intelligent GIFT +20 points; Here’s what changed in the market while you slept

Domestic stocks pared some of their initial gains to close lower on Thursday after posting gains after three days of positive trading. Investors will be watching the Jackson Hole meeting closely, which will provide some direction for interest rates.

“Meanwhile, Nifty should remain range bound, with some action on certain stocks in the broader market”; said Siddhartha Khemka, director of retail research at Motilal Oswal Financial Services.

Here’s a look at pre-launch activity:

 MARKET STATE

 GIFT Nifty (formerly SGX Nifty) signals a positive start.

GIFT Nifty on  NSE IX is trading at 18.5 points or 0. up 10% to 19,311.50, meaning Dalal Street is headed in the right direction on Friday.

  • Technical view: For the bulls, the 19470 level will be an immediate area of ​​resistance and if the index trades below that level, the weak sentiment is likely to persist and a retest of the 19325-19300 level might be possible. On the other hand, after the 19500-19600-19625 breakout, the market might continue to rise.
  • VIX India: The VIX India, which measures fear in the markets, has fallen to zero.23% will stabilize at 11:70 a.m.

 US stocks fall

Three major US stock indexes closed down more than 1 on Thursday, spurred by the decline in the Nasdaq after this week’s sharp rise and investor nervousness ahead of the Federal Reserve Board’s speech. Jerome Powell, on Friday.

  • decrease of 1.1%;
  • S&P 500 down 1.4%,
  • Nasdaq down 1.9%

 Asian equities down

Asian equities opened lower after  Wall Street sell-off as Treasury yields eased amid continued upward pressure ahead of Jerome Powell’s speech on interest rate prospects.

  • S&P 500 futures up 0.1% from 9:20 a.m. Tokyo time. S&P 500 down 1.4%
  • Nasdaq 100 futures are up 0.0%.1 %. Nasdaq 100 down 2.2%
  • Hang Seng futures down 0.8%
  • Japan’s Topix down 0.7%
  • Australia’s S&P/ASX 200 down 1%.2%
  • Decline of 0.8% Witnessed in Euro Stoxx 50 Futures

 Crude Oil Prices

Crude oil prices fell slightly in early Asian trade on Friday, heading for a weekly decline as weak manufacturing activity weighed on the global demand outlook and the dollar remained stable buoyant.

 Stocks banned today F&O

1) Indiabulls Housing Finance

2) Delta Corp

3) GNFC

4) PNB

5) RBL Bank

6) India Cements

7) Metropolis

8) GMR Infra

9) Hindustan Copper

10 ) Manappuram Finance

11) BHEL

Prohibited securities in the F&O segment include companies whose shares have exceeded 95% of the market-wide position limit.

 FII/DII Share

Foreign investors in the portfolio remained net buyers for the second straight day at Rs.1,524 crore. DII also bought 5,796 crore worth of shares.

 rupiah

The rupee rose 14 paisas to  82.58 against the US dollar on Thursday, marking a third straight day of gains on falling oil prices and foreign money inflows.

 Macro News

Due to the further tightening of retail price inflation in July and August, according to the MPC minutes, the MPC emphasized the need to closely monitor the situation due to the threat of El Niño and erratic rains.

 

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top