Morning Notes
10th Jan, 2020

Trading Range:

Nifty opened gap up at 12153 on Thursday and made a high and low of 12224 and 12133 respectively before closing positive at 12216.


For the day, support for Nifty exists at 12130 and 12080 levels whereas resistance for Nifty stands at 12260 and 12310 levels.


Bank Nifty opened gap up at 31748, made a high of 32173, low of 31667, and closed positive at 32092. For the day, support for Bank Nifty exists at 31800 and 31600 levels whereas resistance for Bank Nifty stands at 32300 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,452 +1.55
Nifty 12,216 +1.58
BSE 200 5,105 +1.53
BSE Midcap 15,098 +1.51
BSE Smallcap 14,089 +1.55
Dow Jones 28,957 +0.74
NASDAQ 9,203 +0.81


NIFTY 12215.90 (+190.55) (+1.58%)
NIFTY JAN FUTURE 12269.75 (53.85 Points Premium)
NIFTY PCR - OI 1.59 (+0.34)
NIFTY OPEN INTEREST 1.45 Cr. (+9.43%)
INDIA VIX 13.99 (-10.50%)


CALL 12300 CE -1.81 lac Shares
CALL 12200 CE +1.23 lac Shares
PUT 12000 PE +4.59 lac Shares
PUT 12200 PE +7.00 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,293 +2.64
Bankex 36,591 +2.29
PSU 6,876 +1.66
Healthcare 13,533 +0.73
IT 15,676 -0.11
Market Turn Over (`cr)
Index 09/01 08/01
BSE Cash 3,213 3,824
NSE Cash 35,565 32,558
NSE F&O 3,289,897 1,785,939
BSE Delivery % 47.73 41.41
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 85.15 13.86
BSE 200 82.59 16.92
BSE 500 84.03 15.77
Total BSE 65.58 26.94
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 59.56 -0.08
Gold Rs./ 10 Gms 39830.00 -0.70
Silver Rs./ Kg 46579.00 -1.71
Rs.- US $ 71.22 -0.48
Rs.- Euro 79.11 -0.52
FII (Rs cr )
09/01* 08/01*
FIIs -344.75 -612.90
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       70,730.00       5,857.79       58,533.00       4,413.26    1,49,957.00     12,943.53  1,444.53
Index Options  59,16,691.00  4,14,424.52  58,38,919.00  4,08,487.85    6,44,134.00     54,909.73  5,936.67
Stock Futures    1,74,332.00     11,959.22    1,69,769.00     11,770.24  14,68,933.00     98,967.78     188.98
Stock Options       61,670.00       4,609.03       59,073.00       4,401.29       62,215.00       4,309.77     207.74
Total  62,23,423.00  4,36,850.56  61,26,294.00  4,29,072.64  23,25,239.00  1,71,130.81  7,777.92
Corporate News
Coal resources available to Coal India Ltd (CIL) has seen a boost of over 8.3 billion tonnes (bt) following allocation of 16 blocks by the Centre. The Maharatna PSU’s capacity now stands at 172 bt; or around 54 per cent of the country’s entire coal resource. (BL).
Truck and bus maker Ashok Leyland and ABB Power Products and Systems India Ltd have signed an agreement for development former’s new electric buses using latter’s fastest flash-charging technology to advance urban mobility while cutting down carbon emissions. (ET).
Mahindra & Mahindra (M&M) on Thursday said the company will launch the electric version of its mini sports utility vehicle (SUV), KUV100, at sub-Rs.9 lakh in the first quarter of the next financial year. (BL).
IL&FS has sought Expression of Interest (EoI) for acquiring its entire stake in GRICL Rail Bridge Development Company Ltd (GRBDCL). ITNL, a wholly owned subsidiary of IL&FS is the promoter shareholder of GRBDCL and holds 100 per cent of the equity shares of the company. GRBDCL is an under construction BOT asset of ITNL that will develop rail over bridges in Gujarat. IL&FS said that interested and eligible parties would have to submit their EoIs at 5 pm on January 16. (BL).
Reliance Infrastructure has received in-principle approval from the National Highways Authority of India (NHAI) for Harmonious Substitution of the Delhi-Agra (DA) Toll Road project to Cube Highways. (ET).
India's antitrust regulator is looking into allegations that Maruti Suzuki, the country's biggest car maker, pushes buyers to purchase insurance policies offered by the company. (BL).
The automobile industry may see a recovery in growth from the second half of the next fiscal year onwards, said Guenter Butschek, CEO and MD, Tata Motors. The completed transition to the BS-VI emission norms, the expected acceptance of BS-VI solutions by customers, as well as the expected recovery in the economy are the reasons he cited. (ET).
Global corporation TCL has announced the launch of a range of AI-powered smart televisions and air-conditioners, as well as the TCL Home app for Android and iOS, in the Indian market. TCL has been bullish on garnering a larger share of the Indian TV market with its affordable range of TVs. It recently invested over Rs.2,000 crore in a large panel factory in Tirupati, Andhra Pradesh, according to reports. The new range of AI-enabled smart TVs and air-conditioners is expected to further help the Chinese electronics company expand its portfolio in the Indian home appliances market. (BS).
The family feud at the Rs.40,000-crore Murugappa Group shows no signs of an early amicable settlement , with Valli Arunachalam still waiting for a “concrete offer”. (ET).
Coffee Day Enterprises on Thursday said it has defaulted on payment of loans taken from banks and others. In a notice to stock exchanges, the coffee chain said it had defaulted on loans worth Rs.280 crore taken from banks and financial institutions. The default on interest payment on these loans was Rs.1.8 crore. (ET).
Economy and Sector News
Tesla has become the highest valued US automaker of all time, closing at $81.39 billion on Monday, surpassing General Motors and Fiat Chrysler, according to reports. Tesla reached a market value of $81.39 billion on Monday before closing, surpassing Ford Motor’s record valuation of $80.81 billion in 1999, according to a report in the Wall Street Journal. In more news, Bridge and Roof Company (India) Ltd, a construction company under the Department of Heavy Industry, is looking to re-enter the roads sector and wagon manufacturing. Power, oil and railways currently contribute a major part of the company’s total turnover, which stood at around Rs.3,082 crore in 2018-19. (BL).
The World Bank on Wednesday lowered its growth estimate for India to 5 per cent for the current fiscal from the earlier projection of 6 per cent. This is in line with the RBI’s and the government’s latest projection of 5 per cent growth rate for 2019-20. The multilateral agency has forecast global economic growth at 2.5 per cent in 2020. India, where weakness in credit from non-bank financial companies is expected to linger, growth is projected to slow to 5 per cent in FY 2019-20, which ends March 31 and recover to 5.8 per cent the following fiscal year, the World Bank said in its January report of ‘2020 Global Economic Prospects’. (ET).
The Enforcement Directorate (ED) has provisionally attached assets comprising land, real estate projects, commercial projects, residential houses, a school, cinema hall, balances in bank accounts and fixed deposits totalling Rs.2,510.82 crore of the SRS Group, its promoters, their family members and associate companies, in a cheating and fraud case, according to an ED press statement. (BL).
According to the Association of Mutual Funds in India (AMFI) said in the note that mutual fund houses have witnessed an overall outflow of Rs61,809cr in December 2019 as against an inflow of Rs54,419cr last November. Equity funds saw a net infusion in December of Rs4,432cr as compared to the net flow of Rs933cr seen in November and Rs6,015cr in October. Equity funds saw an inflow of Rs6,606cr in the same month of the last year. Equity mutual funds held total assets under management (AUM) of Rs7.71 lakh cr as on December 31, 2019. Collection through SIPs surged to over Rs8,518cr in December 2019 from Rs8,273cr in the preceding month. The asset base of SIP increased to an all-time high of Rs3.17 lakh cr from Rs3.12 lakh cr, AMFI added. (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 registered record closing highs on Thursday as optimism about a U.S.-China trade deal firmed and as Apple and other market heavyweights posted strong gains. The Dow Jones Index closed at 28,957, up 211.81 points by 0.74%. The Standard & Poors 500 index closed at 3,275, up 21.65 points by 0.67%. The Nasdaq Composite Index closed at 9,203, up 74.18 points by 0.81%.

FTSE 100

UK markets mainly remained positive by the close on Thursday, amid easing geopolitical tensions, with all eyes on the retail sector after updates from the likes of Marks & Spencer and Tesco. The FTSE 100 index closed at 7,598, up 23.19 points by 0.31%.

Global Indices
09/01/2019 Clsg Chg%
Dow Jones 28,957 +0.74
NASDAQ 9,203 +0.81
FTSE 100 7,598 +0.31
Bovespa 115,947 -0.26
10/01/2020 Latest
(4:39AM IST)
Nikkei 23,739 +2.31
Hang Seng 28,561 +1.68


Asian markets started trading early in the morning on Friday on a positive note as the investors watch the US markets closely. Nikkei is currently trading at 23,739, up 535.11 points by 2.31%.

Precious Metals

Gold futures finished lower Thursday as appetite for assets considered risky overtook those viewed as havens, amid signs of easing Mideast tensions and progress toward a China-U.S. first-round trade pact.

Base Metals

The three-month zinc price on the London Metal Exchange had declined at the close of trading on Thursday January 9, dipping below nearby support levels after a fresh inflow of 1,500 tonnes into Singapore capped momentum gained earlier in the week.

Crude Oil

Oil futures end lower for a third session on Thursday, as traders digested data that revealed a big jump in crude stockpiles in the U.S., and as Mideast tensions saw some apparent easing.


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