Morning Notes
10th Dec, 2019

Trading Range:

Nifty opened gap up at 12939 on Monday and made a high and low of 11982 and 11888 respectively before closing positive at 11938.


For the day, support for Nifty exists at 11880 and 11790 levels whereas resistance for Nifty stands at 12000 and 12050 level.


Bank Nifty opened gap down at 31321, made a high of 31538, low of 31122, and closed negative at flat to negative at 31317. For the day, support for Bank Nifty exists at 31100 and 30900 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,487 +0.10
Nifty 11,938 +0.13
BSE 200 4,978 +0.08
BSE Midcap 14,683 +0.11
BSE Smallcap 13,281 -0.44
Dow Jones 27,910 -0.38
NASDAQ 8,622 -0.40


NIFTY 11937.50 (+16.00) (+0.13%)
NIFTY DEC FUTURE 11966.70 (29.20 Points Premium)
NIFTY PCR - OI 1.32(+0.07)
NIFTY OPEN INTEREST 1.39 Cr. (-0.60%)
INDIA VIX 14.59 (+7.02%)


CALL 12000 CE +1.47 lac Shares
CALL 11900 CE +0.61 lac Shares
PUT 11800 PE +1.07 lac Shares
PUT 11900 PE +1.71 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,625 +0.75
Bankex 35,713 -0.11
PSU 6,735 +0.07
Healthcare 13,322 -0.20
IT 15,020 -1.02
Market Turn Over (`cr)
Index 09/12 06/12
BSE Cash 10,913 1,767
NSE Cash 30,353 33,124
NSE F&O 991,452 1,003,596
BSE Delivery % 42.30 40.97
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 52.48 46.53
BSE 200 48.76 50.25
BSE 500 37.92 61.28
Total BSE 38.35 54.83
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 58.85 -0.29
Gold Rs./ 10 Gms 37583.00 -0.31
Silver Rs./ Kg 43502.00 -0.10
Rs.- US $ 71.03 -0.36
Rs.- Euro 78.59 -0.28
FII (Rs cr )
09/12* 06/12*
FIIs -73.96 +437.41
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       29,716.00       2,214.58       28,557.00       2,199.28    1,55,924.00     13,126.06       15.30
Index Options  30,42,460.00  2,14,062.00  30,33,741.00  2,13,378.95    5,62,575.00     47,195.38     683.05
Stock Futures    1,92,151.00     11,223.66    1,79,659.00     10,556.40  15,85,461.00     93,989.67     667.26
Stock Options       58,493.00       3,887.30       58,425.00       3,863.64       58,671.00       3,359.91       23.66
Total  33,22,820.00  2,31,387.54  33,00,382.00  2,29,998.27  23,62,631.00  1,57,671.02  1,389.27
Corporate News
Pure play water tech firm, VA Tech Wabag Limited, has executed the Tertiary Treatment Reverse Osmosis (TTRO) plant for the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) in Koyambedu , Chennai. This is one of the largest and technologically advanced water reuse plants in India. (BL).
Two-wheeler market leader Hero MotoCorp on Monday said that it will increase prices of its motorcycles and scooters by up to Rs.2,000 from January. The price hike will be across range of two-wheelers and the exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. The price hike will be across range of two-wheelers and the exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. (ET).
Tata Steel has rolled out a new HR policy that enables its employees from the LGBTQ+ (lesbian, gay, bisexual, transgender, questioning and related communities) to declare who their partners are and avail all HR benefits permissible under the law. Partners would also mean people of the same sex living like a married couple. Under the expanded Diversity and Inclusion policy, Tata Steel employees and their partners will be able to avail of a host of benefits, including health check-ups, medical benefits, joint house points, adoption leave, new-born parent leave, child-care leave and inclusion in the employee-assistance programme. (BL).
Procter & Gamble Health Limited (formerly known as Merck Limited) has announced the launch of Panache, a platform to support India’s Gen X doctors in their medical education journey. India has over 65,000 medical students enrolled in 450 medical colleges, among whom 30,000 post graduate students will soon enter the professional world. Intended to supplement their core medical curriculum, Panache aims to assist students in honing crucial skills for holistic patient care. More than 10,200 students have already enrolled for Panache nationwide. (ET).
French pharmaceutical giant Sanofi said on Monday it had agreed to buy US biotech firm Synthorx to boost its immuno-oncology portfolio. Sanofi said it will pay $2.5 billion for the US company which specialises in treatments prolonging and improving the lives of cancer patients or those with auto-immune disorders. (BL).
State-run Bank of India on Monday revised its one-year MCLR-based lending rates by up to 20 basis points across various tenors, effective Tuesday. The move comes hours after the larger peer State Bank of India announced 10 bps reduction to 9.90 percent in its one-year MCLR or marginal cost-based lending rates-based loan pricing. This makes the SBI rates the cheapest and this is the eighth consecutive lending rate reduction by the largest lender since the beginning of the fiscal. The city-based lender has reduced its MCLR for overnight rates by 20 bps while for other tenors the cut is 10 basis points, a bank statement said, adding the overnight rates will stand at 7.75 percent. The new one-year MCLR is fixed at 8.20 percent as against 8.30 percent. (BL).
Jagran Prakashan board approved the buyback of the company's fully paid-up equity shares for an aggregate amount not exceeding Rs101.25cr at a price not exceeding Rs75 per equity share. The Maximum Buyback Size represents 8.56% and 5.55% of the aggregate of the total paid- capital and free reserves of the Company based on the audited standalone and consolidated financial statements of the Company as at March 31, 2019, respectively (being the latest available audited financial statements of the Company), which is less than 10% of the total paid-up capital and free reserves of the Company and in accordance with the proviso to Regulation 5(i)(b) of the Buyback Regulations and Section 68(2)(b) of the Companies Act. (BL).
Economy and Sector News
India Yamaha Motor (IYM) on Monday launched BS-VI compliant YZF-R15 Version 3.0 motorcycle model with price starting at Rs 1.45 lakh (ex-showroom Delhi). The 155cc will be available across all company dealerships in India from the third week of December 2019, IYM said in a statement. In more news, FableStreet, a premium work wear brand for women, has raised Rs.21 crore in Series A led by Fireside Ventures. Industry honchos, including Pradeep Parameswaran, President for Uber India and South Asia; Dilip Khandelwal, MD and head of Technology of Deutsche Bank and Suhail Sameer, CEO at RP-Sanjiv Goenka Group (FMCG), have also participated in this round and invested in their personal capacities. (BL).
India inched up one spot to rank 129th out of 189 countries on the 2019 Human Development Index (HDI) released by the United Nations Development Programme (UNDP) on Monday. Inequality and deprivation continue to be high in the country. In more news, the Centre on Monday further cut onion stock holding limits imposed on retail traders to 2 tonnes from the recently-revised 5 tonnes as it suspected widespread hoarding by the traders, an official statement said. he Centre on Monday further cut onion stock holding limits imposed on retail traders to 2 tonnes from the recently-revised 5 tonnes as it suspected widespread hoarding by the traders, an official statement said. (ET).
For mutual funds, November told a tale of two extremes. For regular inflows into Mumbai’s money-management industry, it was the best of times: For equity funds, it was among the worst – at least in recent memory. Inflows into equity schemes hit a 41-month low of Rs 1,312 crore, but monthly collections through systematic investment plans (SIP) hit an all-time high of Rs 8,273 crore. And these coincided with the two biggest equity indices hitting records. In more news, Public sector banks (PSBs) returned to profitability in 2019-20, posting an aggregate profit of Rs 3,221 crore in the first half ending September, Minister of State for Finance Anurag Singh Thakur said in Parliament on Monday. PSBs had posted huge losses in 2017-18 and 2018-19 financial years due to heavy provisioning for non-performing assets and other contingencies, according to the minister. State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively. (BL).
Petrol price on Monday hit Rs 75 a litre mark for the first time in more than a year as oil firms raised rates to make up for rising cost of production. Petrol price was on Monday hiked by 5 paise per litre and diesel by 10 paise a litre, according to daily price notification of state-owned oil firms. The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre. Rates have been on the rise since November 9, barring one day. Cumulatively, petrol price has been increased by Rs 2.30 per litre in the last one month. Diesel prices, however, have been moderate in their movement, hovering in between Rs 65-66 per litre range. (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 Monday as investors awaited further updates on US-China trade. The Dow Jones Index closed at 27,910, down 105.46 points by 0.38%. The Standard & Poors 500 index closed at 3,136, down 9.95 points by 0.32%. The Nasdaq Composite Index closed at 8,622, down 34.70 points by 0.40%.

FTSE 100

UK markets dipped on Monday, with Tullow Oil under the cosh after a disappointing update, as investors eyed a busy week that includes rate decisions from the Federal Reserve and the European Central Bank, the UK general election and the Sino-US trade deadline. The FTSE 100 index closed at 7,234, down 5.76 points by 0.08%.

Global Indices
09/12/2019 Clsg Chg%
Dow Jones 27,910 -0.38
NASDAQ 8,622 -0.40
FTSE 100 7,234 -0.08
Bovespa 110,977 -0.13
10/12/2019 Latest
(5:11AM IST)
Nikkei 23,431 +0.33
Hang Seng 26,495 -0.01


Asian stocks started trading early in the morning on Tuesday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 23,431, up 76.30 points by 0.33%.

Precious Metals

Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the Federal Reserve and a U.K. general election that could roil markets.

Base Metals

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday December 9, holding firmly above the $6,000 per tonne support level while turnover topped the base metals complex.

Crude Oil

Oil futures fell on Monday, but settled above the session’s worst levels, as traders weighed expectations for energy demand, with some economic weakness in China raising concerns over a slowdown, but news of tentative U.S.-Mexico-Canada trade deal offering support.


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