Morning Notes
30th Mar, 2020
 

Trading Range:

Nifty opened gap up at 8949 on Friday and made a high and low of 9039 and 8523 respectively before closing positive at 8660.

Review/Outlook:

For the day, support for Nifty exists at 8400 and 8000 levels whereas resistance for Nifty stands at 9000 and 9200 levels.

Review/Outlook:

Bank Nifty opened gap up at 20802, made a high of 21462, low of 19580, and closed positive at 19969. For the day, support for Bank Nifty exists at 19500 and 17900 levels whereas resistance for Bank Nifty stands at 20600 and 21500 levels.

Market Scan
Benchmark Indices
Index Clsg Chg%
Sensex 29,816 -0.44
Nifty 8,660 +0.22
BSE 200 3,614 -0.47
BSE Midcap 10,538 -0.29
BSE Smallcap 9,497 +0.28
Dow Jones 21,637 -4.06
NASDAQ 7,502 -3.79
 

DERIVATIVES INDICATORS FOR MAR 30, 2020:

NIFTY 8660.25 (+18.80) (+0.22%)
NIFTY APR FUTURE 8651.40 (8.85 Points Discount)
NIFTY PCR - OI 1.23 (-0.19)
NIFTY OPEN INTEREST 1.12 Cr. (-2.65%)
INDIA VIX 70.39 (-1.60%)
NIFTY ROLLOVER 15%

NIFTY OPTIONS ACTIVITY (30-APR SERIES)

CALL 8700 CE +0.17 lac Shares
CALL 9000 CE +0.51 lac Shares
PUT 8500 PE +0.72 lac Shares
PUT 8700 PE +0.57 lac Shares
Sectoral Indices (BSE)
Index Clsg Chg%
Auto 11,224 -2.35
Bankex 22,966 +0.96
PSU 4,296 +0.95
Healthcare 11,629 +0.18
IT 12,791 +0.19
 
Market Turn Over (`cr)
Index 27/03 26/03
BSE Cash 14,341 6,672
NSE Cash 47,056 48,647
NSE F&O 429,040 1,446,506
BSE Delivery % 70.93 57.99
Advances / Decines BSE Cash
Adv(%) Dec(%)
BSE 100 39.60 58.42
BSE 200 38.31 60.20
BSE 500 48.90 50.50
Total BSE 45.67 47.20
 
Commodities, Forex & Debt
Clsg Chg%
Crude Oil NYMEX $ bl 20.70 -3.77
Gold Rs./ 10 Gms 43571.00 +0.07
Silver Rs./ Kg 40894.00 -1.04
Rs.- US $ 75.47 +0.27
Rs.- Euro 83.81 +0.87
FII (Rs cr )
27/03* 26/03*
FIIs +10.98 -3788.54
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    1,12,728.00    6,388.06    1,15,227.00    6,417.25    1,15,099.00    6,937.31   (29.19)
Index Options    9,96,955.00  57,022.16    9,93,629.00  56,685.71    4,49,598.00  28,355.41  336.45
Stock Futures    3,03,978.00  13,601.94    2,95,251.00  13,119.62  13,03,887.00  60,608.72  482.32
Stock Options       10,945.00       596.24       10,683.00       584.27       11,883.00       553.47    11.97
Total  14,24,606.00  77,608.40  14,14,790.00  76,806.85  18,80,467.00  96,454.91  801.55
Corporate News
Mahindra & Mahindra will manufacture a face shield designed by Ford for medical service providers to help in combating coronavirus pandemic, according to company Managing Director Pawan Goenka. The company is targeting to make 500 pieces on Monday and ramp up the capacity. (BL).
Maruti Suzuki India (MSI) on Saturday said it will work with AgVa Healthcare to help it rapidly scale up production of ventilators in the country in wake of coronavirus pandemic. In more news, at the request of the government, Maruti Suzuki India (MSIL) has examined its ability to assist in the production of ventilators, masks and other protective equipment, the company said on Saturday. (ET).
Abbott Laboratories is unveiling a coronavirus test that can tell if someone is infected in as little as 5 minutes, and is so small and portable, it can be used in almost any health-care setting. (BL).
The country’s largest two-wheeler manufacturer Hero MotoCorp said it’s invoking force majeure to suspend full payments to vendors, since it has “no visibility of receivables,” with sales having come to a standstill because of the Covid-19 lockdown. (ET).
JSW Group has committed over Rs.100 crore in support of all on-going relief efforts of the Central and State governments towards fighting the Covid-19 crisis. (BL).
Adjaristsqali Georgia LLC (AGL), a joint venture between Tata Power, Norway’s Clean Energy Invest (CEI) and International Finance Corporation (IFC), has started commercial operation of the 178 MW Shuakhevi Hydro Power Project located in southwest Georgia. Tata Power holds 40 per cent stake in the joint venture. In more news, Tata Motors Ltd will spin off its passenger vehicle business, which includes electric vehicles, into a separate subsidiary. Tata Motors Ltd (TML) board has in-principle approved to subsidiaries TML's PV business (Including EV) by transferring relevant assets, IPs and employees directly relatable to the PV business for it to be fully functional on a standalone basis through a slump sale. (BL).
FMCG major ITC Ltd has set up a Covid-19 contingency fund of Rs.150 crore for helping the vulnerable sections of the society. This fund will be utilised to provide relief to the vulnerable and most needy sections of society who have been harshly impacted by the pandemic. (BS).
Economy and Sector News
Tata Trusts, which together hold 66 per cent stake in Tata Sons, has pledged Rs 500 crore to fight against the outbreak of the Novel Coronavirus (COVID-19). The amount would be used to purchase personal protective equipment for the medical personnel on the frontlines, respiratory systems for treating increasing cases, purchase of testing kits, setting up modular treatment facilities for infected patients and for knowledge management and training of health workers and the general public. (BL).
Power producers' total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January 2020 over the same month previous year, reflecting stress in the sector. Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms. (ET).
Peak power demand in the country dipped over 28 per cent to 117.76 gigawatts (GW) on Saturday as compared to 163.72 GW on March 20, showing the impact of nationwide lockdown amid COVID-19 outbreak. National Load Dispatch Centre data showed that in actual terms, the peak power demand met has come down by about 46 GW since March 20, which would further aggravate the ailing electricity generators whose outstanding dues stand Rs 88,311 crore as of January this year. (BL).
RBI announced a repo rate cut of 75 basis points. Investors also awaited for India's Foreign exchange reserve (March) data to be released. (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 finished lower at the end of the week on Friday even after the US House of Representative voted in favour of an approximately $2.0trn economic relief package following a late bout of selling. The Dow Jones Index closed at 21,636, down 915.39 points by 4.06%. The Standard & Poors 500 index closed at 2,541 down 88.60 points by 3.37%. The Nasdaq Composite Index closed at 7,502, down 295.16 points by 3.79%.

FTSE 0100

UK markets remained in the red by the close on Friday after three days of gains, with concerns about the impact of the coronavirus pandemic continuing to mount after the US overtook China for the most confirmed cases. The FTSE 100 index closed at 5,511, down 305.40 points by 5.25%.

 
 
Global Indices
27/03/2020 Clsg Chg%
Dow Jones 21,636 -4.06
NASDAQ 7,502 -3.79
FTSE 100 5,511 -5.25
Bovespa 73,429 -5.51
30/03/2020 Latest
(6:30AM IST)
Chg%
Nikkei 18,688 -3.62
Hang Seng 23,484 +0.56

Nikkei

Asian share markets looked set for a rocky start on Monday as U.S. stock futures took an early spill amid fears the global shutdown for the coronavirus could last for months, doing untold harm to economies. Nikkei is currently trading at 18,688, down 701.65 points by 3.62%.

Precious Metals

The retreat in the dollar proved a fillip for gold on Monday, which was up 0.4% on Monday at $1,625.18 an ounce.

Base Metals

The three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots.

Crude Oil

Crude oil benchmarks dropped on Monday, extending last week’s losses as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating.

 
 
 

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