6th 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 123.07 points at 54492.84 and Nifty up by 35.80 points at 16294.60

Bharti Airtel, Eicher Motors, ITC were the top Gainers.

Vodafone's idea shares fell after the Resignation of kumar Mangalam Birla as head of the company. The company owes Rs.28700 crore to several state-owned and public sector banks. IDFC First bank, yes bank, SBIN, IndusInd Bank will get hurt most.

Global investors feel, Indian Market is expensive right now and it is tough to deploy more money in the Indian market

Monetary policy committee ( MPC) of RBI Review policy tomorrow and RBI is likely to maintain the status quo. Last time RBI Governer had left the interest rate unchanged.

Bank of England predicted U.K inflation will hit 4% this Year

Bank of England's monetary policy committee (MPC) holding interest rates unchanged at 0.1%.

U.S Initial jobless claims at 385k vs Expected 400k.

Results:

Today Results: Hindalco Industries

Open interest:

On open interest, Maximum put open interest was seen at 15000 followed by 15800. Maximum call open interest was seen at 16500 followed by 16000

Put Writing seen at 16000 followed by 16300

Call Writing seen at 16700 followed by 16550

India VIX fell 2.55% from 13.21 to 12.87 on a day. Fall in VIX Shows more buying interests in the market.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 68.81 % long in index future was decreased. 

In Cash Market, FII's are net sellers 719.88 crores, and DII's are net buyers 731.92 are crores.

Options data suggests a trading range between 16000 to 16500.

Global Markets:

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

Dow Jones industrial average up by 271.58 points or 0.78% at 35064.25

S&P 500 Index up by 26.44 points or 0.60% at 4429.10

Nasdaq Composite up by 114.58 points or 0.78% at 14895.12

European markets were ended in Green.

Asian Markets are Mixed right now IST 07.30

SGX Nifty trading 20 points Higher at IST 07.30

SGX Nifty indicates a Flat to Positive opening for Indian markets.

Keep an eye on these Economic Data:

India Interest Rate Decision at 10 am IST

U.S Unemployment Rate data after Indian market hours