Nifty opened with gap down indicating the selling pressure is going to persist for some time. In line with the expectations the markets dropped 100 points to close at 5414 with the low of 5360. The bank nifty has been the main culprit with a fall of more than 300 points. There is no differentiation between private and public sector banks, both were hammered with equal ferocity. A bounce is very much necessary although the lower levels are clearly visible on the charts.
The
support for nifty is at 5380-5340-5290 and the resistance lies at 5453-5511-5557. Nifty August Future has been trading at 3-4 points premium to the
spot. The implied volatility on the Nifty August Options of ATM strike calls were
at 21.64 and for puts were at 25.74. India VIX closed at 25.59. PCR for Nifty
based on open interest was at 0.89 and PCR for the day based on volumes was at
1.19 for the market.
Cash
Market:
FII 2805.12 - 3485.2 = (680.08) Cr.
DII 1458.93 - 1086.28 = 372.65 Cr.
FII
Derivatives Market:
| In Cr. | Buy | Sell | Net |
| INDEX FUTURES | 3376.41 | 4592.22 | -1215.81 |
| INDEX OPTIONS | 34393.57 | 35750.00 | -1356.43 |
| STOCK FUTURES | 2616.10 | 2295.56 | 320.54 |
| STOCK OPTIONS | 1298.22 | 1348.25 | -50.03 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 20-Aug-13 | Indraprastha Gas Limited | Annual General Meeting/Dividend Rs 5.50/- Per Share |
| 20-Aug-13 | HT Media Limited | Annual General Meeting And Dividend Re.0.40 Per Share |
| 20-Aug-13 | National Steel And Agro Industries Limited | Annual General Meeting |
| 20-Aug-13 | TIPS Industries Limited | Annual General Meeting / Final Dividend Re 2.10/- Per Share |
| 20-Aug-13 | Lumax Automotive Systems Limited | Annual General Meeting |
| 20-Aug-13 | Gujarat Apollo Industries Limited | Annual General Meeting / Dividend - Rs 10/- Per Share |
| 20-Aug-13 | Renaissance Jewellery Limited | Annual General Meeting And Dividend Re.1/- Per Share |
| 20-Aug-13 | FDC Limited | Annual General Meeting / Dividend - Rs 2.25/- Per Share |
Stocks
In News:**
Moody's:
-India's rating outlook stable
-India's Baa3 sovereign rating supported by credit strengths
-India's rating constrained by poor infrastructure, high government deficit
Govt sources say:
-May delay PSU bank recapitalisation if markets remain volatile
-PSU bank recapitalisation was planned for Q2FY14
-Hope Pension Bill will be passed in parliament today
-No contentions over FDI limits in Pension Bill
-Proposed FDI limits for Pension Bill to be same as those in Insurance Bill
Bharti Airtel to CNBC-TV18:
-Taken USD 500 million dollar dominated debt in India
-Have net cash against net debt on consolidated basis in India
-Dollar-rupee movement impacts only dollar dominated debt taken in India
-Have USD 10 billion global debt across operations
-No impact on international assets due to appreciation of Dollar
Forward Markets Commission (FMC) sources say
-Only Rs 68 crore collected in NSEL's escrow account so far
-FMC sends warning to NSEL, its management
FMC says:
-NSEL has not complied with directions of the commission
-NSEL was asked to disclose party-wise payment on website
-NSEL should disclose client wise payout positions of IBMA (Indian Bullion Market Association)
-NSEL is not furnishing correct or reliable details
-NSEL giving different information on different occasions
FMC asks NSEL:
-Reconcile differences in payout obligation to members
-No reliable information prior to 1st scheduled payout date
-Reconcile the trading member/client-wise obligation of IBMA
-Disclose names of all trading members supposed to get payout
-Disclose on website party-wise amount deposited in escrow account
-Reconcile the amount of pay-in due to NSEL and pay-out to be made
-Submit details of VAT amount due and to be collected from various members
-Doubts over reliability of payment figures by NSEL
-Will view any further instance of non-compliance seriously
-Necessary action would be initiated for non-compliance
Subramanian Swamy-Writes to Competition Commission of India (CCI) against Jet -Etihad Deal
-Deal to impact competition & Indian Air travellers
Karur Vysya Bank
-Ups base rate by 25 bps at 11 percent effective today
-Ups BPLR by 25 bps at 16 percent effective today
Infosys :
-Appoints 3 senior executives to executive council
-Appoints R D Mavinakere, Binod Hampapur Rangadore & N Radhakrishnan
-Mavinakere, Rangadore will drive cosy optimisation initiatives
-New executives will play key role in implementation of turnaround strategy
Hathway Cable board approves preferential allotment of 52.75 lakh shares at Rs 284 a share-Preferential allotment to Hathway Investments Private - 14.05 lakh equity shares
-Preferential allotment to P6 Asia Holding Investments IV Mauritius - 38.7 lakh shares
Other stocks and sectors that are in news today:-Government bars duty free import of TV sets from August 26
-Government won't seek IMF aid for forex: ET
- IDBI Bank , Kotak Mahindra Bank lock horns over sale of Deccan Chronicle assets: ET
- Canara Bank ups interest rates of some domestic term deposits applicable today
-Niyamgiri Gram Sabhas say emphatic no to Vedanta plant
- FACT transfers 5.54 crore shares to Special National Investment Fund to make company complaint with SEBI minimum public shareholding norms
- Ramky Infra : CRISIL revises rating outlook to CRISIL D on long term & short term bank facilities of company
- Reliance MediaWorks extends rights issue closing date to September 4
-Ex-Dividend: Gujarat Apollo Rs 10 (CMP Rs 101, market capitalisation Rs 167 crore)
RBI ups FDI limit in ARCs (Asset Reconstruction Companies) to 74 percent from 49 percent
RBI says:
-74 percent FDI limit in ARC would be combined limit of FDI & FII
-Total shareholding of individual FII shall not exceed 10 percent of total paid-up capital
-India's rating outlook stable
-India's Baa3 sovereign rating supported by credit strengths
-India's rating constrained by poor infrastructure, high government deficit
Govt sources say:
-May delay PSU bank recapitalisation if markets remain volatile
-PSU bank recapitalisation was planned for Q2FY14
-Hope Pension Bill will be passed in parliament today
-No contentions over FDI limits in Pension Bill
-Proposed FDI limits for Pension Bill to be same as those in Insurance Bill
Bharti Airtel to CNBC-TV18:
-Taken USD 500 million dollar dominated debt in India
-Have net cash against net debt on consolidated basis in India
-Dollar-rupee movement impacts only dollar dominated debt taken in India
-Have USD 10 billion global debt across operations
-No impact on international assets due to appreciation of Dollar
Forward Markets Commission (FMC) sources say
-Only Rs 68 crore collected in NSEL's escrow account so far
-FMC sends warning to NSEL, its management
FMC says:
-NSEL has not complied with directions of the commission
-NSEL was asked to disclose party-wise payment on website
-NSEL should disclose client wise payout positions of IBMA (Indian Bullion Market Association)
-NSEL is not furnishing correct or reliable details
-NSEL giving different information on different occasions
FMC asks NSEL:
-Reconcile differences in payout obligation to members
-No reliable information prior to 1st scheduled payout date
-Reconcile the trading member/client-wise obligation of IBMA
-Disclose names of all trading members supposed to get payout
-Disclose on website party-wise amount deposited in escrow account
-Reconcile the amount of pay-in due to NSEL and pay-out to be made
-Submit details of VAT amount due and to be collected from various members
-Doubts over reliability of payment figures by NSEL
-Will view any further instance of non-compliance seriously
-Necessary action would be initiated for non-compliance
Subramanian Swamy-Writes to Competition Commission of India (CCI) against Jet -Etihad Deal
-Deal to impact competition & Indian Air travellers
Karur Vysya Bank
-Ups base rate by 25 bps at 11 percent effective today
-Ups BPLR by 25 bps at 16 percent effective today
Infosys :
-Appoints 3 senior executives to executive council
-Appoints R D Mavinakere, Binod Hampapur Rangadore & N Radhakrishnan
-Mavinakere, Rangadore will drive cosy optimisation initiatives
-New executives will play key role in implementation of turnaround strategy
Hathway Cable board approves preferential allotment of 52.75 lakh shares at Rs 284 a share-Preferential allotment to Hathway Investments Private - 14.05 lakh equity shares
-Preferential allotment to P6 Asia Holding Investments IV Mauritius - 38.7 lakh shares
Other stocks and sectors that are in news today:-Government bars duty free import of TV sets from August 26
-Government won't seek IMF aid for forex: ET
- IDBI Bank , Kotak Mahindra Bank lock horns over sale of Deccan Chronicle assets: ET
- Canara Bank ups interest rates of some domestic term deposits applicable today
-Niyamgiri Gram Sabhas say emphatic no to Vedanta plant
- FACT transfers 5.54 crore shares to Special National Investment Fund to make company complaint with SEBI minimum public shareholding norms
- Ramky Infra : CRISIL revises rating outlook to CRISIL D on long term & short term bank facilities of company
- Reliance MediaWorks extends rights issue closing date to September 4
-Ex-Dividend: Gujarat Apollo Rs 10 (CMP Rs 101, market capitalisation Rs 167 crore)
RBI ups FDI limit in ARCs (Asset Reconstruction Companies) to 74 percent from 49 percent
RBI says:
-74 percent FDI limit in ARC would be combined limit of FDI & FII
-Total shareholding of individual FII shall not exceed 10 percent of total paid-up capital
Stocks
in Ban Period:
HDIL
Source:moneycontrol.com , nseindia.com
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