20th August Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended negative at the end of the day. BSE Sensex was down by 162.78 points to 55629.49 and Nifty down by 45.75 points to 16,568.85

Eicher Motors, Ultratech Cement, Bajaj Finance were the top gainers.

RBI relaxation on credit card ban: MD says HDFC Bank will be aggressive to win lost market share.

Crisil upgrades India Inc’s credit outlook to positive.

ICICI Securities to provide curated international portfolios from global fund managers.

Fintech company small case raised $40 mn from Amazon and Faering capital.

U.S Initial jobless claims data at 348k vs Expected 363k. Positive for the economy.

Federal Reserve Preparing for Taper this year.

Open interest:

On open interest, Maximum put open interest was seen at 16500 followed by 16000. Maximum call open interest was seen at 17000 followed by 16700.

Put Writing seen at 16700 followed by 16600.

Call Writing seen at 16700 followed by 17000.

India VIX down by 3.78% from 13.41 to 12.90 on a day. Overall Lower volatility indicates that bulls are Holding the Market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 63.89 % long in index future was decreased compared to the previous day

In Cash Market, FII's are net sellers 595.32 crores, and DII's are net sellers 729.49 crores.

Options data suggests a trading range between 16300 to 16700.

Global Markets:

U.S Markets were Mixed at the end of the Day.

Dow Jones industrial average was down by 66.57 points or 0.19% at 34894.12 

S&P 500 Index was up by 5.53 points or 0.13% at 4405.80

Nasdaq Composite was up by 15.87 points or 0.11% at 14541.79

European markets were Negative at the end of the day

Most of the Asian Markets are trading Negative right now 07.30 IST

SGX Nifty indicates a Flat opening for Indian markets.

Keep an eye on these Economic Data:

U.K Retail sales data at 11.30 IST

India FX Reserves data after Indian market hours