9th August Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 ended in a Negative on Friday ( 06/08/2021). BSE Sensex was down by 215 points at 54278 and Nifty down by 56 points at 16238.

IndusInd Bank, Adani ports were the top gainers.

Reserve bank of India maintaining the interest rate unchanged at 4% and RBI Increased the inflation rate from 5.1% to 5.7%

Profit booking has happened in the Banking sector after RBI Policy.

India's Forex Reserves increased by $9.42 billion to an all-time high of 620.57 billion.

The U.S. added nearly 1 million jobs in July, the unemployment rate down from 5.9% to 5.4%.

The recovery in employment is getting to a place where the Fed needs to seriously consider tapering its asset purchases to avoid an unnecessary overshoot on inflation

Hindalco Industries Results ( Q1):

Consolidated Net profit at Rs.2787 Crore in Q1FY22 as compared to a loss of ₹709 crores in Q1FY21.

Net Profit at Rs.910 Crore, sales surge 79%.

Results:

Today Results: Shree Cements

Open interest:

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

Maximum call open interest was seen at 16500 followed by 15800

Put Writing seen at 16000 followed by 16300

Call Writing seen at 16600

India VIX fell 2.06% from 12.87 to 12.60 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 66.30 % long in index future was decreased. 

In Cash Market, FII's are net sellers 69.37 crores, and DII's are net sellers 631 are crores.

Options data suggests a trading range between 16000 to 16400.

Global Markets:

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

Dow Jones industrial average up by 144.26 points or 0.41% at 35208.51

S&P 500 Index up by 7.42 points or 0.17% at 4436.52

Nasdaq Composite down by 59.36 points or 0.40% at 14835.76

European markets were ended in Green.

Asian Markets are Trading Mixed right now IST 07.30

SGX Nifty trading 37 points Lower at 15231 IST 07.30

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

Keep an eye on these Economic Data:

U.S JOLTs Job Openings data after Indian market hours