15th July Market Report

Daily Market Report:
The Equity Indian benchmark indices BSE Sensex up by 134points at 52904 & and Nifty rose by 41.60 points at 15853.

The Nifty index trading between a wider range 15450 - 15915 was continued on the 19th day.

IT stocks Rallied by 3.16 % ahead of Infosys' Q1 earnings.

Wipro was the top gainer by 6.99 % at 561.55.

India's Wholesale Price Index Ease at 12.07% in June compared with 12.94 % in May 2021. 

U.K Consumer Prices Index (CPI) rose by 2.5% Compared with 2021, 2.1% in May. Inflation surged above the Bank of England Target.

U.S ( PPI ) producer price increases by 1 % in june largest annual increase in more than 10 years, shows inflation could remain high

Fed Chair Jerome Powell says he is not going to hike the rates, Positive for the market

Infosys Results:

Consolidated net profit grew 2.3% to Rs 5,195 crore on a 6% increase in revenue to Rs 27,896 crore in Q1 June 2021 over Q4 March 2021. On a year-on-year basis, net profit rose 22.7% and revenue increased 17.9% in Q1 June 2021.
Results:

Today Wipro June 2021 Q1 Results. Profit after tax likely to grow 14-19%. year on year.

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 16500

Put Writing seen at 15700 and 15000

Call Writing seen at 15900 and 16300

India VIX Fell 0.24 percent from 12.62 to 12.59 levels. A decline in the VIX gives stability to the market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling

FII's are 70 % long in index future In the cash market, FII's are net sellers - 1303.95 crores, and DII's net buyers 1335.91 crores.

Options data suggests a trading range between 15700 to 16000.

Today Weekly Expiry:

Maximum call open interest was seen at 16000 in weekly options

Maximum Put open interest was seen at 15800 in weekly options

U.S Markets closed mixed at the end of the day.

Dow jones industrial average up by 0.13 % at 34933.23

S&P 500 Index up by 0.12 % at 4374.30

Nasdaq Composite down by 0.22% at 14644.95

European markets Ended in Red

U.K. Average Earnings Index +Bonus Data at 11.30 IST

U.K. Claimant Count Change at 11.30 IST