BSE Sensex was down 18 points at 52861.18, NSE Nifty fell 16.10 points at 15818.30. The Equity indices end the two-day winning streak, at the morning BSE was at 53129 and nifty almost at a record high and it failed to break.
Moreover, the GST Collection of June 2021 was below 1 lakh crore for the first in eight months leads to a market fall by investor sentiment. High crude oil price puts pressure on the economy
The top lagging stock is Tata motors 8.5% after the results came negative for its UK subsidiary Jaguar Land Rover (JLR).
India Vix Raises 0.20% from 12.07 to 12.27, but still, the fear gauge is low indicates the rangebound market, but every decline in VIX may get bought.
On open interest: -
Maximum call option open interest at 16000, followed by 16500.
Maximum put option open interest at 15500, followed by 15000.
Minor Call writing has seen 16200 and put writing seen at 15500, followed by 15600.
Participants open interest data of FII shows put selling in the index is more than call selling. FII's are 72% long in index future. In the cash market, FII's are net sellers -543 crores and DII's are net buyers 521 crores
Options data suggests a trading range between 15600 - 16000.
Global cues: -
Dow Jones fell by 0.60% at 34577.37 and Nasdaq composite up by 0.17% at 14663.
European markets ended in the red.
Most Asian markets are trading in the red.
Sgx nifty trading at 15780 trading at 60 points lower.
SGX Nifty indicates a flat to Negative start for the Indian market.
Economic news : -
The US Jolts job openings data
