10th November Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed negative at the end of the day. BSE Sensex was down by 112.16 points to 60433.45 and Nifty was down by 24.30 points to 18044.25

Mahindra & Mahindra, Tatamotors, Hero motocorp were the top gainers.

Domestic market traded lower as private banking stocks were under pressure following dull global markets,

Shares of automobile stocks also remained in favour as investors hope that the sector’s semiconductor issues will ease in the second half of the current financial year.

Brokerage Axis Securities expects the benchmark Nifty50 index to touch 20,200 points by the end of next year

Reliance Industries makes sharp move in last hour of trade, closes at day’s high

FII's are selling continuously in Indian markets, be cautious 

Investors cautiously awaiting the US inflation data.

U.S. Producer Price Index (PPI) MoM Data at 0.6% vs Expected 0.6%

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 17000. Maximum call open interest was seen at 19000 followed by 18500

Put Writing seen at 17400 followed by 18100

Call Writing seen at 18300 followed by 18100

India VIX fell by 2.07% from 16.34 to 16.00 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 51.43% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 2445.25 crores, and DII's are net buyers 1417.63 crores.

Options data suggests a trading range between 17700 to 18200.

Global Markets:

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

Dow Jones industrial average was down by 112.24 points or 0.31% to 36319.98 

S&P 500 Index was down by 16.45 points or 0.35% to 4685.25

Nasdaq Composite was down by 95.81 points or 0.60% to 15886.54

European markets were negative at the end of the day

Asian markets are negative right now 07.30 IST

SGX Nifty trading 111.50 points lower to 17968.50 07.30 IST

SGX Nifty indicates a negative opening for Indian markets.

Keep an eye on these Economic Data:

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

U.S. Initial Jobless Claims Data after Indian market hours.