Local benchmark S&P CNX -- Nifty -- extended its southward journey for second straight session and finished the session with the cut of over half a percent. Market made negative start, as India’s tally of coronavirus cases has risen to 11,173,572, with a daily increase of 16,824 in total cases. Death toll has reached 157,584, with 113 fatalities in a day. Further, market continued its trade below neutral line, as traders failed to took support with the government data showing that foreign direct investment (FDI) in India grew 40 percent to $51.47 billion during April-December 2020-21. India has attracted 22 percent higher FDI inflow (including re-invested earnings) of $67.54 billion during the first nine months of the current fiscal as against $55.14 billion in the same period of 2019-20. In late afternoon session, market added more losses even after India Ratings and Research’s report stated that Non-Bank Finance Companies (NBFCs) are estimated to witness a 9.5 per cent jump in their assets under management in FY22, after a growth moderation in FY21. Maintaining its ‘stable’ outlook on both NBFCs and HFCs for FY22, it said Housing Finance Companies (HFCs) will post a higher growth at 10 per cent as home sales go up. Finally, nifty ended the sluggish day of trade below 15000 mark.
All the sectoral indices ended in red. The top gainers from the F&O segment were Vedanta, ONGC and GAIL. On the other hand, the top losers were National Aluminium Company, Bank of Baroda and Apollo Tyres. In the index option segment, maximum OI continues to be seen in the 15200 - 16300 calls and 13,700 - 14,700 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility increased by 5.83% and reached 25.56. The 50 share Nifty down by 142.65 points or 0.95% to settle at 14,938.10.
Nifty March 2021 futures closed at 14983.00 (LTP) on Friday, at a premium of 44.90 points over spot closing of 14938.10, while Nifty April 2021 futures ended at 15058.90 (LTP), at a premium of 120.80 points over spot closing. Nifty March futures saw an addition of 13,871 units, taking the total open interest (Contracts) to 1,78,682 units. The near month derivatives contract will expire on March 25, 2021 (Provisional).
From the most active contracts, Reliance Industries March 2021 futures traded at a premium of 7.45 points at 2182.00 (LTP) compared with spot closing of 2174.55. The numbers of contracts traded were 62,651 (Provisional).
SBIN March 2021 futures traded at a premium of 1.40 points at 386.75 (LTP) compared with spot closing of 385.35. The numbers of contracts traded were 34,382 (Provisional).
ICICI Bank March 2021 futures traded at a premium of 2.95 points at 614.55 (LTP) compared with spot closing of 611.60. The numbers of contracts traded were 23,053 (Provisional).
Maruti Suzuki March 2021 futures traded at a premium of 19.00 points at 7270.00 (LTP) compared with spot closing of 7251.00. The numbers of contracts traded were 19,132 (Provisional).
Tata Motors March 2021 futures traded at a premium of 0.40 points at 326.85 (LTP) compared with spot closing of 326.45. The numbers of contracts traded were 18,867 (Provisional).
Among, Nifty calls, 15000 SP from the March month expiry was the most active call with an addition of 2,649 units open interests. Among Nifty puts, 14000 SP from the March month expiry was the most active put with an addition of 8,341 units open interests. The maximum OI outstanding for Calls was at 16000 SP (32,795 units) and that for Puts was at 14000 SP (51,590 units). The respective Support and Resistance levels of Nifty are: Resistance 15,066.27 --- Pivot Point 14,964.18 -- Support -- 14,836.02.
The Nifty Put Call Ratio (PCR) finally stood at (1.70) for March month contract. The top five scrips with highest PCR on Indus Tower (1.05), PVR (0.98), Grasim Industries (0.93), Hero Motocorp (0.88) and Vedanta (0.85).
Among most active underlying, SBIN witnessed an addition of 1,868 units of Open Interest in the March month futures contract followed by Tata Motors witnessed an addition 900 units of Open Interest in the March month futures contract, Reliance Industries witnessed an addition of 5,008 units of Open Interest in the March month futures contract, Wipro witnessed an addition of 3,108 units of Open Interest in the March month futures contract and ICICI Bank witnessed an addition of 3,355 units of Open Interest in the March month futures contract (Provisional).
