18th November Market Report

Daily Market Report: 

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed negative at the end of the day. BSE Sensex was down by 314.04 points to 60008.33 and Nifty was down by 100.55 points to 17898.65

Maruti, Asian Paints, SBI Life were the top gainers.

A sharp market correction is likely to happen when the FIIs turn big sellers. 

Bank credit grows at 7.14%, deposits at 11.42%: RBI

India draws $1.93 bn fintech investment in Q3; tops APAC: S&P Global

HDFC Bank launches micro-credit facility for street vendors

IndusInd Bank introduces one-stop mobile app for merchants

RBI says it has big concerns on cryptocurrencies

UBS revises India's GDP forecast to 9.5% from 8.9%

LIC IPO expected to hit the market by Q4 of FY22

Startups have rapidly found PE, VCs

New age industries will add to the Indian economy in a big way

U.K. Consumer Price Index (CPI) YoY at 4.2% vs Expected 3.9%

Eurozone Consumer Price Index (CPI) YoY at 4.1% vs Expected 4.1%

U.S. Building Permits at 1.650M vs Expected 1.638M

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 17400. Maximum call open interest was seen at 18000 followed by 18500

Put Writing seen at 17800 followed by 17400

Call Writing seen at 18000 followed by 18100

India VIX fell by 1.41% from 15.20 to 14.98 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 54.64% long in index future was equal compared to the previous day.

In Cash Market, FII's are net sellers 344.35 crores, and DII's are net sellers 61.14 crores.

Options data suggests a trading range between 17700 to 18100.

Global Markets:

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

Dow Jones industrial average was down by 211.17 points or 0.58% to 35931.05

S&P 500 Index was down by 12.23 points or 0.26% to 4688.67

Nasdaq Composite was down by 52.28 points or 0.33% to 15921.57

European markets were mixed at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 12 points lower to 17871.50  07.30 IST

SGX Nifty indicates a flat opening for Indian markets.

Keep an eye on these Economic Data:

U.S. Initial Jobless Claims Data after Indian market hours