Daily Market Report:
The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended negative yesterday. BSE Sensex was down by 123.53 points at 52,852.27 and Nifty down by 31.60 points at 15824
The Nifty index trading between a wider range of 15450 - 15915 for the past 5 days.
SBI Life was the top gainer by 3.96% at 1092.05
China and Hong Kong shares fell sharply to their lowest this year.
Chinese education, property, and tech sector fell sharply after tighter government regulations.
Globally, markets are waiting for the upcoming Fed Meeting this week.
U.S New home sales data at 676k vs Expected 800k
Two day U.S Fed Meet to Begin Today.
Kotak Mahindra Bank Results (Q1):
Net Profit Rises 32% to Rs.1641 crore
Bad Loans rose to 1.28% from 0.87%
Axis Bank Results ( Q1):
Net Profit Rises 94% to Rs.2160 crore
Larsen& Toubro Results (Q1):
Net profit rises to almost four times at Rs.1174.4 crore
Results:
Today Results: Dr. Reddy Laboratories, IndusInd Bank
Open interest:
On open interest, Maximum put open interest was seen at 15800 followed by 15000
Maximum call open interest was seen at 16000 followed by 15900
Put Writing seen at 15800 followed by 15700
Call Writing seen at 15900 followed by 15900
India VIX up by 5.87 % percent from 11.76 to 12.45 level. Spike in vix levels shows some profit booking in the market but overall VIX level is low, which 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 59.82 % long in index future.
In Cash Market, FII's are net sellers - 2376.79 crores, and DII's are net buyers are 1551.27 crores.
Options data suggests a trading range between 15700 to 16000.
Global Markets:
U.S Markets were positive at the end of the day
Dow Jones industrial average up by 82.76 points or 0.24 % at 35144.31
S&P 500 Index up by 10.51 points or 0.24 % at 4422.30
Nasdaq Composite up by 3.72 points or 0.025% at 14840.71
European markets were ended Mixed.
Asian Markets are Trading Mixed right now IST 07.30
SGX Nifty trading 45 points Higher at 15867 IST 07.30
SGX Nifty indicates a Positive opening for Indian markets
