Nifty last close: 24139 (-0.85%)
Benchmark indices, Nifty and Sensex plummetted on August 13
Extending losses for the second straight session after all sectoral indices witnessed profit booking
At close, the Sensex was down 692.89 points or 0.87 percent at 78,956.03
Nifty was down 208.00 points or 0.85 percent at 24,139.00
HDFC Bank was in focus during the session after tanking over 3 percent
This comes after the latest MSCI rejig announcements. India’s largest private sector lender
Following the drop in the market, the mid and small cap index fell over a percent each
Among sectors, the Nifty Metal and Nifty Bank were the top laggards as both slipped well over 1%
The Realty, Auto, Energy, and FMCG followed next, all shedding a percent each
India’s volatility index shot up nearly 3 percent to the 16.2 level
Bajaj Auto likely to increase capacity for CNG motorcycle to 20,000 per month by September-October
54th GST Council Meeting will be held on September 9 in New Delhi
FIIs extended their selling as they sold equities worth Rs 2107 crore on August 13
while domestic institutional investors bought equities worth Rs 1239 crore on the same day
US markets ended higher on Aug 13
US July PPI at 2.2% YoY vs estimate of 2.6%
Core PPI at 2.4% vs estimate of 3%
Market rallied after the good numbers
Dow gained 1%, Nasdaq rallied 2.43% and S&P500 added 1.68%
Investors closely watching CPI date due on Wednesday for more rate cut
Starbucks rises 24% after the company replaces CEO
US 10-year yield slips below 3.9%
Crude price fall around $80/bbl
Gold prices fall near $2460/oz
Dollar index below 102
Asian markets were set to slightly lower opening
Nikkei down 0.2% and Hangseng down 0.2%
GiftNifty indicates a positive note for the index
Nifty is facing a intraday resistance 24175 and 24200
If stays above 24200 will try to move 24260
On flip side, Nifty considering a supports 24100 and 24060
Below 24060 finding a next support around 23980
Updated: 08.48 am / 14th Aug 2024
