6th September Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 closed at Record-high on Friday. BSE Sensex was up by 277 points to 58130 and Nifty was up by 89.45 points to 17323.60

Reliance, ONGC, Coal India were the top gainers.

Mukesh Ambani-backed Reliance tops Rs.15 lakh crore m-cap milestone

Reliance aims at 100 GW renewable energy by 2030, bring hydrogen cost under $1

Shares of Exide Industries surged 15 percent on Friday after HDFC Life Insurance announced that it will acquire Exide Life Insurance for Rs.6,687 crore.

Indian services activity rebounds at the fastest pace in 18 months in August amid rising business orders

Automobile demand recovery has been weaker than expected post the lifting of second lockdown in June 2021Domestically.

Economic data such as manufacturing output and industrial production could drive investor sentiment this week

India Services Purchasing Managers Index (PMI) Data at 56.7 vs Expected 48.5

U.K. Services Purchasing Managers Index (PMI) Data at 55 vs Expected 55.55

India's forex reserves surge $16.663 bn to record high of $633.558 bn

U.S. Unemployment Rate Data at 5.2 vs Expected 5.2

Open interest:

On open interest, Maximum put open interest was seen at 16500 followed by 17000. Maximum call open interest was seen at 17500 followed by 17000

Put Writing seen at 17300 followed by 17400.

Call Writing seen at 17300 followed by 17800.

India VIX was up by 2.12 % from 14.24 to 14.54 on a day. 

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 64.85 % long in index future was decreased compared to the previous day.

In Cash Market, FII's are net buyers 768.58 crores, and DII's are net buyers 668.60 crores.

Options data suggests a trading range between 17000 to 17500.

Global Markets:

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

Dow Jones industrial average was down by 74.73 points or 0.21% at 35369.09 

S&P 500 Index was down by 1.52 points or 0.034% at 4535.43 

Nasdaq Composite was up by 32.34 points or 0.21% at 15363.52 

European markets were Negative at the end of the day

Asian markets are trading Positive right now 07.30 IST

SGX Nifty trading 47 points higher at 17406  07.30 IST

SGX Nifty indicates a positive opening for Indian markets.

Keep an eye on these Economic Data:

U.K. Construction Purchasing Managers Index (PMI) data at 14.00 IST