Morning Notes
29th Jan, 2020

Trading Range:

Nifty opened gap up at 12148 on Tuesday and made a high and low of 12164 and 12024 respectively before closing negative at 12056.


For the day, support for Nifty exists at 11980 and 11920 levels whereas resistance for Nifty stands at 12120 and 12180 levels.


Bank Nifty opened gap up at 30922, made a high of 31048, low of 30656, and closed negative at 30761. For the day, support for Bank Nifty exists at 30500 and 30300 levels whereas resistance for Bank Nifty stands at 30900 and 31100 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 40,967 -0.46
Nifty 12,056 -0.52
BSE 200 5,092 -0.48
BSE Midcap 15,678 -0.52
BSE Smallcap 14,822 -0.19
Dow Jones 28,723 +0.66
NASDAQ 9,270 +1.43


NIFTY 12055.80 (-63.20) (-0.52%)
NIFTY JAN FUTURE 12068 (12.20 Points Premium)
NIFTY PCR - OI 1.00 (-0.11)
NIFTY OPEN INTEREST 1.54 Cr. (+0.54%)
INDIA VIX 17.19 (+0.71%)


CALL 12100 CE +21.35 lac Shares
CALL 12150 CE +7.78 lac Shares
PUT 12200 PE -6.75 lac Shares
PUT 12000 PE -5.70 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,319 -1.18
Bankex 35,161 -0.25
PSU 6,715 -0.46
Healthcare 14,276 -0.24
IT 16,174 +0.20
Market Turn Over (`cr)
Index 28/01 27/01
BSE Cash 2,384 1,762
NSE Cash 38,821 34,059
NSE F&O 1,565,782 1,168,352
BSE Delivery % 54.33 55.56
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 29.70 68.32
BSE 200 29.35 69.65
BSE 500 33.13 66.47
Total BSE 35.62 58.02
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 53.75 +0.27
Gold Rs./ 10 Gms 40,242.00 -0.85
Silver Rs./ Kg 45474.00 -3.26
Rs.- US $ 71.26 -0.29
Rs.- Euro 78.55 -0.25
FII (Rs cr )
28/01* 27/01*
FIIs -174.25 +595.42
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       73,898.00       5,903.00       81,714.00       6,443.79    2,37,221.00     19,449.95     (540.79)
Index Options  42,01,918.00  2,95,135.45  42,09,219.00  2,95,684.56    8,28,825.00     67,572.02     (549.11)
Stock Futures    6,34,302.00     43,020.82    6,51,494.00     44,032.23  15,92,795.00  1,06,127.32  (1,011.41)
Stock Options       92,176.00       6,756.62       91,400.00       6,702.65       82,124.00       5,504.59        53.97
Total  50,02,294.00  3,50,815.89  50,33,827.00  3,52,863.23  27,40,965.00  1,98,653.88  (2,047.34)
Corporate News
Furniture maker Godrej Interio has entered the e-commerce space through a website designed by Bangalore-based design company Redd Experience Design. (BL).
Tata Motors on Tuesday launched its first electric car, Nexon EV, using Ziptron — the company’s new electric vehicle technology platform — at an introductory price starting from Rs.13,99,000 (ex-showroom) to Rs.15,99,000. (ET).
Elevators and escalators major Johnson Lifts is on a consolidation mode as it seeks to expand into Tier III towns and rural parts of the country. (BS).
Bajaj Auto Limited has launched a range of BS6 compliant motorcycles, starting with CT and Platina. (ET).
Drug firm Alembic Pharmaceuticals on Tuesday said it has received a final nod from the US health regulator for Azithromycin tablets, used for the treatment of infections. (BL).
Homegrown pharma major Cipla on Tuesday said it has received a report from the US health regulator indicating closure of the inspection at its US Invagen manufacturing facility. (BL).
Bharti Airtel’s $3 billion (`21,240 crore) fundraising exercise has eliminated concerns over viability as it’s now better equipped to pay statutory dues. (ET).
Quarterly Earnings
Central Bank of India on Tuesday reported a standalone net profit of Rs 155 crore for December quarter 2019-20 helped by better recoveries, higher income and cost reduction. The lender, which is under the Reserve Bank's prompt corrective action (PCA) framework, had reported a net loss of Rs 718 crore for the year-ago period. On consolidated basis, the bank reported a profit of Rs 164.28 crore for December quarter. It had posted a net loss of Rs 681.16 crore for the year-ago period. (BL).
Mahindra & Mahindra Financial Services Ltd on Tuesday reported 16 per cent rise in its consolidated net profit to Rs 475 crore in the third quarter ended December 31. The company had posted a net profit of Rs 409 crore in the similar quarter previous fiscal. The consolidated income of the company was up 14 per cent at Rs 3,081 crore in the October-December quarter of 2019-20 compared to Rs 2,705 crore in a year ago, it said in a release. (ET).
IT firm Mastek on Tuesday said it has posted a 1.9 per cent decline in net profit to Rs 26 crore in December 2019 quarter. The company had registered a net profit of Rs 26.5 crore in the year-ago period, Mastek said in a statement. Its total income fell 6.6 per cent to Rs 253.2 crore in the quarter under review as compared to Rs 271 crore in the October-December 2018 quarter, it added. (ET).
Infibeam Avenues on Tuesday said its consolidated net profit stood at Rs 25.9 crore in the December 2019 quarter. The company had reported a net profit of Rs 30.9 crore in the year-ago period, Infibeam Avenues said in a regulatory filing. Its income from operations stood at Rs 158.3 crore in the quarter under review as compared with Rs 319.1 crore in corresponding period of 2018-19, it added. (ET).
Auto major Maruti Suzuki on Tuesday reported 5.07 per cent year-on-year rise in profit at Rs 1,564.80 crore for the December quarter compared with Rs 1,489.30 crore in the same quarter last year. (ET).
Auto component manufacturer Wabco India on Tuesday reported 35.3 per cent slump in net profit at Rs 38.6 crore for the quarter ended December 2019. The company had posted net profit (after tax) of Rs 59.7 crore in the year-ago period, Wabco India said in a filing to BSE. The company had posted net profit (after tax) of Rs 59.7 crore in the year-ago period, Wabco India said in a filing to BSE. (ET).
Economy and Sector News
Electric scooter start-up Ather Energy, which launched an advanced scooter Ather 450X, plans to raise fresh funds for its next project later this year. The Ather 450X has advanced 4G connectivity and higher mileage. It comes with a subscription offer for those who want to buy the scooter for ₹99,000. Without the subscription offer, the ex-showroom price is ₹1.49 lakh. (BL).
Honda Motorcycle and Scooter India (HMSI) on Tuesday said it has achieved a milestone of exporting 25 lakh units to the world from India. The company achieved this mark in its 19th year of operations. Honda 2Wheelers India started exports from India in 2001 with its debut model Activa. In 2015, Honda’s cumulative exports crossed the 10-lakh mark in its 15th year of operations. (ET).
Indian food-tech industry is expected to touch the $8-billion mark in the next two years, clocking a CAGR of 25-30 per cent, according to a report by Google and Boston Consulting Group (BCG). The food tech space has in fact emerged as the fastest growing e-commerce segment in terms of reach and engagement, thanks to the rapid advancement in internet adoption and continued investments on consumer trials and delivery satisfaction. (BL).
India’s crude steel output increased marginally by 1.8 per cent to 111.2 million tonnes (MT) in 2019, according to World Steel Association. The country’s crude steel production was at 109.3 MT in 2018, the global body said in its latest report. India’s crude steel production for 2019 was 111.2 MT, up 1.8 per cent on 2018, it said, adding that the global crude steel production was at 1,869.9 MT in 2019, up by 3.4 per cent compared to 2018. (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 climbed the most since October on Tuesday on speculation that efforts to contain the coronavirus will prevent a major economic fallout. The Dow Jones Index closed at 28,723, up 187.05 points by 0.66%. The Standard & Poors 500 index closed at 3,276, up 32.61 points by 1.01%. The Nasdaq Composite Index closed at 9,270, up 130.37 points by 1.43%.

FTSE 100

UK markets had bounced back into the green by the close on Tuesday, even as concern about the spread of the Wuhan coronavirus continued to top the bulletins. The FTSE 100 index closed at 7,481, down 68.64 points by 0.93%.

Global Indices
28/01/2019 Clsg Chg%
Dow Jones 28,723 +0.66
NASDAQ 9,270 +1.43
FTSE 100 7,481 +0.93
Bovespa 116,479 +1.74
29/01/2020 Latest
(6:58AM IST)
Nikkei 23,233 +0.07
Hang Seng 27,949 +0.15


Asian shares rose on Wednesday as better-than-expected Apple Inc earnings drove some regional tech gains although broader confidence was capped by worries about the economic impact of China’s virus outbreak. Nikkei is currently trading at 23,233, up 17.37 points by 0.07%.

Precious Metals

Gold futures ended with a loss on Tuesday, as investor worries over the spread of China’s coronavirus abated somewhat and prices consolidated, a day after prices rose to a more than six-year high.

Base Metals

The London Metal Exchange three-month nickel price hit a seven-month low at $12,550 per tonne on Tuesday January 28, precipitated by risk-off selling while the uncertainty in Asian markets mounts due to China’s growing coronavirus epidemic.

Crude Oil

The London Metal Exchange three-month nickel price hit a seven-month low at $12,550 per tonne on Wednesday January 28, precipitated by risk-off selling while the uncertainty in Asian markets mounts due to China’s growing coronavirus epidemic.


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