Nifty ends marginally lower but holds above 10,000 , up 1% for week

Catch all that happened in the market here

9:32 AM

RESULT ANALYSIS: ICICI Bank

ICICI Bank's standalone June quarter (Q1) results, announced after market hours, weren't any encouraging, except that the bank was rescued to a thankful extent by the closure of JP Associates' cement plant sale deal with UltraTech on June 29. An eight per cent year-on-year (y-o-y) growth in net interest income at Rs 5,590 crore wasn't enough to cushion the bad loan provisioning CLICK HERE TO READ MORE

9:31 AM

Despite Q1 miss, multiple triggers ahead for Maruti READ THE FULL STORY HERE

9:29 AM

In the broader market, BSE Midcap was little changed, while BSE Smallcap was down 0.2%. 

9:28 AM

Top Sensex gainers and losers

Source: BSE

9:27 AM

F&O WATCH

 

On the downside, the index has supports at 10,000 levels than 9,960 levels while on the upside resistance is around 10,150 zones. On the option front, maximum Put OI is at 9,800 followed by 10000 strike and while maximum Call OI is at 10000 followed by 10100 strike. While fresh put writing is seen at 9800, 9900, 10000 and 10100 strikes while fresh Call writing is seen at 10000, 10100, 10200 and 10300 strikes. 

 

Bank Nifty outlook

 

Bank Nifty opened on a positive note and after the initial consolidation at the opening levels it witnessed buying interest and headed towards 25037 zones. It outperformed the Nifty and finally ended the session with the gains of around 235 points. Now it has support near to 24750 then 24450 zones while on the upside hurdles are seen at 25150 then 25300 zones.

 

Source: Anand Rathi Research

9:25 AM

Earnings impact

Dr Reddy's slipped nearly 6% to Rs 2,470 after over 4% fall in the previous session. The stock was the top loser after the pharma major on Thursday reported 53% decrease in its consolidated net profit at Rs 59 crore. CLICK HERE FOR DETAILED EARNINGS  

9:20 AM

Markets check

At 9:20 am, the Sensex was trading at 32,222, down 161 points, while the Nifty50 was ruling at 9,977, down 43 points.

9:12 AM

Open interest in Nifty lowest for the CY17: Angel Broking

 

July series was the historical one for the Nifty as it ended the expiry above the milestone of 10,000-mark. At the same time, the Nifty continued its winning streak by posting a positive expiry for the seventh consecutive month. One of the important observation in the index is that the OI (Open interest) at present is lowest since the start of the calendar year 2017, which indicates majority of the longs formed during the rally seen in last seven series have been lightened.

Throughout July series, FIIs formed short positions in index futures; out of which hardly 23% of the positions were rolled to August series. However, FIIs poured liquidity in equities as they bought worth Rs 2,885 crores during the last series. In options segment, 10,000-10,200 call and 9,700-10,000 put options are attracting trader’s attention. Looking at the overall rollover data, we would advice traders to remain light in index until we see relevant fresh positions forming in either direction.

9:08 AM

Rollovers

Market-wide rollovers on the last day of July series stood at 77% which is in line compared to the average rollovers of the last three series, while the Nifty futures rollover stood at 68% which is a tad lower than the average rollovers of 71% of the last three series.

9:07 AM

Pre-open trade

The Sensex was trading at 32,383, up 0.5%, while the Nifty50 was ruling at 10,012, down 8 points. 

9:04 AM

Derivative Strategy on Bharat Forge by HDFC Securities

 

Bharat forge futures open interest currently stands at three month high. This higher open interest coupled with the rise in price indicates accumulation of long positions by the strong hands. CLICK HERE FOR MORE

9:01 AM

Buy India Cements, ACC and Tata Elxsi, says Prabhudas Lilladher. CLICK HERE FOR DETAILS

9:01 AM

Wall Street update

A swoon in technology and transportation shares led the S&P 500 slightly lower on Thursday on a day full of corporate earnings reports, but the Dow industrials set a record closing high, helped by a jump in Verizon. The Dow Jones Industrial Average rose 85.54 points, or 0.39% to 21,796.55, the S&P 500 lost 2.41 points, or 0.1% to 2,475.42 and the Nasdaq Composite dropped 40.56 points, or 0.63% to 6,382.19.

8:59 AM

Asian markets

 

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8% but was still on track for a 0.4% weekly gain, with Samsung Electric, Asia's largest company by market capitalisation, dropping 3.5%. Japan's Nikkei shed 0.4%, China's Shanghai Composite and Hong Kong's Hang Seng indices were down 0.1% and 0.5%, respectively. 

8:56 AM

Singapore Nifty

At 8:55 am, the SGX Nifty was trading at 9,996, down 75 points or 0.76%.