17th August Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended record high at the end of the day. BSE Sensex was up by 145.29 points to 55582.58 and Nifty up by 33.90 points to 16,563.

Tata Steel, Bajaj Finance were the top gainer.

The market is moving in consolidation, any correction is a good opportunity to invest in stocks.

India’s WPI inflation eased for the second consecutive month to 11.16 percent in July against 12.07 percent in June.

China's economy is slowing down as Factory output and retail sales growth are slow.

Saudi Aramco in Advanced talks on up to $25 billion Reliance deal. For Reliance it would help in steady supply of oil for its Refineries.

Open interest:

On open interest, Maximum put open interest was seen at 16000 followed by 16500. Maximum call open interest was seen at 16500 followed by 17000.

Put Writing seen at 16500 followed by 16400.

Call Writing seen at 17200 followed by 16800.

India VIX was up by 3.60 % from 12.99 to 13.46 on a day. 

Overall Lower volatility indicates that bulls are Holding the Market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 66.17 % long in index future was decreased compared to the previous day

In Cash Market, FII's are net sellers 1088.32 crores, and DII's are net buyers 506.21 crores.

Options data suggests a trading range between 16400 to 16800.

Global Markets:

U.S Markets closed at a record high at the end of the Day.

Dow Jones industrial average up by 110 points or 0.3% at 35,625.40 

S&P 500 Index up by 11.71 points or 0.3% at 4479.71

Nasdaq Composite down by 29.13 points or 0.20% at 14793.76

European markets were ended in Red at the end of the day

Most of the Asian Markets are trading Negative right now IST 07.30

SGX Nifty trading 12.50 points Lower at 16550.50 IST 07.30

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

Keep an eye on these Economic Data:

Euro Zone Gross domestic product (GDP) Data at IST 14.30

U.S Retail sales data after Indian market hours.