Market Commentry

( As on Oct-27-2021 08:40 )

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 48 points loss.

Besides, September quarter earnings and adjustment of positions ahead of monthly F&O expiry may lead to additional volatility.

On the result front, Bajaj Auto, IndusInd Bank, ITC, Larsen & Toubro, Maruti Suzuki, SBI Life, are among over 100 companies scheduled to announce earnings today.

On Tuesday, the 30-share benchmark index ended at 61350.26 up by 383.21 points or by 0.63 % and then NSE Nifty was at 18268.4 up by 143 points or by 0.79 %.

On the global front, shares in Asia-Pacific were lower in Wednesday morning trade even as major indexes on Wall Street notched fresh record highs again overnight.

Hong Kong’s Hang Seng index led losses regionally, falling 1.31 per cent. In Japan, the Nikkei 225 dipped 0.64 per cent while the Topix index shed 0.51 per cent. South Korea’s Kospi also slipped 0.55 per cent.

Overnight stateside, the Dow Jones Industrial Average gained 15.73 points to a new record closing high of 35,756.88 while the S&P 500 climbed 0.18% to 4,574.79. The Nasdaq Composite rose fractionally to around 15,235.72.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 58027770.00, Oil And Natural Gas Corporation Ltd. 33022684.00, State Bank of India 21107457.00, ITC Ltd. 18934170.00, Mahindra & Mahindra Ltd. 16978043.00, On NSE, total number of shares traded was 29.24 Crore and total turnover stood at Rs. 73826.68 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 424174 with a total turnover of Rs. 40685.00 Crore. Along with this total number of contracts traded in stock futures were 2149472 with a total turnover of Rs. 193919.30 Crore. Total numbers of contracts for index options were 57087637 with a total turnover of Rs. 5590464.86 Crore. and total numbers of contracts for stock options were 4019307 with a total turnover of Rs. 386575.82 Crore.

The FIIs on 26/10/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 7220.60 Crore and gross debt purchased stood at Rs. 1085.31 Crore, while the gross equity sold stood at Rs. 9119.27 Crore and gross debt sold stood at Rs. 727.85 Crore. Therefore, the net investment of equity and debt reported were Rs. -1898.67 Crore and Rs. 357.46