Indian Stocks 09-February2016

1.0      NSE Benchmark Index Nifty50 :-

[A]       Movement of Benchmark Index : 

Nifty50 opened with huge gap down gap of 1.13% or 83 point of down ward gap at 7,303; slipped to 7,280; hovered around 7,300; made day's low at 7,275; rebounded to make day's high at 7,323; fell back to 7,290 and tried make fresh high of day but failed and finally closed at at 7,298 or 1.21% Lower. 

[B]         Near Month (Feb'16)Expiry Nifty50 Derivative Contracts:

(i)    At the end of session, Open Interest in ner month Future contract of Nift50 was reduced by 3.14%. Contract was closed at 7,330 or 0.86% Lower. That means Cost of Carry at the time of close was stood at 9.92. That is nwinding of Long positions was seen in today's session.  

(ii)    At the end of session, Highest Open Interest(OI) of Near month call option contracts was stood at the strike of 7,600, where as Highest OI of put option contracts was stood at strike of 7,400. Highest trading volume of Call option contracts was recorded at 7,500 strike, whereas highest trading volume of Put option contracts was recorded at 7,200 strike. 

(iii)      At the end of session, Implied volatility (IV) of Near month 7300 strike Call Option was seen at 19.62, whereas IV of Near month 7300 strike Put Option was seen at 20.20

(iv)      Put Call Ratio of Near month Options was recoded as 0.79 (Volume) and 0.87 (OI) 

2.0         Movement of India Volatility - Index INDIA VIX :-

             Throughout the  trading session, IndiaVix Traded in GREEN                     and closed at 21.7275 or 7.26% higher.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened near 0.33. Market  breadth remained weak throughout the session  ADR finally closed at 0.31 i.e. on NSE, 363 stocks closed in GREEN against 1178 stocks closed in RED or in simple words, out of every 100 stocks  only 24 stocks closed with gain.

4.0 Movement of Currency Future :-

On NSE, USD-INR Near month currency future (Feb'16 expiry) closed flat 68.1125 INR.

5.0 Sectoral Indices - Closing    :- 

Bank Nifty closed 1.14% LOWER. NiftyAuto Index closed 1.72% LOWER. NiftyMetal Index closed 1.86 % LOWER. NiftyPharma Index closed 0.51% HIGHER. NiftyIT Index closed 3.52% LOWER. NiftyFMCG Index closed 0.92% LOWER. NiftyReality Index closed 1.66% Lower. 

6.0 Daily Movement of the  Front line  Stocks :-

Reliance closed 0.45% LOWER; State Bank of India closed 2.82% Lower; HUL closed Flat. SunPharma closed 2.55 % Higher. TataSteel closed 1.15% HIGHER.  Infy closed 3.76% LOWER. TataMotor closed 3.85% LOWER. 

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

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

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

Following  front-line stocks of Nifty50 / major Sectoral  Index made fresh 52 week low in today's trade and closed in RED. Figures in brackets shows the % difference of today's closing rate with respect to previous session closing rate. 

       Federal Bank (-3.36%) ; Just Dial (-7.28%); Tech Mahendra (-3.28%);

       Jindal Saw (-3.16%); Phonix Ltd (-4.05%)

9.0 Derivative Stock with Extra-ordinary price movement :

              Motherson Sumi Systems Limited:-

Share prices of K.L. Sehgal promoted Motherson Sumi Systems Ltd.(Auto Auto Ancliary - Electrical sector, with global presence) HQ at Delhi, were slipped to 13.17% lower at 235.8 INR and finally closed at 241.70 INR with 11 % Loss.

In today's trade, Open Interest in Near month(Feb'16 expiry) Future increased by 33.37%. At the end of session, Cost of Carry of Near month future stood at -7.60. 

At the end of session Put-Call Ratio (PCR) for near month Options was 0.54( Volume)& 0.38(OI). 

At the end of session, Highest Open Interest (OI) of Near Month Call Option was at strike price of 270, whereas highest OI of Put Option was at strike price of 230. ) At the end of session, Implied volatility (IV) of Near month 240 strike Call Option was seen at 59.77, whereas IV of Near month 7300 strike Put Option was seen at 64.52.

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was  14,857 Crore INR which was Higher than previous session; Turnover in Derivative segment was 2,47,861 crore INR Higher than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics, FII/FPIs Sold equity worth 680 crore INR(net), and DIIs Sold equity worth 174 crore INR(net).

12.0 Important Development during the Day :-

               Earlier in the Day, Japanees Benchmark Index NIKKI225 closed 5.4 % Lower. Later in the Day, European stock markets opened in RED. At the time of writing this, FTSE100 (UK), FTSE MIB(Itly) CAC40 (France) DAX (Germany, U.S. Benchmark Indices, DOW30, S&P500 and Nasdek were trading in RED. 

13.0 Way Ahead :-

At the end of session, India Vix is placed in GREEN above 20. NSE ADR is placed at 0.31. Both these together indicates 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 :  9th-February 2016 22:00 Hrs.