16th July Market Report

Daily Market Report:

The Equity Indian benchmark indices BSE Sensex up by 254.80 at 53158 & and Nifty rose by 70.25 points at 15924 hits all-time high.

The Nifty index trading between a wider range 15450 - 15915 was Breached and closed at 15924. IT Sector up by 1.29%

HCL Technologies was the top gainer by 5.01% at 1039.05

Infosys shares up by 0.25 % at 1,597.85 at BSE after results.

U.S Fed reserve comments on not hiking interest rate boosted markets.

U.S unemployment data drops to 360 k vs previous 373 k. Positive for market

China industrial production rises by 8.3% vs Expected 7.8%

China GDP data for second quarter 7.9% vs expected 8.1%

U.K Average earnings index at 7.3% vs expected 7.1%

All the global markets are healthy so we can expect the bullish trend to continue.

Wipro Results Q1:

Net Sales at Rs 18,252.40 crore in June 2021 up 22.31% from Rs. 14,922.80 crore in June 2020.

Profit after tax jumps by 36% at Rs.3243 crore YoY

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 16200

Put Writing seen at 15900 and 15800

Call Writing seen at 16300 and 16000

India VIX Fell 2.54% percent to12.59 to 12.27 level. 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 73 % long in index future was increased compared to yesterday's 70&%

FII's are net sellers - 264.77 crores, and DII's net buyers are 439.41 crores.

Options data suggests a trading range between 15800 to 16200.

Global Markets:

Keep an eye on these Economic Data:

Eurozone Consumer Price Index (CPI) YoY