NSE Share Bazaar

Nifty 50 India: A Day of Recovery

On 14 February 2024, the Nifty 50 index opened on a lower note at 21,578.15, facing the repercussions of a downturn in the US markets. However, displaying resilience, the index swiftly rebounded, reaching a low of 21,530.20 in initial trade before embarking on an upward trajectory. Throughout the trading session, the market witnessed steady growth, with Nifty 50 surging to a high of 21,870.85. Eventually, the index closed at 21,840.05, marking a commendable gain of 0.45%.

Today’s NSE Share Bazaar

NIFTYBANK: Weekly Options Expiry Boosts Recovery

Similarly, NIFTYBANK commenced its journey on 14 February 2024 at 45,014.65, slightly lower than the previous close of 45,502.40. Experiencing a low of 44,860.75 at the beginning of trade, the index showcased resilience, reaching a high of 46,170.45 during the day. Notably, it was BankNifty’s weekly options expiry, where short coverings played a pivotal role in driving the index’s recovery. Consequently, BankNifty closed at 45,908.30, with a significant gain of 0.89%.

FII/FPI and DII Cash Segment Data on 14 February 2024

On 14 February 2024, Foreign Institutional Investors (FII) recorded significant selling activity, amounting to -3,929.60 Crores in the cash segment. Conversely, Domestic Institutional Investors (DII) exhibited robust buying, accumulating equities worth 2,897.98 Crores in the cash segment. This notable FII sell figure marked a departure from recent trends, impacting market sentiment. The long-to-short ratio in FII’s Index futures marginally increased to 0.56, indicating a cautious yet slightly optimistic stance compared to the previous day.

FII Derivative Statistics for 14 February 2024

You can save the image below for the FII derivative statistics for 14 February 2024.

Sectoral Indices Performance On 14 February 2024

• NIFTY NEXT 50: The index opened at 56,477.15 and displayed resilience throughout the day, closing at 57,672.40, reflecting a substantial change of 1.37%.
• NIFTY MIDCAP 50: Representing mid-cap companies, the index showcased positive momentum, opening at 13,510.75 and closing at 13,776.35, marking a change of 1.01%.
• NIFTY AUTO: Reflecting the automotive sector, the index opened at 19,300.50 and closed at 19,716.00, showcasing a significant gain of 1.46%.
• NIFTY FMCG: Representing fast-moving consumer goods, the index displayed resilience, opening at 53,224.35 and closing at 53,839.05, reflecting a change of 0.76%.
• NIFTY IT: The IT sector index faced challenges, opening at 37,724.75 and closing at 37,775.40, marking a change of -1.12%.
• NIFTY METAL: Reflecting metal companies, the index opened at 7,694.60 and closed at 7,874.80, showcasing a notable gain of 1.77%.
• NIFTY PHARMA: The pharmaceutical index opened at 18,714.45 and closed at 18,584.35, reflecting a change of -0.90%.
• NIFTY PSU BANK: Representing public sector banks, the index opened at 6,620.05 and closed at 6,934.15, marking a significant change of 3.24%.
• NIFTY OIL & GAS: Reflecting oil and gas companies, the index opened at 11,197.25 and closed at 11,639.85, showcasing a notable gain of 3.10%.

Also Read:

• 15 February 2024: Today’s Share Bazaar
• Navigating the Indian Stock Market on 13 February 2024
• 12 February 2024: NSE Stock Market Overview

Option Chain Insights

Analyzing the option chain for Nifty with a 15 Feb 2024 expiry, significant changes were observed in Open Interest Calls and Puts. Notable shifts were witnessed in Calls at 21800CE, 21850CE, and 21700CE, while Puts at 21900PE, 21800PE, and 21700PE saw substantial increases in Open Interest.

For BankNifty with a 21 Feb 2024 expiry, significant changes were noted in Open Interest Calls and Puts. Notable shifts were observed in Calls at 46000CE, 45800CE, and 45500CE, whereas Puts at 45000PE, 45700PE, and 46200PE displayed substantial increases in Open Interest.

In conclusion, the share bazaar update on 14 February 2024 portrayed a day of recovery, with indices showcasing resilience amidst global market fluctuations. Insights from FII/FPI data and the option chain provided valuable perspectives for investors, enabling them to navigate the dynamic landscape of the stock market effectively.

On 13 February 2024, the Indian stock market witnessed a dynamic trading session, with indices showcasing notable movements. Let’s delve into the key highlights of the day, focusing on the performance of major indices, FII/DII data, and insights from the option chain.

Today’s NSE Share Bazaar

Nifty Index Movement on 13 February 2024

The Nifty index commenced the day on a positive note, opening higher at 21,664.30 compared to the previous day’s close of 21,616.05. It experienced fluctuations throughout the trading session, touching a low of 21,543.35 initially. However, displaying resilience, the Nifty surged to a high of 21,766.80 by 11:15 AM. Despite intermittent dips, the index closed at 21,743.25, marking a gain of 0.59%.

BankNifty Performance

Similarly, the BankNifty index embarked on its journey at 45,056.80, surpassing the previous close of 44,882.25. Experiencing a low of 44,819.55 at the beginning of trade, BankNifty soared to a high of 45,750.40 during the day. Eventually, it closed at 45,502.40, showcasing a gain of 1.38%.

FII and DII Cash Segment Activity on 13 February 2024

Foreign Institutional Investors (FII) exhibited buying activity in the cash segment, accumulating equities worth 376.32 Crores. Concurrently, Domestic Institutional Investors (DII) also contributed to the positive sentiment by purchasing equities valued at 273.94 Crores. The long-to-short ratio in FII’s Index futures marginally increased to 0.54, indicating a bullish stance compared to the previous day.

FII Derivative Statistics for 13 February 2024

You can save the image below for the FII derivative statistics for 13 February 2024.

Sectoral Indices Analysis

• NIFTY NEXT 50: This index saw a positive movement, on 13 February 2024 opening at 56,425.10 and closing at 56,893.05, reflecting a change of 1.01%.
• NIFTY MIDCAP 50: The mid-cap index opened at 13,607.80, reaching a high of 13,658.75 and closing at 13,638.45, showcasing a change of 0.44%.
• Nifty Auto Index: The Nifty Auto index, representing the automotive sector, opened at 19,504.95 and witnessed moderate fluctuations throughout the trading session. Despite minor ups and downs, the index managed to close at 19,433.05, marking a marginal change of 0.07%.
• Nifty FMCG Index: Reflecting the performance of fast-moving consumer goods companies, the Nifty FMCG index opened at 53,345.40. Throughout the day, it showcased resilience, touching a high of 53,534.80 and eventually closing at 53,432.05, registering a modest change of 0.26%.
• Nifty IT Index: The Nifty IT index, representing the information technology sector, opened at 38,070.40 and experienced fluctuations in line with broader market movements. By the end of the trading session, it closed at 38,204.00, showcasing a change of 0.26%.
• Nifty Metal Index: Reflecting the performance of metal companies, the Nifty Metal index opened at 7,806.50. However, it witnessed downward pressure, touching a low of 7,547.20 and closing at 7,737.85, marking a notable change of -2.07%.
• Nifty Pharma Index: Representing pharmaceutical companies, the Nifty Pharma index opened at 18,705.15 and displayed resilience amid market volatility. It closed at 18,753.95, showcasing a change of 0.45% by the end of the trading session.
• Nifty PSU Bank Index: The Nifty PSU Bank index, representing public sector banks, opened at 6,648.25 and showcased positive momentum throughout the trading session. It closed at 6,716.55, marking a notable change of 1.20%.
• Nifty Oil & Gas Index: Reflecting the performance of oil and gas companies, the Nifty Oil & Gas index opened at 11,256.10 and exhibited resilience amidst market fluctuations. By the end of the trading session, it closed at 11,289.65, registering a change of 0.45%.

Sectoral indices on 13 February 2024 portrayed a mix of performances, with some sectors showcasing resilience while others facing challenges. These sectoral insights provide valuable perspectives for investors and analysts, enabling them to make informed decisions amidst dynamic market conditions.

Also Read:

• Share Bazaar Update on 14 February 2024
• 12 February 2024: NSE Stock Market Overview
• Bulls Regain Momentum on 9 February 2024

Option Chain Insights On 13 February 2024

Analyzing the option chain for Nifty with a 15 Feb 2024 expiry, notable changes in Open Interest Calls and Puts were observed. Calls at 21800CE, 21600CE, and 21700CE witnessed declines, while Puts at 21700PE, 21800PE, and 21600PE saw increases in Open Interest.

For BankNifty with a 14 Feb 2024 expiry, significant changes were noted in Open Interest Calls and Puts. Calls at 45500CE, 45300CE, and 45000CE experienced reductions, whereas Puts at 45000PE, 45700PE, and 45300PE displayed varying levels of Open Interest shifts.

In conclusion, the Indian stock market on 13 February 2024 depicted a mix of volatility and resilience, with indices recording gains amidst FII and DII participation. Additionally, insights from the option chain provided valuable perspectives for market participants, reflecting underlying sentiments and potential trends.

In the dynamic realm of the National Stock Exchange (NSE), 9 February 2024 witnessed a day of resurgence as market indices showcased a mixed but predominantly positive performance. Let’s delve into the intricate movements within the Nifty and BankNifty indices, coupled with insights into FII/DII activities and the intriguing options chain data.

Today’s NSE Share Bazaar

Nifty Index Insights: On 9 February 2024

Starting the day on a steady note, the Nifty index opened flat at 21,727.00, mirroring the sentiment from the previous close of 21,717.95. However, it swiftly navigated a brief downturn, hitting a low of 21,629.90 around mid-morning. The index, demonstrating resilience, surged towards the closing hours, marking a notable high of 21,804.45. Ultimately, the Nifty concluded the day at 21,782.50, exhibiting a modest gain of 0.30%. This subdued volatility was a welcome relief compared to recent sessions, signifying a potentially stabilizing market sentiment.

BankNifty Dynamics:

Following a setback in the wake of the RBI Policy announcement, BankNifty reclaimed its lost ground on 9 February 2024. The index commenced the day on a flat note at 44,986.75, echoing the previous day’s closing figures. Despite a slight dip early on, with a low of 44,859.15, the banking index witnessed a remarkable turnaround. Surging ahead, it peaked at 45,718.15 during the closing hours, concluding the day at 45,634.55, marking an impressive uptick of 1.38%. This resurgence underlines the sector’s resilience and potential for robust recovery.

FII/DII Cash Activity: On 9 February 2024

The day’s trading activity saw FII injecting vitality into the market, with a net buying value of 141.95 crores in the cash segment. Conversely, DIIs opted to offload equity, recording sales worth 421.87 crores in the cash segment. This juxtaposition underscores the diverse strategies adopted by institutional investors, contributing to the market’s dynamic flux. Additionally, the long-to-short ratio in FII index futures stood at 0.52, indicating a balanced approach to derivative positions.

FII Derivative Statistics for 9 February 2024:

You can refer to the image below for the FII derivative statistics for 9 February 2024.

Sectoral Indices Performance:

Beyond the broader indices, sectoral indices exhibited noteworthy performances on 9 February 2024:

• Nifty Next 50 (NIFTY NEXT 50): Despite a slight decline in performance, with an opening at 57,811.55 and a closing at 57,432.90, the index showcased resilience amidst market fluctuations, reflecting a change of -0.40%.
• Nifty Midcap 50 (NIFTY MIDCAP 50): Witnessing a marginal downturn, the index opened at 13,976.30 and concluded at 13,840.90, reflecting a change of -0.77%. Despite this, the midcap segment displayed stability amidst broader market movements.
• Nifty Auto: The index opened at 19,709.75 and closed at 19,576.00, reflecting a change of -0.37%.
• Nifty FMCG: Opening at 53,536.85 and closing at 53,867.10, the index showcased a modest uptick of 0.41%.
• Nifty IT: Reflecting the impact of broader market trends, the index opened at 37,891.50 and closed at 37,699.25, reflecting a change of -0.40%.
• Nifty Metal: Witnessing a downturn, the index opened at 8,235.45 and closed at 8,095.60, reflecting a change of -1.54%.
• Nifty Pharma: Reflecting resilience, the index opened at 18,569.15 and closed at 18,617.10, reflecting a modest gain of 0.52%.
• Nifty PSU Bank: Witnessing positive momentum, the index opened at 6,906.85 and closed at 6,944.95, reflecting a change of 0.97%.
• Nifty Oil & Gas: Reflecting sector-specific dynamics, the index opened at 11,750.15 and closed at 11,541.40, reflecting a change of -1.39%.

Also Read:

• 12 February 2024: NSE Stock Market Overview
• 8 February 2024: NSE Share Bazaar Stumbles
• NSE Share Bazaar Update on 7 February 2024

Options Chain Analysis:

Delving into the intricacies of the options chain data for 9 February 2024 Nifty and BankNifty, noteworthy trends emerge. In the Nifty options expiring on 15 February 2024, notable changes in open interest calls include a surge in interest for 22000CE, 21800CE, and 21700CE. Conversely, in puts, heightened activity is observed for 21700PE, and 21600PE, while 21900PE witnessed a decline. On the other hand, analyzing BankNifty options expiring on 14 February 2024, significant shifts are noted in open interest calls, notably 45500CE, while 45500PE, 45700PE, and 45600PE witnessed increased activity in puts.

Conclusion:

In conclusion, 9 February 2024 unfolded as a day of resurgence within the NSE share market. With Nifty and BankNifty indices exhibiting positive momentum, bolstered by FII inflows, the market showcased resilience amidst dynamic external factors. Furthermore, insights gleaned from the options chain data provide valuable cues for market participants, enabling informed decision-making. As the market continues to navigate fluctuations, astute investors remain poised to capitalize on emerging opportunities, driving the trajectory of India’s financial landscape.

On 8 February 2024, the Nifty index once again commenced with a gap up, opening at 22,009.65, surpassing the previous day’s close of 21,930.50. However, the index failed to sustain its initial gains, reflecting the trend observed over the past several days. The Reserve Bank of India (RBI) revealed its inaugural Monetary Policy for 2024 on this eventful day. Despite the optimistic beginning, the decline of the NSE Nifty commenced right from the opening bell.

Today’s NSE Share Bazaar

RBI’s Impact on Market Sentiment:

The trading session coincided with the RBI Governor’s address on the Monetary Policy. Interestingly, as the RBI Governor concluded his address, Nifty experienced a rapid decline, plummeting to a low of 21,665.30 during the trading session. The central bank’s remarks seemed to have influenced market sentiment, leading to heightened volatility.

Intraday Recovery and Closing Figures:

Despite a partial recovery, the index concluded the day at 21,717.95, marking a loss of 0.97%. The intraday movements underscored the market’s sensitivity to macroeconomic announcements and policy updates, emphasizing the need for investors to stay informed and agile.

BankNifty’s Response to Policy Shifts:

Simultaneously, the NIFTY Bank index also initiated the day with a gap up, commencing at 45,973.85 compared to the previous day’s closure at 45,818.50. However, the picture changed dramatically during the RBI Governor’s speech, as the index surged to a high of 46,181.20. The RBI’s emphasis on transparency in loan disclosure norms for banks prompted discernible cracks within the BankNifty. Nifty Bank made a low of 44,893.75 before closing at 45,012.00.

Foreign vs. Domestic Investor Cash Activity on 8 February 2024:

The trading activity of Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) on 8 February 2024 witnessed significant movements. FIIs offloaded shares worth 4,933.78 crores in the cash segment, while DIIs purchased equity worth 5,512.32 crores. The long-to-short ratio in FII index futures stood at 0.49, indicating a prevailing bearish sentiment among these investors.

Also Read:

• 9 February 2024: NSE Share Market Update
• NSE Share Bazaar Update on 7 February 2024
• NSE Share Bazaar Flourishes on 6 February 2024

FII Derivative Statistics for 8 February 2024:

You can refer to the image below for the FII derivative statistics for 8 February 2024.

Top Performers and Laggards:

In the Nifty index, top gainers included SBIN, BPCL, and POWERGRID, while KOTAKBANK, BRITANNIA, and AXISBANK emerged as the top losers. Similarly, within the BANKNIFTY index, SBIN, BANKBARODA, and PNB secured gains, whereas KOTAKBANK, AUBANK, and AXISBANK faced notable losses.

Option Chain Insights for NIFTY: 8 February 2024

The Option Chain data for NIFTY expiring on 15 February 2024 highlighted significant changes in Open Interest Calls and Puts. Investors closely monitored the shifts in these options contracts, which provided insights into the market’s sentiment and potential price movements.

Option Chain Insights for BANKNIFTY:

Meanwhile, in the BANKNIFTY index expiring on 14 February 2024, substantial shifts in Open Interest Calls and Puts were evident. Investors paid close attention to these changes to gauge market expectations and adjust their trading strategies accordingly.

Conclusion:

In conclusion, the trading session of 8 February 2024 reflected the market’s response to the RBI’s Monetary Policy announcement, with Nifty and BankNifty witnessing volatile movements. Additionally, the FII and DII trading activities, along with the Option Chain data, provided further insights into the market dynamics on this eventful day. Investors remained vigilant amid evolving economic policies and global market trends, navigating through the fluctuations with strategic decisions.

1. Nifty’s Performance and Market Dynamics

On the trading day of 7 February 2024, the Nifty index embarked on a promising note, opening with a gap up at 22,045.05, showing a positive inclination compared to the previous day’s close of 21,929.40. However, the optimism was short-lived as Nifty couldn’t sustain its initial gains. The index experienced a downward trajectory, touching a low of 21,860.15 during the trading session. Despite this setback, Nifty managed to recover from its intraday low and concluded the day almost unchanged, closing at 21,930.50, recording a minimal gain of 0.01%.

Today’s NSE Share Bazaar

2. BankNifty’s Movement and Investor Sentiment

Similarly, on 7 February 2024, NIFTY Bank initiated the day with a gap up, starting at 45,944.60, a jump from the preceding day’s closure at 45,690.80. The early enthusiasm pushed the index to a high of 46,062.85. However, as the day progressed, selling pressure ensued, causing BankNifty to retreat. The index touched a low of 45,620.50 before ultimately settling at 45,818.50, reflecting a modest increase of 0.28%.

3. FII and DII Activity in the Cash Segment on 7 February 2024

on 7 February 2024, in the realm of investor activity, Foreign Institutional Investors (FIIs) played a significant role, registering a net sell of ₹1,691.02 crores in the cash segment. On the flip side, Domestic Institutional Investors (DIIs) exhibited confidence in the market by purchasing equities worth ₹327.73 crores in the cash segment. This trend suggests a dynamic interplay between domestic and foreign investors, shaping market sentiment and direction.

FII Derivative Statistics for 7 February 2024:

You can download the image below for the FII derivative stats for 7 February 2024 for your reference:

4. Analysis of Long-to-Short Ratios

Delving into the data further, the long-to-short ratio in Index futures for FIIs stood at 0.52, indicating a higher inclination toward short positions. On the other hand, DIIs showcased a more balanced approach, with a long-to-short ratio of 0.64, reflecting a slightly conservative stance compared to FIIs.

Also Read:

• 8 February 2024: NSE Share Bazaar Stumbles
• 5 February 2024 Volatile Day on NSE Share Bazaar
• NSE Share Bazaar Flourishes on 6 February 2024

5. Performance of Nifty Index Components

Examining specific stock movements within the Nifty index, prominent gainers included SBIN, GRASIM, and HDFCLIFE, while TECHM, POWERGRID, and INFY emerged as notable losers.

6. Performance of BankNifty Index Components

Similarly, in the BANKNIFTY index, SBIN, AXISBANK, and PNB witnessed gains, whereas BANKBARODA, HDFCBANK, and BANDHANBNK experienced declines, shaping the overall performance of the banking sector.

7. Derivatives Market Insights

Option chain data for NIFTY and BANKNIFTY provided insights into the derivatives market. For NIFTY’s 8 February 2024 expiry, notable changes in open interest calls included 22000CE with an increase of 77,376 contracts and 21900CE with a surge of 49,323 contracts. Conversely, significant changes in open interest puts comprised 21900PE and 21800PE, witnessing rises of 45,383 and 21,386 contracts respectively.

8. Conclusion: Navigating Market Trends

In conclusion, the trading day of 7 February 2024 reflected a mix of optimism and caution within the NSE Share Bazaar. While initial gains were tempered by selling pressure, investor activity, and derivatives data indicate a nuanced market sentiment. With intricate dynamics at play, market participants remain vigilant, navigating through evolving trends and opportunities in the ever-dynamic landscape of the stock market.

On 6 February 2024, the NSE Share Bazaar witnessed dynamic movements, marked by significant indices’ performances and intriguing FII/DII trading activities. Let’s delve into the details of how Nifty, BankNifty, and other key indices fared, along with a closer look at the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) trading behavior. Additionally, we’ll explore the option chain data, offering insights into the market sentiment and potential trends.

Today’s NSE Share Bazaar

NIFTY Index Performance:

The NSE NIFTY index commenced the day with a promising gap up at 21,825.20, showcasing bullish momentum. Throughout the trading session, it demonstrated resilience, surging to an intraday high of 21,951.40 before settling at 21,929.40, indicating a commendable gain of 0.72%. Notably, key players like TCS and INFY played pivotal roles in driving these gains, particularly buoying the NIFTY IT Index to the top among sectoral indices.

BANKNIFTY Index Analysis:

In contrast, the NIFTY Bank index began with marginal gains at 45,891.20 but encountered hurdles as the day progressed. Despite reaching an initial high of 45,932.15, it struggled, ultimately closing at 45,690.80, reflecting a decline of 0.29%. This performance underscores the mixed sentiments prevailing within the banking sector on this trading day.

Also Read:

• NSE Share Bazaar Update on 7 February 2024
• 5 February 2024 Volatile Day on NSE Share Bazaar
• 2 February 2024: NSE Share Bazaar

FII and DII Trading Activity: On 6 February 2024

FII and DII trading activities provided additional insights into market dynamics. On 6 February 2024, FIIs purchased equities worth 92.52 crores in the cash segment, indicating their continued interest in the Indian market. Simultaneously, DIIs exhibited robust participation, buying equities worth 1,096.26 crores, underscoring their confidence in the domestic market’s potential.

FII Derivative Statistics for 6 February 2024:

You can download the image below for the FII derivative stats for 6 February 2024 for your reference:

Option Chain Analysis:

Analyzing the option chain data, particularly for BankNifty’s 7 February 2024 expiry, reveals intriguing insights. Noteworthy changes in open interest calls and puts suggest potential market movements. Calls at 45700CE, 45800CE, and 46000CE witnessed significant increases, indicating bullish sentiments. Conversely, certain puts, such as 45900PE and 46000PE, experienced declines, possibly indicating a shift in market sentiment toward the bullish side.

For NIFTY‘s 8 February 2024 expiry, notable changes in open interest calls and puts provide further insights. While calls like 22000CE, 21800CE, and 21900CE witnessed reductions, suggesting a bearish sentiment, puts such as 22000PE, 21900PE, and 21800PE saw notable increases, hinting at potential support levels.

Conclusion:

In conclusion, the NSE Share Bazaar on 6 February 2024 showcased a blend of optimism and caution, with NIFTY exhibiting strength while BankNifty faced challenges. FII and DII activities indicated ongoing interest and confidence in the market, while option chain data hinted at potential market movements and sentiment shifts. As investors navigate through these dynamics, staying informed and adaptive is paramount to capitalizing on emerging opportunities within the Indian share market.

Selling Pressure on 5 February 2024

On 5 February 2024, the NSE Share Bazaar experienced a day marked by volatility, with the Nifty index displaying erratic movements. The day commenced with a gap-up opening for the Nifty at 21,921.05, compared to the previous day’s close of 21,853.80. However, this initial surge was short-lived as the index encountered selling pressure, leading it to touch a low of 21,726.95 within the first hour and a half of trading. Despite sporadic fluctuations throughout the day, the Nifty eventually closed at 21,771.70, registering a loss of 0.38% compared to the previous day’s close.

Today’s NSE Share Bazaar

Similarly, the NIFTY Bank index opened flat at 45,962.25, in contrast to the previous day’s closing figure 45,970.95. The index briefly surged to a high of 46,048.60 by noon, only to witness a downturn later in the session, resulting in a low of 45,615.10. The day concluded with the BankNifty index closing at 45,825.55, down by 0.32% from the previous day’s close.

FII and DII Activity:

Amidst the market fluctuations, the trading activities of Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) played a crucial role. On 5 February 2024, FIIs made a notable purchase of ₹518.88 crores in the cash segment, while DIIs sold equities worth ₹1,188.68 crores, contributing to the overall market dynamics.

Also Read:

• NSE Share Bazaar Flourishes on 6 February 2024
• 2 February 2024: NSE Share Bazaar
• NSE Share Bazaar Update – 1 February 2024

FII Derivative Statistics for 5 February 2024:

You can download the image below for the FII derivative stats for 5 February 2024 for your reference:

Option Chain Data:

Analysing the Option Chain data for NIFTY with an expiry date of 8 February 2024, significant changes in Open Interest were observed. Among the call options, the 21,700CE and 21,800CE witnessed decreases in Open Interest by 35,466 and 31,950 contracts respectively, while the 21,900CE saw an increase of 8,560 contracts. On the put side, the 22,000PE registered a substantial increase in Open Interest with 29,008 contracts, followed by the 21,900PE and 21,800PE with increases of 40,293 and 28,007 contracts respectively.

In the case of BANKNIFTY, with an expiry date of 7 February 2024, the Option Chain data highlighted noteworthy changes. The call options, particularly the 46,000CE and 45,500CE, witnessed decreases in Open Interest by 36,693 and 7,559 contracts respectively, whereas the 45,900CE recorded an increase of 6,523 contracts. Conversely, the put options saw significant changes, with the 46,500PE observing the highest increase in Open Interest by 24,287 contracts, while the 46,000PE and 46,100PE experienced declines of 42,142 and 10,186 contracts respectively.

In conclusion, the trading session on 5 February 2024 exhibited volatility in the NSE Share Bazaar, influenced by various factors including index movements, FII/DII activities, and changes in Option Chain data. Investors and traders navigated through these fluctuations, leveraging data insights to make informed decisions in the dynamic market environment.

Explore market trends on 2 February 2024 with comprehensive FII/FPI derivative data. Gain insights into NSE’s dynamic performance in this informative analysis.

Today’s NSE Share Bazaar

On 2 February 2024, the NSE Share Bazaar showcased significant volatility following the Budget day. The Nifty index opened with a gap up at 21,812.75, surpassing the previous close of 21,697.45. In the first half of trading until noon, the Nifty reached a new life high of 22,126.80. However, a shift in market sentiment led to selling pressure in private banks, resulting in a low of 21,812.75 within the next hour and a half. The Nifty eventually closed at 21,853.80, securing a gain of 0.72%. Notably, more than half of its initial gains were lost in the later part of the trading session, primarily attributed to weakness in the banking sector.

The NIFTY Bank also witnessed a positive opening at 46,568.20 compared to the previous day’s close of 46,188.65. It reached a high of 46,892.35 at noon but experienced sudden selling pressure, leading to a low of 45,901.25. The BankNifty closed near the day’s low at 45,970.95, marking a decrease of 0.47%. A stark contrast was observed between Nifty, which ended the day up 0.72%, and BankNifty, which closed down 0.47%. The BankNifty saw a significant dip of nearly 1000 points from its intraday highs.

Also Read:

• NSE Share Bazaar Update – 1 February 2024
• 5 February 2024 Volatile Day on NSE Share Bazaar
• Bulls Charge Ahead on 31 January 2024 with Robust FII DII Data

Market Indices Overview: On 2 February 2024

NIFTY:

• Open: 21,812.75
• High: 22,126.80
• Low: 21,805.55
• Close: 21,853.80
• Previous Close: 21,697.45
• Change: 0.72%

Top gainers in NIFTY:

• BPCL
• POWERGRID
• ONGC

Top losers in NIFTY:

• EICHER MOTORS
• AXIS BANK
• HDFC LIFE

BANKNIFTY:

• Open: 46,568.20
• High: 46,892.35
• Low: 45,901.25
• Close: 45,970.95
• Previous Close: 46,188.65
• Change: -0.47%

Top gainers in BANKNIFTY:

• PNB
• BANDHAN BANK
• KOTAK BANK

Top losers in BANKNIFTY:

• AXIS BANK
• HDFC BANK
• AU BANK

Other Market Indices:

• NIFTY NEXT 50: +0.78%
• NIFTY AUTO: +0.27%
• NIFTY MIDCAP 50: +0.95%
• NIFTY FMCG: -0.18%
• NIFTY IT: +2.16%
• NIFTY METAL: +2.37%
• NIFTY PHARMA: -0.74%
• NIFTY PSU BANK: +2.22%

FII and DII Activity:

On 2 February 2024, FII/FPIs and DIIs exhibited active trading in the capital market segment. FII bought equities worth ₹70.69 crores, while DIIs bought equities valued at ₹2,463.16 crores. This trading activity reflected the dynamic nature of the market on that particular day.

FII Derivative Statistics for 2 February 2024:

You can download the image below for the FII derivative stats for 2 February 2024 for your reference:

Option Chain Data:

For NIFTY (8 Feb 2024 Expiry):

• Top three changes in Open Interest Calls:
  • 21700CE: -35,466
  • 21800CE: -31,950
  • 21900CE: 8,560
• Top three changes in Open Interest Puts:
  • 22000PE: 29,008
  • 21900PE: 40,293
  • 21800PE: 28,007

For BANKNIFTY (7 Feb 2024 Expiry):

• Top three changes in Open Interest Calls:
  • 46000CE: -36,693
  • 45500CE: -7,559
  • 45900CE: 6,523
• Top three changes in Open Interest Puts:
  • 46500PE: 24,287
  • 46100PE: -10,186
  • 46000PE: -42,142

conclusion:

In conclusion, the trading day of 2 February 2024 witnessed notable market movements, especially in the banking sector. The Nifty’s resilience amid the volatility and the contrasting performance of the BankNifty highlight the diverse dynamics at play in the NSE Share Bazaar on that particular day. Investors closely monitored FII/FPI and DII activities, recognizing the impact of these institutional players on market trends. The option chain data further provides insights into the expectations and strategies of market participants in the upcoming sessions.

A comprehensive overview of the market performance and key indices on the interim budget day.

On 1 February 2024, the National Stock Exchange (NSE) witnessed a dynamic day of trading, marked by volatility and notable movements in various indices. The focus of the day was the Interim Budget, influencing market sentiment and shaping the day’s trading patterns.

Today’s NSE Share Bazaar

NSE NIFTY Performance: On 1 February 2024

The Nifty opened at 21,780.65, showcasing a slight gain compared to the previous close of 21,725.70. The initial trade saw the index touching a low of 21,658.75 before the budget speech. Subsequently, a recovery took place, reaching a high of 21,832.95. The day concluded with a closing price of 21,697.45, reflecting a marginal loss of -0.13%. Despite the volatility, the market maintained a range. Notable gainers in the Nifty Index included MARUTI, POWERGRID, and CIPLA, while GRASIM, LT, and ULTRACEMCO faced losses.

BANKNIFTY Resilience:

BANKNIFTY opened with a slight gain at 46,164.90, compared to the previous day’s close of 45,996.80. After a dip to 45,668.35 in the first hour, the index rebounded, reaching a high of 46,306.90. The day concluded with a closing price of 46,188.65, marking a positive change of 0.42%. In contrast to Nifty’s performance, BANKNIFTY closed in the green, with top gainers including PNB, BANKBARODA, and AXISBANK, while BANDHANBNK, IDFCFIRSTB, and FEDERALBNK faced losses.

Market-Wide Volatility:

The market, on the whole, exhibited volatility on 1 February 2024. Foreign Institutional Investors (FII) sold shares worth 1,879.58 crores in the cash segment, while Domestic Institutional Investors (DII) bought equity worth 872.49 crores. This divergence in trading activities contributed to the overall market dynamics.

Key Index Movements: On 1 February 2024

• NIFTY NEXT 50: The index opened at 55,673.85, reaching a high of 55,858.30 and a low of 55,168.60. The day concluded with a positive change of 0.38%, closing at 55,508.85.
• NIFTY AUTO: Starting at 19,351.85, the index reached a high of 19,559.55 and a low of 19,283.35. Closing with a positive change of 0.53%, the index concluded at 19,328.70.
• NIFTY MIDCAP 50: The index opened at 13,672.35 and maintained a range throughout the day. Closing at 13,529.35, it experienced a change of -0.67%.
• NIFTY FMCG: Opening at 55,205.85, the index reached a high of 55,792.00 and a low of 55,114.20. Closing with a positive change of 0.26%, the index concluded at 55,215.80.
• NIFTY IT: Starting at 36,632.50, the index reached a high of 36,951.40 and a low of 36,451.15. Closing with a negative change of -0.28%, the index concluded at 36,534.55.
• NIFTY METAL: Opening at 8,000.15, the index reached a high of 8,003.80 and a low of 7,869.60. Closing with a negative change of -1.03%, the index concluded at 7,891.05.
• NIFTY PHARMA: Starting at 18,004.60, the index reached a high of 18,053.10 and a low of 17,734.75. Closing with a negative change of -0.55%, the index concluded at 17,839.20.
• NIFTY PSU BANK: The index opened at 6,304.40, reaching a high of 6,500.10 and a low of 6,217.15. Closing with a significant positive change of 3.11%, the index concluded at 6,466.45.

Also Read:

• 2 February 2024: NSE Share Bazaar
• Bulls Charge Ahead on 31 January 2024 with Robust FII DII Data
• 30 January 2024 NSE Share Bazaar

FII/FPI & DII Trading Activity:

On 1 February 2024, in the Capital Market segment, DIIs were net buyers with a value of 872.49 crores, whereas FIIs were net sellers with a value of -1,879.58 crores.

FII Derivative Statistics for 1 February 2024

You can download the image below for the FII derivative stats for 1 February 2024 for your reference:

Option Chain Data:

For NIFTY with an 8 Feb 2024 Expiry:

• Top Three Changes in Open Interest Calls:
  1. 21700CE: 40,902
  2. 21800CE: 39,418
  3. 21900CE: 28,126
• Top Three Changes in Open Interest Puts:
  1. 21800PE: 20,212
  2. 21700PE: 55,476
  3. 21600PE: 28,158

For BANKNIFTY with a 7 Feb 2024 Expiry:

• Top Three Changes in Open Interest Calls:
  1. 46000CE: 86,572
  2. 46200CE: 34,779
  3. 46300CE: 40,968
• Top Three Changes in Open Interest Puts:
  1. 46300PE: 18,805
  2. 46200PE: 30,150
  3. 46000PE: 89,341

In summary, 1 February 2024 proved to be an eventful day for the NSE Share Bazaar, with indices experiencing fluctuations, and FII DII data indicating divergent trading sentiments. Investors closely monitored the market movements influenced by the Interim Budget.

As the NSE Share Bazaar experienced a dynamic day on 31 January 2024, investors and traders eagerly anticipate the Interim Union Budget scheduled for 1st February 2024. Against this backdrop, indices showcased a roller-coaster ride, with NIFTY and BANKNIFTY playing pivotal roles. Let’s delve into the key data points and trends that shaped the day’s trading, all while keeping an eye on the forthcoming budgetary developments.

Today’s NSE Share Bazaar

NIFTY Index Movements: Bulls Regain Control

The NSE NIFTY kicked off the day at 21,487.25, slightly lower than the previous day’s close at 21,522.10. Initial weakness saw NIFTY touch a low of 21,448.85 before staging a robust recovery. Bulls took charge, propelling the index to a high of 21,741.35. Closing near the day’s peak at 21,725.70, NIFTY recorded a notable gain of 0.95%.

Comparing the top gainers and losers in the NIFTY index, pharmaceutical giant DRREDDY, automotive leader EICHERMOT, and healthcare stalwart SUNPHARMA emerged as the winners. On the flip side, engineering major LT, jewelry and watch titan TITAN, and energy heavyweight BPCL faced setbacks.

BANKNIFTY Resilience: Financial Stocks Lead Recovery

BANKNIFTY opened weak at 45,295.65 but swiftly rebounded from a low of 45,071.20. Led by financial stocks, the index marked a high of 46,179.75, closing the day at 45,996.80 with a notable gain of 1.39%. The banking sector’s resilience underscored the market’s bullish sentiment.

Top gainers in the BANKNIFTY index included Punjab National Bank (PNB), Bank of Baroda (BANKBARODA), and State Bank of India (SBIN). Surprisingly, all stocks closed in the green, showcasing the sector’s collective strength.

Index Highlights Beyond NIFTY and BANKNIFTY: Sectoral Insights

Beyond the major indices, other sectors also displayed significant movements on 31 January 2024. NIFTY NEXT 50, the index representing the mid-cap segment, showed a change of 0.86%, closing at 55,299.25. NIFTY AUTO surged by 1.85%, NIFTY MIDCAP 50 saw a 1.07% uptick, and NIFTY FMCG and NIFTY IT recorded changes of 0.91% and 0.70%, respectively.

NIFTY METAL and NIFTY PHARMA exhibited robust performances, each gaining 1.39% and 2.68%, respectively. NIFTY PSU BANK, representing the public sector banks, showed a remarkable change of 2.27%, closing at 6,271.65.

FII and DII Data For 31 January 2024: Foreign and Domestic Investors Fueling the Rally

Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) played a pivotal role in shaping the market dynamics on 31 January 2024. FII made significant buys, totaling ₹26,054.03 crores, while DII displayed strong buying activity at ₹15,596.89 crores. The net effect resulted in a robust infusion of liquidity into the market, with FII/FPI and DII contributing ₹1,660.72 crores and ₹2,542.93 crores, respectively.

Also Read:

• NSE Share Bazaar Update – 1 February 2024
• 30 January 2024 NSE Share Bazaar
• NSE Share Bazaar Witnesses Bullish Surge on 29 January 2024

FII Derivative Statistics for 31 January 2024

You can download the image below for the FII derivative stats for 31 January for your reference:

Option Chain Analysis: NIFTY and BANKNIFTY Strategies

Examining the option chain data on 31 January 2024, for NIFTY and BANKNIFTY expiring on 1st and 7th February 2024, respectively, reveals interesting insights into market sentiment. For NIFTY, the top three changes in Open Interest Calls include 21900CE (+49,574), 21600CE (-27,245), and 21800CE (+11,643). On the put side, 21800PE (+11,717), 21700PE (+39,619), and 21600PE (+29,373) dominate.

BANKNIFTY’s option chain for 7th February 2024 shows notable changes in Open Interest Calls with 46000CE (+23,922), 46200CE (+17,590), and 45500CE (+7,908). The top three changes in Open Interest Puts are 46000PE (+45,465), 45500PE (+24,917), and 46100PE (+7,787). These insights into option chain data offer a glimpse into traders’ strategies and market expectations.

Interim Union Budget: A Game-Changer on 1st February

Against this backdrop of market dynamism, investors eagerly await the Interim Union Budget scheduled for 1st February 2024. The budget announcement is poised to influence market sentiment and direction, with sectors closely watching for policy changes and fiscal measures that could impact their respective industries.

Conclusion: 31 January 2024 – A Day of Bulls and Institutional Support Amid Budgetary Anticipation

In conclusion, 31 January 2024 marked a day of bullish momentum in the NSE Share Bazaar, coinciding with the anticipation of the Interim Union Budget. Both NIFTY and BANKNIFTY showcased resilience, guided by strong performances in key sectors. FII and DII activity infused liquidity, reinforcing the positive sentiment. Traders and investors closely monitoring the option chain data indicate strategic moves in response to evolving market conditions. As we navigate the intricate world of financial markets, the data from 31 January 2024 suggests a market fueled by optimism, strategic trading, and institutional support, all with an eye on the upcoming budgetary announcements.