Nifty index settled near the day’s top after an otherwise weak trading session, closed shop at 17736 levels, up 80 points from its previous closing value.
Global Market Update
News highlights from across the globe
Important news updates from the domestic front
Nifty Outlook
Nifty index settled near the day’s top after an otherwise weak trading session, closed shop at 17736 levels, up 80 points from its previous closing value.
Broader markets performed in line with benchmark, Mid & Small cap index were up 0.78% and 0.41% respectively. Market breadth was flat, 1192 advances were recorded against 1006 declines at NSE.
Barring IT, all sector gauges tracked at NSE settled in green, Realty and Metal index were at the top of the tally, up 2.96% and 2.7% respectively followed by Oil & Gas pack that was up 1.36%.
Nifty index settled near the day’s top, this is a positive development indicating more upside move ahead. Going ahead, sustenance above 17600 is the key for sustainable up move towards 18000-mark.
Derivatives Overview & Outlook
Yesterday, both Nifty and Banknifty futures remained almost unchanged on the price front whereas on open interest front both shed around 20% of open interest.
Nifty & Banknifty futures rolled 76% of open interest each into next contracts which was lower than the previous month rollovers of 78% and 82% respectively.
On options front, Nifty will start the first week of November series with maximum positions at 18400 CE and 17700 PE.
FII & DII Trading Activity
Yesterday, FIIs bought stocks worth Rs 2818 Cr in the cash segment, bought stocks futures worth Rs 2557 Cr and also bought index futures worth Rs 4104 Cr. On the other hand, DIIs sold stocks worth Rs 1580 Cr in the cash segment.
Nifty Futures & Bank Nifty Futures Key Levels
Nifty Futures – Resistances 17800-17900; Supports 17650-17570
Banknifty Futures – Resistances 41550-42000; Supports 41100-40850
Earnings Today – Vedanta, Maruti Suzuki India, Mangalore Refinery & Petrochemicals, Tata Power, JSW Energy, Dr. Reddy’s Laboratories, Astec Lifesciences, Bandhan Bank, Blue Dart Express, Carborundum Universal, CCL Products (India), Datamatics Global Services, Dwarikesh Sugar Industries, Eveready Industries India, IFB Industries, Intellect Design Arena, NIIT, Olectra Greentech, Punjab Alkalies & Chemicals, Ramco Industries, Rane Holdings, Satia Industries, Satin Creditcare Network, Sona BLW Precision Forgings, Sumitomo Chemical India, TTK Healthcare
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