Daily Market Report:
The Domestic market indices BSE Sensex and NSE Nifty 50 ended in the red. At closing Sensex down by
485 points at 52568.90 and Nifty down by 151 points at 15727.90. Nifty, Sensex register the biggest single-day drop in nearly two months.Banking shares fell after the Reserve bank of India (RBI) fined 14 banks including SBI for contravention of various regulatory norms.
Global markets were in the red yesterday and Asian markets fell after China regulator fined internet platforms including DIDI.
Tech Mahindra was the top performer rises by 1.32%.
CDSL Become the first depository to open 4 crore Demat accounts.
On IPO Clean science technology was subscribed two times on the second day. Out of the total 1,23,02,672 shares on offer, investors bid for 2,58,02,624 shares.
GR Infraprojects IPO Was subscribed three times on the second day as most applications came from retail investors.
TCS Result:
TCS Reported June quarter results as rs. 9008 crore profit against expectations 9352 crore which were slightly slower. Revenue for the quarter at Rs. 45411 crore against rs. 45777 crore.
Net income for the quarter-on-quarter down by 2.6% at Rs. 9008 crore, but up 28.5% year on year
The company said growth led by cybersecurity, enterprise application services, cloud platform services, and analytics and insights
Open interest:
On open interest, maximum put open interest seen at 15500 followed by 15000 Maximum call open interest was seen at 16000 followed by 15800
Put writing seen at 15300 followed by 15200,
call writing seen at 15800 followed by 15900
India Vix rose by 11.3% at 13.56.
Participant wise open interest data of FII shows put selling in the index is more than call selling.
FII's are 56% long in index future is reduced compared to yesterday's 72%.. In cash, FII's are net sellers - 554.92 crores, and DII's also net sellers - 949.18 crores.
Options data suggests a trading range between 15500 - 15800
Global Markets:
Dow Jones industrial average fell 0.75% at 34421.93
NASDAQ composite fell 0.72 % at 14559.78
S&P 500 Index Declined 0.86% at 4320.82
European markets ended in the red.
Most of the Asian markets are trading in red now.
SGX Nifty trading at 15632 at 77 points lower at 7.50 IST.
SGX Nifty indicates a negative opening for Indian markets.
Keep an eye on these economic data:
UK Manufacturing production data
UK Monthly GDP Data
European central bank ( ECB) President speaks
