All You Need To Know Going Into Trade On Dec. 28

Stocks in Asia flirted with a record high on Thursday in muted trading after a listless U.S. session overnight offered little direction ahead of New Year holidays.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.3 percent to 10,559 as of 6:50 a.m.

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DayBreak

Here’s a quick look at all that could influence equities on Thursday.

Global Cues

• U.S. stocks edged higher on Wednesday, amid trading thinned by a holiday-shortened week. The dollar weakened against most peers.
• 10- year Treasury yields headed for a fourth day of declines, while the dollar traded near month lows.
• The best year for U.S. equities since 2013 is ending with a bit of a whimper after stocks soared in the week before the holidays as Republicans passed a major overhaul of the tax code.
• Bitcoin fell below $15,000 after its biggest gain in two weeks took it above $16,000.

Europe Check

• Stocks in Europe ended slightly higher following a mixed session in Asia.
• The euro and pound gained, while bonds in Europe were mixed.

Asian Cues

• Japan’s Topix index was little changed in early trade, as was the Nikkei 225 Stock Average
• Contracts on Hong Kong’s Hang Seng Index were also little changed.
• Futures on the S&P 500 Index were little changed.

Here are some of the key events scheduled for this week:

• U.S. trade figures are due Thursday.
• Egypt decides on interest rates.

Commodity Cues

• Brent crude snapped six-day winning streak; ended lower at $66.44/barrel, down 0.9 percent
• West Texas Intermediate crude was little changed at $59.61 a barrel.
• Gold futures were little changed at $1,287.55 an ounce.
• LME copper futures advanced 1.6 percent to $7,240.00 per metric ton Wednesday, reaching the highest in about four years.
• Sugar ended near three-week high at 14.9 cents per pound; up 1.6 percent.

Shanghai Exchange

• Steel trades lower; down 1.4 percent.
• Aluminium trades higher for second day; up 1.3 percent.
• Zinc trades higher for second day; up 0.1 percent.
• Rubber trades lower; down 0.5 percent.

Indian ADRs

Stocks To Watch

• Star Cement received Rs 158.82 crore as capital investment subsidy from Central government.
• Quess Corp acquired Master staffing solutions and 60 percent stake in Golden Star Facilities and Service.
• Riddhi Siddhi board approved proposal to de-list shares of the company. Promoters set the offer floor price at Rs 510 apiece.
• SEBI asked Axis Bank to conduct inquiry on leak of unpublished price sensitive financial information within three months.
• Kolte Patil’s Pune township signed Rs 193 crore agreement with KKR.
• SBI board approved raising up to Rs 8,000 crore through tier-1 bonds by March.
• United Bank raised Rs 100 crore through tier-1 bonds.

Bulk Deals

• Bajaj Auto: Nirav Trust sold 16.69 lakh shares or 0.6 percent equity at Rs 3351.40 each.
• JHS Svendgaard: Sixth Sense India Opportunities-I sold 3.16 lakh shares or 0.7 percent equity at Rs 74.06 each.
• Bajaj Finserv: Anant Bajaj Trust sold 9.19 lakh shares or 0.6 percent equity at Rs 5372.14 each.
• Sintex Plastics: Hypnos Fund sold 30 lakh shares or 0.5 percent equity at Rs 81.01 each.

Bajaj Electricals

• Madhu Bajaj bought 7.70 lakh shares or 0.8 percent equity at Rs 475 each.
• Neelima Bajaj Swamy bought 7.90 lakh shares or 0.8 percent equity at Rs 475 each.
• Anant Bajaj Trust sold 21.80 lakh shares or 2.1 percent equity at Rs 475 each.

Bajaj Holding

• Nirav Trust bought 21.99 lakh shares or 2 percent equity at Rs 3012.40 each.
• Anant Bajaj Trust bought 21.65 lakh shares or 1.9 percent equity at Rs 2963.76 each.
• Kumud Bajaj sold 12.12 lakh shares or 1.1 percent equity at Rs 2987.50 each.
• Madhu Bajaj sold 18.97 lakh shares or 1.7 percent equity at Rs 2987.50 each.

ADF Foods

• Kuber India Fund bought 6 lakh shares or 2.8 percent equity at Rs 324 each.
• Promoter Priyanka Thakkar sold 8 lakh shares or 3.8 percent equity at Rs 324.23 each.

Who’s Meeting Whom?

• General Insurance Corp met Edelweiss Financial Services on Dec. 27.

Top Gainers And Losers

Index Trends

F&O Cues

• Nifty December futures closed trade at 10500, premium of 9.5 points versus discount of discount of 5 points.
• Nifty January futures trading at 10,533, premium of 42 points versus premium of 37 points.
• Across all series: Nifty open interest down 1 percent; Bank Nifty open interest up 0.4 percent.
• Nifty rollover at 51 percent, Bank Nifty rollover at 44 percent.
• India VIX ended at 12.4, up 3.6 percent.
• Max open interest for Dec. series at 10,600 Call (open interest at 54.5 lakh, up 21 percent).
• Max open interest for Dec. series at 10,000 Put (open interest at 64.4 lakh, down 9 percent).

F&O Ban

• In ban: Balrampur Chini, DHFL, DLF, GMR Infra, HDIL, IFCI, Jet Airways, Jain Irrigation, JP Associates, Reliance Communications, Reliance Capital, TV18 Broadcast, Wockhardt.
• New in ban: Reliance Communications, TV18 Broadcast.

Only intraday positions can be taken in stocks which are in F&O ban. In case of a rollover of these intraday positions, there is a penalty.

Put-Call Ratio

• Nifty PCR unchanged at 1.59.
• Nifty Bank PCR at 0.94 from 1.17.

Stocks Seeing High Open Interest Change

Fund Flows