9th 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 29.22 points to 58250.26 and Nifty was down by 8.60 points to 17353.50

Kotak Bank, Power Grid, Grasim were the top gainers

Reliance Retail contributes 26% of Future Consumer's FY21 sales; becomes a 2nd-largest customer

Goldman Sachs, JPMorgan, ICICI Securities, DSP Merrill Lynch, and JM Financial are among the banks hired to manage India’s biggest initial share sale LIC IPO, according to the information released by the Disinvestment Ministry on Wednesday.

Oyo In Talks With Banks For Managing IPO

India's fintech market to triple to Rs 6.2 lakh cr by 2025

HSBC estimates that half of all foreign direct investment flows into India are now digital, up from 20% a decade ago.

Cabinet approves ₹10,683 crore PLI scheme for the textiles sector

The U.S Federal Reserve says stimulus tapering should begin this year

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 17000 followed by 16900.

Call Writing seen at 17800 followed by 17350.

India VIX was down by 3.26% from 14.89 to 14.41 on a day. India VIX needs to hold below 13 level to continue the bullish momentum.

Participant wise open interest data of FII Shows put selling in the index is more than call selling. FII's were 68.19 % long in index future was Equal compared to the previous day.

In Cash Market, FII's are net sellers 802.51 crores, and DII's are net buyers 0.60 crores.

Options data suggests a trading range between 17200 to 17500.

Global Markets:

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

Dow Jones industrial average was down by 68.93 points or 0.20% at 35031.07 

S&P 500 Index was down by 5.96 points or 0.13% at 4514.07 

Nasdaq Composite was down by 87.69 points or 0.57% at 15286.64 

European markets were ended Negative at the end of the day

Asian markets are trading Negative right now 07.30 IST

SGX Nifty trading 58 points Lower at 17324.50   07.30 IST

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

Keep an eye on these Economic Data:

European Central Bank Monetary Policy Statement and Interest rate decision after Indian market hours.

U.S. Initial Jobless Claims Data after Indian market hours