Nifty Market Expert Technical & Derivative report (24th October)

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24th October 2018

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Daily Trading Bites NIFTY SNAPSHOT

INDEX NIFTY 50 BANKNIFTY

OPEN HIGH LOW CLOSE 10,152.60 10,222.10 10,102.35 10,146.80 25,786.90 25,124.60 24,784.90 24,972.45

OPEN INTEREST AND VOLUME INDEX

ADVANCE/DECLINE RATIO INDEX

NIFTY

PREVIOUS 20314950

% CHANGE 10.40

ADVANCES

22

NIFTY OI

CURRENT 18937575

NIFTY VOLUME

235767

183107

28.75

DECLINES

28

BANKNIFTY OI

1348400 106184

1464040 116483

5.03 -8.84

UNCHANGED

1

BANKNIFTY VOLUME

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NIFTY LOSERS

NIFTY GAINERS SYMBOL

CMP

% CHANGE

SYMBOL

CMP

% CHANGE

HINDPETRO

219.65

4.30

SUNPHARMA

576.85

4.95

IBULHSGFIN

739.00

3.62

ASIANPAINT

1,142.45

4.83

HDFC

1,692.05

2.04

WIPRO

308.35

4.30

INDUSINDBK

1,476.75

1.88

ULTRACEMCO

3,345.30

3.41

YESBANK

215.10

1.70

GRASIM

829.70

3.23

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FII ACTIVITIES ( RS. IN CRORE) FII

22-OCT-2018 19-OCT-2018 17-OCT-2018

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

4827.11 6916.01 4680.64

5339.02 7534.27 4540.62

511.91 618.26 140.02

DII ACTIVITIES ( RS. IN CRORE) DII

GROSS PURCHASE

GROSS SALES

NET PURCHASE/ SALES

22-OCT-2018

3775.75

3472.54

303.21

19-OCT-2018

4225.6

4227.74

2.14

17-OCT-2018

3547.7

3890.81

343.11

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Market News: • Jet Airways seeks loan moratorium, fresh funds in struggle for survival. • HCL Tech Q2 PAT rises 5.7% QoQ to Rs 25.40 billion. • TCS among top 10 firms to get foreign labour certification for H-1B visas. •Govt. may ask RBI to ease PCA norms, move to free up Rs 650 bn. for PSBs. •Oil import bill for FY19 seen rising 42%; falling rupee cause for concern.


NIFTY WRAP CHART

NIFTY Outlook Nifty Market Expert | The benchmark indices ended lower on Tuesday weighed by IT and pharmaceutical stocks amid weak Asian markets. The S&P BSE Sensex ended at 33,847, down 287 points, while the broader Nifty50 index settled at 10,147, down 98 points. Among sectoral indices, the Nifty IT index fell 2.8 per cent led by fall in share prices of Wipro, Infosys and Tata Consultancy Services (TCS). The Nifty Pharma index, too, declined 2.9 per cent weighed by Sun Pharmaceutical Industries. www.rudrainvestment.com


NBFCs face acid test as record Rs 1.2 trn repayment in Oct-Dec looms: India’s non-bank financial companies have had a tough few months amid the fallout from defaults by one of their own, conglomerate IL&FS group. The next few months also present a challenge to the NBFCs, which rely heavily on debt issued to the nation’s money market funds for short-term financing. The financiers must repay about Rs 1.2 trillion ($16.3 billion) of commercial paper in OctoberDecember, near a record 1.46 trillion rupees in August-October, according to data from Securities and Exchange Board of India. The timing isn’t ideal. Indian money-market funds popular over lower-yielding savings accounts suffered the worst withdrawals since at least April 2007 last month, after the IL&FS defaults spooked the market. And generally, financing costs throughout India’s credit markets have ticked higher, meaning that rolling over all this debt will cost more. The non-bank financial companies may be forced to turn to un-utilized bank facilities to pay down some of the maturing CP debt, according to A.M. Karthik, sector head financial sector ratings at ICRA. A crucial thing to watch is whether banks will allow the NBFCs to make timely draw downs on these facilities, as the mutual funds are facing pressure, he said. www.rudrainvestment.com


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