Morning Notes
20th Feb, 2020
 

Trading Range:

Nifty opened gapup at 12091 on Wednesday and made a high and low of 12135 and 12042 respectively before closing positive at 12126.

Review/Outlook:

For the day, support for Nifty exists at 12060 and 11990 levels whereas resistance for Nifty stands at 12190 and 12260 levels.

Review/Outlook:

Bank Nifty opened gapup at 30905, made a high of 30947, low of 30606, and closed positive at 30838. For the day, support for Bank Nifty exists at 30600 and 30400 levels whereas resistance for Bank Nifty stands at 31000 and 31200 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,324 +1.05
Nifty 12,126 +1.11
BSE 200 5,102 +1.24
BSE Midcap 15,632 +1.34
BSE Smallcap 14,672 +1.41
Dow Jones 29,348 +0.40
NASDAQ 9,817 +0.87
 

DERIVATIVES INDICATORS FOR FEB 20, 2020:

NIFTY 12125.90 (+133.40) (+1.11%)
NIFTY FEB FUTURE 12142.70 (16.80 Points Premium)
NIFTY PCR - OI 1.38 (+0.27)
NIFTY OPEN INTEREST 1.42 Cr. (-0.50%)
INDIA VIX 14.02 (-3.36%)
NIFTY ROLLOVER 17%

NIFTY OPTIONS ACTIVITY (27-FEB SERIES)

CALL 12100 CE -2.74 lac Shares
CALL 12200 CE -7.43 lac Shares
PUT 12100 PE +8.71 lac Shares
PUT 12000 PE +8.41 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 17,338 +0.03
Bankex 35,381 +0.77
PSU 6,416 +1.54
Healthcare 14,502 +2.12
IT 16,470 +0.03
 
Market Turn Over (`cr)
Index 19/02 18/02
BSE Cash 2,142 2,539
NSE Cash 37,908 38,231
NSE F&O 1,739,011 1,489,668
BSE Delivery % 37.36 47.33
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 85.15 14.85
BSE 200 78.61 20.90
BSE 500 73.25 25.55
Total BSE 55.89 37.53
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 53.29 +2.38
Gold Rs./ 10 Gms 41586.00 +0.40
Silver Rs./ Kg 47570.00 +0.65
Rs.- US $ 71.62 -0.07
Rs.- Euro 77.41 +0.03
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       55,516.00       4,519.74        45,330.00        3,525.37      1,62,330.00      13,754.02     994.37
Index Options   44,71,789.00  3,13,537.63    44,53,415.00   3,11,999.13      7,12,065.00      60,055.69  1,538.50
Stock Futures     2,29,140.00     15,345.37     2,16,301.00      14,577.42    15,66,757.00   1,02,785.64     767.95
Stock Options       92,580.00       6,703.20        91,786.00        6,659.94        83,822.00        5,690.20       43.26
Total   48,49,025.00  3,40,105.94    48,06,832.00   3,36,761.86    25,24,974.00   1,82,285.55  3,344.08
Corporate News
Orient Electric, part of the diversified C K Birla Group, has launched a new range of inverter-motor based fans for the upcoming summer season. (BL).
The National Highway Authority of India has offered a loan of Rs.260 crore to Reliance Infrastructure subsidiary PS Toll Road Private Limited. In more news, Reliance Industries’ talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent week. (ET).
The three non-telecom companies — GAIL (India) Ltd, Oil India Ltd, and Power Grid Corporation of India Ltd — are planning to appeal against the Supreme Court’s verdict on the adjusted gross revenue (AGR) issue, according to a brokerage report. (BS).
Private sector Kotak Mahindra Bank on Wednesday said the Reserve Bank has granted its final approval for reducing promoters' stake in the bank to 26 per cent. (ET).
Investigators with India's antitrust watchdog have found no evidence that the country's biggest airline, IndiGo and four rival carriers colluded to fix ticket prices. The Competition Commission of India (CCI) in 2015 ordered a probe into allegations of anti-competitive practices after similar fares were being offered on certain routes by IndiGo, SpiceJet, GoAir, state-run Air India and now-defunct Jet Airways. (BS).
Sterlite Technologies Limited, a global data networks innovator, has added new orders of Rs1,500cr as it sets off 2020 to a great start. These orders have ranged from continued business development in its core areas of optical connectivity solutions and network services to emerging areas suchp as software virtualization. (ET).
Tata Motors-owned Jaguar Land Rover (JLR) has unveiled a new futuristic electric driverless car concept as part of a spin-off project developed at its new innovation centre at the University of Warwick in central England. In more news, Tata Group’s airline carrier Vistara on Wednesday announced its partnership with Nelco (another firm belonging to the Tata Group) and Panasonic Avionics to provide in-flight broadband in its flights from next month. (BS).
Man Industries informed the exchanges via a press release that the company has received new export order of ~Rs300cr from MENA Region. With this, the total unexecuted order book of the company stands at ~Rs1,600cr In more news, ARSS Infra informed the exchanges that the company has received a work order of Rs130cr for execution of P-Way Linking Works including yard remodelling and other miscellaneous works like widening and extension of platforms, FOB, Goods Platforms, Passenger amenities, Earth -work, S&T Works, General Electrical Works OHE/RE works in section Beobahal(IN)-Barpali(IN) in connection with the doubling of Sambalpur-Titlagarh in Sambalpur division of East Coast Railway by Rail Vikas Nigam Limited on February 17, 2020 which was intimated to the company on February 18, 2020. (BL).
Economy and Sector News
Food delivery platform Swiggy has raised $113 million in an ongoing Series-I fund-raise led by existing investor Prosus N.V. (earlier called Naspers) and includes participation from Meituan Dianping and Wellington Management Company. This round was raised at a pre-money valuation of $3.5 billion. In more news, Coffee retail restaurant chain Cuppa plans to raise up to $2 million to expand its operations. (BL).
The automobile and oil industries are ready for a nationwide adoption of BS-VI grade auto fuel from April 1. To implement the transition from BS-IV grade auto fuel to BS-VI grade fuel, the automotive manufacturers have invested about Rs.70,000 crore. (ET).
India’s automotive industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, as China accounts for 27 per cent of India’s auto component imports, valued at $4.8 billion, credit rating agency ICRA said in a statement on Wednesday. (BL).
Industries such as chemicals, dyes and pigments, pharmaceuticals, textiles, electronics and auto could witness short-term supply disruptions due to the production shutdown in China. In turn, the reduced economic activity could result in a slowdown in bulk consumption and this could indirectly affect bulk imports like coal, crude and other commodities, said K Ravichandran, Senior VP and Group Head, ICRA Ratings, in a report on the impact of coronavirus on Indian ports. (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 finished on Wednesday at all-time highs as investors were encouraged by comments from the Federal Reserve and measures China says it has taken to help coronavirus-stricken businesses. The Dow Jones Index closed at 29,348, up 115.84 points by 0.40%. The Standard & Poors 500 index closed at 3,386, up 15.86 points by 0.47%. The Nasdaq Composite Index closed at 9,817, up 84.44 points by 0.87%.

FTSE 100

UK markets were firmly in the green on Wednesday as concerns about the coronavirus eased and as investors mulled news that UK inflation hit a six-month high in January. The FTSE 100 index closed at 7,457, up 75.01 points by 1.02%.

 
 
Global Indices
19/02/2019 Clsg Chg%
Dow Jones 29,348 +0.40
NASDAQ 9,817 +0.87
FTSE 100 7,457 +1.02
Bovespa 116,518 +1.34
20/02/2020 Latest
(4:45AM IST)
Chg%
Nikkei 23,401 +0.89
Hang Seng 27,656 +0.46

Nikkei

Asian share markets started trading early in the morning on Thursday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 23,401, up 206.90 points by 0.89%.

Precious Metals

Gold prices are now trading at their highest levels in almost seven years on Wednesday, as the economic impact of the COVID-19 epidemic in China has raised expectations for stimulus from global central banks to sustain economic growth, feeding talk of record $2,000-an-ounce prices and beyond for the precious metal.

Base Metals

The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Wednesday February 15, with daily trading volumes hitting a three-month low against reduced open interest, while nickel failed to test nearby resistance.

Crude Oil

Oil futures posted their highest settlement in nearly three weeks on Wednesday, with Brent oil tallying seventh straight session advance.

 
 
 

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