Morning Notes
25th Feb, 2020
 

Trading Range:

Nifty opened gap down at 12013 on Monday and made a high and low of 12013 and 11813 respectively before closing negative at 11829.

Review/Outlook:

For the day, support for Nifty exists at 11750 and 11680 levels, whereas resistance for Nifty stands at 11900 and 11970 level.

Review/Outlook:

Bank Nifty opened gap down at 30666, made a high of 30702, low of 30428, and closed negative at 30455. For the day, support for Bank Nifty exists at 30200 and 30000 levels whereas resistance for Bank Nifty stands at 30700 and 30900 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,363 -1.96
Nifty 11,829 -2.08
BSE 200 4,989 -2.04
BSE Midcap 15,444 -1.60
BSE Smallcap 14,513 -1.58
Dow Jones 27,960 -3.56
NASDAQ 9,221 -3.71
 

DERIVATIVES INDICATORS FOR FEB 25, 2020:

NIFTY 11829.40 (-251.45) (-2.08%)
NIFTY FEB FUTURE 11827.55 (1.85 Points Discount)
NIFTY PCR - OI 1.10 (-0.30)
NIFTY OPEN INTEREST 1.65 Cr. (+15.18%)
INDIA VIX 16.99 (+24.07%)
NIFTY ROLLOVER 35%

NIFTY OPTIONS ACTIVITY (27-FEB SERIES)

CALL 11900 CE +20.03 lac Shares
CALL 12000 CE +33.75 lac Shares
PUT 11800 PE +5.79 lac Shares
PUT 11700 PE +8.04 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,776 -3.39
Bankex 34,957 -1.58
PSU 6,305 -2.18
Healthcare 14,205 -2.27
IT 16,176 -1.04
 
Market Turn Over (`cr)
Index 24/02 20/02
BSE Cash 2,061 10,705
NSE Cash 39,153 44,307
NSE F&O 1,276,172 3,314,285
BSE Delivery % 48.07 45.54
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 4.95 95.05
BSE 200 10.95 89.05
BSE 500 13.77 85.83
Total BSE 26.91 66.57
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 51.43 +0.41
Gold Rs./ 10 Gms 43580.00 +2.14
Silver Rs./ Kg 49405.00 +2.28
Rs.- US $ 72.07 +0.25
Rs.- Euro 78.22 +0.39
FII (Rs cr )
24/02* 20/02*
FIIs +840.85 +1293.17
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       97,689.00       7,860.01    1,09,589.00       9,098.15    1,93,731.00     16,349.69  (1,238.14)
Index Options  31,59,858.00  2,29,234.59  31,43,706.00  2,27,437.15    7,28,049.00     61,239.20   1,797.44
Stock Futures    4,88,808.00     32,141.15    5,03,880.00     33,131.41  16,15,237.00  1,03,199.15     (990.26)
Stock Options       87,121.00       6,164.74       89,563.00       6,354.52       80,068.00       5,328.86     (189.78)
Total  38,33,476.00  2,75,400.49  38,46,738.00  2,76,021.23  26,17,085.00  1,86,116.90     (620.74)
Corporate News
Indian Oil will invest close to Rs.500 crore in expanding its retail network in Kerala in the next few years. (BL).
KEC International, through its wholly-owned subsidiary KEC Towers LLC, has acquired an automated transmission tower manufacturing facility for Rs.100 crore. (ET).
The Competition Commission of India (CCI) has approved the acquisition of 74.50 per cent paid-up share capital of THDC India Limited (THDCIL) by NTPC Limited. NTPC is buying these shares from the Government of India, and the approval is under Section 31(1) of the Competition Act, 2002. (BS).
The board of directors of Hindustan Unilever Ltd (HUL) on Monday approved a proposal to form a new 100 per cent subsidiary of Hindustan Unilever Ltd. This company will be incorporated with an authorised share capital of Rs.2,000 crore, the company said in a statement. (ET).
India's top gas utility GAIL (India) Ltd sees the falling spot price of liquefied natural gas (LNG) as the biggest risk to its business, its chairman Manoj Jain said on Monday. In more news, the DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the department appeared to be not pressing for immediate payment of Rs 1.83 lakh crore in past dues it had previously assessed from the state-owned gas utility. (BL).
Global healthcare major Abbott on Monday said it has launched a new inactivated quadrivalent vaccine for influenza that offers protection against four virus strains in India. (ET).
Two- and three-wheeler maker TVS Motor on Monday said it might witness a 10 per cent drop in its production for February due to the impact of the coronavirus (Covid-19) outbreak in China. (BS).
Indian Hotels Company Limited (IHCL), promoters of Taj group of hotels, has achieved 50 per cent objectives laid out under its 'Aspiration 2022' including a milestone of 200 hotels with an inventory of over 25,000 rooms. (BL).
Software firm TCS and real estate major DLF have sought government nod to set up special economic zones (SEZ) for IT sector in Haryana and Uttar Pradesh. These proposals will be taken up by the Board of Approval, the highest decision-making body for SEZ, in its meeting on February 26 here. The inter-ministerial body is chaired by the commerce secretary. (BL).
The country's largest carmaker Maruti Suzuki India on Monday launched the petrol version of its popular compact SUV Vitara Brezza priced between Rs 7.34 lakh and Rs 11.4 lakh (ex-showroom Delhi). The BS-VI petrol Vitara Brezza is powered by 1.5 litre K-series engine with 5-speed manual and automatic transmission options with smart hybrid, the company said in a statement. (ET).
Economy and Sector News
The Singareni Collieries Company Ltd has set a coal production target of 67.5 million tonnes and firmed up capital expenditure of Rs.3,000 crore for 2020-21. The board of directors of the State-owned mining company held its 552nd meeting at Singareni Bhavan during the weekend, when its Chairman and Managing Director, N Sridhar, sanctioned ₹3,000 crore of investments for the next financial year. (BL).
The Covid-19 outbreak in China has added to the woes of domestic solar developers and Independent Power Producers (IPPs) as well as module OEMs with disruption in the supply of key components used in manufacturing solar modules. Sabyasachi Majumdar, Group Head & Senior Vice-President, Corporate Ratings, ICRA, said, given the import dependency on China for sourcing of PV modules, the execution timelines for the ongoing utility scale/roof-top solar projects are likely to be affected with delays in the delivery of PV modules. (ET).
IntrCity by RailYatri, the bus aggregator brand of the ticket booking company, has raised Rs.100 crore in its latest funding round, led by Nandan Nilekani and Samsung Venture Investment coming on board as a strategic investor. This round also saw participation from other existing investors — Omidyar Network and Blume Ventures. The intercity mobility start-up has so far raised $30 million, said a company release. (BL).
The government has reallocated unused export quota of 6,50,000 tonnes of sugar in the ongoing 2019-20 marketing year under the Maximum Admissible Export Quota (MAEQ) scheme, a senior Food Ministry official said on Monday. For the current year, the government has allowed export of 6 million tonnes of sugar under the quota to help deal with the surplus sugar. (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 recorded some of their worst losses in two years on Monday as the number of Wuhan coronavirus cases accelerated outside of China, fuelling concerns about a potential prolonged global economic slowdown. The Dow Jones Index closed at 27,961, down 1,031.61 points by 3.56%. The Standard & Poors 500 index closed at 3,226, down 111.86 points by 3.35%. The Nasdaq Composite Index closed at 9,221, down 355.31 points by 3.71%.

FTSE 100

UK markets took a beating on Monday, with the top-flight index down more than 3% as global markets were roiled by growing concerns that the COVID-19 coronavirus might be set to spread into Europe. The FTSE 100 index closed at 7,157, down 247.09 points by 3.34%.

 
 
Global Indices
24/02/2019 Clsg Chg%
Dow Jones 27,961 -3.56
NASDAQ 9,221 -3.71
FTSE 100 7,157 -3.34
Bovespa 113,681 -0.79
25/02/2020 Latest
(6:37AM IST)
Chg%
Nikkei 22,603 -3.35
Hang Seng 26,821 -1.79

Nikkei

Asian share markets started trading early in the morning on Tuesday on a negative note as the investors will be closely watching the US markets. Nikkei is currently trading at 22,603, down 783.82 points by 3.35%.

Precious Metals

Gold futures surged on Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the globe injected a fresh bout of nervousness into the markets, lifting demand for assets perceived as havens like gold.

Base Metals

The three-month zinc price on the London Metal Exchange fell by more than 2% at the close of trading on Monday February 24, with downward moves taking it to its its lowest close since July 2016, while broad risk-off sentiment across the base-metals complex saw copper lose 1.2% of its outright price.

Crude Oil

Oil futures suffered a drop of almost 4% on Monday as the spread of COVID-19 outside China underlines worries about a potential hit to crude demand.

 
 
 

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