neeraj Daily Report
Morning Notes
16th Mar, 2020
 

Trading Range:

Nifty opened gap down at 9108 on Friday and made a high and low of 10159 and 8555 respectively before closing positive at 9955.

Review/Outlook:

For the day, support for Nifty exists at 9500 and 9100 levels whereas resistance for Nifty stands at 10200 and 10500 levels.

Review/Outlook:

Bank Nifty opened a gap down at 22721, made a high of 25671, low of 21352, and closed positive at 25166. For the day, support for Bank Nifty exists at 24000 and 22800 levels whereas resistance for Bank Nifty stands at 25700 and 27000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 34,103 +4.04
Nifty 9,955 +3.81
BSE 200 4,188 +3.61
BSE Midcap 12,639 +2.09
BSE Smallcap 11,761 +1.26
Dow Jones 23,186 +9.36
NASDAQ 7,875 +9.35
 

DERIVATIVES INDICATORS FOR MAR 16, 2020:

NIFTY 9955.20 (+365.05) (+3.81%)
NIFTY MAR FUTURE 9897.70 (57.50 Points Discount)
NIFTY PCR - OI 1.11 (-0.05)
NIFTY OPEN INTEREST 1.81 Cr. (-4.36%)
INDIA VIX 51.47 (+25.05%)
NIFTY ROLLOVER 15%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 10200 CE +0.40 lac Shares
CALL 10000 CE -1.78 lac Shares
PUT 9500 PE -3.40 lac Shares
PUT 10000 PE -3.97 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 13,960 +2.40
Bankex 28,890 +4.68
PSU 5,023 +6.89
Healthcare 12,675 +3.47
IT 13,295 +1.34
 
Market Turn Over (`cr)
Index 13/03 12/03
BSE Cash 4,101 3,288
NSE Cash 65,782 61,394
NSE F&O 807,416 2,632,978
BSE Delivery % 38.32 44.46
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 46.72 46.80
BSE 200 77.23 21.78
BSE 500 61.48 37.13
Total BSE 46.72 46.80
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 31.08 -2.05
Gold Rs./ 10 Gms 40348.00 -4.40
Silver Rs./ Kg 40487.00 -8.27
Rs.- US $ 73.88 -0.93
Rs.- Euro 82.49 -1.03
FII (Rs cr )
13/03* 12/03*
FIIs -1802.06 -3483.72
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    2,26,953.00     14,992.35    1,93,054.00     12,494.78    2,10,953.00     14,709.25  2,497.57
Index Options  13,42,557.00     88,329.08  13,35,937.00     88,152.48    9,13,779.00     65,463.11     176.60
Stock Futures    4,33,187.00     22,062.18    3,86,250.00     19,961.36  15,01,109.00     80,299.88  2,100.82
Stock Options       91,892.00       5,537.07       86,557.00       5,222.30       72,727.00       3,908.75     314.77
Total  20,94,589.00  1,30,920.68  20,01,798.00  1,25,830.92  26,98,568.00  1,64,380.99  5,089.76
Corporate News
Tata Motors on Friday announced the launch of ‘Mega Safety Campaign’, a nationwide free safety check-up camp for its customers at over 650 workshops. (BL).
In the wake of the coronavirus (CoVID-19) outbreak, Reliance Industries Ltd (RIL) has started thermal screening of all visitors and employees to its premises from Friday. (ET).
Tata Steel on Friday said its committee of directors has approved raising Rs.670 crore through issuance of debentures. In more news, Nova Integrated Systems Ltd (NISL), a subsidiary of Tata Advanced Systems, today held the ground-breaking ceremony for a Defence Electronics Manufacturing facility near Hyderabad. (BL).
Union Finance Minister Nirmala Sitharaman is briefing the media on cabinet decisions at PIB Conference, Hall Shastri Bhawan in New Delhi. FM Nirmala Sitharaman said that the government has approved the Reserve Bank of India's (RBI) reconstruction scheme for Yes Bank. State Bank of India (SBI) will invest 49% of the equity in Yes Bank, with other investors also being invited, State Bank of India said. (ET).
ICICI Bank Board has given approval for an equity investment of up to Rs1,000cr in equity shares of Yes Bank Limited, comprising up to 1 billion equity shares at a price of Rs10 per share, under the proposed Scheme of Reconstruction of Yes Bank Limited under the Banking Regulation Act, 1949, subject to regulatory and government approval. (BL).
Economy and Sector News
India and South Africa have made a new submission at the World Trade Organisation against the proposed extension of the moratorium on customs duty on electronic transmissions, raising concerns on the possible inclusion of digitisable goods in its scope that could severely hit developing countries. (BL).
Petrol price was on Sunday cut by 12 paise a litre and diesel rates by 14 paise as oil companies moderated rate reduction amid the fall in global prices to absorb the hike in excise duty on fuel by the government. Petrol in Delhi now costs Rs 69.75 per litre, while diesel is priced at Rs 62.44, according to a price notification of state-owned oil firms. (ET).
India's coal imports registered a decline of 14.1 per cent to 17.01 million tonnes (MT) in February in the wake of the coronavirus outbreak, as per industry data. The country's coal imports in February last year stood at 19.82 MT, according to a provisional compilation by mjunction services, based on monitoring of vessels' positions and data received from shipping companies. (BL).
SpiceJet has signed an agreement with GMR Hyderabad International Airport Ltd (GHIAL) and Ras-Al-Khaimah International Airport, the UAE, to promote export of agricultural products. The tripartite was signed at the last day of the Wings India 2020 here on Saturday. Exports are expected commence from April 2020. (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 markedly higher on Friday following the Dow’s worst day since Black Monday in 1987 in the previous session. The Dow Jones Index closed at 23,186, up 1,985.00 points by 9.36%. The Standard & Poors 500 index closed at 2,711 up 230.38 points by 9.29%. The Nasdaq Composite Index closed at 7,875, up 673.07 points by 9.35%.

FTSE 100

UK markets lost some of its earlier gains by the close on Friday, but remained above the waterline, with stimulus hopes lending support as investors continued to mull the impact of the Covid-19 coronavirus pandemic. The FTSE 100 index closed at 5,366, up 128.63 points by 2.46%.

 
 
Global Indices
13/03/2020 Clsg Chg%
Dow Jones 23,186 +9.36
NASDAQ 7,875 +9.35
FTSE 100 5,366 +2.46
Bovespa 82,677 +13.91
16/03/2020 Latest
(7:15AM IST)
Chg%
Nikkei 17,229 -1.16
Hang Seng 24,033 -1.14

Nikkei

Asian share markets started trading early in the morning on Monday on a negative note as the investors will be closely watching the US markets. Nikkei is currently trading at 17,229, down 202.38 points by 1.16%.

Precious Metals

Gold futures ended sharply lower for a fourth straight session on Friday, with a loss of more than 9% for the week—the largest since September 2011.

Base Metals

The London Metal Exchange three-month copper price maintained its level on Friday March 13, closing at $5,460, with almost 31,000 lots traded on the day.

Crude Oil

West Texas Intermediate crude slid 4% to $30.48 a barrel on Monday.

 
 
 

Research Analyst Registration Number:
INH000002483
CIN: U65990MH1993PLC075388

 
 

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Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL): ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C. Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).

Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/ its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates or Research analysts have no material conflict of interest, have not received any compensation/benefits for any reason (including investment banking/merchant banking or brokerage services) from either the companies concerned/third parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12 months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein have not served as an officer/director or employee of the companies being covered.

Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not be treated as endorsement of the views expressed in the report.