Morning Notes
13th Jan, 2020
 

Trading Range:

Nifty opened gap up at 12271 on Friday and made a high and low of 12311 and 12213 respectively before closing positive at 12257.

Review/Outlook:

For the day, support for Nifty exists at 12190 and 12100 levels whereas resistance for Nifty stands at 12310 and 12370 levels.

Review/Outlook:

Bank Nifty opened gap up at 32216, made a high of 32347, low of 31953, and closed flat at 32097. For the day, support for Bank Nifty exists at 31800 and 31600 levels whereas resistance for Bank Nifty stands at 32350 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,600 +0.36
Nifty 12,257 +0.33
BSE 200 5,122 +0.34
BSE Midcap 15,159 +0.40
BSE Smallcap 14,148 +0.42
Dow Jones 28,824 -0.46
NASDAQ 9,179 -0.27
 

DERIVATIVES INDICATORS FOR JAN 13, 2020:

NIFTY 12256.80 (+40.90) (+0.33%)
NIFTY JAN FUTURE 12290.00 (33.20 Points Premium)
NIFTY PCR - OI 1.55 (-0.04)
NIFTY OPEN INTEREST 1.46 Cr. (+1.24%)
INDIA VIX 14.07 (+0.57%)
NIFTY ROLLOVER 10%

NIFTY OPTIONS ACTIVITY (30-JAN SERIES)

CALL 12300 CE -4.25 lac Shares
CALL 12400 CE -1.11 lac Shares
PUT 12200 PE +1.16 lac Shares
PUT 12300 PE +2.91 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,442 +0.81
Bankex 36,598 +0.02
PSU 6,921 +0.65
Healthcare 13,579 +0.34
IT 15,760 +0.54
 
Market Turn Over (`cr)
Index 10/01 09/01
BSE Cash 3,088 3,213
NSE Cash 35,757 35,565
NSE F&O 1,043,298 3,289,897
BSE Delivery % 43.42 47.73
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 59.41 40.59
BSE 200 59.20 39.80
BSE 500 59.08 40.32
Total BSE 52.84 41.33
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 59.04 -0.87
Gold Rs./ 10 Gms 39871.00 +0.10
Silver Rs./ Kg 46911.00 +0.71
Rs.- US $ 70.96 -0.37
Rs.- Euro 78.88 -0.29
FII (Rs cr )
10/01* 09/01*
FIIs +156.51 -344.75
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       42,493.00       3,397.29       39,288.00       3,089.01    1,55,662.00     13,481.15   308.28
Index Options  26,18,386.00  1,94,090.00  26,09,531.00  1,93,422.68    6,98,547.00     58,836.28   667.32
Stock Futures    1,65,828.00     11,680.99    1,69,932.00     12,086.28  14,83,615.00  1,00,100.60  (405.29)
Stock Options       65,231.00       4,967.35       65,660.00       5,013.66       65,880.00       4,606.15    (46.31)
Total  28,91,938.00  2,14,135.63  28,84,411.00  2,13,611.63  24,03,704.00  1,77,024.18   524.00
Corporate News
Tata-SIA joint venture airline Vistara has started phasing out nine Boeing 737 planes from this month amid induction of the latest batch of A320 neos in the fleet. These planes were leased by the company after the grounding of Jet Airways. (BL).
Japan-based Panasonic Corporation’s Indian subsidiary Panasonic Life Solutions is eyeing Rs.500 crore revenues from its solar business in the next 3-4 years, with focus to become a leading rooftop EPC player. (ET).
Tata Global Beverages Overseas Holdings Ltd, the subsidiary of Tata Global Beverages Ltd, has entered into an agreement with Dr Muller Pharma s.r.o. and its subsidiary company for selling 100 per cent of the equity shareholding in Tata Global Beverages Czech Republic a.s. for € 4 million (Rs 31.7 crore). (BL).
Tata Motors on Saturday reported a 3 per cent decline in global sales, including that of Jaguar Land Rover, at 97,348 units in December. Global wholesale units of all Tata Motors’ commercial vehicles and Tata Daewoo range last month stood at 34,526 units, down 15 per cent, from December 2018, the company said in a statement. The company’s global sales of all passenger vehicles were at 62,822 units, up 5 per cent from December 2018, it added. (BL).
State-owned Indian miner NMDC is poised to win a multibillion-dollar contract to explore and mine diamonds at a large project abandoned by global miner Rio Tinto, a leading local government official told Reuters. (ET).
Drug firm Lupin on Saturday said it has received two observations from the US health regulator following the inspection of its Nagpur manufacturing facility. (BL).
Reliance Inceptum Pvt Ltd has informed the exchanges that the shareholding of the promoter group in Reliance Capital Ltd has come down from 33.36 per cent to 29.40 per cent following invocation of pledged shares on January 8, 2020. Reliance Inceptum Pvt Ltd has informed the exchanges that the shareholding of the promoter group in Reliance Capital Ltd has come down from 33.36 per cent to 29.40 per cent following invocation of pledged shares on January 8, 2020. (ET).
Crisil has assigned ‘CRISIL B+/Stable’ rating to the long-term bank facilities of Kamal Haasan (KH), a proprietary firm of actor Kamal Haasan. The rating is for the long-term banking loan facility to the tune of Rs.25 crore. (BS).
Drug firm Granules India is recalling over 2.3 crore ranitidine tablets, used to treat ulcers of the stomach and intestines, from the US market, the latest report of the American health regulator said. According to the Enforcement Report of the United States Food and Drug Administration (USFDA), the company is recalling 23,090,000 Ranitidine tablets USP 150mg, 10,000 count bag on account of “CGMP deviations: Impurity N-nitrosodimethylamine (NDMA) found in API”. (BL).
Snowman Logistics, which is being acquired by billionaire Gautam Adani’s logistics arm Adani Logistics, on Friday announced the opening of the open offer from February 18. The open offer for additional 26 per cent stake of over 4.34 crore equity shares at Rs.44 a share, will close on March 4, Snowman said in an exchange filing. (BL).
IndianOil and Oil India Ltd (OIL) have signed an agreement to collaborate on a CO2-assisted Enhanced Oil Recovery (EOR) project in Assam. The two will develop Carbon Capture, Utilisation and Storage (CCUS) as an effective emissions mitigation tool to combat climate change. Injecting CO2 into oil reservoirs for effecting EOR offers a potentially attractive way to spur greater CCUS action to support climate change-related carbon storage objectives as well as improve oil-well productivity, an IndianOil statement said. (BS).
Tata Steel has announced that Tata Steel Netherlands Holdings BV, a wholly-owned subsidiary of Tata Steel, has executed agreements for the refinancing of its bank debt. TSNBHV has raised term loan facilities of euro 1.75 billion from 19 banks. This represents a reduction of euro 500 million versus the external debt outstanding in Tata Steel Europe as of March 2019. (ET).
Lenders of Hindustan Construction Co Ltd (HCC) on Friday initiated a carve-out of about Rs.2,100 crore of debt to a third-party-controlled special purpose vehicle (SPV) along with certain arbitration awards and claims, the infrastructure company said in a statement. (BL).
GAIL (India) Limited is looking to invest in start-ups operating in renewable and alternate energy sources like Compressed Bio Gas production. A company statement said that the company has opened its 4th round of applications for solicitation of investment proposals from start-ups. (BL).
Fintech platform BharatPe is planning to hire over 75 engineers and project managers this year to expand its technology team and will set up a tech-hub in Delhi for the expanded team. (BL).
Economy and Sector News
The final size of Saudi Aramco’s initial public offering (IPO) jumped one month after its debut in Riyadh. Goldman Sachs Group Inc, one of the underwriters of the world’s biggest IPO, exercised the over-allotment option and increased the offering to $29.4 billion, according to a statement. It said 450 million additional shares were placed at 32 riyals ($8.53) with investors during the book-building process. In more news, Various states have cumulatively written off a whopping Rs 4.7 lakh crore of farm loans in the past one decade, which is 82 per cent of the industry-level bad loans, according to a report. In FY19, farm loan non-performing assets (NPAs) jumped to 12.4 per cent or at 1.1 lakh crore of the Rs 8,79,000 crore of total bad loans in the system, up from Rs 48,800 crore or 8.6 per cent of the total NPAs of Rs 5,6,6,620 crore in FY16, the report by the State Bank of India (SBI) Research said. (BL).
The country’s 12 major ports recorded a marginal 0.98 per cent growth in cargo volumes at 524.02 million tonnes (MT) during the April-December period this year, according to the Indian Ports Association (IPA). The ports had handled 518.93 MT of cargo during the corresponding period of the last fiscal. India has 12 major ports are: Deendayal (erstwhile Kandla), Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (earlier Ennore), VO Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia). While the handling of iron ore saw a 32.01 per cent jump to 39.36 MT during the period, thermal coal shipments declined by 17.08 per cent to 65.97 MT, the IPA data showed. In more news, The country’s foreign exchange reserves touched a record high of $461.157 billion, after it surged by $3.689 billion in the week to January 3, according to the Reserve Bank of India (RBI) data. In the previous week, the reserves had risen by $2.52 billion to $454.948 billion. (ET).
The total corporate funding into global solar sector rose 20 per cent to $11.7 billion in 2019 from $9.7 billion raised in 2018, according to a study by Mercom Capital Group. In more news, Adopting a cautious approach amid the US-Iran tensions, foreign portfolio investors (FPI) have pulled out a net sum of Rs 2,415 crore from the Indian capital markets in January so far. As per latest depositories data, FPIs invested a net amount of Rs 777 crore in equities and pulled out Rs 3,192.7 crore from the debt segment between January 1-10. This translates into a cumulative net outflow of Rs 2,415.7 crore. Overseas investors have turned net sellers in January after remaining buyers for four consecutive months since September 2019. (BL).
Non-life insurance companies reported a rise of 11.5 per cent in premium collections at Rs 15,980.81 crore in December 2019, showed Irdai data. As many as thirty-four non-life insurance companies had collected a total premium of Rs 14,334.98 crore in the same month a year ago. Of all the insurers, 25 general insurance firms reported a rise of 4 per cent in their combined premium during December at Rs 14,037.51 crore, as against Rs 13,502.48 crore in the year ago period, according to the Insurance Regulatory and Development Authority of India (Irdai) data. Seven stand-alone private sector health insurers collected Rs 1,258.14 crore premium during the month, up by 16.3 per cent from a year ago. Two specialised PSU insurers - Agricultural Insurance Company of India Limited and ECGC Limited - earned Rs 685.16 crore as premium income in December 2019. There was a combined premium income loss of Rs 249.32 crore for the 'specialised PSU insurers' category in the year-ago period, showed the data. (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 despite the Dow Jones briefly breaking the psychologically-important 29,000 point level earlier in the session as a disappointing jobs report weighed on sentiment. The Dow Jones Index closed at 28,824, down 133.13 points by 0.46%. The Standard & Poors 500 index closed at 3,265, down 9.35 points by 0.29%. The Nasdaq Composite Index closed at 9,179, down 24.57 points by 0.27%.

FTSE 100

UK markets finished lower on Friday as investors on either side of the Atlantic digested what at first glance appeared to be a disappointing US non-farm payrolls report for the month of December. The FTSE 100 index closed at 7,588, down 10.27 points by 0.14%.

 
 
Global Indices
10/01/2019 Clsg Chg%
Dow Jones 28,824 -0.46
NASDAQ 9,179 -0.27
FTSE 100 7,588 -0.14
Bovespa 115,503 -0.38
13/01/2020 Latest
(4:50AM IST)
Chg%
Nikkei 23,851 +0.47
Hang Seng 28,638 +0.27

Nikkei

Asian markets started trading early in the morning on Monday on a positive note as the investors watch the US markets closely. Nikkei is currently trading at 23,851, up 110.70 points by 0.47%.

Precious Metals

Gold futures ended higher Friday, finding support from weaker-than-expected monthly U.S. jobs data to score a third weekly climb, even as easing tensions in Middle East worked to dull haven demand for the precious metal.

Base Metals

Base metals prices on the London Metal Exchange consolidated higher at the close of trading on Friday January 10, edging slightly upward on moderately low turnover, while volatility in the aluminium complex saw strong stock moves make little change to its outright price.

Crude Oil

Oil futures declined on Friday, with prices posting their biggest weekly percentage fall in at least five months, as fears of a wider U.S.-Iran confrontation faded and data earlier this week showed a rise in U.S. crude inventories.

 
 
 

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