Morning Notes
22nd Jan, 2020
 

Trading Range:

Nifty opened gap down at 12195 on Tuesday and made a high and low of 12230 and 12162 respectively before closing negative at 12170.

Review/Outlook:

For the day, support for Nifty exists at 12120 and 12080 levels whereas resistance for Nifty stands at 12230 and 12300 levels.

Review/Outlook:

Bank Nifty opened gap up at 30979, made a high of 31171, low of 30859, and closed negative at 30948. 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 41,324 -0.49
Nifty 12,170 -0.45
BSE 200 5,116 -0.41
BSE Midcap 15,587 -0.21
BSE Smallcap 14,652 +0.00
Dow Jones 29,196 -0.52
NASDAQ 9,371 -0.19
 

DERIVATIVES INDICATORS FOR JAN 22, 2020:

NIFTY 12169.85 (-54.70) (-0.45%)
NIFTY JAN FUTURE 12203.10 (33.25 Points Premium)
NIFTY PCR - OI 1.08 (-0.05)
NIFTY OPEN INTEREST 1.47 Cr. (-0.44%)
INDIA VIX 15.86 (+2.94%)
NIFTY ROLLOVER 12%

NIFTY OPTIONS ACTIVITY (30-JAN SERIES)

CALL 12300 CE +4.70 lac Shares
CALL 12200 CE +4.22 lac Shares
PUT 12200 PE +1.10 lac Shares
PUT 12100 PE +0.80 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,507 -1.24
Bankex 35,302 -0.39
PSU 6,801 -0.61
Healthcare 14,005 -0.02
IT 15,925 -0.33
 
Market Turn Over (`cr)
Index 21/01 20/01
BSE Cash 1,937 3,383
NSE Cash 34,585 36,309
NSE F&O 1,282,524 1,281,508
BSE Delivery % 41.56 44.35
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 34.65 64.36
BSE 200 38.31 60.70
BSE 500 40.32 59.08
Total BSE 40.31 53.63
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 58.34 -0.34
Gold Rs./ 10 Gms 39911.00 -0.09
Silver Rs./ Kg 46143.00 -1.19
Rs.- US $ 71.19 +0.06
Rs.- Euro 78.89 -0.09
FII (Rs cr )
21/01* 20/01*
FIIs +1301.46 -1420.64
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       45,445.00       3,286.79       50,292.00       3,838.67    1,95,420.00     16,470.63     (551.88)
Index Options  37,49,649.00  2,62,484.82  37,69,189.00  2,64,076.49    8,07,033.00     65,312.46  (1,591.67)
Stock Futures    1,87,375.00     13,003.03    2,02,895.00     14,021.00  15,56,367.00  1,04,401.85  (1,017.97)
Stock Options       83,015.00       6,027.04       83,160.00       6,039.02       93,246.00       6,411.23       (11.98)
Total  40,65,484.00  2,84,801.68  41,05,536.00  2,87,975.18  26,52,066.00  1,92,596.17  (3,173.50)
Corporate News
United Spirits Ltd (USL) and United Breweries will have to spend a total of over $600 million to buy the pledged shares of Vijay Mallya and his holding company’s subsidiaries. (BL).
Apollo TeleHealth Services has inked a memorandum of understanding (MoU) with TeleHealthcare Malaysia under which it will set up 100 tele-clinics in that country. (ET).
Uttam Galva Steel on Tuesday challenged Deutsche Bank's application at the National Company Law Tribunal (NCLT) for the recovery of $20 million (Rs 142 crore). The Singapore branch of Deutsche Bank had given a $20 million credit facility to Uttam Galva on May 2, 2013. (BL).
Quarterly Earnings
Wires and cables maker Polycab India Ltd (PIL) on Tuesday said its profit after tax (PAT) rose 14 per cent to Rs 221.4 crore during the quarter ended December 31, 2019, helped by higher income.The company had clocked Rs 193.6 crore PAT in the corresponding quarter of the preceding fiscal, PIL said in a BSE filing. Total income in the latest quarter stood at Rs 2,507.6 crore as against Rs 2,048.6 crore in the same period of 2018-19.. (BL).
Consumer electrical goods maker Havells India on Tuesday posted 2.81 per cent increase in its consolidated net profit at Rs 201.22 crore for the quarter ended December 31, 2019. The company had reported a net profit of Rs 195.72 crore during the October-December period of 2018-19. Total income, however, declined to Rs 2,298.39 crore as compared with Rs 2,553.85 crore in the year-ago period, Havells India said in a regulatory filing. (ET).
Media and entertainment firm Zee Entertainment Enterprises on Tuesday reported a 38 per cent fall in its consolidated net profit for October-December quarter at Rs 348.60 crore, mainly on account of decline in advertising revenue. The company had posted a net profit of Rs 562.76 crore in the same period a year-ago, Zee Entertainment Enterprises Ltd (ZEEL) said in a filing to the BSE. (ET).
Private sector life insurer ICICI Prudential Life on Tuesday reported a marginal increase in net income to Rs 302 crore, despite a 33 per cent rise in growth in new business income and a spike in margins, for the December 2019 quarter. Its new business income jumped to Rs 426 crore in the December quarter, up 33 per cent as compared with the year-ago period at Rs 320 crore. The company's net income remained flat at Rs 302 crore against Rs 297 crore in the December 2018 quarter, while a spike in protection portfolio helped it improve margin to 21 per cent in the reporting quarter from 17 per cent a year ago. The company's solvency ratio stood at a healthy 207 against the regulatory requirement of 150, said N S Kannan, chief executive officer and managing director of ICICI Prudential Life. (ET).
HDFC Asset Management Company on Tuesday reported a 45 per cent jump in profit after tax (PAT) at Rs 352.5 crore for the three months ended December 31, 2019. In comparison, the company, had a posted a PAT of Rs 243.3 crore in the year-ago period. The company's total income rose 11 per cent to Rs 592 crore in the October-December quarter of the current fiscal from Rs 532.7 crore in the same period last financial year. The total asset managed by the fund house increased by 14 per cent to Rs 3,82,500 crore at the end of December, 2019 from Rs 3,35,000 crore in the end of December, 2018. (ET).
Economy and Sector News
The number of agencies revising India’s growth estimate is increasing, with the latest being the International Monetary Fund (IMF). The IMF on Monday slashed India’s GDP growth rate to 4.8 per cent for the current fiscal and 5.8 per cent for 2020-21. (BL).
Food delivery platform Zomato on Tuesday has said that it has acquired Uber’s food delivery business --  Uber Eats -- in India in an all-stock transaction. With this, Uber Eats will discontinue operations in India. It will direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from 7 am on Tuesday. However, the deal gives Uber 9.99 per cent ownership in Zomato. (ET).
Tech firm Skylo on Tuesday said it has raised $103 million (about ₹730 crore) in funding from SoftBank Group and others. The company, which has raised $116 million in total funding to date, saw participation from SoftBank Group in series B and was joined by series A co-leads DCM and Innovation Endeavors, alongside Moore Strategic Ventures, a statement said. (BL).
Self-drive mobility platform Zoomcar, secured an investment of $30 million as part of its $100-million ongoing Series D fund-raise led by existing and new global investors, including Sony Innovation Fund by IGV. (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 trading finished in the red on Tuesday, as traders returned from the Martin Luther King Jr Day holiday to concerns over a new deadly virus outbreak in China. The Dow Jones Index closed at 29,196, down 152.06 points by 0.52%. The Standard & Poors 500 index closed at 3,321, down 8.83 points by 0.27%. The Nasdaq Composite Index closed at 9,371, down 18.14 points by 0.19%.

FTSE 100

UK markets retreated on Tuesday, but finished the session well off their lows, dragged lower by worries about the spread of coronavirus in China and a stronger pound, as solid UK jobs data weakened the case for a rate cut by the Bank of England. The FTSE 100 index closed at 7,611, down 40.74 points by 0.53%.

 
 
Global Indices
21/01/2019 Clsg Chg%
Dow Jones 29,196 -0.52
NASDAQ 9,371 -0.19
FTSE 100 7,611 -0.53
Bovespa 117,026 -1.54
22/01/2020 Latest
(7:45AM IST)
Chg%
Nikkei 23,905 +0.17
Hang Seng 27,941 -0.16

Nikkei

Asian share markets steadied on Wednesday as investors took stock of the spread of a new strain of coronavirus from China and weighed the possible consequences of a global pandemic. Nikkei is currently trading at 23,905, up 40.49 points by 0.17%.

Precious Metals

Spot gold XAU= was 0.1% weaker at $1,556.00 per ounce on Wednesday.

Base Metals

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Tuesday January 21, settling at its lowest price since December 10 against moderate turnover, while a fresh inflow of some 40,000 tonnes pushed copper futures lower.

Crude Oil

Oil prices also settled back on Wednesday as traders figured a well-supplied global market would be able to absorb disruptions that have cut Libya’s crude production to a trickle.

 
 
 

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