3rd 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 776.50 points to 58461.29 and Nifty was up by 234.75 points to 17401.65

Adani Ports, PowerGrid, HDFC Were the top gainers.

For Nifty immediate support seen at 17150 and immediate resistance seen at 17536

NSE Indices launches new Nifty BHARAT Bond Index

Country's largest lender SBI has joined hands with Adani Capital as a co-lending partner to provide loans to farmers in the country.

Hindustan Unilever Limited said it has eliminated coal usage across its operations replacing it with green alternatives such as biomass and biodiesel.

Ola plans IPO in first half of 2022, readies 'super app'

L&T and ReNew announce partnership to focus on the Green Hydrogen business in IndiaRoad logistics market in India to reach USD 330 bn by 2025

Sebi asks stock brokers to disclose investors charter, compliant data on websites

The rupee on Thursday slipped 12 paise to close at 75.03 against the US dollar, weighed by uncertainties over the Omicron variant of the coronavirus

.Eurozone Producer Price Index (PPI) YoY at 21.9% vs Expected 19%

Eurozone Unemployment Rate Data at 7.3 vs Expected 7.3

U.S. Initial Jobless Claims Data at 222k vs Expected 240k

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 17500

Put Writing seen at 17300 followed by 17000

Call Writing seen at 18000 followed by 17400

India VIX fell by 6.99% from 19.45 to 18.09 level.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 73.42% long in index future was Equal compared to the previous day.

In Cash Market, FII's are net sellers 909.71 crores, and DII's are net buyers 1372.65 crores.

Options data suggests a trading range between 17000 to 17500

Global Markets:

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

Dow Jones industrial average was up by 617.75 points or 1.82% to 34639.79

S&P 500 Index was up by 64.06 points or 1.42% to 4577.10

Nasdaq Composite was up by 127.27 points or 0.83% to 15381.32

European markets were negative at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 61 points lower to 17384.50  07.30 IST

SGX Nifty indicates a flat opening for Indian markets.

Keep an eye on these Economic Data:

India Nikkei Services Purchasing Managers Index (PMI) Data at 10.30 IST

ECB President Lagarde Speaks at 14.00 IST

Eurozone Services Purchasing Managers Index (PMI) Data at 14.30

U.K. Services Purchasing Managers Index (PMI) Data at 15.00 IST

India Bank Loan Growth and Deposit Growth Data after Indian market hours

India Trade Balance Data after Indian market hours

U.S. Unemployment Rate Data after Indian market hours