Nifty gains for fourth consecutive day
21-Oct-2020 17:37 Hrs IST S&P CNX Nifty extended its gains on Wednesday with surpassing its psychological level of 11,900. Market made a positive start, as support came with Commerce and Industry Ministry’s statement that foreign direct investment (FDI) in India has increased by 16 per cent year-on-year to $27.1 billion during April-August this year. During April-August last year, India had received FDI worth $23.35 billion. Market maintained its gaining momentum after ratings agency ICRA said India's economic recovery has broadened and strengthened in September from the pandemic-induced lows seen in April 2020. ICRA said that as many as nine of the tracked 15 non-financial high frequency indicators recorded growth in September 2020, while five posted a narrower year-on-year contraction in that month. However, in late afternoon session index erased all its gains to enter into negative territory, as RBI analysis showing that aggregate sales of private sector manufacturing companies recorded a sharp contraction of 41.1 per cent year-on-year in the first quarter of 2020-21, reflecting the impact of the pandemic induced lockdown. But, market recouped from losses to end the session in green zone. Most of the sectoral indices ended in green except Auto, FMGC and IT. The top gainers from the F&O segment were Godrej Properties, Apollo Tyres and Power Grid Corporation. On the other hand, the top losers were Britannia Industries, Mindtree and Adani Enterprises. In the index option segment, maximum OI continues to be seen in the 12,000 - 12,700 calls and 10,000 - 10,900 puts indicating this is the trading range expectation.India Volatility Index (VIX), a gauge for market’s short term expectation of volatility increased by 0.99% and reached 22.92.The 50 share Nifty up by 40.85 points or 0.34% to settle at 11,937.65.Nifty October 2020 futures closed at 11929.40 (LTP) on Wednesday, at a discount of 8.25 points over spot closing of 11937.65, while Nifty November 2020 futures ended at 11953.30 (LTP), at a premium of 15.65 points over spot closing. Nifty October futures saw an addition of 7,643 units, taking the total open interest (Contracts) to 1,51,981. The near month derivatives contract will expire on October 29, 2020. From the most active contracts, Bajaj Finance October 2020 futures traded at a premium of 6.80 points at 3258.80 (LTP) compared with spot closing of 3252.00. The numbers of contracts traded were 47,987. Reliance Industries October 2020 futures traded at a premium of 4.95 points at 2127.60 (LTP) compared with spot closing of 2122.65. The numbers of contracts traded were 44,825. ICICI Bank October 2020 futures traded at a premium of 0.60 points at 421.05 (LTP) compared with spot closing of 420.45. The numbers of contracts traded were 41,728. Indusind Bank October 2020 futures traded at a premium of 1.35 points at 628.65 (LTP) compared with spot closing of 627.30. The numbers of contracts traded were 28,838. HDFC Bank October 2020 futures traded at a premium of 2.00 points at 1247.25 (LTP) compared with spot closing of 1245.25. The numbers of contracts traded were 28,542.Among, Nifty calls, 12000 SP from the October month expiry was the most active call with a contraction of 294 units open interests. Among Nifty puts, 11800 SP from the October month expiry was the most active put with an addition of 1,235 units open interests. The maximum OI outstanding for Calls was at 12500 SP (34,763 units) and that for Puts was at 10500 SP (44,497 units). The respective Support and Resistance levels of Nifty are: Resistance 12,045.62 -- Pivot Point 11,910.68 -- Support --11,802.72.The Nifty Put Call Ratio (PCR) finally stood at (1.39) for October month contract. The top five scrips with highest PCR on JSW Steel (1.08), Axis Bank (1.03), HDFC (0.99), Apollo Tyres (0.98) and Container Corporation of India (0.86).Among most active underlying, Reliance Industries witnessed an addition of 937 units of Open Interest in the October month futures contract followed by Bajaj Finance witnessed an addition of 1,495 units of Open Interest in the October month futures contract, ICICI Bank witnessed an addition of 3,775 units of Open Interest in the October month futures contract, Infosys witnessed an addition of 1,641 units of Open Interest in the October month futures contract and HDFC Bank witnessed an addition of 2,909 units of Open Interest in the October month futures contract (Provisional).
16:58Nifty October 2020 futures close at a discount of 8.25 points over spot closing08:52FIIs were net sellers of Rs 1351.32 crore in index futures and options segments on October 20 08:51F&O total turnover stood at Rs 16,85,766.70 crore on October 2017:33Nifty manages to end in green 16:59Nifty October 2020 futures close at a discount of 1.50 points over spot closing 08:54FIIs were net buyers of Rs 105.98 crore in index futures and options segments on October 1908:53F&O total turnover stood at Rs 16,35,133.63 crore on October 1917:35Nifty ends with healthy gains