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20-Jun-2019   17:53 Hrs IST Nifty gives powerful performance; surpasses 11,800 mark <p align="justify">Domestic index S&amp;P CNX Nifty gave powerful performance by surging over a percent on Thursday, surpassing its psychological level of 11,800 amid positive global cues. Initially, the index made a soft opening, as traders remained cautious with a report that the United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally. The US government plan to cap H-1B visas issued each year to Indians at between 10% and 15% of the annual quota. There is no current country-specific limit on the 85,000 H-1B work visas granted each year and an estimated 70% go to Indians. Market gained traction in late morning trade, taking support from Commerce and Industry Minister Piyush Goyals' statement that the government will not allow foreign companies to operate in multi-brand segment and necessary action will be taken against people indulging in predatory pricing. Traders also took note of a private report that India's benchmark 10-year bond yields dropped to their lowest in 20 months after the US Federal Reserve signalled possible interest rate cuts later this year, while buying from state-run banks also aided.</p><p align="justify">Market continued its bull run to reach at fresh intraday high point in last leg of trade, taking support from President Ram Nath Kovind's statement that the government will soon announce a new industrial policy aimed at promoting the growth of industries and creation of jobs. Sentiments got boost after Central Board of Indirect Taxes and Customs (CBIC) reported that all genuine exporters will continue to get their Indirect Goods and Services Tax (IGST) refunds in a timely manner in a fully automated environment. Traders paid no heed towards report that DBS Bank revised India's GDP growth for fiscal year 2020 downwards to 6.8 per cent year-on-year (Y-o-Y) from 7 per cent projected earlier, citing headwinds for exports amidst challenging trade outlook.</p><p align="justify">All sectoral indices ended in green on NSE. The top gainers from the F&amp;O segment were Jet Airways (India), Reliance Infrastructure and Reliance Capital. On the other hand, the top losers were UPL, V-Guard Industries and InterGlobe Aviation. In the index option segment, maximum OI continues to be seen in the 11,900-12,100 calls and 11,600-11,800 puts indicating this is the trading range expectation.</p><p align="justify"><img width="677" height="367" alt="" src="http://123.108.34.150/News/News/UploadFiles/20%20june.jpg"><br></p><p align="justify">India Volatility Index (VIX), a gauge for market's short term expectation of volatility decreased by 4.96 and reached 14.00. The 50-share Nifty was up by 140.30 points or 1.20% to settle at 11,831.75.</p><p align="justify">Nifty June 2019 futures closed at 11849.45 on Thursday, at a premium of 17.70 points over spot closing of 11831.75, while Nifty July 2019 futures ended at 11883.85, at a premium of 52.10 points over spot closing. Nifty June futures saw a contraction of 0.42 million (mn) units, taking the total outstanding open interest (OI) to 17.40 mn units. The near month derivatives contract will expire on June 27, 2019. </p><p align="justify">From the most active contracts, Yes Bank June 2019 futures traded at a discount of 0.15 points at 114.85 compared with spot closing of 115.00. The numbers of contracts traded were 73,217. </p><p align="justify">Indiabulls Housing Finance June 2019 futures traded at a discount of 2.45 points at 600.55 compared with spot closing of 603.00. The numbers of contracts traded were 68,323. </p><p align="justify">UPL June 2019 futures traded at a premium of 2.25 points at 872.25 compared with spot closing of 870.00. The numbers of contracts traded were 33,667. </p><p align="justify">IndusInd Bank June 2019 futures traded at a premium of 1.30 points at 1439.30 compared with spot closing of 1438.00. The numbers of contracts traded were 32,720. </p><p align="justify">ICICI Bank June 2019 futures traded at a discount of 1.20 points at 431.80 compared with spot closing of 433.00. The numbers of contracts traded were 31,342.&nbsp; </p><p align="justify">Among Nifty calls, 11,800 SP from the June month expiry was the most active call with a contraction of 0.02 million open interests. Among Nifty puts, 11,700 from the June month expiry was the most active put with an addition of 1.09 million open interests. The maximum OI outstanding for Calls was at 12,000 SP (2.79 mn) and that for Puts was at 11,700 SP (3.58 mn). The respective Support and Resistance levels of Nifty are: Resistance 11,905.15 -- Pivot Point 11,770.10 -- Support -- 11,696.70.</p><p align="justify">The Nifty Put Call Ratio (PCR) finally stood at 1.37 for June month contract. The top five scrips with highest PCR on OI were Bosch (1.64), TCS (1.62), MRPL (1.39), Titan Company (1.35) and Birlasoft (1.27).</p><p align="justify">Among most active underlying, State Bank of India witnessed a contraction of 1.28 million units of Open Interest in the June month futures contract, followed by Reliance Industries witnessing a contraction of 1.27 million units of Open Interest in the June month contract, Indiabulls Housing Finance witnessed a contraction of 1.62 million units of Open Interest in the June month contract, ICICI Bank witnessed a contraction of 0.68 million units of Open Interest in the June month contract and Maruti Suzuki India witnessed a contraction of 0.07 million units of Open Interest in the June month future contract.<br></p>
20-Jun-2019   17:46 Hrs IST Nifty June 2019 futures close at a premium of 17.70 points over spot closing <p align="justify">Nifty June 2019 futures closed at 11849.45 on Thursday, at a premium of 17.70 points over spot closing of 11831.75, while Nifty July 2019 futures ended at 11883.85, at a premium of 52.10 points over spot closing. Nifty June futures saw a contraction of 0.42 million (mn) units, taking the total outstanding open interest (OI) to 17.40 mn units. The near month derivatives contract will expire on June 27, 2019. </p><p align="justify">From the most active contracts, Yes Bank June 2019 futures traded at a discount of 0.15 points at 114.85 compared with spot closing of 115.00. The numbers of contracts traded were 73,217. </p><p align="justify">Indiabulls Housing Finance June 2019 futures traded at a discount of 2.45 points at 600.55 compared with spot closing of 603.00. The numbers of contracts traded were 68,323. </p><p align="justify">UPL June 2019 futures traded at a premium of 2.25 points at 872.25 compared with spot closing of 870.00. The numbers of contracts traded were 33,667. </p><p align="justify">IndusInd Bank June 2019 futures traded at a premium of 1.30 points at 1439.30 compared with spot closing of 1438.00. The numbers of contracts traded were 32,720. </p><p align="justify">ICICI Bank June 2019 futures traded at a discount of 1.20 points at 431.80 compared with spot closing of 433.00. The numbers of contracts traded were 31,342.&nbsp; <br></p>
20-Jun-2019   09:28 Hrs IST FIIs were net buyers of Rs 1247.92 crore in index futures and options segments on June 19
20-Jun-2019   09:25 Hrs IST F&O total turnover stood at Rs 15,36,664.31 crore on June 19
19-Jun-2019   17:57 Hrs IST Nifty closes slightly in red
19-Jun-2019   17:50 Hrs IST Nifty June 2019 futures close at a premium of 17.15 points over spot closing
19-Jun-2019   09:27 Hrs IST FIIs were net buyers of Rs 1004.41 crore in index futures and options segments on June 18
19-Jun-2019   09:26 Hrs IST F&O total turnover stood at Rs 11,74,332.30 crore on June 18
18-Jun-2019   17:45 Hrs IST Nifty June 2019 futures close at a premium of 9 points over spot closing
18-Jun-2019   17:11 Hrs IST Nifty finishes slightly in green; surpasses 11,650 mark

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