30th 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 254.33 points to 59413.27 and Nifty was down by 37.30 points to 17711.30

NTPC, Coal India, PowerGrid Were the top gainers.

The market is expected to remain volatile on Thursday given the monthly F&O expiry.

The market is facing downward pressure given the negative global cues

Finance Ministry officials and representatives of rating agency Moody's on Tuesday discussed economic growth prospects, during which India pitched for an upgrade in its sovereign rating outlook

HDFC Bank says, have issued over 4 lakh credit cards since the embargo was lifted. Will launch new products in the credit card segment

Britannia ties up with Accenture for digital operations

Blue Star to invest Rs 550 cr on a new manufacturing plant in AP. 

NTPC gets shareholders' nod to raise up to Rs 18,000 crore via bonds

Aditya Birla Sun Life AMC IPO subscribed 53% in 70 minutes of bidding

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 17600. Maximum call open interest was seen at 18000 followed by 17900

Put Writing seen at 17600 followed by 17650

Call Writing seen at 18000 followed by 17800

India VIX was up by 1.63 % from 18.54 to 18.84 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 49.13 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 1446.02 crores, and DII's are net buyers 3262.16 crores.

Options data suggests a trading range between 17600 to 17800.

Global Markets:

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

Dow Jones industrial average was up by 90.73 points or 0.26% to 34390.72 

S&P 500 Index was up by 6.83 points or 0.16% to 4359.46 

Nasdaq Composite was down by 34.24 points or 0.24% to 14512.44 

European markets were positive at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 63.50 points lower to 17641.50   07.30 IST

SGX Nifty indicates a Negative opening for Indian markets.

Keep an eye on these Economic Data:

U.K. Gross Domestic Product (GDP) (Q2) data at 11.30 IST

U.S. Gross Domestic Product (GDP) (Q2) data after Indian market hours

U.S Initial jobless claims data after Indian market hours