Global cues were mixed after Dow Jones and S&P 500 gained but NASDAQ closed in the red. Asian Stock markets were moving in either direction during the early hours of trade. (Image: Reuters)Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets witnessed heightened volatility on Wednesday and closed with losses. S&P BSE Sensex settled at 61,259 while NSE Nifty 50 ended the day at 18,266. Broader markets closed deep in the red. India VIX jumped 5.35% to close above 18 levels. Entering the weekly futures & options expiry session, SGX Nifty was trading in the positive territory, hinting at positive momentum building up ahead of the opening bell. Global cues were mixed after Dow Jones and S&P 500 gained but NASDAQ closed in the red. Asian Stock markets were moving in either direction during the early hours of trade
The bad bank could come into action this January with lenders transferring the first batch of bad assets worth about Rs 90,000 crore to the National Asset Reconstruction Company (NARCL). After having received the centre’s approval in September the bad bank has now received a license from the Reserve Bank of India (RBI) to start operations. The cabinet has already approved a proposal to offer a sovereign guarantee on the security receipts (SRs) issued by the NARCL, which is estimated to cost the exchequer Rs 30,600 crore over five years. In the first phase, fully-provisioned toxic assets will be transferred.
Highlights
On Option front, Maximum Put OI is at 17500 followed by 18000 strike while maximum Call OI is at 18500 followed by 19000 strike. Call writing is seen at 18300 then 18400 strike while minor Put writing is seen at 18200 than 17500 strike. Option data suggests an immediate trading range in between 18100 to 18600 zones.
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BSE-listed companies such as Asian Paints, JSW Steel, Biocon, 63 Moons Technologies, Agro Tech Foods, Borosil Renewables, Can Fin Homes, CG Power and Industrial Solutions, Container Corporation of India, ICICI Lombard General Insurance Company, IDBI Bank, Indian Energy Exchange, IIFL Securities, Indian Hotels, IndiaMART InterMESH, Duncan Engineering, Gateway Distriparks, Heritage Foods, Jubilant Industries, Lemon Tree Hotels, LIC Housing Finance, Bank of Maharashtra, Mphasis, Music Broadcast, Rane Engine Valve, Sasken Technologies, South Indian Bank, Sterlite Technologies, Tanla Platforms, Trident, TVS Motor Company, and VST Industries will release second quarter earnings on 21 October 2021.
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In the Nifty’s current series, a short covering has been witnessed with an increase in price of 3.94% and decrease in OI by -5.48% as of Wednesday wherein there was unwinding of 6.38 lakh shares in OI, decreasing from 116.52 lakh to 110.14 lakh shares. Nifty October rollover stands at 18.31%, while Nifty Put Call Ratio, a sentiment indicator used by traders to gauge the market sentiment and mood, is currently at 0.91 compared to 1.53 of last week, indicating positive bias.
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After showing weakness from all-time highs on Tuesday, Nifty witnessed follow-through declines on Wednesday and closed the day lower by 152 points. A long bear candle was formed on the daily chart, which indicate sharp reversal in the market. The recent swing high of 18604 could now be considered as a short term top formation for the Nifty.
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"Nifty closed at almost the intraday low for the second session and advance-decline ratio continued to be sharply negative. 18198 and 17948 are the two successive supports for the Nifty while, 18351 could be a resistance for the near term. Post 1-2 days of more weakness, one may get a chance to bottom fish (especially for traders)," said Deepak Jasani, Head of Retail Research, HDFC Securities.
SGX Nifty was up 30 points on Thursday morning amid mixed global cues. Nifty futures hit at a flat to positive start for equities.
The National Asset Reconstruction Company (NARCL), or the so-called bad bank, is expected to witness the transfer of the first batch of toxic assets worth about Rs 90,000 crore by January 2022, banking sources told FE.
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