Indian Stocks 18-January2016

Nifty50 opened in downward gap at 7,420, surged to 7,463 and immediately slipped to 7,388; bounced to touch previous day's closing level at 7,435; again slipped to 7,381 and after minor bounce to 7,429 went into free fall mode to close at 7,351 or 1.17% lower. Today, Nifty50 had free fall from 7,430 level. IndiaVix Traded in GREEN and closed 4.17% higher at 20.225. NSE Advance Decline Ratio (ADR) continuously traded  below 0.1 and closed at 0.1. In simple words, at the end of session, out of ten stock traded on NSE, nine stocks closed below previous day's closing level. On NSE, USD-INR currency January'16 expiry future traded flat and closed 0.1% higher at 67.79 INR.

Bank Nifty closed 1.22% lower. NiftyAuto Index closed 1.49% lower. NiftyMetal Index closed 1.08% lower. NiftyPharma Index closed 1.45% lower. NiftyIT Index closed 0.1% lower. NiftyFMCG Index closed 0.46% lower. NiftyReality Index closed 3.68% lower.

Reliance closed 4.93 % lower. TataSteel closed 3.35 % higher. Vedanta made fresh 52 week low and closed 6.52 % lower. NMDC and Bhusan Steel made fresh 52 week low and closed in RED. SunPharma closed 0.32 % lower.  Glenmark closed 7.92 % lower. Infy closed 0.9 % lower. HDIL closed 6.4 % lower. SBI made fresh 52 week low and closed 1.87 % lower. ICICI Bank, Axis Bank, Federal Bank, Bank Baroda, Canara Bank, PNB, BankIndia  also made fresh 52 week Low and closed in RED. TataMotor closed 0.23 % lower. Bosch, Apollo Tyre, AmaraRaja Bateery and Exide Industry made fresh 52 week low and closed in RED.

Important development during day , In international market crude oil slipped below 30 USD/Barrel.

On NSE, Turnover in Equity and Derivative segment was higher than previous session. As per EoD provisional statistics, FII/FPIs Sold equity worth 1,200 crore INR(net), and DIIs Bought equity worth 1,123 crore INR(net).

At the end of session, India Vix is placed in GREEN just above 20. NSE ADR is placed at 0.1. Both these together indicates that Nifty is entering into BEAR territory.  

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 :  18-January 2016  22:30 hours IST .