As expected the markets stayed in the narrow range of 20 points but broke out in the last half an hour of trade. Taking into consideration weak global markets the nifty is expected to trade on the negative side.
The support for nifty is at 6132-6104-6076 and the resistance lies at 6188-6224-6266.
Nifty February Future has been trading at 6-7 points premium to the spot. The
implied volatility on the Nifty February Options of ATM strike calls were at
11.54 and for puts were at 13.61. India VIX closed at 15.07. PCR for Nifty
based on open interest was at 1.14 and PCR for the day based on volumes was at
1.04 for the market.
Cash
Market:
FII 1812.17 - 1343.7 = 468.47 Cr.
DII 458.89 - 797.63 = (338.74) Cr.
FII
Derivatives Market:
| IN Cr. | BUY | SELL | NET |
| INDEX FUTURES | 1095.16 | 913.63 | 181.53 |
| INDEX OPTIONS | 10544.47 | 10068.60 | 475.87 |
| STOCK FUTURES | 1516.03 | 1636.38 | -120.35 |
| STOCK OPTIONS | 1031.42 | 1100.97 | -69.55 |
Corporate
Action:
| Ex-Date | Company | Purpose |
| 20-Feb-14 | Sharon Bio-Medicine Limited | Bonus 1:1 / Face Value Split From 10/- To Face Value 2/- |
| 20-Feb-14 | Rural Electrification Corporation Limited | Interim Dividend - Rs 7.75/- Per Share (Purpose Revised) |
| 20-Feb-14 | Bajaj Corp Limited | Interim Dividend - Rs 6.50/- Per Share |
| 20-Feb-14 | Banco Products (I) Limited | Interim Dividend Re 1/- Per Share |
| 20-Feb-14 | Hexaware Technologies Limited | Interim Dividend Rs 7.5/- Per Share |
| 20-Feb-14 | Financial Technologies (India) Limited | Third Interim Dividend Rs.2/- Per Share (Purpose Revised) |
Stocks
In News:**
Hero MotoCorp Ltd: Country's largest two-wheeler maker Hero MotoCorp has decided to cut prices up to five per cent to pass on the benefit of excise duty cut announced by Union Finance Minister P Chidambaram in his interim Budget.
Kingfisher Airlines Ltd: Crisis-ridden Kingfisher Airlines' shares, amounting to over Rs 5.7 crore, have been sold by SBICAP Trustee Company. SBICAP has offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing.
Maruti Suzuki Ltd: The biggest relief came from Maruti Suzuki that controls more than 40 per cent of the 2.6 million Indian passenger car market. It dropped prices in the range ofRs 8,197 for its basic Maruti 800 model, going up to Rs 30,984 for its SX4 sedan.
Mahindra & Mahindra Ltd: Utility vehicle maker Mahindra & Mahindra too announced a reduction in prices of its passenger vehicle portfolio spanning from Rs 13,000 to Rs 49,000. The company cut prices of its premium SUV, the Rexton, by up to Rs 92,000. Japanese carmaker Honda Cars India also cut prices in the range of Rs 14,650 to Rs 44,741 for its Brio hatchback to the top-end CR-V range of vehicles.
NMDC: State-owned iron ore miner NMDC today approved a wage settlement pact that will hike pay for its 5,000 non-executives by up to Rs 12,000 a month. The financial implication of the revision was estimated to be around Rs 65 crore a year, said media reports.
Uflex Ltd: Income Tax department today carried out raids at 37 premises associated with Uflex Limited in nine cities and claimed to have found bogus sale worth Rs 100 crore alongwith unaccounted cash worth Rs 2 crore.
Elder Pharmaceuticals Ltd: Elder Pharmaceuticals has appointed consulting firm Deloitte for restructuring the company and its brands including 'Eldervit' following the sale of its formulation business to Torrent Pharmaceuticals for Rs 2,004 crore.
Infosys Ltd: Blaming wrong classification for showing assets as bad debt, state-owned United Bank of India (UBI) said the software system sourced from Infosys has "inherent deficiencies" in identifying quality of assets in certain categories.
NTPC Ltd: State-owned NTPC, which today laid the foundation stone for a 1,600-MW power plant in Madhya Pradesh, plans to set up two more projects in the state.
ITC Ltd: ITC is firming up plans to foray into non-carbonated beverages and dairy businesses next fiscal to establish itself as one of the largest food companies in the country, a senior industry executive aware of the company's plans said.
Kingfisher Airlines Ltd: Crisis-ridden Kingfisher Airlines' shares, amounting to over Rs 5.7 crore, have been sold by SBICAP Trustee Company. SBICAP has offloaded more than 1.69 crore shares valued at over Rs 5.7 crore, Kingfisher said in a regulatory filing.
Maruti Suzuki Ltd: The biggest relief came from Maruti Suzuki that controls more than 40 per cent of the 2.6 million Indian passenger car market. It dropped prices in the range ofRs 8,197 for its basic Maruti 800 model, going up to Rs 30,984 for its SX4 sedan.
Mahindra & Mahindra Ltd: Utility vehicle maker Mahindra & Mahindra too announced a reduction in prices of its passenger vehicle portfolio spanning from Rs 13,000 to Rs 49,000. The company cut prices of its premium SUV, the Rexton, by up to Rs 92,000. Japanese carmaker Honda Cars India also cut prices in the range of Rs 14,650 to Rs 44,741 for its Brio hatchback to the top-end CR-V range of vehicles.
NMDC: State-owned iron ore miner NMDC today approved a wage settlement pact that will hike pay for its 5,000 non-executives by up to Rs 12,000 a month. The financial implication of the revision was estimated to be around Rs 65 crore a year, said media reports.
Uflex Ltd: Income Tax department today carried out raids at 37 premises associated with Uflex Limited in nine cities and claimed to have found bogus sale worth Rs 100 crore alongwith unaccounted cash worth Rs 2 crore.
Elder Pharmaceuticals Ltd: Elder Pharmaceuticals has appointed consulting firm Deloitte for restructuring the company and its brands including 'Eldervit' following the sale of its formulation business to Torrent Pharmaceuticals for Rs 2,004 crore.
Infosys Ltd: Blaming wrong classification for showing assets as bad debt, state-owned United Bank of India (UBI) said the software system sourced from Infosys has "inherent deficiencies" in identifying quality of assets in certain categories.
NTPC Ltd: State-owned NTPC, which today laid the foundation stone for a 1,600-MW power plant in Madhya Pradesh, plans to set up two more projects in the state.
ITC Ltd: ITC is firming up plans to foray into non-carbonated beverages and dairy businesses next fiscal to establish itself as one of the largest food companies in the country, a senior industry executive aware of the company's plans said.
Stocks
in Ban Period:
AuropharmaSource:**economictimes.com , nseindia.com
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