24th August Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended Positive at the end of the day. BSE Sensex was up by 226.47 points to 55,555.79and Nifty was up by 45.95 points to 16,496.45.

HCL Tech, TCS were the top gainers.

Indian markets will react based on global markets in the coming sessions.

NSE warns against unregulated derivative products

The country is facing an 8% monsoon rainfall deficit which may impact inflation.

HDFC Bank plans to sell 3 lakh credit cards and aims to regain lost market share in 1 year

U.K. Manufacturing Purchasing Managers Index (PMI) at 60.1 vs 60.4

Open interest:

On open interest, Maximum put open interest was seen at 16500 followed by 16000. Maximum call open interest was seen at 16600 followed by 16500.

Put Writing seen at 16500 followed by 16200.

Call Writing seen at 16600 followed by 16700.

India VIX down by 2.35 % from 14.02 to 13.68 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 63.20 % long in index future was increased compared to the previous day

In Cash Market, FII's are net sellers 1363.36 crores, and DII's are net buyers 1452.51 crores.

Options data suggests a trading range between 16400 to 16700.

Global Markets:

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

Dow Jones industrial average was up by 215.63 points or 0.61% at 35335.71

S&P 500 Index was up by 37.86 points or 0.85% at 4479.53

Nasdaq Composite was up by 227.99 points or 1.55% at 14942.65

European markets were closed positive at the end of the day

Asian Markets are trading Positive right now 07.30 IST

SGX Nifty trading 89 points Higher at 16584  07.30 IST

SGX Nifty indicates a Positive opening for Indian markets.

Keep an eye on these Economic Data:

U.S. New Home Sales data after Indian market hours