9th November Market Report

Daily Market Report:

The Indian Equity benchmark indices BSE Sensex and Nifty 50 were closed positive at the end of the day. BSE Sensex was up by 477.99 points to 60545.61 and Nifty was up by 151.75 points to 18068.55

IOC, Titan, Bajajfinserv were the top gainers.

Because of Tax problem with Indian government FII's are selling continuously. Be cautious

As the festive season is behind us, focus will shift back to earnings announcements. Besides, domestic macro data outcome (IIP & CPI) and global cues will be closely tracked.

NSE said that the T+1 settlement cycle will be implemented in a phased manner and the first list of securities with T+1 settlement cycle will begin from the trade date starting from February 25, 2022.

SBI Card to raise Rs.2,000 cr by issuing bonds

India ahead of China in financial inclusion metrics now: SBI report

L&T Construction awarded significant contracts for its various businesses

SpiceJet introduces book now, pay later EMI scheme

As the Fed starts tapering, some of the liquidity is going to get pulled out of the markets and it will definitely have some impact.

Today Results:

Power Grid Corporation of India

Open Interest:

On open interest, Maximum put open interest was seen at 17500 followed by 17000. Maximum call open interest was seen at 19000 followed by 18000

Put Writing seen at 17900 followed by 18000

Call Writing seen at 17900 followed by 18000

India VIX up by 3.76% from 15.75 to 16.34 level.

Participant wise open interest data of FII Shows call selling in the index is more than put selling. FII's were 60.18% long in index future was increased compared to the previous day.

In Cash Market, FII's are net sellers 860.65 crores, and DII's are net buyers 1911.77 crores.

Options data suggests a trading range between 17900 to 18300.

Global Markets:

U.S Markets were closed positive at the end of the Day 

Dow Jones industrial average was up by 104.27 points or 0.29% to 36432.22 

S&P 500 Index was up by 4.17 points or 0.089% to 4701.70

Nasdaq Composite was up by 10.77 points or 0.067% to 15982.36

European markets were mixed at the end of the day

Asian markets are mixed right now 07.30 IST

SGX Nifty trading 12.50 points lower to 18125 07.30 IST

SGX Nifty indicates a flat opening for Indian markets.

Keep an eye on these Economic Data:

ECB President Lagarde Speaks after Indian market hours

U.S. Producer Price Index (PPI) MoM after Indian market hours

U.S. Fed Chair Powell Speaks after Indian market hours