IGI Logo

Market Commentary

Overnight global action was Negative: On 17 th Dec, U.S. markets down with S&P 500 -78.75 pts (-1.16%), Dow Jones down by -228.10 pts (-0.47%) and Nasdaq down by -485.33 pts (-1.93%). India VIX was down by ~2.2%. GIFT Nifty is trading flat at ~25,860 (-12.00 pts, -0.1%) indicating Indian markets will open negatively.

On 17 th Dec, advance decline ratio on NSE was 3224: 2083 and BSE was 1403: 2761 which showed balanced in the overall markets.

Index Options Data Analysis:

Sensex max call OI is at 85,000 max put OI is at 84,000 with PCR of 0.7

Nifty max call OI is at 26,000 and max put OI is at 25,500 with PCR of 0.6

Bank Nifty max call OI and max put both is at 59,500 with PCR of 0.7

Securities in Ban for F&O Trade for 18

BANDHANBNK

Sectors in Focus:

PSU Bank : Nifty PSU Bank up by +1.29% with CANBK (+2.06%), BANKINDIA (+1.81%), and PNB (+1.73%) Among the contributors.

Metal : Nifty Metal index up by +0.25% with APLAPOLLA (+1.74%), HINDZINC (+1.73%), and HINDALCO (+1.30%) Among the gainers.

Pharma : Nifty Pharma index up by +0.25 with AUROPHARMA (+1.18%),LUPIN (+1.12%), and JBCHPHARMA (+0.80%) Among the contributors.

Media: Nifty Media index was down by -1.71% with SAREGAMA (-6.70%) , NAZARA (-4.32 ) and PFOCUS (-3.21%) among the top losers.

Consumer Durables : Nifty Consumer Durables Bank index was down by -1.23% with DIXON (-3.10%), AMBER (-2.84%) and WHIRLPOOL (-2.19) among the top losers.

Chemical : Nifty Chemical index was down by -0.71 % with COROMANDEL (-2.13%), NAVINFLUOR (-2.09%) and AARTIND (-1.92)contributing negatively to the index

SMS subject to  Disclosures and Disclaimer goo.gl/8bCMyQ

SEBI Registration No.: INH000001634