Morning Notes
16th Dec, 2019

Trading Range:

Nifty opened gap up at 12026 on Friday and made a high and low of 12099 and 12024 respectively before closing positive at 12087.


For the day, support for Nifty exists at 12020 and 11970 levels whereas resistance for Nifty stands at 12120 and 12200 levels.


Bank Nifty opened gap up at 31776, made a high of 32105, low of 31770, and closed positive at 32014. For the day, support for Bank Nifty exists at 31800 and 31500 levels whereas resistance for Bank Nifty stands at 32200 and 32500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,010 +1.05
Nifty 12,087 +0.96
BSE 200 5,039 +0.99
BSE Midcap 14,830 +0.92
BSE Smallcap 13,333 +0.82
Dow Jones 28,135 +0.01
NASDAQ 8,735 +0.20


NIFTY 12086.70 (+114.90) (+0.96%)
NIFTY DEC FUTURE 12142.35 (55.65 Points Premium)
NIFTY PCR - OI 1.63(+0.09)
NIFTY OPEN INTEREST 1.52 Cr. (+2.19%)
INDIA VIX 13.30 (-0.36%)


CALL 12000 CE -2.62 lac Shares
CALL 12200 CE -1.42 lac Shares
PUT 12000 PE +9.18 lac Shares
PUT 12100 PE +7.52 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,088 +1.62
Bankex 36,496 +1.00
PSU 6,878 +1.83
Healthcare 13,376 +0.06
IT 15,006 +1.68
Market Turn Over (`cr)
Index 13/12 12/12
BSE Cash 2,041 2,111
NSE Cash 36,712 32,893
NSE F&O 879,128 2,602,611
BSE Delivery % 41.05 40.27
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 81.19 18.81
BSE 200 79.10 20.90
BSE 500 73.65 25.35
Total BSE 57.42 36.44
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 59.85 -0.37
Gold Rs./ 10 Gms 37773.00 +0.61
Silver Rs./ Kg 44126.00 +0.46
Rs.- US $ 70.71 +0.18
Rs.- Euro 78.66 -0.37
FII (Rs cr )
13/12* 12/12*
FIIs -614.96 +384.09
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       44,500.00       3,608.08       32,873.00       2,564.26    1,60,836.00     13,873.67  1,043.82
Index Options  20,85,237.00  1,50,922.56  20,83,540.00  1,50,748.98    6,22,348.00     53,587.31     173.58
Stock Futures    2,25,544.00     13,232.37    2,17,827.00     12,971.04  15,90,520.00     95,407.22     261.33
Stock Options       86,333.00       5,499.01       86,674.00       5,496.75       67,421.00       3,774.85        2.26
Total  24,41,614.00  1,73,262.02  24,20,914.00  1,71,781.03  24,41,125.00  1,66,643.05  1,480.99
Corporate News
Tata Steel BSL said on Sunday that it has been honoured by the Odisha government for taking effective initiatives to conserve energy in its plant located at Narendrapur in Odisha’s Dhenkanal district. (BL).
The ArcelorMittal-Nippon Steel combine has transferred Rs.38,896 crore to lenders for the acquisition of the once-Ruias-owned Essar Steel in an insolvency-driven process. For the lenders, recovery comes over two years after they initiated a corporate insolvency resolution process (CIRP) against the steel-maker. It marks the single biggest recovery made by lenders under a CIRP. The operational and other creditors will get the remaining Rs.3,104 crore of the Rs.42,000-crore bid placed by ArcelorMittal to settle Essar Steel’s loan default of Rs.49,000 crore. (ET).
Reliance Industries on Friday said its wholly-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) has acquired over 51 per cent stake in Asteria Aerospace for Rs.23.12 crore. (BL).
State-owned NLC India Limited said on Sunday it is planning to invest more than Rs 17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in Odisha. The Navratna company will produce 20 million tonne of coal per annum from Talabira II and III coal blocks to fuel its 4,200 MW of thermal power projects, an official of the company said. (ET).
The Centre is likely to sell 28 per cent of its stake in BEML Ltd through strategic disinvestment and retain 26 per cent after the dilution of its shareholding in the public sector undertaking, a senior company official said. The government currently holds 54.03 per cent stake in the diversified engineering company. The Cabinet Committee on Economic Affairs in October, 2016 had given an in-principal approval for strategic disinvestment of 26 per cent equity shares in BEML Ltd. (BL).
Sunpharma will be in focus as the co has received eight Form 483 observations by the U.S. FDA for its Halol facility in Gujarat. The GMP inspection was conducted from Dec. 3-13. Halol contributes 10 - 12% of US biz. (BQ).
Pharma companies like sanofi, JB Chemical, Alembic Pharma, GSK Pharma will be in focus as National Pharmaceutical Pricing Authority allows one-time 50% price increase in 21 formulations. Several companies had petitioned of hike due to increase in input prices. (BQ).
Economy and Sector News
Morris Garages (MG), a British automobile brand now owned by SAIC of China, is bullish on Indian market and plans to invest Rs.3,000 crore more in the country, a company official said. MG Motor India, has already spent Rs.2,000 crore here and commenced manufacturing operations at its plant at Halol in Gujarat, the official said. In more news, Air India’s Maintenance, Repair and Overhaul (MRO) arm, Air India Engineering Services Limited (AIESL), has signed a pan-India contract for maintenance of SpiceJet’s aircraft. AIESL will also approach Vistara to maintain its latest aircraft additions, said Air India officials. (BL).
Onions did not get much cheaper in most markets since Thursday, but consumers should be relieved that retail-level prices have firmly come off the peaks seen a week ago. Kolkata was one of the few markets where prices fell by Rs.20 a kilo, possibly due to the intervention by the state government to sell the bulbs at a subsided price. Prices in markets in Kerala and Tamil Nadu continued to moderate but there was no change in prices in Mayabunder (Andaman). The minimum price of the bulb stayed steady at Rs.50 a kilo in cities such as Gwalior and Sagar. In more news, Traders’ body Confederation of All India Traders (CAIT) urged the government to take action against e-commerce companies flouting Foreign Direct Investment (FDI) norms and indulging in unfair practices. (ET).
The National Mineral Development Corporation Limited (NMDC) and the Rashtriya Ispat Nigam Limited (RINL) have been allotted one coking coal mine each by the Ministry of Coal. A Coal Ministry statement said, the Rohne Coal Mine has been allotted to National Mineral Development Corporation Limited for sale of coal and will also serve the purpose of captive use of coking coal to NMDC’s upcoming steel plant at Nagarnar. The Robodih OCP coal mine has been allotted to Rashtriya Ispat Nigam Limited for captive use of production of iron and steel. In more news, the decline in India’s goods exports continued for the fourth consecutive month with outbound shipments in November falling 0.34 per cent (year-on-year) to $25.98 billion. Imports were down 12.7 per cent in November at $38.11 billion as all major items, with the exception of gold and pearls and precious stones, witnessed a decline, as per figures released by the Commerce & Industry Ministry on Friday. The sharper decline in imports helped bridge the trade deficit to $12.12 billion, compared to $17.58 billion in November 2018. (BL).
The National Pharmaceutical Pricing Authority (NPPA) has hiked the ceiling price of 12 essential drugs by 50 per cent. The pricing watchdog, in a notification released on Friday, said that this is a one time increase done in public interest to ensure availability of these drugs. The NPPA also said that had the prices not been increased, these drugs would have gone off shelves, and in the absence of alternatives, would have put people into difficulty. The 12 drugs consist of 21 drug formulations of varying doses — BCG vaccine, Benzathine Benzylpenicillin, Benzypenicillin, Choloroquine, Dapsone, Furosemide, Metronidazole, Ascorbic Acid or Vitamin C tablets, Co-trimoxazole, Pheniramine, Prednisolone and Clofazamine. In more news, Power producers’ total outstanding dues owed by distribution companies rose around 48 per cent to Rs 81,010 crore in October 2019 over the same month last year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 54,654 crore to power generation companies in October 2018. (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 ended near breakeven on Friday, fluctuating between gains and losses as investors struggled to reconcile what a provisional U.S.-China deal would mean for the ongoing trade war. The Dow Jones Index closed at 28,135, up 3.33 points by 0.01%. The Standard & Poors 500 index closed at 3,169, up 0.23 points by 0.01%. The Nasdaq Composite Index closed at 8,735, up 17.56 points by 0.20%.

FTSE 100

UK markets stole the limelight on Friday, hitting an all-time high as sterling surged after Boris Johnson’s Conservative Party secured a large parliamentary majority, with reports of a Sino-US trade deal also buoying the mood. The FTSE 100 index closed at 7,353, up 79.97 points by 1.10%.

Global Indices
13/12/2019 Clsg Chg%
Dow Jones 28,135 +0.01
NASDAQ 8,735 +0.20
FTSE 100 7,353 +1.10
Bovespa 112,565 +0.33
16/12/2019 Latest
(5:15AM IST)
Nikkei 24,023 +2.55
Hang Seng 27,688 +2.57


Asian stocks started trading early in the morning on Monday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 24,023, up 598.29 points by 2.55%.

Precious Metals

Gold prices settled higher on Friday, buoyed by weakness in the dollar and a fall in bond yields, to tally a gain for the week, as traders struggled to sort out details of news that the U.S. and China have agreed to a phase-one trade deal.

Base Metals

Nickel ended firmly above $14,000 per tonne in London Metal Exchange trading on Friday December 13 while copper stepped back after peaking earlier at its highest since May.

Crude Oil

Oil futures ended higher on Friday, with U.S. and global benchmark prices at their highest levels since mid-September, after the U.S. and China said they have reached a preliminary agreement on a phase one trade agreement.


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