19th 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. BSE Sensex was up by 459.64 points to 61765.59 and Nifty was up by 138.50 points to 18477.05

Hindalco, Infosys, Tech Mahindra were the top gainers.

The market is entering a bullish mode, but that is nothing new since March 2020. 

India in no hurry to unwind stimulus but oil is a worry, says FM

Govt pushing to get LIC IPO done on time: Sitharaman

Oil prices climb as Covid recovery, power generators stoke demand

Residential sales register 59% growth YoY in Q3 2021

UltraTech Cement net profit was up 12.6% at Rs 1,313.5 crore against Rs 1,166.4 crore (YoY).Revenue was up 15.7% at Rs 12,017 crore against Rs 10,387.1 crore (YoY)

Today Results:

Hindustan Unilever, Nestle India

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 18500 followed by 18400

Call Writing seen at 18900 followed by 18700

India VIX up by 8.99% from 15.77 to 17.18 level.

Spike in volatility suggests a volatile move could be seen but the main reason for the spike in volatility was Call unwinding pressure in the market

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 65.97 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net buyers 512.44 crores, and DII's are net sellers 1703.87 crores.

Options data suggests a trading range between 18200 to 18700.

Global Markets:

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

Dow Jones industrial average was down by 36.15 points or 0.10% to 35258.61 

S&P 500 Index was up by 15.09 points or 0.34% to 4486.46 

Nasdaq Composite was up by 124.47 points or 0.84% to 15021.81

European markets were negative at the end of the day

Asian markets are trading positive right now 07.30 IST

SGX Nifty trading 78.50 points higher to 18564.50  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

U.S. Building Permits Data after Indian Market hours.