5th October 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 was up by 533.74 points to 59299.32 and Nifty was up by 159.20 points to 17691.25

Divislab, Hindalco, NTPC were the top gainers.

SBI to raise Rs 6,000 cr in capital through additional tier-I bonds

Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy India for $3.5 billion, the company stated on Monday. It is the largest solar power developer in the world which made SB Energy Holdings Ltd (SB Energy India) it's subsidiary with this deal.

Coal India, the state-owned miner, registered a marginal rise in coal production to 40.7 million tonnes in September

Energy demand growth outlook for 2021-22 is revised upwards from 8 percent to 8.5 percent by ICRA

India's gold imports surge nearly 8 times in September as prices drop

OPEC and its allies are likely to stick to their existing agreement to add 400,000 barrels per day (bpd) of oil to the market in November, three OPEC+ sources said on Monday

Consumption recovery to improve from early 2022: Morgan Stanley

Housing sales rose 92% from a year ago to 64,010 units across these markets during the quarter,

China Evergrande's shares were suspended from trading

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 17600 followed by 17000

Call Writing seen at 17700 followed by 18000

India VIX fell 2.76 percent from 17.21 to 16.73 level.

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 call selling in the index is more than put selling. FII's were 56.06 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net buyers 860.50 crores, and DII's are net buyers 228.06 crores.

Options data suggests a trading range between 17400 to 17900.

Global Markets:

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

Dow Jones industrial average was down by 323.54 points or 0.94% to 34002.92 

S&P 500 Index was down by 56.58 points or 1.30% to 4300.46 

Nasdaq Composite was down by 311.21 points or 2.14% to 14255.48 

European markets were Negative at the end of the day

Asian markets are trading mixed right now 07.30 IST

SGX Nifty trading 138 points lower to 17572.50 07.30 IST

SGX Nifty indicates a negative 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 14.00 IST

ECB President Lagarde Speaks after Indian Market hours