The local benchmark -- Nifty -- ended the Wednesday’s session with the gains of over half a percent. Market made positive start after Reserve Bank of India (RBI) Governor Shaktikanta Das said that the central bank will continue to monitor the emerging COVID-19 situation and will deploy all resources and instruments at its command for citizens, business entities, and institutions beleaguered by the second wave. Further, index continued its trade in green territory even after S&P Global Ratings’ statement that an ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year. It added that India's COVID wave will inevitably hit the recovery and could push growth below 10%.
Market added more gains in late afternoon session, as Reserve Bank of India (RBI) Governor Shaktikanta Das unveiled liquidity support measures amid rising Covid-19 cases in India. Shaktikanta Das said that the 2nd wave of COVID-19 in India has drastically altered the economic situation. He added that RBI will continue to monitor emerging situation, using all resources. Further, RBI announced fresh restructuring resolutions for individuals, small businesses and Micro, Small and Medium Enterprises (MSME) borrowers who have an aggregate exposure of upto Rs 25 crore. Finally, Nifty ended the day’s trade above 14600 mark.
Most of the sectoral indices ended in green except Realty. The top gainers from the F&O segment were Lupin, BHEL and P I Industries. On the other hand, the top losers were Adani Ports, Alembic Pharmaceuticals and Godrej Properties. In the index option segment, maximum OI continues to be seen in the 14700 -16700 calls and 13,900 -14,600 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 4.55% and reached 21.96. The 50 share Nifty up by 121.35 points or 0.84% to settle at 14,617.85.
Nifty May 2021 futures closed at 14694.20 (LTP) on Wednesday, at a premium of 76.35 points over spot closing of 14617.85, while Nifty June 2021 futures ended at 14730.05 (LTP), at a premium of 112.20 points over spot closing. Nifty May futures saw an addition of 450 units, taking the total open interest (Contracts) to 1,46,767 units. The near month derivatives contract will expire on May 27, 2021 (Provisional).
From the most active contracts, Vedanta May 2021 futures traded at a premium of 1.60 points at 269.90 (LTP) compared with spot closing of 268.30. The numbers of contracts traded were 30,966 (Provisional).
Lupin May 2021 futures traded at a premium of 8.50 points at 1211.50 (LTP) compared with spot closing of 1203.00. The numbers of contracts traded were 30,801 (Provisional).
Reliance Industries May 2021 futures traded at a premium of 8.00 points at 1929.50 (LTP) compared with spot closing of 1921.50. The numbers of contracts traded were 30,268 (Provisional).
Sun Pharmaceutical May 2021 futures traded at a premium of 5.30 points at 688.30 (LTP) compared with spot closing of 683.00. The numbers of contracts traded were 26,533 (Provisional).
SBIN May 2021 futures traded at a premium of 2.05 points at 358.50 (LTP) compared with spot closing of 356.45. The numbers of contracts traded were 26,430 (Provisional).
Among, Nifty calls, 15000 SP from the May month expiry was the most active call with an addition of 1,220 units open interests. Among Nifty puts, 14000 SP from the May month expiry was the most active put with an addition of 1,110 units open interests. The maximum OI outstanding for Calls was at 15000 SP (35,296 units) and that for Puts was at 14000 SP (46,925 units). The respective Support and Resistance levels of Nifty are: Resistance 14,668.30 -- Pivot Point 14,587.45 -- Support -- 14,537.00.
The Nifty Put Call Ratio (PCR) finally stood at (1.53) for May month contract. The top five scrips with highest PCR on Mphasis (6.79), Page Industries (2.33), PVR (1.28), Godrej Properties (1.23) and IRCTC (1.18).
Among most active underlying, Lupin witnessed an addition of 1,822 units of Open Interest in the May month futures contract, Vedanta witnessed an addition of 9,663 units of Open Interest in the May month futures contract, Sun Pharmaceutical witnessed an addition of 2,084 units of Open Interest in the May month futures contract, Tata Steel witnessed an addition of 25 units of Open Interest in the May month futures contract and Cadila Healthcare witnessed an addition of 627 units of Open Interest in the May month futures contract (Provisional).
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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