28th July Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended negative yesterday. BSE Sensex was down by 274 points to 52,579 and Nifty down by 79 points to 15746.

The Nifty index trading between a wider range of 15450 - 15915 for the past 6 days.

Hindalco, Tata Steel, SBIN was the top gainer. 

China and Hong Kong shares again fell yesterday sharply after tighter government regulations in Some sectors

Globally, markets are waiting for the upcoming Fed Meeting this week.

IMF, The International Monetary Fund cuts India's GDP Growth Forecast from 12.5 % to 9.5 % for FY22.
Dr. Reddy Laboratories Results (Q1):

Consolidated Net Profit After Falls 36% to Rs.380 crore. 

Dr. Reddy’s were down 10 percent at Rs 4,853.20 on the National Stock Exchange

IndusInd Bank Results ( Q1):

Net Profit Rose 112% YoY to Rs.975 crore.Bank Reported Healthy Growth in Both Corporate and Retail Loans.

Results:

Today Results: Maruti Suzuki India Limited, Nestle India Limited

Open interest:

On open interest, Maximum put open interest was seen at 15000 followed by 15700

Maximum call open interest was seen at 15800 followed by 15900

Put Writing seen at 15550 followed by 15700

Call Writing seen at 15850 followed by 15700

India VIX up by 6.29 % percent from 12.45 to 13.23 level. Spike in India 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 Call selling in the index is more than Put selling.FII's are 56.57 % long in index future was Decreased compared to yesterday's 59.82 %.

In Cash Market, FII's are net sellers - 1459.78 crores, and DII's are net buyers are 729.96 crores.

Options data suggests a trading range between 15600 to 15900.

Global Markets:

U.S Markets were Negative at the end of the day.

Dow Jones industrial average down by 85.79points or 0.24% at 35058.52

S&P 500 Index down by 20.84 points or 0.47% at 4401.46

Nasdaq Composite down by 180.14 points or 1.21% at 14660.58

European markets were ended in Negative.

Asian Markets are Trading Mixed right now IST 07.30

SGX Nifty trading points 28 Higher at 15770 IST 07.30

SGX Nifty indicates a Flat opening for Indian markets.