Morning Notes
26th Feb, 2020
 

Trading Range:

Nifty opened gap up at 11877 on Tuesday and made a high and low of 11883 and 11780 respectively before closing negative at 11798.

Review/Outlook:

For the day, support for Nifty exists at 11750 and 11680 levels whereas resistance for Nifty stands at 11880 and 11930 levels.

Review/Outlook:

Bank Nifty opened a gap up at 30517, made a high of 30611, low of 30330, and closed negative at 30433. 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 40,281 -0.20
Nifty 11,798 -0.27
BSE 200 4,973 -0.34
BSE Midcap 15,376 -0.44
BSE Smallcap 14,448 -0.45
Dow Jones 27,081 -3.15
NASDAQ 8,966 -2.77
 

DERIVATIVES INDICATORS FOR FEB 26, 2020:

NIFTY 11797.90 (-31.50) (-0.27%)
NIFTY FEB FUTURE 11827.55 (18.65 Points Premium)
NIFTY PCR - OI 1.06 (-0.04)
NIFTY OPEN INTEREST 1.62 Cr. (-2.30%)
INDIA VIX 16.89 (-0.59%)
NIFTY ROLLOVER 48%

NIFTY OPTIONS ACTIVITY (27-FEB SERIES)

CALL 11900 CE +10.37 lac Shares
CALL 11800 CE +8.44 lac Shares
PUT 11800 PE +2.15 lac Shares
PUT 11650 PE +2.18 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 16,626 -0.89
Bankex 34,950 -0.02
PSU 6,295 -0.15
Healthcare 14,038 -1.18
IT 16,271 +0.58
 
Market Turn Over (`cr)
Index 25/02 24/02
BSE Cash 1,880 2,061
NSE Cash 36,892 39,153
NSE F&O 1,415,568 1,276,172
BSE Delivery % 44.99 48.07
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 39.60 59.41
BSE 200 35.32 63.68
BSE 500 34.33 65.07
Total BSE 35.51 57.95
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 50.03 +0.26
Gold Rs./ 10 Gms 42788.00 -1.82
Silver Rs./ Kg 47567.00 -3.72
Rs.- US $ 71.87 -0.28
Rs.- Euro 78.15 -0.09
FII (Rs cr )
25/02* 24/02*
FIIs -1735.67 +840.85
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       97,646.00       7,967.53       79,563.00       6,497.46    2,07,012.00     17,427.52   1,470.07
Index Options  37,51,346.00  2,65,296.68  37,64,129.00  2,66,603.60    7,12,040.00     59,701.36  (1,306.92)
Stock Futures    6,25,700.00     40,848.11    6,50,506.00     42,401.25  16,20,065.00  1,03,488.10  (1,553.14)
Stock Options       70,147.00       5,029.93       69,730.00       4,979.44       69,597.00       4,586.33        50.49
Total  45,44,839.00  3,19,142.25  45,63,928.00  3,20,481.75  26,08,714.00  1,85,203.31  (1,339.50)
Corporate News
Apollo Hospitals has launched Amazon Alexa Skill - Ask Apollo that enables its users to access over 5,000 super-specialty and multispecialty doctors spread across 72 Apollo Hospitals throughout the country and its pharmacy network using simple voice commands. (BL).
Adani Foundation has launched a unique CSR activity among Kerala’s coastal communities in association with Lifology.com, an international career accelerator for youth. The project aims to provide career-building opportunities to students from less developed coastal areas using the Lifology.com platform. (ET).
Havells India, a leading fast-moving electrical goods and consumer durables company, is betting big on smart innovation in its products and aspires to extend its smart and Internet of Things (IoT) enabled portfolio beyond fans and water heaters to other small domestic appliances too. (BS).
Tata Consumer Products Ltd (TCPL) is looking to introduce new products in the household segment in 12-18 months. (ET).
Navin Fluorine International Ltd, a manufacturer of fluorochemicals, has signed an Rs.2,900-crore ($410 million) contract to manufacture and supply of a high- performance product in fluorochemical family for a global company. (BL).
Air conditioning and commercial refrigeration major Blue Star Ltd on Tuesday outlined a three-pronged strategy for the next phase of growth and to improve market share from 12.5 per cent in FY19 to 15 per cent in the room AC market in the next four years. (ET).
Asian Paints informed in a press note that the board of directors of the company has approved payment of a second interim dividend of Rs7.15 per equity share of the face value of Rs1 each for the financial year ending March 31, 2020, based on the financial performance for the period ended December 31, 2019. (BS).
Navin Fluorine International Limited, one of the largest manufacturers of fluorochemicals, announced today that it has entered into a $ 410 million (Rs2900 Crores at current exchange rate) contract with a global company for manufacture and supply of a High Performance Product (‘HPP’) in the fluorochemicals space. The contract is for a period of 7 years and this product is not part of Navin Fluorine’s existing product portfolio. The capex and project will be executed through its wholly owned subsidiary, Navin Fluorine Advanced Sciences Limited. (BL).
Economy and Sector News
US oil supplies to India have jumped ten-fold to 2,50,000 barrels per day (bpd) in the last few years, visiting US Energy Secretary Dan Brouillette said on Tuesday. (BL).
India and the US on Tuesday closed defence deals worth $3 billion during the two-day visit of US President Donald J Trump, which included the sale of state-of-the-choppers — six AH-64E Apache Helicopters and 24 MH-60R Sea Hawk helicopters to India under the Foreign Military Sales program of the US government. (ET).
Around 12.67 lakh jobs were created in December 2019 against 14.59 lakh in the previous month, according to payroll data of the Employees' State Insurance Corporation (ESIC). Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19, the National Statistical Office (NSO) said in a report. (BL).
Sugar mills are yet to clear pending dues worth Rs.2,400 crore of the last two sugar seasons to cane growers, a senior Food Ministry official said on Tuesday. (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 rally is unraveling, with a period of historic gains coming to a screeching halt on Tuesday, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Index closed at 27,081, down 879.44 points by 3.15%. The Standard & Poors 500 index closed at 3,128, down 97.68 points by 3.03%. The Nasdaq Composite Index closed at 8,965, down 255.67 points by 2.77%.

FTSE 100

UK markets finished lower again on Tuesday, as investors continued to digest the latest developments around the spreading global outbreak of the Covid-19 strain of coronavirus. The FTSE 100 index closed at 7,018, down 138.95 points by 1.94%.

 
 
Global Indices
25/02/2019 Clsg Chg%
Dow Jones 27,081 -3.15
NASDAQ 8,966 -2.77
FTSE 100 7,018 -1.94
Bovespa 113,681 -0.79
26/02/2020 Latest
(6:37AM IST)
Chg%
Nikkei 22,239 -1.62
Hang Seng 26,480 -1.54

Nikkei

Asian shares fell on Wednesday as a U.S. warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows. Nikkei is currently trading at 22,239, down 366.01 points by 1.62%.

Precious Metals

Gold prices ended lower on Tuesday, giving back a big chunk of the previous session’s haven-inspired gains in a bout of apparent profit-taking.

Base Metals

The three-month zinc price on the London Metal Exchange was lower at the close of trading on Tuesday February 25, with the price edging down by 0.3% in a broadly positive trading afternoon, while lead futures topped the base-metals complex.

Crude Oil

Oil futures fell on Tuesday to mark their lowest finish in two weeks, as worries about the spread of COVID-19 outside China, and the impact on energy demand, sent prices down for a third straight session.

 
 
 

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