26th October Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed flat with positive at the end of the day. BSE Sensex was up by 145.43 points to 60697.05 and Nifty was up by 10.50 points to 18125.40

ICICI Bank, Axis Bank, ONGC Were the top gainers.

Support from Banking stocks helped to balance bearish pressure

ICICI Bank surpasses HUL to become 5th largest company by m-cap

Paytm's parent co One97 Communication gets Sebi nod for IPO

Tata Motors to invest Rs.15000 cr in EVs

TVS Motor ties up with Bahwan International Group to strengthen presence in Iraq

According to the latest report by Michael Page India, India Inc is seeing a 14% employment rise in the third quarter of 2021 compared to the same quarter last year.

The global logistics company, Gxpress Solutions India Pvt. Ltd., provides assistance to Indian SMEs (Small and Medium Enterprises) to head worldwide and exhibit their merchandise overseas

Foreign portfolio investors (FPIs) have turned net sellers in Indian market by pulling out Rs 3,825 crore in October so far.

TechM Q2 profit jumps 26% YoY, co announces Rs 15 dividend

Today Results:

Kotak Mahindra Bank, Axis Bank, Bajaj Finance, Ambuja cements 

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 17600 followed 17800

Call Writing seen at 18600 followed by 18500

Fear gauge India VIX rose slightly but did not break the 18-level

India VIX up by 0.065% from 17.54 to 17.61 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 58.81 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 2459.10 crores, and DII's are net buyers 2390.23 crores.

Options data suggests a trading range between 17900 to 18300.

Global Markets:

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

Dow Jones industrial average was up by 64.13 points or 0.18% to 35741.15 

S&P 500 Index was up by 21.58 points or 0.47% to 4566.48

Nasdaq Composite was up by 136.51 points or 0.90% to 15226.71

European markets were mixed at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 44.50 points higher to 18185.50  07.30 IST

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

Keep an eye on these Economic Data:

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

U.S. CB Consumer Confidence Data after Indian market hours