Morning Notes
27th Jan, 2020

Trading Range:

Nifty opened flat at 12175 on Friday and made a high and low of 12272 and 12150 respectively before closing positive at 12248.


For the day, support for Nifty exists at 12190 and 12150 levels whereas resistance for Nifty stands at 12310 and 12400 levels.


Bank Nifty opened gap up at 31040, made a high of 31375, low of 30879, and closed positive at 31242. For the day, support for Bank Nifty exists at 31000 and 30700 levels whereas resistance for Bank Nifty stands at 31500 and 31700 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,613 +0.55
Nifty 12,248 +0.56
BSE 200 5,163 +0.61
BSE Midcap 15,823 +0.77
BSE Smallcap 14,846 +0.50
Dow Jones 28,990 -0.58
NASDAQ 9,315 -0.93


NIFTY 12248.25 (+67.90) (+0.56%)
NIFTY JAN FUTURE 12271.60 (23.35 Points Premium)
NIFTY PCR - OI 1.42 (+0.11)
NIFTY OPEN INTEREST 1.48 Cr. (+0.50%)
INDIA VIX 15.56 (-1.86%)


CALL 12200 CE -6.46 lac Shares
CALL 12350 CE +3.04 lac Shares
PUT 12200 PE +10.60 lac Shares
PUT 12150 PE +6.21 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,566 +0.44
Bankex 35,668 +0.92
PSU 6,840 +0.34
Healthcare 14,109 +0.02
IT 16,234 +0.02
Market Turn Over (`cr)
Index 24/01 23/01
BSE Cash 2,070 2,465
NSE Cash 35,787 43,504
NSE F&O 966,740 3,445,385
BSE Delivery % 52.43 45.63
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 71.29 28.71
BSE 200 72.64 26.87
BSE 500 60.68 38.52
Total BSE 50.85 43.15
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 54.19 -2.52
Gold Rs./ 10 Gms 40352.00 +0.17
Silver Rs./ Kg 46935.00 +1.20
Rs.- US $ 71.32 -0.04
Rs.- Euro 78.66 -0.29
FII (Rs cr )
24/01* 23/01*
FIIs +1497.17 +28.75
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       44,702.00       3,466.89       51,843.00       4,047.80    2,18,923.00     18,510.88     (580.91)
Index Options  24,25,702.00  1,73,109.31  24,37,703.00  1,73,852.64    7,75,499.00     64,119.32     (743.33)
Stock Futures    2,42,688.00     16,634.86    2,41,499.00     16,609.33  15,91,549.00  1,07,480.60        25.53
Stock Options       93,605.00       6,853.82       93,630.00       6,884.12       92,130.00       6,399.76       (30.30)
Total  28,06,697.00  2,00,064.88  28,24,675.00  2,01,393.89  26,78,101.00  1,96,510.56  (1,329.01)
Corporate News
Tata Motors aims to establish itself as the leader in the electric vehicle (EV) market in the country, as it looks to roll out new products for both private and fleet segments, a senior company official said. (BL).
Force Motors, the market leader in inter-city commuter vans, has lined up ₹600 crore in new investment to develop two new models over the next two years. (ET).
State-run power giant NTPC is unlikely to conclude its about Rs.10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source. (BS).
Reliance Industries’ partnership with Saudi Aramco for its USD 75 billion oil-to-chemicals business signals expansion, rather than retreat, as growth opportunities are expected to boost the petrochemical and refining vertical, market analyst firm Bernstein said. (ET).
Siemens has signed an agreement to acquire New Delhi-based C&S Electric Ltd, a leading provider of electrical and electronic equipment, for Rs.2,100 crore. (BL).
Bengaluru-based consumer healthcare company Strides Consumer Private Ltd (SCPL) is looking to expand its product pipeline by moving into new categories such as cough, cold, allergies and gastrointestinal issues. (BS).
Leading two and three wheeler maker TVS Motor Company began its electric vehicle journey on Saturday with the launch of its new electric scooter IQUBE, which will carry an on road price of Rs.1,15,000. (ET).
Carmaker Maruti Suzuki India on Saturday launched Ciaz S, the sports variant of its premium mid-sized sedan Ciaz, priced at Rs 10.08 lakh (ex-showroom Delhi). The company also said it has introduced BS-VI compliant Ciaz priced between ₹8.31 lakh and ₹11.09 lakh. This will be its 11th offering complying with the stricter emission norm, ahead of its implementation from April 1. (BL).
Quarterly Earnings
ICICI Bank’s December quarter profit after tax (PAT) came in at Rs 4,146.50 crore which was its highest quarterly profit ever. The bank had reported Rs 665 crore profit for September quarter and Rs 1,604.91 crore profit for the same quarter last year. Gross NPAs for the lender stood at 5.95 per cent, which was lowest since the June quarter of 2016 while provisions and contingencies at Rs 2,083.20 crore were lowest since the September quarter of 2015. That said outstanding to borrowers rated BB or below jumped. Net interest income (NII) for the quarter rose 24 per cent YoY to Rs 8,545 crore against Rs 6,875 crore in the year-ago quarter. Non-interest income, excluding treasury income, stood at Rs 4,043 crore against Rs 3,404 crore YoY. Net interest margin (NIM) came in at 3.77 per cent against 3.64 per cent reported for September quarter and 3.40 per cent in the year-ago quarter. (BL).
Lower price realisation caused an 88% decline in the third quarter net profit at JSW Steel, with an extended run of annual monsoons also impacting key milestones at the maker of the primary infrastructure alloy. Consolidated net profit declined to Rs 187 crore, against Rs 1,603 crore during the same period last year. The company's crude steel production declined 5% YoY and stood at 4.02 mt for the December quarter as the extended monsoon affected operations at both Dolvi and Vijaynagar, said the company in a statement. Consolidated revenue from operations declined 11% YoY to Rs 18,055 crore. (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).
State-owned Bank of Baroda (BoB) slid into a surprise net loss in the third quarter due a rise in provisions after its own assessment of bad loans diverged from that by the banking regulator. The bank reported a loss of Rs 1,407 crore in December 2019 compared to a consolidated profit of Rs 436 crore in December 2018. Erstwhile Dena and Vijaya banks were merged into BoB effective April 2019 and profit last year has been consolidated to reflect the amalgamated entity. (ET).
State-owned lender Indian Bank posted a 62.3% rise in December quarter net profit to Rs 247 crore. The bank had posted a profit of Rs 152.2 crore in same period last year. Asset quality was stable for the quarter, with gross non-performing assets as a percentage of gross advances coming at 7.2% versus 7.46% same time a year ago. Net NPA dropped 90 basis points over last year to 3.5%. Provisions spiked sharply up 65.5% to Rs 1,529.2 crore for the quarter ended December 2019. It had set aside Rs 923 crore as provisions during the same period last year. Net interest income at Rs 1,955.18 crore increased by13.89% compared to the same period last year. Other income (non-interest income) shot up to Rs 1,038.6, up 133% on an annual basis. (ET).
UltraTech Cement, India’s largest producer of the commodity, reported a sharp growth in profit for the December quarter on reduced fuel and logistics costs even as its revenue for the period slipped marginally. The Aditya Birla Group company’s consolidated profit during the quarter surged 80% to Rs 711.9 crore while revenue came down to Rs 10,353.8 crore, according to a regulatory filing. Earnings before interest, tax, depreciation, and amortization (Ebitda) surged 23.7% to Rs 1,973 crore. Ebitda margin, meanwhile, improved by 3.8 percentage points to 19.1%. (ET).
Sonata Software’s net profit rose 18% in the third quarter of FY20 to Rs 75.9 crore, while revenue climbed 47% to Rs 1,236.90 crore over the corresponding period last year. The company’s international IT services business reported revenues of Rs 330 crore, up 6% sequentially, and profit of Rs 58 crore. The domestic business grew 129% sequentially, with revenue of Rs 912 crore and profit of Rs 18 crore. (BL).
Hospitality firm EIH, which runs hotels and resorts under Oberoi and Trident brands, on Friday reported a 5.76 per cent rise in consolidated net profit at Rs 102.56 crore for the quarter ended December 31, 2019. The company had posted a net profit of Rs 96.97 crore for the corresponding period of the previous fiscal, EIH Ltd said in a filing to the BSE. Consolidated total revenue of the company stood at Rs 534.13 crore for the quarter under consideration as against Rs 547.24 crore in December quarter a year ago. (BL).
Economy and Sector News
MG Motor India plans to increase the production of its SUV Hector by around 30 per cent after BS-VI emission norms come into effect from April 1, according to a senior company official. The company, which last week launched the ZS EV, is also set to review plans for a sub-₹10 lakh electric vehicle (EV) considering the robust response to its pure electric SUV. (BL).
Gold imports, which have a bearing on the current account deficit (CAD), fell 6.77 per cent to USD 23 billion during the April-December period of the current financial year, according to data from the commerce ministry. Imports of the yellow metal stood at USD 24.73 billion in the corresponding period of 2018-19. The decline in gold imports has helped in narrowing the country’s trade deficit to USD 118 billion during the period, against USD 148.23 billion a year ago. (ET).
India cannot achieve its aspirational goal of becoming a $5-trillion economy by 2024-25 unless it sustains a growth rate of about 9 per cent per annum, according to C Rangarajan, former Governor of the Reserve Bank of India. (BL).
The government is mulling a new investment law that will categorise nations into ‘most favoured’ and ‘not pro-India’ besides emphasising contract enforcement and fast-track dispute resolution. A new Bill is likely to be introduced in the Budget session of Parliament that is scheduled to begin on January 31. (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 closed lower on Friday after the World Health Organization branded the Wuhan coronavirus an "emergency in China" and the US saw its second reported case of the virus. The Dow Jones Index closed at 28,990, down 170.36 points by 0.58%. The Standard & Poors 500 index closed at 3,295, down 30.07 points by 0.90%. The Nasdaq Composite Index closed at 9,315, down 87.57 points by 0.93%.

FTSE 100

UK markets raced higher on Friday, boosted by better-than-expected services and manufacturing data, and as fears over the spread of a new coronavirus in China receded. The FTSE 100 index closed at 7,588, up 78.31 points by 1.04%.

Global Indices
24/01/2019 Clsg Chg%
Dow Jones 28,990 -0.58
NASDAQ 9,315 -0.93
FTSE 100 7,588 +1.04
Bovespa 118,376 -0.96
27/01/2020 Latest
(4:13AM IST)
Nikkei 23,827 +0.13
Hang Seng 27,950 +0.15


Asian share markets started trading early in the morning on Monday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 23,827, up 31.74 points by 0.13%.

Precious Metals

Gold prices on Friday finished higher for the day and week as a viral outbreak originating out of China continued to spread in Asia and other parts of the globe, sparking fears of an international outbreak of the deadly upper respiratory disease.

Base Metals

The three-month price of nickel on the London Metal Exchange was lower at the close of trading on Friday January 24, losing more than 3% and sinking below nearby support to close at its lowest level in six months, while tin futures also struggled over the afternoon.

Crude Oil

Oil futures ended sharply lower Friday on fears the spread of the coronavirus in China elsewhere will undercut demand for crude, which had seen prices already under pressure due to worries about a potential oversupply.


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