Morning Notes
15th Jan, 2020

Trading Range:

Nifty opened gap up at 12333 on Tuesday and made a high and low of 12374 and 12309 respectively before closing positive at 12362.


For the day, support for Nifty exists at 12310 and 12240 levels whereas resistance for Nifty stands at 12410 and 12500 levels.


Bank Nifty opened gap up at 32196 made a high of 32196 made a low of 31989 and closed negative at 32072 levels. For the day, support for Bank Nifty exists at 31900 and 31700 levels whereas resistance for Bank Nifty stands at 32300 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,953 +0.22
Nifty 12,362 +0.27
BSE 200 5,172 +0.32
BSE Midcap 15,405 +0.75
BSE Smallcap 14,384 +0.71
Dow Jones 28,940 +0.11
NASDAQ 9,251 -0.24


NIFTY 12362.30 (+32.75) (+0.27%)
NIFTY JAN FUTURE 12397.00 (34.70 Points Premium)
NIFTY PCR - OI 1.68 (+0.04)
NIFTY OPEN INTEREST 1.49 Cr. (+1.73%)
INDIA VIX 13.91 (-2.54%)


CALL 12400 CE -0.20 lac Shares
CALL 12600 CE -0.63 lac Shares
PUT 12200 PE +2.76 lac Shares
PUT 12400 PE +1.08 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,591 +0.71
Bankex 36,539 -0.39
PSU 7,000 +0.19
Healthcare 13,705 +0.51
IT 16,167 +0.72
Market Turn Over (`cr)
Index 14/01 13/01
BSE Cash 2,912 3,099
NSE Cash 35,268 32,247
NSE F&O 1,044,469 874,839
BSE Delivery % 55.84 50.69
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 65.35 34.65
BSE 200 62.69 36.32
BSE 500 61.20 37.60
Total BSE 54.34 39.68
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 58.13 -0.17
Gold Rs./ 10 Gms 39455.00 -0.23
Silver Rs./ Kg 45868.00 -1.24
Rs.- US $ 70.91 +0.27
Rs.- Euro 78.91 +0.19
FII (Rs cr )
14/01* 13/01*
FIIs +120.79 +658.56
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       31,289.00       2,506.33       32,072.00       2,579.48    1,58,235.00     13,803.48      (73.15)
Index Options  28,51,457.00  2,04,948.64  28,33,304.00  2,03,402.14    7,60,740.00     64,095.30  1,546.50
Stock Futures    1,71,086.00     11,943.18    1,66,649.00     11,621.50  15,16,379.00  1,03,217.88     321.68
Stock Options       57,406.00       4,208.97       58,169.00       4,271.43       74,500.00       5,168.82      (62.46)
Total  31,11,238.00  2,23,607.12  30,90,194.00  2,21,874.55  25,09,854.00  1,86,285.48  1,732.57
Corporate News
Lenders to beleaguered telecom operator Reliance Communications have received bids worth Rs.25,000 crore for its assets put on sale, with Mukesh Ambani-controlled Reliance Jio Infocomm (RJio) and UV Asset Reconstruction Company Ltd (UVARCL) emerging as the highest bidders. (BL).
State-owned Bharat Sanchar Nigam Ltd (BSNL) is readying to launch 4G services by March 1, for which it has already sought spectrum from the Department of Telecommunications (DoT). (ET).
Bajaj Auto on Tuesday announced the formal launch of its resuscitated Chetak scooter in its electric avatar, at an ex-showroom price range starting at Rs 1 lakh. This marks the company's first offering in electric vehicles. The Chetak is available in two variants, Urbane and Premium. (BL).
Fitch Ratings on Tuesday said it has assigned Glenmark Pharmaceuticals Ltd’s proposed US dollar-denominated senior unsecured notes ‘BB’ rating with a stable outlook. In more news, Fitch Ratings has assigned Manappuram Finance Limited's (MFIN, BB-/Stable) USD300 million 5.9% senior secured notes due 2023, which carry a fixed-rate coupon payable semi-annually, a final rating of 'BB-'. (BL).
Jindal Steel and Power Ltd (JSPL) on Tuesday said its coal gasification-based DRI plant at Angul district in Odisha has resumed operation. (ET).
IL&FS has received a binding offer from a prospective buyer for acquiring its stake in IL&FS Environmental & Infrastructure Services Ltd (IEISL).. (BL).
Indian Overseas Bank said that its board of directors will meet on January 21, 2020, to consider a proposal to create, offer, issue and allot equity shares of face value of Rs10 each to the Government of India for an amount aggregating Rs4,360cr by way of preferential allotment. (ET).
Quarterly Earnings
Private sector based IndusInd Bank reported a 32 per cent increase in net profit in the third quarter of the fiscal, but its provisions surged and asset quality remains a concern. The lender reported a robust net profit of Rs.1,300.20 crore for the October to December 2019 quarter against Rs.985.03 crore in the same period a year ago. Private sector IndusInd Bank reported a 32 per cent increase in net profit in the third quarter of the fiscal, but its provisions surged and asset quality remains a concern. The lender reported a robust net profit of Rs.1,300.20 crore for the October to December 2019 quarter against Rs.985.03 crore in the same period a year ago. The total income of the bank rose by 25.4 per cent to Rs.9,073.93 crore in the third quarter of the fiscal against Rs.7,232.32 crore a year ago. The bank’s provisions rose to Rs.1,043.45 crore in the third quarter of the fiscal, from Rs.606.68 crore a year ago. Loans to NBFCs (other than housing finance companies and MFIs) were down at 3.2 per cent of the total loan book at the end of December 31, 2019, against 3.7 per cent in the previous quarter. (BL).
IT firm Mindtree on Tuesday reported a 3 per cent rise in consolidated net profit at Rs 197 crore for the December 2019 quarter. The company had posted a net profit of Rs 191.2 crore in the same period last year, Mindtree said in a regulatory filing. The Bengaluru-based company saw its revenue grow about 10 per cent to Rs 1,965.3 crore in the quarter under review from Rs 1,787.2 crore in the year-ago period, it added. In dollar terms, net profit rose 3.1 per cent to $27.7 million, while revenue increased 9.4 per cent to $275.2 million in the said quarter over the year-ago period. (ET).
Media firm TV18 Broadcast on Tuesday reported a 39.60 per cent rise in its consolidated net profit at Rs 205.16 crore for the quarter ended December 31, 2019. The company had posted a net profit of Rs 146.96 crore for the corresponding period of the previous fiscal, TV18 Broadcast said in a regulatory filing. The company had posted a net profit of Rs 146.96 crore for the corresponding period of the previous fiscal, TV18 Broadcast said in a regulatory filing.. (BL).
Wipro on Tuesday reported 3.20 per cent year-on-year (YoY) drop in consolidated profit at Rs 2,462.90 crore for the quarter ended December 30. Total revenue increased 2.73 per cent to Rs 15,470.50 crore during the quarter under review. The figure stood at Rs 15,059.50 crore in the same period last year. Revenue from IT services inched up 2.97 per cent to Rs 15,100.60 crore. (ET).
Bandhan Bank on Tuesday reported a 120.85 per cent year-on-year (YoY) rise in net profit at Rs 731 crore for the December quarter compared with Rs 331 crore in the same quarter last year. The numbers are not comparable as the third quarter results included figures for Gruh Finance, which was merged with the bank with effect from October 17, 2019. The bank said its net interest income (Nil) jumped 37.10 per cent to Rs 1,541 crore for the quarter edned December 2019. This was against Rs 1,124 crore in the year-ago quarter. Non-interest income rose 52.99 per cent to Rs 358 crore from Rs 234 crore on a YoY basis. Net interest margin for the quarter came in at 7.9 per cent for the merged entity (including Gruh Finance) against 10.5 per cent (standalone) in the same quarter last year. The company added 7.3 lakh customers during the quarter with total customer base at 1.9 crore as on December 31, the company said in a BSE filing. (ET).
Economy and Sector News
The Securities Appellate Tribunal (SAT) on Tuesday upheld the fine of over Rs 2,423 crore levied by markets regulator Sebi on four directors of PACL Ltd for illegal fund mobilisation through various schemes from public. The order comes following appeals filed by the company and its directors against an order passed by Sebi in September 2017, which imposed a penalty of Rs 2,423.16 crore on them. The company and its directors had mobilised funds to the tune of over Rs 2,686 crore by running unregistered collective investment schemes between 2013 and 2014. (BL).
The bilateral trade between India and China declined by about $3 billion in 2019 while India’s trade deficit continues to be high amounting to $56.77 billion as both countries experienced economic slowdown. The trade figures released by the General Administration of Customs of China (GACC) on Tuesday projected the total trade in Chinese currency RMB-Yuan terms registered a marginal increase of 1.6 per cent year on year but in dollar terms it was down by about USD three billion. (ET).
The rate of inflation at the wholesale level surged to a seven-month high of 2.59 per cent in December. As with retail inflation, the rise in prices of food products, especially vegetables and pulses, was the main reason for the spurt. (BL).
Digital B2B food commodity marketplace TechnifyBiz has raised about Rs.14 crore ($2 million) from Omnivore and Insitor Impact Asia Fund in its seed funding round. Shashank Kumar and Harshil Mathur, co-founders of digital payment company Razorpay also invested in this round. (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 turned in a mixed performance on Tuesday as a slew of earnings from some of the country's biggest lenders began to roll in. The Dow Jones Index closed at 28,940, up 32.62 points by 0.11%. The Standard & Poors 500 index closed at 3,283, down 4.98 points by 0.15%. The Nasdaq Composite Index closed at 9,251, down 22.60 points by 0.24%.

FTSE 100

UK markets were a tad higher on Tuesday as investors caught their breath ahead of the signing of the phase one trade deal between the US and China, which was due to take place on Wednesday, and cheered a positive start to the US corporate earnings season. The FTSE 100 index closed at 7,622, up 4.75 points by 0.06%.

Global Indices
14/01/2019 Clsg Chg%
Dow Jones 28,940 +0.11
NASDAQ 9,251 -0.24
FTSE 100 7,622 +0.06
Bovespa 117,632 +0.26
15/01/2020 Latest
(6:39AM IST)
Nikkei 23,962 -0.26
Hang Seng 28,885 -0.24


Asian markets started trading early in the morning on Wednesday on a negative note as the investors watch the US markets closely. Nikkei is currently trading at 23,962, down 63.38 points by 0.26%.

Precious Metals

Gold futures marked a second session decline on Tuesday, settling at their lowest since Jan. 2, with strength in the U.S. stock market and a phase one U.S.-China trade deal expected to be signed this week, dulling haven demand for the metal.

Base Metals

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday January 13, settling at a nine-month high against moderate volumes traded, while aluminium futures stagnated despite tumbling exchange stocks.

Crude Oil

Oil futures settled higher Tuesday, snapping a five-day losing streak that dragged the U.S. benchmark to its lowest level since early December.


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