
Men ride on an escalator past an electronic screen and ticker board displaying stock figures at the Singapore Exchange Ltd. (Photographer: Ore Huiying/Bloomberg)
Live: Nifty Futures Suggests Stock Losses; HDFC Bank, M&M, SBI In Focus
BQ Live
Your Complete F&O Trade Setup
April Futures
- Nifty open interest up 1 percent adds 1.7 lakh shares in open interest.
- Bank Nifty open interest unchanged.
- Nifty futures premium at 70.4 points, closed trading at 11,742.3.
- Bank Nifty futures premium at 201 points Vs 165.56, closed trading at 30,314.8.
Options
- Nifty PCR at 1.47 versus 1.38 (across all series).
Nifty Weekly Expiry (April 11)
- Max open interest at 11,800 Call (18.3 lakh shares), 11,600 Put (18 lakh shares) and 11,500 Put (15.5 lakh shares).
- Open interest addition seen at 11,850 Call strike, adds 6.4 lakh shares in open interest.
- Open interest addition seen at 11,600 Put, adds 5.3 lakh shares.
- Open interest shedding seen at 11,700 Call strike, sheds 8 lakh shares in open interest.
Nifty Monthly Expiry (April 25)
- Max open interest at 12000 Call (28.7 lakh shares) and 11,000 Put (27.2 lakh shares).
- Open interest addition seen for put strikes 11,600 and 11,500.
Stocks In F&O Ban
In Ban:
- Adani Power
- DLF
- IDBI
- Jet Airways
- PC Jeweller
- Reliance Power
- Wockhardt
Brokerage Radar: Aditya Birla Fashion, Blue Star, ICICI Prudential
Jefferies on ICICI Prudential
- Maintained ‘Underperform’ with a price target of Rs 285.
- Growth highly cyclical, but loss of HNI customer base more worrying.
- VNB growth to be tepid & margin is peaking out.
- Upside triggers missing, near-term outlook weak.
JMFinancial on Blue Star
- Initiated ‘Hold’ with a price target of Rs 700.
- Well placed to further increase its market share, but will be an uphill task.
- Domestic investments to rise amidst rising duties and depreciating rupee.
- Rising domestic investments and depreciating rupee may restrict margin expansion.
Motilal Oswal on Aditya Birla Fashion
- Initiated ‘Buy’ with a price target of Rs 260.
- Healthy portfolio mix to help sustain growth.
- Revamped Pantaloons set to drive earnings.
- Healthy balance sheet, growing cash flow.
- Expect overall Revenue and Ebitda to grow at a compounded annual growth rate of 14 percent and 23 percent over FY19-21.
Trading Tweaks: Stocks Moving Into ASM Framework
- Bajaj Healthcare record date for bonus issue at 1:1.
- HT Media record date for demerger.
Stocks Moving Into Short-Term ASM Framework:
- Indo Count Industries
- Religare Enterprises
- Dilip Buildcon
- Arvind Fashions
- Arshiya
- Ganesha Ecosphere
- MT Educare
- Bharat Road Network
- Bharat Road Network
- JBF Industries
- Matrimony.Com
- Lakshmi Vilas Bank
Stocks Moving Into ASM Framework:
- Cantabil Retail India
- Dhampure Speciality Sugars
- Mishtann Foods
- Reliance Communications
- Vikas Proppant & Granite
Pledge Share Details: Ashok Leyland, Max Financial Services
- Max Financial Services promoter group Max Ventures Investment Holdings created pledge of 23.3 lakh shares on April 4.
- Ashok Leyland promoter Hinduja Automotive created pledge of 3.9 crore shares on April 8.
- Adani Enterprises promoter group Gautam Adani revoked pledge of 23.2 lakh shares on April 5.
- Emami promoter groups released pledge of 12.77 lakh shares on April 5.
- Bajaj Consumer Care promoter Bajaj Resources created pledge of 35.6 lakh shares on April 5.
- Adani Transmission promote group Gautam Adani released pledge of 31.48 lakh shares on April 5.
- Max India promoter group Max Ventures Investment Holdings created a pledge of 12 lakh shares on April 4.
(As reported on April 9)
Bulk Deals: MEP Infra Developers, PRICOL
- Zee Media: IFCI sold 32.4 lakh shares (0.69 percent) at Rs. 15.23 each.
PRICOL
- AKG Finvest acquired 9.7 lakh shares (1.03 percent) at Rs.34.5 each.
- Ashmore India Opportunities Fund sold 10.9 lakh shares (1.15 percent) at Rs 34.5 each.
MEP Infra Developers
- Monarch Infra Ventures acquired 12.5 lakh shares (0.69 percent) at Rs. 40.15 each.
- Premjayanti Enterprise acquired 13.5 lakh shares (0.74 percent) at Rs. 40.15 each.
- GMO Emerging Illiquid Mauritius Fund sold 51.8 lakh shares (2.82 percent) at Rs.40.15 each.