13th 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 148.53 points to 60284.31 and Nifty was up by 46 points to 17991.95

Titan ,Bajaj Auto, BajajFinsv were the top gainers.

India growth flat in two years, World Bank has again cut India’s GDP growth forecast for 2021-22, from 10.1% to 8.3%

India may consider higher GST and fewer rates

India considers $3.8 billion increase in fertilizer subsidy

India 10-year bond yield slip marginally to 6.326%

Tata Power Solar bags orders worth Rs.538 crore from EESLTPG to invest Rs.7,500 cr in Tata Motors EV arm at $9.1 bn valuation

Kumar Mangalam Birla likely to infuse own capital into Vodafone Idea

Five foreign investors shortlisted for a majority stake in Yes Bank-backed ARC

With the September number of 4.35%, CPI has averaged 5.1% in Q2 FY22 and is in line with the RBI’s latest downward-revised forecast

US JOLTS Job Openings decline to 10.4 million in August vs. 10.9 million expected

Today Results:

Infosys, Mindtree, Aditya Birla Money

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 18500

Put Writing seen at 17400 followed by 17900

Call Writing seen at 18100 followed by 18000

India VIX fell by 1.48 % from 16.08 to 15.85 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 59.63 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 278.32 crores, and DII's are net sellers 741.22 crores.

Options data suggests a trading range between 17800 to 18200.

Global Markets:

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

Dow Jones industrial average was down by 117.72 points or 0.34% to 34378.34 

S&P 500 Index was down by 10.54 points or 0.24% to 4350.65

Nasdaq Composite was down by 20.28 points or 0.14% to 14465.92

European markets were Negative at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 49.50 points higher to 18054 07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

U.K. Gross Domestic Product (GDP) Data at 11.30

U.K. Manufacturing Production MoM Data at 11.30

U.S. Core Consumer Price Index (CPI) Data after Indian Market hours