10th December Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed positive at the end of the day. BSE Sensex was up by 157.45 points to 58807.13 and Nifty was up by 47.10 points to 17516.85.

ITC, L&T, Asian paint were the top gainers.

For Nifty support seen at 17400-17300 and resistance seen at 17550-17600

All eyes will be on crucial macro data (CPI & IIP) outcome which may further provide some direction to the markets.

Inflation may harden, consumers still pessimistic: RBI survey

Equity MF inflows surge to 4-month high in Nov on strong SIP book

Rupee tanks to 16-month low of 75.60 against dollar on forex outflows

Bank credit could rise upwards of 10% in next one year: Jefferies

Paytm Payments Bank receives Scheduled Bank status from RBI

Public sector bank disbursed most loans to MSMEs: Report

Prestige BioPharma Ltd, a Singapore-based firm and Dr. Reddy's Laboratories Ltd., on Thursday announced that the two companies have entered into a binding agreement for an exclusive partnership for the supply and commercialisation of the former's proposed Trastuzumab biosimilar in select countries in Latin America and Southeast Asia

Govt approves eight companies under PLI scheme for manufacturing medical devices

Imports made up 86 per cent of India's gold supply between 2016-2020; will be stronger in 2022: WGC

Adani Ports removes exim ban from Afghanistan, Pakistan and Iran

India’s employability improves marginally to 46.2% from 45.97% last year

U.S. Initial Jobless Claims at 184k vs Expected 215k

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 16000. Maximum call open interest was seen at 18000 followed by 17500

Put Writing seen at 17600 followed by 17400

Call Writing seen at 17500 followed 17800

India VIX fell by 3.84% from 17.26 to 16.60 level.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 69.90% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 1585.55 crores, and DII's are net buyers 782.84 crores.

Options data suggests a trading range between 17400 to 17800

Global Markets:

U.S Markets were closed negative at the end of the Day

Dow Jones industrial average was down by 0.059 points or 0.00016% to 35754.69

S&P 500 Index was down by 33.76 points or 0.72% to 4667.45

Nasdaq Composite was down by 269.62 points or 1.71% to 15517.37

European markets were negative at the end of the day

Asian markets are negative right now 07.30 IST

SGX Nifty trading 24.50 points lower to 17521  07.30 IST

SGX Nifty indicates a flat start for Indian markets.

Keep an eye on these Economic Data:

U.K. Manufacturing Production MoM Data at 12.30 IST

U.K. Trade Balance Data at 12.30 IST

U.K. Gross Domestic Product (GDP) YoY at 12.30 IST

ECB President Lagarde Speaks Data at 14.35 IST

India FX Reserves (USD) after Indian market hours.

India Industrial Production YoY Data after indian market hours.

U.S. Core Consumer Price Index (CPI) MoM Data after indian market hours.