Nifty futures surged larger in early trade, increasing 140 points or .9 per cent to 15,750 on Singaporean Exchange on weekly F&O expiry day. Analysts anticipate higher volatility on weekly alternatives expiry day. Market particpants will take cues from increasing delta COVID-19 variant, vaccination drive, ocrude oil costs, rupee movement against US dollar and other international cues. Besides, investors will closely track April-June quarter final results. Aanlysts say that the Q1 outcome season has so far been in-line to far better than expectations, major to sector /stocks distinct action, which is most likely to continue in the close to-term as effectively. “Also it may provide investors with some insights into the scale of economic recovery through the management commentaries. Market has seen some sell off from its recent life highs on the back of weak global cues,” mentioned Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Q1 final results today: BSE-listed businesses such as Hindustan Unilever Ltd, Ultratech Cement, Bajaj Auto, Hindustan Zinc, ICICI Lombard Genenral Insurance Company, Biocon, Mphasis, Bajaj Holdings, Persistent Systems, IndiaMART InterMESH, Bank of Maharashtra, and IEX will announce their April-June quarter earnings on 22 July.
Global watch: Asian stock markets had been trading larger in early trade on Wednesday, with Japan’s stock markets closed for a vacation. Hong Kong’s Hang Seng index was up 1.19 per cent in early trade. The Taiex in Taiwan also gained 1.01 per cent. In overnight trade on Wall Street, US stocks posted their second straight every day acquire on Wednesday. The Dow Jones Industrial Average rose 286.01 points, or .83 per cent, the S&P 500 gained 35.63 points, or .82 per cent, and the Nasdaq Composite added 133.08 points, or .92 per cent.
FIIs turn net sellers: On Tuesday, foreign institutional investors (FIIs) sold shares worth Rs 2,834.96 crore, though domestic institutional investors (DIIs) bought shares worth Rs 873.14 crore on a net basis in the Indian stock marketplace.
Call, Place OI: The maximum Call OI is at 15,800 strike with 78,095 contracts, followed by 15,700 strike cost. While maximum Put OI is at 15,500, followed by 15,600.
Crude import bill practically triples: The country’s crude oil import bill has improved 190.6% year-on-year to $24.7 billion in Q1FY22 with increasing costs of the commodity in the international marketplace and larger procurement volumes with demand for auto fuels returning.