Dear Trader –
The BSE Sensex rose 14 points or 0.02% to end at
66,023, while its NSE counterpart Nifty50 closed below the 19,700 level. From
the Sensex pack, Bajaj Finance and Bajaj Finserv were the top gainers. Kotak
Bank, Asian Paints, and UltraTech Cement also closed higher.On the other hand,
Infosys, M&M, Wipro, TCS, and Sun Pharma closed in the red.
On the sectoral front, Nifty Bank rose 0.35%, and
Nifty Financial Services surged 0.56%. While Nifty IT declined 0.78%, and Nifty
Media fell 0.73%. The more locally focussed mid-cap and small-cap companies
rose 0.66% and 0.04%, respectively.
The market breadth was skewed in favour of the
bears. About 1,952 stocks declined, 1,824 gained, and 170 remained unchanged on
the BSE.
Global Markets –
Asian shares fell on Monday, dragged by China,
after central banks last week reinforced the message that interest rates would
stay higher for longer, while investors braced for inflation data from the US
and Europe. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan
dropped 0.5%,edging back to a 10-month low plumbed just last week. Japan’s Nikkei,
on the other hand, rose 0.9%, as investors bought beaten-down shares.
Oil Climbs – Oil prices rose on
Monday as investors focused on a tighter supply outlook after Moscow issued a
temporary ban on fuel exports. They remained wary of further rate hikes that
could dampen demand.Brent crude futures climbed 15 cents, or 0.16%, to $92.11 a
barrel. US West Texas Intermediate crude futures extended gains for a second
session, trading at $90.25 a barrel, up 22 cents, or 0.24%.
Rupee Weakens – The Indian rupee
depreciated on Monday, pressured by elevated US Treasury yields and higher
crude oil prices.The rupee closed at 83.1450 against the US dollar as compared
with 82.93 in the previous session. Most Asian currencies fell, with the Thai
Baht and offshore Chinese yuan leading losses.The dollar index rose to 105.71,
hovering near a six-month high.
Nifty futures opened at 19722.25 points against the previous close
of 19708.25 and opened at a low of 19626.25 points. Nifty Future closed with an
average movement of 136.75 points and a decline of around 3.50 points and 19704.75
points…!!
On the NSE, the midcap 100 index will rise 0.11% and small cap100
index is rise 0.66%.
At the start of intra-day trading October gold opened at Rs.58884 fell
from a high of Rs.58996 points to a low of Rs.58841 with a decline of 01 points,
a trend of around Rs.58945 and October Silver opened at Rs.73251, fell from a
high of Rs.73636 points to a low of Rs.73021 with a decline of 87 points, a
trend of around Rs.73250.
Meanwhile,
The day presented a mixed picture in the market,
with sectors such as realty, banking, and consumer durables performing well
while IT and pharma struggled. Investors were actively repositioning, shifting
away from stocks tied to the global economy and focusing on the domestic
economy.
Technically,
the important key resistances are placed in August Nifty future are at 19704 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 19770 – 19880 levels. Immediate support is placed at 19606 –
19570 levels.
Note :- Before
Act please refer & agree Terms & conditions, Disclaimer, privacy policy
& agreement on www.nikhilbhatt.in
