15th September 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 69.33 points to 58247.09 and Nifty was up by 24.70 points to 17380

IndusIndBank, HcLTech, Heromotocorp were the top gainers.

Nifty was trading in the range between 17250 - 17450 for the past 6 days. 

Traders should keep a watch on the development in banks and we reiterate to have a thematic approach and be fussy in-stock selection

Reliance Infrastructure will receive Rs.7,100 crore from the Delhi Metro Rail Corporation (DMRC) after a recent Supreme Court judgment, the company's chairman Anil Ambani told shareholders on Tuesday.

Chennai startup company Freshworks to soon list on NASDAQ plans raising $912 million through public issue

Maruti Suzuki Swift crosses 25 lakh cumulative sales milestone

Tata Motors inks pact with Tata Power for rooftop solar project at Pune plant

Vijaya Diagnostic Centre shares list at Rs.542.3 on BSE, a premium of just 2.13 percent above its issue price of Rs.531

India's Wholesale price index (WPI) inflation rises to 11.39 % vs Expected 10.75%

U.S. Core Consumer Price Index (CPI) MoM data at 0.1 % vs Expected 0.3%

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 17400

Put Writing seen at 17400 

Call Writing seen at 17900 followed by 17600.

India VIX was down by 3.21% from 14.02 to 13.54 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 60.21 % long in index future was Decreased compared to the previous day.

In Cash Market, FII's are net buyers 1649.60 crores, and DII's are net sellers 310.31 crores.

Options data suggests a trading range between 17200 to 17500.

Global Markets:

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

Dow Jones industrial average was down by 292.06 points or 0.84% at 34577.57 

S&P 500 Index was down by 25.68 points or 0.57% at 4443.05 

Nasdaq Composite was down by 67.82 points or 0.45% at 15037.76 

European markets were ended Flat at the end of the day

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

SGX Nifty trading 21 points higher at 17412  07.30 IST

SGX Nifty indicates a Flat to positive opening for Indian markets.

Keep an eye on these Economic Data:

U.K. Consumer Price Index (CPI) YoY Data at 11.30 IST