Indian Stocks 03-February2016

1.0 Daily Movement of Benchmark Index Nifty50 :-

Nifty50 opened with hige downward gap of 0.85% at 7,392; hovered between 7,366 and 7,400 in morning session; Tried to stay above crucial psychological level 7,400 and made Day's high at 7,419; Fresh selling pressure again pushed Nifty50 back below 7,400 level; After hovering around 7,400, in last hour of trade Nifty50 lost 50 point to make day's low at 7,350 and closed at 1.26 % lower at 7,361. 

2.0 Movement of India Volatility Index- INDIA VIX :-

       Throughout the trading session, IndiaVix Traded in GREEN and closed 3 % HIGHER at 18.5875.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened near 0.11. Market breadth remained weak through out the session and closed at 0.15 i.e. on NSE, 209 stocks closed in GREEN against 1353 stocks closed in RED or in simple word out of every 100 stocks only 15 stocks closed with gain.

4.0    Movement of Currency Future :-

On NSE, USD-INR Near month currancy future (Feb'16 expiry)opened in upward gap;through out the session traded in GREEN finally closed 0.13 % HIGHER at 68.36 INR.

5.0 Sectoral Indices - Closing  :-

At the end of Session, all Sectoral Indices closed in RED. Bank Nifty closed 1.55% LOWER. NiftyAuto Index closed 1.7% LOWER. NiftyMetal Index closed 2.64% LOWER. NiftyPharma Index closed 0.72% LOWER. NiftyIT Index closed 1.07% LOWER. NiftyFMCG Index closed FLAT. NiftyReality Index closed 3% LOWER.

6.0 Daily Movement of the Front line Stocks :-

Reliance closed 2.11% LOWER. HUL closed 2.9% HIGHER. SunPharma closed 0.5 % LOWER. TataSteel closed 3.9 % LOWER.  Infy closed 1.42% LOWER. TataMotor closed 2.61 % LOWER.

7.0 New 52 Week High made by front line stocks during the Day :-

            In today's trade - no stock from Nifty50 / major Sectorl Index made fresh 52 week High.

8.0 New 52 Week Low made by frontline stocks during the Day :-

[A] Following frontline stocks of Nifty50 / major Sectorl Index made fresh 52 week low in todays trade and closed in GREEN.Figures in bracks shows the % difference of today's closing rate with respect to previous session closing rate.

Bank of Baroda (+0.2%), McDowell (+2.74%)

[B] Following frontline stocks of Nifty50 / major Sectorl Index made fresh                 52 week low in todays trade and closed in RED.
State Bank of India (-1.5%), ICICI BANK (-3%),
CIPLA (-1.4%), Vedanta (-3.2%), Hindalco (-2.7%),
BHEL (4.8%), BOSCH(-1.8%), IDEA(-0.05%), SAIL(-1.4%)
FEDERAL Bank (-0.75%),Colgate (-1.4%),Jindal SAW (-3.43%)
Jindal Steel (-7.33%), Unitech(-8.2%)


9.0 Derivative Stock with Extra-ordinary price movement :

CROMPTON GREEVES :-

       Gautam Thapar lead Avantha Group company Crompton Greeves (LEADING POWER SECTOR COMPANY WITH GLOBAL PRESENCE)  reported for Q3 loss of 100+ crore INR against YOY profit of 250+ Crore INR, with Revenue declined to 2,000+ crore INR from 2,400+ Crore INR on YoY basis. Reacting to this dismal performance, Stock Prices of Crompton Greeves opened 8.5 % lower at 153 INR and quickly slipped to make fresh 52 week low at 119.55 INR (-28.5% from previous day closing). Stock prices recovered to close at 130,90 INR or 21.9% lower compared to previous day's closing. In today's trade, (i) Open Interest in Near motnh(Feb'16 expiry) Future increased by 41% whereas Open Intrest in Far month future increased by 111%.

10.0        Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was  16,256 crore INR which was Lower than previous session; Turnover in Derivative segment was 2,15,722 crore INR LOWER than previous session.

11.0 FIIs/DIIs Daily Activity :-

                As per EoD provisional statistics, FII/FPIs Sold equity worth 357 crore INR(net), and DIIs Sold equity worth 145  crore INR(net).

12.0 Important Development during the Day :-

             Earlier, Japanese stock market Benchmark Index closed 3.2% lower. Chinese Hangseng closed 2.3% lower. Major European Market closed in Red. Reports of U.S. service sector activity slowed again in January, prompted concerns that weakness in manufacturing may be spreading to other sectors. At the time of writing this, the U.S. dollar index (which measures the US Dolalr’s strength against a trade-weighted basket of six major currencies), was down by 1.3%. At the time of writing this, USA market's key Index Dow Jones is trading in Flat whereas Nasdaq is trading 1% lower.

13.0 Way Ahead :-

At the end of session, India Vix is placed in GREEN above 15. NSE ADR is placed at 0.15. Both these together indicates neutral view with slight negative bias for upcoming session.


Important 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 on :  3rd-February2016 22:30 Hrs.