2nd December 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 up by 619.92 points to 57684.79 and Nifty was up by 183.70 points to 17166.90

IndusInd Bank, JSW Steel, Tata Motors were the top gainers.

For Nifty immediate Resistance at 17,300 level and17,050 to act as immediate support.

Digital payment transactions have witnessed a multifold increase in the last few years, growing to 5,554 crores in FY2020-21 from 1,004 crores in FY2016-17, Parliament was informed on Wednesday

GST collections in November cross Rs.1.3 lakh crore, second-highest ever

IPO-bound LIC asks its policyholders to update PAN for participation in public offer

Tata Power Solar has received letter of award (LoA) for a solar and battery storage project worth Rs.945 crore from Solar Energy Corporation of India Ltd

JMC Projects has secured two orders worth Rs.1,795 crore, including water supply projects worth Rs.1,085 crore. Apart from the water supply projects, the company has bagged an order for Buildings & Factories (B&F) projects worth Rs.710 crore in the country, it said in a statement.

HDFC, Axis Bank sold Reliance Capital debt facilities to ACRE a few months before RBI superseded the R-Cap board

The combined debt-to-GDP ratio of states is expected to remain at 31 per cent by end-March 2022 which is worryingly higher than the target of 20 percent to be achieved by 2022-23, according to a RBI report.

India Nikkei Markit Manufacturing Purchasing Managers Index (PMI) Data at 57.6% vs Expected 55.1

Eurozone Manufacturing Purchasing Managers Index (PMI) Data at 58.4 vs Expected 58.6

U.K. Manufacturing Purchasing Managers Index (PMI) at 58.1 vs Expected 58.2

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 16000. Maximum call open interest was seen at 18000 followed by 17000.

Put Writing seen at 17000 followed by 17100

Call Writing seen at 17200 followed by 17100

India VIX fell by 8.13% from 21.17 to 19.45 level.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 73.09% long in index future was increased compared to the previous day.

In Cash Market, FII's are net sellers 2765.84 crores, and DII's are net buyers 3467.02 crores.

Options data suggests a trading range between 17000 to 17400

Global Markets:

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

Dow Jones industrial average was down by 461.68 points or 1.34% to 34022.04

S&P 500 Index down by 53.96 points or 1.18% to 4513.04

Nasdaq Composite was down by 283.64 points or 1.83% to 15254.05

European markets were negative at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 95 points lower to 17150  07.30 IST

SGX Nifty indicates a flat opening for Indian markets.

Keep an eye on these Economic Data:

Eurozone Producer Price Index (PPI) YoY Data at 15.30 IST

Eurozone Unemployment Rate Data at 15.30 IST

U.S. Initial Jobless Claims Data after Indian market hours