Daily Market Report:
The Indian Equity indices closed in red for the second consecutive day on Friday. Sensex down by 182 points at 52386.19 and Nifty down by 38 points ended at 15689.80.
The Nifty index stuck between and trading at a wider range of 15450 - 15915 for the past 16 days.
Tata Steel was the top performer by 4.20 % at 1239.35.
TCS shares down by 1.43% at 3211.80 after the results came on Thursday did not meet the expectations, will give a negative impact on IT Sector.
Tata motors(JLR) indicated that the Global semiconductor shortage impacts its production.
Earning session will start from next week. The market will react based on Corporate Earnings, Global cues, monsoon progress, updates on the new Covid variant.
Foreign Reserves rises by $1.013 billion and touched a lifetime high of $610.01 billion as per Reserve bank of India ( RBI ) data on Friday.
Federal Reserves on Friday says that its lower interest providing powerful support to the economy
S&P Dow Jones indices announced that it will remove more Chinese companies from its
indices.
Avenue Supermarts Results:
Standalone profit at Rs.115.13 crore in Q1FY22 against Rs.49.56 crore in Q1FY21
Standalone revenue from operations rose 31.27& to Rs. 5031.75 crore from Rs.3833.23 crore
Open Interest:
On open interest, maximum put open interest seen at 15500 followed by 15000
Maximum call open interest was seen at 16000 followed by 15800
Put writing seen at 15200 followed by 15300
call writing seen at 16100 followed by 15700
India VIX fell 4.55% from 13.56 to 12.94 shows some stability in the market
Participant wise open interest data of FII Shows call selling in the index is more than put selling
FII's are 55% long in index future. In the cash market, FII's are net sellers -1124 crores and DII's are net buyers 106.55 crores.
Options data suggests a trading range between 15500 to 15900.
Global Markets:
The three main index of the U.S market closes at a record high on Friday
Dow Jones industrial average up by 1.30% at 34870.16
Nasdaq Composite up by 0.98% at 14701.92
S&P 500 Index up by 1.13% at 4369.55
European markets ended in the green on Friday.
Asian Markets are trading in Green now
SGX Nifty trading 53 points higher at 15781 on 07.30 IST
SGX Nifty indicates a positive opening for Indian markets
