21st September Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were negative at the end of the day. BSE Sensex was down by 524.96 points to 58490.93 and Nifty was down by 188.25 points to 17396.90

Hindustan Unilever, Bajaj Finance, ITC were the top gainers.

HDFC ties up with Paytm for credit card issuance

Nestle India chief Suresh Narayanan says 2022 going to be a difficult year on higher commodity prices

The upcoming festive season raises hopes for consumer demand picking up, rating agency ICRA said in a note.

Possible tapering timeline from the Fed this week, rising bond yields in the US, and news of the crisis in the large Chinese real estate developer Evergrande are likely to weigh on markets

Investors will be closely watching the Fed's two-day meet starting on Tuesday, where it is expected to lay the groundwork for the tapering of its bond-buying program.

Open Interest:

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

Put Writing seen at 17200 followed by 17400

Call Writing seen at 17500 followed by 18000

India VIX was up by 14.84 % from 15.23 to 17.49 on a day.

Spike in India VIX may give a volatile swing to the market

VIX is hovering at its highest levels in the last 76 trading sessions

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 60.06 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net buyers 92.54 crores, and DII's are net sellers 1626.58 crores.

Options data suggests a trading range between 17200 to 17600.

Global Markets:

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

Dow Jones industrial average was down by 614.41 points or 1.78% at 33970.47 

S&P 500 Index was down by 75.26 points or 1.70% at 4357.73 

Nasdaq Composite was down by 330.06 points or 2.19% at 14713.90 

European markets were Negative at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 47.50 points higher at 17421  07.30 IST

SGX Nifty indicates a Flat to positive opening for Indian markets.

Keep an eye on these Economic Data:

China Market holiday for Mid Autumn Festival

U.S. Building Permits Data After Indian market hours