15th November 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 767 points to 60686.69 and Nifty was up by 229.15 points to 18102.75

Tech Mahindra, Hindalco, Wipro were the top gainers.

As markets across the world are trying to decode the implications of rising inflation, any intensive selling by FIIs may take Indian indices lower, unless domestic players provide support.

Banking stocks will be in focus with the US declaring T Bonds foreign buying on November 17.

Do Not Standardise Bad Loans Only On Interest Payments: RBI To Banks

Besides, global events will be affecting the market with India declaring its October month Import Export numbers today.

Goldman downgrades Indian equities, sees strong growth in 2022

The Reserve Bank of India (RBI) launched the ‘RBI Retail Direct scheme’. The scheme allows retail investors to buy and sell government bonds online

India's retail inflation in October rose marginally to 4.48 percent due to uptick in food prices, leaving the Reserve Bank of India room, for now to leave interest rates steady

India’s industrial output fell 2.6% month-on-month in September

Index of Industrial Production (IIP) grew 3.1%

India's forex reserves decline $1.14 billion to $640.8 billion

U.S. JOLTs Job Openings Data at 10.438M vs Expected 10.300M

Today Results:

Coal India, Ashok Leyland

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 18000. Maximum call open interest was seen at 18000 followed by 18500

Put Writing seen at 18000 followed by 17900

Call Writing seen at 18400 followed by 18300

India VIX fell by 6.94% from 16.35 to 15.22 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 57.21% long in index future was increased compared to the previous day.

In Cash Market, FII's are net buyers 511.10 crores, and DII's are net buyers 851.41 crores.

Options data suggests a trading range between 17900 to 18300.

Global Markets:

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

Dow Jones industrial average was up by 179.08 points or 0.50% to 36100.31

S&P 500 Index was up by 33.58 points or 0.72% to 4682.85

Nasdaq Composite was up by 156.68 points or 1.00% to 15860.96

European markets were mixed at the end of the day

Most of the Asian markets are positive right now 07.30 IST

SGX Nifty trading 92.50 points higher to 18226 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 IST

India Trade Balance Data after Indian market hours.