Daily Market Report:
The Indices BSE Sensex closed flat, ended 13.50 points lower at 52372 and Nifty gained 2.80 points to 15692
The Nifty index trading between a wider range 15450 - 15915 is continued at 17th day.
UltraTech Cement Ltd was the top gainer up by 2.47 % at 7070
Markets need a trigger to move to break either side as the main results are not in this week, the main corporate result is Infosys on Wednesday ( 14/07/2021). HDFC Bank results on Saturday ( 17/07/2020).
Yesterday market has been consolidating and we expect this trend continues till this week as there is no main trigger for the market.
The Retail inflation for the month of June is 6.26 % vs Expected 6.58 % is slightly better but remained above the RBI Comfort level for the second month continuously
Index of Industrial Production( IIP) the factory output data grew by 29.3% in may
Cumulative industrial production for May 2021 rises 68.8 % as compared to May 2020, -45.80% at the same year ago.
IPO:
Food Delivery Start-up Zomato will launch its IPO on wednesday ( 14/07/2021)
Mobikwik, a digital payment company Wanting to list on stock exchanges
According to its Draft red herring prospectus (DRHP) Mobikwik plans to Raise Rs. 1900 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 15700
Call Writing seen at 15800
India Vix rises 0.39% from 12.94 % to 12.99 %
Participant wise open interest data of FII Shows call selling in the index is more than put selling
FII's are 58% long in index future. In the cash market, FII's are net sellers - 745.97 crores and DII's are net buyers 447.42 crores.
Options data suggests a trading range between 15600 to 16000.
Global Markets:
The U.S Markets Rallied ahead of Earning Season
Dow jones industrial average up by 0.36 % at 34996.18
The S&P 500 up by 0.35% at 4384.63
NASDAQ Composite up by 0.21% 14733.24
European Markets ended in Green
Most of the Asian Markets are trading in green now
SGX Nifty trading at 15820 at 132 points higher 7.40 IST.
SGX Nifty indicates a Positive opening for Indian Markets.
Keep an eye on these economic data:
U.S. Core (CPI) Consumer Price Index data after indian market hours.
