25th 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 101.88 points to 60821.62 and Nifty was down by 63.20 points to 18114.90

HDFC, Bajaj Auto, Kotak Bank were the top gainers.

Last week Indian markets fall as bears tightened their grip. Valuations of numerous companies are high.

Indian market is impacted by Q2 results, which are weak than forecasted due to high input cost.

Market this week may still find it difficult and may remain range-bound

Markets will react to the Reliance and ICICI Bank results in early trade today

The market direction in coming sessions would likely be determined by demand momentum in the festive season, movement in commodity inflation, and mobility trends. 

Commentary of companies that are yet to report results of Q2FY22 and institutional flows should be other factors to watch out for market participants.

Fed's Powell says taper could start in November, finish in Mid-2022 but not to raise Interest rates

The US bond yields hit 1.7 percent (for the first time since May 2021) during the week, before settling at 1.64 percent, up from 1.57 percent on week-on-week basis

Most experts feel the US Fed could start tapering in November or December, and the rising US bond yields could spoil the global equity market mood.

Reliance Q2 results: Consolidated net profit surges 43% to Rs.13,680 cr

ICICI Bank reports highest ever quarterly net profit of Rs.5,511 cr in Q2

India Forex Reserves Rise By $1.492 Billion To Touch $641 Billion

India Deposit Growth at 10.2% vs Expected 9.3%

India Bank Loan Growth at 6.5% vs Expected 6.7%

U.K. Retail Sales MoM at -0.2% vs Expected 0.5%

U.K. Manufacturing Purchasing Managers Index (PMI) at 57.7 vs Expected 55.8

Today Results:

Tech Mahindra

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 18000. Maximum call open interest was seen at 18500 followed by 18200

Put Writing seen at 17500 followed 18000

Call Writing seen at 18300 followed by 18200

India VIX fell by 2.72% from 18.04 to 17.54 level.

Vix has to cool down below 15-14 levels to ensure a smooth ride for the market.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 61.89 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 2697.70 crores, and DII's are net buyers 1029.97 crores.

Options data suggests a trading range between 17900 to 18300.

Global Markets:

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

Dow Jones industrial average was up by 73.94 points or 0.21% to 35677.02 

S&P 500 Index was down by 4.88 points or 0.11% to 4544.90

Nasdaq Composite was down by 125.50 points or 0.82% to 15090.20

European markets were positive at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 8.50 points higher to 18153 07.30 IST

SGX Nifty indicates a flat opening for Indian markets.

Keep an eye on these Economic Data:

U.S. Chicago Fed National Activity after Indian market hours