Morning Notes
14th Feb, 2020
 

Trading Range:

Nifty opened gap up at 12220 on Thursday and made a high and low of 12226 and 12140 respectively before closing negative at 12175.

Review/Outlook:

For the day, support for Nifty exists at 12100 and 12050 levels whereas resistance for Nifty stands at 12230 and 12270 levels.

Review/Outlook:

Bank Nifty opened gap up at 31587, made a high of 31649, low of 31181, and closed negative at 31230. For the day, support for Bank Nifty exists at 31000 and 30800 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,460 -0.26
Nifty 12,175  -0.22
BSE 200 5,128 -0.19
BSE Midcap 15,787 -0.01
BSE Smallcap 14,742 +0.07
Dow Jones 29,424 -0.43
NASDAQ 9,712 -0.14
 

DERIVATIVES INDICATORS FOR FEB 14, 2020:

NIFTY 12174.65 (-26.55) (-0.22%)
NIFTY FEB FUTURE 12174.60 (-0.05 Points Discount)
NIFTY PCR - OI 1.41 (-0.20)
NIFTY OPEN INTEREST 1.43 Cr. (-0.61%)
INDIA VIX 13.37 (-1.85%)
NIFTY ROLLOVER 10%

NIFTY OPTIONS ACTIVITY (27-FEB SERIES)

CALL 12200 CE +2.13 lac Shares
CALL 12300 CE +2.01 lac Shares
PUT 12100 PE +0.66 lac Shares
PUT 12000 PE -2.04 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,800 -0.25
Bankex 35,755 -0.94
PSU 6,579 -0.01
Healthcare 14,447 +1.06
IT 16,372 +0.88
 
Market Turn Over (`cr)
Index 13/02 12/02
BSE Cash 2,194 2,678
NSE Cash 34,361 35,928
NSE F&O 2,846,772 1,302,741
BSE Delivery % 48.31 52.26
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 54.50 60.40
BSE 200 39.80 59.70
BSE 500 39.12 60.48
Total BSE 39.61 54.50
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 51.37 -0.10
Gold Rs./ 10 Gms 40656.00 +0.42
Silver Rs./ Kg 45799.00 +0.66
Rs.- US $ 71.33 +0.01
Rs.- Euro 77.31 -0.28
FII (Rs cr )
13/02* 12/02*
FIIs -663.01 +2157.43
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       28,448.00       2,276.05       45,566.00       3,511.33    1,58,538.00     13,216.70  (1,235.28)
Index Options  44,49,531.00  3,07,550.41  44,37,270.00  3,06,478.33    6,36,895.00     54,893.24   1,072.08
Stock Futures    1,71,872.00     12,176.71    1,65,191.00     11,653.91  15,65,925.00  1,03,158.98      522.80
Stock Options       55,754.00       4,173.90       55,106.00       4,120.55       71,571.00       4,928.16        53.35
Total  47,05,605.00  3,26,177.07  47,03,133.00  3,25,764.12  24,32,929.00  1,76,197.08      412.95
Corporate News
TVS Motor Company, India’s third-largest motorcycle-maker, announced on Thursday that it has acquired additional shares Scienaptic Systems Inc, a US-based information technology company. (BL).
Mahindra & Mahindra Ltd has indicated that its alliance with Ford was showing initial tangible outcomes for both the partners by way of cost savings across product development and manufacturing. (ET).
Tata Motors-controlled British luxury brand Jaguar Land Rover on Thursday launched the new Discovery Sport in India at a starting price of Rs.57.06 lakh for the S model and Rs.60.89 lakh for the R-Dynamic SE model. (BS).
Zydus Cadila on Thursday said it has got final approval from the US health regulator to market Mesalamine suppositories. The drug is used to treat ulcerative proctitis, a type of bowel disease. (ET).
LT Foods on Thursday said that it has entered into a shareholder’s agreement with United Farmers Investment Company in connection with a proposed acquisition of the stake currently held by India Agri Business Fund Ltd and Real Trust by the Investor in Daawat Foods.. (BL).
Quarterly Earnings
State-owned Bharat Petroleum Corp Ltd (BPCL) on Thursday reported near trebling of net profit in the December quarter to Rs 2,051.43 crore. BPCL had posted a net profit of Rs 698.62 crore in October-December 2018, the company said in a regulatory filing. Revenue from operation dropped to Rs 85,926.70 crore from Rs 89,324.86 crore a year ago on lower oil prices. (BL).
Vakrangee posted profits of Rs 21.44 crore at the end of the December quarter against Rs 3 crore during the same period last year. Its revenue from operations doubled to Rs 199.2 crore while the total income grew nearly 84% at Rs 218 crore. The company said its robust growth was due to focus on store profitability and service activation across its network. (ET).
Vodafone Idea (VIL) has posted a loss of Rs 6,453.2 crore for the third quarter of the fiscal, dragged down by customer losses, high costs and one-time expense related to its statutory dues. The telco had posted the largest loss of India Inc in previous quarter at Rs 50,897.9 crore in the previous quarter. (BL).
Kishore Biyani-led Future Retail Ltd on Thursday reported a 16.72 per cent decline in consolidated net profit at Rs 164.56 crore for the third quarter ended December. The company had reported a net profit of Rs 197.60 crore in October-December quarter a year ago, Future Retail said in a regulatory filing. Total income fell 3.07 per cent to Rs 5,208.89 crore during the quarter under review from Rs 5,374.12 crore in the corresponding quarter last year. (ET).
Apollo Hospitals Enterprise Ltd on Thursday said it has recorded a consolidated profit of Rs 89.95 crore during the quarter ending December 2019 asagainst Rs 49.87 crore during the corresponding period the previous year. The city-based healthcare major said in a BSE filing that profits for the year ending December 2019 surged to Rs 222.20 crore from Rs 127.34 crore registered the same period last fiscal. The consolidated total income for the quarter under review grew to Rs 2,921.40 crore from Rs 2,507.53 crore registered the same period a year ago. The consolidated total income ending December 31, 2019 rose to Rs 8,347.39 crore from Rs 7,137.62 crore registered the same period last financial year. (BL).
Adani Transmission Ltd (ATL) on Thursday reported a 32.53 per cent rise in consolidated net profit at Rs 203.67 crore during the quarter ended December, mainly on account of lower expenses. The company had posted a net profit of Rs 153.67 crore in the year-ago period, ATL said in a BSE filing. During October-December, the company's income remained almost flat at Rs 2,835.72 crore as compared with Rs 2,834.10 in the year-ago quarter. (BL).
FMCG firm Gillette India on Thursday reported 31.63 per cent rise in profit after tax (PAT) at Rs 71.07 crore for the quarter ended December 31, 2019.The company, which follows July-June financial year, reported a PAT of Rs 53.99 crore for October-December 2018, Gillette India said in a BSE filing. However, its net sales was down 3.43 per cent to Rs 459.31 crore during the quarter under review as against Rs 475.66 crore in the year-ago period. (BS).
Economy and Sector News
Global investment firm KKR has raised $1.3 billion for its KKR Global Impact Fund SCSp, which would be used to invest in companies that provide commercial solutions to environmental or social challenges. (BL).
Global ratings agency Standard and Poor’s on Thursday affirmed India’s sovereign rating at ‘BBB-’ with stable outlook, saying the country’s GDP growth is likely to gradually recover towards longer-term trend rates over the next two to three years. (ET).
The government on Thursday expressed optimism that the rate of retail inflation will moderate by July. Rate of retail inflation based on the Consumer Price Index (CPI) surged to a 68-month high in January at 7.59 per cent. (BL).
Etihad, the national airline of the United Arab Emirates, is to operate an additional flight each from Chennai and Thiruvananthapuram to Abu Dhabi in May this year. (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 had a turbulent Thursday, fluctuating between gains and losses on mixed news about the coronavirus outbreak, only to fade after the Federal Reserve Bank of New York said it will further shrink repurchase agreement operations. The Dow Jones Index closed at 29,423, down 128.11 points by 0.43%. The Standard & Poors 500 index closed at 3,374, down 5.51 points by 0.16%. The Nasdaq Composite Index closed at 9,712, down 13.99 points by 0.14%.

FTSE 100

UK markets finished in negative territory on Thursday amid renewed concerns about the coronavirus, and as investors also digested a Cabinet reshuffle. The FTSE 100 index closed at 7,452, down 82.34 points by 1.09%.

 
 
Global Indices
13/02/2019 Clsg Chg%
Dow Jones 29,423 -0.43
NASDAQ 9,712 -0.14
FTSE 100 7,452 -1.09
Bovespa 115,662 -0.87
14/02/2020 Latest
(7:39AM IST)
Chg%
Nikkei 23,690 -0.58
Hang Seng 27,840 +0.40

Nikkei

Asian share markets started trading early in the morning on Friday on a negative note as the investors will be closely watching the US markets. Nikkei is currently trading at 23,690, down 137.62 points by 0.58%.

Precious Metals

Gold strengthened 0.6% to $1,576.11 an ounce, the highest in more than a week on the largest gain in a week on Thursday.

Base Metals

The three-month price for lead on the London Metal Exchange was higher at the close of trading on Thursday February 13, nearing the $1,900 per tonne resistance level on a 1.7% uptick, while a positive close for LME copper saw it also approach nearby resistance.

Crude Oil

West Texas Intermediate crude increased 0.8% to $51.59 a barrel, the highest in two weeks on Thursday.

 
 
 

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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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