Indian Stocks 3 March2016

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

[A]       Movement of Benchmark Index : 

Nifty50 opened with upward gap of 0.6% or 60 point at 7,429 and made Day's low at 7,406. Through out the session, Nifty50 systematically moved up to make day's high at 7,483; Nifty50 finally closed at  7,475 or 1.45 % Higher.

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

(i)         Future Contract :-

Through out the session, Near Month or March'16 Expiry Nifty50 Future, traded in Discount and finally closed with Cost of Carry of -4.83 at 7,448 or 1.17% Higher. Open Interest Increased by 6.9%.

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). Long Built up 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 7,200 strike. 

(iii)     Implied volatility (IV)

IV  of Near month March'16 Expiry 7,500 strike Call Option was seen at 10.50, whereas
IV of Near month March'16 Expiry 7,500 strike Put Option was seen at 20.78.

(iv)     Put Call Ratio (PCR) :

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

1.09 (Vol), against previous sessions 0.88(vol) -  INCREASED.

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

2.0         Movement of India Volatility - Index INDIA VIX :-

IndiaVix traded in RED Zone and finally closed 5% Lower at 18.04%.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened above 3. On weakening of market breadth ADR reached to 1.6. Thereafter Market Breadth started to improve. ADR finally closed at 2.43 i.e. on NSE, 1,082 stocks closed in GREEN against 446 stocks closed in RED or in simple words, out of every 100 stocks 71 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 67.59 INR 0r 0.42% LOWER.

5.0 Sectoral Indices - Closing:- 

At the end of session 

NiftyMetal Index closed 4.81% Higher.

BankNifty Index closed 0.57% Higher.

Nifty Reality Index closed 1.21% Higher.

NiftyAuto Index closed 1.95% Higher.
NiftyPharma Index closed 1.98% Higher

Nifty IT Index closed 1.45% Higher.

Nifty FMCG Index closed 0.27% Lower.

6.0 Daily Movement of the  Front line  Stocks :-

At the end of session 

RELIANCE closed 0.85% Higher.

SBIN Closed  1.35%  Higher.

TATASTEEL Closed 7.652% Higher.
TATAMOTORS closed 6.28% Higher.
SunPharma closed 1.85% Higher.
INFOSYS closed 1.38% Higher.
HUL closed 0.15% 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 :

Not ANY           

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was 18,725 Crore INR which was LOWER Than .previous session; Turnover in Derivative segment was 2,06,573 crore INR which was LOWER than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics FII/FPIs BOUGHT equity worth 912 Crore INR (net),whereas DIIs Sold equity worth 464 crore INR(net) .

12.0 Important Development during the Day :-

Earlier Japanese Stock market closed in GREEN. 
Later in the Day European Stock Markets closed in RED

Late Night, USA stock markets were trading FLAT.

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. Today Third Day in a Raw Indian Stock Markets opened with Upward gap and closed with 1.45%. 

13.0 Way Ahead :-

At the end of session, India Vix is placed in RED below 20. NSE ADR is placed at 2.43. Both these together indicates positive Bias for upcoming session at the opening. In last three session, Nifty has witnessed one sided up-move and today made intra-day high of 7,483, from Swing low of 6,825 on Budget Day. Thus 659 Point rally. Next session is last day before week-end, therefore later in the session, some correction on profit booking can not 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 :  4th  March 2016 01:00 Hrs (Indian Standard TIme).