Dear
Trader…
The 30-share BSE benchmark Sensex declined
9 points or 0.01% to settle at 62,970, while the broader NSE Nifty rose 26
points or 0.14% to end at 18,717.
From the Sensex pack, TCS, Reliance, NTPC,
Bharti Airtel, Power Grid, And L&T closed in the red, while Maruti, Tata
Motors, Titan, UltraTech Cement, Bajaj Finserv, and M&M closed higher.
Sector-wise, Nifty Auto surged 1.15%, and
Nifty Pharma jumped 1.53%. Nifty FMCG and Nifty Healthcare Index also closed
higher. In the broader market, Nifty Midcap100 gained 0.92%, and Smallcap100
rose 0.62%.
Global Markets –
Global shares fell following an aborted
uprising by Russian mercenaries raised questions about the authority of
President Vladimir Putin, leaving investors little option but to focus on the
broader macroeconomic picture. Japan’s Nikkei 225 closed 0.25% lower, and
China’s Shanghai Composite ended 1.48% lower.The MSCI All-World index
was last down 0.l%, led by declines in Europe, where defence stocks weighed on
the STOXX 600, which fell 0.3%.
Defence stocks such as BAE Systems and
France’s Dassault Aviation were among the biggest negative weights on the
European stock market, while in the US premarket, Lockheed Martin and Northrop
Grumman shares were down 0.7-0.9%.Oil prices fell on Monday after a
revolt by Russian mercenaries over the weekend, though the political
instability did not appear to pose an immediate threat to oil supply from one
of the world’s largest producers.
Currency watch – The Indian rupee was
flat versus the US dollar and quoted at 82.05 per dollar in the wake of more
losses for most Asian currencies and a lack of speculative interest. The dollar
index, which tracks the movement of the greenback against a basket of six major
world currencies, declined 0.15% to 102.74 level.
Nifty
futures opened at 18720.00 points against the previous close of 18705.90 and
opened at a low of 18655.00 points. Nifty Future closed with an average
movement of 55.00 points and a rise of around 11.30 points and 18717.20
points…!!
On the
NSE, the midcap 100 index will rise 0.92% and small cap100 index is closing rise
0.62%.
At the
start of intra-day trading August gold opened at Rs.58429 fell from a high of
Rs.58670 points to a low of Rs.58352 with a rise of 268 points, a trend of
around Rs.58575 and JULY Silver opened at Rs.68599, fell from a high of Rs.69462
points to a low of Rs.68599 with a rise of 1037 points, a trend of around Rs.69120.
Meanwhile,
The global market
exhibited a negative bias as concerns regarding economic growth emerged in the
light of the political instability in Russia. This instability led to an
increase in oil prices, driven by worries over potential supply disruptions,
given Russia’s status as one of the largest oil producers and On the
domestic front, the market experienced limited downside as the pharma and auto
sectors provided support. Additionally, mid- and small-cap stocks were seen
recovering their positions following a recent sell-off, indicating a regained
investor confidence in these segments.
Technically, the
important key resistances are placed in Nifty future are at 18717 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 18770 – 18838 levels. Immediate support is placed at 18676 –
18606 levels.
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