| Morning Notes |
| 20th Mar, 2020 |
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Trading Range:
Nifty opened gap down at 8063 on Thursday and made a high and low of 8575 and 7833 respectively before closing negative at 8263.
Review/Outlook:
For the day, support for Nifty exists at 8000 and 7800 levels whereas resistance for Nifty stands at 8600 and 9000 levels.
Review/Outlook:
Bank Nifty opened gap down at 19429, made a high of 21035, low of 18676, and closed negative at 20083. For the day, support for Bank Nifty exists at 19000 and 18500 levels whereas resistance for Bank Nifty stands at 21000 and 22000 levels. |
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| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
28,288 |
-2.01 |
| Nifty |
8,263 |
-2.42 |
| BSE 200 |
3,491 |
-2.89 |
| BSE Midcap |
10,694 |
-3.70 |
| BSE Smallcap |
9,722 |
-4.53 |
| Dow Jones |
20,087 |
+0.95 |
| NASDAQ |
7,151 |
+2.30 |
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DERIVATIVES INDICATORS FOR MAR 20, 2020:
| NIFTY |
8263.45 (-205.35) (-2.42%) |
| NIFTY MAR FUTURE |
8208.90 (57.55 Points Discount) |
| NIFTY PCR - OI |
1.15 (+0.19) |
| NIFTY OPEN INTEREST |
1.97 Cr. (-2.49%) |
| INDIA VIX |
72.19 (+12.89%) |
| NIFTY ROLLOVER |
28% |
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NIFTY OPTIONS ACTIVITY (26-MAR SERIES)
| CALL |
8500 CE +4.69 lac Shares |
| CALL |
8400 CE +1.69 lac Shares |
| PUT |
8000 PE +4.02 lac Shares |
| PUT |
8100 PE -3.42 lac Shares |
|
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| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
11,712 |
-5.93 |
| Bankex |
22,925 |
-2.54 |
| PSU |
4,319 |
-5.12 |
| Healthcare |
11,397 |
-1.82 |
| IT |
11,390 |
-1.50 |
|
|
| Market Turn Over (`cr) |
| Index |
19/03 |
18/03 |
| BSE Cash |
3,386 |
3,365 |
| NSE Cash |
53,587 |
58,047 |
| NSE F&O |
1,807,622 |
1,010,921 |
| BSE Delivery % |
36.55 |
34.35 |
|
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| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
20.79 |
79.21 |
| BSE 200 |
16.92 |
83.08 |
| BSE 500 |
17.76 |
82.24 |
| Total BSE |
21.44 |
72.86 |
|
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| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
25.78 |
+2.22 |
| Gold Rs./ 10 Gms |
39831.00 |
+0.27 |
| Silver Rs./ Kg |
35102.00 |
+3.52 |
| Rs.- US $ |
75.78 |
+1.08 |
| Rs.- Euro |
81.06 |
-1.04 |
|
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| FII (Rs cr ) |
|
19/03* |
18/03* |
| FIIs |
-5044.64 |
-3662.96 |
| MFs |
- |
- |
*Date refers to the day of activity and not the day on which it is reported. |
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| 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 |
2,15,549.00 |
11,856.12 |
2,14,774.00 |
11,811.27 |
2,73,643.00 |
15,731.96 |
44.85 |
| Index Options |
44,50,677.00 |
2,32,650.92 |
44,56,424.00 |
2,33,213.16 |
8,73,181.00 |
52,202.99 |
(562.24) |
| Stock Futures |
4,64,880.00 |
20,497.63 |
4,39,920.00 |
19,401.67 |
14,87,043.00 |
66,629.34 |
1,095.96 |
| Stock Options |
39,444.00 |
2,079.93 |
39,514.00 |
2,061.56 |
76,775.00 |
3,454.74 |
18.37 |
| Total |
51,70,550.00 |
2,67,084.60 |
51,50,632.00 |
2,66,487.66 |
27,10,642.00 |
1,38,019.03 |
596.94 |
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| Corporate News |
IndiGo would implement a pay cut ranging from 5 per cent to 25 per cent for many categories of its employees from April 1. The airline also hints at a temporary cut back in capacity due to the Coronavirus outbreak around the world and drop in travel demand. (BL). |
Sterlite Technologies became the first company to have announced a 'share buyback' amidst market rout. In budget, finance minister Nirmala Sitharaman had announced a 20 per cent tax on buy back of shares. The past two years saw record buy back of shares, but companies are expected to shun share buy back due to the tax. Sterlite Technologies has now dared to attempt it when such a move is most required to stabalise the share price, analysts said. (ET). |
Dr Reddy’s Laboratories Ltd has launched naloxone hydrochloride injection pre-filled syringes in the US market. The launched product is a therapeutic equivalent generic version of Narcan injection approved by the USFDA. (BL). |
In an attempt to push for a stronger adoption of clean energy, Tata Power is expanding its rooftop solar offerings to 90 cities in the country. (ET). |
Bank of Baroda on Thursday said it will not levy any charges on digital transactions for the next three months in the wake of the coronavirus pandemic. Bank of Baroda announces zero charges on digital transactions for three months, to provide enhanced and uninterrupted banking experience to its customers, it said in a release. (BL). |
Larsen & Toubro-run investment trust IndInfravit on Thursday said it has completed the acquisition of 100 per cent stake in eight operational road projects of Sadbhav Infrastructure at an enterprise value of Rs 6,300 crore. IndInfravit had entered into a definitive agreement with Sadbhav to acquire its total nine road assets on July 1, last year. (BL). |
Emami board approved the buyback of the company's fully paid-up equity shares for an aggregate amount not exceeding Rs194.08cr and at a price not exceeding Rs300. The indicative maximum number of Equity Shares proposed to be bought back at the Maximum Buyback Size and Maximum Buyback Price would be 64,69,483 shares equity shares ("Maximum Buyback Shares") (representing 1.43% which is less than 25% of the existing paid-up equity capital of the Company). In more news, Muthoot Finance Ltd, India`s largest gold loan company on Tuesday 17, March 2020, declared an interim dividend of 150% i.e., Rs15 per share of Rs10 face value for the financial year 2019-20. The dividend will be paid to the shareholders on or before, the 15th day of April, 2020. (BS). |
Goa Carbon Ltd said that operations at the company's Paradeep Unit located at Paradeepgarh in Odisha have resumed. (BL). |
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| Economy and Sector News |
India Ratings and Research has downgraded Power Max India Pvt Ltd’s (PMIPL) Long-Term Issuer Rating to ‘IND D’ from ‘IND C’. The downgrade reflects PMIPL’s over-utilisation of cash credit facility for more than 30 consecutive days, till end-February 2020, due to stretched liquidity. PMIPL is an Engineering, Procurement and Construction (EPC) Company, which provides integrated engineering services, such as design, infrastructure development, construction, installation of pipelines, tanks and vessels, majorly to power plants, steel, coal, alumina, and other core industries. The issue size of the company’s short-term non-fund based limits was Rs 27 crore. The long-term fund-based working capital limit was Rs 21 crore. (BL). |
According to the latest official data available with the Tea Board, on the production front, calendar 2020 has opened on a positive note after India recording the highest ever output of 1390 million kg (mkg) in 2019 compared to all these years. The 2019 output was some 52 mkg more than the production of 2018. (ET).
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The Novel Coronavirus (Covid-19) has cast a long shadow over a much-anticipated mild recovery in the Indian economy in fiscal 2021, with the World Health Organization (WHO) declaring it a pandemic. In view of this, Crisil has cut its base-case gross domestic product (GDP) growth forecast for fiscal 2021 to 5.2 per cent, from 5.7 per cent announced recently. (BL). |
The Indian Railways have witnessed a plunge of Rs.450 crores in its earnings over the last week as around 180 trains have been cancelled in the wake of coronavirus pandemic in the country, Hindustan Times reported. According to the rail ministry, the national carrier witnessed a decline of 6.9 million passengers in the reserved category that is an 80 per cent spike in cancellation when juxtaposed to the same period last year. The fall is around 45% over the previous seven days. (ET). |
* ET - Economic Times, BS - Business Standard, BL - Business Line, TOI - Times of India, Mint, IE - Indian Express, BT - Business Today, IE - Indian Express |
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| Global Markets |
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DJIA and NASDAQ Composite
US markets finished higher on Thursday, helped by the latest moves from authorities to offset the fallout from the Covid-19 coronavirus pandemic, and the immediate effect of efforts to contain it. The Dow Jones Index closed at 20,087, up 188.27 points by 0.95%. The Standard & Poors 500 index closed at 2,409 up 11.29 points by 0.47%. The Nasdaq Composite Index closed at 7,150, up 160.73 points by 2.30%.
FTSE 100
UK markets was back into the green by the close on Thursday, after the Bank of England cut interest rates to 0.1% - the lowest level in history - from 0.25%, as it looked to limit the economic fallout from the coronavirus pandemic. The FTSE 100 index closed at 5,152, up 71.03 points by 1.40%. |
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| Global Indices |
| 19/03/2020 |
Clsg |
Chg% |
| Dow Jones |
20,087 |
+0.95 |
| NASDAQ |
7,151 |
+2.30 |
| FTSE 100 |
5,152 |
+1.40 |
| Bovespa |
68,331 |
+2.15 |
| 20/03/2020 |
Latest
(7:08AM IST) |
Chg% |
| Nikkei |
16,552 |
-1.04 |
| Hang Seng |
21,709 |
-2.61 |
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Nikkei
Asian shares sought a reprieve on Friday as Wall Street eked out gains, bonds rallied and oil boasted its biggest bounce on record, though a panicked rush into U.S. dollars suggested the crisis was far from done. Nikkei is currently trading at 16,552, down 173.72 points by 1.04%.
Precious Metals
The jump in the dollar has made gold more expensive in other currencies and pushed its price down 3.7% for the week to $1,471.39 per ounce on Friday.
Base Metals
The London Metal Exchange three-month copper price slightly improved at the close on Thursday March 19, up by 2% but firmly below the $5,000-per-tonne resistance level, while nickel recorded its highest daily trading volume since November 2016.
Crude Oil
U.S. crude added another 53 cents to $26.44 a barrel on Friday, up from a low of $20.09, while Brent crude stood at $28.46. |
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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).
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