4th August Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended in a Record High Yesterday. BSE Sensex was up by 872 points to 53823 and Nifty up by 245 points to 16130.

The Nifty index trading between a wider range of 15450 - 15915 was Breached and closed above 16100

Titan Company, HDFC was the top Gainers.

Domestic Institutions and Retail investors drive the market

Positive Data's about Export data, GST Collection, and Manufacturing PMI Data also helped nifty to close above 16000 for the first time.

U.S Federal Reserve Governor said he would be back a tapering announcement if unemployment shows continuous gains in the next two months.

Bharti Results ( Q1):

Consolidated net profit rises 63% QoQ to Rs.284 Crore 

Sales rise 4%

Adani Ports ( Q1):

Consolidated profit after tax rises 72% YoY to Rs.1307 Crore

Results:

Today Results: SBIN, Titan Company

Open interest:

On open interest, Maximum put open interest was seen at 15000 followed by 15800Maximum call open interest was seen at 16000 followed by 15800

Put Writing seen at 16000 followed by 15900

Call Writing seen at 16400 followed by 16500

India VIX surged over 7 % from 12.80 to 13.75 on a day

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 69.31 % long in index future was Increased compared to Yesterday's 60.77%.

In Cash Market, FII's are net Buyers 2116.60 crores, and DII's are net Sellers are -298.54 crores.

Options data suggests a trading range between 15800 to 16400.

Global Markets:

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

Dow Jones industrial average up by 278 points or 0.80% at 35116.40

S&P 500 Index up by 35.99 points or 0.82% at 4423.15

Nasdaq Composite up by 80.23 points or 0.55% at 14761.30

European markets were ended in Green.

Most of the Asian Markets are Trading Positive right now IST 07.30

SGX Nifty trading 48 points Higher at IST 07.30

SGX Nifty indicates a Positive opening for Indian markets.

Keep an eye on these Economic Data:

U.K. Composite Purchasing Managers' Index (PMI) data at 14.00 IST

U.K. Services Purchasing Managers Index (PMI) data at 14.00 IST