Morning Notes
24th Jan, 2020

Trading Range:

Nifty opened gap up at 12124 on Thursday and made a high and low of 12189 and 12094 respectively before closing positive at 12180.


For the day, support for Nifty exists at 12120 and 12070 levels whereas resistance for Nifty stands at 12220 and 12300 levels.


Bank Nifty opened gap up at 30742, made a high of 31087, low of 30621, and closed positive at 31004. For the day, support for Bank Nifty exists at 30700 and 30500 levels whereas resistance for Bank Nifty stands at 31200 and 31500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,386 +0.66
Nifty 12,180 +0.61
BSE 200 5,131 +0.74
BSE Midcap 15,702 +1.06
BSE Smallcap 14,772 +0.95
Dow Jones 29,160 -0.09
NASDAQ 9,402 +0.20


NIFTY 12180.35 (+73.45) (+0.61%)
NIFTY JAN FUTURE 12201.00 (20.65 Points Premium)
NIFTY PCR - OI 1.16 (+0.16)
NIFTY OPEN INTEREST 1.48 Cr. (-0.23%)
INDIA VIX 15.85 (-3.09%)


CALL 12200 CE +1.44 lac Shares
CALL 12450 CE +1.38 lac Shares
PUT 12000 PE +5.85 lac Shares
PUT 12100 PE +8.16 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,485 +0.74
Bankex 35,343 +1.06
PSU 6,817 +1.63
Healthcare 14,106 +0.73
IT 16,231 +0.82
Market Turn Over (`cr)
Index 23/01 22/01
BSE Cash 2,465 1,801
NSE Cash 43,504 36,490
NSE F&O 3,445,385 1,674,538
BSE Delivery % 45.63 46.71
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 76.24 23.76
BSE 200 74.13 25.37
BSE 500 70.26 29.14
Total BSE 53.80 40.91
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 55.59 -2.03
Gold Rs./ 10 Gms 40283.00 +0.93
Silver Rs./ Kg 46380.00 +0.32
Rs.- US $ 71.35 +0.34
Rs.- Euro 78.89 -0.03
FII (Rs cr )
23/01* 22/01*
FIIs +28.75 +1696.53
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       59,758.00       4,570.45       66,183.00       4,987.07    2,16,392.00     18,271.91    (416.62)
Index Options  69,22,284.00  4,70,062.93  68,85,915.00  4,67,133.92    7,24,686.00     60,008.22  2,929.01
Stock Futures    2,68,118.00     17,812.15    2,65,031.00     17,878.31  15,84,056.00  1,06,282.21      (66.16)
Stock Options       94,738.00       6,925.36       91,899.00       6,726.10       93,795.00       6,493.48     199.26
Total  73,44,898.00  4,99,370.89  73,09,028.00  4,96,725.40  26,18,929.00  1,91,055.82  2,645.49
Corporate News
The Assam government has requested the Centre to divest its stake in Bharat Petroleum Corporation Ltd in favour of Numaligarh Refinery Ltd (NRL) to Oil India Ltd (OIL). (BL).
RPG Group Company KEC International has bagged new orders of Rs.1,255 crore across its Transmission & Distribution, railways, civil and cables business. (ET).
Godrej Appliances has decided to foray into the air-cooler segment, in line with its strategy to expand its cooling product portfolio and deepen the brands’ penetration in smaller towns and rural region. The company is eyeing a market share of 15 per cent in this category in the next five years. (BS).
JSW Steel on Thursday announced its plan to raise up to Rs 1,000 crore through issuance of non-convertible debentures. The proceeds will be used to meet long-term working capital requirements, refinance existing debt, general corporate purpose and ongoing capital expenditure, the Sajjan Jindal-led company said in a filing to Bombay Stock Exchange (BSE). (ET).
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. (BL).
Quarterly Earnings
Broadcast news network Zee Media Corporation on Thursday reported a consolidated net loss of Rs 181.87 crore in the third quarter ended December 2019. The company had posted a consolidated net profit of Rs 27.2 crore in the corresponding period of the previous financial year, Zee Media Corporation said in a regulatory filing. Its total income from operations stood at Rs 155.91 crore in the quarter under review as against Rs 194.22 crore in the year-ago period, it added. (BL).
Financial services company Cholamandalam Investment and Finance on Thursday reported a 28 per cent jump in net profit at Rs 389 crore for the quarter ended December 31. The company had reported a profit after tax of Rs 304 crore in the year-ago period. Total income of the company rose to Rs 2,274.90 crore from Rs 1,826.23 crore in the same period a year ago. (ET).
Leading depository CDSL on Thursday reported a 24 per cent fall in net profit to Rs 21.61 crore in three months ended December 2019. In comparison, the depository had posted a net profit of Rs 28.46 crore in the year-ago period, Central Depository Services Ltd (CDSL) said in a statement. The company's total income rose 10 per cent to Rs 68.49 crore for the third quarter ended December 31, 2019, from Rs 62.54 crore in the October-December quarter of the previous financial year. (ET).
Biocon reported a near 7% decline in net profit to Rs 203 crore in the October-December quarter on the back of higher research and development (R&D) expenses and tax impact of an exceptional item. The Bengaluru-headquartered biotech company’s revenue grew 14% to
Rs 1784 crore during the period fuelled by Biologics, Small Molecules and Research Services businesses. Biocon’s net profit before exceptional item at Rs 225 crore reported a 6% growth. It reported an operating margin (EBITDA) of 27%. (ET).
Multiplex operator PVR Ltd on Thursday reported a consolidated net profit after tax at Rs 36.26 crore in the third quarter ended December 2019. The company had posted a consolidated net profit of Rs 55.22 crore in the same quarter last fiscal, PVR said in a regulatory filing. Revenue from operations during the period under review stood at Rs 915.74 crore as against Rs 843.11 crore in the corresponding quarter a year ago, it added. (ET).
Nippon Life India Asset Management on Thursday reported a 36 per cent jump in profit after tax (PAT) at Rs 149 crore for the third quarter ended December 31, 2019. The company had posted a PAT of Rs 109.62 crore in the year-ago period. The company's total income dropped to Rs 360.64 crore during the October-December quarter of the current financial year from Rs 403.97 crore in the same period last fiscal. (ET).
State-owned Oriental Bank of Commerce (OBC) on Thursday reported a 39.11 per cent jump in net profit at Rs 201.66 crore for the quarter ended December 2019. The bank, which is going to be merged with another state-run lender Punjab National Bank, had reported a profit of Rs 144.96 crore in October-December quarter a year ago. The bank's total income during December quarter stood at Rs 5,642.61 crore as compared with Rs 5,127.98 crore a year ago, it said in a regulatory filing. Income from interest stood at Rs 4,659.93 crore as against Rs 4,561.12 crore during October-December quarter of previous fiscal. In absolute terms, net NPAs stood at Rs 9,507.53 crore, down from Rs 9,972.61 in the corresponding period during the last financial year. (BL).
State-owned Canara Bank on Thursday reported a 3.8 per cent rise in its net profit to Rs 329.62 crore in the third quarter of the current financial year, mainly due to a decline in proportion of bad loans. The bank's profit was Rs 317.52 crore during the December 2018 quarter. Its total income stood at Rs 14,001.63 crore during the quarter ended December 2019, up from Rs 13,513.35 crore in the year-ago period, Canara Bank said in a stock exchange filing. (BL).
Media house DB Corp on Thursday reported 7.9 per cent increase in consolidated net profit at Rs 81.63 crore in the third quarter ended December 2019. The company had posted a consolidated net profit of Rs 75.63 crore in the same quarter a year ago, DB Corp said in a regulatory filing. Revenue from operations during the quarter under consideration stood at Rs 598.75 crore as against Rs 659.7 crore in the same quarter previous fiscal, it added. (ET).
Debt-ridden housing finance firm DHFL on Thursday has reported a consolidated net loss of Rs 6,640.62 crore for the quarter ended September 30, 2019. It had posted consolidated net profit of Rs 439.51 crore in the year-ago period, Dewan Housing Finance Corporation (DHFL) said in a filing to BSE. The consolidated total revenue from operations of DHFL in July-September period dropped to Rs 2,106.71 crore over Rs 3,483.32 crore in the year-ago period. (ET).
Economy and Sector News
Morris Garages (MG) Motor India on Thursday launched its first electric vehicle ZS priced between Rs.20.88 lakh and Rs.23.58 lakh (ex-showroom in select five cities). Interestingly the company has got the maximum number of bookings from the Silicon Valley of India, Bengaluru (more than 600) followed by City of Nizams, Hyderabad, amongst the five cities it will begin to sell in. (BL).
Digital advertising in 2019 witnessed a 26% increase over 2018 to reach Rs 13,683 crore, even as overall advertising witnessed a sober 9.4% growth, as per the latest report by the Dentsu Aegis Network. The report pointed out that digital continues to grow and will grow at 27% in the current year to reach Rs 17,377 crore by the end of 2020 and cross Rs 50,000 crore mark by the end of 2025, growing at a CAGR of 27.4%. (ET).
The Reserve Bank of India on Thursday revised the investment limit under the Voluntary Retention Route (VRR) for investments by foreign portfolio investors (FPIs) to Rs 1,50,000 crore from Rs 75,000 crore earlier, and the revised scheme will be open for allotment from Friday. (BL).
The demand for domestic two-wheelers is likely to remain weak in the near-term on the back of the implementation of BS-VI norms, which is expected to further force a 10-12 per cent increase in ownership cost across segments, according to credit rating agency ICRA. (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 turned in a mixed performance on Thursday as the spread of the Chinese coronavirus continued to dampen the mood in global capital markets. The Dow Jones Index closed at 29,160, down 26.18 points by 0.09%. The Standard & Poors 500 index closed at 3,326, up 3.79 points by 0.11%. The Nasdaq Composite Index closed at 9,402, up 18.71 points by 0.20%.

FTSE 100

UK markets closed lower on Thursday, with miners under pressure amid renewed concerns about the spread of the coronavirus, as it emerged four people in Scotland were being tested after showing symptoms. The FTSE 100 index closed at 7,508, down 64.25 points by 0.85%.

Global Indices
23/01/2019 Clsg Chg%
Dow Jones 29,160 -0.09
NASDAQ 9,402 +0.20
FTSE 100 7,508 -0.85
Bovespa 119,528 +0.96
24/01/2020 Latest
(4:51AM IST)
Nikkei 23,795 -0.98
Hang Seng 27,909 -1.52


Asian share markets started trading early in the morning on Friday on a negative note as the investors will be closely watching the US markets. Nikkei is currently trading at 23,795, down 235.91 points by 0.98%.

Precious Metals

Gold futures marked their highest settlement in over two weeks on Thursday, as the spread of the coronavirus in Asia fed risk-off sentiment among traders, pressuring global stock markets and U.S. bond yields, and boosting haven demand for the precious metal.

Base Metals

LME three-month copper fell to its lowest price since December 5 on Thursday January 23, dipping below the $6,000-per-tonne support level at the close amid strong turnover, while tin led the complex in terms of losses.

Crude Oil

Oil futures tumbled for a third session in a row on Thursday, with U.S. benchmark prices logging their lowest finish since late November, on fears that economic growth and oil demand may be hit by the spread of the coronavirus outbreak in China.


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