4th October 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 360.78 points to 58765.58 and Nifty was down by 86.10 points to 17532.05

CoalIndia, IOC, Ultracement were the top gainers

India’s core sector output, which accelerated by 11.6% in August from 9.9% in July

Chip shortage causes month-on-month fall in auto sales of top players

Markets could witness action in IT stocks ahead of upcoming results while auto could show recovery from these levels as the festive season kicks in.

Global and domestic inflation risk from a sharp increase in global energy prices, rising US bond yield, and concerns over the Evergrande issue are near-term challenges for the global and Indian equity markets.

Exports Rise 21% To $33.4 Billion In September, Trade Deficit At $22.9 Billion

U.K. Manufacturing Purchasing Managers Index (PMI) Data at 57.1 vs Expected 56.3

Eurozone Consumer Price Index (CPI) YoY Data at 3.4% vs Expected 3.3%

India's Forex reserves down by $997 million to $638.646 billion

Open Interest:

On open interest, Maximum put open interest was seen at 17000 followed by 17500. Maximum call open interest was seen at 18000 followed by 18500

Put Writing seen at 17000 followed by 17500

Call Writing seen at 17500 followed by 18000

India VIX was down by 6.47 % from 18.40 to 17.21 on a day.

Vix has to cool down below 15-14 levels to ensure a smooth ride for the market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 58.10 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net buyers 131.39 crores, and DII's are net sellers 613.08 crores.

Options data suggests a trading range between 17400 to 18000.

Global Markets:

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

Dow Jones industrial average was up by 482.54 points or 1.43% to 34326.46

S&P 500 Index was by 49.50 points or 1.15% to 4357.04 

Nasdaq Composite was up by 118.12 points or 0.82% to 14566.70 

European markets were Negative at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 40.50 points higher to 17570.50  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

India Trade Balance data after Indian Market hours