Key equity benchmark--Nifty-- closed the volatile trading session on lower note by settling just below the psychological 12025 level. After getting positive start, nifty showed some strength in morning trades, as traders took some support with report that Union Cabinet approved the launch of an exchange-traded fund (ETF) for bonds to create an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions. Some comfort also came with a private report indicating that India's gross domestic product (GDP) to grow at 5.8 percent for the financial year 2019-20. Further, index started alter between green and red territory, as traders were concerned with World Bank’s statement that India faces twin threats to its income from global trade which makes up 48 per cent of India’s GDP - rise of protectionism and trade wars and technological change. But, in the late trade, market lost its way and ended day’s trade in negative zone, as investors got wary as Reserve Bank of India (RBI) kept the key policy rate unchanged at 5.15% and decided to continue with its accommodative stance to support the economy. It also sharply lowered the growth forecast for the current financial year to 5 percent from the earlier estimate of 6.1 percent on account weak domestic and external demand.Most of the NSE sectoral indices ended in red, except FMGC, IT and Media. The top gainers from the F&O segment Tata Elxsi, Equitas Holdings and Zee Entertainment Enterprises. On the other hand, the top losers were Jindal Steel & Power, InterGlobe Aviation and Vodafone Idea. In the index option segment, maximum OI continues to be seen in the 12200 - 12,700 calls and 11,700 - 12,200 puts indicating this is the trading range expectation.India Volatility Index (VIX), a gauge for market’s short term expectation of volatility increased by 7.37% and reached 14.30.The 50 share Nifty was down by 24.80 points or 0.21% to settle at 12,018.40.Nifty December 2019 futures closed at 12043.75 (LTP) on Thursday, at a premium of 25.35 points over spot closing of 12018.40, while Nifty January 2019 futures ended at 12091.25(LTP), at a premium of 72.85 points over spot closing. Nifty December futures saw an addition of 0.21 million (mn) units, taking the total outstanding open interest (OI) to 13.87 mn units. The near month derivatives contract will expire on December 26, 2019 (Provisional).From the most active contracts, ICICI Bank December 2019 futures traded at a discount of 0.45 points at 527.00 (LTP) compared with spot closing of 527.45. The numbers of contracts traded were 36,354 (Provisional).Zee Entertainment Enterprises December 2019 futures traded at a premium of 0.75 points at 299.50 (LTP) compared with spot closing of 298.75. The numbers of contracts traded were 28,642 (Provisional).State Bank of India December 2019 futures traded at a premium of 0.80 points at 336.80 (LTP) compared with spot closing of 336.00. The numbers of contracts traded were 28,323 (Provisional).Reliance Industries December 2019 futures traded at a premium of 8.00 points at 1559.00 (LTP) compared with spot closing of 1551.00. The numbers of contracts traded were 25,604 (Provisional).Yes Bank December 2019 futures traded at a discount of 2.25 points at 59.70 (LTP) compared with spot closing of 61.95. The numbers of contracts traded were 22,493 (Provisional).Among, Nifty calls, 12100 SP from the December month expiry was the most active call with an addition of 0.005 million open interests. Among Nifty puts, 12000 from the December month expiry was the most active put with an addition of 0.010 units open interests. The maximum OI outstanding for Calls was at 12500 SP (1.87 mn) and that for Puts was at 12000 SP (3.23 mn). The respective Support and Resistance levels of Nifty are: Resistance 12,066.82 -- Pivot Point 12,032.78 -- Support -- 11,984.37.The Nifty Put Call Ratio (PCR) finally stood at 1.17 for December month contract. The top five scrips with highest PCR on Just Dial (1.22), Shriram Transport Finance Company (1.18), Tata Consultancy Services (1.09), Shree Cement (1.00) and Bajaj Finance (0.96).Among most active underlying, State Bank of India witnessed an addition of 3.79 million units of Open Interest in the December month futures contract, followed by Reliance Industries witnessing an addition of 0.89 million units of Open Interest in the December month contract, ICICI Bank witnessed an addition of 1.39 million units of Open Interest in the December month contract, Larsen & Toubro witnessed an addition of 1.23 million units of Open Interest in the December month contract and Bharti Airtel witnessed an addition of 0.38 million units of Open Interest in the December month future contract (Provisional).
Join the community of Happy Traders !
Open your demat account today
The Indira Group founded in the year 1987 and since then it has set a benchmark
for the quality services and a very special personal touch. It has reached out deep
into the souls of investment class [right from corporate, to HNI’s, to conscious
indira securities pvt.ltd. (sebi reg.no.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID:
17000 SEBI REG. NO.: INZ000188930, PMS SEBI REG. NO. INP000005018, CDSL DP- IN-DP-CDSL-75-2000
indira commodities pvt. ltd.: MCX TMID: 12375, NCDEX TMID: 00078, SEBI REG. NO.
"Investment in securities market are subject to market risks, read all the related
documents carefully before investing."
All reasonable care has been taken to ensure that the information contained herein
is not misleading or untrue at the time of publication. However, we make no long
standing commitment as to its accuracy or completeness. All information is for the
private use of the person to whom it is provided without any liability whatsoever
on the part of INDIRA SECURITIES PVT. LTD. or any associated company or any member
of employee thereof.
The company INDIRA SECURITIES PVT. LTD. may have open and investment
interest in the stocks mentioned herein. Nothing contained herein should be construed
as an offer to buy or sell or a solicitation of an offer to buy or sell. The value
of any investment may fall as well as rise. Investors are advised to avail personal
counseling from our research or dealing desk if they wish for any further clarity
or clarifications in the understanding on various aspects of investment.
INDIRA SECURITIES PVT. LTD. is strongly committed to every individual's
right to privacy and to keeping personal and financial information secure. As part
of the effort to earn your trust and confidence in our commitment, we are fully
disclosing our privacy practices. We therefore encourage you to read our privacy
statement to familiarize and understand the types of personally identifiable information
we collect and how we use this information.
INDIRA SECURITIES PVT. LTD. only collects the necessary personally
identifiable information in order to respond to your requests for our customized
products and services. Personally identifiable information is defined as any information
that identifies or can be used to identify, contact, or locate the person to whom
such information pertains. Such information pertinent to the site includes, but
is not limited to, first and last name, physical address, e-mail address, phone
number, birth date, and any other information that itself identifies or when tied
to the above information, may identify you as a specific individual.
INDIRA SECURITIES PVT. LTD. only collects personally identifiable information
about you when you specifically and knowingly provide it. The site collects your
information in order to record and support your participation in the activities
you select. If you subscribe to a service or register a product, for example, the
information is used to register your rights, if any, to technical support or other
benefits that may be made available to registered users.
INDIRA SECURITIES PVT. LTD. may also carefully select other companies
to send you information about their products or services which are related to the
site's service but are not necessary to its operation (an "Extended Service"). If
INDIRA SECURITIES PVT. LTD. intends to use personally identifiable information for
an Extended Service, the INDIRA SECURITIES PVT. LTD. site will also provide you
with the ability and requisite instructions to decline this service. You may also
stop the delivery of informational or promotional mail from INDIRA SECURITIES PVT.
LTD. by following the instructions on the mail.
INDIRA SECURITIES PVT. LTD. may disclose personally identifiable information
if required to do so by law or in the good-faith belief that such action is necessary
to : -
Availabe on App Store & Play Store.