| Morning Notes |
| 11th Mar, 2020 |
|
 |
| |
Trading Range:
Nifty opened gap down at 10742 on Monday and made a high and low of 10752 and 10294 respectively before closing negative at 10451.
Review/Outlook:
For the day, support for Nifty exists at 10200 and 10000 levels whereas resistance for Nifty stands at 10650 and 11000 levels.
Review/Outlook:
Bank Nifty opened a gap down at 27031, made a high of 27092, low of 25923, and closed negative at 26463. For the day, support for Bank Nifty exists at 25900 and 25500 levels whereas resistance for Bank Nifty stands at 27000 and 27500 levels. |
|
| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
35,635 |
-5.17 |
| Nifty |
10,451 |
-4.90 |
| BSE 200 |
4,411 |
-4.84 |
| BSE Midcap |
13,554 |
-4.73 |
| BSE Smallcap |
12,771 |
-4.20 |
| Dow Jones |
25,018 |
+4.89 |
| NASDAQ |
8,344 |
+4.95 |
|
|
| |
DERIVATIVES INDICATORS FOR MAR 11, 2020:
| NIFTY |
10451.45 (-538.00) (-4.90%) |
| NIFTY MAR FUTURE |
10462.35 (10.90 Points Premium) |
| NIFTY PCR - OI |
1.04 (-0.21) |
| NIFTY OPEN INTEREST |
1.98 Cr. (+0.15%) |
| INDIA VIX |
30.80 (+20.11%) |
| NIFTY ROLLOVER |
13% |
|
|
NIFTY OPTIONS ACTIVITY (26-MAR SERIES)
| CALL |
10500 CE +5.66 lac Shares |
| CALL |
10700 CE +4.45 lac Shares |
| PUT |
10500 PE -2.60 lac Shares |
| PUT |
10400 PE +2.63 lac Shares |
|
|
| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
14,963 |
-3.66 |
| Bankex |
30,384 |
-5.01 |
| PSU |
5,375 |
-4.89 |
| Healthcare |
13,505 |
-3.31 |
| IT |
14,554 |
-5.40 |
|
|
| Market Turn Over (`cr) |
| Index |
09/03 |
06/03 |
| BSE Cash |
2,659 |
2,913 |
| NSE Cash |
53,061 |
43,798 |
| NSE F&O |
1,170,647 |
844,568 |
| BSE Delivery % |
41.04 |
41.87 |
|
|
| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
3.08 |
96.92 |
| BSE 200 |
5.97 |
93.53 |
| BSE 500 |
6.19 |
93.61 |
| Total BSE |
12.00 |
81.87 |
|
|
| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
33.92 |
-1.28 |
| Gold Rs./ 10 Gms |
43740.00 |
-1.38 |
| Silver Rs./ Kg |
46122.00 |
-1.26 |
| Rs.- US $ |
74.21 |
-0.27 |
| Rs.- Euro |
83.92 |
-0.08 |
|
|
| FII (Rs cr ) |
|
09/03* |
06/03* |
| FIIs |
-3480.85 |
-2237.68 |
| 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 |
1,58,631.00 |
11,044.15 |
1,55,246.00 |
10,822.47 |
2,46,592.00 |
18,486.24 |
221.68 |
| Index Options |
32,43,937.00 |
2,16,175.30 |
32,14,627.00 |
2,14,094.92 |
9,06,144.00 |
67,679.31 |
2,080.38 |
| Stock Futures |
3,61,613.00 |
20,282.02 |
3,41,331.00 |
19,688.95 |
14,68,341.00 |
83,654.18 |
593.07 |
| Stock Options |
1,09,410.00 |
6,913.15 |
1,10,631.00 |
6,940.64 |
66,376.00 |
3,861.04 |
(27.49) |
| Total |
38,73,591.00 |
2,54,414.62 |
38,21,835.00 |
2,51,546.98 |
26,87,453.00 |
1,73,680.77 |
2,867.64 |
|
|
| Corporate News |
Mukesh Ambani, Reliance Industries MD, has lost the title of Asia’s richest man to Alibaba Founder Jack Ma. According to the Bloomberg Billionaires Index, Jack Ma’s networth is at $44.8 billion while Ambani’s continues to be India’s richest man with a fortune of $41.8 billion. Amazon CEO Jeff Bezos continues to be the world’s richest man even though he lost $5.6 billion on Monday. (BL). |
UAE-headquartered GP Global is set to provide non-conventional energy solutions to Indian industries. The oil and gas trading firm is setting up a biomass boiler for metals major Hindalco Ltd, even as it is in talks with pharmaceuticals and ceramics players, among others, to provide similar solutions. (ET). |
British oil explorer Cairn Energy Plc expects an international arbitral tribunal to give a decree by the summer of 2020 on its challenge to the Indian government seeking Rs.10,247 crore in retrospective taxes. (BL). |
Mahindra & Mahindra Ltd on Monday announced the market launch of its locally assembled pick-ups in Kenya in collaboration with the Simba Corporation. This is part of its strategy to go local in the overseas markets. (ET). |
State-owned power giant NTPC has decided to extend the deadline for defaulting Discoms to pay outstanding dues till Tuesday next week, post which electricity supply will be snapped. (BL). |
Pennar Industries Limited, the Hyderabad-based engineering products and solutions company, has bagged orders worth Rs.550 crore across its business verticals during February. (ET). |
PTC India has bagged consulting projects worth Rs.75 crore from state-owned Energy Efficiency Services Ltd (EESL). (BL). |
RPP Infra Projects has bagged an order worth Rs.77.52 crore in Tamil Nadu, according to a regulatory filing by the company. (ET). |
The final restructuring plan for Yes Bank will be presented to the cabinet for approval, said people with knowledge of the matter. The Reserve Bank of India (RBI) will finalise it after considering feedback on the draft scheme placed in the public domain on Friday. (BL).
|
|
|
| Economy and Sector News |
Energy titan Saudi Aramco said Tuesday it will boost its supply of crude oil to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia. (BL). |
The domestic tourism industry is likely to suffer a revenue loss of at least $300 million with a large number of tourists deciding to cancel their trips due to the coronavirus scare, according to an industry insider. There has been a drop of 67 per cent in inbound tourism since January as compared to the same period last year. On the other hand, there is a dip of 52 per cent in the outbound travel for the same period. It seems March is going to be even worse than February. (ET).
|
Tea Board has issued showcause notices to 16 biofertiliser and eight instant tea factories located in different parts of South India for alleged violations of statutory requirements. (BL). |
From Indian tycoon Anil Agarwal’s metals and mining company to American shale explorers, the historic crash in oil prices has left energy companies that loaded up on debt vulnerable. (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 sharply higher on Tuesday following the Dow Jones and S&P 500's worst daily showings since the Global Financial Crisis in the previous session. The Dow Jones Index closed at 25,018, up 1,167.14 points by 4.89%. The Standard & Poors 500 index closed at 2,882 up 135.67 points by 4.94%. The Nasdaq Composite Index closed at 8,344, up 393.58 points by 4.95%.
FTSE 100
UK markets finished flat on Tuesday, with the bounce from the heavy losses sustained during the previous session petering out as reports indicated that measures to help the US economy might take some time to make their way through Congress. The FTSE 100 index closed at 5,960, down 5.54 points by 0.09%. |
| |
|
|
| Global Indices |
| 09/03/2020 |
Clsg |
Chg% |
| Dow Jones |
25,018 |
+4.89 |
| NASDAQ |
8,344 |
+4.95 |
| FTSE 100 |
5,960 |
-0.09 |
| Bovespa |
92,214 |
+7.14 |
| 10/03/2020 |
Latest
(6:06AM IST) |
Chg% |
| Nikkei |
19,962 |
+0.48 |
| Hang Seng |
25,393 |
+1.41 |
|
Nikkei
Asian share markets started trading early in the morning on Wednesday on a positive note as the investors will be closely watching the US markets. Nikkei is currently trading at 19,962, up 95.13 points by 0.48%.
Precious Metals
Gold futures settled lower on Tuesday for the first time in four sessions as U.S. stocks looked to rebound from their steepest one-day loss since 2008 and as government bond yields jumped off historic lows seen after a coronavirus and crude-oil sparked plunge on Monday.
Base Metals
Three-month prices of base metals trading on the London Metal Exchange rebounded at the close on Tuesday March 10 due to suggestions that the worst of the novel coronavirus (2019-nCoV) in China may be over.
Crude Oil
The sharpest one day fall in oil markets since the 1991 Gulf War on Monday revealed familiar cracks in the corporate credit market. |
| |
|
| |
 |
| |
Retail Research Desk:
Akhil Rathi D: 91 22 2858 3210
Hrishikesh Yedve D: 91 22 2858 3207
Neeraj Sharma D: 91 22 2858 3208
Rohan Gawale D: 91 22 2858 3213
Karan Desai D: 91 22 2858 3221
Email: retailresearch@acm.co.in
Research Analyst Registration Number:
INH000002483
CIN: U65990MH1993PLC075388 |
| |
 |
| |
Follow us on: |
|
|
 |
| |
     |
|
|
Information pertaining to Asit C. Mehta Investment Interrmediates Limited (ACMIIL):
ACMIIL is a SEBI registered Stock Broker, Merchant Banker and Depository Participant. It is also a AMFI registered Mutual
Fund Distributor. It does not have any disciplinary history. Its associate/group companies are Asit C. Mehta Commodity
Services Limited, Asit C. Mehta Realty Services Pvt. Ltd, Asit C. Mehta Forex Pvt. Ltd, Nucleus IT Enabled Services , Asit C.
Mehta Financial Services Limited (all providing services other than stock broking and merchant banking).
Disclosures
ACMIIL/its associates and its Research analysts have no financial interest in the companies covered on the report. ACMIIL/
its associates and Research analysts did not have actual/beneficial ownership of one per cent or more in the companies
being covered at the end of month immediately preceding the date of publication of the research report. ACMIIL/its associates
or Research analysts have no material conflict of interest, have not received any compensation/benefits for any
reason (including investment banking/merchant banking or brokerage services) from either the companies concerned/third
parties with respect to the companies covered in the past 12 months. ACMIIL/its associates and research analysts have
neither managed or co-managed any public offering of securities of the companies covered nor engaged in market making
activity for the companies being covered. Further, the companies covered neither are/nor were a client during the 12
months preceding the date of the research report. Further, the Research analyst/s covering the companies covered herein
have not served as an officer/director or employee of the companies being covered.
Disclaimer:
This report is based on information that we consider reliable, but we do not represent that it is accurate or complete and
it should not be relied upon such. ACMIIL or any of its affiliates or employees shall not be in any way responsible for any
loss or damage that may arise to any person from any inadvertent error in the information contained in the report. To
enhance transparency we have incorporated a Disclosure of Interest Statement in this document. This should however not
be treated as endorsement of the views expressed in the report. |
| |
|
|
|
|
|
|
|