Nifty Logs Worst F&O Series In Seven Months

The Nifty’s futures and options series posted a loss for the second straight month in February.

In the February series, the 50-stock index fell 3.5 percent, registering its worst F&O series in five months, according to data compiled by BloombergQuint.

Today, Indian indices extended declines for the fifth consecutive trading session. The S&P BSE Sensex fell 0.36 percent to close at 39,745.66 and the NSE Nifty 50 fell 0.39 percent to end at 11,633.30. The broader markets represented by the NSE Nifty 500 Index fell 0.45 percent.

The market breadth was tilted in favour of sellers. About 1,189 stocks declined and 594 shares advanced on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Realty Index’s 2.4 percent fall. On the flipside, the NSE Nifty Pharma Index was the top sectoral gainer, up 0.59 percent.

Lakshmi Machine Works

• Stock rose as much as 4.6 percent to Rs 3,414.90.
• Trading volume was almost eight times its 20-day average.

NLC India

• Stock rose as much as 13.5 percent to Rs 61.65.
• Trading volume was more than five times its 20-day average.

Finolex Cables

• Stock fell as much as 4.8 percent to Rs 331.25.
• Trading volume was six times its 20-day average.

Shares of TCI Express resumed declines after a one-day breather. The stock fell as much as 8.3 percent to Rs 822.20.

The scrip traded at 34 times its estimated earnings per share for the coming year, Bloomberg data showed.

Shares of Future Consumer fell 5.7 percent to Rs 15.70 after declining as much as 12.9 percent earlier.

The stock extended declines for the ninth consecutive trading session, its longest losing streak since October 2019.

The Relative Strength Index was below 30, indicating that the stock may be oversold, according to Bloomberg data.

Shares of BASF India extended rally for the second consecutive trading session. The stock rose as much as 12.9 percent to Rs 1,062.

The scrip advanced 27 percent in two trading sessions, the best two-day rally on record. Trading volume was more than 30 times its 20-day average, Bloomberg data showed.

Shares of Gulf Oil Lubricants halted their two-day losing streak. The stock rose as much as 19.3 percent, the most since October 2016, to Rs 850.

Trading volume was almost 17 times its 20-day average, Bloomberg data showed. The stock returned 8.7 percent in the past five days and fell 1.3 percent in the past 30 days.

The worldwide stock sell-off extended on Thursday, sending a global benchmark heading for its lowest close since October, while government bond yields sank to record levels.

• Futures on the S&P 500 were down 1 percent as of 7:11 a.m. in London.
• Japan’s Topix index fell 2.4 percent at the close.
• Hong Kong’s Hang Seng lost 0.2 percent.
• The Shanghai Composite rose 0.1 percent.
• Australia’s S&P/ASX 200 Index declined 0.8 percent.
• South Korea’s Kospi Index lost 1 percent.
• Euro Stoxx 50 futures retreated 2.4 percent.

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Source: Bloomberg

All the 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Realty Index’s 2.7 percent gain.

Axis Bank’s board approved the appointment of Puneet Sharma as the Chief Financial Officer, with effect from March 6, according to a stock exchange filing. Sharma will succeed Jairam Sridharan, who resigned as CFO in December.

Shares of Axis Bank traded 0.6 percent lower at Rs 725.20.

About 40 lakh shares of Welspun India changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Nifty’s 11,500 put option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract, which is set to expire on Feb. 27, rose 45.71 percent to Rs 10.20. About 31.7 lakh shares were added to the open interest which stood at over 55.62 lakh shares.

Stocks in Asia retreated along with U.S. and European equity futures after U.S. health authorities said they found the first case of coronavirus that does not have ties to a known outbreak.

• Futures on the S&P 500 were down 1.5 percent as of 1:35 p.m. in Tokyo.
• Japan’s Topix index fell 2.5 percent.
• Hong Kong’s Hang Seng lost 0.7 percent.
• The Shanghai Composite rose 0.6 percent.
• Australia’s S&P/ASX 200 Index declined 0.6 percent.
• South Korea’s Kospi Index lost 1.2 percent.
• Euro Stoxx 50 futures retreated 2.5 percent.

Get your daily fix of global markets here.
Source: Bloomberg

Indian equities traded lower, extended declines for the fifth consecutive trading session.

The S&P BSE Sensex fell nearly 1 percent to 39,506 and the NSE Nifty 50 fell 1 percent to 11,562. The broader markets represented by the NSE Nifty 500 Index fell 1.1 percent.

All the 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Realty Index’s 2.9 percent fall.

Shares of Abbott India extended gains for the fourth consecutive trading session. The stock rose as much as 1.3 percent to hit an all-time high at Rs 16,450.

The Relative Strength Index was above 70, indicating that the stock may be overbought, according to Bloomberg data. The scrip advanced 121 percent in the past 12 months compared to a 11 percent gain in the Sensex.

Shares of Yes Bank pared opening gains. The stock rose 0.6 percent after gaining as much as 3.2 percent earlier.

About 10.4 lakh shares of the lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Shares of Thomas Cook India extended declines for the third consecutive trading session. The stock fell as much as 3.2 percent to Rs 48.50.

The company plans to buyback up to 2.60 crore equity shares at Rs 57.5 each. Post the buyback, the promoter’s holding in the company will increase to 70.46 percent from 65.60 percent.

Trading volume was 20 times its 20-day average, Bloomberg data showed. The scrip advanced 21 percent in the past five days and fell 14 percent in the past 30 days.

Shares of RITES fell as much as 5.7 percent, the most since Dec. 10, 2019, to Rs 300.

The Government proposed to sell 1.25 crore shares (5 percent equity) in the company via offer for sale with an option to sell an additional 5 percent stake. The floor price for the offer has been fixed at Rs 298 per share, a discount of 6.6 percent to the yesterday’s closing price.

Trading volume was more than 16 times its 20-day average, Bloomberg data showed.

Indian equities opened lower, extending declines for the fifth consecutive trading sessions.

The S&P BSE Sensex fell 0.45 percent to 39,707 and the NSE Nifty 50 fell 0.46 percent to 11,623. The broader markets represented by the NSE Nifty 500 Index fell 0.36 percent.

All the 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty IT Index’s 1 percent fall.

Index Futures

• Nifty February futures closed at 11,695.6 premium of 17 points
• Nifty futures across series open interest rose 10 percent, added 16.6 lakh shares in open interest
• Nifty Bank February futures closed at 30,315, premium of 8.7 points
• Nifty Bank futures open interest rose 1 percent, added 16,600 shares in open interest
• Rollover: Nifty at 61 percent, Nifty Bank 55 percent

Options

• Nifty PCR at 1.01 Vs 1.05 (across all series)

Nifty Monthly Expiry: Feb 27

• Max open interest on call side at 12,000 (47.4 lakh shares)
• Max open interest on put side at 11,600 (26.7 lakh shares)
• Open interest addition seen in 11,750C (+14.4 lakh shares), 11,800C (+13.8 lakh shares), 11,700C (+12.8 lakh shares)
• Open interest shedding seen at 11,800P (-15.9 lakh shares)

Stocks In F&O Ban

• Yes Bank