Nifty opened with gap up on the back of strong world markets but soon faltered loosing its gain. The budget speech by finance minister did nothing to cheer the markets. Markets stayed in tight range for better part of the day. Nifty stated gaining upward momentum after 2.30pm and made new high for the day.
The support for nifty is at 6065-6030-5990 and the resistance lies at 6095-6110-6144. Nifty February Future has been trading at 15-16 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 14.96 and for puts were at 15.11. India VIX closed at 15.83. PCR for Nifty based on open interest was at 1.04 and PCR for the day based on volumes was at 1.01 for the market.
Cash Market:
FII 2461.48 - 1938.66 = 522.82 Cr.
DII 490.88 - 736.05 = (245.17) Cr.
FII Derivatives Market:
Corporate Action:
Stocks In News:**
ABB India Ltd: The company is expected to report 223% YoY rise in net profit to Rs 55 crore for the quarter ended December 31, as compared to Rs 17 cr reported in the year ago period.
Gujarat Pipavav Port: The company is expected to report 27.8 per cent YoY rise in net profit to Rs 46 cr for the quarter ended December 31 as compared to Rs 36 cr reported in the year-ago period.
Tata Motors Ltd: Auto makers Tata Motors and General Motors India today announced they will cut prices of their products after Finance Minister P Chidambaram decided to reduce excise on automobiles in the interim Budget 2014-15.
NTPC Ltd: The board of state-run power producer NTPC has approved the 1,320-MW thermal power plant at Katwa in West Bengal, clearing the last hurdle for the long delayed project.
JSW Steel & Sesa Sterlite: The flagship companies controlled by metal tycoons, Sajjan Jindal and Anil Agarwal, are ranged against each other as Karnataka's steel makers and miners spar publicly over pricing of iron ore.
Adani Power & Jindal Steel: The government on Monday moved to cancel 10 coal blocks allocated to 18 companies, including Adani Power, Jindal Steel and Power, Rungta Mines and a joint venture between the Tatas and South African firm Sasol, acting on the recommendations of an inter-ministerial group (IMG).
GlaxoSmithKline Pharmaceuticals Ltd: The Britain-based GlaxoSmithKline Plc's voluntary open offer to the shareholders of its Indian subsidiary GlaxoSmithKline Pharmaceuticals ( GSK Pharma) is scheduled to start on Tuesday. The global healthcare major plans to invest Rs 6,390 crore to raise its stake in its Indian subsidiary to 75 per cent from the existing 50.67 per cent.
SBI: The State Bank of India (SBI) has decided to lend up to Rs 10,000 crore to six telecom companies that won airwaves in the bandwidth auction concluded last week, but will limit its exposure by taking assets as security for any loan, officials with the bank said on condition of anonymity.
Stocks in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
The support for nifty is at 6065-6030-5990 and the resistance lies at 6095-6110-6144. Nifty February Future has been trading at 15-16 points premium to the spot. The implied volatility on the Nifty October Options of ATM strike calls were at 14.96 and for puts were at 15.11. India VIX closed at 15.83. PCR for Nifty based on open interest was at 1.04 and PCR for the day based on volumes was at 1.01 for the market.
Cash Market:
FII 2461.48 - 1938.66 = 522.82 Cr.
DII 490.88 - 736.05 = (245.17) Cr.
FII Derivatives Market:
| In Cr | Buy | Sell | Net |
| INDEX FUTURES | 1158.40 | 922.27 | 236.13 |
| INDEX OPTIONS | 14035.39 | 13745.87 | 289.52 |
| STOCK FUTURES | 1473.88 | 1718.10 | -244.22 |
| STOCK OPTIONS | 1398.12 | 1440.14 | -42.02 |
Corporate Action:
| Ex-Date | Company | Purpose |
| 18-Feb-14 | Ashoka Buildcon Limited | Interim Dividend Re 0.70/- Per Share |
| 18-Feb-14 | Welspun Corp Limited | Scheme Of Arrangement |
| 18-Feb-14 | Manappuram Finance Limited | Interim Dividend Re 0.45/- Per Share |
| 18-Feb-14 | Steel Authority of India Limited | Interim Dividend - Rs 2.02/- Per Share (Purpose Revised) |
| 18-Feb-14 | Hikal Limited | Interim Dividend Rs 2/- Per Share |
Stocks In News:**
ABB India Ltd: The company is expected to report 223% YoY rise in net profit to Rs 55 crore for the quarter ended December 31, as compared to Rs 17 cr reported in the year ago period.
Gujarat Pipavav Port: The company is expected to report 27.8 per cent YoY rise in net profit to Rs 46 cr for the quarter ended December 31 as compared to Rs 36 cr reported in the year-ago period.
Tata Motors Ltd: Auto makers Tata Motors and General Motors India today announced they will cut prices of their products after Finance Minister P Chidambaram decided to reduce excise on automobiles in the interim Budget 2014-15.
NTPC Ltd: The board of state-run power producer NTPC has approved the 1,320-MW thermal power plant at Katwa in West Bengal, clearing the last hurdle for the long delayed project.
JSW Steel & Sesa Sterlite: The flagship companies controlled by metal tycoons, Sajjan Jindal and Anil Agarwal, are ranged against each other as Karnataka's steel makers and miners spar publicly over pricing of iron ore.
Adani Power & Jindal Steel: The government on Monday moved to cancel 10 coal blocks allocated to 18 companies, including Adani Power, Jindal Steel and Power, Rungta Mines and a joint venture between the Tatas and South African firm Sasol, acting on the recommendations of an inter-ministerial group (IMG).
GlaxoSmithKline Pharmaceuticals Ltd: The Britain-based GlaxoSmithKline Plc's voluntary open offer to the shareholders of its Indian subsidiary GlaxoSmithKline Pharmaceuticals ( GSK Pharma) is scheduled to start on Tuesday. The global healthcare major plans to invest Rs 6,390 crore to raise its stake in its Indian subsidiary to 75 per cent from the existing 50.67 per cent.
SBI: The State Bank of India (SBI) has decided to lend up to Rs 10,000 crore to six telecom companies that won airwaves in the bandwidth auction concluded last week, but will limit its exposure by taking assets as security for any loan, officials with the bank said on condition of anonymity.
Stocks in Ban Period:
NIL
Source:**economictimes.com , nseindia.com
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