Morning Report Equity
Morning Report Equity
Morning Report Equity
DOHA BROKERAGE
WWW.dbfsindia.com MORNING REPORT 23 Mar 2020
KOSPI 1,507.59
-3.74%
EUROPE
17,169.64
DAX 8,928.95 3.70%
FTSE 5,190.78
0.76%
Currency Derivatives
Major news
The equity markets continued to bleed profusely in the week ended March 20 as coronavirus fears roiled
investor sentiment worldwide. The carnage was doused, albeit slightly, by the relief rally on Friday, but the
overall mood still remains sombre despite stimulus packages from various central banks across the
world.The BSE Sensex and Nifty cracked more than 12 percent, the biggest weekly loss since October 2008,
the height of the global financial crisis.
Commodity
Oil prices Price
fell more than $1 $a barrel %
at Change
the start of the trading session on Sunday, as more governments
ordered lockdowns to curb the spread of the global coronavirus pandemic that has slashed the demand
outlook CRUDE
for crude.Brent92.110 -0.01
crude futures fell $1.84, or 6.8%, to $25.14 a barrel by 2215 GMT. West Texas
Intermediate (WTI) crude futures fell $1.26, or 5.6%, to $21.37 a barrel.
GOLD 1752.00 -0.06
There are 9 stocks under the F&O ban for March 23. Securities in the ban period under the F&O segment
include SILVER
companies in which the security +0.08
33.260 has crossed 95 percent of the market-wide position limit.YES Bank,
Adani Enterprises, Indiabulls Housing Finance, Vodafone Idea, Jindal Steel & Power, Just Dial, NCC, Punjab
National Bank and PVR are present in the list.
Foreign institutional investors (FIIs) sold shares worth Rs 3,345.95 crore, while domestic institutional
investors (DIIs) bought shares of worth Rs 2,431.24 crore in the Indian equity market on March 20,
provisional data available on the NSE showed.
The mutual fund industry will continue to function, even though the Maharashtra government announced a
complete lockdown on private offices till March 31 in the wake of the fast-spreading novel coronavirus. A
fund official said, “Since stock exchanges will continue to function as normal so all SEBI-registered
companies such as mutual funds will remain open. So, financial services have been exempted from this
rule.”
Anita
To mitigate the impact of coronavirus outbreak on the economy, India Inc has sought a host of measures,
including a year-long moratorium by banks on debt repayment, tax cuts and fiscal stimulus amounting to Rs
2 lakh crore to needy citizens through Aadhaar-based direct benefit transfer. India has already been facing
growth deceleration, with GDP growth falling to 4.7 percent in the third quarter of FY2020. The impact of
COVID-19 is likely to drag it down further in the fourth quarter.
To ensure the soundness of the Indian stock market in the wake of coronavirus outbreak, the National Stock
Exchange of India (NSE) on March 21 temporarily allowed dealers and employees of brokers to log into
trading systems from remote locations to carry out day-to-day activities.The exchange added that the
arrangement will be permitted till April 30 or longer if the situation calls for it. This is the first time stock
brokers have been allowed to access the market from their homes.
RESISTANCE LEVEL SUPPORT LEVEL
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