The US markets ended lower, on a late day reversal dragged by techs, as investors took profits. The Nasdaq erased 9 points to close at 3,067. Earlier, the Nasdaq hit an intraday high of 2,799 its highest level since December 2000. The S&P 500 to rose to fresh 4 year highs in intraday trade, but ended the day down 0.35%. The CBOE volatility index jumped 7% to above 15 levels.
Dow Jones Industrial Average slipped 0.51% or 68.06 points at 13203.58. Nasdaq Composite was down 0.29% or 8.95 points at 3067.26. Standard & Poor’s 500 shed 0.35% or 4.96 points at 1413.17.
In key data to watch out in the US today, investors will be looking ahead to the release of the Federal Reserve’s latest minutes from its July meeting. Also watch out for existing home sales data that may rise to 4.5 million annual rates.
In the currency space, the euro rises to a 6-week high ahead of euro zone regional leaders meet this week to discuss Greece’s fiscal adjustment program. The dollar index slips below the 82 mark.
In commodities, crude prices gain with Brent just shy of the USD 115 mark after a report showed that stockpiles declined the most in three weeks in the US.
From the precious metals space, gold prices gain more than a percent on further stimulus talks. Platinum too hit a three and a half month high.
Indian ADRs ended higher on Tuesday. In the IT space, Wipro was up 2.13% at USD 8.16, Infosys was up 1.92% at USD 43.49, and Patni was up 0.76% at USD 18.5.
In the Telecom space, Tata Communication was up 1.81% at USD 8.46 and MTNL was up 0.84% at USD 1.2. In the Banking space, ICICI Bank was up 0.69% at USD 35.18 and HDFC Bank was down 0.68% at USD 34.97.
In the other space, Sterlite was up 4.87% at USD 8.19, Tata Motors was up 1.38% at USD 22.04 and Dr Reddys was up 1.81% at USD 29.89.
The US markets eased off their session lows but still ended in the red, with the S&P 500 snapping a six-day winning streak, amid fears of a global economic slowdown. The CBOE volatility index fell below 14 to its lowest level in almost five years.
Dow Jones Industrial Average was down 0.29% or 38.52 points at 13169.43. Nasdaq Composite was up 0.05% or 1.66 points at 3022.52. Standard & Poor’s 500 was down 0.13% or 1.76 points at 1404.11.
In key data to watch out for in the US today, the producer price index for the month of July is expected to edge up 0.2%. And retail sales may see a 0.3% growth in July.
In the currency space, the euro holds on to its yesterday gains ahead of the GDP data due from Germany and France.
In commodities, Brent crude prices retreat to USD 113 levels after touching an intraday high of USD 115 levels yesterday.
Indian ADRs ended lower on Monday. In the IT space, Infosys was down 0.93% at USD 41.4, Wipro was down 0.61% at USD 8.1 and Patni was down 0.58% at USD 18.6505.
In the Banking space, ICICI Bank was down 1.52% at USD 34.39 and HDFC Bank was down 0.93% at USD 35.25. In the Telecom space, Tata Communication was down 1.97% at USD 8.42 and MTNL was up 1.33% at USD 1.216.
In the other space, Dr Reddys was down 1.57% at USD 29.41, Tata Motors was down 1.09% at USD 20.81 and Sterlite was up 0.5% at USD 8.09.
Nifty options suggest market range of 5200-5400
Total Puts add 15.4 lakh shares in Open Interest
Total Calls shed 3.6 lakh shares in Open Interest
Highest OI buildup seen in 5000 Put & 5500 Call
5000 Put sheds 1.75 lakh shares in Open Interest
5500 Call adds 29K shares in Open Interest
5300 Put adds 8.82 lakh shares in Open Interest
5200 Put adds 5.25 lakh shares in Open Interest
4900 Put adds 4 lakh shares in Open Interest
5400 Call sheds 5.95 lakh shares in Open Interest
5300 Call adds 22K shares in Open Interest
Total Nifty Futures added 10.4 lakh shares in OI
Stock Futures adds 1.7 cr shares in OI
Nifty PCR rose to 1.2 from 1.17
India VIX closed at 16.01 down by 0.37%
FIIs in F&O on August 13
FIIs net sell Rs 28 cr in Index Futures; Index Futures Open Int Contracts up by 22065
FIIs net sell Rs 410 cr in Index Options; Index Options Open Int Contracts up by 17193
FIIs net sell Rs 442 cr in Stock Futures; Stock Futures Open Int Contracts up by 5226
* Disclaimer: These recommendations are based on the theory of technical analysis and outlook of the market performance. Readers those who buy and sell securities based on the above information in this column are solely responsible for their actions. The author won't be liable or responsible for any sort of financial and legal loses suffered by the traders.