Nifty settles December F&O expiry below 10500, Sensex ends marginally lower

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9:19 AM

Markets at open

 

At 9:18 am, the S&P BSE Sensex was trading at 33,928, up 17 points, while the broader Nifty50 was ruling at 10,498, up 7 points. 

 

S&P BSE Sensex	33,972.21		0.18%
Nifty 50	10,508.60		0.17%
S&P BSE 200	4,664.70		0.18%
Nifty 500	9,438.25		0.00%
S&P BSE Mid-Cap	17,716.04		0.24%
S&P BSE Small-Cap	19,073.77		0.13%

9:07 AM

Govt to borrow Rs 50,000 cr more this financial year

The Centre looks set to breach the fiscal deficit target this year, with lower-than-expected revenue prompting it to go for additional borrowing of Rs 50,000 crore from the market. The borrowing is over and above the budget estimate of Rs 5.80 lakh crore for 2017-18, which would lead to the government missing its fiscal deficit target of 3.2 per cent of the gross domestic product (GDP) for the first time in four years.

 

At the same time, the government lowered its borrowing through short-term treasury bills by Rs 61,203 crore. This has made the task of exactly calculating the fiscal deficit a bit tedious exercise. READ FULL REPORT

8:56 AM

Stocks in news

 

Vedanta: to buy majority stake in Japan's AvanStrate Inc

 

Axis Bank: Sebi asks inquiry on leakage of results in 3-mos

 

Star Cement: Star, unit get 1.59b rupees Capital Investment Subsidy

8:55 AM

Rollovers

 

Rollovers for the Nifty for the December series came in at 50.7% so far as compared to 46.2% in November.

8:52 AM

Mixed positions in index future, stay light: Angel Broking

 

In Nifty options front, we saw good amount of open interest addition in 10550 and 10600 call options; followed by unwinding in 10300-10500 strikes. On the other side, except for some build-up in 10550 put option, we hardly saw any strike adding fresh positions. However, good amount of unwinding was seen in 10400 and 10500 put options.

 

In the recent up move, we saw good amount of positions forming in index futures; but, daily open interest activity hints these are blend of both long and short positions.  Rollover in Nifty is on the higher side at 50.70%, suggesting these positions are being rolled too. At current jucture, the F&O data remains unclear for us; hence, traders are advised to stay light in index and prefer stock specific approach as they have better risk reward ratio.

8:51 AM

Wall Street on Wednesday

US stocks eked out a slight gain on Wednesday, as advances in some major technology stocks offset losses in energy and helped keep major indexes just above the unchanged mark.

 

The Dow Jones Industrial Average rose 28.09 points, or 0.11% to 24,774.3, the S&P 500 gained 2.12 points, or 0.08% to 2,682.62 and the Nasdaq Composite added 3.09 points, or 0.04% to 6,939.34.

8:49 AM

Asian markets 

 

Asian shares rose to a one-month high. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1% at 563.86 points, a level last visited in late November. It has rocketed 32% in the year so far.

 

MSCI world equity index, which tracks shares in 47 countries, also held near record highs. It has surged 21.5% this year. 

8:42 AM

Singapore Nifty

 

At 8:40 am, SGX Nifty was trading at 10,527, up 33 points or 0.32%, indicating higher opening for the markets.

8:39 AM

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