Morning Notes
05th Mar, 2020
 

Trading Range:

Nifty opened gap up at 11351 on Wednesday and made a high and low of 11357 and 11082 respectively before closing negative at 11251.

Review/Outlook:

For the day, support for Nifty exists at 11170 and 11000 levels whereas resistance for Nifty stands at 11360 and 11450 levels.

Review/Outlook:

Bank Nifty opened a gap up at 29253, made a high of 29274, made a low of 28125, and closed negative at 28654. For the day, support for Bank Nifty exists at 28300 and 28000 levels whereas resistance for Bank Nifty stands at 29000 and 29500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,409 -0.55
Nifty 11,251 -0.46
BSE 200 4,739 -0.65
BSE Midcap 14,526 -1.61
BSE Smallcap 13,552 -1.61
Dow Jones 27,091 +4.53
NASDAQ 9,018 +3.85
 

DERIVATIVES INDICATORS FOR MAR 05, 2020:

NIFTY 11251.00 (-52.30) (-0.46%)
NIFTY MAR FUTURE 11247.10 (3.90 Points Discount)
NIFTY PCR - OI 1.16 (-0.05)
NIFTY OPEN INTEREST 1.67 Cr. (+4.85%)
INDIA VIX 24.22 (-1.29%)
NIFTY ROLLOVER 11%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 11300 CE +1.44 lac Shares
CALL 11600 CE +1.45 lac Shares
PUT 11200 PE -0.88 lac Shares
PUT 11000 PE +3.71 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,644 -0.65
Bankex 32,938 -1.72
PSU 5,876 -0.53
Healthcare 14,080 +1.13
IT 15,537 +1.33
 
Market Turn Over (`cr)
Index 04/03 03/03
BSE Cash 7,328 2,406
NSE Cash 47,220 43,646
NSE F&O 1,940,552 1,398,583
BSE Delivery % 44.40 35.97
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 33.66 65.35
BSE 200 28.86 69.65
BSE 500 24.55 74.45
Total BSE 25.22 69.38
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 47.52 +1.58
Gold Rs./ 10 Gms 43569.00 +0.22
Silver Rs./ Kg 46683.00 +0.66
Rs.- US $ 73.49 +0.56
Rs.- Euro 81.86 +0.28
FII (Rs cr )
04/03* 03/03*
FIIs -2328.89 -300.61
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       82,452.00       5,808.68    1,02,964.00       7,362.36    2,05,504.00     16,325.83  (1,553.68)
Index Options  62,39,885.00  4,19,392.78  62,26,760.00  4,18,477.11    8,23,240.00     65,232.18      915.67
Stock Futures    3,01,256.00     18,521.61    2,91,303.00     17,938.96  14,45,985.00     88,646.77      582.65
Stock Options       52,799.00       3,476.90       51,713.00       3,401.62       53,749.00       3,326.71        75.28
Total  66,76,392.00  4,47,199.97  66,72,740.00  4,47,180.05  25,28,478.00  1,73,531.49        19.92
Corporate News
Sterlite Power has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL). The project has secured funds worth Rs 2,024 crore from IndusInd Bank and L&T Infrastructure Finance. (BL).
Australian oil and gas explorer Oilex Ltd has declined the right of first refusal (ROFR) over the 55 per cent participating interest held by Gujarat State Petroleum Corporation (GSPC) in the Cambay Production Sharing Contract (PSC). (ET).
The Water & Effluent Treatment Business of L&T Construction has bagged a deal from Oman to design and execute a water infrastructure project. The size of this project is in the range of Rs.1,000-2,500 crore, L&T said. (BL).
Somany Home Innovation Ltd, makers of ‘Hindware Appliances’ has forayed into the ceiling fans category under the Hindware Snowcrest brand, thereby strengthening its presence in the consumer appliances segment. (ET).
Strides Pharma Science Ltd’s wholly owned subsidiary Strides Pharma Global Pte Ltd, Singapore, has received USFDA approval for tetracycline hydrochloride capsules USP, 250 mg and 500 mg. (BL).
Orient Electric Ltd, part of the diversified $2.4-billion CK Birla Group, has launched a range of energy-efficient inverter air-coolers powered by electronically commutated motor (ECM) technology, which is said to save up to 50 per cent on energy costs. (ET).
Tata Coffee Limited, a subsidiary company of Tata Consumer Products Ltd, announced on Wednesday the launch of its e-commerce platform, “www.coffeesonnets.com”. (ET).
Economy and Sector News
India’s services sector demonstrated a solid performance in February, the result of a private survey indicated on Wednesday. The services sector accounts for over 57 per cent in India’s gross domestic product (GDP). The result of the survey is known as the Purchasing Managers’ Index (PMI). It recorded 57.5 in February, indicating the quickest expansion since January 2013. PMI in January was 55.5. This index plays a major role in policy making. PMI is prepared on the basis of responses from 400 managers working with different types of services companies. The index is prepared by IHS Markit. A showing above 50 indicates expansion, while that below 50 points to contraction. (BL).
Average spot power price declined 6 per cent to Rs 2.91 per unit in February on the Indian Energy Exchange (IEX), according to official data. The price had stood at Rs 3.08 per unit in February 2019. The average market-clearing price in DAM (day-ahead market) at Rs 2.91 per unit saw a significant 6 per cent decline over the price of Rs 3.08 per unit in February 2019 and resulted into substantial savings for the market participants, the IEX said in a statement on Wednesday. (ET).
While the domestic air passenger traffic in China fell down by 6.8 per cent during January due to the novel coronavirus outbreak, Indian domestic passenger traffic rose by 2.5 per cent in the same time period, global airlines body IATA said on Wednesday. The IATA, which represents around 290 airlines comprising 82 per cent of the global air traffic, measures passenger growth in RPK, which is calculated by multiplying the number of passengers to the distance travelled by them. In December last year, RPK growth in Indian domestic air passenger market was 2.8 per cent, the IATA stated. (BL).
The domestic cement demand growth is expected to remain flat in FY20 as against the decade-high growth of 13% in the previous year. This along with expected higher capacity additions at 20-22 million MTPA in FY20 and FY21 as compared to 17 million MTPA in FY19 is likely to result in moderation of industry’s capacity utilisation in the current fiscal. (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 staged a massive rally Wednesday, with health-care companies leading the charge after former Vice President Joe Biden jumped ahead of Sen. Bernie Sanders in the race toward the Democratic presidential nomination. The Dow Jones Index closed at 27,091, up 1,173.45 points by 4.53%. The Standard & Poors 500 index closed at 3,130 up 126.75 points by 4.22%. The Nasdaq Composite Index closed at 9,018, up 334.00 points by 3.85%.

FTSE 100

UK markets extended their gains on Wednesday, taking their cue from Wall Street, where sentiment appeared to steady a tad after Democratic party presidential candidate Joe Biden scored multiple wins in party primaries in the South, beating rival Bernie Sanders and reviving his campaign which just a couple of days before had appeared to be doomed. The FTSE 100 index closed at 6,815, up 97.39 points by 1.45%.

 
 
Global Indices
04/03/2020 Clsg Chg%
Dow Jones 27,091 +4.53
NASDAQ 9,018 +3.85
FTSE 100 6,815 +1.45
Bovespa 107,224 +1.60
05/03/2020 Latest
(7:45AM IST)
Chg%
Nikkei 21,302 +0.96
Hang Seng 26,391 +0.65

Nikkei

Asian shares were looking to rally for a fourth straight session on Thursday as U.S. markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook. Nikkei is currently trading at 21,302, up 202.01 points by 0.96%.

Precious Metals

Gold steadied after jumping in the wake of the Fed’s rate cut, and was last at $1,637.13 per ounce XAU= on Thursday.

Base Metals

The three-month tin price on the London Metal Exchange topped the base-metals complex at the close of trading on Wednesday March 4, climbing by just over 1.4% to close at its highest level since January 23, but zinc futures failed to gather support over the afternoon.

Crude Oil

Oil prices rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States, although the gains were capped by uncertainties over cuts by major oil producers.

 
 
 

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