Indian shares rose by banks, realty, and metal stocks after reports showed a recovery because of a slow down in coronavirus cases.
BSE Sensex added 0.75% to 52880 and NSE added 0.71% closing at 15834.85. Nifty Realty index has risen 2.26% and the Nifty Auto Index jumped 1.11%
Nifty bank index gained 0.77% led by SBIN ( 1.94%) and Hdfc bank(1.02%.) HDFC Bank reported strong growth in loans and deposits. India service PMI Index at 41.2 in June 2020, falling from 46.4 in May 2021
India Vix falling fell 0.19 % from 12.09 to 12.06 indicates rangebound market, but every decline in VIX may get bought.
On open interest, Maximum call option open interest at 16000 levels followed by 16500 and Maximum put open interest at 15500, followed by 15000.
Call writing seen at 16200 and 16300, while put writing at 15800 and 15600. Participants open interest data of FII shows put selling in index is more than call selling.
FII's are 72% long in index future. In cash market, FII's are net sellers -338 crores and DII's are net buyers 645.59 crores
Options data suggests a Nifty trading range between 15600 - 16000.
Global Cues:
U.S. markets closed for the Monday, July 5 (July 4 holiday observed) holiday and futures pointing to a muted trading session at the open Tuesday. Crude oil surged above $76 per barrel.
European market ended in green on July 5.
Reserve Bank of Australia policy decision Tuesday
Asian markets are mixed. SGX Nifty indicates flat with a negative opening for Indian indices. SGX Nifty trading around 15820 levels 43 points lower than the previous day close.
