Live: Sensex, Nifty Choppy Dragged By I.T.; India Volatility Index Up 7%

Live: Sensex, Nifty Choppy Dragged By I.T.; India Volatility Index Up 7% thumbnail
Mar 11 2020, 8:03 AMMar 11 2020, 12:06 PMMarch 11 2020, 8:03 AMMarch 11 2020, 12:06 PM 06:36 AMMarkets At NoonNifty trades 0.33 percent higher at 10,486Sensex trades 0.52 percent higher to 35,823Nifty Bank outperforms; trades 0.75 percent higher at 26,657Nifty open interest up 8.3 percent; futures trade at a discount of 32 pointsNifty Bank…

Mar 11 2020, 8:03 AMMar 11 2020, 12:06 PMMarch 11 2020, 8:03 AMMarch 11 2020, 12:06 PM 06:36 AMMarkets At NoonNifty trades 0.33 percent higher at 10,486Sensex trades 0.52 percent higher to 35,823Nifty Bank outperforms; trades 0.75 percent higher at 26,657Nifty open interest up 8.3 percent; futures trade at a discount of 32 pointsNifty Bank open interest up 27.8 percent; futures trade at a discount of 23.5 pointsStocks advancing on NSE: 769Stocks declining on NSE: 761Sectoral Gainers: Nifty Bank, Nifty Media, Nifty Financial ServicesSectoral Laggards: Nifty I.T., Nifty Metal, Nifty Pharma, Nifty Realty 06:28 AMMarkets Face Near-Term Challenges, Says Kenneth AndradeOld Bridge Capital’s Kenneth Andrade believes that the markets will see near-term challenges and it will be a little expensive to navigate through it. “But it remains unclear how this will emerge in the medium-term,” Andrade told BloombergQuint on our special series Navigating Through Uncertainty.Here are some of the other key highlights from the interview:We may probably not go back to the way businesses were done in the pastFalling crude prices good for certain segments of the economyNeed transmission of interest rates to the end userThere is very little underlying growth in the recovery and that is not a quantifiable or predictable numberWill carefully deploy cash in the markets 06:05 AMCoronavirus Has Potential To Create 2008-Like Situation, Says Mark MatthewsSome key highlights from the conversation the Head of Asia Research at Julius Baer had with BloombergQuint:Expect more downside for marketsExpect the virus to ramp-up in Europe & United StatesCoronavirus has the potential to create a 2008-like situationIndia to benefit a great deal from fall in crude oil prices 05:56 AMMutual Fund Data For FebruaryEquity inflows in February rise 37 percent (MoM) to Rs 10,795 croreTotal MF industry sees outflows of Rs 1,985.5 crore Vs an inflow of Rs 1,20,148 croreLiquid Funds see outflows of Rs 43,825 crore Vs inflow of Rs 59,682 croreBalanced Funds see outflows of Rs 1,182 crore Vs outflow of Rs 1,260 croreSmall Cap funds see highest inflow since April 2019Large Cap schemes see highest inflow since August 2019SIP contribution in February at Rs 8,512.93 crore 05:32 AMF&O Snapshot: Active Options ContractNifty: March 12 Expiry10,700 Call: Premium is down 69 percent to Rs 14.85. The contract has added 5.2 lakh shares in open interest.10,600 Call: Premium is down 60.7 percent to Rs 33.35. The contract has added 8.44 lakh shares in open interest.10,500 Call: Premium is down 49 percent to Rs 68.55. The contract has added 9.39 lakh shares in open interest.Nifty Bank: March 12 Expiry27,000 Call: Premium is down 51.1 percent to Rs 118.30. The contract has added 3.92 lakh shares in open interest.26,000 Put: Premium is down 25.76 percent to Rs 219.70. The contract has added 2.47 lakh shares in open interest.27,500 Call: Premium is down 65.65 percent to Rs 36.50. The contract has added 2.14 lakh shares in open interest. 05:20 AMMost Sectoral Indices Trade With Losses 05:12 AMWill the Fed Cut Rates Again? Richard Harris Does Not Think So 04:55 AMWelspun Corp Wins Contract In Australia 04:28 AMRBL Bank Says Remain Financially Strong, Well-Capitalised 04:02 AMLarge Trade Alert: ITC At Eight-Year Low 03:59 AMLarge Trade Alert: Reliance Industries 03:35 AMLive: Nifty Bank Leading Recovery; Kenneth Andrade Sees Near-Term Challenges 03:34 AMTrading Ideas From Motilal Oswal’s Chandan Taparia 03:17 AMThe Latest On The Coronavirus 02:27 AMYour Trade Setup For The Day 01:56 AMMarkets Brace For Further Downside
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