29th July Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended negative yesterday. BSE Sensex was down by 135.05 points to 52,443.71 and Nifty down by 37 points to 15709.

The Nifty index trading between a wider range of 15450 - 15915 for the past 7 days.

Bharti Airtel, Tata Steel, were the top gainers. 

Nifty after falling 247 points in the first 2 hours then recovered, shows buying interest in the Markets.

U.S Federal Reserve left its benchmark rate unchanged in the range of 0% to 0.25% and said it would continue its $120 billion monthly bond purchases. Positive for the Market

U.S Federal Reserve gave no clue when it Might Reducing its Government bond Purchases

Net Profit at Rs.441 crore, lower than Expected

Net sales down to 27 %.The Company said production and sales were affected due to pandemic.

Nestle India Results:

Net Profit Rose 11% to Rs. 539 crore for the quarter ended June

Net sales of the quarter up by 14% 

Results:

Today Results: Tech Mahindra

Open interest:

On open interest, Maximum put open interest was seen at 15500 followed by 15600

Maximum call open interest was seen at 15800 followed by 16000

Put Writing seen at 15600 followed by 15500

Call Writing seen at 15700 followed by 15750

India VIX up by 3.48 % percent from 13.23 to 13.69 level. Vix has seen a sharp spike to 16 during trading hours and it needs to go below 12 to again get a bullish stance for the market.

Participant wise open interest data of FII Shows Call selling in the index is more than Put selling.

FII's are 55.20 % long in index future was Decreased compared to yesterday's 56.57%.

In Cash Market, FII's are net sellers - 2274.77 crores, and DII's are net buyers are 921.45 crores.

Options data suggests a trading range between 15600 to 15900.

Global Markets:

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

Dow Jones industrial average down by 127.59 points or 0.36 %  at 34930.93

S&P 500 Index down by 0.82 points or 0.019 % at 4400.64

Nasdaq Composite up by 102.01 points or 0.70 % at 14762.58 

European markets were ended in Green.

Most of the Asian Markets are Trading Positive right now IST 07.30

SGX Nifty trading 13 points Higher at 15720 IST 07.30

SGX Nifty indicates a Positive opening for Indian markets.