Indian Stocks 17-February2016

1.0      National Stock Exchange (NSE) Benchmark Index Nifty50 :-

[A]       Movement of Benchmark Index : 

Nifty50 opened with 10 point upward gap at 7,058, slipped below 7,000 mark to make day's low at 6,960 ;  bounced to 7,056 ; fell back to 6,995. Thereafter Nifty50 continuously moved up to Day's high at 7,123 and finally closed at .7,108 or 0.85 % Higher.

[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 decreased by 0.4%. Contract was closed at 7,120  or 1.1% Higher. That means Cost of Carry at the time of close was stood at 15.28, or Nifty50 future was trading with GOOD premium. Decrease in OI indicates that today's Rise in Nifty50 was due to Squaring up of old Short Positions or Short covering.

(ii)    At the end of session, Highest Open Interest(OI) of Near month Call Option contracts was stood at the strike at 7,400. ( At the end of last session it was at 7500 strike. This is because Fresh Long position built up at 7400 strike call option and short covering at 7500 Strike of call option) Highest OI of Put Option contracts was stood at strike of 7,000 (Same as in previous session. In today's session, fresh short Built up at 7000 put options were seen) Highest trading volume of Call option contracts was recorded at 7,100 strike, whereas highest trading volume of Put option contracts was recorded at 7,000 strike. 

(iii)      At the end of session, Implied volatility (IV) of Near month 7100 strike Call Option was seen at 20.09, whereas IV of Near month 7100 strike Put Option was seen at 18.99.

(iv)     At the end of today's session, PCR had remained FLAT at 0.82 (volume) At the end of today's session, PCR  was INCREASED to  0.81 ( OI) which was at  0,78  (OI) at the end of previous session. 

2.0         Movement of India Volatility - Index INDIA VIX :-

           IndiaVix opened in GREEN and continue to rise to make Day's High at 23.8050. Thereafter IndiaVIX slipped in RED Zone and traded in RED and finally closed at 21.8325 or 5.24 % LOWER.

3.0 Advance Decline Ratio(ADR) :-

            NSE Advance Decline Ratio(ADR) opened near 0.43. Thereafter, market strength deteriorated to 0.11 and started to improve.  ADR finally closed at 0.812 i.e. on NSE, 691 stocks closed in GREEN against 851 stocks closed in RED or in simple words, out of every 100 stocks  45 stock closed with gain.

4.0 Movement of Currency Future :-

          On NSE, USD-INR Near month currency future (Feb'16 expiry) OPENED in gap UP; and traded in GREEN closed FLAT at 68.5675 INR. 

5.0 Sectoral Indices - Closing    :- 

At the end of session, Bank Nifty closed 0.33% LOWER. NiftyAuto Index closed 1% HIGHER. NiftyMetal Index closed 1.01 % HIGHER. NiftyPharma Index closed 1.94 % HIGHER. NiftyIT Index closed 0.80% HIGHER. NiftyFMCG Index closed 0.98 % HIGHER. NiftyReality Index closed 0.79% HIGHER. 

6.0 Daily Movement of the  Front line  Stocks :-

TataSteel Closed 3.06% HIGHER ; HUL closed 1.03 % Higher.
Infy closed 1.47 % HIGHER; SunPharma closed 3.65% Higher. 
Reliance closed 2.75 % HIGHER; TataMotor closed 3.64 % HIGHER.

SBIN closed 2.08% Higher. 

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. 

ICICIBANK (-2.29%); CIPLA (-0.73%).

MothersonSUMI(-1,76%); GSK consumer Finance (1.15%)
Orissa Mines (- 1.28%); Shobha Developer ( 1.2%)

Prestige Estate (-0.88%)

Following front line stocks of Nifty50/ major sectoral Indices made 52 week low in today's trade but thereafter bounced to close in GREEN with gain,

ITC(1.56%); PNB(0.69%).
BHEL(2.47%); MCDOWEL (0.08%)
TECHMahendra (1.64%)

9.0 Derivative Stock with Extra-ordinary price movement :

             Not Any in today's trade.

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was  16,068 Crore INR which was HIGHER than previous session; Turnover in Derivative segment was 3,72,223 crore INR HIGHER than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics, FII/FPIs Sold equity worth 560 crore INR(net), whereas DIIs Bought equity worth 384 crore INR(net).

12.0 Important Development during the Day :-

[A]

In an important development today, Iranian Oil Minister  arranged a meeting with his counterparts from Venezuela, Iraq and Qatar to reach a deal to restrain output and prop up sagging prices. Since Oil price  has far reaching effect on world economy,Investment community was keeping a close eye on outcome of meeting. Following the conclusion of the meeting, Iranian Oil Minister said that he “supports efforts by OPEC members to keep prices stable." After his comments, Oil prices rose sharply in North America trade.[B]

Earlier, JAPANEES BENCHMARK Index Nikkei225 closed 1.36% Lower. Chinese BENCHMARK Index HangSang closed 1.03% Lower. At the time of writing this, major European stock markets BenchMark Indices were trading 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 0.81. Both these together indicates NEUTRAL view 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 :  17th-February 2016 22:30 Hrs.