Bank Nifty Tips Provider Technical & Derivative report (24st September)

Page 1

24st September 2018

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Daily Trading Bites NIFTY SNAPSHOT

INDEX NIFTY 50 BANKNIFTY

OPEN HIGH LOW CLOSE 11,271.65 11,346.80 10,866.45 11,143.10 26,331.05 26,490.40 26,053.35 25,596.90

OPEN INTEREST AND VOLUME INDEX

ADVANCE/DECLINE RATIO INDEX

NIFTY

PREVIOUS 26568375

% CHANGE -0.80

ADVANCES

23

NIFTY OI

CURRENT 25395600

NIFTY VOLUME

284206

141280

101.10

DECLINES

27

BANKNIFTY OI

2317200 187449

2109720 107544

13.52 74.29

UNCHANGED

0

BANKNIFTY VOLUME

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NIFTY LOSERS

NIFTY GAINERS SYMBOL

CMP

% CHANGE

SYMBOL

CMP

% CHANGE

IOC

157.05

2.28

YESBANK

225.15

29.46

INFRATEL

275.50

1.70

IBULHSGFIN

1,060.85

8.49

ITC

304.50

1.62

BAJFINANCE

2,392.90

4.27

ONGC

178.75

0.99

UPL

666.00

3.80

HINDPETRO

253.60

0.90

KOTAKBANK

1,185.00

3.42

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FII ACTIVITIES ( RS. IN CRORE) FII

19-Sept-2018 18-Sept-2018 17-Sept-2018

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

4265.45 4704.44 4005.96

6450 5848.17 4112.5

2184.55 1143.73 106.54

Market News: • I-T Dept finds 'evidence' of inflated expenditure by Jet Airways in survey. • Vedanta Resources to ink deals for 41 oil and gas blocks on October 1. • Inventia Healthcare files draft papers with SEBI to raise Rs 4.5 bn via IPO.

DII ACTIVITIES ( RS. IN CRORE) DII

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

19-Sept-2018

3962.55

2761.25

1201.3

18-Sept-2018

3191.29

2962.63

264.66

17-Sept-2018

2441.9

2622.26

180.36

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• Reliance Capital to exit all non-financial business in 12-18 months. • India's purchase of S-400 Triumf from Russia may invite sanctions: US


NIFTY WRAP CHART

NIFTY Outlook Bank Nifty Tips Provider |The S&P BSE Sensex partially recovered after crashing 1,496 points in from the day's high to settle 280 points lower at 36,842 on Friday. The index had hit an intra-day high of 37,489.24 before crashing to the day's low of 35,993.64. The Nifty 50 index, on the other hand, hit a low of 10,866 levels, but settled 91 points lower at 11,143. The decline came on the back of a sharp fall in NBFC stocks. DHFL skidded over 50% in intraday trade on fears of a liquidity crisis. www.rudrainvestment.com


NBFCs crash: DHFL tanked over 60% in trade today: Shares of non-bank finance companies (NBFCs) took a massive beating on Friday, with DHFL and Indiabulls Housing Finance tumbling around 60 per cent and 30 per cent respectively in intraday trade. DHFL lost Rs 100 billion in the m-cap during the day. However, the stocks recovered partially after the management of both companies allayed investor concerns. Analysts say the ongoing crisis at IL&FS created a panic and triggered the sell-off in these stocks, as it was feared that an ‘IL&FS-like’ situation was emerging across NBFCs. More specifically, rumor had it that DHFL and Indiabulls Housing Finance could find it difficult to meet their respective loan obligations going ahead. The contagion spread to the entire banking / NBFC space with Edelweiss Financial, Bajaj Finance, Shriram Transport Finance, M&M Financial Services and Indiabulls Housing slipping 10 per cent – 30 per cent in intraday trade. “Some of the bad housing finance companies (HFCs) that have exposure to large projects are finding it difficult to recover the funds. Thus, the inability to recover the money that could have a bearing on the financials going ahead cast a shadow on the stocks as well. That said, not all companies face this situation. www.rudrainvestment.com


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