Market update
Yesterday, Nifty and Banknifty witnessed Huge Short covering which Led Nifty to reach back to 17380 and Banknifty went up till 36590.
This also Led to Huge short covering in call options and Short Build up in Put options.
as of now 37k Banknifty call option is carrying excessive Long Position and Prices are trading at 196.
in these scenarios, generally Writer try to liquidate and melt the options premiums as much as possible.
So, Our expection today in the first half is Melting of Call options premiums and we are expecting expiry tomorrow to take place on a Bullish note only
Yesterday, Nifty and Banknifty witnessed Huge Short covering which Led Nifty to reach back to 17380 and Banknifty went up till 36590.
This also Led to Huge short covering in call options and Short Build up in Put options.
as of now 37k Banknifty call option is carrying excessive Long Position and Prices are trading at 196.
in these scenarios, generally Writer try to liquidate and melt the options premiums as much as possible.
So, Our expection today in the first half is Melting of Call options premiums and we are expecting expiry tomorrow to take place on a Bullish note only
Morning Alert..🚀🚀
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
s Rs 18,000 crore buyback subscribed 5.5 times a day before close.
Zomato – Cos 10-minute delivery plan faces ire from all quarters.Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables