Asian Markets Update @7 am 🕖
SGX Nifty is trading higher by 17 points, signalling a positive start for the Nifty50 today. Major Asian markets are also trading higher. In Japan, the Nikkei advanced 0.8%, while Hong Kong’s Hang Seng index climbed 0.4%.
Global Markets Update
The US markets closed Tuesday's session on a mixed note. The Dow Jones rose 0.7% after Walmart and Home Depot posted stronger than expected results, while the tech-focused Nasdaq slipped 0.1%. The European markets ended higher in the range of +0.3% to +0.6%.
Index Action
Nifty50 @ 17,825 📈▲ 127 (+0.7%)
Nifty50 closed Tuesday's session on a positive note, marking a winning streak of six consecutive days. Among major sectoral indices, Auto (+2.5%) and Realty (+1.9%) gained the most, while PSU Bank (-0.3%) and Media (-0.3%) were the laggards.
The Nifty50’s options contracts expiring on 25 August have sizable positions at 18,000 and 17,800 call options and 17,500 and 17,600 put options.
The Nifty50’s options contracts expiring on 18 August have sizable positions at 17,800 and 18,000 call options and 17,700 and 17,500 put options.
As per options data, the broad range for the Nifty50 is between 16,800 and 18,500 levels. Its immediate support is at 17,600 and resistance is at 17,900 levels.
Bank Nifty @39,239 📈▲ 197 (+0.5%)
Bank Nifty closed in the green for the sixth day in a row and moved towards the 39,500-mark. Among stocks, Bandhan Bank (+3.3%) and AU Small Finance Bank (+1.3%) were the top gainers, while Bank of Baroda (-1.3%) and SBI (-0.9%) were the top losers.
The Bank Nifty’s options contracts expiring on 25 August have sizable positions at 38,000 and 40,000 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 39,500 call options and 39,000 and 38,000 put options.
As per the options data, the broad range for the Bank Nifty is between 37,800 and 39,900 levels. Its immediate support is at 38,700 and resistance is at 39,500 levels.
FII/DII Activity**
In the cash market, FIIs were net buyers of ₹1,376 crore, while DIIs were net sellers of ₹136 crore. In the derivatives market, FIIs bought index futures worth ₹225 crore and sold index options worth ₹643 crore. Further, they bought stock futures worth ₹1,314 crore and bought options worth ₹156 crore.
India VIX
The India VIX, a gauge of the market's volatility in the near term, climbed 0.4% to 17.68.
Stock Action📊
Long build-up was seen in Ambuja Cements, Godrej Consumer Products, Apollo Tyres, Nippon Life and Can Fin Homes.
Short build-up was seen in Muthoot Finance, Metropolis, PVR, Zee Entertainment and Manappuram Finance.
Stocks under F&O ban: Balrampur Chini, Delta Corp and Tata Chemicals.
*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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