Indian Stocks 4 March2016

On 7th March 2016 Indian Stock market observed Holiday for MahaShivratri. 

This is Friday 4th March2016 closing note for Indian Stocks,  Written on :  8th  March 2016 5:00 Hrs (Indian Standard TIme).

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

[A]       Movement of Benchmark Index : 

Nifty50 opened with upward gap of 0.4% or 29 point at 7,505 and made Day's high at 7,505 and made Day's Low low at 7,444. Nifty50 hovered around 7,475 level and thereafter climbed to 7,500 mark but failed to cross Day's High made in the opening.; Nifty50 finally closed at  7,485 or 0.13 % 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 -2.2 at 7,475 or 0.34% Higher. Open Interest Increased by 4.22%.

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 11.18, whereas
IV of Near month March'16 Expiry 7,500 strike Put Option was seen at 19.18.

(iv)     Put Call Ratio (PCR) :

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

0.97 (Vol), against previous sessions 1.09(vol)  - Decreased 
1.14 (OI),  against previous session's 1.14 (OI) -  No Change.

2.0         Movement of India Volatility - Index INDIA VIX :-

IndiaVix flip floped in RED and Green Zone and finally closed 0.87% Lower at 17.8825.

3.0 Advance Decline Ratio(ADR) :-

NSE Advance Decline Ratio(ADR) opened above at 0.72. ADR finally closed at 1.63 i.e. on NSE, 954 stocks closed in GREEN against 586 stocks closed in RED or in simple words, out of every 100 stocks 62 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 67.3375 INR 0r 0.38% LOWER.

5.0 Sectoral Indices - Closing:- 

At the end of session 

NiftyMetal Index closed 1.77% Higher.

BankNifty Index closed 1.06% Higher.

Nifty Reality Index closed 1.03% Higher.

NiftyAuto Index closed 0.15% Higher.
NiftyPharma Index closed 0.31% Higher

Nifty FMCG Index closed 0.33% Lower.

NiftyIT Index closed 0.67% Lower.

6.0 Daily Movement of the  Front line  Stocks :-

At the end of session 

SBIN Closed  3.47%  Higher.

TATASTEEL Closed 1.03% Higher.
TATAMOTORS closed 2 % Higher.
HUL closed 0.01% Higher.
INFOSYS closed 0.51% Higher.
SunPharma closed 1.58% Lower.
Reliance closed 0.53% Lower.

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

           

MindTree (+1.15%)
JSW STEEL(3.04%)

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 :

Just Dial Limited

Stock of Just Dial Ltd closed with 14.81% or 98.15 INR higher at 761 INR. Near Month Future was closed at 689 INR or 7.78% higher but with Huge Discount of 72 INR or with cost to carry at -154.60. Open Interest was increased by 17%, which indicates Fresh Long Built up in the stock.      

10.0 Daily Turnover on NSE :-

On NSE, Turnover in Equity segment was 18,177 Crore INR which was LOWER Than .previous session; Turnover in Derivative segment was 2,16,196 crore INR which was  Higher than previous session. 

11.0 FIIs/DIIs Daily Activity :-

As per EoD provisional statistics FII/FPIs BOUGHT equity worth 671 Crore INR (net),whereas DIIs Sold equity worth 533 crore INR(net) .

12.0 Important Development during the Day :-

On 7th March 2016 Indian Stock market observed Holiday for MahaShivratri. All major  Asian and European Stock Markets in the world closed in RED. DOW and S&P 500 of US Stock market closed in GREEN whereas NASDEQ closed in RED.

13.0 Way Ahead :-

At the end of session, India Vix is placed in RED below 20. NSE ADR is placed at 1.63. Both these together indicates positive Bias for upcoming session at the opening. 

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.