13th December Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed flat at the end of the day. BSE Sensex was down by 20.46 points to 58786.67 and Nifty was down by 5.55 points to 17511.30

Asian paints, Grasim, SBILife were the top gainers.

For Nifty support seen at 17350 - 17180 and resistance seen at 17650 - 17800. 

Markets in the immediate term will keenly watch out for the actions on asset tapering and key policy rates in the upcoming US Federal Reserve meeting.

As per NSDL data, FPIs have sold equity worth Rs.17484 crores up to 10th December. Coming on top of the Rs.33799 cr selling in November, this is relentless selling.

Importantly sustained selling is in banking in which FPIs have the largest holding.

Marginal slowdown in India's IIP growth in October, factory output grows at 3.2%

Economists fear India's recovery may be flat.

Disinvestment of some public sector units is a continuous process and the Container Corporation of India Ltd (CONCOR) is one such unit, the government informed the Rajya Sabha on Friday.

RBI allows LIC to double its IndusInd Bank stake to 9.99%

Passenger vehicles sales dip 19% in Nov as chip shortage woes continue

PowerGrid Corp board to consider interim dividend on Dec 15

India's forex reserves decline $1.783 billion to $635.905 billion

US inflation surges 6.8% in November, highest since 1982

U.K. Gross Domestic Product (GDP) YoY at 4.6% vs Expected 6.6%

U.K. Manufacturing Production MoM at 0.0% vs Expected 0.1%

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 17400 followed by 16600

Call Writing seen at 17400 followed by 17600

India VIX fell by 3.27% from 16.60 to 16.06 level.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 67.12% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 1092.40 crores, and DII's are net buyers 386.63 crores.

Options data suggests a trading range between 17400 to 17600

Global Markets:

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

Dow Jones industrial average was up by 216.30 points or 0.60% to 35970.99

S&P 500 Index was up by 44.57 points or 0.95% to 4712.02

Nasdaq Composite was up by 113.23 points or 0.73% to 15630.60

European markets were negative at the end of the day

Asian markets are positive right now 07.30 IST

SGX Nifty trading 143.50 points higher to 17688.50  07.30 IST

SGX Nifty indicates a positive start for Indian markets.

Keep an eye on these Economic Data:

Bank of England (BoE) Financial Stability Report Data at 12.30 IST

India Consumer Price Index (CPI) YoY Data after Indian market hours