Indian Stocks 21-January2016

Nifty50 opened in huge 0.9% or 66 point upward gap at 7,376; continuously slipped below to make day's low at 7,250; bounced to 7,326 level and again slipped in RED to close at 7,277 or 0.44 % lower. IndiaVix opened in RED; flip flopped in GREEN and RED and closed 0.73% LOWER at 20.81. NSE Advance Decline Ratio (ADR) opened near 0.1 and closed at 1.17. On NSE, USD-INR currency January'16 expiry future closed flat at 68.06 INR.

Bank Nifty closed 1.11 % higher. NiftyAuto Index closed 1.91% lower. NiftyMetal Index closed 0.86 % lower. NiftyPharma Index closed 2.31% lower. NiftyIT Index closed 0.22% higher. NiftyFMCG Index closed 1.55% lower. NiftyReality Index closed 0.41% higher.

Reliance closed 2.2 % lower. TataSteel closed 1.77 % higher. Six stocks from NiftyMetal Index namely Vedanta, Jindal Saw, NMDC,  Coal India,  Bhusan Steel, Orissa Mines made fresh 52 week low and closed in RED. Infy closed 1.64 % higher. SunPharma closed 2.58 % lower. DRL made fresh 52 week low and closed in RED. HDIL closed 2.98 % higher. SBI closed 1.47 % lower. TataMotor closed 4.28 % lower. Exide Industry made fresh 52 week low and closed in 4.32 % lower. BOSCH also made fresh 52 week low and closed 2.2% lower .

On NSE, Turnover in Equity segment was flat and in Derivative segment Turnover was Higher than previous session. As per EoD provisional statistics, FII/FPIs Sold equity worth 1,747 crore INR(net), and DIIs Bought equity worth 1,267  crore INR(net).

At the end of session, India Vix is placed in RED above 20. NSE ADR is placed at 1.17. Both these together indicates Neutral view with slightly negative bias. 

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 :  21-January 2016  22:00 hours IST .