Asian Markets Update @ 8 am 🕗
SGX NIFTY was trading lower by 1 point at 8 am, signalling a flat start for the NIFTY 50 today. In Japan, the Nikkei 225 rose 1.0%, while Hong Kong's Hang Seng index was closed on account of a public holiday.
Global Markets Update
U.S markets closed higher on Friday, recording their first weekly gains in the past four weeks. The Dow Jones Jumped 1.1%, while the tech-heavy Nasdaq climbed 2.1%. European markets closed higher in the range of 1.2% to 1.4%.
Index Action
NIFTY 50 @ 17,833 📈 ▲ 34 (+0.1%)
After a gap-up opening, NIFTY 50 faced selling pressure at higher levels and ended the Friday’s session with marginal gains. Among sectoral indices, IT (+2.2%) and Auto (+0.5%) registered maximum gains, while Realty (-0.4%) and Media (-0.2%) were the top losers.
NIFTY 50’s options contracts expiring on 29 September have sizable positions at 18,000 and 18,500 call options and 16,000 and 16,500 put options.
NIFTY 50’s options contracts expiring on 15 September have sizable positions at 18,000 and 17,900 call options and 17,500 and 17,700 put options.
As per options data, the broad range for the NIFTY 50 is between 17,000 and 18,600 levels. Its immediate support is at 17,600 and resistance is at 18,000 levels.
BANK NIFTY @ 40,415 📈▲ 206 (+0.5%)
BANK NIFTY opened higher and climbed the 40,600 mark. However, the selling pressure in the second half dragged the index down. It closed Friday's session 0.5% higher.
Among stocks, IndusInd Bank (+2.6%) and Punjab National Bank (+1.6%) were the top gainers, while IDFC First Bank (-1.2%) and Bank of Baroda (-0.2%) were the top losers.
BANK NIFTY’s options contracts expiring on 29 September are scattered and have sizable positions at 42,000 and 41,000 call options and 38,000 and 39,500 put options.
BANK NIFTY’s options contracts expiring on 15 September have sizable positions at 40,500 and 41,000 call options and 39,500 and 39,000 put options.
As per the options data, the broad range for the BANK NIFTY is between 38,800 and 41,400 levels. Its immediate support is at 39,900 and resistance is at 40,800 levels.
FII and DII Data**
In the cash market, FIIs bought shares worth ₹2,132 crore, while DIIs sold shares worth ₹1,167 crore. In the derivatives market, FIIs sold index futures worth ₹125 crore and bought index options worth ₹8,905 crore. Further, they sold stock futures worth ₹245 crore and sold stock options worth ₹237 crore.
India VIX
The India VIX, a gauge of the market's volatility in the near term, slipped 3.2% to 17.71.
Stock Action📊
Long build-up was seen in Gujarat State Petronet, Astral, Gujarat Gas, L&T Technology Services and RBL Bank.
Short build-up was seen in PVR, Voltas, Mahindra & Mahindra, Rain Industries and JK Cement.
Under F&O Ban: Ambuja Cements and Delta Corp.
*In Futures and Options or F&O, long build-up means an increase in Open Interest (OI) along with an increase in price, and short build-up means an increase in Open Interest (OI) along with a decrease in price.
**Source: nseindia.com. Cash market figures are provisional.
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