The local benchmark -- Nifty -- ended the Monday’s trade with the gains of above half a percent. Market made positive start, after among major Indian states, Delhi, Tamil Nadu, Uttar Pradesh, Maharashtra and Gujarat have announced the partial lifting of restrictions from today. Further, market maintained its gains in green zone, as GST tax collections remained above Rs 1 lakh crore mark for the eighth straight month in May, indicating that the impact of the devastating second wave of Covid infections on the economy may have been limited. Traders ignored that India’s rank slipped by two places from last year to 117 on the 17 Sustainable Development Goals (SDGs) adopted as a part of the 2030 agenda by 193 United Nations member states in 2015. The State of India’s Environment Report 2021 revealed that India’s rank was 115 last year and dropped by two places primarily because major challenges like ending hunger and achieving food security (SDG 2), achieving gender equality (SDG 5) and building resilient infrastructure, promoting inclusive and sustainable industrialisation and fostering innovation (SDG 9) remain in the country.
In late afternoon session, market added more points to touch intraday high point with NITI Aayog Vice-Chairman -- Rajiv Kumar stating that he is confident that every organisation will revise their growth projections to 10-10.5 per cent once they witness the growth rate by October. He said the recovery will start from June itself and will get pace from July. He is hopeful that pandemic will not have much impact on fiscal deficit and disinvestment targets.
Traders were seen piling positions in Auto, Bank and FMGC sector while selling was witnessed in Metal, Pharma and Realty sector stocks. The top gainers from the F&O segment were IRCTC, Torrent Power and Adani Ports. On the other hand, the top losers were Adani Enterprises, Indiabulls Housing Finance and NMDC. In the index option segment, maximum OI continues to be seen in the 15600 -16500 calls and 13500 -15,300 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 2.33% and reached 15.57. The 50 share Nifty up by 81.40 points or 0.52% to settle at 15,751.65.
Nifty June 2021 futures closed at 15781.65 (LTP) on Monday, at a premium of 30 points over spot closing of 15751.65, while Nifty July 2021 futures ended at 15834.00 (LTP), at a premium of 82.35 points over spot closing. Nifty June futures saw an addition of 5,936 units, taking the total open interest (Contracts) to 1,46,260 units. The near month derivatives contract will expire on June 24, 2021 (Provisional).
From the most active contracts, Reliance Industries June 2021 futures traded at a premium of 2.95 points at 2228.00 (LTP) compared with spot closing of 2225.05. The numbers of contracts traded were 49,390 (Provisional).
Adani Ports June 2021 futures traded at a premium of 4.60 points at 882.50 (LTP) compared with spot closing of 877.90. The numbers of contracts traded were 34,444 (Provisional).
Bajaj Finance June 2021 futures traded at a premium of 29.90 points at 5755.90 (LTP) compared with spot closing of 5726.00. The numbers of contracts traded were 32,185 (Provisional).
Tata Motors June 2021 futures traded at a premium of 1.50 points at 345.85 (LTP) compared with spot closing of 344.35. The numbers of contracts traded were 27,155 (Provisional).
Adani Enterprises June 2021 futures traded at a premium of 7.70 points at 1632.70 (LTP) compared with spot closing of 1625.00. The numbers of contracts traded were 23,153 (Provisional).
Among, Nifty calls, 16000 SP from the June month expiry was the most active call with a contraction of 1,876 units open interests. Among Nifty puts, 15700 SP from the June month expiry was the most active put with an addition of 3,870 units open interests. The maximum OI outstanding for Calls was at 16000 SP (32,710 units) and that for Puts was at 15000 SP (43,487 units). The respective Support and Resistance levels of Nifty are: Resistance 15,790.70 -- Pivot Point 15,734.40 -- Support -- 15,695.35.
The Nifty Put Call Ratio (PCR) finally stood at (1.61) for June month contract. The top five scrips with highest PCR on Adani Enterprises (1.13), PVR (1.05), Hindustan Petroleum Corporation (0.93), Muthoot Finance (0.85) and UPL (0.79).
Among most active underlying, Adani Enterprises witnessed an addition of 1,653 units of Open Interest in the June month futures contract, Adani Ports witnessed a contraction of 444 units of Open Interest in the June month futures contract, Reliance Industries witnessed an addition of 2,605 units of Open Interest in the June month futures contract, Tata Motors witnessed an addition of 415 units of Open Interest in the June month futures contract and Bajaj Finance witnessed an addition of 2,747 units of Open Interest in the June month futures contract (Provisional).
