Nifty traded in the range of 25 points for most of the day. In line with weak global markets Nifty opened gap down of 25 points to 612 levels. The index made a low of 6105 near the support of 6104 mentioned yesterday. The support put help nifty to pull back to the high of the day near 6130. The index broke the support on third time test due to very bad European opening around 2.45pm to make the low of 6086. Today the markets are expected to remain muted positive.
The support for nifty is at 6082-6043-5990 and the resistance lies at 6129-6160-6204.
Nifty February Future has been trading at 16-17 points premium to the spot. The
implied volatility on the Nifty February Options of ATM strike calls were at
14.14 and for puts were at 12.32. India VIX closed at 15.16. PCR for Nifty
based on open interest was at 1.03 and PCR for the day based on volumes was at 0.99 for the market.
Cash Market:
FII 2382.18 - 2175.72 = 206.46 Cr.
DII 457.4 - 1058.11 = (600.71) Cr.
FII Derivatives Market:
| IN Cr. | BUY | SELL | NET |
| INDEX FUTURES | 1254.50 | 1573.07 | -318.57 |
| INDEX OPTIONS | 12322.92 | 12306.57 | 16.35 |
| STOCK FUTURES | 1873.90 | 2198.76 | -324.86 |
| STOCK OPTIONS | 1145.11 | 1171.55 | -26.44 |
Corporate Action:
| Ex-Date | Company | Purpose |
| 21-Feb-14 | Kesar Terminals & Infrastructure Limited | Interim Dividend Rs 1.50/- Per Share |
| 21-Feb-14 | PI Industries Limited | Interim Dividend Re 0.50/- Per Share |
Stocks In News:**
Shree Renuka Sugars Ltd: Leading sugar firm Shree Renuka Sugars said it will sell 25.75 crore fresh equity shares to Singapore-based agri-business firm Wilmar International for Rs 517 crore in order to reduce the company's debt.
MCX Ltd: Multi Commodity Exchange (MCX), the only listed bourse in India, is planning to sell its stakes in MCX Stock Exchange (MCX-SX), MCX-SX Clearing Corporation and Dubai Gold and Commodity Exchange (DGCX) to raise around Rs 900 crore, said sources.
DCB Bank: Private sector DCB Bank today said it has sought extension of deadline from the Reserve Bank to dilute promoter stake to 10 per cent, citing prevailing poor market conditions.
Bharti Airtel Ltd: Bharti Airtel, which operates in 20 countries across Asia and Africa said that it would move the Supreme Court of Nigeria against a February 14 judgment of the Court of Appeals, Lagos, which ruled in favour of Econet Wireless of Nigeria, said media reports.
ABB Ltd: ABB, a leading power and automation technology group, today said it has won orders worth around Rs 310 crore from Power Grid Corporation of India Ltd to supply power transformers and shunt reactors.
HMT Ltd: Government today announced a financial package of about Rs 77.4 crore for the state-run HMT Limited and its subsidiary HMT Machine tools Ltd to make payments of salary, wages and statutory dues such as PF and gratuity to its employees, said media reports.
JSPL: Jindal Steel and Power Ltd (JSPL), a leading manufacturer of flat and long steel products in the country, today said it was hoping for normal consumption growth in the steel sector during the coming financial year, said media reports.
Apollo Hospitals Ltd: Leading super speciality hospital chain Apollo Hospitals Ltd has lined up an investment of Rs 2,000 crore in the next 2-3 years for adding 2,000 new beds, said media reports.
NTPC Ltd: The state run NTPC is all set to get another power project in Bihar. This 1.320 MW project would be set up through a joint venture company with the PSU and the state government's power production company, said media reports.
India Infoline Ltd: India Infoline Housing Finance Ltd (IIHFL) is planning to garner up to Rs 200 crore through non-convertible debentures to support its financing activities.
MCX Ltd: Multi Commodity Exchange (MCX), the only listed bourse in India, is planning to sell its stakes in MCX Stock Exchange (MCX-SX), MCX-SX Clearing Corporation and Dubai Gold and Commodity Exchange (DGCX) to raise around Rs 900 crore, said sources.
DCB Bank: Private sector DCB Bank today said it has sought extension of deadline from the Reserve Bank to dilute promoter stake to 10 per cent, citing prevailing poor market conditions.
Bharti Airtel Ltd: Bharti Airtel, which operates in 20 countries across Asia and Africa said that it would move the Supreme Court of Nigeria against a February 14 judgment of the Court of Appeals, Lagos, which ruled in favour of Econet Wireless of Nigeria, said media reports.
ABB Ltd: ABB, a leading power and automation technology group, today said it has won orders worth around Rs 310 crore from Power Grid Corporation of India Ltd to supply power transformers and shunt reactors.
HMT Ltd: Government today announced a financial package of about Rs 77.4 crore for the state-run HMT Limited and its subsidiary HMT Machine tools Ltd to make payments of salary, wages and statutory dues such as PF and gratuity to its employees, said media reports.
JSPL: Jindal Steel and Power Ltd (JSPL), a leading manufacturer of flat and long steel products in the country, today said it was hoping for normal consumption growth in the steel sector during the coming financial year, said media reports.
Apollo Hospitals Ltd: Leading super speciality hospital chain Apollo Hospitals Ltd has lined up an investment of Rs 2,000 crore in the next 2-3 years for adding 2,000 new beds, said media reports.
NTPC Ltd: The state run NTPC is all set to get another power project in Bihar. This 1.320 MW project would be set up through a joint venture company with the PSU and the state government's power production company, said media reports.
India Infoline Ltd: India Infoline Housing Finance Ltd (IIHFL) is planning to garner up to Rs 200 crore through non-convertible debentures to support its financing activities.
Stocks in Ban Period:
AUROPHARMA
Source:**economictimes.com , nseindia.com
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