| Morning Notes |
| 04th Mar, 2020 |
|
 |
| |
Trading Range:
Nifty opened gap up at 11218 on Wednesday and made a high and low of 11342 and 11152 respectively before closing positive at 11303.
Review/Outlook:
For the day, support for Nifty exists at 11220 and 11150 levels whereas resistance for Nifty stands at 11370 and 11450 levels.
Review/Outlook:
Bank Nifty opened a gap up at 29013, made a high of 29285, low of 28750, and closed positive at 29177. For the day, support for Bank Nifty exists at 28700 and 28500 levels whereas resistance for Bank Nifty stands at 29500 and 29800 levels. |
|
| Benchmark Indices |
| Index |
Clsg |
Chg% |
| Sensex |
38,624 |
+1.26 |
| Nifty |
11,303 |
+1.53 |
| BSE 200 |
4,770 |
+1.63 |
| BSE Midcap |
14,764 |
+1.79 |
| BSE Smallcap |
13,773 |
+1.25 |
| Dow Jones |
25,917 |
-2.94 |
| NASDAQ |
8,684 |
-2.99 |
|
|
| |
DERIVATIVES INDICATORS FOR MAR 04, 2020:
| NIFTY |
11303.30 (+170.55) (+1.53%) |
| NIFTY MAR FUTURE |
11294.75 (8.55 Points Discount) |
| NIFTY PCR - OI |
1.21 (+0.07) |
| NIFTY OPEN INTEREST |
1.59 Cr. (+4.86%) |
| INDIA VIX |
24.54 (-2.62%) |
| NIFTY ROLLOVER |
11% |
|
|
NIFTY OPTIONS ACTIVITY (26-MAR SERIES)
| CALL |
11300 CE +4.78 lac Shares |
| CALL |
11400 CE +3.89 lac Shares |
| PUT |
11400 CE +3.89 lac Shares |
| PUT |
11000 PE +3.44 lac Shares |
|
|
| Sectoral Indices (BSE) |
| Index |
Clsg |
Chg% |
| Auto |
15,746 |
+2.02 |
| Bankex |
33,515 |
+1.20 |
| PSU |
5,907 |
+2.96 |
| Healthcare |
13,922 |
+3.77 |
| IT |
15,333 |
+1.24 |
|
|
| Market Turn Over (`cr) |
| Index |
03/03 |
02/03 |
| BSE Cash |
2,406 |
2,472 |
| NSE Cash |
43,646 |
45,857 |
| NSE F&O |
1,398,583 |
1,216,934 |
| BSE Delivery % |
35.97 |
48.75 |
|
|
| Advances / Decines BSE Cash |
|
Adv(%) |
Dec(%) |
| BSE 100 |
91.09 |
8.91 |
| BSE 200 |
84.08 |
14.43 |
| BSE 500 |
73.20 |
25.20 |
| Total BSE |
46.48 |
47.61 |
|
|
| Commodities, Forex & Debt |
|
Clsg |
Chg% |
| Crude Oil NYMEX $ bl |
47.71 |
+1.12 |
| Gold Rs./ 10 Gms |
43474.00 |
+3.62 |
| Silver Rs./ Kg |
45290.00 |
+1.64 |
| Rs.- US $ |
73.08 |
+0.34 |
| Rs.- Euro |
81.63 |
+0.58 |
|
|
| FII (Rs cr ) |
|
03/03* |
02/03* |
| FIIs |
-300.61 |
-3340.85 |
| 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 |
1,09,694.00 |
8,014.24 |
1,05,663.00 |
7,773.13 |
1,91,630.00 |
15,250.55 |
241.11 |
| Index Options |
43,56,364.00 |
3,02,475.68 |
43,40,595.00 |
3,01,594.47 |
7,87,431.00 |
63,179.55 |
881.21 |
| Stock Futures |
3,26,890.00 |
20,263.01 |
2,93,298.00 |
18,223.37 |
14,32,364.00 |
88,229.20 |
2,039.64 |
| Stock Options |
60,002.00 |
3,994.62 |
58,969.00 |
3,941.02 |
49,209.00 |
3,074.58 |
53.60 |
| Total |
48,52,950.00 |
3,34,747.55 |
47,98,525.00 |
3,31,531.99 |
24,60,634.00 |
1,69,733.88 |
3,215.56 |
|
|
| Corporate News |
The board of State Bank of India (SBI) has approved a resolution plan proposed by beleaguered telecom company Reliance Communications (RCom), and will now vote in favour of the plan, sources close to the development told BusinessLine. SBI is the lead lender to RCom. (BL). |
Larsen & Toubro (L&T), the $21-billion group, has added another feather to its cap ― a digitally-transformed corporate museum at Manapakkam. The museum not only showcases the legacy of the group over the last eight decades but is also in line with the group’s focus on digitilisation in the last four years. (ET). |
With domestic sales dipping by 34 per cent, Tata Motors has affected production cuts for its key models. The automaker rolled out 37,826 units in February 2020 compared to 56,826 units during the same period a year ago. (BL). |
Moody’s Investor Service Tuesday downgraded Vedanta’s corporate family rating to B1 from Ba3 and its senior unsecured bonds to B3 from B2 on the back of sustained deterioration in the company’s credit profile and due to prevailing low and volatile commodity price environment. (ET). |
|
|
| Economy and Sector News |
The deployment in 2019 is a 55 per cent rise from that in 2018, led by a 30 per cent rise in deal volumes and a 20 per cent increase in average deal size over the previous year, the study ‘India Venture Capital Report, 2020’, which was conducted in partnership with Indian Private Equity & Venture Capital Association (IVCA), said. (BL). |
India exported 1,27,230 tonnes of banana, fetching Rs.447 crore, between April 2019 and January 2020, which is nearly 30 per cent more in terms of quantity and 49 per cent in value terms over the corresponding period last year, Agriculture Minister Narendra Singh Tomar told the Lok Sabha on Tuesday. (ET).
|
The Centre has restricted the export of 26 active pharmaceutical ingredients and drug formulations used as raw materials to manufacture crucial drugs, on the back of the three newly confirmed positive cases of Coronavirus in India. (BL). |
Foreign direct investment into India dipped marginally by 1.4 per cent to $ 10.67 billion (about Rs 76,800 crore) during October-December period of 2019-20, according to government data. Inflow of foreign direct investment (FDI) during October-December of 2018-19 stood at $ 10.82 billion. FDI inflows in July-September period of the current financial year stood at $ 9.77 billion. (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 sharply lower on Tuesday, more than reversing their early gains as an unscheduled rate cut from the Federal Reserve strengthened fears of a coronavirus-stoked recession. The Dow Jones Index closed at 25,917, down 785.91 points by 2.94%. The Standard & Poors 500 index closed at 3,003 down 86.86 points by 2.81%. The Nasdaq Composite Index closed at 8,684, down 268.07 points by 2.99%.
FTSE 100
UK markets finished higher on Tuesday again but well off their best levels even after the US central bank, in a rare move in between its regularly-scheduled policy meetings, slashed its short-term interest rates. The FTSE 100 index closed at 6,718, up 63.31 points by 0.95%. |
| |
|
|
| Global Indices |
| 03/03/2019 |
Clsg |
Chg% |
| Dow Jones |
25,917 |
-2.94 |
| NASDAQ |
8,684 |
-2.99 |
| FTSE 100 |
6,718 |
+0.95 |
| Bovespa |
105,537 |
-1.02 |
| 04/03/2020 |
Latest
(8:34AM IST) |
Chg% |
| Nikkei |
21,157 |
+0.35 |
| Hang Seng |
26,209 |
-0.29 |
|
Nikkei
Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus’s widening fallout. Nikkei is currently trading at 21,157, up 74.26 points by 0.35%.
Precious Metals
Gold rose 0.4% to $1645.25 an ounce XAU= on Wednesday.
Base Metals
The London Metal Exchange three-month copper price was little moved during morning trading on Tuesday March 3, with a fresh cancelation of some 17,200 tonnes redundant to price action, while zinc continued its downturn.
Crude Oil
Oil prices steadied, with Brent settling at $51.86 per barrel LCOc1 and U.S. crude 0.4% firmer at $47.37 a barrel CLc1 on Wednesday. |
| |
|
| |
 |
| |
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. |
| |
|
|
|
|
|
|
|