14th December Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed negative at the end of the day. BSE Sensex was down by 503.25 points to 58283.42 and Nifty was down by 143.05 points to 17368.25

Axis Bank, TechM, Sbi Life were the top gainers.

For Nifty, support seen at 17200, and Resistance seen at 17500

Ahead of the bunch of central bank meets this week and the approaching calendar year-end, FPIs seem to be taking profits and reducing their positions

Extremely optimistic on India in the long run: World Economic Forum President.

We expect liquidity issues in the market for the coming days, majorly due to several upcoming IPOs

Domestic markets impacted as RBI Governor cautioned depositors for chasing high returns amid greater risk

Traders also showed cautiousness with the reports that the government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget

JK Paper Ltd on Monday said it has issued 12,500 non-convertible debentures (NCDs) to raise Rs 125 crore from the market on a private placement basis

BPCL to collaborate with BARC for producing green hydrogen

TVS Motor Company joins Zoho Corporation to invest in Ultraviolette

Wipro expands sports, entertainment, retail and transport offerings with launch of Wipro VisionEDGE Solution

Banks have written off Rs.2,02,781 crore of bad loans in the fiscal ended March 2021 

India's retail inflation in November firms up to 4.91%

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 16500. Maximum call open interest was seen at 18000 followed by 17500

Put Writing seen at 17400 followed by 17300

Call Writing seen at 17400 followed by 18000

India VIX up by 3.18% from 16.06 to 16.57 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 63.22% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 2743.44 crores, and DII's are net buyers 1351.03 crores.

Options data suggests a trading range between 17000 to 17500

Global Markets:

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

Dow Jones industrial average was down by 320.04 points or 0.89% to 35650.95

S&P 500 Index was down by 43.05 points or 0.91% to 4668.97

Nasdaq Composite was down by 217.32 points or 1.39% to 15413.28

European markets were negative at the end of the day

Asian markets are negative right now 07.30 IST

SGX Nifty trading 138 points lower to 17331  07.30 IST

SGX Nifty indicates a flat to negative start for Indian markets.

Keep an eye on these Economic Data:

India Wholesale Price Index (WPI) Inflation YoY Data at 12.00 IST

U.K. Average Earnings Index +Bonus Data at 12.30 IST

U.S. Producer Price Index (PPI) MoM Data after Indian market hours.