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INDIAN SHARE MARKET PROFITABLE DERIVATIVE REPORT

NIFTY Outlook

The benchmark indices ended higher on Friday aided by strong gains in automobiles and metal stocks after the rupee firmed against US dollar. The S&P BSE Sensex ended at 38,390, up 147 points while the broader Nifty50 index settled at 11,589, up 52 points. Among the sectoral indices, the Nifty Auto index settled 2.2 per cent higher led by a rise in the share prices of Hero MotoCorp, Bajaj Auto, Mahindra and Mahindra, and Tata Motors. Nifty Metal index, too, rose 1.9 per cent led by MOIL and Jindal Steel & Power.

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NIFTY SNAPSHOT

INDEX OPEN HIGH LOW CLOSE
NIFTY 50 11,558.25 11,603.00 11,484.40 11,589.10
BANKNIFTY 27,439.25 27,512.50 27,232.80 27,481.45

 

 

 

OPEN INTEREST AND VOLUME

INDEX CURRENT PREVIOUS % CHANGE
NIFTY OI 28755225 28535925 3.81
NIFTY VOLUME 125938 155608 -19.06
BANKNIFTY OI 1520960 5191280 2.84
BANKNIFTY

VOLUME

84125 111673 -24.66

 

 

 

 

 

 

ADVANCE/DECLINE RATIO

INDEX NIFTY
ADVANCES 32
DECLINES 18
UNCHANGED 0

 

 

 

 

NIFTY GAINERS

SYMBOL CMP % CHANGE
HEROMOTOCO 3,339.00 5.50
BAJAJ-AUTO 2,926.00 5.13
LUPIN 960.90 4.68
BHARTIARTL 389.30 4.57
M&M 973.50 4.12

 

 

 

 

 

NIFTY LOSERS

SYMBOL CMP % CHANGE
YESBANK 323.65 4.58
ADANIPORTS 376.80 2.08
POWERGRID 195.50 1.91
SUNPHARMA 664.80 1.86
SBIN 291.10 1.80

 

 

 

 

 

Market News:

• Govt. mulls sale of Air India subsidiary AIATSL to raise funds, cut debt.

• SC seeks Centre’s response on pleas challenging SC/ST law amendments.

• Trade war: Next tariff salvo to hit US shoppers harder than China’s.

• India to launch the policy to promote e- mobility, fight pollution: Modi

Weak rupee could cost India $9.5 billion more to repay foreign debt :

Oil isn’t the only headache for India as the rupee slides. With the currency losing more than 11 per cent to the dollar this year, the country will have to shell out an extra Rs 685 billion ($9.5 billion) when repaying the short-term debt in the coming months, according to numbers arrived at by the State Bank of India. If the rupee averages 73 to a dollar this year and crude oil, India’s biggest import, averages $76 a barrel for the remaining half of 2018, that could see the country’s oil bill rise by Rs 457 billion, Soumya Kanti Ghosh, chief economic adviser at the State Bank, wrote in a note Thursday. India’s short-term debt obligations, which included non-resident deposits as well as overseas commercial borrowings by companies, totalled $217.6 billion in 2017. Assuming 50 per cent has either been paid in the first half of 2018 or was rolled over to next year, the remaining amount to be repaid in rupees would be 7.1 trillion rupees computed using the average exchange rate of 65.1 per dollar in 2017.

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