14th September 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 127.31 points to 58177.76 and Nifty was down by 13.95 points to 17355.30

Coal India, Hindalco, Kotak bank were the top gainers.

Nifty was trading in the range between 17250 - 17450 for the past 5 days. 

Adani Transmission market cap breaches Rs 2 trillion mark

RIL shares decline over 2% after delayed Jio phone launch

Kotak's AIF invests Rs.1,000 cr in TVS Supply Chain Solutions

Vedanta Resources reduces net debt by $300 million in the first half of FY'22

Cabinet likely to discuss PLI schemes for auto this week

India’s inclusion in global bond index to attract $170-250 bn inflows, stock markets may also benefit

India Consumer Price Index (CPI) data at 5.30 vs Expected 5.60. Positive for economy and Inflation is within the range of RBI Target range.

Open interest:

On open interest, Maximum put open interest was seen at 17000 followed by 16500. Maximum call open interest was seen at 17500 followed by 17300

Put Writing seen at 17300 followed by 17200.

Call Writing seen at 17300 followed by 17800.

India VIX was up by 0.59% from 13.94 to 14.02 on a day. 

India VIX needs to hold below 13 level to continue the bullish momentum.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 60.85 % long in index future was Decreased compared to the previous day.

In Cash Market, FII's are net buyers 1419.31 crores, and DII's are net sellers 559.59 crores.

Options data suggests a trading range between 17200 to 17500.

Global Markets:

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

Dow Jones industrial average was up by 261.91 points or 0.76% at 34869.63 

S&P 500 Index was up by 10.15 points or 0.23% at 4468.73 

Nasdaq Composite was down by 9.91 points or 0.066% at 15105.58 

European markets were ended Positive at the end of the day

Most of the Asian markets are trading Positive right now 07.30 IST

SGX Nifty trading 38 points higher at 17413  07.30 IST

SGX Nifty indicates a Positive opening for Indian markets.

Keep an eye on these Economic Data:

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

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