Morning Notes
03rd Mar, 2020

Trading Range:

Nifty opened gap up at 11387 on Monday and made a high and low of 11433 and 11036 respectively before closing negative at 11133.


For the day, support for Nifty exists at 11040 and 10950 levels whereas resistance for Nifty stands at 11300 and 11450 levels.


Bank Nifty opened a gap up at 29701, made a high of 29791, low of 28572, and closed negative at 28868. For the day, support for Bank Nifty exists at 28500 and 28000 levels whereas resistance for Bank Nifty stands at 29500 and 29800 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,144 -0.40
Nifty 11,133 -0.62
BSE 200 4,694 -0.51
BSE Midcap 14,504 -0.65
BSE Smallcap 13,603 -0.77
Dow Jones 26,703 +5.09
NASDAQ 8,952 +4.49


NIFTY 11132.75 (-69.00) (-0.62%)
NIFTY MAR FUTURE 11123.70 (9.05 Points Discount)
NIFTY PCR - OI 1.14 (+0.04)
NIFTY OPEN INTEREST 1.52 Cr. (-9.09%)
INDIA VIX 25.20 (+8.47%)


CALL 11300 CE +1.20 lac Shares
CALL 11400 CE +0.81 lac Shares
PUT 11100 PE +1.90 lac Shares
PUT 11000 PE +2.48 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,434 -0.86
Bankex 33,117 -0.89
PSU 5,738 -2.43
Healthcare 13,417 -0.47
IT 15,146 +1.06
Market Turn Over (`cr)
Index 02/03 28/02
BSE Cash 2,472 8,355
NSE Cash 45,857 57,379
NSE F&O 1,216,934 1,004,045
BSE Delivery % 48.75 80.23
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 47.57 +1.75
Gold Rs./ 10 Gms 41956.00 +1.35
Silver Rs./ Kg 44561.00 +1.32
Rs.- US $ 72.83 +0.93
Rs.- Euro 81.16 +1.97
FII (Rs cr )
02/03* 28/02*
FIIs -3340.85 -3064.85
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    1,36,551.00       9,994.99       95,321.00       6,836.26    1,86,621.00     14,696.80  3,158.73
Index Options  35,25,606.00  2,49,365.26  34,72,753.00  2,45,148.14    7,08,374.00     56,049.46  4,217.12
Stock Futures    3,21,491.00     20,137.55    3,06,626.00     19,317.21  14,23,500.00     85,760.05     820.34
Stock Options       70,346.00       4,660.15       69,874.00       4,628.10       43,534.00       2,685.79       32.05
Total  40,53,994.00  2,84,157.95  39,44,574.00  2,75,929.71  23,62,029.00  1,59,192.10  8,228.24
Corporate News
Auto companies continued to announce sales numbers for Feb 2020. On a YoY basis, TVS Motor recorded sales decline of 15%, Bajaj Auto reports sales decline of 10%, Suzuki Motors sales were up 3.5%, Ashok Leyland sales were down 37%, Escorts sales were up 18.8%, Hyundai sales were down 10%, and Kia Motors sales grew 1.5%%. Few other auto companies are still due to announce their numbers during this week. (BL).
The NTPC Group has reported a 5,290-MW capacity addition for financial year 2019-2020. This is the largest ever commercial capacity addition for the group in a single year, a company statement said. The latest capacity additions are 250 MW unit of Barauni Thermal Power Station Stage-II (2 x 250 MW) and 800 MW unit of Darlipalli Super Thermal Power Station Stage-I (2 x 800 MW) with effect from March 1, 2020. (ET).
Drugmaker Sun Pharmaceutical Industries Ltd reported a shortage of its generic version of hypertension drug pindolol in the US due to a lack of pharmaceutical ingredients, but said the shortfall did not stem from China.. (BL).
NMDC and i-TIC Foundation, IIT Hyderabad, signed an agreement to support start-ups through a joint incubation programme — NMDC Innovation & Incubation Centre (NICE). (ET).
State-owned construction firm NBCC (India) on Monday said it has bagged an order worth Rs.64.83 crore from Bharat Heavy Electrical Limited (BHEL) in Jharkhand. In a filing to BSE, NBCC said it will execute this project on engineering, procurement and construction mode. (BL).
Kotak Special Situations Fund (KSSF), a fund managed by Kotak Investment Advisors Ltd (KIAL), has invested Rs.500 crore in debt and equity in the country’s largest stainless steel producer, Jindal Stainless Ltd (JSL). KSSL said in a statement that post completion of the transaction, it will hold an about 5 per cent stake in JSL. (ET).
Economy and Sector News
Export of all varieties of onion will be free from March 15, the government announced on Monday, lifting around six-month-old curbs on shipments of the bulb following a correction in prices and improvement in local supplies. The government last week decided to lift ban on export of onions in view of projected sharp fall in prices due to bumper rabi crop. In more news, Lanxess, the German-based specialty chemicals company, has come out with a high-level disinfectant 'Rely+On Virkon' which is effective against the coronavirus. The product is used for hard surface and equipment disinfection, said the company. (BL).
The strong manufacturing sector expansion seen in India at the start of the year was maintained in February, with the growth rates for factory orders, exports and output dipping only marginally from January’s highs, a private survey said. At 54.5 in February, the headline seasonally adjusted IHS Markit India Manufacturing PMI held close to January’s near-eight-year high of 55.3. This signalled robust improvement in operating conditions across sectors. (ET).
With the final hearing of the adjusted gross revenue (AGR) issue at the Supreme Court slated for March 17, Vodafone Group Chief Executive Officer Nick Read has sought a meeting with Telecommunications and Information Technology Minister Ravi Shankar Prasad this week. (BL).
Fitch Solutions on Monday cut its forecast for India’s economic growth to 4.9 per cent in the current fiscal that ends March 31, saying manufacturing could come under pressure from weak domestic demand and supply chain disruptions due to the coronavirus outbreak. The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021), it said. “We at Fitch Solutions are revising down our forecast for India’s real GDP growth to 4.9 per cent in FY2019/20, from 5.1 per cent previously, and 5.4 per cent in FY2020/21, from 5.9 per cent previously,” the agency said in its outlook for the country. India’s real GDP growth decelerated to 4.7 per cent in the third quarter (October-December) from an upwardly revised 5.1 per cent in the second quarter owing to slower government consumption, a steeper contraction in gross fixed capital formation and a smaller net exports contribution. (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 recorded some solid gains on Monday as major indices attempted to reclaim some of their recent losses, with expectations that the Federal Reserve will again cut rates driving the rally. 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 saw investors endure a roller coaster-like trading session on Monday to start March with a small bounce as hopes of central bank stimulus helped to offset ongoing concerns about the impact of the coronavirus. The FTSE 100 index closed at 6,580, down 215.79 points by 3.18%.

Global Indices
02/03/2019 Clsg Chg%
Dow Jones 26,703 +5.09
NASDAQ 8,952 +4.49
FTSE 100 6,655 +1.13
Bovespa 106,625 +2.36
03/03/2020 Latest
(5:40AM IST)
Nikkei 21,344 +0.95
Hang Seng 26,292 +0.62


Asian share markets started trading early in the morning on Tuesday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 21,344, up 201.12 points by 0.95%.

Precious Metals

Gold futures rebounded on Monday, tacking on nearly 2% after suffering the sharpest drop since 2013 in the previous session, finding support as central banks promise to act appropriately to mitigate the effect of a viral outbreak that is expected to hurt global economies and supply chains.

Base Metals

Copper futures on the London Metal Exchange rose by more than 1% on Monday March 2 as part of a global rally across asset classes.

Crude Oil

Oil futures settled higher on Monday, recovering much of what they lost in the previous session, as traders bet that the Organization of the Petroleum Exporting Countries and its allies will agree to cut production when they meet on March 5 and 6.


Retail Research Desk:

Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213

Karan Desai D: 91 22 2858 3221

Research Analyst Registration Number:
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