Indian Stocks 2 March2016

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

[A]       Movement of Benchmark Index : 

Nifty50 opened with upward gap of 1.4% or 99 point at 7,321 and made Day's low at 7,308. Through out the session, Nifty50 steadily moved up to make day's high at 7,380; Nifty50 finally closed at  7,368 or 2 % Higher.

[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 -0.33 at 7,367 or 1.91% Higher. Open Interest Increased by 7.36%.

Increase in OI indicates Long Built up. Future was trading in 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 Covering at 7,500 Call strike was seen.

Highest OI of Put Options was at 7,000 Put strike (no change). Fresh Short Build up was seen at 7,000 PUT strike.

Highest trading volume of Call options was recorded at 7,500 strike, whereas highest trading volume of Put options was recorded at 7,000 strike. 

(iii)     Implied volatility (IV)

IV  of Near month March'16 Expiry 7,400 strike Call Option was seen at 13.24, whereas
IV of Near month March'16 Expiry 7,400 strike Put Option was seen at 20.59.

(iv)     Put Call Ratio (PCR) :

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

0.88 (Vol), against previous sessions 1.00(vol) -- DECREASED.

1.04 (OI),  against previous session's 0.96 (OI) -  INCREASED.

2.0         Movement of India Volatility - Index INDIA VIX :-

          During the first hour IndiaVix traded in RED Zone and thereafter switched into GREEN ZONE and finally closed in GREEN at 18.99 or 1.7 % HIGHER.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened above 5 and throughout the session ADR remained above 3. ADR finally closed at 3.93 i.e. on NSE, 1250 stocks closed in GREEN against 318 stocks closed in RED or in simple words, out of every 100 stocks 80 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 67.845 INR 0r 0.55% LOWER.

5.0 Sectoral Indices - Closing:- 

At the end of session 

NiftyMetal Index closed 2.11% Higher.

BankNifty Index closed 4.71% Higher.

Nifty Reality Index closed 5.67% Higher.

NiftyAuto Index closed 0.53% Higher.

Nifty IT Index closed 2.44% Higher.

Nifty FMCG Index closed 0.29% Lower.

NiftyPharma Index closed 0.14% Lower.


6.0 Daily Movement of the  Front line  Stocks :-

At the end of session 

RELIANCE closed 1.91% Higher.

SBIN Closed  12.56%  Higher.

HUL closed 3.08 % Higher. 
TATASTEEL Closed 4.65% Higher.
TATAMOTORS closed 0.38% Higher.
INFOSYS closed 2.94% Higher.
SunPharma closed 1.96% 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 :-

Not Any

9.0 Derivative Stock with Extra-ordinary price movement :

             State Bank of India

     Stock Prices of India's leading Public Sector Bank were closed with 12.55% Higher. RBI, Relaxed norms for Banks had triggered short covering rally in this Stock. Near Month's Future - OI decreased by 3.45% and Cost to carry was seen at -3.22.  Highest OI was seen at 180 Call Strike and 140 Put Strike. IV of 180 strike Call Option (near month) was seen at 44.17 whereas IV of 180 strike Put Option (near month) was seen at 53.79.  

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was 20,722 Crore INR which was Higher than previous session; Turnover in Derivative segment was 2,52,119 crore INR which was Higher than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics FII/FPIs BOUGHT equity worth 1,437 Crore INR (net),whereas DIIs Sold equity worth 593 crore INR(net) .

12.0 Important Development during the Day :-

Earlier n day Major Asian and European Stock Markets closed FLAT

Late Night, USA stock markets Closed in GREEN.

In Indian stock market, today after long time, Foreign Institutional Investors (FII) / Foreign Portfolio Investors (FPI) BOUGHT Indian Equity. In today's Trade, Domestic Institutional Investors (DII) SOLD Equity. After 3% rally today Indian Market opened with 1.4% Gap, which induced the short covering rally and helped BenchMark Indices to close with 2% Higher.

13.0 Way Ahead :-

At the end of session, India Vix is placed in GREEN below 20. NSE ADR is placed at 3.93. Both these together indicates Neutral 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 :  3rd  March 2016 04:30 Hrs (Indian Standard TIme).