11th 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 80.63 points to 60352.82 and Nifty was down by 27.05 points to 18017.20

UPL, BhartiAirtel, Mahindra & Mahindra were the top gainers

Index expect to be rangebound as the broader market keeps inching downwards

participants needs to be cautious due to continuous foreign outflow and mixed earnings announcements.

Participants should maintain extra caution in the selection of stocks and focus more on risk management.

India-focused offshore funds, ETFs log $95 million outflow in Sept quarter.

RBI Governor Das says demand for bank credit likely to pick next year onwards

India better placed now than in 2013 to face taper tantrum: RBI Governor

China Consumer Price Index (CPI) YoY Data at 1.5% vs Expected 1.4%

U.S. Initial Jobless Claims Data at 267k vs Expected 265k

U.S. Core Consumer Price Index (CPI) MoM Data at 0.6% vs Expected 0.4%

Today Results:

Tata Steel

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 17000. Maximum call open interest was seen at 18500 followed by 18000

Put Writing seen at 17400 followed by 17900

Call Writing seen at 18000 followed by 18400

India VIX up by 1.89% from 16.00 to 16.30 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 49.47% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 469.50 crores, and DII's are net buyers 766.95 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 240.04 points or 0.66% to 36079.94 

S&P 500 Index was down by 38.54 points or 0.82% to 4646.71

Nasdaq Composite was down by 263.84 points or 1.66% to 15622.70

European markets were positive at the end of the day

Most of the Asian markets are negative right now 07.30 IST

SGX Nifty trading 29 points lower to 17986.50 07.30 IST

SGX Nifty indicates a negative opening for Indian markets.

Keep an eye on these Economic Data:

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