8th September Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed Flat at the end of the day. BSE Sensex was down by 17.43 points to 58279.48 and Nifty was down by 15.70 points to 17362.10

Bharti Airtel, HDFC, Grasim were the top gainers

Markets are expected to remain range-bound in the coming session

LIC Housing Finance partners India Post Payments Bank to offer home loan products

JSW Steel output grows nearly 5% to 13.77 LT in August

L&T Construction bags order for water effluent treatment business. Industrial stocks to benefit from increasing exports. L&T, Adani Ports shares among top picks

Tata Communications, Telekom Malaysia collaborate for IP transit services

Centre may slash PLI outlay for the auto sector

Passenger vehicle retail sales increase 39% in August

Eurozone Gross Domestic Product (GDP) QoQ 2.2 vs Expected 2.0

Open interest:

On open interest, Maximum put open interest was seen at 17000 followed by 16500. Maximum call open interest was seen at 17500 followed by 17400

Put Writing seen at 17400 followed by 17000.

Call Writing seen at 17400 followed by 18000.

India VIX was up by 1.39% from 15.10 to 14.90 on a day. 

India VIX needs to hold below 13 level to continue the bullish momentum.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 68.21 % long in index future was increased compared to the previous day.

In Cash Market, FII's are net sellers 145.45 crores, and DII's are net sellers 136.57 crores.

Options data suggests a trading range between 17100 to 17500.

Global Markets:

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

Dow Jones industrial average was down by 269.09 points or 0.76% at 35100. 

S&P 500 Index was down by 15.40 points or 0.34% at 4520.03 

Nasdaq Composite was up by 10.81 points or 0.070% at 15374.33 

European markets were ended Negative at the end of the day

Asian markets are trading Mixed right now 07.30 IST

SGX Nifty trading 55.50 points higher at  17434.50  07.30 IST

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

Keep an eye on these Economic Data:

U.S. JOLTs Job Openings Data after Indian market hours.