Morning Notes
07th Jan, 2020

Trading Range:

Nifty opened gap down at 12171 on Monday and made a high and low of 12179 and 11974 respectively before closing negative at 11993.


For the day, support for Nifty exists at 11920 and 11840 levels whereas resistance for Nifty stands at 12060 and 12120 levels.


Bank Nifty opened gap down at 31910, made a high of 31914, made a low of 31171, and closed negative at 31237. For the day, support for Bank Nifty exists at 31000 and 30800 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,677 -1.90
Nifty 11,993 -1.91
BSE 200 5,007 -1.98
BSE Midcap 14,766 -2.31
BSE Smallcap 13,715 -1.96
Dow Jones 28,703 +0.24
NASDAQ 9,071 +0.56


NIFTY 11993.05 (-233.60) (-1.91%)
NIFTY JAN FUTURE 12043.70 (50.65 Points Premium)
NIFTY PCR - OI 1.12 (-0.25)
NIFTY OPEN INTEREST 1.31 Cr. (+1.53%)
INDIA VIX 14.77 (+16.40%)


CALL 12000 CE +3.47 lac Shares
CALL 12100 CE +4.25 lac Shares
PUT 12000 PE -1.52 lac Shares
PUT 11800 PE +2.33 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,895 -2.27
Bankex 35,630 -2.44
PSU 6,814 -2.66
Healthcare 13,372 -1.54
IT 15,700 -0.50
Market Turn Over (`cr)
Index 06/01 03/01
BSE Cash 2,843 2,343
NSE Cash 31,100 31,884
NSE F&O 1,296,579 955,836
BSE Delivery % 53.64 47.67
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 6.93 93.07
BSE 200 6.47 93.53
BSE 500 9.78 89.82
Total BSE 21.73 71.64
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 62.83 -0.35
Gold Rs./ 10 Gms 40472.00 +0.90
Silver Rs./ Kg 47546.00 +0.04
Rs.- US $ 71.83 +0.14
Rs.- Euro 80.42 +0.42
FII (Rs cr )
06/01* 03/01*
FIIs +1301.97 +1088.24
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       57,222.00       4,247.45       64,002.00       5,224.12    1,44,162.00     12,133.74     (976.67)
Index Options  31,04,510.00  2,24,873.01  31,11,839.00  2,25,455.93    6,41,033.00     53,240.79     (582.92)
Stock Futures    1,48,893.00     10,242.20    1,57,159.00     10,718.05  14,65,765.00     96,541.60     (475.85)
Stock Options       67,112.00       4,944.10       67,856.00       5,009.68       49,707.00       3,311.95       (65.58)
Total  33,77,737.00  2,44,306.76  34,00,856.00  2,46,407.78  23,00,667.00  1,65,228.08  (2,101.02)
Corporate News
Prestige Group plans 6 malls, eying the argest mall operator tag. (BL).
Tata Motors did not produce a single unit of its entry-level car Nano in 2019 and it sold just one unit in February even as the company is yet to officially retire Ratan Tata’s “people’s car”. According to a regulatory filing by the company, Tata Motors had zero production and sales of the Nano in December 2019 while it produced 82 units and sold 88 units in December 2018. Similarly, in November 2019 there was zero production and sales of the entry-level model, whereas in the year-ago period it produced 66 units and sold 77 units. (ET).
Future Retail Limited (FRL) and Amazon India have signed an agreement under which Amazon India will leverage FRL's existing infrastructure, product knowledge and brand portfolio across its retail network. (BL).
Pipe manufacturer MAN Industries (India) Ltd on Monday said it has bagged new export orders worth Rs.400 crore. The company has received new export orders of approximately Rs.400 crore, the company said in a filing to BSE. However, the company did not provide further details of the orders. (BL).
The stalemate over renewal of the Donimalai mining lease in favour of NMDC continues even almost four months after the Central government amended the Mining and Mineral Development Act making it mandatory for state governments to renew public sector mining leases. The Karnataka government has taken the view that the new amended mining Law will not be applicable to NMDC, as its lease to mine at Donimalai has already been cancelled. (BL).
Karur Vysya Bank on Monday said its Managing Director & CEO PR Seshadri has submitted his resignation citing personal reasons. Board of Directors of the Bank in their meeting held on Monday has accepted the resignation of PR Seshadri, Karur Vysya Bank said in a regulatory filing. (BL).
Road developer IRB Infrastructure has received No Objection Certificate (NOC) from National Highway Authority of India (NHAI) for transfer of nine of its Build Operate Transfer (BOT) assets to IRB Infrastructure Trust and subsequent investment by GIC affiliates for 49 per cent stake in the Trust. (ET).
Godrej Consumer Products said on Monday that during the quarter ended December 31, 2019, the demand in the country continued to be challenging, impacted by a general consumption slowdown. It observed a “marginally higher than mid-single digit volume growth trend” during the quarter, the company said in a regulatory filing. (BL).
The National Company Law Appellate Tribunal (NCLAT) on Monday rejected a plea by the Registrar of Companies (RoC), Mumbai, which had sought amendments to the appellate tribunal’s December 18, 2019, order on the dispute between Tata Sons and Cyrus Mistry. (ET).
Synergy Group, a South American conglomerate that owns majority shares in airlines including Colombian carrier Avianca Holdings, has submitted a fresh expression of interest for investing in bankrupt carrier Jet Airways, said a person in the know. The conglomerate submitted the EOI after several extensions of the deadline to submit one. The conglomerate had last time submitted an expression of interest in August after the August 10 deadline set by the resolution professional running the bid process. (BL).
JK Tyre and Industries, India's largest commercial vehicle tyre maker is banking on the growing replacement market and overseas push to counter crippling slowdown in the Indian automotive industry. Already sitting on a debt of Rs 5000 crore, the company has decided to defer Rs 675 crore investment by a year in Cavendish Industries (a firm it acquired in 2016 from B K Birla Group) to ensure lean operations. With series of cost cutting initiatives and expected improvement in capacity utilisation, the company’s CFO Sanjeev Aggarwal said J K Tyre is planning to pare its debt to more than half in the coming three years. (ET).
UTI Mutual Fund on Monday said it has received payment to the tune of Rs 20.50 crore from troubled non-bank lender Altico Capital which was unpaid since September. Certain UTI Mutual Fund schemes invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019. Subsequently, UTI Mutual Fund schemes marked down their respective exposures to such instruments by 75 per cent. (BL).
Fitch Ratings has affirmed India-based Hindustan Petroleum Corporation Limited's (HPCL) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. The agency has also affirmed HPCL's senior unsecured rating and the ratings on its outstanding senior unsecured debt at 'BBB-'. Fitch aligns HPCL's rating with the credit profile of its largest shareholder, Oil and Natural Gas Corporation Limited (ONGC), based on our Parent and Subsidiary Rating Linkage criteria. The agency assesses HPCL's Standalone Credit Profile (SCP) at 'bb' to reflect its position as one of India's biggest oil-marketing companies, average-but-improving complexity of its refining assets and moderate financial profile. (BS).
IndiGo on Monday said it will commence operations to Agra with the launch of a direct flight from Bengaluru on March 5. The services on the new route will be operated under the government’s regional connectivity scheme Udan, the airline said in a release. Agra will be IndiGo’s 63rd destination and 86th overall in its network, which also has flight services to 23 international airports. Effective on March 5, IndiGo will connect Agra with Bengaluru with a daily, non-stop service, and it will be exclusively operated under the Udan scheme, IndiGo said. (BL).
Economy and Sector News
Agrichemicals firm Crystal Crop Protection on Monday announced acquisition of three major pesticide brands from the US firm Corteva Agrisciences for India. In a statement issued on Monday, the company said it bought over the brands such as Dursban, Predator and Nurelle-D from Corteva. In more news, UnoLigo Solutions, a customer service management platform company has raised pre series A funding from EquNev Capital. While the funding amount was undisclosed, the funds will go towards augmenting UnoLigo’s product, expand its data science and sales and marketing teams, it said. (BL).
The National Pharmaceutical Pricing Authority (NPPA) has fixed prices of certain new high-end antibiotics, anti-HIV drugs and anti-epileptic medication, the pricing watchdog said. A crucial drug to fight off HIV infection containing Bictegravir, Emtricitabine and Tenofovir going by brand name Taffic, manufactured by Heterolabs has its price been capped at Rs.130.61 per tablet. Another anti-HIV drug Darunavir (600 mg) and Ritonavir (100 mg) manufactured by Emcure and Aurobindo Pharma has been capped at Rs.160.71 a tablet. (ET).
The services industry accelerated to a five-month high in December 2019, raising hopes of an economic recovery, a private survey showed. The IHS Markit Services Purchasing Managers’ Index (PMI) rose to 53.3 in December from 52.7 in November. A reading above 50-mark shows growth, while one below it reflects contraction.  This is the second straight month of expansion for Services PMI. (BL).
The trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) has flattened in H1FY2020, as per a recent report by ICRA. While the infrastructure credit witnessed a 19% growth in FY2019 to Rs. 21.1 lakh crore, it increased marginally to Rs. 21.2 lakh crore in H1FY2020. (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 ended higher on Monday, rebounding from Friday’s losses as investors brushed aside increased tensions in the Middle East, while shares of Alphabet and other internet names gained. The Dow Jones Index closed at 28,704, up 68.50 points by 0.24%. The Standard & Poors 500 index closed at 3,246, up 11.43 points by 0.35%. The Nasdaq Composite Index closed at 9,071, up 50.70 points by 0.56%.

FTSE 100

UK markets extended losses on Monday amid growing geopolitical tensions, while oil prices rallied and gold neared a seven-year high as investors flocked to safe havens. The FTSE 100 index closed at 7,575, down 47.06 points by 0.62%.

Global Indices
06/01/2019 Clsg Chg%
Dow Jones 28,704 +0.24
NASDAQ 9,071 +0.56
FTSE 100 7,575 -0.62
Bovespa 116,878 -0.70
07/01/2020 Latest
(4:40AM IST)
Nikkei 23,205 -1.91
Hang Seng 28,226 -0.79


Asian markets started trading early in the morning on Tuesday on a negative note as the investors watch the US markets closely. Nikkei is currently trading at 23,205, down 451.76 points by 1.91%.

Precious Metals

Gold futures tallied a ninth straight session gain on Monday, settling at their highest since April 2013, according to FactSet data.

Base Metals

The three-month aluminium price on the London Metal Exchange led gains at the close of trading on Monday January 6, closing firmly above the $1,800-per-tonne support level despite just under 30,000 tonnes of rewarranting this morning, while the light metal's forward spreads widened over the day.

Crude Oil

Oil prices steadied on Monday after Brent touched above $70 a barrel on rhetoric from the United States, Iran and Iraq that fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.


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