Benchmark Indices Close Below 2%

Post Market Commentary: 

Nifty gave gap down opening and made day high but not able to sustain at higher levels and the Index cut all its early gains and plunged into red in by the end of 1st session as overseas investors continued to cut positions amid lower-than-expected GDP growth.Finally Nifty given close at 7785.85 levels with loss of 185.45 points.

Market breadth for the Nifty Index remains weak as the advance decline ratio ended on the negative side today. Only 4 stock has been closed with green mark whereas, 45 stock has been closed with red.

Top 5 Nifty Gainers: BAJAJ-AUTO was top gainer gain with 0.86% followed by ACC, SUNPHARMA, AMBUJACEMENT.

Top 5 Nifty Losers: PNB was top looser with loss of -7.21% followed by BANKBARODA, KOTAKBANK, HINDALCO, AXISBANK.

In today’s trading session all sector closed with red mark, CNX PSU BANK sector was top looser lose with -4.43 per cent.

The Asian markets were quoting with red mark; China's Shanghai Composite was decline by -39.36 points, Hong Kong's Hang-Seng sleep with -481.77 point, while Japan's Nikkei was down by -724.49 point.

European market gave negative opening in today’s tiding session as the impact of Chinese manufacturing data.

Derivative Analysis

The Nifty September futures open interest has increased as 6.90% as compare with previous trading session noted as 5.51%. Bank Nifty September futures open interest has increases from 4.3%  to 6.25%. Nifty market closed at 7785.85 levels & Bank Nifty marked closed at 16530.30 levels.

The Nifty September future closed at a premium of 6.15 point.
 
The October series closed at a premium of 48.15points.

The Implied Volatility of at the money options has increases by 16.76 per cent.  

Nifty PCR-OI has sustain at 1.08 levels.









Interpretation: On the basis of above data,its observed that 7500 may act as strong Support& 8200 may act as strong resistance for Nifty Index. Further moment for the index would be on the positive side.