After spending most of the time in red zone, S&P CNX – Nifty ended the session in green territory. Market made cautious start after the World Bank said that the debt burden of the world's low-income countries rose 12% to a record $860 billion in 2020 as countries responded to the COVID-19 crisis with massive fiscal, monetary, and financial stimulus packages. Further, market turned volatile and extended its losses, as sustained capital outflows by foreign investors and selling by retail investors ahead of earnings season beginning dampened investors’ sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,303.22 crore on Monday, exchange data showed. Besides India’s unemployment rate shot up to 8.86% for the week ended October 10 compared with 7.56% a week earlier. However, in last leg of trade, market wiped out all its losses to end the session at record closing high. Traders got support, as industry body PHDCCI said the economy is poised to achieve 10.25 per cent GDP growth in FY 2021-22 on the back of effective government policies, Reserve Bank’s accommodative policy stance and improved business sentiments.
Most of the sectoral indices ended in green except IT. The top gainers from the F&O segment were Bata India, National Aluminium Company and Titan Company. On the other hand, the top losers were Vodafone Idea, Torrent Power and HCL Tech. In the index option segment, maximum OI continues to be seen in the 18450 -18200 calls and 17400 -17700 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.47% and reached 15.85. The 50 share Nifty up by 46.00 points or 0.26% to settle at 17,991.95.
Nifty October 2021 futures closed at 18008.50 on Tuesday, at a premium of 16.55 points over spot closing of 17991.95, while Nifty November 2021 futures ended at 18041.45, at a premium of 49.50 points over spot closing. Nifty October futures saw an addition of 4,954 units, taking the total open interest (Contracts) to 2,54,561 units. The near month derivatives contract will expire on October 28, 2021 (Provisional).
From the most active contracts, SBIN October 2021 futures traded at a premium of 1.00 points at 484.00 (LTP) compared with spot closing of 483.00. The numbers of contracts traded were 34,726 (Provisional).
Tata Motors October 2021 futures traded at a premium of 1.05 points at 422.30 (LTP) compared with spot closing of 421.25. The numbers of contracts traded were 32,170 (Provisional).
Infosys October 2021 futures traded at a discount of 10.25 points at 1677.75 (LTP) compared with spot closing of 1688.00. The numbers of contracts traded were 29,390 (Provisional).
HCL Tech October 2021 futures traded at a discount of 2.95 points at 1251.05 (LTP) compared with spot closing of 1254.00. The numbers of contracts traded were 29,291 (Provisional).
ITC October 2021 futures traded at a premium of 0.85 points at 242.15 (LTP) compared with spot closing of 241.30. The numbers of contracts traded were 21,058 (Provisional).
Nifty October 2021 futures closed at 18008.50 on Tuesday, at a premium of 16.55 points over spot closing of 17991.95, while Nifty November 2021 futures ended at 18041.45, at a premium of 49.50 points over spot closing. Nifty October futures saw an addition of 4,954 units, taking the total outstanding open interest (Contracts) to 2,54,561 units. The near month derivatives contract will expire on October 28, 2021 (Provisional).
From the most active contracts, SBIN October 2021 futures traded at a premium of 1.00 points at 484.00 (LTP) compared with spot closing of 483.00. The numbers of contracts traded were 34,726 (Provisional).
Tata Motors October 2021 futures traded at a premium of 1.05 points at 422.30 (LTP) compared with spot closing of 421.25. The numbers of contracts traded were 32,170 (Provisional).
Infosys October 2021 futures traded at a discount of 10.25 points at 1677.75 (LTP) compared with spot closing of 1688.00. The numbers of contracts traded were 29,390 (Provisional).
HCL Tech October 2021 futures traded at a discount of 2.95 points at 1251.05 (LTP) compared with spot closing of 1254.00. The numbers of contracts traded were 29,291 (Provisional).
ITC October 2021 futures traded at a premium of 0.85 points at 242.15 (LTP) compared with spot closing of 241.30. The numbers of contracts traded were 21,058 (Provisional).
Among, Nifty calls, 18200 SP from the October month expiry was the most active call with a contraction of 1,105 units open interests. Among Nifty puts, 18000 SP from the October month expiry was the most active put with an addition of 284 units open interests. The maximum OI outstanding for Calls was at 18500 SP (35,969 units) and that for Puts was at 17500 SP (61,842 units). The respective Support and Resistance levels of Nifty are: Resistance 18,045.42 -- Pivot Point 17,955.18 -- Support -- 17,901.72.
The Nifty Put Call Ratio (PCR) finally stood at (1.56) for October month contract. The top five scrips with highest PCR on Titan Company (1.08), Balkrishna Industries (0.94), Bajaj Finserv (0.83), Tata Power (0.83) and Tata Motors (0.83).
Among most active underlying, Tata Motors witnessed a contraction of 1,719 units of Open Interest in the October month futures contract, Infosys witnessed an addition of 8,943 units of Open Interest in the October month futures contract, HCL Tech witnessed an addition of 4,630 units of Open Interest in the October month futures contract, SBIN witnessed an addition of 1,045 units of Open Interest in the October month futures contract and Tata Power witnessed an addition of 1,818 units of Open Interest in the October month futures contract (Provisional).
