2nd November 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 was up by 831.53 points to 60138.46 and Nifty was up by 258 points to 17929.65

IndusInd Bank, Hindalco, Bharti Airtel were the top gainers.

Markets moved higher on Positive macro data boosted the sentiments at the beginning of the festive week. Markets digested the FII selling in October.

GST collection for Oct at Rs.1.3 lakh cr vs Rs.1.17 lakh cr in September

80% of the economy is now formal: SBI Report

41% Indians believe the economy will bounce back by January 2022

Japanese investments in India to create 3.61 lakh tech jobs by 2023: Nasscom

Chip shortage drags car sales 21% downhill in October

Microsoft Overtakes Apple As Most Valuable Company

Tata Motors today reported a consolidated net loss of Rs.4,441.6 crore for the quarter ended September as against a net loss of Rs.314.5 crore in the year-ago quarter

Housing Development Finance Corporation (HDFC) on Monday reported a 32 percent year-on-year (YoY) rise in net profit at Rs.3,780.5 crore

India Nikkei Markit Manufacturing Purchasing Managers Index (PMI) Data at 55.9 vs Expected 54.0

U.K. Manufacturing Purchasing Managers Index (PMI) Data at 57.8 vs Expected 57.7

U.S. Manufacturing Purchasing Managers Index (PMI) Data at 58.4 vs Expected 59.2

Today Results:

Bharti Airtel, Sun pharma

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 17500. Maximum call open interest was seen at 19000 followed by 18000

Put Writing seen at 18000 followed by 17500

Call Writing seen at 18000 followed by 19000

India VIX fell by 1.09% from 17.42 to 17.24 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 55.75% long in index future was increased compared to the previous day.

In Cash Market, FII's are net sellers 202.13 crores, and DII's are net buyers 116.01 crores.

Options data suggests a trading range between 17700 to 18200.

Global Markets:

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

Dow Jones industrial average was up by 94.28 points or 0.26% to 35913.84 

S&P 500 Index was up by 8.29 points or 0.18% to 4613.67

Nasdaq Composite was up by 97.53 points or 0.63% to 15595.92

European markets were positive at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 14.50 points higher to 18011.50  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

Eurozone Manufacturing Purchasing Managers Index (PMI) Data at 14.30 IST

India Trade balance Data after Indian market hours.