Morning Notes
11th Mar, 2020
 

Trading Range:

Nifty opened gap down at 10742 on Monday and made a high and low of 10752 and 10294 respectively before closing negative at 10451.

Review/Outlook:

For the day, support for Nifty exists at 10200 and 10000 levels whereas resistance for Nifty stands at 10650 and 11000 levels.

Review/Outlook:

Bank Nifty opened a gap down at 27031, made a high of 27092,  low of 25923, and closed negative at 26463. For the day, support for Bank Nifty exists at 25900 and 25500 levels whereas resistance for Bank Nifty stands at 27000 and 27500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 35,635 -5.17
Nifty 10,451 -4.90
BSE 200 4,411 -4.84
BSE Midcap 13,554 -4.73
BSE Smallcap 12,771 -4.20
Dow Jones 25,018 +4.89
NASDAQ 8,344 +4.95
 

DERIVATIVES INDICATORS FOR MAR 11, 2020:

NIFTY 10451.45 (-538.00) (-4.90%)
NIFTY MAR FUTURE 10462.35 (10.90 Points Premium)
NIFTY PCR - OI 1.04 (-0.21)
NIFTY OPEN INTEREST 1.98 Cr. (+0.15%)
INDIA VIX 30.80 (+20.11%)
NIFTY ROLLOVER 13%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 10500 CE +5.66 lac Shares
CALL 10700 CE +4.45 lac Shares
PUT 10500 PE -2.60 lac Shares
PUT 10400 PE +2.63 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 14,963 -3.66
Bankex 30,384 -5.01
PSU 5,375 -4.89
Healthcare 13,505 -3.31
IT 14,554 -5.40
 
Market Turn Over (`cr)
Index 09/03 06/03
BSE Cash 2,659 2,913
NSE Cash 53,061 43,798
NSE F&O 1,170,647 844,568
BSE Delivery % 41.04 41.87
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 3.08 96.92
BSE 200 5.97 93.53
BSE 500 6.19 93.61
Total BSE 12.00 81.87
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 33.92 -1.28
Gold Rs./ 10 Gms 43740.00 -1.38
Silver Rs./ Kg 46122.00 -1.26
Rs.- US $ 74.21 -0.27
Rs.- Euro 83.92 -0.08
FII (Rs cr )
09/03* 06/03*
FIIs -3480.85 -2237.68
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    1,58,631.00     11,044.15    1,55,246.00     10,822.47    2,46,592.00     18,486.24     221.68
Index Options  32,43,937.00  2,16,175.30  32,14,627.00  2,14,094.92    9,06,144.00     67,679.31  2,080.38
Stock Futures    3,61,613.00     20,282.02    3,41,331.00     19,688.95  14,68,341.00     83,654.18     593.07
Stock Options    1,09,410.00       6,913.15    1,10,631.00       6,940.64       66,376.00       3,861.04      (27.49)
Total  38,73,591.00  2,54,414.62  38,21,835.00  2,51,546.98  26,87,453.00  1,73,680.77  2,867.64
Corporate News
Mukesh Ambani, Reliance Industries MD, has lost the title of Asia’s richest man to Alibaba Founder Jack Ma. According to the Bloomberg Billionaires Index, Jack Ma’s networth is at $44.8 billion while Ambani’s continues to be India’s richest man with a fortune of $41.8 billion. Amazon CEO Jeff Bezos continues to be the world’s richest man even though he lost $5.6 billion on Monday. (BL).
UAE-headquartered GP Global is set to provide non-conventional energy solutions to Indian industries. The oil and gas trading firm is setting up a biomass boiler for metals major Hindalco Ltd, even as it is in talks with pharmaceuticals and ceramics players, among others, to provide similar solutions. (ET).
British oil explorer Cairn Energy Plc expects an international arbitral tribunal to give a decree by the summer of 2020 on its challenge to the Indian government seeking Rs.10,247 crore in retrospective taxes. (BL).
Mahindra & Mahindra Ltd on Monday announced the market launch of its locally assembled pick-ups in Kenya in collaboration with the Simba Corporation. This is part of its strategy to go local in the overseas markets. (ET).
State-owned power giant NTPC has decided to extend the deadline for defaulting Discoms to pay outstanding dues till Tuesday next week, post which electricity supply will be snapped. (BL).
Pennar Industries Limited, the Hyderabad-based engineering products and solutions company, has bagged orders worth Rs.550 crore across its business verticals during February. (ET).
PTC India has bagged consulting projects worth Rs.75 crore from state-owned Energy Efficiency Services Ltd (EESL). (BL).
RPP Infra Projects has bagged an order worth Rs.77.52 crore in Tamil Nadu, according to a regulatory filing by the company. (ET).
The final restructuring plan for Yes Bank will be presented to the cabinet for approval, said people with knowledge of the matter. The Reserve Bank of India (RBI) will finalise it after considering feedback on the draft scheme placed in the public domain on Friday. (BL).
Economy and Sector News
Energy titan Saudi Aramco said Tuesday it will boost its supply of crude oil to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia. (BL).
The domestic tourism industry is likely to suffer a revenue loss of at least $300 million with a large number of tourists deciding to cancel their trips due to the coronavirus scare, according to an industry insider. There has been a drop of 67 per cent in inbound tourism since January as compared to the same period last year. On the other hand, there is a dip of 52 per cent in the outbound travel for the same period. It seems March is going to be even worse than February. (ET).
Tea Board has issued showcause notices to 16 biofertiliser and eight instant tea factories located in different parts of South India for alleged violations of statutory requirements. (BL).
From Indian tycoon Anil Agarwal’s metals and mining company to American shale explorers, the historic crash in oil prices has left energy companies that loaded up on debt vulnerable. (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 sharply higher on Tuesday following the Dow Jones and S&P 500's worst daily showings since the Global Financial Crisis in the previous session. The Dow Jones Index closed at 25,018, up 1,167.14 points by 4.89%. The Standard & Poors 500 index closed at 2,882 up 135.67 points by 4.94%. The Nasdaq Composite Index closed at 8,344, up 393.58 points by 4.95%.

FTSE 100

UK markets finished flat on Tuesday, with the bounce from the heavy losses sustained during the previous session petering out as reports indicated that measures to help the US economy might take some time to make their way through Congress. The FTSE 100 index closed at 5,960, down 5.54 points by 0.09%.

 
 
Global Indices
09/03/2020 Clsg Chg%
Dow Jones 25,018 +4.89
NASDAQ 8,344 +4.95
FTSE 100 5,960 -0.09
Bovespa 92,214 +7.14
10/03/2020 Latest
(6:06AM IST)
Chg%
Nikkei 19,962 +0.48
Hang Seng 25,393 +1.41

Nikkei

Asian share markets started trading early in the morning on Wednesday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 19,962, up 95.13 points by 0.48%.

Precious Metals

Gold futures settled lower on Tuesday for the first time in four sessions as U.S. stocks looked to rebound from their steepest one-day loss since 2008 and as government bond yields jumped off historic lows seen after a coronavirus and crude-oil sparked plunge on Monday.

Base Metals

Three-month prices of base metals trading on the London Metal Exchange rebounded at the close on Tuesday March 10 due to suggestions that the worst of the novel coronavirus (2019-nCoV) in China may be over.

Crude Oil

The sharpest one day fall in oil markets since the 1991 Gulf War on Monday revealed familiar cracks in the corporate credit market.

 
 
 

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