Morning Notes
09th Mar, 2020
 

Trading Range:

Nifty opened gap down at 10943  on Friday ang made a high and low of 11035 and 10827 respectively before closing negative at 10989.

Review/Outlook:

For the day, support for Nifty exists at 10850 and 10650 levels whereas resistance for Nifty stands at 11050 and 11200 levels.

Review/Outlook:

Bank Nifty opened a gap down at 27650, made a high of 28047, low of 27162, and closed negative at 27801. For the day, support for Bank Nifty exists at 27500 and 26500 levels whereas resistance for Bank Nifty stands at 28100 and 28600 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 37,576 -2.32
Nifty 10,989 -2.48
BSE 200 4,635 -2.39
BSE Midcap 14,227 -2.36
BSE Smallcap 13,330 -1.92
Dow Jones 25,865 -0.98
NASDAQ 8,575 -1.87
 

DERIVATIVES INDICATORS FOR MAR 09, 2020:

NIFTY 10989.45 (-279.55) (-2.48%)
NIFTY MAR FUTURE 10939.90 (49.55 Points Discount)
NIFTY PCR - OI 1.25 (-0.17)
NIFTY OPEN INTEREST 1.97 Cr. (+13.69%)
INDIA VIX 25.64 (+10.30%)
NIFTY ROLLOVER 12%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 11000 CE +4.86 lac Shares
CALL 10900 CE +3.28 lac Shares
PUT 10900 PE +2.15 lac Shares
PUT 11000 PE -0.52 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 15,530 -0.88
Bankex 31,988 -3.46
PSU 5,651 -3.77
Healthcare 13,968 -1.25
IT 15,384 -1.39
 
Market Turn Over (`cr)
Index 06/03 05/03
BSE Cash 2,913 2,396
NSE Cash 43,798 44,607
NSE F&O 844,568 3,712,514
BSE Delivery % 41.87 46.47
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 12.87 87.13
BSE 200 17.91 82.09
BSE 500 15.57 84.43
Total BSE 19.27 76.11
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 41.28 -10.07
Gold Rs./ 10 Gms 44158.00 -0.67
Silver Rs./ Kg 46969.00 -0.85
Rs.- US $ 74.01 +0.48
Rs.- Euro 83.99 +1.54
FII (Rs cr )
06/03* 05/03*
FIIs -2237.68 -789.43
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       98,804.00       6,752.45    1,35,174.00       9,734.74    2,44,437.00     19,223.31  (2,982.29)
Index Options  21,07,215.00  1,46,853.13  20,89,140.00  1,45,662.92    7,63,112.00     60,111.20   1,190.21
Stock Futures    2,94,542.00     17,443.70    2,83,243.00     16,680.42  14,65,141.00     87,106.02      763.28
Stock Options       84,330.00       5,524.58       85,751.00       5,636.10       62,321.00       3,831.46     (111.52)
Total  25,84,891.00  1,76,573.86  25,93,308.00  1,77,714.18  25,35,011.00  1,70,271.99  (1,140.32)
Corporate News
The Government has invited ‘Expression of Interest (EoI)’ for selling its entire stake in oil marketing company Bharat Petroleum Corporation Limited (BPCL). (BL).
Jaguar Land Rover, a subsidiary of Tata Motors, has been hit by the outbreak of the coronavirus, with its retail sales in China down by 85 per cent year-on-year in February; this is expected to recover only gradually. The spread of the virus to other markets such as South Korea, Japan, and Italy will also impact sales in those markets, Tata Motors said in a statement on Friday. (ET).
Natco Pharma Ltd has announced the completion of a pre-approval inspection from the United States Food and Drug Administration (USFDA) for its formulation facility in Kothur Village, near Hyderabad. The inspection was conducted from March 2 to 6. (BL).
Tata Steel expects its branded steel sales to retail and MSME sector to grow by 10 per cent in the current fiscal, amid slowdown in the economy, officials said on Friday. Tata Steel expects its branded steel sales to retail and MSME sector to grow by 10 per cent in the current fiscal, amid slowdown in the economy, officials said on Friday.. (ET).
In yet another setback for liquor baron Vijay Mallya, the Karnataka High Court on Friday dismissed an appeal filed by United Breweries (Holding) Ltd, the 102-year-old parent company of the UB Group, against the winding-up order passed in February 2018 for its failure to pay admitted liabilities to unsecured and secured creditors, including banks, per the corporate guarantees extended to Kingfisher Airlines Ltd. (BL).
Under its liquidation process, IVRCL Ltd has received a bid, through an e-auction, for the sale of the company as a going concern. After repeated postponement of the liquidation process, IVRCL received an offer, of ₹1,654.77 crore, from GABS Megacorp Ltd. (ET).
Vodafone Idea Ltd (VIL), which has self-assessed its adjusted gross revenue (AGR) dues, will have to pay Rs.21,533 crore as liabilities to the Department of Telecommunications (DoT). (BL).
Calling Reliance Industries Ltd (RIL) America’s Exxon, AT&T and Amazon rolled into one, research firm Sanford C Bernstein & Co, LLC has said the Mukesh Ambani-led conglomerate is at the start of a secular growth phase driven by telecom, retail and new-economy related businesses. (ET).
Maruti Suzuki’s marketing and sales efforts will be directed towards its network expansion, particularly in rural areas, as well as pushing sales of its compressed natural gas (CNG) cars. (BL).
The Reserve Bank of India has today placed in the public domain a draft scheme of reconstruction of the Yes Bank Ltd. The Reserve Bank invites suggestions and comments from members of the public, including the banks' shareholders, depositors and creditors on the draft scheme. The draft scheme has also been sent to Yes Bank and State Bank of India for their comments. (ET).
Economy and Sector News
Epsilon Carbon, a leading coal tar derivatives company, plans to invest Rs.900 crore in setting up a carbon black facility at Bellary in Karnataka. The first phase of the new facility is expected to be commissioned by the third quarter of FY21 with an initial capacity of 1.15 lakh tonnes per annum (tpa). It will be further expanded to over three lakh tpa by FY24. (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. Estimates published by United Nations Conference on Trade and Development (UNCTAD) on Wednesday said that the slowdown of manufacturing in China due to the coronavirus (COVID-19) outbreak is disrupting world trade and could result in a 50 billion dollar decrease in exports across global value chains. (ET).
The government has approved the proposals of software firm TCS and realty major DLF to set up special economic zones (SEZs) for IT sector in Haryana and Uttar Pradesh. The approval was given by the Board of Approval, the highest decision-making body for SEZs, in its meeting on February 26 here. The inter-ministerial body is chaired by the Commerce Secretary. TCS has proposed to set up an IT/ITeS SEZ in Noida, Uttar Pradesh, on 19.9 hectares land. The total proposed investment for the project is Rs.2,433.72 crore. (BL).
The government on Friday sought Parliament nod for an additional Rs.54,000-crore spending mainly to meet its obligation towards GST compensation to States and defence-related expenditure. Minister of State for Finance Anurag Thakur presented the second and final batch of supplementary demands for grants in the Lok Sabha. (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 closed lower on Friday as investors digested the latest monthly non-farm payrolls data and remained focus on the spreading coronavirus outbreak. The Dow Jones Index closed at 25,865, down 256.50 points by 0.98%. The Standard & Poors 500 index closed at 2,972 down 51.57 points by 1.71%. The Nasdaq Composite Index closed at 8,576, down 162.98 points by 1.87%.

FTSE 100

UK markets finished near their worst levels of the session on Friday, with oil and gas shares under the cosh after the Russian Federation refused to go ahead with another oil output cut alongside the Organisation of Petroleum Exporting Countries. The FTSE 100 index closed at 6,463, down 242.88 points by 3.62%.

 
 
Global Indices
06/03/2020 Clsg Chg%
Dow Jones 25,865 -0.98
NASDAQ 8,576 -1.87
FTSE 100 6,463 -3.62
Bovespa 97,997 -4.14
09/03/2020 Latest
(5:36AM IST)
Chg%
Nikkei 20,750 -2.72
Hang Seng 26,146 -2.32

Nikkei

Asian share markets started trading early in the morning on Monday on a negative note as the investors will be closely watching the US markets. Nikkei is currently trading at 20,750, down 579.37 points by 2.39%.

Precious Metals

Gold futures finished higher for the day and week on Friday as selling in stocks and sliding bond yields helped the precious metal to pick up $105.70 in the course of a week, marking the sharpest point and percentage gain over that period since 2011.

Base Metals

Modest outflows of metal failed to support the London Metal Exchange three-month aluminium price on Friday March 6, which closed at $1,685 per tonne after a turnover of more than 15,000 lots.

Crude Oil

Oil futures on Friday booked the biggest daily slide since 2014 as a deal between the Organization of the Petroleum Exporting Countries and its allies, led by Russia, collapsed in Vienna.

 
 
 

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Hrishikesh Yedve D: 91 22 2858 3207
Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213

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Email: retailresearch@acm.co.in

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