Morning Notes
19th Mar, 2020
 

Trading Range:

Nifty opened gap up at 9088 on Wednesday and made a high and low of 9128 and 8407 respectively before closing negative at 8469.

Review/Outlook:

For the day, support for Nifty exists at 8200 and 7900 levels whereas resistance for Nifty stands at 9000 and 9200 levels.

Review/Outlook:

Bank Nifty opened a gap up at 22412, made a high of 22544, low of 20268, and closed negative at 20580. For the day, support for Bank Nifty exists at 20000 and 19100 levels whereas resistance for Bank Nifty stands at 22000 and 22600 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 28,870 -5.59
Nifty 8,469 -5.56
BSE 200 3,595 -5.37
BSE Midcap 11,105 -4.84
BSE Smallcap 10,183 -6.09
Dow Jones 19,899 -6.30
NASDAQ 6,990 -4.70
 

DERIVATIVES INDICATORS FOR MAR 19, 2020:

NIFTY 8468.80 (-498.25) (-5.56%)
NIFTY MAR FUTURE 8433.70 (35.10 Points Discount)
NIFTY PCR - OI 0.96 (-0.07)
NIFTY OPEN INTEREST 1.97 Cr. (+2.62%)
INDIA VIX 63.96 (+1.64%)
NIFTY ROLLOVER 25%

NIFTY OPTIONS ACTIVITY (26-MAR SERIES)

CALL 8500 CE +2.88 lac Shares
CALL 8800 CE +1.23 lac Shares
PUT 8500 PE -1.51 lac Shares
PUT 8100 PE -1.40 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 12,451 -4.99
Bankex 23,524 -6.99
PSU 4,552 -2.53
Healthcare 11,608 -4.66
IT 11,564 -2.77
 
Market Turn Over (`cr)
Index 18/03 17/03
BSE Cash 3,365 2,902
NSE Cash 58,047 45,296
NSE F&O 1,010,921 795,772
BSE Delivery % 34.35 39.52
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 10.89 89.11
BSE 200 12.94 87.06
BSE 500 9.78 89.62
Total BSE 13.67 80.77
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 23.80 +16.84
Gold Rs./ 10 Gms 39723.00 -1.29
Silver Rs./ Kg 33907.00 -4.36
Rs.- US $ 74.97 +0.75
Rs.- Euro 81.91 +0.02
FII (Rs cr )
18/03* 17/03*
FIIs -3662.96 -4699.85
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    1,60,562.00       9,108.99    1,55,968.00       8,809.07    2,76,184.00     16,453.81     299.92
Index Options  25,80,105.00  1,41,241.44  25,81,840.00  1,41,618.51    9,98,000.00     60,201.17    (377.07)
Stock Futures    4,79,556.00     21,516.62    4,51,534.00     20,269.26  14,95,257.00     69,390.54  1,247.36
Stock Options       46,847.00       2,577.89       46,309.00       2,564.26       73,177.00       3,456.20       13.63
Total  32,67,070.00  1,74,444.94  32,35,651.00  1,73,261.10  28,42,618.00  1,49,501.72  1,183.84
Corporate News
FMCG major ITC Ltd has announced a “medium term” dividend payout ratio ranging between 80 and 85 per cent of its profit after tax. The policy will be effective FY-20. This incidentally is the first time that the company has ear-marked a fixed percentage of its profit after tax as dividend pay out ratio. (BL).
Toyota Kirloskar Motor on Tuesday launched the limited edition of its flagship MPV, Innova Crysta, at a price of ₹21.21 lakh (ex-showroom). It is available with a 2.4L Diesel (BS-6 compliant) engine mated to a 5 speed Manual Transmission with a seven seater configuration, the company said in a release. The price will be the same across the country at an ex-showroom level except in Kerala. (ET).
Pharmaceutical company Cipla has come forward to engage with CSIR-IICT to take up manufacture of three promising chemical compounds with anti-viral properties, to treat Covid-19. It has sought the help of the Council of Scientific & Industrial Research-Indian Institute of Chemical Technology to make the active pharma ingredients (APIs) for manufacturing them. (BL).
KEC International Ltd, an RPG Group company, has won orders worth Rs.1,047 crore across its various businesses. The engineering, procurement and construction (EPC) major’s transmission and distribution and SAE Towers units has secured orders of Rs.669 crore for T&D projects in India, SAARC, West Asia and the Americas. (ET).
ArcelorMittal has refinanced a loan of around $5 billion (about Rs.37,000 crore), taken to acquire Essar Steel, by raising fresh funds at a lower rate. AMNS (ArcelorMittal Nippon Steel) Luxembourg Holding SA, the parent company of the AMNS India joint venture, in partnership with Japan-based Nippon Steel Corporation, has entered into a $5.146-billion 10-year term loan agreement with Japan Bank for International Cooperation, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank Europe NV and Sumitomo Mitsui Trust Bank (London branch). (BL).
Larsen & Toubro Ltd has informed BSE that the Board of Directors of the Company has approved a first interim dividend of Rs10 per equity share i.e. 500% on the face value of Rs2 each, for the year FY19-20. As informed earlier, the record date for the purpose of payment of the dividend is Thursday, March 26, 2020. The interim dividend will be paid within stipulated timelines as prescribed under the law, the company added. (BL).
Economy and Sector News
The INOX India Pvt Ltd (INOX), has signed a Memorandum of Understanding with Shell Energy India Pvt Ltd, a wholly-owned subsidiary of Royal Dutch Shell, for partnering and developing the market for LNG supply by road from Shell’s LNG Terminal in Hazira, Gujarat. INOX has business interests in cryogenic liquid storage, distribution and Re-Gas solutions. In more news, the total installed solar capacity in the open-access market has reached 3.6 GW as of December 2019, and the pipeline of projects under development and in pre-construction phase is estimated to be approximately 1.5 GW, according to a report by Mercom India Research. (BL).
Total liabilities of the government increased to Rs 93.89 lakh crore at the end of December 2019, up 3.2 per cent as compared to the previous quarter, said finance ministry data on Wednesday. The liabilities, including those under the public account, had stood at Rs 91,01,484 crore at the end of September 2019. Public debt accounted for 90.4 per cent of total outstanding liabilities at the end of December 2019. In more news, In order to bridge a temporary cash flow mismatch, the Government, in consultation with the Reserve Bank of India, has decided to mobilise ₹51,000 crore more through auction of Treasury-Bills (T-Bills) during the remaining days of March. In December, while finalising the calendar for auction of Government of India Treasury-Bills for the quarter ending March 31, 2020, it was decided to notify ₹24,000 crore for the issuance of T-Bills during the second half of March. (ET).
The Moody’s Investors Service in a media statement on Wednesday said that it changed its outlook for the global shipping industry to negative from stable. The EBITDA of the shipping companies will decline in 2020 amid sharply reduced demand for shipping services in the wake of the coronavirus. Moody’s Investors Service in a statement said that it now expects the EBITDA of rated shipping companies to decline by around 6 per cent to 10 per cent in 2020 compared with EBITDA growth of almost 40 per cent in 2019. In more news, S&P Global Ratings on Wednesday lowered India’s economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. (BL).
The price of cooking gas (liquefied petroleum gas) in the country is up by Rs.35.55 a cylinder in Delhi since October 2019. Replying to a question in the Rajya Sabha on LPG price, Minister for Petroleum and Natural Gas, Dharmendra Pradhan said, the prices of petroleum products in the country are linked to the price of respective products in the international market. However, the government continues to modulate the effective price to consumer for Subsidised Domestic LPG and the consumers get the product at subsidised rate. In more news, domestic airlines flew 1.23 crore passengers in February this year as compared to 1.13 crore passengers during the same period previously, the latest data released by the Directorate General of Civil Aviation shows. IndiGo, the Delhi based low-cost airline, carried 59.31 lakh of the 1.23 crore passengers flown in February this year followed by SpiceJet (18.91 lakh), Air India (14.81 lakh), GoAir (12.31 lakh), Air Asia (8.97 lakh) and Vistara (8.34 lakh), the data shows. (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 deepened their selloff on Wednesday and the Dow erased virtually the last of its gains since President Donald Trump’s 2017 inauguration, as the widening repercussions of the coronavirus pandemic threatened to cripple economic activity. The Dow Jones Index closed at 19,899, down 1,338.46 points by 6.30%. The Standard & Poors 500 index closed at 2,398 down 131.09 points by 5.18%. The Nasdaq Composite Index closed at 6,990, down 344.94 points by 4.70%.

FTSE 100

UK markets maintained their negative distance on Wednesday with the previous session’s close through afternoon, with a string of dividend suspensions on the back of the coronavirus giving investors little to smile about. The FTSE 100 index closed at 5,081, down 214.32 points by 4.05%.

 
 
Global Indices
18/03/2020 Clsg Chg%
Dow Jones 19,899 -6.30
NASDAQ 6,990 -4.70
FTSE 100 5,081 -4.05
Bovespa 66,895 -10.35
19/03/2020 Latest
(6:35AM IST)
Chg%
Nikkei 17,009 +1.69
Hang Seng 22,292 -4.18

Nikkei

Asian stocks struggled to find their footing in volatile trade on Thursday, as the latest promise of stimulus from the European Central Bank propped up sentiment while the world struggles to contain the coronavirus pandemic. Nikkei is currently trading at 17,009, up 297.21 points by 1.78%.

Precious Metals

Gold XAU= is down 3% for the week on Thursday.

Base Metals

The LME copper price was sharply lower at the close of trading on Wednesday March 18, dropping by more than 8% because of broad-based risk-aversion, but the LME lead price surprisingly made gains over the afternoon.

Crude Oil

Oil fell to an 18-year low as quarantine lockdowns spread across the globe on Thursday.

 
 
 

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