2nd August Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended Positive on Friday. BSE Sensex was down by 66.23 points to 52,586.84 and Nifty down by 15.40 points to 15763.05.

The Nifty index trading between a wider range of 15450 - 15915 for the past 9 days.

Sun Pharma was the top gainer by 10.06 percent, after the company reported a net profit of Rs1,444.17 crore for the June quarter, compared to a net loss of Rs1,655.60 crore in the year-ago period.

Nifty Trend Remains in sideways.

India Forex Reserves down by $1.581 billion to $611.149 billion. This was a lifetime high last week at $612.730 billion

GST Collection is at ₹ 1.16 Lakh crore for July month which is 33% higher than the same month a year ago.

China Manufacturing PMI Data at 50.4 vs Expected 50.8 slowest since pandemic.

Manufacturing PMI is a Leading indicator of its overall performance. A reading above 50 means, expansion in the sector, and below 50 means contraction in the sector.

Eurozone Inflation in July Rose to 2.2% YoY, above the target of Euro central bank

Results:

Today Results: Housing Development Finance Corporation ( HDFC)

Open interest:

On open interest, Maximum put open interest was seen at 15000 followed by 15500

Maximum call open interest was seen at 15800 followed by 16000

Put Writing seen at 15800 followed by 15000

Call Writing seen at 15800 followed by 16200

India VIX Down by 1.16 % percent from 12.94 to 12.80 level. Fall in VIX level 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 were 61.75 % long in index future was Decreased compared to Thursday's ( 29/07/2021) 68.71%.

In Cash Market, FII's are net sellers - 3848.31 crores, and DII's are net buyers are 2956.68 crores.

Options data suggests a trading range between 15500 to 16000.

Global Markets:

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

Dow Jones industrial average Down by 149.06 points or 0.42 % at 34,935.47

S&P 500 Index Down by 23.89 points or 0.54 % at 4395.26

Nasdaq Composite up by 105.59 points or 0.71 % at 14672.68

European markets were ended in Red.

 Asian Markets are Trading Mixed right now IST 07.30

SGX Nifty trading 103 points Higher at 15877 IST 07.30

SGX Nifty indicates a Positive opening for Indian markets.

Keep an eye on these Economic Data:

Euro-Zone Manufacturing PMI Data at 13.30 IST

U.K Manufacturing PMI Data YoY at 14.00 IST