Deploy Iron Butterfly Spread in Nifty to gain from capped upside
The Nifty index broke out of a downward sloping channel on Friday, rising 319 points (1.29%) to close at 25,112 — decisively above the 20-day SMA (Bollinger Band midline) at 24,863, which now acts as immediate support.The index continues to trade:Well above the 40-day EMA at 24,598Above the lower Bollinger Band at 24,530Above the 61.8% Fibonacci retracement level at 24,545 (from the swing low of 21,743 on April 7, 2025, to the high of 26,277 on
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Time of India
20 minutes ago
- Time of India
NSE moves expiry day for derivatives contracts to Tuesday from August end
The National Stock Exchange (NSE) has revised the expiry day for all index and stock derivatives contracts, shifting it from Thursdays to Tuesdays. This change will come into effect from the end of trading day on August 28 as per a circular. Currently, weekly Nifty and stock derivative contracts expire every Thursday, while monthly, quarterly, and half-yearly contracts expire on the last Thursday of the relevant expiry month. Starting August 29, all new contracts and existing open positions will reflect Tuesday as the new expiry date. The change applies across a broad spectrum of contracts: Nifty weekly, monthly, quarterly, and half-yearly contracts. Bank Nifty and other indices like Fin Nifty, Midcap Nifty, Nifty Next50 and all single stock derivatives. For example, a Nifty weekly contract originally expiring on September 4 will now expire on September 9. Similarly, the monthly Nifty contract scheduled to expire on September 25 will move to September 30. The change has been illustrated in an annexure provided by the NSE to reduce operational confusion. The revised contract files, reflecting the new expiry dates, will be available on the NSE on August 28 after market hours. Members have been advised to use updated versions of contracts. There are no other changes to the contract specifications beyond the expiry day shift. The clearing corporations will separately communicate any adjustments to the settlement schedules. The change, which aligns NSE more closely with global practices in some markets, is aimed at operational streamlining and risk reduction—though market participants will need to update trading systems and adjust internal processes accordingly.
Business Standard
20 minutes ago
- Business Standard
Market ends with steep losses, media shares outperform; VIX rallies 2.74%
The domestic equity benchmarks ended with significant losses today, weighed down by ongoing tensions in the Middle East. Media, consumer durables and metal shares advanced while IT, auto and FMCG shares declined. The Nifty settled below the 25,000 level. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 511.38 points or 0.62% to 81,896.79. The Nifty 50 index slipped 140.50 points or 0.56% to 24,971.90. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.20% and the S&P BSE Small-Cap index added 0.57%. The market breadth was negative. On the BSE, 1,862 shares rose and 2,195 shares fell. A total of 183 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 2.74% to 14.05. Economy: The HSBC Flash India Composite Output Index, which tracks month-on-month changes in combined output from manufacturing and services, rose to 61.0 in June from 59.3 in May - the highest in 14 months and well above the long-term average. Manufacturing led the growth, with the Manufacturing PMI Output Index climbing to 61.5 in June from 60.3 in May. The overall Manufacturing PMI rose to 58.4, its best level since April 2024, signalling improved operating conditions. The HSBC Flash India Services PMI Business Activity jumped to 60.7 from 58.8, showing a strong uptick in service sector growth. Buzzing Index: The Nifty Media index soared 4.39% to 1,748.40. The index jumped 4.76% for the second trading session. Zee Entertainment Enterprises (up 12.64%), Network 18 Media & Investments (up 3.39%), Nazara Technologies (up 3.19%), Dish TV India (up 1.82%), PVR Inox (up 1.07%), Saregama India (up 0.69%), D B Corp (up 0.46%) added. On the other hand, Sun TV Network (down 1.29%), Hathway Cable & Datacom (down 0.47%) and Tips Music (down 0.31%) edged lower. Zee Entertainment Enterprises (ZEEL) surged 12.64% after the company released a detailed strategic business update outlining its plans for consolidation, capital infusion, and digital growth. The company reported that it holds a 17% share of the urban TV viewership market (15+ age group). This comes amid broader industry consolidation that has resulted in a two-player market structure, with Peer-1 holding a dominant 34% share. Zee stated that it remains committed to strengthening its position in the evolving media and entertainment landscape. Stocks in Spotlight: Solar Industries India shed 0.52%. The company said that its wholly owned subsidiary, Solar Defence & Aerospace has signed contract with Ministry of Defence, Government of India, to supply defence products. Ideaforge Technology hit an upper limit of 10% after the company secured an order worth approximately Rs 137 crore, inclusive of all charges to supply Mini UAVs with accessories to Ministry of Defence. Waaree Renewable Technologies rose 0.13%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project. Bharat Electronics (BEL) advanced 3.15% after the company announced it had secured additional orders worth Rs 585 crore since its last disclosure on 5 June 2025. Godrej Properties fell 1.17%. The company announced that it had sold inventory worth over Rs 2,000 crore during the launch of the first phase of its residential project, Barca @ Godrej MSR City, located in Devanahalli, North Bengaluru. Nitco jumped 2.04% after the company announced that it has received a fresh Letter of Intent (LoI) from Prestige Estates Projects for an additional tile supply order worth approximately Rs 45 crore. Zen Technologies hit an upper limit of 5% after the companys board has approved the acquisition of TISA Aerospace (TISA) through a mix of share purchase plus compulsorily convertible debentures (CCDs) from current shareholders of TISA. Global Markets: European markets traded lower, while Asian markets ended lower on Monday as investor jitters grew following the US airstrikes on three Iranian nuclear sites, which pushed oil prices higher and reignited fears of a wider Middle East conflict. Brent Crude climbed to $78.52 a barrel, continuing its upward trend amid regional tensions. On the macro front, Japan delivered a pleasant surprise. Its manufacturing sector returned to expansion in June, with the au Jibun PMI rising to 50.4 from Mays 49.4. The services sector also saw steady growth, with the index nudging up to 51.5 from 51.0. Back in the US, two of the three major indices closed lower on Friday. The S&P 500 slipped 0.22%, marking its third straight loss, while the Nasdaq dropped 0.51%. The Dow managed a modest gain of 0.08% as investors weighed geopolitical developments and the Feds next move on rates.
The Hindu
2 hours ago
- The Hindu
Markets slump on heightened tensions in Middle East; Sensex drops 500 points
Stock market benchmark indices Sensex and Nifty tumbled on Monday (June 23, 2025), as intensifying tensions in the Middle East after the U.S. bombed three major nuclear sites in Iran unnerved investors. After losing over 900 points in day trade, the 30-share index recovered some lost ground to close with a loss of 511.38 points or 0.62% at 81,896.79. During the day, it tumbled 931.41 points or 1.13% to 81,476.76. The 50-share NSE Nifty dropped 140.50 points or 0.56% to 24,971.90. The U.S. bombed three major nuclear sites – Fordow, Natanz and Isfahan – in Iran, directly engaging itself in the Israel-Iran conflict. From the Sensex pack, HCL Tech, Infosys, Larsen & Toubro, Mahindra & Mahindra, Hindustan Unilever, ITC, Tata Consultancy Services and Maruti were the biggest laggards. In contrast, Trent, Bharat Electronics, Bajaj Finance and Kotak Mahindra Bank were among the gainers. In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled lower, while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended higher. European markets were trading lower in mid-session. U.S. markets ended mostly lower on Friday (June 20, 2025). Global oil benchmark Brent crude climbed 0.49% to $77.39 a barrel. 'Last Friday (June 20, 2025), markets buildup in anticipation of easing Middle East tensions, following the U.S. announcement of a two-week window to deliberate its involvement in the Israel-Iran conflict. However, the unexpected U.S. airstrike on Iran's nuclear facilities over the weekend disrupted those expectations, triggering a sharp rise in crude oil prices and leading to consolidation in the domestic equity market,' Vinod Nair, Head of Research, Geojit Investments Limited, said. 'Despite the initial setback, the market recovered some of its losses, supported by gains in capital goods and metal stocks, as fears of an immediate oil supply disruption remained low,' he added. Foreign Institutional Investors (FIIs) bought equities worth ₹7,940.70 crore on Friday (June 20, 2025), according to exchange data. On Friday (June 20, 2025), the 30-share BSE Sensex surged 1,046.30 points or 1.29% to settle at 82,408.17. The Nifty climbed 319.15 points or 1.29% to 25,112.40.
