Indian Stocks 04-February2016

1.0 Daily Movement of Benchmark Index Nifty50 :-

Nifty50 opened with upward gap at 7,411; slipped below crucial psychological level of 7,400 at 7,387; bounced to Day's high at 7,457; From day's high, Nifty50 systematically slipped below 7,400 level to make day's low at 7,365; Again from Day's low Nifty50 closed above 7,400 level at 7,404 or 0.57% higher.

2.0 Movement of India Volatility - Index INDIA VIX :-

Throughout the  trading  session, IndiaVix Traded in RED and closed 2.04 % LOWER at 18.2075.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened near FIVE. Market  breadth weakened during the session and ADR closed at 0.60 i.e. on NSE, 582 stocks closed in GREEN against 958 stocks closed in RED or in simple word out of every 100 stocks only 38 stocks closed with gain.

4.0 Movement of Currency Future :-

Taking clue from weakened USDollar Index, On NSE, USD-INR Near month currancy future (Feb'16 expiry) opened in down-ward gap; through out the session traded in RED and finally closed 0.85 % HIGHER at 67.96 INR.

5.0 Sectoral Indices - Closing    :- 

At the end of Session, major NSE Sectoral Indices except pharma and Reality Index closed in GREEN. Bank Nifty closed 0.24% HIGHER. NiftyAuto Index closed 0.47% HIGHER. NiftyMetal Index closed 2.75% HIGHER. NiftyPharma Index closed 1.13% LOWER. NiftyIT Index closed 0.82% HIGHER. NiftyFMCG Index closed 0.37% HIGHER. NiftyReality Index closed 0.38% LOWER.

6.0 Daily Movement of the  Front line  Stocks :-

Reliance closed 0.38 % LOWER. HUL closed 1.66 % HIGHER. SunPharma closed 0.71 % HIGHER. TataSteel closed 1.65 % HIGHER.  Infy closed 1.87% HIGHER. TataMotor closed 2.11 % HIGHER.

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 front line  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.

BHEL(+1.13%); ICICI BANK (+0.17%);
JINDAL STEEL (+4.33%); SAIL(0.23%)




[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 (-1.23%); IDEA(-2.8%);
CIPLA (-1.97%); Colgate (-1.02%); CYIENT(-2.96%);
Jindal SAW(-1.53%); Phonix Mill(-1.55%);
Prestige Estate(-3.65%)


9.0 Derivative Stock with Extra-ordinary price movement :

VEDANTA (Earlier name Sesa Sterlite) :-

Share prices of Anil Agarwal lead Vedanta group's flagship company Vedanta ( Leading private sector Mining company) HQ at Goa today closed 11.27 % higher at 68.60 INR. In previous session, it made fresh 52 week low at 60.35.  In today's trade, Open Interest in Near motnh(Feb'16 expiry) Future decreased by 3.2% whereas Open Intrest in Far month future increased by 15%. At the end of session, Cost of Carry of Near month future stood at 2.95, where as Cost of Carry of far month future stood at 0.95.

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was  16,898 crore INR which was Higher than previous session; Turnover in Derivative segment was 2,18,997 crore INR Higher than previous session.

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics, FII/FPIs Sold equity worth 189 crore INR(net), and DIIs Bought equity worth 476  crore INR(net).

12.0 Important Development during the Day :-

After closing of Market hours TataSteel Announced its Quarterly results below market expectation. It will be intresting to see the price moveemnt of Steel sector stocks, which were trading high in today's session on back of some unconfirmed report that Govern,emt is considering to hike Import Duty on Steel and steel Products.

13.0 Way Ahead :-

At the end of session, India Vix is placed in  RED above 15. NSE ADR is placed at 0.6. 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 :  4th-February2016 23:30 Hrs.