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Published on 14/03/2018 10:03:17 AM | Source: LKP Securities Ltd

Nifty March 2018 futures closed at 10426.40 on Tuesday, at a discount of 0.45 points - LKP Sec

Posted in Market Outlook| #Market Outlook #LKP Securities Ltd

MARKET OVERVIEW

The India Volatility Index (VIX), a gauge for market’s short term expectation of volatility decreased by 0.21% and reached 14.46.

Nifty March 2018 futures closed at 10426.40 on Tuesday, at a discount of 0.45 points over spot closing of 10426.85.

Nifty April 2018 futures ended at 10455.65, at a premium of 28.80 points over spot closing.

Nifty March futures saw a contraction of 0.44 million (mn) units, taking the total outstanding open interest (OI) to 22.15 mn units.

The Nifty Put Call Ratio (PCR) finally stood at 1.01 for March month contract.

The top five scrips with highest PCR on OI were MRPL (1.40), Cummins India (1.39), Repco Home Finance (1.25), Allahabad Bank (1.15) and Andhra Bank (1.14).

From the most active contracts, Tata Consultancy Services March 2018 futures traded at a premium of 16.00 points at 2902.10 compared with spot closing of 2886.10. The numbers of contracts traded were 58,168.

State Bank of India March 2018 futures traded at a premium of 1.85 points at 255.95 compared with spot closing of 254.10. The numbers of contracts traded were 33,874.

Punjab National Bank March 2018 futures traded at a premium of 1.00 points at 98.25 compared with spot closing of 97.25. The numbers of contracts traded were 33,694.

Canara Bank March 2018 futures traded at a premium of 2.20 points at 252.95 compared with spot closing of 250.75. The numbers of contracts traded were 26,361.

Bank of India March 2018 futures traded at a premium of 0.85 points at 102.65 compared with spot closing of 101.80. The numbers of contracts traded were 24,211.

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