Indian Stocks 10-February2016

1.0      NSE Benchmark Index Nifty50 :-

[A]       Movement of Benchmark Index : 

Nifty50 opened with 0.47% or 34 point of down ward gap at 7,264; made day's high at 7,271 and quickly slipped to 7,225; bounced back to 7,246; hovered around 7,230; slipped below 7,200 level to make day's low at 7,177 ; rebounded to 7,255; again slipped below 7,200 and finally closed at 7,215 or 1.13% lower.

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

(i)        At the end of session, Open Interest in near month Future contract of Nifty50 was increased by 0.56%. Contract was closed at 7,252 or 1% Lower. That means Cost of Carry at the time of close was stood at 12.21. That is fresh built up of Short Position 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 at 7,500. ( in previous session it was stood at strike of 7,600). Long unwinding of 7,600 call options and fresh Short Built up at 7,500 call options had made this shift. Highest OI of Put Option contracts was stood at strike of 7,200 ( in previous session it was stood at strike of 7,400) Short covering of 7,400 Put options and fresh Long Built up at 7,200 put options had made this shift. Highest trading volume of Call option contracts was recorded at 7,400 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 7200 strike Call Option was seen at 21.37, whereas IV of Near month 7200 strike Put Option was seen at 20.93

(iv)      During the session Put-Call Ratio (PCR) of Near month Options was increased. At the end of session, PCR was recorded as 0.84 (volume), against 0.79 (Volume) of previous session. PCR was recorded as 0.9(OI) against 0.87 (OI) of previous session. 

2.0         Movement of India Volatility - Index INDIA VIX :-

           Throughout the  trading session, IndiaVix Traded in GREEN and closed at 22.465 or 3.4 % higher.

3.0 Advance Decline Ratio(ADR) :-

            NSE Advance Decline Ratio(ADR) opened near 0.5 and soon deteriorated to 0.25 level. Market  breadth remained weak throughout the session  ADR finally closed at 0.23 i.e. on NSE, 294 stocks closed in GREEN against 1267 stocks closed in RED or in simple words, out of every 100 stocks  only 19 stocks closed with gain.

4.0 Movement of Currency Future :-

          On NSE, USD-INR Near month currency future (Feb'16 expiry) closed 0.11% lower at 68.055 INR.

5.0 Sectoral Indices - Closing    :- 

Bank Nifty closed 1.93% LOWER. NiftyAuto Index closed 1.28% LOWER. NiftyMetal Index closed 0.6 % LOWER. NiftyPharma Index closed 1.77% LOWER. NiftyIT Index closed 0.13% LOWER. NiftyFMCG Index closed 1.13% LOWER. NiftyReality Index closed 3.62% Lower. 

6.0 Daily Movement of the  Front line  Stocks :-

Reliance closed 0.83% HIGHER;  TataSteel closed 0,64% HIGHER. HUL closed 0.16% Lower. SunPharma closed 0.59 % Lower.  Infy closed 0.14% LOWER. TataMotor closed 7 % 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. 

       IDEA (-2 %) ; CIPLA (-3.76%); Tech Mahendra (-2.26%); BHEL (-2.51%)
        Hindalco (-4.07%); SBIN (-4.8%) Bank of Baroda (-5.95%);    PNB (-9.12%)
        Bank India (-5.27%) McDowel (-2.85%).    Jindal Saw (-4.21%); SAIL (-3%); 

       Prestige Estate (-5.88% ) Delta Corp (- 1.2% ), UNITECH Reality(-2%); DLF(-5.5%)

Federal Bank made fresh 52 week low but bounced to close in GREEN at 1.46% higher. Phonix also made fresh 52 week low and bounced to close in GREEN at 1.12% higher.

9.0 Derivative Stock with Extra-ordinary price movement :

              Apollo Tyre Limited:-

Share prices of Raunaq Group's Onkar S Kanwar lead Apollo Tyre Limited ( Leading Tube and Tyre manufacturer with global presence) HQ at Kochi, were surged to 11.7% Higher at 150.9 INR and finally closed at 149.55 INR with 10.7 % GAIN.

In today's trade, Open Interest in Near month(Feb'16 expiry) Future increased by 14 %. At the end of session, Cost of Carry of Near month future stood at 13.83. 

At the end of session Put-Call Ratio (PCR) for near month Options was 0.61( Volume)  & 0.85 (OI).  At the end of session, Highest Open Interest (OI) of Near Month Call Option was at strike price of 160, whereas highest OI of Put Option was at strike price of 120.  At the end of session, Implied volatility (IV) of Near month 150 strike Call Option was seen at 51.52, whereas IV of Near month 150 strike Put Option was seen at 51.23.

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was  17,322 Crore INR which was Higher than previous session; Turnover in Derivative segment was 2,84,935 crore INR Higher than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics, FII/FPIs Sold equity worth 751 crore INR(net), whereas DIIs Bought equity worth 192 crore INR(net).

12.0 Important Development during the Day :-

              As per some financial newspapers, Indian Markets officially entered into BEAR territory. ( when stock market leading Indices shed more than 20% from its top it is considered the BEAR market). INDIA VIX had given early signal, by continuous closing above 20. Earlier in the Day, Japanees Benchmark Index NIKKI225 closed 2.3 % Lower. Later in the Day, European stock markets opened in GREEN and continued to gain and closed in GREEN. At the time of writing this, U.S. Benchmark Indices, DOW30, S&P500 and Nasdek were trading in GREEN. 

13.0 Way Ahead :-

At the end of session, India Vix is placed in GREEN above 20. NSE ADR is placed at 0.23. Both these together indicates Negative bias for upcoming session. However, looking to sharp bounce in western markets, Nifty50, likely to open in gap up. Further movement will be guided by local factors. 

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 :  10th-February 2016 23:00 Hrs.