A1FS Views

 Market in a nutshell 

• Influenced by strong global cues, local bourses opened on a buoyant note, and sustained at the high levels. The broader indices advanced further upwards during afternoon trades, but pared some of the gains before close. Sensex finally closed at 17,806 (up 156 points) while Nifty closed at 5,270 (up 69 points). Buying was witnessed across the board.
• BSE Realty and Power Indices were the major gainers both up around 2.5% to 10,016 and 3,707 respectively. India Bulls Real Estate surged 11% to INR 643, while BHEL was up 5% to INR 2,180.
• Market wide rollovers picked up further with approximately 48% of the positions getting shifted into the March expiry. The roll cost continues to remain under pressure and hovers around 50-55 bps.
• In line with our expectations Nifty roll cost (cost to the short roller) expanded further to 30-31 points as against yesterday 20-25 points.
• Nifty February Futures were trading at a premium of 5 points to spot for major part of the session.
• Market breadth was positive with an Advance: Decline Ratio of 1.8:1. Info Edge advanced 13% to INR 1,111, while National Aluminum gained 7% to INR 465.
• Cash volumes were at INR 159,054 mn (NSE+BSE) as against a 5 DMA of INR 178,097 mn. F&O volumes were at INR 565,157 mn as against a 5 DMA of INR 422,989 mn.

Eye Catchers

• Gateway Distriparks rallied 6.5% to INR 117 with volumes of 2,434,653 (up 780%).
• Jindal Stainless gained 7% to INR 160 with volumes of 1,134,079 (up 290%).

Market News

• Rupee strengthened to trade at INR 39.91 against the dollar, on expectations of capital inflows.
• Nymex crude fell to trade at $98.76/bbl. Base metals were trading on a weak note, with copper down 2%.
• BHEL bagged an INR 10.75 bn order from Gujarat State Energy Generation.

Indices Performance

Bookmark to: