Morning Notes
18th Mar, 2020

Trading Range:

Nifty opened gap up at 9285 on Tuesday and made a high and low of 9404 and 8916 respectively before closing negative at 8967.


For the day, support for Nifty exists at 8700 and 8450 levels whereas resistance for Nifty stands at 9400 and 9600 levels.


Bank Nifty opened a gap up at 23348, made a high of 23449, low of 22002, and closed negative at 22155. For the day, support for Bank Nifty exists at 22000 and 20800 levels whereas resistance for Bank Nifty stands at 23500 and 24100 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 30,579 -2.58
Nifty 8,967 -2.50
BSE 200 3,799 -2.22
BSE Midcap 11,670 -1.84
BSE Smallcap 10,844 -2.27
Dow Jones 21,237 +5.20
NASDAQ 7,335 +6.23


NIFTY 8967.05 (-230.35) (-2.50%)
NIFTY MAR FUTURE 8915.60 (51.45 Points Discount)
NIFTY PCR - OI 1.02 (+0.03)
NIFTY OPEN INTEREST 1.97 Cr. (-2.95%)
INDIA VIX 62.92 (+6.88%)


CALL 9000 CE +1.33 lac Shares
CALL 9200 CE +1.13 lac Shares
PUT 9000 PE -1.13 lac Shares
PUT 8700 PE +0.98 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 13,104 -0.48
Bankex 25,293 -4.46
PSU 4,670 -1.07
Healthcare 12,175 -0.03
IT 11,893 -2.95
Market Turn Over (`cr)
Index 17/03 16/03
BSE Cash 2,902 2,667
NSE Cash 45,296 50,240
NSE F&O 795,772 645,830
BSE Delivery % 39.52 39.74
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 31.68 68.32
BSE 200 29.85 70.15
BSE 500 27.74 71.66
Total BSE 28.94 64.62
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 26.55 -1.48
Gold Rs./ 10 Gms 40244.00 +1.84
Silver Rs./ Kg 35453.00 -2.08
Rs.- US $ 74.41 +0.40
Rs.- Euro 82.89 -1.05
FII (Rs cr )
17/03* 16/03*
FIIs -4699.85 -6741.02
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    1,43,379.00       8,822.51    1,31,031.00       7,963.05    2,55,726.00     16,141.50     859.46
Index Options  18,70,329.00  1,10,930.16  18,72,479.00  1,11,212.44    9,75,973.00     62,620.73    (282.28)
Stock Futures    3,85,342.00     18,734.27    3,56,422.00     17,380.50  14,79,949.00     72,358.96  1,353.77
Stock Options       39,665.00       2,247.63       40,697.00       2,347.20       70,549.00       3,478.31      (99.57)
Total  24,38,715.00  1,40,734.57  24,00,629.00  1,38,903.19  27,82,197.00  1,54,599.50  1,831.38
Corporate News
Oil and Natural Gas Corporation (ONGC) has declared an interim dividend of Rs.5 per share (or 100 per cent of face value of Rs.5 per share) to its shareholders. The ONGC board approved this decision at a meeting held on Monday. (BL).
Maruti Suzuki India on March 16 announced the expansion of its commercial network portfolio. Maruti’s commercial network will now also sell the extensive Tour range of vehicles, namely Tour H1 (hatchback), Tour H2 (hatchback), Tour S (sedan), Tour V (van) and Tour M (MPV), the company said in a release. (ET).
Pharma major Dr Reddy’s Laboratories Ltd has launched Ziprasidone Mesylate for injection. The product is the therapeutic generic equivalent of Geodon (Ziprasidone Mesylate) injection approved by the US Food and Drug Administration (USFDA). Geodon is a trademark of Pfizer. (BL).
Wagon-maker Titagarh Wagons Ltd has temporarily suspended operations at its wholly-owned Italian subsidiary, Titagarh Firema SpA, in view of the coronavirus outbreak there. (ET).
Jindal Steel and Power Ltd (JSPL) is exploring the possibility of setting up a steep plant with capacity of 2-2.5 million tonnes (mt) per annum at Patratu in Ramgarh district of Jharkhand. At Patratu, the company currently has a wire rod mill of 0.6 mtpa and a bar mill of 1 mtpa capacity with rebar service centre. (BL).
Delta Corp said in the press note that as a precautionary measure in view of the spread of Coronavirus (COVID-19) in the country, the Government of Sikkim has, amongst various other measures, directed the closure of casinos, discotheques, cinema halls and gymnasiums/fitness clubs from March 17, 2020. (BL).
Economy and Sector News
French multinational STMicroelectronics has tied up with Aligarh Muslim University to jointly develop technology for solar-powered, wireless charging stations in India, it is learnt. STMicroelectronics, a global electronics and semiconductor player, has presence in India, too. (BL).
A precipitous drop of over 50 per cent is expected in multiplex footfalls in the next two-three months, particularly for those located in retail malls of tier-1 and tier-2 cities. According to Suman Chowdhury, President-ratings at Acuité Ratings and Research, box office collections are expected to drop substantially in the upcoming quarter, he said. (ET).
The Private Equity and Venture Capital (PE/VC) industry recorded investments worth $1.7 billion across 74 deals, with $677 million invested as growth capital in February. Exits stood at $321 million across 15 deals, with open market exits accounting for 83 per cent of the total value of exits. The PE/VC investments and exits fell by more than 30 per cent on a year-on-year (YoY) basis, according to the monthly round-up by the Indian Private Equity & Venture Capital Association and EY (IVCA-EY). (BL).
Sugar mills in the country produced around 216 lakh tonnes (lt) of sugar till March 15, nearly 21 per cent lower than the 274lt produced in the corresponding period in the previous sugar season, Indian Sugar Mills Association (ISMA) said on Tuesday. (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 recorded some solid gains on Tuesday as the US looked to recover from the carnage seen in the previous session. The Dow Jones Index closed at 21,237, up 1,048.86 points by 5.20%. The Standard & Poors 500 index closed at 2,529 up 143.06 points by 6.00%. The Nasdaq Composite Index closed at 7,335, up 430.19 points by 6.23%.

FTSE 100

UK markets had bounced back into the green by the close on Tuesday after a roller coaster session, amid growing concerns about the impact of the coronavirus pandemic, as cinema chains closed their doors and once-iconic retailer Laura Ashley fell into administration. The FTSE 100 index closed at 5,295, up 143.82 points by 2.79%.

Global Indices
17/03/2020 Clsg Chg%
Dow Jones 21,237 +5.20
NASDAQ 7,334 +6.23
FTSE 100 5,295 +2.79
Bovespa 74,617 +4.85
18/03/2020 Latest
(5:59AM IST)
Nikkei 17,263 +1.48
Hang Seng 23,264 +0.87


Asian share markets started trading early in the morning on Wednesday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 17,263, up 251.16 points by 1.48%.

Precious Metals

Gold futures settled higher Tuesday to recoup a portion of the losses they suffered in the last five sessions. The precious metal found support after the U.S. Federal Reserve launched a crisis-era commercial paper funding facility aimed at aiding companies suffering from weakness in the economy driven by the spread of the coronavirus.

Base Metals

London Metal Exchange three-month base metals prices largely traded down at the close on Tuesday March 17 with risk-aversion from the global spread of the coronavirus (CoV-2019) and associated corporate shutdowns weighing heavily on the complex.

Crude Oil

Oil futures declined Tuesday, extending losses from a day earlier to post another four-year low, as traders focused on expectations for a massive hit to demand from the global spread of COVID-19, and an increase in supply as Russia and Saudi Arabia engage in a global price war.


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