Spread the love
While Resistance moves up to 12,003 and support is at 11,817.

Markets stayed flat today Nifty opened at 11,958.55 while market stayed flat today accompanied with a huge dip during the afternoon hours while closing at 11,937 +40.85 (0.34%),making a day high at 12,018 while day low was placed at 11,775.While for sensex the opened at 40767 making a day high at 40,976 while day low was at 40,150 support at 40,295 resistance at 40,926.

Key Support And Resistance Levels 

IndexResistance R2Resistance R1Support S1Support S2
Nifty 5012060.812003.511817.911760.6
Sensex41121.540926.640295.940101.1

Gainers and Losers 

While The Top Gainers For The Day Were Powergrid,Bharti Airtel & Tata Steel while the top losers were Britannia & TCS 

While SBI and ICICI Bank were the top movers in terms of volume.To get all the market insights visit Market Dashboard.

FII & DII 

F.I.Is were net position bullish today which has been consistent for the last 3 days making a net move of +2108.48 Cr while D.I.I.s maintained a Bearish Net position of -1633.33 Cr which was (-0.10) Cr less from yesterday.

 F.I.I & D.I.I Data 

Sector’s That Moved 

The sector that moved the most today was Nifty Reality which was up by 4.36% followed by Nifty Metal which stayed at 2.23% while the top losing sector was Nifty FMCG which lost some of the progress it made yesterday -0.94% while Nifty Media which was a gainer tomorrow made a down move by -0.61.

Bulk Deals 

Some of the major bulk deals were made in Jumpnet, Justdial and Sigma for more bulk deals visit.

Bulk Deals.

Top News:

National 

  • Larsen & Toubro has won ‘large’ contracts of Construction business for its various orders
  • worth Rs2500-5000cr
  •  Lasa Supergenerics announced that it has been granted ex parte interim relief from the
  • commercial division of the Bombay High Court. The relief granted to the company will
  • protect and strengthen its research and confidential information and its position in the
  • ‘Benzimidazole derivatives’ market
  •  TCS Bancs gets deal from Myanmar based Insurer KBZ for cloud and Strategic partnership
  • with University of Tokyo
  •  SBI announced concession in home loan rates by as high as 25 basis points, ahead of the
  • festive season. The bank will offer interest concessions up to 20 basis points for loans
  • above Rs 75 lakh.
  •  Raymond has approved the issue of Non-Convertible Debentures for a sum of Rs 100
  • crore. It has also approved the issue of commercial papers for an amount of Rs 50 crore.
  •  Bajaj Finance Q2 net profit Rs965cr(down 36% YoY), NII Rs4165cr (down 4% YoY) , 
    1. 0.37% VS 0.5% (QoQ), Provision coverage ratio 64% vs 65%, GNPA 1.03% vs 1.40% (QoQ),
    2. Covid related provision Rs1310cr, Provision Rs1700cr vs Rs594cr, Bajaj Finance says Rs290cr
    3. NPA roll back to standard in Q2
    4.  Colgate Q2 domestic volume growth of 3% YoY in 2QFY21. Net sales grew 5.2% YoY
    5. toRs1290c, EBITDA grew 26.7% YoY to Rs410c. Adj. PAT grew 12.3% YoY to Rs270cr.
    6.  UltraTech Cement Q2 Conso volumes grew 7% YoY (+37% QoQ) to 20.1mt, Realisation
    7. declined by 1% QoQ (flat YoY) to INR5,162/t, Q2 Net profit Rs1235cr (up 114% YoY), volume
    8. growth 7%, EBITDA margin 26% vs 19.9%, one time loss Rs335.7cr, Income Rs10354cr (up
    9. 7.6% YoY) and EBITDA Rs2695cr (up 40.5% YoY)

International News 

  • European stocks edged lower as earnings reports gave a mixed picture of corporate health,
  • while investors awaited progress on U.S. stimulus talks. FTSE, CAC and DAX Index declined
  • 1% each.
  •  Asian stock markets were mixed trade as investors continue to watch for developments
  • on U.S. coronavirus stimulus talks. Both Nikkei and Hong Kong Index gained 0.3% and 0.7%
  • respectively while China Index declined
  • US Data:
  •  Mortgage application – Previous (-0.7%)
  • Commodity:
  •  Oil dropped 1% to below $43/bbl barrel after an industry report pointed to a surprise
  • increase in American crude stockpiles, countering optimism over a potential U.S. stimulus

Leave a Reply

Translate »