Nifty last close: 19597.30 (+0.4%)
The equity indices started the week on a positive note and ended higher for the second consecutive session on August 7
Nifty was opened 19575 and dropped to 19525 then spiked to 19620
Nifty was up 80.30 points or 0.41 percent at 19,597.30
Sensex was up 232.23 points or 0.35 percent at 65,953.48
Divis Lab, M&M, SBI Life, LTIMindtree and Adani Ports were among the top gainers on the Nifty
While the top losers were Britannia, Tata Motors, Bajaj Auto, SBIN and Axis Bank
Healthcare and information technology indices were up 1 percent each
while the realty index added 0.5 percent. However, the PSU Bank index fell 0.6%
Midcap index closed the day with 0.5 percent gain and smallcap index was also up by 0.25%
FTSE to implement upweight of HDFCBank in three tranches starting Sept
FIIs net sold 1892 crore while DIIs net bought 1080 crore on 8th Aug
US markets ended higher on Monday
Dow gained 1.15%, Nasdaq added 0.6% and S&P500 rallied 0.90%
US VIX down 8% to 15.75
Dovish comments from Fed governor Willims
US 10-year yield sustained 4.05%
Crude rises around $86/bbl
Dollar index sustained 102.20
Asian markets mixed in early trade
Hangseng falles nearly 2% and Nikkei up 0.5%
Giftnifty indicates a negative opening for the index
However, Nifty is facing a intraday resistance 19615, 19630 and 19660
Stay caution at higher levels!!
On flip side, Nifty can be considered as supports as 19570 and 19540
Below 19540 finding a next support around 19490
Updated: 08.47 am / 08th Aug 2023
