Nifty futures had been trading 28.50 points or .20 per cent up at 14,629 on Singaporean Exchange, indicating a gap-up start out for BSE Sensex and Nifty 50 on Wednesday. On the back of bullish sentiment, the market place capitalisation of all BSE-listed organizations soared to a fresh all-time higher of Rs 197.46 lakh crore on Tuesday. Today, October-December quarter earnings, macro information, stock-particular developments, oil rates, rupee movement and other international cues will be keenly watched. Market participants could react to the macro financial information released soon after market place hours on Tuesday. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking) stated that this type of optimism in the markets has not been noticed more than the previous decade or so. “The contrarian bets from retail participants are not letting the markets fall, which is the practical aspect of the relentless move,” he added.
Call, Put OI: Maximum Call Open Interest (OI) for the January series is placed at 15000 strike with 20.84 lakh contracts. This is followed by 16.34 lakh contracts at 14000 strike.
Put OI is the most at 14000 strike with 29.90 lakh contracts, followed by 22.35 lakh contracts at 13,500 strike.
FII, DII information: On Tuesday, foreign institutional investors (FIIs) purchased shares worth Rs 571.47 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 1,334.5 crore on a net basis in the Indian equity market place, according to the information readily available on the NSE.
Corporate earnings: A total of 10 BSE listed organizations such as Infosys, Wipro,5paisa Capital, Amtek Auto, Asian Tea & Exports, CESC, Capital Trade Links, GTPL Hathway, Mideast (India) and Rajoo Engineers are set to announce their October-December quarter earnings later in the day today.
Macro information: Retail inflation fell sharply to 4.59 per cent in December, mostly due to declining meals rates. Retail inflation primarily based on the Consumer Price Index (CPI) was 6.93 per cent in November. While India’s factory output, Index of Industrial Production (IIP), witnessed a contraction of (-)1.9 per cent in November.
Global watch: Asian stock markets had been noticed trading mixed in the early trade on Wednesday. Japan’s Nikkei 225 sophisticated marginally although the Topix index fell .13 per cent. Wall Street stock indices ended barely greater in the overnight trade. The Dow Jones Industrial Average rose .19 per cent, the S&P 500 gained .04 per cent and the Nasdaq Composite added .28 per cent.