Asian Markets Update @ 8:00 am
The SGX Nifty was trading lower by 37 points at 8:00 am, indicating a negative start for the Nifty50 today. Major Asian markets were trading on a flat note. Nikkei 225 in Japan was trading lower by 0.1% while Hong Kong’s Hang Seng index was trading flat at 0.04%.
Global Markets Update
Amid reports of escalating geopolitical tensions from Russia, U.S. markets erased early gains but ended higher.
The Dow Jones rose 0.1% to 33,592, while the S&P 500 climbed 0.8% to close at 3,991. The tech-focused Nasdaq Composite jumped 1.4% and closed at 11,358. The European markets closed Monday’s session on a mixed note, in the range of -0.2% to +0.4%.
Index Action
Nifty50 @ 18,403 📈▲ 74 (+0.4%)
The Nifty50 reversed its early losses and settled above 18,400 on a day when its counterpart SENSEX closed at a record high. Among major sectoral indices, Oil & Gas (+0.7%) and Private Bank (+0.6%) were the top gainers while Media (-0.2%) and Realty (-0.1%) were the top losers.
Nifty50’s options contracts expiring on 24 November have sizable positions at 18,300 and 19,000 call options and 18,000 and 18,300 put options.
Nifty50’s options contracts expiring on 17 November have sizable positions at 18,500 and 18,700 call options and 18,000 and 18,300 put options.
As per options data and OI analysis, the broad range for the Nifty50 is between 17,900 and 18,800 levels. On the other hand, 18,000 and 18,600 are the critical levels to watch for next week.
Bank Nifty @ 42,372 📈▲ 295 (+0.7%)
The Bank Nifty zoomed past 42,400 during the day but saw mild profit-booking at higher levels. Among stocks, ICICI Bank (+1.8%) and SBI (+1.4%) advanced the most, while Bank of Baroda (-0.5%) and Kotak Mahindra Bank (-0.5%) declined the most.
Bank Nifty’s options contracts expiring on 24 November have sizable positions at 42,500 and 43,000 call options and 42,000 and 41,500 put options.
Bank Nifty’s options contracts expiring on 17 November have sizable positions at 42,500 and 43,000 call options and 42,000 and 42,200 put options.
As per options data and OI analysis, the broad range for the Bank Nifty is between 41,300 and 43,300 levels. On the other hand 41,800 and 42,700 are the critical levels to watch for next week.
FII and DII Data**💰
In the cash market, FIIs sold shares worth ₹221 crore, while DIIs sold shares worth ₹549 crore. In the derivatives market, FIIs bought index futures worth ₹109 crore and sold index options worth ₹2,010 crore. Further, they sold stock futures worth ₹1,242 and bought stock options worth ₹68 crore.
India VIX
The India VIX, which measures the implied volatility of Nifty50 options slipped 1.8% to 14.64.
Stock Action📊
Long build-up was seen in Delta Corp, IGL, GSPL, Cummins India and Apollo Tyres.
Short build-up was seen in Polycab, IRCTC, Bata India, GMR Infra and ICICI Prudential.
Under F&O Ban: BHEL, Delta Corp, GNFC, PNB and Sun TV
*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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