-year growth of 3.3%. The lubricant maker announced a dividend of Rs 3 per share for its fiscal year. (ET).
ITC Ltd on Friday reported a 29 per cent jump in quarterly net profit and a 5 per cent increase in gross revenue, which the company attributed to its hotel, agriculture and non-cigarette FMCG businesses. The Kolkata-based conglomerate reported a net profit of Rs 4,141.93 crore for the December quarter, on gross revenue of Rs 11,912.16 crore. The company reported an exceptional item of Rs 132.11 crore, which was the cost of leaf tobacco stocks including taxes which were destroyed at a third-party warehouse due to fire. It has filed an insurance claim, which is under process. (ET).
Hindustan Unilever, India’s biggest pure-play consumer company by market value, reported 4 per cent sales growth in the third quarter, its slowest expansion since demonetisation three years ago, pointing to continued stress on demand in Asia’s thirdbiggest economy. Net profit rose 12 per cent to Rs 1,616 crore in the three months ended December from Rs 1,444 crore a year earlier, HUL said in a statement on Friday. (BL).
Tech Mahindra on Friday posted 4.7 per cent year-on-year (YoY) fall in consolidated profit at Rs 1,145.9 crore for the quarter ended December 31. (ET).
Vedanta Ltd on Friday reported a 49.1 per cent rise in its consolidated profit at Rs 2,348 crore for the December 2019 quarter, on the back of lower expenses. The company had posted the profit of Rs 1,574 crore in the October-December period of the previous financial year, Vedanta Ltd said in a filing to the BSE. In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)". However, the company had posted a decline in consolidated income at Rs 22,007 crore in the October-December period, over Rs 25,067 crore in the year-ago period. (ET).
Indian Hotels Company Ltd (IHCL) has reported a profit of Rs 213 crore for the quarter ended December 31 on a consolidated basis compared to a profit of Rs 170 crore in the corresponding period of the previous fiscal. The hospitality chain reported revenues of Rs 1372 crore for the quarter under review, up from Rs 1323 crore in the corresponding period of the previous fiscal, a jump of about 4%. IHCL said the period under review marked the seventh consecutive quarter of margin expansion. (BL).
Drug firm Jubilant Life Sciences on Friday reported a 23.97 per cent fall in consolidated net profit at Rs 203.38 crore for the third quarter ended on December 31, 2019. It had posted a net profit of Rs 267.52 crore in the October-December quarter a year ago, Jubilant Life Sciences said in a BSE filing. Net sales during the quarter under review stood at Rs 2,279.89 crore, down 3.11 per cent, as against Rs 2,353.08 crore in the corresponding period a year ago. (ET).
Power Grid Corporation of India on Friday reported 13.89 per cent year-on-year (YoY) rise in consolidated profit at Rs 2,672.03 crore for the quarter ended December 31. The firm had posted a profit of Rs 2,345.97 crore in the same period last year. Total income of the company increased 7.46 per cent on a yearly basis to Rs 9,541.13 crore. (ET).
Economy and Sector News
Those putting money into small savings schemes are getting ready for a new interest setting arrangement from the quarter beginning April 1. The government also hopes that the new operational tax regime will not dent collection from savings. The small savings scheme basket comprises 12 instruments including National Saving Certificate (NSC), Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and Sukanya Samridihi Scheme. The government resets the interest rate in the beginning of every quarter. (BL).
Finance Minister Nirmala Sitharaman seems to have set her eyes firmly on state-run insurance companies in Union Budget 2020-21. While state-run banks did not get any allocation for capital infusion, the Budget presented on February 1 has set aside Rs.6,950 crore for recapitalisation of the three public sector general insurance companies — National Insurance, Oriental Insurance and United India Insurance. (ET).
After exempting foreign companies, the Budget has exempted the income of Indian Strategic Petroleum Reserves Ltd (ISPRL) from taxes on transaction of crude oil stored in the underground caverns it built as country’s strategic stockpile. In 2017, the government had exempted foreign companies from paying income tax on the sale of oil they store in India’s strategic oil reserves. According to a budget document, the income of ISPRL will be exempt from taxes on the transaction of crude oil stored in its strategic caverns, provided the company replenishes the removed fuel within three years. Tax changes on ISPRL will be effective April 1. (BL).
Total budget allocated to the Ministry of Defence accounts for 15.49 per cent of the total central government budgetary expenditure in 2020-21. There is an increase of Rs 40,367.21 crore in the total Defence allocations (Rs 4,71,378 crore) including Defence Pension over the financial year 2019-20, according to an official statement. It added that for Defence Pension an amount of Rs 1,33,825 crore has been provided in Budget estimates 2020-21. The allocation of Rs 4,71,378 crore represents a growth of 9.37 per cent over Budget estimates (Rs 4,31,010.79 crore) for the financial year 2019-20, the official statement added. (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 closed sharply lower on Friday as investors continued to monitor and assess the potential economic impact of the fast-spreading Wuhan coronavirus. The Dow Jones Index closed at 28,256, down 603.41 points by 2.09%. The Standard & Poors 500 index closed at 3,226, down 58.14 points by 1.77%. The Nasdaq Composite Index closed at 9,151, down 148.00 points by 1.59%.

FTSE 100

UK markets fell further into the red on Friday on Brexit day as two UK cases of coronavirus were confirmed, adding to concerns about the spread of the deadly infection. The FTSE 100 index closed at 7,286, down 95.95 points by 1.30%.

Global Indices
31/01/2019 Clsg Chg%
Dow Jones 28,256 -2.09
NASDAQ 9,151 -1.59
FTSE 100 7,286 -1.30
Bovespa 113,761 -1.53
03/02/2020 Latest
(6:31AM IST)
Nikkei 22,923 -1.22
Hang Seng 26,313 -0.52


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 22,923, down 282.49 points by 1.22%.

Precious Metals

Gold, which posted its best month in five in January, eased to $1,588.72, while yields on U.S. debt lingered near five-month lows as the United States, Japan and other countries tightened travel curbs to China.

Base Metals

The London Metal Exchange three-month lead price was higher by close of trading on Friday, January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.

Crude Oil

Oil futures skidded on concerns the coronavirus outbreak would hit China’s oil demand. Brent crude slid $1.06 to $55.56 a barrel, the lowest since January 2019. U.S. crude slipped 84 cents to $50.72.


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