Indian Stocks 14-January2016

Nifty50 opened in downward gap at 7,467; made day's low at 7,444; bounced to 7,490 again slipped to 7457, thereafter steadily moved up to make day's high at 7605. In the afternoon session Nifty50  slipped in RED and closed in RED at 7,536 or 0.34% lower. Today, Nifty50 had 160 point upward swing and thereafter 84 point downward swing from Day's high. IndiaVix opened in GREEN, slipped to test its opening level and finally closed in GREEN. NSE Advance Decline Ratio (ADR) opened below 0.1 and gradually improved to 0.58 and again gradually slipped to finally closed at 0.32. On NSE, USD-INR currency January'16 expiry future traded above 67 INR and closed at 0.66% higher at 67.41 INR.

Bank Nifty closed 1.65% lower. NiftyAuto Index closed 1.42% lower. NiftyMetal Index closed 1.67% lower. NiftyPharma Index closed 0.42% higher. NiftyIT Index closed 1.3% higher. NiftyFMCG Index closed 0.12% higher. NiftyReality Index closed 1.61% lower.

Reliance closed 1.65 % lower. TataSteel closed 2.9 % lower. OrissaMines made fresh 52 week low and closed 1.96% lower. SunPharma closed 0.5 % lower. Reacting to good corporate results announcement, Infy closed 5 % higher. TCS closed flat. Godrej Property closed 1.42 % higher. SBI closed 2.5 % lower. AXIS BANK and CANARABANK made fresh 52 week Low and closed in RED. TataMotor closed 2.96 % lower. 

On NSE, Turnover in Equity and Derivative segment was lower than previous session. As per EoD provisional statistics, FII/FPIs Sold equity worth 1220 crore INR(net), and DIIs Bought equity worth 1525 crore INR(net).

Today IT stocks gained on account of better than expected corporate results and better outlook forecasting by INFOSYS. Gain in Dollar against INR was also sentimentally positive for export oriented IT sector.


At the end of session, India Vix is placed in GREEN. NSE ADR is placed around 0.32. Both these together indicates neutral view with negative bias. Today's volatility swings, indicates Nifty50 is likely to make downside journey in coming sessions. 

Disclaimer :-

Writer may have position in market/s as per risk profile and market condition. Reader/s must consult financial adviser/s, while acting on provided information. Writer may have discussed similar things with friends in group. 

Written Date :  14-January 2016  22:30 hours IST .