Dear
Trader…
The 30-share BSE benchmark Sensex surged 367 points or 0.56%
to settle at 66,527. The broader NSE Nifty gained 93 points or 0.47% to end at
19843.In the Sensex pack, NTPC and Power Grid were the top gainers, rising over
3% each. Tech Mahindra, Tata Steel, TCS, Wipro, Maruti, JSW Steel, and Tata
Motors also ended with gains. On the flip side, Bajaj Finance, Kotak Bank, HUL,
ITC, and Bharti Airtel ended with cuts.
Sector-wise, Nifty Metal rose 1.77% and Nifty IT gained
1.49%. Nifty Bank and Nifty Auto also closed higher. In the broader market,
Nifty Midcap100 gained 0.97%, and Smallcap100 rose 0.88%.
Global Markets –
Most Asian share markets rose on Monday as
sentiment was boosted by data showing easing inflation in the United States.
Japan’s Nikkei 225 rose 1.34%, and China’s Shanghai Composite gained
0.46%.European markets were mixed Monday as investors digested a dip in euro
zone inflation and looked ahead to a key policy decision from the Bank of
England.
Oil prices rise – Oil prices edged higher on Monday and were set to post their
biggest monthly gains in more than a year on Monday, on expectations that Saudi
Arabia will extend voluntary output cuts into September and tighten global
supply.Brent crude futures crept 34 cents higher to $85.33 a barrel, while US
West Texas Intermediate crude rose 54 cents to $81.12 a barrel.
Rupee ends flat – The Indian rupee ended little changed on Monday, the first
day of a data-heavy week that will help investors assess the outlook for US
monetary policy. The rupee ended at 82.2450 against the dollar on the day,
compared with its close of 82.2475 on Friday. For the month, the Indian unit
declined 0.2%.
Nifty futures opened at 19771.50 points against the previous close
of 19751.80 and opened at a low of 19708.25 points. Nifty Future closed with an
average movement of 151.70 points and a rise of around 92.15 points and 19843.95
points…!!
On the
NSE, the midcap 100 index will rise 0.97% and small cap100 index is rise 0.88%.
At the
start of intra-day trading August gold opened at Rs.59390 fell from a high of
Rs.59390 points to a low of Rs.59176 with a decline of 137 points, a trend of
around Rs.59290 and September Silver opened at Rs.74040, fell from a high of Rs.74348
points to a low of Rs.73780 with a rise of 253 points, a trend of around Rs.74312.
Meanwhile, Indian indices have resumed their rally,
following the global market trend, as cooling inflation across the globe gave
hopes of an end to the policy tightening era.
Technically, the
important key resistances are placed in july Nifty future are at 19843 levels,
which could offer for the market on the higher side. Sustainability above this
zone would signal opens the door for a directional up move with immediate
resistances seen at 19909 – 20008 levels. Immediate support is placed at 19808–
19676 levels.
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