Sensex and Nifty fell over 1% for the second consecutive session on Monday, with weakness in global markets being pulled down by metals and banks further weighing on sentiment. The BSE Sensex closed at 58,773.8, down 872 points. Similarly, the Nifty closed at 17,490.7, down 1.5 per cent.
stock market todayKey things to know before the opening bell
global signal
Stocks in Asia saddened US stocks with their worst fall in two months, boosting bond yields and the dollar on Tuesday after concerns over monetary tightening from the Federal Reserve.
Stocks fell widely on Wall Street, extending market losses amid inflation concerns and the road ahead for the economy. The S&P 500 dropped 2% on Monday, its biggest drop since mid-June.
SGX Nifty
SGX Nifty indicates lower opening for Indian stock markets on Tuesday. Singapore Nifty is the Indian Nifty which is traded on the Singapore Stock Exchange and is considered the first sign of the opening of the Indian markets.
nifty technical outlook
“The positive sequence like higher top and bottom is still intact and the current weakness could be consistent with the formation of a new high bottom of the sequence. But, a significant downside reversal from significant resistance and formation of a negative pattern as per the daily and weekly charts. This indicates that the market is likely to cut some more before showing any upside bounce from the lows,” said Nagraj Shetty, Technical Research Analyst, HDFC Securities.
nifty call option data
As per the data, the major total call open interest was seen at 17600, 17700 and 17800 strike with total open interest of 155264, 136403 and 141653 contracts respectively. The 17600 and 17700 strikes saw major call open interest additions, which included 136430 and 103551 contracts respectively. The strike of 17900 saw call unwinding which shed 50059 contracts.
nifty put option data
Major Total Put Open Interest was seen at 17300, 17400 and 17500 strikes with Total Open Interest of 84508, 77158 and 114152 contracts respectively. Major put open interest additions were seen in the 17400 and 17500 strikes, which included 18843 and 14420 contracts respectively. Highlighting Profitmart Securities, put unwinding was witnessed at 17700 and 17800 strike, which shed 23302 and 36609 contracts respectively.
fii dii data
Foreign Institutional Investors (FIIs) Net Sell 423 crore shares, while Domestic Institutional Investors (DIIs) sold net As per provisional data available on NSE, shares worth 85 crores as on 22nd August.
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