Asian Markets Update 7 am
The SGX Nifty was trading flat, up by 2 points. Major Asian markets were trading higher. The Japan’s Nikkei rose 0.4% and Hong Kong’s Hang Seng index gained 0.2%.
Global Markets Update
The U.S. markets had a mixed closing, clawing back some of their losses after a sharp sell-off on Tuesday. The Dow Jones rose 0.1%, and the Nasdaq closed flat, down by 0.01%. European markets closed the session higher in the range of +0.2% to +0.5%.
Stock Action
Long build-up was seen in AB Capital, Apollo Tyres, Balkrishna Industries, Oberoi Realty and Tata Steel.
Short build-up was seen in Bajaj Finance, Syngene International, IEX, Aarti Industries and SBI Life.
Major companies announcing results today are Ambuja Cements, Axis Bank, Bajaj Finserv, Biocon, Mphasis, SBI Life, Shriram Transport Finance and Vedanta.
F&O stocks in ban
Stocks in ban:
Stocks added:
Stocks out of ban:
FII/DII Activity**
In the cash market, FIIs were net sellers of ₹4,064 crore, while DIIs were net buyers of ₹1,917 crore. In the derivatives market, FIIs sold index futures worth ₹3,386 crore and bought index options worth ₹9,303 crore. Further, they sold stock futures worth ₹971 crore and bought stock options worth ₹492 crore.
Index Action
Nifty50
After a sharp sell-off in global markets on Tuesday, the Nifty50 Index ended a volatile session lower. It closed the day 162 points lower to 17,038. Except for Media, all other indices ended the day with sharp cuts, with Financial Services and Bank Nifty falling the most.
The India VIX climbed 7.3% to 20.60.
The Nifty50’s monthly options expiring on April 28 have sizable positions at 17,300 and 17,200 call options and 17,000 and 16,900 put options.
As per options data, the broad range for the Nifty50 is between 16,000 and 17,900 levels. Its immediate support is at 16,800 and resistance is at 17,300 levels.
Bank Nifty
After a gap-down start, the Bank Nifty slipped 1% but held on to the 36,000 mark at the close. With both Private Bank and PSU Bank indices closing in red, the Bank Nifty declined 375 points and closed the day at 36,028.
The Bank Nifty’s monthly options expiring on April 28 have sizable positions at 36,500 and 36,000 call options and 36,000 and 35,500 put options.
As per the options data, the broad range for the Bank Nifty is between 34,900 and 37,500 levels. Its immediate support is at 35,500 and resistance is at 37,000 levels.
*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.