27th October Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed positive at the end of the day. BSE Sensex was up by 383.21 points to 61350.26 and Nifty was up by 143 points to 18268.40

Tata Motors, Tata Steel, Titan were the top gainers

Index forms bullish candle after six straight red candles

For Today market, Participants should maintain a positive yet cautious approach and prefer hedged positions. Because of Monthly F&O Expiry tommorow, selling pressure may come.

Govt receives Rs.533 crore from 4 CPSEs as dividend

The global shortage of semiconductors will moderate India’s passenger vehicle (PV) sales to 11-13% this fiscal

India's tax revenues likely to beat forecast

Kotak Bank Q2 Results, PAT at Rs.2,032.01 crore vs Rs.2,184.48 crore YoY

Axis Bank on Tuesday reported an 86 percent year-on-year (YoY) rise in net profit at Rs.3,133 crore for the September quarter compared with Rs.1,683 crore in the same quarter last year

U.S. New Home Sales Data at 800 k vs 760k

U.S. CB Consumer Confidence Data at 113.8 vs 108.3

Today Results:

ITC, Larsen & Toubro, Maruti Suzuki India, Titan Company

Open Interest:

On open interest, Maximum put open interest was seen at 18000 followed by 18200. Maximum call open interest was seen at 18500 followed by 18300

Put Writing seen at 18200 followed 18300

Call Writing seen at 18600 

India VIX fell by 4.87% from 17.61 to 16.75 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 put selling in the index is more than call selling. FII's were 57.64 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 2368.66 crores, and DII's are net buyers 1385.41 crores.

Options data suggests a trading range between 17900 to 18400.

Global Markets:

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

Dow Jones industrial average was up by 15.73 points or 0.044% to 35756.88 

S&P 500 Index was up by 8.31 points or 0.18% to 4574.79

Nasdaq Composite was up by 9.01 points or 0.059% to 15235.72

European markets were positive at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 43.50 points lower to 18290   07.30 IST

SGX Nifty indicates a flat opening for Indian markets.

Keep an eye on these Economic Data:

U.S. Core Durable Goods Orders MoM Data after Indian Market hours