17th September Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed record high at the end of the day. BSE Sensex was up by 417.96 points to 59141.16 and Nifty was up by 110.05 points to 17629.50

The rally is driven by various PLI schemes introduced by the government. 

IndusInd Bank, ITC, SBIN Were the top gainers.

RBI remains net purchaser of US dollar in July; buys $7.205 billion

RBI will signal lift-off in interest rates through policy stance, prefers jump in bank credit to reduce liquidity surplus

Traders need to watch carefully on PSU banks after the FM conference today on bad banks

Retail investors shouldn't follow herd mentality for IPOs: Sebi chairman

Intraday cash market margins in interest of everyone: Sebi

Sebi chairman Ajay Tyagi: In 2019, 4 lakh demat accounts were opened in a month. The figure is 26 lakh a month now

BHEL commissions India's largest floating solar plant in Andhra Pradesh

TVS Motor Company betting big on fast-growing 125 cc motorcycle, scooter segment in India

U.S Initial jobless claims data at 332k vs Expected 330k.

U.S Retail sales at 1.8% vs Expected -0.1%

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 16500. Maximum call open interest was seen at 17500 followed by 18000

Put Writing seen at 17800 followed by 17600

Call Writing seen at 17800

India VIX was up by 4.97% from 13.73 to 14.51 on a day. 

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 61.45 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net buyers 1621.88 crores, and DII's are net sellers 795.13 crores.

Options data suggests a trading range between 17500 to 17800.

Global Markets:

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

Dow Jones industrial average was down by 63.07 points or 0.18% at 34751.32 

S&P 500 Index was down by 6.95% points or 0.16% at 4473.45 

Nasdaq Composite was up by 20.39 points or 0.13% at 15181.92 

European markets were positive at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 110 points higher at 17715  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

U.K Retails sales data at 11.30 IST

Eurozone Consumer Price Index (CPI) YoY data at 14.30 IST

India FX Reserves (USD) data after Indian market hours.