Dear Trader…
Tracking gains in Asian peers, the 30-share
BSE benchmark Sensex jumped 446 points or 0.71% to settle at 63,416. The
broader NSE Nifty gained 126 points or 0.68% to end at 18,817.
From the Sensex pack, SBI, HDFC, and HDFC
Bank were the top gainers, rising 1.5-2%. Axis Bank, Bharti Airtel, ICICI Bank,
Kotak Bank, Tata Motors, and NTPC also closed higher. On the other hand, only
Maruti, IndusInd Bank, HUL and ITC closed lower.
Sector-wise, Nifty Financial Services
advanced 1.37%, and Nifty Bank gained 1.10%. Nifty IT and Nifty Realty also
closed higher. In the broader market, Nifty Midcap100 gained 0.50%, and
Smallcap100 rose 0.60%.
Meanwhile, the market capitalisation of all
listed companies on BSE increased by Rs 1.46 lakh crore to Rs 292.13 lakh
crore. The market breadth was skewed in favour of the bulls. About 2,025 stocks
gained, 1,467 declined, and 146 remained unchanged on the BSE.
Global Markets –
European
markets opened slightly higher Tuesday morning before falling to a loss as
investors monitored comments from central bankers at the ECB Forum in Sintra.
In Asia,
equities traded mixed with some bolstered by
renewed optimism about economic support in China. Premier Li Qiang said during
a speech that Beijing would be putting forward.
Nifty
futures opened at 18741.00 points against the previous close of 18717.20 and
opened at a low of 18730.00 points. Nifty Future closed with an average
movement of 92.40 points and a rise of around 94.00 points and 18811.20
points…!!
On the
NSE, the midcap 100 index will rise 0.50% and small cap100 index is closing rise
0.60%.
At the
start of intra-day trading August gold opened at Rs.58493 fell from a high of
Rs.58532 points to a low of Rs.58306 with a decline of 07 points, a trend of
around Rs.58405 and JULY Silver opened at Rs.69573, fell from a high of Rs.69729
points to a low of Rs.69252 with a rise of 173 points, a trend of around Rs.69358.
Meanwhile, The domestic market rallied, primarily supported by
banking and finance stocks, which received a boost from the merger updates from
HDFC. Meanwhile, global trends were mixed as the Chinese market showed signs of
recovery, driven by hopes of additional policy stimulus, whereas European
markets traded with declines in response to hawkish commentary from the
President of the ECB. Ahead of the release of US stock data, oil prices eased
as concerns regarding Russian political instability and potential supply
disruptions were alleviated.
Technically, the
important key resistances are placed in Nifty future are at 18811 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 18838 – 18909 levels. Immediate support is placed at 18737 –
18676 levels.
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