Morning Notes
04th Mar, 2020
 

Trading Range:

Nifty opened gap up at 11218  on Wednesday and made a high and low of 11342 and 11152 respectively before closing positive at 11303.

Review/Outlook:

For the day, support for Nifty exists at 11220 and 11150 levels whereas resistance for Nifty stands at 11370 and 11450 levels.

Review/Outlook:

Bank Nifty opened a gap up at 29013, made a high of 29285, low of 28750, and closed positive at 29177. For the day, support for Bank Nifty exists at 28700 and 28500 levels whereas resistance for Bank Nifty stands at 29500 and 29800 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,624 +1.26
Nifty 11,303 +1.53
BSE 200 4,770 +1.63
BSE Midcap 14,764 +1.79
BSE Smallcap 13,773 +1.25
Dow Jones 25,917 -2.94
NASDAQ 8,684 -2.99
 

DERIVATIVES INDICATORS FOR MAR 04, 2020:

NIFTY 11303.30 (+170.55) (+1.53%)
NIFTY MAR FUTURE 11294.75 (8.55 Points Discount)
NIFTY PCR - OI 1.21 (+0.07)
NIFTY OPEN INTEREST 1.59 Cr. (+4.86%)
INDIA VIX 24.54 (-2.62%)
NIFTY ROLLOVER 11%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 11300 CE +4.78 lac Shares
CALL 11400 CE +3.89 lac Shares
PUT 11400 CE +3.89 lac Shares
PUT 11000 PE +3.44 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,746 +2.02
Bankex 33,515 +1.20
PSU 5,907 +2.96
Healthcare 13,922 +3.77
IT 15,333 +1.24
 
Market Turn Over (`cr)
Index 03/03 02/03
BSE Cash 2,406 2,472
NSE Cash 43,646 45,857
NSE F&O 1,398,583 1,216,934
BSE Delivery % 35.97 48.75
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 91.09 8.91
BSE 200 84.08 14.43
BSE 500 73.20 25.20
Total BSE 46.48 47.61
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 47.71 +1.12
Gold Rs./ 10 Gms 43474.00 +3.62
Silver Rs./ Kg 45290.00 +1.64
Rs.- US $ 73.08 +0.34
Rs.- Euro 81.63 +0.58
FII (Rs cr )
03/03* 02/03*
FIIs -300.61 -3340.85
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
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
No. of
Contracts
Value
(Rs. Cr)
Value
(Rs. Cr)
Index Futures    1,09,694.00       8,014.24    1,05,663.00       7,773.13    1,91,630.00     15,250.55     241.11
Index Options  43,56,364.00  3,02,475.68  43,40,595.00  3,01,594.47    7,87,431.00     63,179.55     881.21
Stock Futures    3,26,890.00     20,263.01    2,93,298.00     18,223.37  14,32,364.00     88,229.20  2,039.64
Stock Options       60,002.00       3,994.62       58,969.00       3,941.02       49,209.00       3,074.58       53.60
Total  48,52,950.00  3,34,747.55  47,98,525.00  3,31,531.99  24,60,634.00  1,69,733.88  3,215.56
Corporate News
The board of State Bank of India (SBI) has approved a resolution plan proposed by beleaguered telecom company Reliance Communications (RCom), and will now vote in favour of the plan, sources close to the development told BusinessLine. SBI is the lead lender to RCom. (BL).
Larsen & Toubro (L&T), the $21-billion group, has added another feather to its cap ― a digitally-transformed corporate museum at Manapakkam. The museum not only showcases the legacy of the group over the last eight decades but is also in line with the group’s focus on digitilisation in the last four years. (ET).
With domestic sales dipping by 34 per cent, Tata Motors has affected production cuts for its key models. The automaker rolled out 37,826 units in February 2020 compared to 56,826 units during the same period a year ago. (BL).
Moody’s Investor Service Tuesday downgraded Vedanta’s corporate family rating to B1 from Ba3 and its senior unsecured bonds to B3 from B2 on the back of sustained deterioration in the company’s credit profile and due to prevailing low and volatile commodity price environment. (ET).
Economy and Sector News
The deployment in 2019 is a 55 per cent rise from that in 2018, led by a 30 per cent rise in deal volumes and a 20 per cent increase in average deal size over the previous year, the study ‘India Venture Capital Report, 2020’, which was conducted in partnership with Indian Private Equity & Venture Capital Association (IVCA), said. (BL).
India exported 1,27,230 tonnes of banana, fetching Rs.447 crore, between April 2019 and January 2020, which is nearly 30 per cent more in terms of quantity and 49 per cent in value terms over the corresponding period last year, Agriculture Minister Narendra Singh Tomar told the Lok Sabha on Tuesday. (ET).
The Centre has restricted the export of 26 active pharmaceutical ingredients and drug formulations used as raw materials to manufacture crucial drugs, on the back of the three newly confirmed positive cases of Coronavirus in India. (BL).
Foreign direct investment into India dipped marginally by 1.4 per cent to $ 10.67 billion (about Rs 76,800 crore) during October-December period of 2019-20, according to government data. Inflow of foreign direct investment (FDI) during October-December of 2018-19 stood at $ 10.82 billion. FDI inflows in July-September period of the current financial year stood at $ 9.77 billion. (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 finished sharply lower on Tuesday, more than reversing their early gains as an unscheduled rate cut from the Federal Reserve strengthened fears of a coronavirus-stoked recession. The Dow Jones Index closed at 25,917, down 785.91 points by 2.94%. The Standard & Poors 500 index closed at 3,003 down 86.86 points by 2.81%. The Nasdaq Composite Index closed at 8,684, down 268.07 points by 2.99%.

FTSE 100

UK markets finished higher on Tuesday again but well off their best levels even after the US central bank, in a rare move in between its regularly-scheduled policy meetings, slashed its short-term interest rates. The FTSE 100 index closed at 6,718, up 63.31 points by 0.95%.

 
 
Global Indices
03/03/2019 Clsg Chg%
Dow Jones 25,917 -2.94
NASDAQ 8,684 -2.99
FTSE 100 6,718 +0.95
Bovespa 105,537 -1.02
04/03/2020 Latest
(8:34AM IST)
Chg%
Nikkei 21,157 +0.35
Hang Seng 26,209 -0.29

Nikkei

Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus’s widening fallout. Nikkei is currently trading at 21,157, up 74.26 points by 0.35%.

Precious Metals

Gold rose 0.4% to $1645.25 an ounce XAU= on Wednesday.

Base Metals

The London Metal Exchange three-month copper price was little moved during morning trading on Tuesday March 3, with a fresh cancelation of some 17,200 tonnes redundant to price action, while zinc continued its downturn.

Crude Oil

Oil prices steadied, with Brent settling at $51.86 per barrel LCOc1 and U.S. crude 0.4% firmer at $47.37 a barrel CLc1 on Wednesday.

 
 
 

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