Daily Market Report:
The Indian Equity benchmark indices BSE Sensex and Nifty 50 rose on Friday ( 23/07/2021). BSE Sensex was up by 138.59 points at 52,975.80 and Nifty up by 32 points at 15856
The Nifty index trading between a wider range of 15450 - 15915 for the past 4 days.
ICICI Bank was the top gainer by 3.12 % at 676.40
India's foreign exchange reserves rise by $835 Million to a record high of $612.73 billion vs the previous $ 611.90 billion.
U.S Manufacturing PMI at 63.1 vs Expected 62.0
U.S Services PMI at 59.8 vs Expected 64.8
U.K Retail sales at 0.5 % vs Expected 0.4 %. Positive for the market.
U.K Manufacturing PMI at 60.4 vs Expected 62.7
U.K Services PMI at 57.8 vs Expected 62.0
Reliance Results ( Q1):
Net Profit Falls at 7% YoY to Rs.12,273 cr
ICICI Bank Results ( Q1):
Net Profit Rises 78% to Rs.4616 cr
Net interest income ( NII) for the quarter rose 18 % YOY from Rs.9280 cr to Rs.10936 cr.
ITC Results ( Q1):
Net Profit Rises 29 % to Rs.3013 cr. vs Expected Rs.3219 cr.
Results:
Today Results. Kotak Mahindra Bank, Axis Bank, Larsen& Toubro
Open interest:
On open interest, Maximum put open interest was seen at 15800 followed by 15500
Maximum call open interest was seen at 16000 followed by 15900
Put Writing seen at 15800
Call Writing seen at 16000 and 15900
India VIX Down by 1.03 % percent from 11.88 to 11.76 level. Fall in VIX level shows buying interests for investors in the market.
Participant wise open interest data of FII Shows Put selling in the index is more than Call selling.
FII's are 59 % long in index future was increased compared to Friday's ( 23/07/2021) 57 %
In Cash Market, FII's are net sellers - 163.31 crores, and DII's are net buyers are 2187.80 crores.
Options data suggests a trading range between 15500 to 16000.
Global Markets:
U.S Markets were positive at the end of Friday ( 23/07/2021).
Dow Jones industrial average up by 238 points or 0.68 % at 35061.55
S&P 500 Index up by 44 points or 1.01% at 4411.79
Nasdaq Composite up by 152.39 points or 1.04 % at 14836.99
European markets were ended in Green.
Asian Markets are Trading Negative right now IST 07.30
SGX Nifty trading 98 points Lower at 15756 IST 07.30
SGX Nifty indicates a Negative opening for Indian markets
Keep an eye on these Economic Data:
U.S New Home Sales Data after Indian market hours.
