Morning Notes
21st Jan, 2020

Trading Range:

Nifty opened gap up at 12430 on Monday and made a high and low of 12430 and 12217 respectively before closing negative at 12225.


For the day, support for Nifty exists at 12180 and 12100 levels whereas resistance for Nifty stands at 12280 and 12330 levels.


Bank Nifty opened gap up at 31924, made a high of 31924, low of 31051, and closed flat to negative at 31081. For the day, support for Bank Nifty exists at 30800 and 30500 levels whereas resistance for Bank Nifty stands at 31300 and 31500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,529 -0.99
Nifty 12,225 -1.03
BSE 200 5,137 -0.92
BSE Midcap 15,619 -0.57
BSE Smallcap 14,651 -0.39
Dow Jones - -


NIFTY 12224.55 (-127.80) (-1.03%)
NIFTY JAN FUTURE 12263.15 (38.60 Points Premium)
NIFTY PCR - OI 1.13 (-0.33)
NIFTY OPEN INTEREST 1.48 Cr. (-2.14%)
INDIA VIX 15.41 (+9.08%)


CALL 12300 CE +8.73 lac Shares
CALL 12400 CE +5.40 lac Shares
PUT 12200 PE -3.03 lac Shares
PUT 12000 PE -3.21 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,740 -0.85
Bankex 35,441 -1.65
PSU 6,842 -1.01
Healthcare 14,008 -0.31
IT 15,977 -0.87
Market Turn Over (`cr)
Index 20/01 17/01
BSE Cash 3,383 2,183
NSE Cash 36,309 38,353
NSE F&O 1,281,508 837,592
BSE Delivery % 44.35 42.83
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 26.73 73.27
BSE 200 29.85 69.65
BSE 500 31.54 67.86
Total BSE 34.33 59.51
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 58.71 +0.29
Gold Rs./ 10 Gms 39947.00 +0.00
Silver Rs./ Kg 46701.00 -0.12
Rs.- US $ 71.15 +0.17
Rs.- Euro 78.96 +0.18
FII (Rs cr )
20/01* 17/01*
FIIs -1420.64 +9731.96
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       63,819.00       4,796.73       59,098.00       4,662.28    1,79,769.00     15,322.95   134.45
Index Options  36,14,622.00  2,61,097.12  36,09,572.00  2,60,825.79    7,97,265.00     64,946.59   271.33
Stock Futures    2,16,273.00     15,253.15    2,32,740.00     15,899.99  15,48,903.00  1,04,301.04  (646.84)
Stock Options    1,20,179.00       8,712.39    1,23,193.00       8,952.79       92,809.00       6,407.07  (240.40)
Total  40,14,893.00  2,89,859.39  40,24,603.00  2,90,340.85  26,18,746.00  1,90,977.65  (481.46)
Corporate News
Niche bike maker Royal Enfield on Monday said it has launched its model Himalyan with BS-VI compliant engine with price starting at Rs1.86 lakh (ex-showroom). (BL).
The Supreme Court on Monday accepted the proposal of the Centre to take over the management control of embattled realty firm Unitech Limited. (ET).
After the Government of Madhya Pradesh served a show-cause notice to Nestle’s arm to explain the company’s participation in a nutrition conference organised by Apollo Hospitals in Indore, many eyebrows were raised for singling out one company. (BL).
Truck and bus maker Ashok Leyland has said it expects pick up in demand for tippers and ICVs (intermediate commercial vehicles) due to the Centre’s infrastructure push and growth in e-commerce, respectively, while outlining its preparedness for BS-VI, for which the Hinduja flagship has spent about Rs.500 crore. (BL).
Tata International, a part of the Tata Group, plans to invest nearly Rs.500 crore in the next five years to expand its manufacturing capacity, especially for synthetic and non-leather products and ladies shoes, said V Muthukumaran, Head-Leather Products, Tata International. The market is good for both leather and non-leather products, he told newspersons. (ET).
Zydus Cadila has entered into a licensing agreement with China Medical System Holdings Ltd (CMS) for developing and commercialisation of a novel oral product for treatment of anaemia in patients with Chronic Kidney Disease (CKD) in Greater China market. (BL).
Cipla on Monday announced the closure of inspection by the US health regulator at its Patalganga manufacturing facility in Maharashtra. (BS).
Quarterly Earnings
State-run Bank of Maharashtra on Monday reported a net profit of Rs 135 crore in the quarter ended December against a net loss of Rs 3,764 crore in the year-ago period. On quarter-on-quarter basis, the lender had reported a net profit of Rs 115 crore. Net profit increased to Rs 135 crore in the quarter supported by an increase in net interest income, robust recovery and control on expenses. Net interest income (NII) rose 36 per cent to Rs 1,186 crore. During the quarter, it classified Rs 72,019 crore of loans as fraud and holds a 100 per cent provisioning on these accounts. Capital adequacy ratio increased to 11.21 per cent against 11.049 per cent and tier 1 ratio stood at 9.44 per cent as of December-end. (BL).
Federal Bank on Monday posted 32.1 per cent increase in net profit at Rs 440.64 crore for December quarter 2019-20. The private sector lender registered a profit of Rs 333.63 crore in the year-ago period. Total income also improved to Rs 3,738.22 crore during the third quarter as against Rs 3,299.96 crore in the year-ago period. Net NPAs of the bank also fell to 1.63 per cent of the total assets in October-December 2019 as against 1.72 per cent a year ago. (ET).
ICICI Securities, the investment services arm of ICICI Group, on Monday reported a 36 per cent rise in consolidated profit to Rs 137 crore for the third quarter of 2019-20. In comparison, the company's profit stood at Rs 101.1 crore in the October-December quarter of 2018-19, ICICI Securities said in a regulatory filing. The company's total income also rose to Rs 422.12 crore, compared with Rs 404.7 crore in the third quarter of the previous fiscal. (ET).
Hindustan Zinc posted a 27% decline in net profit in Q3FY20 to Rs 1,620 crore against Rs 2,211 crore in the same period last year. The country’s leading zinc producer also saw its revenue from operations dip by 16% in the third quarter to Rs 4,672 crore compared to the same period last year, due to a 9% decline in zinc prices on the benchmark London Metal Exchange (LME) and lower volumes compared to a year ago. The company’s profit before tax (PBT) went down to Rs 2,095 crore in Q3FY20 against Rs 2,848 crore from a year ago, an official statement from HZL said on Monday. EBITDA (earnings before interest tax depreciation and amortization) for the quarter was at Rs 2,288 crore, 20% lower compared to a year ago period primarily due to lower revenues. (ET).
Economy and Sector News
The International Monetary Fund has slashed its estimate on India’s 2019 economic growth to 4.8% from the 6.1% expansion it projected in October, citing a sharper-than-expected slowdown in local demand and stress in the non-bank financial sector. The steep cut in India’s growth rate has weighed on IMF’s projection on the world economy, which it now expects to have expanded 2.9% in 2019 compared with the previous forecast of 3.0%. The IMF’s World Economic Outlook (WEO) Update revised India’s 2020 growth forecast to 5.8%, down 0.9 percentage point from the previous estimate. For 2021, the estimate is 6.5%. (BL).
The United Nations Conference on Trade and Development (UNCTAD) on Monday said that India was among the top 10 recipients of Foreign Direct Investment (FDI) in 2019, attracting $49 billion in inflows, a 16% increase from the previous year, driving the FDI growth in South Asia. The majority went into services industries, including information technology. (ET).
The telecom department has slapped a Rs 48,000 crore demand notice on Oil India in past statutory dues, an order which the country's second-biggest state oil producer plans to challenge in Telecom Disputes Settlement and Appellate Tribunal (TDSAT). Following a Supreme Court ruling that non-telecom revenues should be included for considering payments of government dues, the Department of Telecommunications (DoT) has asked Oil India to pay Rs 48,000 crore in principal dues together with interest and penalty for using optic fibre network for internal communication. The dues sought are double the net worth of Oil India. (BL).
Aviation regulator DGCA on Monday said domestic air passenger traffic grew to 14.41 crore in 2019, an increase of just 3.74 per cent compared to 2018. The domestic air passenger traffic grew by 18.6 per cent to 13.89 crore in 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 were closed on Monday for Martin Luther King Jr. Day. The following numbers are for the previous trading session. 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 edged lower on Monday as investors geared up for the start of the World Economic Forum in Davos, Swizterland, and digested downwardly revised growth forecasts from the International Monetary Fund. The FTSE 100 index closed at 7,675, up 64.75 points by 0.85%.

Global Indices
20/01/2019 Clsg Chg%
Dow Jones - -
FTSE 100 7,651 -0.30
Bovespa 118,862 +0.32
21/01/2020 Latest
(5:47AM IST)
Nikkei 24,084 +0.18
Hang Seng 28,796 -0.90


Asian stocks drifted Tuesday in trading muted by yesterday’s U.S. holiday. Crude oil pared gains related to supply disruptions in Libya and Iraq. Nikkei is currently trading at 24,084, up 42.25 points by 0.18%.

Precious Metals

Gold gained 0.1% to $1,562 an ounce on Tuesday.

Base Metals

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday January 20, back above the $14,000 per tonne threshold against the lowest turnover since December 24 last year.

Crude Oil

WTI crude futures rose 0.3% to $58.71 per barrel on Tuesday.


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