Nifty – ended first trading session of 2022 near intraday high point. India VIX jumped 1.41%. Shares of YES Bank, RBL Bank, GMR Infra and Suzlon Energy were among the most traded shares on the NSE. Market made positive start, as the Finance Ministry said GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year. The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore, of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore and cess is Rs 9,389 crore. Further, market added more points as traders took support as growth of eight core infrastructure industries grew 3.1 percent in November 2021 as against 1.1 percent contraction in same month last year. In October 2021, these core sectors' output had grown by 8.4 percent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Market maintained upward momentum till the end amid reports that non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. Finally, Nifty ended the session above 17600 mark.
Most of the sectoral indices ended in green except Pharma and Healthcare Index. The top gainers from the F&O segment were Coal India, Federal Bank and Eicher Motors. On the other hand, the top losers were UBL, Laurus Labs and Rain Industries. In the index option segment, maximum OI continues to be seen in the 17850 -18200 calls and 16900 -17050 puts indicating this is the trading range expectation.
India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 1.41% and reached 16.45. The 50 share Nifty up by 271.65 points or 1.57% to settle at 17,625.70.
Nifty January 2022 futures closed at 17691.90 (LTP) on Monday, at a premium of 66.20 points over spot closing of 17625.70, while Nifty February 2022 futures ended at 17737.00 (LTP), at a premium of 111.30 points over spot closing. Nifty January futures saw an addition of 12,066 units, taking the total outstanding open interest (contracts) to 2,17,555 units. The near month derivatives contract will expire on January 27, 2022 (Provisional).
From the most active contracts, TCS January 2022 futures traded at a discount of 4.90 points at 3810.10 (LTP) compared with spot closing of 3815.00. The numbers of contracts traded were 25,881 (Provisional).
Reliance Industries January 2022 futures traded at a premium of 6.65 points at 2414.60 (LTP) compared with spot closing of 2407.95. The numbers of contracts traded were 24,619 (Provisional).
HDFC Bank January 2022 futures traded at a premium of 7.20 points at 1527.00 (LTP) compared with spot closing of 1519.80. The numbers of contracts traded were 20,583 (Provisional).
ICICI Bank January 2022 futures traded at a premium of 3.30 points at 768.80 (LTP) compared with spot closing of 765.50. The numbers of contracts traded were 20,191 (Provisional).
Tata Steel January 2022 futures traded at a premium of 6.50 points at 1156.50 (LTP) compared with spot closing of 1150.00. The numbers of contracts traded were 16,851 (Provisional).
Among, Nifty calls, 18000 SP from the January month expiry was the most active call with a contraction of 1,298 units open interests. Among Nifty puts, 17500 SP from the January month expiry was the most active put with an addition of 12,813 units open interests. The maximum OI outstanding for Calls was at 18000 SP (38,452 units) and that for Puts was at 17000 SP (67,769 units). The respective Support and Resistance levels of Nifty are: Resistance 17,720.47 -- Pivot Point 17,551.88 -- Support -- 17,457.12.
The Nifty Put Call Ratio (PCR) finally stood at (1.61) for January month contract. The top five scrips with highest PCR on PVR (1.34), IOC (1.21), Dalmia Bharat (1.13), Indigo (0.95) and PEL (0.95).
Among most active underlying, Tata Motors witnessed an addition of 727 units of Open Interest in the January month futures contract, ICICI Bank witnessed an addition of 208 units of Open Interest in the January month futures contract, HDFC Bank witnessed an addition of 1,753 units of Open Interest in the January month futures contract, Reliance Industries witnessed a contraction of 449 units of Open Interest in the January month futures contract and TCS witnessed an addition of 1,454 units of Open Interest in the January month futures contract (Provisional).
