Morning Notes
06th Mar, 2020
 

Trading Range:

Nifty opened gap up at 11306  on Thursday and made a high and low of 11389 and 11245 respectively before closing positive at 11269.

Review/Outlook:

For the day, support for Nifty exists at 11000 and 10900 levels whereas resistance for Nifty stands at 11330 and 11400 levels.

Review/Outlook:

Bank Nifty opened a gap up at 28830, made a high of 29134, low of 28536, and closed positive at 28815. For the day, support for Bank Nifty exists at 28000 and 27500 levels whereas resistance for Bank Nifty stands at 29000 and 29500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 38,470 +0.16
Nifty 11,269 +0.16
BSE 200 4,748 +0.19
BSE Midcap 14,572 +0.31
BSE Smallcap 13,591 +0.29
Dow Jones 26,121 -3.58
NASDAQ 8,739 -3.10
 

DERIVATIVES INDICATORS FOR MAR 06, 2020:

NIFTY 11269.00 (+18.00) (+0.16%)
NIFTY MAR FUTURE 11255.35 (13.65 Points Discount)
NIFTY PCR - OI 1.22 (+0.07)
NIFTY OPEN INTEREST 1.74 Cr. (+3.87%)
INDIA VIX 23.24 (-4.04%)
NIFTY ROLLOVER 13%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 11300 CE -0.26 lac Shares
CALL 11400 CE -1.04 lac Shares
PUT 11300 PE +1.03 lac Shares
PUT 11000 PE +2.90 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 14,145 +0.46
Bankex 33,135 +0.60
PSU 5,873 -0.06
Healthcare 14,145 +0.46
IT 15,600 +0.41
 
Market Turn Over (`cr)
Index 05/03 04/03
BSE Cash 2,396 7,328
NSE Cash 44,607 47,220
NSE F&O 3,712,514 1,940,552
BSE Delivery % 46.47 44.40
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 60.40 38.61
BSE 200 54.73 44.28
BSE 500 54.00 44.40
Total BSE 46.21 47.06
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 45.91 +0.02
Gold Rs./ 10 Gms 44458.00 +2.04
Silver Rs./ Kg 47372.00 +1.48
Rs.- US $ 73.66 +0.23
Rs.- Euro 82.72 +1.05
FII (Rs cr )
05/03* 04/03*
FIIs -789.43 -2328.89
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           1,03,717.00       7,369.63       1,08,968.00        7,711.36      2,11,245.00     16,871.36    (341.73)
Index Options       1,07,30,695.00   6,98,365.17   1,06,90,826.00   6,95,737.92      6,55,687.00     53,616.07  2,627.25
Stock Futures           2,76,384.00     17,481.24       2,59,121.00      16,443.01    14,47,616.00     89,167.25  1,038.23
Stock Options              67,917.00       4,770.72          66,506.00        4,675.33         57,870.00       3,667.45       95.39
Total       1,11,78,713.00   7,27,986.76   1,11,25,421.00   7,24,567.62    23,72,418.00  1,63,322.13  3,419.14
Corporate News
Mukesh Ambani-owned Reliance Retail Ventures Ltd (RRVL) has acquired a 100 per cent stake in Shri Kannan Departmental Store Private Ltd (SKDS) for ₹152.5 crore. Mukesh Ambani-owned Reliance Retail Ventures Ltd (RRVL) has acquired a 100 per cent stake in Shri Kannan Departmental Store Private Ltd (SKDS) for Rs.152.5 crore. (BL).
Voltas, the Tata Group’s cooling appliances brand, has launched its new Voltas Maha Adjustable Inverter AC, which comes with a ‘flexible air conditioning’ option that allows users to choose from multiple tonnage options, in a bid to strengthen its portfolio of cooling products. (BL).
Jewellery retail chain Malabar Gold & Diamonds has firmed up expansion plans, both in India and abroad. (ET).
Zydus Cadila said on Thursday that the Drug Controller General of India (DCGI) has approved its New Drug Application (NDA) for Saioglitazar for the treatment of Non-Cirrhotic Non—Alcoholic SteatoHepatitis (NASH) in India. (BL).
Bayer India has roped in agritech platform Agribazaar as an alliance partner for ‘Better Life Farming’ projects in India. Agribazaar will provide market linkages to small-holder farmers through its e-market place and help farmers get better prices for their produce. Bayer will also work independently with Agribazaar to improve access of crop advisory and enable transfer of agri technologies to small-holder farmers. (ET).
Third-party logistics services provider Mahindra Logistics Ltd sees greenshoots in the economy, and expects FY21 to see high single-digit growth. (BL).
Jaguar Land Rover (JLR) India on Thursday said it has entered into a partnership with Tata Power for end-to-end electric vehicle (EV) charging solutions. In more news, the country's apex consumer commission, NCDRC, has asked Tata Motors to pay Rs 3.5 lakh towards compensation and punitive damages for misleading advertisements making false mileage claims regarding its car Tata Indigo. The commission observed that the customer was allured to buy the car due to the claims made in the advertisement, but test drives done on different dates showed that the car's mileage was not as promised. (ET).
The Reserve Bank of India (RBI) superseded the board of Yes Bank and imposed a month-long moratorium, it said in an announcement late on Thursday. It expects to arrive at a credible restructuring plan in the next few days. In more news, Yes Bank said in the filing that “we would like to clarify that as on date, the Bank has not received any such communication from RBI or any other the Government or Regulatory authorities or from the SBI and we are unaware of any such decision.". (BL).
Alembic Pharmaceuticals Limited has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Doxycycline Hyclate Tablets USP, 20 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD) Periostat Tablets, 20 mg of Galderma Laboratories, L.P. (Galderma). (ET).
Economy and Sector News
Singapore-based private equity firm Quadria Capital has raised $595 million for its second fund, Quadria Capital Fund II, exceeding its earlier $400 million target. The firm raised the funding from global asset managers, pension funds, sovereign wealth funds, insurance, healthcare corporates and development finance institutions across the US, Europe and Asia, Quadria Capital said in a statement. (BL).
The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report. (ET).
World food prices slipped in February, ending four months of successive increases, with the spread of coronavirus dampening demand for some products, the United Nations food agency said on Thursday. The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 180.5 points last month, down 1.0 per cent on January. (BL).
India Ratings and Research (Ind-Ra) has maintained a stable outlook on the overall infrastructure sector for FY21, while revising the outlook on toll roads and wind sector to negative from negative-to-stable and stable, respectively. (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 followed Europe's lead and headed south on Thursday as this week's wild ride for stocks continued. The Dow Jones Index closed at 26,121, down 969.58 points by 3.58%. The Standard & Poors 500 index closed at 3,024 down 106.18 points by 3.39%. The Nasdaq Composite Index closed at 8,739, down 279.49 points by 3.10%.

FTSE 100

UK markets were firmly in the red on Thursday following news that the COVID-19 coronavirus caseload was rising at an accelerating pace in several countries outside of the People's Republic of China. The FTSE 100 index closed at 6,705, down 110.16 points by 1.62%.

 
 
Global Indices
05/03/2020 Clsg Chg%
Dow Jones 26,121 -3.58
NASDAQ 8,739 -3.10
FTSE 100 6,705 -1.62
Bovespa 102,233 -4.65
06/03/2020 Latest
(7:18AM IST)
Chg%
Nikkei 20,820 -2.39
Hang Seng 26,392 -1.40

Nikkei

Asian shares fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown. Nikkei is currently trading at 20,280, down 509.26 points by 2.39%.

Precious Metals

Gold futures marked their highest settlement in over a week on Thursday, supported by weakness in the U.S. dollar, stocks and a slide in government bond yields as investors continued to worry about the outbreak of COVID-19 and its economic implications.

Base Metals

The three-month price of zinc on the London Metal Exchange was higher at the close of trading on Thursday March 5, breaching nearby resistance at the $2,000 per tonne level, while tin recorded its first close above $17,000 per tonne since January 24.

Crude Oil

U.S. crude CLc1 ticked up 0.87% to $46.3 a barrel. OPEC on Thursday agreed to a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak.

 
 
 

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
Email: retailresearch@acm.co.in

Research Analyst Registration Number:
INH000002483
CIN: U65990MH1993PLC075388

 
 

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