Nifty last close: 19646.05 (-0.1%)
The market saw reversal of gains for the first time in last five weeks
On weekly basis, Nifty50 shed 0.50 percent or 99 points to close at 19,646
Sensex lost 0.78 percent or 524.06 points to end at 66,160.20
Mid-cap Index gained 2% & Small-cap index added 1%
Large-cap Index fell 0.22%, Nifty Realty index gained 5%
Nifty Pharma index 4.8% , Nifty Healthcare index 4.3%
While Nifty Bank, IT and FMCG shed 1 percent each
FIIs sold equities worth Rs 3,074.71 crore
While DIIs bought equities worth Rs 5,233.79 crore during the week
In this month so far, FII bough equities worth Rs 14,623.18 crore and DII sold equities worth Rs 3,672.40 crore
US markets ended positive note on Friday
Dow gained 0.5%, Nasdaq added 1.9% and S&P500 rallied 1%
US VIX fell 10% to 13.3
Procter & Gamble rises nearly 3% better than expected earnings reports
US 10-year yield slides to 3.95%
Brent crude near 3-month highs over expectation of UAE extending output cuts
Gold prices rise above $1950/oz
Dollar index hoverd around 101.70
China July Manufacturing PMI at 49.3 vs estimate of 48.9
Asian markets higher in early trade
Nikkei up 1.5% and Hangseng up nearly 2%
GiftNifty indicates a positive opening for the index
Nifty weekly trend decider 19900 and 19550
Today Nifty is facing a intraday resistance 19670, 19685 and 19720
If breaks and manages above 19720 finding a next support around 19770
On flip side, Nifty can be considered as supports as 19610 and 19570
Below 19570 finding a next support around 19520
UpdateD: 08.40 am / 31st July 2023
