Nifty opened flat on expiry day but as anticipated by me it went up near the 6250 levels. The day had been of steady rise to make a high of 6245.8. The momentum has been strong and is more likely to fill the bearish gap left by the market. Nifty has also closed above the 61.8% of its fall from the 6355-5933 move. The 6268 level is a strong resistance Nifty has to conquer to attain the previous highs of 6355.
The support for nifty is at 6224-6180-6130 and the resistance lies at 6268-6330-6355.
Nifty October Future has been trading at 34 points premium to the spot. The
implied volatility on the Nifty October Options of ATM strike calls were at
10.84 and for puts were at 15.1. India VIX closed at 14.61. PCR for Nifty
based on open interest was at 1.73 and PCR for the day based on volumes was at
1.09 for the market.
CASH MARKET:
FII 4047.65 - 3536.5 = 511.15 Cr.
DII 1163.89 - 1415.8 = (251.91) Cr.
FII DERIVATIVES MARKET:
| In Cr. | BUY | SELL | NET |
| INDEX FUTURES | 3893.14 | 2509.42 | 1383.72 |
| INDEX OPTIONS | 12519.86 | 11651.78 | 868.08 |
| STOCK FUTURES | 9491.16 | 9857.83 | -366.67 |
| STOCK OPTIONS | 727.39 | 698.16 | 29.23 |
STOCKS IN NEWS:**
Titan Company Ltd: Watches and jewellery retailer Titan Co. Ltd. said it entered a joint venture with luxury goods maker Montblanc International GmbH for single brand retail trade in India, said media reports.
Coal India, NTPC: Coal India and its largest customer, NTPC Ltd, are at loggerheads over how to settle more than Rs 3,000 crore of arrears that the power producer has run up. NTPC is ready to pay up, but CIL is opposing a formula that the government has told the two state-run companies to follow for settling the payment.
ONGC & RIL: ONGC has that Reliance Industries is not cooperating with the state firm in its efforts to prevent RIL from drawing natural gas from the public sector unit's undeveloped fields that seem to extend into the controversial KG-D6 block.
United Spirits, JP Associates & Ranbaxy: Software company Tech Mahindra and liquor maker United Spirits, which is partially owned by Diageo PLC , would be included in India's NSE index from March 28, the National Stock Exchange (NSE) said.
The two stocks will replace Jaiprakash Associates and Ranbaxy Laboratories, NSE said in a circular on Thursday.
Tech Mahindra Ltd: The IT major said it had signed an agreement BASF to acquire the IT and consultancy services business of the chemical giant in a bid to strengthen its presence in Western Europe.
Shree Renuka Sugars Ltd: The company said on Thursday that its board has given in-principal approval for issuing shares to existing shareholders through the rights issue to raise Rs.725.4 crore.
Financial Technologies Ltd: Private equity firm India Value Fund Advisors (IVFA) has purchased National Bulk Handling Corporation, the warehousing arm of Financial Technologies (FTIL), for Rs300 crore, three people with direct knowledge of the development said.
BOSCH Ltd: The Bangalore-based manufacturer of automotive components to original equipment makers (OEMs), has planned a capital expenditure of Rs 600 crore during 2014, an increase of 20 per cent over the previous year, said media reports.
MCX Ltd: Jignesh Shah-promoted Financial Technologies (FTIL) today appointed a committee to oversee its restructuring plan, which includes divesting up to 24 per cent stake in the Multi-Commodities Exchange ( MCX), said media reports.
Tata Power Ltd: Tata Power Co. Ltd has agreed to sell a 30% stake in its Indonesian subsidiary, PT Mitratama Perkasa, to Indonesian conglomerate Bakrie Group for $120 million, said media reports.
Tata Motors Ltd: India's largest automobile company is exploring the possibility of setting up a manufacturing plant for Jaguar and Land Rover in Saudi Arabia, the Gulf kingdom's industry minister said on Thursday.
Coal India, NTPC: Coal India and its largest customer, NTPC Ltd, are at loggerheads over how to settle more than Rs 3,000 crore of arrears that the power producer has run up. NTPC is ready to pay up, but CIL is opposing a formula that the government has told the two state-run companies to follow for settling the payment.
ONGC & RIL: ONGC has that Reliance Industries is not cooperating with the state firm in its efforts to prevent RIL from drawing natural gas from the public sector unit's undeveloped fields that seem to extend into the controversial KG-D6 block.
United Spirits, JP Associates & Ranbaxy: Software company Tech Mahindra and liquor maker United Spirits, which is partially owned by Diageo PLC , would be included in India's NSE index from March 28, the National Stock Exchange (NSE) said.
The two stocks will replace Jaiprakash Associates and Ranbaxy Laboratories, NSE said in a circular on Thursday.
Tech Mahindra Ltd: The IT major said it had signed an agreement BASF to acquire the IT and consultancy services business of the chemical giant in a bid to strengthen its presence in Western Europe.
Shree Renuka Sugars Ltd: The company said on Thursday that its board has given in-principal approval for issuing shares to existing shareholders through the rights issue to raise Rs.725.4 crore.
Financial Technologies Ltd: Private equity firm India Value Fund Advisors (IVFA) has purchased National Bulk Handling Corporation, the warehousing arm of Financial Technologies (FTIL), for Rs300 crore, three people with direct knowledge of the development said.
BOSCH Ltd: The Bangalore-based manufacturer of automotive components to original equipment makers (OEMs), has planned a capital expenditure of Rs 600 crore during 2014, an increase of 20 per cent over the previous year, said media reports.
MCX Ltd: Jignesh Shah-promoted Financial Technologies (FTIL) today appointed a committee to oversee its restructuring plan, which includes divesting up to 24 per cent stake in the Multi-Commodities Exchange ( MCX), said media reports.
Tata Power Ltd: Tata Power Co. Ltd has agreed to sell a 30% stake in its Indonesian subsidiary, PT Mitratama Perkasa, to Indonesian conglomerate Bakrie Group for $120 million, said media reports.
Tata Motors Ltd: India's largest automobile company is exploring the possibility of setting up a manufacturing plant for Jaguar and Land Rover in Saudi Arabia, the Gulf kingdom's industry minister said on Thursday.
STOCKS IN BAN PERIOD:
NIL
Source:**economictimes.com , nseindia.com
No comments:
Post a Comment