Indian Stocks 10 March2016

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

[A]       Movement of Benchmark Index : 

Nifty50 opened wth upward gap of 0.18% or 13 Point at 7,545 made Day's high at 7,547. Thereafter Nifty50 steadily slided to make Day's low at 7,447. Nifty50 recovered from Day's Low and  finally closed at  7,486 or 0.61% Lower.

[B]         Movements in Derivative Contracts of Bench Mark Index Nifty50 :

(i)         Future Contract :-

Near Month or March'16 Expiry Nifty50 Future, closed with Cost of Carry of -0.04 at 7,486 or 0.65% Lower.

Open Interest Decreased by 3.55% indicates Long Unwinding.

Nifty Future Contract closed with Discount.

(ii)    Near month Expiry or March16 Expiry Option Contracts:-

Highest Open Interest(OI) of Call Options was at 7,500 strike (Same as previous session).Short Built up at 7,500 Call strike was seen .

Highest OI of Put Options was at 7,000 Put strike (no change). Long Built up was seen at 7,000 PUT strike.

Highest trading volume of Call options was recorded at 7,700 strike, whereas highest trading volume of Put options was recorded at 7,400 strike. 

(iii)     Implied volatility (IV)

IV  of Near month March'16 Expiry 7,500 strike Call Option was seen at 12.65, whereas
IV of Near month March'16 Expiry 7,500 strike Put Option was seen at 18.41..

(iv)     Put Call Ratio (PCR) :

PCR of Near month March'16 Expiry Options was recorded as.

0.94 (Vol), against previous sessions 1.01 (vol)  - Decreased. 
1.13 (OI),  against previous session's 1.16 (OI) -  Decreased. 

2.0         Movement of India Volatility - Index INDIA VIX :-

IndiaVix TRADED in GREEN and finally closed 2.23% Higher at 17.895.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened above at 2.92. ADR finally closed at 0.74 i.e. on NSE, 651 stocks closed in GREEN against 875 stocks closed in RED or in simple words, out of every 100 stocks 42 stock closed with gain.

4.0 Movement of Currency Future :-

At the end of session, USD-INR Near Month future(March'16 Exp) closed in RED at 67.275 INR 0r 0.29% Lower.

5.0 Sectoral Indices - Closing:- 

At the end of session,

NIFTY METAL closed 0.76% Higher.
NIFTY PHARMA closed 0.19% Higher.
NIFTY REALTY closed -0.92% Lower.
NIFTY BANK closed -0.64% Lower.
NIFTY AUTO closed -0.02% Lower.
NIFTY FMCG closed -0.95% Lower.
NIFTY IT closed -0.91% Lower.

6.0 Daily Movement of the  Front line  Stocks :-

At the end of session,

TATASTEEL closed 0.20% Higher.
TATAMOTORS closed 0.14% Higher.
SUNPHARMA closed 0.36% Higher.
RELIANCE closed -3.12% Lower.
INFY closed -3.04% Lower.
SBIN closed -1.66% Lower.
HINDUNILVR closed -0.32% Lower.

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

           

Not Any

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

Colgate Palmolive (-1.72%).
Prestige Estate (-4.19%).

9.0 Derivative Stock with Extra-ordinary price movement :

              Not Any

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was 17,182 Crore INR which was Lower  than .previous session; Turnover in Derivative segment was 2,27,815 crore INR which was Lower than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics FII/FPIs BOUGHT equity worth 1,063 Crore INR (net),whereas DIIs Sold equity worth 598 crore INR(net) .

12.0 Important Development during the Day :-

After Indian Market were closed for trading, later in the day, European Central Bank (ECB) had its policy meeting. After the Meeting The ECB announced a steroid-filled stimulus program in an effort to boost the European economy. European stock markets rallied sharply in response. But within an hour, almost all European markets turned south and soon were in the red. It's almost as if investors have stopped believing that central banks have what it takes to turn around economies.

Earlier,

Japanese Stock Market's Benchmark Index closed in GREEN.

Chines stock Market's Benchmark Index closed in RED.

Later in the day, London and Germany Stock Market's Benchmark Index closed in RED. At the time of writing this blog, all 3 major Indices of US Stock markets were trading FLAT. 

13.0 Way Ahead :-

At the end of session, India Vix is placed in GREEN below 20. NSE ADR is placed at 0.74. Both these together indicates Negative bias for upcoming session at the opening. Stimulus program by ECB is expected to help to improve liquidity and which is seen good for Equity market. However, looking to the response of European stock market and uptrend in GOLD prices, Volatility in upcoming session cannot be ruled out.

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 :  11th  March 2016 2:00 Hrs (Indian Standard TIme).