4th March 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 366.22 points (0.66%) to 55102.68 and Nifty was down by 107.90 points (0.65%) to 16498.05

ONGC, UPL, PowerGrid were the top gainers

Nifty support seen at 16400 followed by 16200 and resistance seen at 16700. 

Below 16400 Nifty will continue further weakness.

Life Insurance Corporation of India has appointed Sunil Agrawal as the chief financial officer ahead of IPO

Aditya Khaitan & Amritanshu Khaitan resign from the board of Eveready Industries

Vodafone Idea approves raising up to Rs.10,000 cr via shares, bonds

SBI stops transactions related to Russian entities under sanctions

FPI holdings in domestic equities down 2% to $654 bn in Oct-Dec

Brent crude oil price surges to a nine-year high of $118 a barrel

8 US stocks started trading on NSE IFSC in GIFT City from yesterday

U.S. Initial Jobless Claims Data at 215k vs 226k

Open Interest:

On open interest, Maximum put open interest was seen at 16500 followed by 16000. Maximum call open interest was seen at 18000 followed by 17000

Put Writing seen at 16600 followed by 16000

Call Writing seen at 18000 followed by 16500

India VIX down by 3.69% from 29.23 to 28.16 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 45% long in index future was decreased compared to the previous day.

In Cash Market, FII's are net sellers 6644.65 crores, and DII's are net buyers 4799.24 crores.

Options data suggests a trading range between 16000 to 17000

Global Markets:

U.S Markets were closed negative at the end of the day

Dow Jones industrial average was down by 96.69 points (0.29%) to 33794.66

S&P 500 Index was down by 23.05 points (0.53%) to 4363.49

Nasdaq Composite was down by 214.08 points (1.56%) to 13537.94

European markets were negative at the end of the day

Most of the Asian markets are negative right now 07.30 IST

SGX Nifty trading 233 points lower to 16278  07.30 IST

SGX Nifty indicates a negative start for Indian markets.

Keep an eye on these Economic Data:

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

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

India FX Reserves (USD) Data after Indian market hours

U.S. Unemployment Rate Data after Indian market hours

U.S. Nonfarm Payrolls Data after Indian market hours