Morning Notes
30th Jan, 2020

Trading Range:

Nifty opened gap up at 12115 on Wednesday and made a high and low of 12170 and 12104 respectively before closing positive at 12130.


For the day, support for Nifty exists at 12070 and 12010 levels whereas resistance for Nifty stands at 12190 and 12260 levels.


Bank Nifty opened gap up at 30915, made a high of 31083, low of 30836, and closed positive at 30877. For the day, support for Bank Nifty exists at 30700 and 30500 levels whereas resistance for Bank Nifty stands at 31100 and 31300 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 41,199 +0.57
Nifty 12,130 +0.61
BSE 200 5,120 +0.58
BSE Midcap 15,754 +0.49
BSE Smallcap 14,841 +0.12
Dow Jones 28,734 +0.04
NASDAQ 9,275 +0.06


NIFTY 12129.50 (+73.70) (+0.61%)
NIFTY JAN FUTURE 12121.55 (-7.95 Points Discount)
NIFTY PCR - OI 1.13 (+0.13)
NIFTY OPEN INTEREST 1.50 Cr. (-2.29%)
INDIA VIX 16.49 (-4.62%)


CALL 12100 CE -17.65 lac Shares
CALL 12200 CE -5.46 lac Shares
PUT 12100 PE +7.76 lac Shares
PUT 12150 PE +7.67 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 18,463 +0.78
Bankex 35,264 +0.29
PSU 6,753 +0.55
Healthcare 14,290 +0.10
IT 16,233 +0.37
Market Turn Over (`cr)
Index 29/01 28/01
BSE Cash 2,229 2,384
NSE Cash 38,134 38,821
NSE F&O 1,736,105 1,565,782
BSE Delivery % 47.51 54.33
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 72.28 26.73
BSE 200 64.18 33.33
BSE 500 57.09 41.52
Total BSE 47.33 46.51
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 53.07 -0.49
Gold Rs./ 10 Gms 40,350.00 +0.27
Silver Rs./ Kg 45551.00 +0.17
Rs.- US $ 71.38 +0.17
Rs.- Euro 78.63 +0.10
FII (Rs cr )
29/01* 28/01*
FIIs -785.91 -174.25
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       90,588.00       7,416.84       85,485.00       6,976.53    2,41,700.00     19,800.48   440.31
Index Options  43,10,750.00  3,03,554.78  43,17,920.00  3,03,980.27    8,57,603.00     70,215.39  (425.49)
Stock Futures    6,09,767.00     41,079.37    5,98,931.00     40,188.51  16,13,017.00  1,07,734.19   890.86
Stock Options       46,648.00       3,479.07       46,328.00       3,457.22       68,682.00       4,584.48     21.85
Total  50,57,753.00  3,55,530.06  50,48,664.00  3,54,602.53  27,81,002.00  2,02,334.54   927.53
Corporate News
NTPC will be the Project Management Consultant (PMC) for the development of about 300 MW solar power projects in Togo. An official statement said that a letter of engagement for the same was handed here on Tuesday by Togo government’s representatives to NTPC. (BL).
IndiGrid Infrastrucutre Investment Trust (InvIT) Board has approved the acquisition of East North Interconnection Company Limited (ENICL) for Rs.1,020 crore. (ET).
The Sajjan Jindal-led JSW Infrastructure Ltd has signed a concession agreement with New Mangalore Port Trust (NMPT) to develop and operate its first container terminal project at a major (Central government-owned) port. (BS).
The US Food and Drug Administration (USFDA) has issued five observations on the Active Pharmaceutical Ingredients (APIs) plant of Dr Reddy’s Laboratories Ltd, located at Srikakulam, Andhra Pradesh. (ET).
Maruti Suzuki India (MSIL) on Wednesday said it will display a bouquet of new products and technologies at the upcoming Auto Expo - The Motor Show 2020. (BL).
Right in the middle of a sea of green, dotted with trees and horticulture crops cultivated by Reliance Industries Ltd, lay the shades of concrete grey, or better yet, concrete green. (BL).
Regulator Irdai has imposed a penalty of Rs 1 crore each on ICICI Lombard GIC and Tata AIG General Insurance Company for violation of various norms. The regulator has slapped the penalty on ICICI Lombard for violation of certain provisions related to health insurance policies. Irdai has also issued certain directions and advisory to the company. (ET).
Private sector lender Yes Bank said on Wednesday that India Ratings and Research (Ind-Ra) has maintained its long-term issuer rating of A on rating watch negative (RWN) and withdrawn its short-term issuer rating of A1. Ind-Ra continues to await developments on Yes Bank's equity raising which in the agency's opinion is critical for providing sufficient cushion to the possible credit cost impact from the stressed asset pool on regulatory capital requirement in the short- and medium-term. (BL).
Ashoka Buildcon said in the press note that Ashoka Bettadahalli Shivamogga Road Private Limited has executed a concession agreement with National Highways Authority of India (NHAI) for the project on Hybrid Annuity Mode under Bharatmala in Karnataka.. (ET).
Quarterly Earnings
FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 5.11 per cent increase in consolidated net profit at Rs 445.20 crore in the third quarter ended December, helped by volume growth in domestic business. The company had posted a net profit of Rs 423.52 crore in October-December quarter a year ago, GCPL said in a BSE filing. The company had posted a net profit of Rs 423.52 crore in October-December quarter a year ago, GCPL said in a BSE filing. (BL).
Coffee Day Enterprises on Wednesday reported unaudited management compiled consolidated net loss of Rs 190.02 crore for the second quarter ended September 2019. The company, which runs the Cafe Coffee Day chain, had a consolidated net profit of Rs 23.83 crore in the year-ago period. Consolidated revenue from operations during the second quarter stood at Rs 843.16 crore as compared to Rs 979.73 crore in the same period last fiscal, it said. (ET).
IDFC First Bank on Wednesday reported a net loss of Rs 1,639 crore for the third quarter ended December 31. The bank, which came into existence recently after the merger of IDFC Bank and Capital First, had reported a net loss of Rs 2,504 crore for October-December period of 2018-19. Total income for the quarter was up 50 per cent to Rs 2,113 crore as compared with same period of previous fiscal, the bank said. (ET).
Birla Corporation on Wednesday reported a 200 % year-on-year jump in net profit to Rs 81 crore in the third-quarter (Q3) ended December 31, 2019. The growth in net profit follows a 10.65 % rise in total income to Rs 1,735 crore in the said quarter over Rs 1,568 crore topline in the corresponding period a year ago. This was achieved despite muted growth in sales by volume and realization. While total sales by volume for the December quarter grew 7% year-on-year to 3.43 million tons, realization per ton grew 3.49% to Rs 4,712, the company said in a statement issued after the board meeting. (ET).
Farm equipment and engineering products maker Escorts on Wednesday reported a 9.27 per cent increase in its net profit to Rs 153.1 crore for the third quarter ended December 31, 2019. The company had reported a net profit of Rs 140.1 crore for the same period of the previous financial year. Revenue from operations, however, declined to Rs 1,633.4 crore during the October-December quarter as against Rs 1,655.1 crore in the corresponding period last fiscal, Escorts Ltd said in a statement. (ET).
Economy and Sector News
Sami-Sabinsa Group, a health-science and nutraceuticals company, will commission its new manufacturing facility at the Pharma SEZ Industrial Area in Hassan (Karnataka). The plant, in Phase I, will house a 40,000 square metre active nutraceutical ingredients (ANI) manufacturing unit with an annual capacity of 300 tonnes and will be functional by 2021. The facility, with a planned investment of Rs.200 crore, is part of the Sami-Sabinsa Group’s growth strategy. In more news, The Indian Venture Capital market was “quite strong” in the fourth quarter of 2019, ending the year on a high note with many large mega deals, according to a study by KPMG. The mega-deals included a $1-billion funding round by PayTM and a $500-million round by business productivity company Udaan. Besides, online pharmacy company PharmEasy raised $220 million, while home furnishings company Urban Ladder raised $148 million. (BL).
India and the US are likely to discuss and finalise a mega trade deal amounting to $10 billion in February during United States Trade Representative (USTR) Robert Lighthizer’s visit to New Delhi, according to media reports on Wedesday. In more news, wind energy capacity addition will be subdued in FY2020 amid challenges with payment delays from discoms and tight financing environment. Rating agency ICRA in its outlook for the wind energy sector has revised it from stable to negative. (ET).
Bucking recessionary trends, pharmaceutical exports registered highest-ever growth in the third quarter ended December 31, 2019. In monetary terms, exports stood at $5,338.26 million in the December 2019 as against $4,657 million in the same quarter last year. The first and second quarters of the current financial year growth was at 11.29 per cent and 8.69 per cent respectively. The total exports for the nine months grew 11.40 per cent at $15,547 million ($13,943 million). (BL).
Cargo traffic at India’s non-major ports jumped 4.8 per cent in April-December period of the current fiscal to 447.21 million tonnes (MT), a Shipping Ministry report has said. These non-major ports had recorded a cargo traffic of 426.53 MT in the April-December period of 2018-19. During the April-December 2019-20, Directorate of Ports at Odisha recorded highest growth in traffic at 64.2 per cent followed by Ports of Tamil Nadu Maritime Board (34.1 per cent), Directorate of Ports, Puducherry, 27.7 per cent) and Ports Management Board, Andaman & Nicobar Islands (25.4 per cent) against the corresponding period of the previous fiscal, as per the report. (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 saw a mixed finish Wednesday, with the Dow Jones Industrial Average and Nasdaq Composite eking out small gains, while the S&P 500 ended with a small loss after the Federal Reserve left rates on hold and signaled it wasn't prepared to make any near-term policy changes. The Dow Jones Index closed at 28,734, up 11.60 points by 0.04%. The Standard & Poors 500 index closed at 3,273, down 2.84 points by 0.09%. The Nasdaq Composite Index closed at 9,275, up 5.48 points by 0.06%.

FTSE 100

UK markets traded just a touch higher on Wednesday as investors eyed the latest policy announcement from the Federal Reserve, with sentiment underpinned by solid quarterly results overnight from US technology giant Apple even as traders did their best to shrug off concerns about the new China coronavirus. The FTSE 100 index closed at 7,483, up 2.88 points by 0.04%.

Global Indices
29/01/2019 Clsg Chg%
Dow Jones 28,734 +0.04
NASDAQ 9,275 +0.06
FTSE 100 7,483 +0.04
Bovespa 115,385 -0.94
30/01/2020 Latest
(6:15AM IST)
Nikkei 23,229 -0.64
Hang Seng 27,161 -2.82


Asian shares rose on Thursday 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 23,229, down 150.04 points by 0.64%.

Precious Metals

Gold futures finished with a modest gain on Wednesday, as traders weighed the spread of coronavirus cases and its potential impact on the global economy.

Base Metals

The three-month price of lead on the London Metal Exchange stood out as the most notable underperformer at the close of trading on Wednesday January 29, selling off more than 3% of its outright price to close at its lowest level since June 2019, while copper continued to struggle over the afternoon.

Crude Oil

Oil futures saw mixed trading on Wednesday, with U.S. prices down after government data revealed that domestic crude inventories posted a bigger-than-expected weekly climb—their largest since November.


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