The Indian Benchmark index Nifty recovered sharply from day's low to close with small losses amid volatility yesterday. Nifty declined 16 points or 0.15% to close at 10411. Markets traded in a thin range with a negative bias for most part of the day before giving a recovery in the last hour of trading, after State Bank of India (NS:SBI) clarified that it has not received any notice from the Serious Fraud Investigation Office (SFIO) or Enforcement Directorate (ED) in respect of any investigation into the loans granted by the Bank to Usha Martin (NS:USBL). Bank Nifty led the rally, recovering nearly 360 points from its intraday low. However the SmallCap index outperformed Nifty yesterday.
The Small cap index also traded in a narrow range and closed flat, the index opened at 8119 and closed at 8154 after making a low of 8088.
Media-TV and Newspaper and Paper sectors were the top performing sectors in minor sector and were up by 2.50% and 2.05 % respectively. TV today Network (was up by 17%) and HT Media (NS:HTML) (was up by 3 %). In Paper sector, Ruchira Papers was up by 10%.
Nifty Future is opening gap-down by 24 points against last day’s close 10425 as indicated by SGX Nifty which is currently trading at 10405.
The US 3Month Treasury is now trading at 1.76, this suggests the Fed will surely be increasing interest rate by 25 basis points on 21st March policy.
The US 10 Year T-Note is trading at 120.64. The Bond has broken its important low of 120.03 on 28th Feb 2018. The next support level is at 117.69 which is the low of Jan 2011. The US Dollar Index is trading at 89.66.
Sector Performance from day low on 14th Mar
Sector wise Small Cap Stocks on 14th Mar
Large Cap Stocks Gainers & Losers
Mid Cap Stocks Gainers & Losers
NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION
In the current Expiry, FII and PRO in combined have sold 3796 contracts in Index Options.
Cash Market Data
In last 10 days FII and Pro in combined have bought stocks in cash segment worth Rs. 7796.12 Crore.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read andunderstand the Risk Disclosure Documents before trading/Investing.