29th September Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed negative at the end of the day. BSE Sensex was down by 410.28 points to 59667.60 and Nifty was down by 106.50 points to 17748.60

PowerGrid, Coal India, NTPC were the top gainers

Following negative global cues and profit-booking in IT and realty sectors, the domestic market hit rough weather

Maruti Suzuki has asked its component suppliers to be ready for the production of 160,000-180,000 cars and SUVs in October

Reliance Industries is in talks to invest between $200 million and $250 million in InMobi’s lock screen content platform Glance

LIC seeks to appoint CFO before its mega IPO planned in 2021/22HDFC Bank has raised Rs 5,000 crore by issuing bonds on a private placement basis

PSU banks surge as reports say lenders to log recoveries of Rs 37,400 crore this week in DHFL case 

State-owned REC has got shareholders' approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures

Dish TV gets 2 months extension from the Registrar of Companies to call AGM

Aditya Birla Sun Life AMC IPO opens today

U.S Vix up by 24%

The 10-year US Treasury yield climbed 3 basis points to 1.49%, the highest since June.

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 17500. Maximum call open interest was seen at 18000 followed by 17900

Put Writing seen at 17500 followed by 17600

Call Writing seen at 17800 followed by 17900

India VIX was up by 2.67 % from 18.05 to 18.54 on a day.

VIX has to cool down below 15-14 zone to continue the smooth ride of the market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 53.44 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 1957.70 crores, and DII's are net buyers 161.45 crores.

Options data suggests a trading range between 17500 to 18000.

Global Markets:

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

Dow Jones industrial average was down by 569.38 points or 1.63% to 34299.99 

S&P 500 Index was down by 90.48 points or 2.04% to 4352.63 

Nasdaq Composite was down by 423.29 points or 2.83% to 14546.68 

European markets were negative at the end of the day

Asian markets are trading Negative right now 07.30 IST

SGX Nifty trading 107 points lower to 17617.50 07.30 IST

SGX Nifty indicates a Negative opening for Indian markets.

Keep an eye on these Economic Data:

U.S. Pending Home Sales Index data after Indian market hours

ECB President Lagarde Speaks after Indian market hours

Federal Reserve Chair Jerome Powell speaks after Indian market hours