Asian Markets Update @7 am 🕖
SGX Nifty is trading higher by 49 points, signalling a positive start for the Nifty50 near the 17,800-mark. Major Asian markets are trading flat to positive. In Japan, the Nikkei rose 0.01%, while Hong Kong’s Hang Seng index climbed 0.2%.
Global Markets Update
US markets closed higher on Monday, led by gains in heavyweight tech stocks. The Dow Jones rose 0.4%, while the tech-heavy Nasdaq climbed 0.6%. The European markets ended higher in the range of +0.1% to +0.2%.
Index Action
Nifty50 @ 17,698 📈▲ 39 (+0.2%)
Nifty50 ended Friday's range-bound session with marginal gains. Among sectoral indices, gains in Oil & Gas (+2.2%) and Metal (+1.6%) pushed the index higher, while Pharma (-1.1%) and IT(-1.1%) dragged the index lower.
The Nifty50’s options contracts expiring on 25 August have sizable positions at 18,000 and 17,700 call options and 17,500 and 17,000 put options.
The Nifty50’s options contracts expiring on 18 August have sizable positions at 17,800 and 17,700 call options and 17,500 and 17,600 put options.
As per options data, the broad range for the Nifty50 is between 16,800 and 18,400 levels. Its immediate support is at 17,500 and resistance is at 17,850 levels.
Bank Nifty @39,042 📈▲ 162 (+0.4%)
Bank Nifty moved higher and closed Friday's session in the green. The index advanced 0.4% and reclaimed the 39,000-mark. Among stocks, ICICI Bank (+1.7%) and SBI (+1.1%) were the top gainers, while AU Small Finance Bank (-2.0%) and Bandhan Bank (-0.7%) were the top losers.
The Bank Nifty’s options contracts expiring on 25 August have sizable positions at 38,000 and 39,000 call options and 38,000 and 39,000 put options.
The Bank Nifty’s options contracts expiring on 18 August have sizable positions at 40,000 and 39,000 call options and 39,000 and 38,000 put options.
As per the options data, the broad range for the Bank Nifty is between 37,600 and 39,900 levels. Its immediate support is at 38,000 and resistance is at 39,400 levels.
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹3,040 crore, while DIIs were net sellers of ₹839 crore. In the derivatives market, FIIs bought index futures worth ₹921 crore and bought index options worth ₹3,423 crore. Further, they bought stock futures worth ₹119 crore and sold options worth ₹100 crore.
India VIX
The India VIX, a gauge of the market's volatility in the near term, slipped 4.0% to 17.61.
Stock Action📊
Long build-up was seen in Power Finance Corporation, India Cements, Tata Chemicals, Gujarat State Petronet and Muthoot Finance.
Short build-up was seen in Ipca Labs, Divi’s Labs, HDFC AMC, AU Small Finance Bank and Apollo Hospitals.
*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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