Nifty last close: 24055.60 (-2.65%)
The Indian markets plunged more than 3 percent intraday on August 5
Driven by weak global sentiments led by potential US recession worries
After disappointing job data, manufacturing PMI, and jobless claim
Sensex was down 2,222.55 points or 2.74 percent at 78,759.40
Nifty was down 662.10 points or 2.68 percent at 24,055.60
Biggest Nifty losers were Tata Motors, Adani Ports, ONGC, Hindalco, Tata Steel
while gainers included HUL, Nestle, Tata Consumer, HDFC Life
All the sectoral indices ended in the red with auto, metal, capital goods, oil & gas, power, media, realty down 4 percent each
Midcap index shed 3.6 percent and Smallcap index fell 4.2 percent
VIX rose 60% to 22 closing 45% to 20
FIIs sold equities worth Rs 10078 crore on August 5
while domestic institutional investors bought equities worth Rs 9,155 crore on the same day
US stocks ended with steep losses on Monday
Nasdaq and S&P 500 down at least 3 percent each
Dow lost 2.60% and US VIX up 65% to 38.50
Gold prices fall below $2400/oz
Dollar index sustains below 103
Brent crude sustains $75/bbl
US 10-year yield sustains below 4%
Asian markets set for gap up opening
Nikkei up 9% and erased the all losses on Monday
GiftNifty indicates a positive opening for the index
Nifty is facing a intraday resistance 24130 and 24200
If stays above 24200 will try to move 24280-24350
On other side, Nifty considering a supports 24000 and 23930-23890
Below the levels expecting more sell-off up to 23750
Updated: 09.02 am / 06th Aug 2024
