Morning Notes
06th Jan, 2020

Trading Range:

Nifty opened gap down at 12261 on Friday and made a high and low of 12266 and 12191 respectively before closing negative at 12227.


For the day, support for Nifty exists at 12180 and 12100 levels whereas resistance for Nifty stands at 12270 and 12320 levels.


Bank Nifty opened gap down at 32327, made a high of 32330, low of 31960, and closed negative at 32069. For the day, support for Bank Nifty exists at 31800 and 31500 levels whereas resistance for Bank Nifty stands at 32300 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,465 -0.39
Nifty 12,227 -0.45
BSE 200 5,108 -0.44
BSE Midcap 15,115 -0.45
BSE Smallcap 13,989 +0.03
Dow Jones 28,635 -0.81
NASDAQ 9,021 -0.79


NIFTY 12226.65 (-55.55) (-0.45%)
NIFTY JAN FUTURE 12256.45 (29.80 Points Premium)
NIFTY PCR - OI 1.37 (-0.10)
NIFTY OPEN INTEREST 1.29 Cr. (-3.97%)
INDIA VIX 12.69 (+10.49%)


CALL 12400 CE +3.20 lac Shares
CALL 12200 CE +2.30 lac Shares
PUT 12200 PE +1.53 lac Shares
PUT 12100 PE +1.17 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,311 -1.16
Bankex 36,522 -1.08
PSU 7,000 -0.96
Healthcare 13,582 +0.46
IT 15,778 +1.52
Market Turn Over (`cr)
Index 03/01 02/01
BSE Cash 2,343 1,885
NSE Cash 31,884 31,282
NSE F&O 955,836 2,898,850
BSE Delivery % 47.67 54.94
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 27.72 71.29
BSE 200 31.84 67.16
BSE 500 42.32 56.29
Total BSE 44.69 47.90
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 63.89 +1.33
Gold Rs./ 10 Gms 40112.00 +2.13
Silver Rs./ Kg 47527.00 +1.07
Rs.- US $ 71.73 +0.62
Rs.- Euro 80.08 +0.54
FII (Rs cr )
03/01* 02/01*
FIIs +1088.24 +359.03
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       39,003.00       3,064.78       47,479.00       3,910.52    1,20,192.00     10,444.82    (845.74)
Index Options  25,14,304.00  1,82,988.20  25,01,509.00  1,81,724.75    6,18,200.00     52,409.55  1,263.45
Stock Futures    1,66,619.00     11,196.74    1,67,219.00     11,214.00  14,57,121.00     98,197.68      (17.26)
Stock Options       50,004.00       3,612.98       49,525.00       3,569.80       46,163.00       3,101.43       43.18
Total  27,69,930.00  2,00,862.70  27,65,732.00  2,00,419.07  22,41,676.00  1,64,153.48     443.63
Corporate News
The trustees of two Tata trusts, Tata Teleservices Ltd (TTSL) and Tata Consultancy Services (TCS) have moved the Supreme Court seeking to set aside the appellate tribunal’s December 18 ruling, terming it as factually and conceptually wrong. (BL).
The country's largest iron ore miner NMDC has hiked prices for the first time since last September. The rise in key raw material prices by about Rs.200 a tonne each to Rs.2,800 for lump ore of 65.5 per cent Fe and Rs.2,560 for 64 per cent Fe. Following this, some of the private merchant miners are also negotiating higher price for their ores. (ET).
Renault India on Friday reported a 64.73 per cent jump in sales to 11,964 units in December. The company had sold 7,263 units in the same month a year ago, Renault India said in a statement. With the introduction of new products Triber, Kwid and Duster, the company said its sales in 2019 grew 7.8 per cent to 88,869 units as against 82,368 units in 2018. The 7-seater compact MPV Triber clocked total sales of 24,142 units since its launch in August, it added. (BL).
Two and three-wheeler manufacturer TVS Motor on Friday said it has unveiled a 125 cc scooter TVS NTORQ Race Edition equipped with new features. The launch of the scooter witnessed a huge turnaround in the Sri Lankan scooter market, TVS Lanka CEO Ravi Liyanage said. (BL).
Agrochemical maker Insecticides India Ltd (IIL) has received an environment clearance for setting up a pesticide manufacturing unit in Bharuch, Gujarat that will entail an investment of Rs.40 crore, according to an official document. The union environment ministry has given the go-ahead to IIL’s proposed project after taking into account the recommendations of a green panel. The clearance, however, has been given with some conditions, the document added. As per the proposal, IIL wants to set up a pesticide and pesticide intermediates manufacturing unit with a production capacity of 2,500 tonne per month at Dahej in Bharuch district in an area of 52,000 square metre. (BL).
State-owned Coal India (CIL) allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 per cent over the year-ago period. Coal India (CIL) had allocated 21.91 million tonnes (MT) of coal in the April-November period of 2018-19, according to the latest monthly summary by the coal ministry for the Cabinet. However, the coal allocation by the PSU under the scheme increased to 4.05 MT in November, 2019, over 1.53 MT in November 2018, it said. (BL).
A change of guard is not expected any time soon at Bombay House, the Tata Group’s headquarters, as Cyrus Mistry is not interested in making a comeback despite a National Company Law Appellate Tribunal (NCLAT)  order reinstating him as the group’s executive chairman. Further, the ousted chairman will not pursue directorship of Tata Consultancy Services (TCS), Tata Teleservices Ltd (TTSL) or Tata Industries. However, he will seek a seat on the Tata Sons board, which the Shapoorji Pallonji Group (SP Group) had held for nearly 30 years, Mistry said in a statement issued to the media. This was not a quest for position or power, he added. (ET).
A family feud is brewing in the Rs.40,000-crore Chennai-based Murugappa Group, with Valli Arunachalam, the older daughter of former executive chairman MV Murugappan, seeking a seat on the board of the holding company, Ambadi Investments Ltd (AIL). (BL).
The Reserve Bank-appointed administrator of beleaguered Dewan Housing Finance Limited (DHFL) has admitted close to Rs 4,800 crore of claims submitted by fixed deposit holders of the company, a source said. Nearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17. (ET).
Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) will buy a 75 per cent stake in Krishnapatnam Port Company Ltd, the entity that runs a private deep-water port at Krishnapatnam in Andhra Pradesh’s Nellore district, for Rs.13,500 crore. The deal is APSEZ’s biggest acquisition yet in India’s port sector in terms of value and size and helps it build scale in an industry that is dominated by the 12 state-owned ports. (BL).
Economy and Sector News
Overall borrowings by India Inc from overseas markets grew 6.5 per cent to $ 2.12 billion in November 2019, the Reserve Bank data showed. Domestic companies had borrowed over $ 1.99 billion in November 2018 from foreign sources. Of the total foreign borrowing during the month, $ 2,11,53,22,022 was raised through the automatic route under the external commercial borrowing (ECB). The major borrowers in the automatic route of ECB were: Adani Transmission Ltd ($ 500 million for refinancing of rupee loans), Tata Motors Ltd ($ 400 million for rupee expenditure), Oil and Natural Gas Corporation ($ 300 million for new project) and JSW Steel Ltd ($ 250 million for refinancing of earlier ECB). In more news, States might be facing a consolidated revenue gap of up to Rs 1.23 lakh crore on account of withdrawal of compensation after the five-year GST transition period ends on June 30, 2022, says a report by economic think tank NIPFP. (BL).
India earned 7.83 per cent more from tea exports till November 2019 compared to the same period in 2018. There was a general upswing in global prices resulting in the cumulative average of Indian teas fetching Rs.226.55 a kg till November 2019 against Rs.206.79 during January-November 2018. This meant that every kg fetched Rs.19.76 more than it did last year, marking a gain of 9.56 per cent. The volume exported dropped 1.58 per cent to 227.71 million kg (mkg) from 231.36 mkg during January-November 2018. Nevertheless, helped by the sharp increase in price, the overall realisation in the 11 months rose to Rs.5,158.86 crore from Rs.4,784.27 crore. This meant a significant increase of Rs.374.59 crore in the earnings marking a gain of 7.83 per cent. In more news, German automaker Daimler AG said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard. (ET).
Power producers' total outstanding dues owed by distribution companies increased around 45 per cent to Rs 81,085 crore in November 2019 over the same month previous year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 54,834 crore to power generation companies in November 2018, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). The portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms. In November 2019, the total overdue amount, which was not cleared even after 60 days of grace period offered by generators, stood at Rs 71,782 crore as against Rs 41,503 crore in the same month of the preceding year. (BL).
The GoI had allocated Rs. 800 billion in the Union Budget for FY2019-20 for payment of the fertiliser subsidy. While the budgetary sanction increased from the budgetary allocation of Rs. 700 billion in the recent years, it remains inadequate to meet the total requirement of the fertiliser subsduy which stands at around ~Rs. 1250 billion. The subsidy requirement of Rs. 1250 billion includes a subsidy backlog which is expected to increase to Rs. 450 billion by the end of FY2020. Of the total budgetary allocation, GoI had released nearly 84% by the end of October 2019. With the subsidy budget expected to be over by the end of December 2019, the subsidy receivables will rise till the end of FY2020 end. As a result, the working capital  borrowings of the industry will rise leading to moderation in the credit metrics, as per an ICRA note. (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 heavy losses on Friday after the White House confirmed that an airstrike had killed a top Iranian commander, with Tehran vowing to retaliate. The Dow Jones Index closed at 28,635, down 233.92 points by 0.81%. The Standard & Poors 500 index closed at 3,235, down 23.00 points by 0.71%. The Nasdaq Composite Index closed at 9,021, down 71.42 points by 0.79%.

FTSE 100

UK markets finished on a mixed note on Friday after Iran’s top general, General Qasem Soleimani, was killed by a US airstrike in Iraq. The FTSE 100 index closed at 7,622, up 18.10 points by 0.24%.

Global Indices
03/01/2019 Clsg Chg%
Dow Jones 28,635 -0.81
NASDAQ 9,021 -0.79
FTSE 100 7,622 +0.24
Bovespa 117,707 -0.73
06/01/2020 Latest
(6:00AM IST)
Nikkei 23,261 -1.67
Hang Seng 28,452 -0.32


Asian markets started trading early in the morning on Monday on a positive note as the investors watch the US markets closely. Nikkei is currently trading at 23,261, down 395.81 points by 1.67%.

Precious Metals

Spot gold XAU= surged 1.6% to $1,575.37 per ounce in jittery trade and reached its highest since April 2013 on Monday.

Base Metals

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Friday January 3, settling at its lowest level since December 10 last year amid a steady uptick in inventories, while tin futures also suffered over the afternoon to close at a monthly low.

Crude Oil

Oil prices added to their gains on Monday on fears any conflict in the region could disrupt global supplies. Brent crude LCOc1 futures rose $1.05 to $69.65 a barrel, while U.S. crude CLc1 climbed 94 cents to $63.99.


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