Equity & Derivatives

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25-Apr-2019   17:56 Hrs IST Nifty ends into red zone; breaches 10,650 mark <p align="justify">Wiping out all of its gains, S&amp;P CNX Nifty ended in red terrain on Thursday, amid weak global markets. Market made a cautions start but soon gained some momentum, as traders took some support with a report that giving relief to composition scheme taxpayers under the GST, the finance ministry has allowed such businesses to file self-assessed tax return on quarterly basis in a simplified form. In yet another simplification, the Goods and Services Tax (GST) Council has added flexibility into the way a company can utilise the available input tax credit. Some support also came with a report that Finance Ministry introduced several changes in the electronic way or e-way bill system, ranging from auto calculation of distance based on PIN codes for generation of e-way bill to barring businesses from generating multiple e-way bills based on one invoice, as it seeks to cracks down evasion in the goods and services tax (GST) framework.</p><p align="justify">However, in the second half of the session, key index turned volatile and erased all of its gains, as traders got anxious with a private report stating that Indians are becoming increasingly worried about the economy's condition, with fewer citizens believing that the local economy is getting better. Sentiments on the street also weakened, after World Bank forecasted slowdown in East Asia and Pacific economies in 2019. Growth of East Asia and the Pacific (EAP) will remain at 6.0 per cent in 2019, which is down from 6.3 per cent in 2018. Different factors marred slow growth in major economies which suffered due to economic policies.<br></p><p align="justify"></p><p align="justify">All sectoral indices ended in red on NSE except Realty. The top gainers from the F&amp;O segment were UltraTech Cement, Grasim Industries and CG Power and Industrial Solutions. On the other hand, the top losers were Bharti Infratel, Mahindra &amp; Mahindra Financial Services and Adani Power. In the index option segment, maximum OI continues to be seen in the 11,800-12,200 calls and 10,800-11,200 puts indicating this is the trading range expectation.</p><p align="justify"><img width="677" height="353" alt="" src="http://123.108.34.150/News/News/UploadFiles/25-04-2019.jpg"><br></p><p align="justify">India Volatility Index (VIX), a gauge for market's short term expectation of volatility decreased by 2.02% and reached 23.23. The 50-share Nifty was down by 84.35 points 0.72% to settle at 11,641.80.</p><p align="justify">Nifty May 2019 futures closed at 11730.85 on Thursday, at a premium of 89.05 points over spot closing of 11641.80, while Nifty June 2019 futures ended at 11773.20, at a premium of 131.40 points over spot closing. Nifty May futures saw an addition of 7.18million (mn) units, taking the total outstanding open interest (OI) to 19.22mn units. The near month derivatives contract will expire on May 30, 2019. </p><p align="justify">From the most active contracts, Reliance Industries May 2019 futures traded at a premium of 14.15 points at 1384.15 compared with spot closing of 1370.00. The numbers of contracts traded were 50,189. </p><p align="justify">Maruti Suzuki India May 2019 futures traded at a premium of 89.20 points at 6969.20 compared with spot closing of 6880.00. The numbers of contracts traded were 47,420. </p><p align="justify">Yes Bank May 2019 futures traded at a premium of 1.55 points at 238.80 compared with spot closing of 237.25. The numbers of contracts traded were 46,042. </p><p align="justify">HDFC Bank May 2019 futures traded at a premium of 19.85 points at 2282.10 compared with spot closing of 2262.25. The numbers of contracts traded were 28,914. </p><p align="justify">Indiabulls Housing Finance May 2019 futures traded at a discount of 5.25 points at 730.35 compared with spot closing of 735.60. The numbers of contracts traded were 25,847. </p><p align="justify">Among Nifty calls, 11,800 SP from the May month expiry was the most active call with an addition of 0.14 million open interests. Among Nifty puts, 11,700 from the May month expiry was the most active put with an addition of 0.14 million open interests. The maximum OI outstanding for Calls was at 12,000 SP (1.05mn) and that for Puts was at 11,000 SP (2.33 mn). The respective Support and Resistance levels of Nifty are: Resistance 11,750.93 ---- Pivot Point 11,687.62 --- Support --- 11,578.48.</p><p align="justify">The Nifty Put Call Ratio (PCR) finally stood at 1.30 for May month contract. The top five scrips with highest PCR on OI were Mindtree (3.02), Chennai Petroleum Corporation (2.50), NIIT Technologies (2.29), Amara Raja Batteries (2.00) and Gujarat State Fertilizers and Chemicals (1.80).</p><p align="justify">Among most active underlying, Reliance Industries witnessed an addition of 11.17 million units of Open Interest in the May month futures contract, followed by Maruti Suzuki India witnessing an addition of 0.65 million units of Open Interest in the May month contract, UltraTech Cement witnessed an addition of 0.35 million units of Open Interest in the May month contract, Yes Bank witnessed an addition of 25.30 million units of Open Interest in the May month contract and Axis Bank witnessed an addition of 0.29 million units of Open Interest in the May month future contract. <br></p>
25-Apr-2019   17:40 Hrs IST Nifty May 2019 futures close at a premium of 89.05 points over spot closing <p align="justify">Nifty May 2019 futures closed at 11730.85 on Thursday, at a premium of 89.05 points over spot closing of 11641.80, while Nifty June 2019 futures ended at 11773.20, at a premium of 131.40 points over spot closing. Nifty May futures saw an addition of 7.18million (mn) units, taking the total outstanding open interest (OI) to 19.22mn units. The near month derivatives contract will expire on May 30, 2019. </p><p align="justify">From the most active contracts, Reliance Industries May 2019 futures traded at a premium of 14.15 points at 1384.15 compared with spot closing of 1370.00. The numbers of contracts traded were 50,189. </p><p align="justify">Maruti Suzuki India May 2019 futures traded at a premium of 89.20 points at 6969.20 compared with spot closing of 6880.00. The numbers of contracts traded were 47,420. </p><p align="justify">Yes Bank May 2019 futures traded at a premium of 1.55 points at 238.80 compared with spot closing of 237.25. The numbers of contracts traded were 46,042. </p><p align="justify">HDFC Bank May 2019 futures traded at a premium of 19.85 points at 2282.10 compared with spot closing of 2262.25. The numbers of contracts traded were 28,914. </p><p align="justify">Indiabulls Housing Finance May 2019 futures traded at a discount of 5.25 points at 730.35 compared with spot closing of 735.60. The numbers of contracts traded were 25,847. <br></p>
25-Apr-2019   09:18 Hrs IST FIIs were net buyers of Rs 316.59 crore in index futures and options segments on April 24
25-Apr-2019   09:17 Hrs IST F&O total turnover stood at Rs 14,23,405.23 crore on April 24
24-Apr-2019   17:59 Hrs IST Bulls back in action; Nifty surpasses 11,700 mark
24-Apr-2019   17:42 Hrs IST Nifty April 2019 futures close at a premium of 12.10 points over spot closing
24-Apr-2019   09:26 Hrs IST FIIs were net buyers of Rs 2077.97 crore in index futures and options segments on April 23
24-Apr-2019   09:23 Hrs IST F&O total turnover stood at Rs 11,89,019.33 crore on April 23
23-Apr-2019   17:50 Hrs IST Last hour sell-off drags Nifty lower
23-Apr-2019   17:38 Hrs IST Nifty April 2019 futures close at a premium of 10.45 points over spot closing

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