12th October 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 76.72 points to 60135.78 and Nifty was up by 50.75 points to 17945.95

Tata motors, Coal India, Maruti were the top gainers.

Asia markets mostly up as traders keep eye on inflation

RBI may hike rates in March quarter of 2022; coal and chip shortages a worry

India Inc raises record $9.7 billion via IPOs in 9M2021, highest in last 20 years

TCS sees multi-year growth opportunity in Cloud: Rajesh Gopinathan

Govt receives over Rs.2,593 crore dividend from NTPC, PGCIL this fiscal

Finance Ministry releases Rs.9,871 crore grant to 17 states

Sustained and robust growth in agriculture, a sharp rebound in manufacturing and industry, resumption of services activity, and buoyant revenues are suggesting that the Indian economy is progressing well

After announcing the $771 million acquisition of REC Solar from ChemChina, Reliance Industries is also buying Sterling and Wilson Solar from its promoters.

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 17500. Maximum call open interest was seen at 18000 followed by 17800

Put Writing seen at 18000 followed by 17800

Call Writing seen at 18000 followed by 18500

India VIX up by 2.76 % from 15.65 to 16.08 level.

Vix has to cool down below 15-14 levels to ensure a smooth ride for the market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 64.06 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net sellers 1303.22 crores, and DII's are net sellers 373.28 crores.

Options data suggests a trading range between 17600 to 18000.

Global Markets:

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

Dow Jones industrial average was down by 250.19 points or 0.72% to 34496.06 

S&P 500 Index was down by 30.15 points or 0.69% to 4361.19

Nasdaq Composite was down by 93.34 points or 0.64% to 14486.20

European markets were positive at the end of the day

Asian markets are trading negative right now 07.30 IST

SGX Nifty trading 84.50 points lower to 17876.50 07.30 IST

SGX Nifty indicates a Negative opening for Indian markets.

Keep an eye on these Economic Data:

India Consumer Price Index (CPI) YoY Data after Indian Market Hours

U.S. JOLTs Job Openings Data after Indian Market hours