Traders’ perception of near-term risks in the market increased with the volatility index (VIX) soaring 33% —the highest in a day in 13 months.The Securities and Exchange Board of India also said that investors will get attracted to the market only when they feel the platforms are free from manipulation.The stock fell almost 5% to end at Rs. 62.10 on Thursday. About 3.14 lakh shares changed hands on the BSE against the two-week daily average volume of 77,000 shares.Disinflation and slow growth calls for lower yields in India. But the burden of positioning and likelihood of high volatility may cause a further sell-off in rates.Sebi has asked stock exchanges to draft contingency plans. The stock exchanges are given time till evening to submit detailed report on the matter.D-St got spooked after Indian Army claimed that they conducted surgical strikes on the Pakistani terror bases in an overnight operation on Wednesday.The Organization of the Petroleum Exporting Countries reached an agreement in Algiers to cut production to a range of 32.5-33.0 million barrels per day.“Earlier, companies after acquiring controlling stake, had to first launch an open offer, and then separately launch a delisting offer,” said Sourav Mallik, joint MD, Kotak Investment Banking.Many analysts had been raising eyebrows over the premium many of the second-rung stocks were quoting at over largecap stocks after the recent market rally.Insurance is all about being patient, and the same logic would apply to ICICI Prudential, which promises steady returns if investors stay put on the stock.Nifty50 settled below 8,600-mark for the first time since August 26, Sensex crashed 465 points, or 1.64 per cent, to sub-28,000 mark.Sebi said it would soon reveal the details of the type of options and products that the exchanges can launch. The stock rose 4.84 per cent to close at Rs 1,306.95.The company said it would offload up to an aggregate of 6,47,65,260 equity shares of face value Rs 5 each. The OFS window will remain open for two days.Underweight refers to a below-average chance of matching the performance of its peers, and hence investors should have less exposure to the stock in their portfolios.Eros International Media said the partnership would entail the two companies jointly co-producing Malayalam films along with exploration of theatrical rights between the two entities.

MARKET UPDATES

Jul 24 2016 9:45PM

As per Derivatives data, it doesn’t look like Index can either cross 8600 level or retrace before the F&O expiry on 28th July.

Jul 11 2016 7:59PM

As per the prediction for July series, NIFTY Index is very near to upper level target of 8500. Watch this space for next update....

Jul 6 2016 6:40PM

Fitch downgrades india Banking Outlook to Negative

Read More...

Weekly Market Alerts!!

NIFTY – Unlikely to give up on the gain before July F&O expiry    

24 Jul 2016

NIFTY – Unlikely to give up on the gain before July F&O expiry   

Technical & Derivatives Analysis: 24th July 2016

 

At the beginning of the series, I had given my prediction that NIFTY would trade in the range of 8000-8500 forJuly 2016. The results are in front of you. NIFTY is hovering around 8500 as we enter into F&O expiry week.

As you can see on the Technical chart, Index is trading near 76.4% Fibonacci Retracement level. It will be a turning point for NIFTY, if it is able to cross and sustain above this level.

 

As per Derivatives data, it doesn’t look like Index can either cross 8600 level or retrace before the F&O expiry on 28th July. Options IVs also does not indicate any big movement before expiry day. Best option would be to have little patience till expiry and then buckle your seat belt for the big move in August series. Keep close eye on Rollover number. I will provide next update immediately after expiry day…  

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NIFTY trading range for July'16 F&O Series : 8000-8500    

01 Jul 2016

NIFTY: 8000-8300 Consolidation Range for June 2016 F&O Series    

19 Jun 2016

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18 Jun 2016

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