24th September 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 958.03 points to 59885.36 and Nifty was up by 276.30 points to 17822.95

BajaFinserv, Hindalco, L&T Were the top gainers

World markets rallied on Thursday after the US Federal Reserve confirmed plans to start reeling in stimulus

Reliance Industries market cap closing in on Rs.17 lakh crore. The stock is trading 2.28% up

LIC Housing Finance extends the lowest home loan offer of 6.66% for loans up to Rs.2cr

IIFL Finance to raise Rs.1,000 crore via bonds

Real estate sector in a multi-year bull run

India may seek a rating upgrade from Moody’s amid recovery hopes

Bharti Airtel rights issue to open on Oct 5

Domestic telecom gear maker Tejas Networks on Thursday said it has been selected by Bharti Airtel to enhance the telecom operator's optical network capacity in key metropolitan markets.

The Securities and Exchange Board of India (Sebi) has issued show-cause notices to 141 employees of Titan, India's largest watch and jewelry retailer, alleging violation of insider trading rules

Eurozone Manufacturing Purchasing Managers Index(PMI)Data at 58.7 vs Expected 60.3

U.K. Manufacturing Purchasing Managers Index (PMI) Data at 56.3 vs Expected 59.0

U.K. Interest Rate data unchanged 0.10% vs expected 0.10%

U.S Initial jobless claims Data at 351k vs Expected 320k

Open Interest:

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

Put Writing seen at 17800 followed by 17700

Call Writing seen at 18000 followed by 18500

India VIX was up by 0.67 % from 16.49 to 16.50 on a day.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 60.93 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net buyers 357.93 crores, and DII's are net buyers 1173.09 crores.

Options data suggests a trading range between 17500 to 18000.

Global Markets:

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

Dow Jones industrial average was up by 506.50 points or 1.48% to 34764.82 

S&P 500 Index was up by 53.34 points or 1.21% to 4448.98 

Nasdaq Composite was up by 155.40 points or 1.04% to 15052.24 

European markets were positive at the end of the day

Most of the Asian markets are trading positive right now 07.30 IST

SGX Nifty trading 15 points higher at 17844   07.30 IST

SGX Nifty indicates a Positive opening for Indian markets.

Keep an eye on these Economic Data:

India FX Reserves (USD) data after Indian Market hours

U.S. Fed Chair Powell Speaks after Indian Market hours