2nd September Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 closed Negative at the end of the day. BSE Sensex was down by 214.18 points to 57338.21 and Nifty was down by 55.95 points to 17076.25

Asian Paints, Tata Motors, SBI Life were the top gainers.

Markets may see some consolidation before moving up further high.

BHEL bags Rs.10,800 cr order from NPCIL.

Maruti Suzuki is likely to slash its production plans for September due to the global shortage of semiconductors

India's Manufacturing PMI Manufacturing Data at 52.3 vs Expected 55.0

U.K Manufacturing PMI Manufacturing Data at 60.3 vs Expected 60.1

Open interest:

On open interest, Maximum put open interest was seen at 16500 followed by 17000. Maximum call open interest was seen at 17000 followed by 17500

Put Writing seen at 17000 followed by 16900

Call Writing seen at 17500 followed by 17200.

India VIX down by 2.31 % from 14.52 to 14.18 on a day. 

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 63.74 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net buyers 666.66 crores, and DII's are net sellers 1287.87 crores.

Options data suggests a trading range between 16900 to 17300.

Global Markets:

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

Dow Jones industrial average was down by 48.20 points or 0.14% at 35312.53 

S&P 500 Index was up by 1.41 points or 0.031% at 4524.09 

Nasdaq Composite was up by 50.15 points or 0.33% at 15309.38

European markets were Mixed at the end of the day

Asian markets are trading Mixed right now 07.30 IST

SGX Nifty trading 15 points higher at 17114  07.30 IST

SGX Nifty indicates a Flat opening for Indian markets.

Keep an eye on these Economic Data:

U.S Initial Jobless claims data after Indian Market hours