Morning Notes
20th Jan, 2020
 

Trading Range:

Nifty opened gap down at 12328 on Friday and made a high and low of 12385 and 12321 respectively before closing flat at 12352.

Review/Outlook:

For the day, support for Nifty exists at 12280 and 12230 levels whereas resistance for Nifty stands at 12410 and 12500 levels.

Review/Outlook:

Bank Nifty opened gap down at 31572, made a high of 31774, low of 31446, and closed flat to negative at 31591. For the day, support for Bank Nifty exists at 31450 and 31200 levels whereas resistance for Bank Nifty stands at 31800 and 32000 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,945 +0.03
Nifty 12,352 -0.03
BSE 200 5,184 +0.06
BSE Midcap 15,709 +0.54
BSE Smallcap 14,709 +0.42
Dow Jones 29,348 +0.17
NASDAQ 9,389 +0.34
 

DERIVATIVES INDICATORS FOR JAN 20, 2020:

NIFTY 12352.35 (-3.15) (-0.03%)
NIFTY JAN FUTURE 12384.65 (32.30 Points Premium)
NIFTY PCR - OI 1.46 (-0.06)
NIFTY OPEN INTEREST 1.51 Cr. (+1.63%)
INDIA VIX 14.12 (-0.39%)
NIFTY ROLLOVER 10%

NIFTY OPTIONS ACTIVITY (30-JAN SERIES)

CALL 12400 CE -0.82 lac Shares
CALL 12500 CE -2.14 lac Shares
PUT 12400 PE +1.52 lac Shares
PUT 12300 PE +2.15 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,901 +0.36
Bankex 36,036 -0.78
PSU 6,912 -0.72
Healthcare 14,051 +1.26
IT 16,117 -0.17
 
Market Turn Over (`cr)
Index 17/01 16/01
BSE Cash 2,183 7,832
NSE Cash 38,353 34,228
NSE F&O 837,592 3,227,321
BSE Delivery % 42.83 48.95
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 51.49 47.52
BSE 200 53.23 46.27
BSE 500 51.20 48.00
Total BSE 48.78 44.88
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 59.15 +1.04
Gold Rs./ 10 Gms 39946.00 +0.66
Silver Rs./ Kg 46756.00 +0.72
Rs.- US $ 71.03 +0.10
Rs.- Euro 78.82 -0.27
FII (Rs cr )
17/01* 16/01*
FIIs +9731.96 +63.28
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       36,480.00       2,788.62       33,561.00       2,658.47    1,60,858.00     13,985.02   130.15
Index Options  23,06,683.00  1,67,419.21  22,97,872.00  1,66,929.81    7,20,189.00     60,039.11   489.40
Stock Futures    1,92,172.00     13,637.83    2,00,165.00     14,101.59  15,43,424.00  1,05,171.43  (463.76)
Stock Options       88,246.00       6,742.21       87,971.00       6,712.40       89,083.00       6,195.12     29.81
Total  26,23,581.00  1,90,587.87  26,19,569.00  1,90,402.27  25,13,554.00  1,85,390.68   185.60
Corporate News
IndianOil has signed an agreement with Cummins Technologies for bulk dispensing of its diesel exhaust fluid, branded as IOC ClearBlue. The fuel is recommended for advanced engines with SCR (selective catalytic reduction) systems. (BL).
Power Finance Corporation Ltd (PFC) has become the first public sector company to issue senior unsecured US Dollar bonds with a tenure of more than 10 years. A company statement said on Friday, PFC has successfully carried out the issuance of 10.25 year, $750-million bonds on January 15, under Reg S & 144 A route. (ET).
Carmaker Maruti Suzuki India (MSI) on Friday said it has launched BS-VI compliant version of its multi-purpose van Eeco, priced between Rs 3.8 lakh and Rs 6.84 lakh (ex-showroom Delhi/NCR). (BL).
Jay Shree Tea and Industries Ltd , a BK Birla group outfit, has entered into a definitive agreement with Grand Lacs Trading SA, Belgium to sell its stake in two of its tea estates in East Africa at an estimated consideration of ₹71 crore. (BL).
GMR Group which is in race for two international airports in Montenegro, a southern European country, emerged as one of the qualified bidders, according to a notification issued by the Montenegrin Transport Ministry. (ET).
Reliance Industries Ltd said on Friday its plan to close the deal to sell a 20 per cent stake in its oil to chemicals business for $15 billion to Saudi Aramco will miss the March 31 timeline announced earlier. (BL).
Piramal Enterprises Ltd (PEL) will sell its healthcare insights and analytics firm to US-based Clarivate Analytics for $950 million. This includes $900 million on closing and $50 million to be received at the end of 12 months from the date of closing. (BS).
Quarterly Earnings
Private lender HDFC Bank posted a 32.8 per cent year-on-year (YoY) rise in December quarter profit on Saturday, on the back of higher interest and fee income. Net interest income (interest earned less interest expended) in December quarter grew to Rs 14,172.9 crore from Rs 12,576.8 in the same quarter a year ago. It was driven by growth in advances of 19.9 per cent, and a growth in deposits of 25.2 per cent. The net interest margin for the quarter remained stable at 4.2 per cent. Other income (non-interest revenue) came in at Rs 6,669.3 crore and was 32 per cent of the net revenues for the said quarter. This was against Rs 4,921.0 crore other income posted in the same quarter a year ago. The main component of other income – fees and commissions grew by 24.1 per cent to Rs 4,526.8 crore. (BL).
Reliance Jio Infocomm has reported a 62.5 per cent increase in net profit for the October-December period, helped by tariff raises that aided its average revenue per user (ARPU) rebound from seven straight quarters of decline. The telco, led by Mukesh Ambani, on Friday said profit for the quarter rose to Rs 1,350 crore compared with Rs 831 crore a year ago. The market had estimated profit to be more than Rs 1,300 crore. Profit was up 36.4 per cent from the preceding quarter. It is the company’s ninth profitable quarter in a row. (ET).
HCL Q3 net was up 17%. HCL Technologies reported a 17.2 per cent year on year increase in its net profit for the third quarter at $426 million. (ET).
Blue Dart Express on Friday reported consolidated net loss of Rs 31.92 crore for the quarter ended December on 31, 2019. However, the company had posted consolidated net profit of Rs 32.02 crore in the year-ago period, Blue Dart Express said in a BSE filing. Total income of the company in the October-December period declined to Rs 859.74 crore as against Rs 862.47 crore in the year-ago quarter. (ET).
IT major TCS on Friday reported 0.20 per cent year-on-year rise in profit at Rs 8,118 crore compared with Rs 8,105 crore net reported for the same quarter last year. Revenue for the quarter rose 6.7 per cent to Rs 39,854 crore compared with Rs 37,338 crore in the year-ago. In constant currency terms, revenue grew 6.8 per cent, while operating margin came in at 25 per cent. (ET).
Economy and Sector News
GMR Airports Ltd has bagged the contract for duty-free shops at Kannur International Airport (KIAL) Ltd in Kerala. (BL).
In an effort to plug revenue leaks, the Central Goods & Services Tax (CGST) administration has started blocking input tax credit (ITC) for assessees who availed credit against fake invoices, or against invoices without the receipt of goods or services, or both. (ET).
The government’s tax collection is likely to fall short of its estimate by Rs 2.5 lakh crore or 1.2 per cent of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while calling for scrapping of dividend distribution tax. (BL).
Power demand and electricity generation in the country declined for a fourth quarter in a row due to continued slowdown in the economy. The trend was seen across both conventional and renewable energy (RE). According to a Motilal Oswal report, conventional electricity generation in December, declined 2 per cent, when compared to the same period last year. (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 higher on Friday following the release of some economic data out of China overnight and a strong start to earnings season. The Dow Jones Index closed at 29,348, up 50.46 points by 0.17%. The Standard & Poors 500 index closed at 3,330, up 12.81 points by 0.39%. The Nasdaq Composite Index closed at 9,389, up 64.75 points by 0.85%.

FTSE 100

UK markets jumped at the end of the week on Friday, amid mounting speculation of an upcoming cut to Bank Rate and stoked by a raft of better-than-expected economic data out of the People's Republic of China. The FTSE 100 index closed at 7,675, up 64.75 points by 0.85%.

 
 
Global Indices
17/01/2019 Clsg Chg%
Dow Jones 29,348 +0.17
NASDAQ 9,389 +0.34
FTSE 100 7,675 +0.85
Bovespa 118,478 +1.52
20/01/2020 Latest
(8:03AM IST)
Chg%
Nikkei 24,096 +0.23
Hang Seng 29,021 -0.12

Nikkei

Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Nikkei is currently trading at 24,096, up 55.08 points by 0.23%.

Precious Metals

Spot gold stood at $1,557.75 per ounce on Monday, having hit a seven-year top earlier this month of $1,610.90 at the height of Iran-U.S. tensions.

Base Metals

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance.

Crude Oil

Brent crude futures rose 79 cents to $65.71 a barrel on Monday, while U.S. crude jumped 67 cents to $59.21.

 
 
 

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