3rd November 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 109.40 points to 60029.06 and Nifty was down by 40.70 points to 17888.95

Maruti, NTPC, Titan were the top gainers.

Rakesh Jhunjhunwala says, don't see Nifty below 16,500 and he is extremely bullish on PSU banks.

Participants are maintaining a cautious stance ahead of the US Fed meet.

RBI Governor Shaktikanta Das met MD & CEOs of Public Sector Banks & certain Private Sector Banks advised the banks to remain vigilant to any emerging signs of vulnerabilities & take timely remedial measures to mitigate the risks & maintain the stability of not only the institutions themselves but also of the overall financial system.

The Competition Commission of India has approved acquisition by HDFC Life Insurance Company (Acquirer) of 100% shareholding in Exide Life Insurance Company Limited.

FPIs may go slow on inflows but India to stay preferred Emerging market.

Tata Motors can make a fast u-turn on JLR orders

As per the preliminary data released by the Ministry of Commerce and Industry, the trade deficit, which is the gap between imports and exports, works out to be $78.81 billion during the April-September period

Airtel Q2 net profit jumps to Rs 1,134 crore, revenue up 5.5% QoQ

Sun Pharma Q2 results: Consolidated PAT rises 13% YoY

Eurozone Manufacturing Purchasing Managers Index (PMI) Data at 58.3 vs Expected 58.5

Today Results:

State Bank of India, Eicher Motors

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 17900 followed by 17000

Call Writing seen at 17900 followed by 18000

India VIX fell by 1.00% from 17.24 to 17.06 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 50.57% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net buyers 244.87 crores, and DII's are net sellers 6 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 138.79 points or 0.39% to 36052.63 

S&P 500 Index was up by 16.98 points or 0.37% to 4630.65

Nasdaq Composite was up by 53.69 points or 0.34% to 15649.60

European markets were mixed at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 36.50 points higher to 17957.50  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

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

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

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

European Central Bank (ECB) President Christine Lagarde speaks after Indian Market hours

U.S. ADP Nonfarm Employment Change Data after Indian market hours

U.S. Trade Balance Data after Indian market hours

U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) Data after Indian Market hours

U.S Fed Interest Rate Decision after Indian market hours