1st October 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 286.91 points to 59126.36 and Nifty was down by 93.15 points to 17618.15

BajajFinsv, Bajaj Finance, Tata Motors were the top gainers

Investors booked profit on the expiry day due to lack of fresh triggers

Worries over the US debt ceiling crisis and uptick in bond yield triggered further consolidation in markets

The domestic market also got vigilant ahead of the release of August’s core sector output data

FPIs write to Sebi against T+1 settlement

TCS wins large deal from MCX to build a new trading platform

SBI signs pact with three NBFC-MFIs for co-lending to joint liability groups

Tata Steel divests its entire stake in NatSteel Holdings Pte for Rs 1,275 crore. 

NTPC REL signs first green term loan pact of Rs 500 cr with Bank of India

Airtel to invest Rs 5,000 crore to scale up its data centre business. The telecom major on Thursday unveiled a refreshed brand identity ‘Nxtra by Airtel’ for its data centre business.

U.K. Gross Domestic Product (GDP) QoQ at 5.5% vs expected 4.8%

U.S. Gross Domestic Product (GDP) QoQ at 6.7 vs expected 6.6%

U.S initial jobless claims data at 362 k vs Expected 335k

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 17500. Maximum call open interest was seen at 18000 followed by 18500

Put Writing seen at 17800 followed by 17600

Call Writing seen at 17700 followed by 17800

India VIX was down by 2.31 % from 18.84 to 18.40 on a day.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 56.66 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net sellers 2225.60 crores, and DII's are net buyers 97.18 crores.

Options data suggests a trading range between 17000 to 17800.

Global Markets:

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

Dow Jones industrial average was down by 546.80 points or 1.59% to 33843.92 

S&P 500 Index was down by 51.92 points or 1.19% to 4307.54 

Nasdaq Composite was down by 63.86 points or 0.44% to 14448.58 

European markets were Negative at the end of the day

Asian markets are trading Negative right now 07.30 IST

SGX Nifty trading 174 points lower to 17428  07.30 IST

SGX Nifty indicates a Negative opening for Indian markets.

Keep an eye on these Economic Data:

Eurozone Manufacturing (PMI) Data at 13.30 IST

U.K Manufacturing (PMI) Data at 14.00 IST

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

India FX Reserves (USD) data after Indian Market hours