Morning Notes
19th Feb, 2020
 

Trading Range:

Nifty opened gap down at 12028 on Tuesday and made a high and low of 12031 and 11908 respectively before closing negative at 11993.

Review/Outlook:

For the day, support for Nifty exists at 11930 and 11860 levels whereas resistance for Nifty stands at 12060 and 12120 levels.

Review/Outlook:

Bank Nifty opened gap down at 30662, made a high of 30693, low of 30252, and closed negative at 30563. For the day, support for Bank Nifty exists at 30300 and 30100 levels whereas resistance for Bank Nifty stands at 30800 and 31000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,894 -0.39
Nifty 11,993 -0.44
BSE 200 5,039 -0.46
BSE Midcap 15,426 -0.60
BSE Smallcap 14,467 -0.45
Dow Jones 29,232 -0.56
NASDAQ 9,733 +0.02
 

DERIVATIVES INDICATORS FOR FEB 19, 2020:

NIFTY 11992.50 (-53.30) (-0.44%)
NIFTY FEB FUTURE 12006.10 (13.60 Points Premium)
NIFTY PCR - OI 1.11 (-0.03)
NIFTY OPEN INTEREST 1.43 Cr. (+1.79%)
INDIA VIX 14.51 (+0.66%)
NIFTY ROLLOVER 15%

NIFTY OPTIONS ACTIVITY (27-FEB SERIES)

CALL 12000 CE +7.44 lac Shares
CALL 12200 CE +5.00 lac Shares
PUT 11900 PE -3.66 lac Shares
PUT 11700 PE -2.28 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,332 -1.08
Bankex 35,109 -0.32
PSU 6,319 +0.16
Healthcare 14,200 +0.01
IT 16,465 +0.52
 
Market Turn Over (`cr)
Index 18/02 17/02
BSE Cash 2,539 1,731
NSE Cash 38,231 33,456
NSE F&O 1,489,668 1,076,069
BSE Delivery % 47.33 46.45
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 36.63 63.37
BSE 200 34.83 65.17
BSE 500 36.13 63.27
Total BSE 31.84 62.36
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 52.08 +0.06
Gold Rs./ 10 Gms 41420.00 +1.63
Silver Rs./ Kg 47263.00 +2.47
Rs.- US $ 71.67 +0.36
Rs.- Euro 77.39 +0.01
FII (Rs cr )
18/02* 17/02*
FIIs +173.32 -1142.05
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       55,132.00       4,156.26       57,818.00       4,615.84    1,67,430.00     13,992.70     (459.58)
Index Options  39,16,762.00  2,75,571.84  39,03,463.00  2,74,595.85    7,02,723.00     58,723.74      975.99
Stock Futures    2,10,749.00     13,829.85    2,28,444.00     14,930.82  15,59,398.00  1,00,765.65  (1,100.97)
Stock Options       85,443.00       6,180.09       85,178.00       6,153.97       77,722.00       5,170.55        26.12
Total  42,68,086.00  2,99,738.04  42,74,903.00  3,00,296.48  25,07,273.00  1,78,652.64     (558.44)
Corporate News
Vodafone Idea Ltd (VIL) has a cash balance of just $1.8 billion against its Adjusted Gross Revenue (AGR) liability of $6.3 billion, while that of Bharti Airtel is at $5.3 billion against a total liability of $5 billion. (BL).
Reliance Industries’ decision to consolidate its media and distribution businesses into Network18 could be a precursor to unlocking value in the company through a stake sale or listing. (ET).
GP Petroleums, a part of the UAE-based GP Global, on Tuesday said it plans to invest Rs.100 crore in a new plant at Saronda in Gujarat to process over 3 lakh kilo litres of lubricants. The second blending plant of GP Petroleums Ltd (GPPL) would help the company cater to the entire gamut of the domestic lubes market, a release said. (BS).
India Ratings and Research has put Nuvoco Vistas Corporation Ltd’s long-term rating ‘Ind AA’ under rating watch evolving (RWE), days after the company acquired a 100-per cent stake in Emami Cement Ltd. The enterprise value of the acquisition, announced on February 6, is Rs.5,500 crore, which includes an equity value of Rs.2,300 crore and debt of Rs.3,200 crore on Emami Cement’s balance sheet. (ET).
State-owned Energy Efficiency Services Ltd (EESL) on Tuesday said it has signed an initial pact with BSNL for installing charging stations for electric vehicles. As per the Memorandum of Understanding (MoU), EESL will set up public EV charging stations at 1,000 BSNL sites in a phased manner across the country, an EESL statement said. (BS).
Carmaker Maruti Suzuki India (MSI) on Tuesday launched BS-VI compliant version of its premium compact car Ignis priced between Rs.4.89-7.19 lakh (ex-showroom Delhi). (ET).
Tech Mahindra informed the exchanges that a meeting of Board of Directors of the company is scheduled to be held on Monday, February 24, 2020 to consider the proposal for payment of interim dividend, if any, on the equity shares, for the financial year 2019-2020. (BL).
Economy and Sector News
Moody’s on Tuesday lowered growth forecast for the Asia-Pacific (Apac) region to 5.2 per cent for 2020 citing the lingering impact of the coronavirus outbreak in China, the impact of which will be more pronounced on China and India. In more news, rating agency Ind-Ra has revised the outlook on India’s textile sector to negative from stable for 2020-21 as weak domestic demand growth, threat of cheap imports and dwindling incentives and exports are likely to keep volumes muted. (BL).
The country’s sugar exports may cross 5 million tonnes (mt) in the current marketing year ending September. Global demand will be higher because of a production deficit of 8-9 mt, industry body Indian Sugar Mills Association (ISMA) said on Tuesday. In more news, India’s pharmaceutical supplies have hit a new low due to disruption in the supply chain, following the extended shutdown of Chinese factories due to the coronavirus epidemic, Bloomberg has reported. According to Pankaj Patel, Chairman of Zydus Cadila, cited in the Bloomberg report, prices of paracetamol, a common drug used to treat many conditions including headache, cold, and fevers, among others, has risen by 40 per cent. The cost of azithromycin, an antibiotic used for curing various bacterial infections, has spiked by 70 per cent. (ET).
Honda Motorcycle and Scooter India on Tuesday said it has started delivery of its flagship premium mid-segment scooter Forza 300. (BL).
Feminine hygiene brand Sanfe has secured Rs 8 crore in Pre-Series A Funding from a clutch of investors including SucSEED Venture Partners, Titan Capital (an investment arm of Snapdeal founders Kunal Bahl and Rohit Bansal), BIRAC, Elixir Pharma and individuals. (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 slumped on Tuesday after Apple Inc.’s warning that sales will miss forecasts spooked investors who had hoped for a limited economic impact from the deadly coronavirus that originated in China. The Dow Jones Index closed at 29,232, down 165.89 points by 0.56%. The Standard & Poors 500 index closed at 3,370, down 9.87 points by 0.29%. The Nasdaq Composite Index closed at 9,732, up 1.57 points by 0.02%.

FTSE 100

UK markets tumbled into the red on Tuesday as major global firms were shaken by Apple’s warning that coronavirus will press on the firm’s revenues. The FTSE 100 index closed at 7,382, down 51.24 points by 0.69%.

 
 
Global Indices
18/02/2019 Clsg Chg%
Dow Jones 29,232 -0.56
NASDAQ 9,732 +0.02
FTSE 100 7,382 -0.69
Bovespa 114,977 -0.29
19/02/2020 Latest
(7:13AM IST)
Chg%
Nikkei 23,235 +0.18
Hang Seng 27,486 -0.16

Nikkei

Asian shares and U.S. stock futures edged cautiously higher on Wednesday as investors tried to shake off worries about the coronavirus epidemic following a slight decline in the number of new cases. Nikkei is currently trading at 23,235, up 41.16 points by 0.18%.

Precious Metals

Gold prices climbed Tuesday to their highest levels since 2013, as continued worries over the COVID-19 epidemic in China put pressure on stocks and sparked demand for assets perceived as havens, including gold and Treasurys.

Base Metals

London Metal Exchange three-month base metals prices, with the exception of lead, traded down at the close on Tuesday February 18, with any residual optimism capped by negative movements in global equities markets and restrictions in Chinese markets due to the novel coronavirus (2019-nCoV) outbreak.

Crude Oil

March WTI oil settles remains unchanged for the session on Wednesday at $52.05/bbl.

 
 
 

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