Daily Market Report:
The Equity Indian benchmark indices BSE Sensex and Nifty 50 Ended Flat on Friday (16/07/2021). Bse Sensex was down by 19 points at 53140 and Nifty settled by 0.80 points at 15923.
Divis labs was the top gainer by 3.46% at 4766.55
Paytm is expected to announce IPO with an issue size of Rs.16,600 crore, Coal India is the largest IPO till now with an issue size of 15.200 crores was in 2010.
HDFC Bank is waiting for RBI to take a call on lifting a ban on issuing new credit cards. Earlier on December 3, 2020 RBI had asked the lender to temporarily stop issuing new credit cards to customers
India's foreign exchange reserves rise by $1.88 billion to record high of $611.90 billion vs previous $ 610.01 billion.
U.S Retail sales increased in June by 0.6 % vs Expected -0.4%. Positive for Market.
U.S Core Retail sales increased in June by 1.3 % vs Expected 0.4%. Positive for Market.
HDFC Bank Results ( Q1):
Net profit Jumps 16.1 % ( YoY)
Net profit at 7,729.64 Crore vs Expected 7,931 crore in the quarter ended June 30, 2021, as compared to 6,658.62 crores last year in the same period.
The Board of directors approved a dividend of Rs. 6.50 per Equity share.
Results:
Today Results HCL Technologies, HDFC Life insurance company Limited, ACC Limited
Open interest:
On open interest, Maximum put open interest was seen at 15500 followed by 15800
Maximum call open interest was seen at 16000 followed by 16300
Put Writing seen at 15400 and 15500
Call Writing seen at 16300 and 16400
India VIX Fell 4.60% percent from12.27 to 11.71 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 68 % long in index future was decreased compared to yesterday's 73 %
FII's are net sellers - 466.30 crores, and DII's are net buyers are 666.07 crores.
Options data suggests a trading range between 15500 to 16000.
Global Markets:
U.S Markets Ended in red on Friday ( 16/07/2021).
Dow Jones industrial average down by 0.86 % at 34687.85
S&P 500 Index down by 0.75 % at 4327.16
Nasdaq Composite down by 0.80 % at 14427.24
European markets Ended in Red on Friday.
Most of the Asian Markets are Trading in Red right now IST 07.30
SGX Nifty trading 216 points lower at 15720 IST 07.30
SGX Nifty indicates a Gap down and Negative opening for Indian markets
