Nifty opened flat but managed to recover fast. The 200DMA has provided necessary support halting the fall. The market can move up to 6200 levels as long as 5950 is not broken. With most of the result season over now the market is keeping eyes on the forthcoming Loksabha election. Today however taking into consideration the cues from global market a sideways session is expected. The agitation against formation of Telangana state can be hindrance in market progress.
The
support for nifty is at 6104-6066-6031 and the resistance lies at 6154-6189-6224.
Nifty February Future has been trading at 11-12 points premium to the spot. The
implied volatility on the Nifty October Options of ATM strike calls were at
12.35 and for puts were at 13.01. India VIX closed at 14.53. PCR for Nifty
based on open interest was at 1.06 and PCR for the day based on volumes was at
1.02 for the market.
Cash
Market:
FII 2327.07 - 2034.84 = 292.23 Cr.
DII 738.64 - 893.47 = (154.83) Cr.
FII
Derivatives Market:
| IN Cr. | BUY | SELL | NET |
| INDEX FUTURES | 2128.73 | 1503.66 | 625.07 |
| INDEX OPTIONS | 17082.65 | 16127.55 | 955.10 |
| STOCK FUTURES | 1674.96 | 1962.67 | -287.71 |
| STOCK OPTIONS | 1287.34 | 1332.56 | -45.23 |
Stocks
In News:**
Power Grid Ltd: State-owned Power Grid Corp plans to invest more than Rs 61,000 crore in the next three financial years, with a significant chunk of funds to be raised by way of bonds and debentures.
ONGC & Oil India: ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have signed contracts to explore oil and gas in two areas in Bangladeshi waters. An equal joint venture of OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh.
Tech Mahindra & Financial Technologies: The word is out that Mahindra & Mahindra Group company Tech Mahindra has shown interest in buying a sizeable equity stake in Financial Technologies. While it's uncertain whether the ongoing negotiations will translate into a deal, ET learns that consultants have been hired to carry out a due diligence of FT.
Hero MotoCorp Ltd: Honda Motorcycle & Scooter India (HMSI) and Hero MotoCorp today slashed product prices after the excise duty reduction announced in the Interim Budget 2014-15. HMSI cut prices by up to Rs 7,600 while Hero MotoCorp reduced rates by up to Rs 4,500.
GMR Infrastructure Ltd: GMR Group today said it has sold its 74 per cent stake in a 73-km long highway project to India Infrastructure Fund (IIF).
JSPL Ltd: Jindal Steel and Power Ltd has bought back shares worth Rs 500 crore from the public, utilising just half the amount it had set apart for the buyback offer.
Hindalco & Tata Power: An inter-ministerial panel (IMG) has recommended deallocation of 29 coal blocks of companies such as Essar Power, Hindalco, Tata Power and Jindal Steel and Power Ltd, and has suggested "no action at present" for 30 other blocks.
ONGC & Oil India: ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have signed contracts to explore oil and gas in two areas in Bangladeshi waters. An equal joint venture of OVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh.
Tech Mahindra & Financial Technologies: The word is out that Mahindra & Mahindra Group company Tech Mahindra has shown interest in buying a sizeable equity stake in Financial Technologies. While it's uncertain whether the ongoing negotiations will translate into a deal, ET learns that consultants have been hired to carry out a due diligence of FT.
Hero MotoCorp Ltd: Honda Motorcycle & Scooter India (HMSI) and Hero MotoCorp today slashed product prices after the excise duty reduction announced in the Interim Budget 2014-15. HMSI cut prices by up to Rs 7,600 while Hero MotoCorp reduced rates by up to Rs 4,500.
GMR Infrastructure Ltd: GMR Group today said it has sold its 74 per cent stake in a 73-km long highway project to India Infrastructure Fund (IIF).
JSPL Ltd: Jindal Steel and Power Ltd has bought back shares worth Rs 500 crore from the public, utilising just half the amount it had set apart for the buyback offer.
Hindalco & Tata Power: An inter-ministerial panel (IMG) has recommended deallocation of 29 coal blocks of companies such as Essar Power, Hindalco, Tata Power and Jindal Steel and Power Ltd, and has suggested "no action at present" for 30 other blocks.
Stocks
in Ban Period:
AUROPHARMA
Source:**economictimes.com , nseindia.com
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