18th October 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 (14/10/2021). BSE Sensex was up by 568.90 points to 61305.95 and Nifty was up by 176.80 points to 18338.55

Adani ports, Wipro, Grasim were the top gainers.

Profits of the Nifty50 companies have grown in each of the previous four quarters.

The average net earnings of the Nifty50 companies during the March and June quarters in 2021 stood at Rs.1.35 lakh crore compared to an average profit of Rs.93,400 crore in the four quarters of 2019

Analysts Expect Nifty Ebitda and PAT (profit after tax) to grow 20% and 25% year-on-year in FY22, aided by domestic demand recovery and rise in global commodity and energy prices

The key hurdles of future growth could be rising inflation, a hike in interest rates, and sub-par GDP numbers.

Although the outlook for the next 12 months is positive for India given the PLI initiatives, infrastructure pipeline, electricity reforms, and other regulatory aid

HCL Tech Q2 results, Net profit rises 4% to Rs.3,259 crore, announces interim dividend of Rs.10

HDFC Bank Q2 Results, Profit grows 17.6% to Rs.8,834 crore, net interest income rises 12%

September WPI inflation eases to 10.66% on lower food prices,

India's trade deficit widens to record $22.6 billion in September

India's Forex reserves rise by $2.04 billion to $639.51 billion

China Gross Domestic Product (GDP) YoY at 4.9 % vs Expected 5.2%

China Industrial Production YoY at 3.1% vs Expected 4.5%

U.S. Initial Jobless Claims Data at 293k vs Expected 319k

Today Results:

UltraTech Cement Limited

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 18000. Maximum call open interest was seen at 18500 followed by 19000

Put Writing seen at 18300 followed by 18000

Call Writing seen at 18300 followed by 18800

India VIX fell by 2.07% from 16.10 to 15.82 level.

Vix has to cool down below 15-14 levels to ensure a smooth ride for the market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 67.46 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net buyers 1681.60 crores, and DII's are net sellers 1750.59 crores.

Options data suggests a trading range between 18200 to 18600.

Global Markets:

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

Dow Jones industrial average was up by 382.20 points or 1.09% to 35294.76 

S&P 500 Index was up by 33.11 points or 0.75% to 4471.37 

Nasdaq Composite was up by 73.91 points or 0.50% to 14897.34

European markets were positive at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 40 points higher to 18444  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

U.S. Industrial Production Data after Indian Market hours