Nifty continues to be in a BUY trend

Stock Market Today by Shailesh Saraf – 30th May 2019

Stock Market Today by Shailesh Saraf – 30th May 2016
Indian Market Outlook:

FII's have been net buyers worth Rs.3270 Cr in Index Options and worth Rs.2162 Cr in Index Futures. The rally in the markets has been triggered mainly due to the Global markets rallying last week which was triggered by, firstly, the BREXIT polls that suggested majority willing to stay in the Eurozone and secondly, the bailout of the Greece banks by the Eurozone to the extent of 12 Billion Euros. As per SGX today at 8:30 am IST, Nifty Share Price is expected to open at 8217.

 

International Market Outlook

Asian Markets along with European and American peers are trading in green Monday morning. Yellen in her speech on Friday remarked that the FED rate hike could be happening soon in the coming months, looking at the ripe situation of the US economy with good jobs and inflation data. The polls on the BREXIT suggested that the majority is willing to stay in the EUROZONE which has been one of the major triggers for the markets to stay positive. The markets would be keenly waiting for the 15 June FED meeting and the BREXIT which is scheduled on 23 June.

 

 
Open Interest-FII & Pro Combined Activity
 
Open Interest-FII & Pro Combined Activity

On 29th April FII & Pro combined had a total long position in Index Futures of 8582325 shares which is reduced to only 8489775 shares as on 26 May, i.e. a total sell of 92550 shares in last expiry. For current expiry net buy of 1695750 shares in Index.

Similarly, in Index options, FII and Pro combined have decreased their short positions from 19668150 shares to 11284425 shares, i.e. a total buy of 8383725 shares in current expiry.

The data indicates a clear buy bias in the markets by FIIs and Proprietary.

 
Change in Options Open Interest Today
 
Change in Options Open Interest Today

Today, FII have increased 3404400 shares long and increased 219225 shares short positions in Index Call option, net buy 3185175 shares today. In puts, FII have increased 364050 shares long and increased short positions by 1231275 shares, net PUT sell 867225 shares today.

Pro, have increased 1198050 shares long and increased short position by 1113900 shares, a net buy of 84150 shares in Index Call Option Today. In Puts, Pro has increased long position by 750975 shares and increased short position by 2800875 shares, a net sell of 2049900 shares in Put today.

 
FII Derivatives Statistics - NSE

FII Derivatives Statistics - NSE

 
FII Options Statistics - Dynamic Research

FII Options Statistics - Dynamic Research

 
FII Index Statistics - Dynamic Research

FII Index Statistics - Dynamic Research

 
Major Events of the Day
  1. Indian: Important Quarterly results today: M&M, TATAMOTORS, BATAINDA, BATAINDIA, BAJAJELEC, LLOYDENG, FIEMIND, MCLEODRUSS, SAIL, JINDALPOLY, AUROBINDOPHARMA, SUNPHARMA, NTPC, NTPC, PRESTIGE, UNITECH, TCI.

.

 
FII Index Future Buy /Sell Activity
 
FII Index Future Buy /Sell Activity

As on 27th May, for Current Expiry from 29th April FII have sold Rs. 1113 crores worth shares along with DII who have bought shares worth Rs.7250 crores in the cash segment.

Today, FII have bought equity worth 480 cr and DII bought worth 69 cr.

 

*Top Price Gainers:

FINCABLES: Fincables posted very good numbers yesterday. Revenue increased 16%, EBITDA increased 44.5%, PAT increased 56% and EPS increased 59% QoQ.

Operating profit increased 44% YoY, PAT increased 25%, and EPS increased 25.3% YoY.

  

Top Price Gainers
 

*Top Price Losers:

TANLA: Net profit of Tanla Solutions declined 91.94% to Rs 0.39 crore in the quarter ended March 2016 as against Rs 4.84 crore YoY. Sales rose 30.19% to Rs 113.80 crore in the quarter ended March 2016 as against Rs 87.41 crore YoY. For the full year,net profit rose 359.85% to Rs 11.91 crore in the year ended March 2016 as against Rs 2.59 crore YoY. Sales rose 77.97% to Rs 431.55 crore in the year ended March 2016 as against Rs 242.49 crore YoY.

              

 

Top Price Losers
 

*Top Volume Buzzers:

KAJARIACER: With construction activity picking up, Kajaria Ceramics, one of the largest wall and floor tiles manufacturing company in the country, is investing Rs. 150 crore for setting up a polished vitrified tiles making plant near Nellore in Andhra Pradesh (AP). The plant, which would be commissioned by September next year, would have the capacity to produce 5 million square metres (sq. mt.) of tiles per year. The company currently produces 20 million sq. mt. of polished vitrified tiles.

Top Volume Buzzers
 
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