Market Outlook: Indian markets may have flat to neutral opening today on the back of mixed performance on the global peers. Nifty has supports at 4450-4500 & resistances are at 4600-4650. We now are near to F&O expiry and the direction is still unclear at the zone of resistance but a big move is a possibility so a caution on trading. We advice short term traders should book profit and wait for dips to enter again.
Nifty Outlook: Pivot Point: 4564
R1: 4599, R2: 4635, R3: 4670
S1: 4528, S2: 4493, S3: 4458
Results today: Reliance Power, RNRL, Hero Honda, Tata Steel, Sterlite, Sesa Goa, Jindal Steel, Cairn India, Cipla, Sun Pharma, HPCL, PNB, Adhunik Metaliks, Aditya Birla Nuvo, Agro Tech Foods, Alok Ind, Archies, Aro Granite, Ashapura Minechem, Balaji Telefilms, Bharat Bijlee, Birla Cotsyn, Corporation Bank, Cummins, D-Link, EID Parry, Elder Pharma, Firstsource, Future Capital, GIC Housing, GSK Consumer, Godrej Industries, Great Offshore, HDIL, Heidelbergcement, Hexaware, Hindustan Dorr, HOEC, Indraprastha Gas, IOB, IRB Infra, ITI, IVR Prime, IVRCL Infra, JM Financial, Karuturi, Lanco Infratech, Lupin, Mahindra Forgings, Mahindra Holidays, Matrix Labs, MRO-TEK, NIIT, NIIT Tech, Nirma, NMDC, NOCIL, Noida Toll, Power Grid, Rain Commodities, SCI, Shopper’s Stop, Sobha Developers, Subex, Sun TV, Tata Elxsi, Torrent Pharma, Tube Investments, Tulip Telecom, Ucal Fuel, United Spirits, Usha Martin, Varun Shipping, West Coast Paper, Zicom Electronic, Zodiac Clothing
On the global front: Wall St ends mixed; July consumer confidence down to 46.6 & Asian markets trading lower; Hang Seng down. The US markets ended mixed after trading in negative territory for most of the session. The Dow Jones and S&P 500 finished marginally lower while the Nasdaq managed a modest close in the green. Fresh batch of disappointing earnings dampened sentiment. On the economic front, markets struggled after a report that the July consumer confidence fell to 46.6. It was the second straight drop. The sentiment was also weak due to escalating unemployment concerns. This overshadowed news that home prices in May; posted their first monthly increase in nearly three years, indicating that prices may finally be stabilising. The Dow was down 11.79 points, or 0.1%, to 9,096.72. The S&P 500 index fell 2.56 points, or 0.3%, to 979.62. The Nasdaq Composite Index rose 7.62 points, or 0.4%, to 1,975.51.
Stocks in action for the day : RIL, RPL, JSL, L&T, Adlabs, Kingfisher
RIL-RPL Update -Shareholders oppose RIL-RPL merger -Verdict on shareholder appeal on August 3 -Minority shareholders unhappy with swap ratio 16:1 -Minority shareholders say valuation not fair
Adani Power IPO update: -Overall subscribed nearly 4 times -QIP part subscribed 7.45 times -NII subscribed 2.11 times, retail 0.05 times
Vijay Mallya says -Kingfisher's total debt at Rs 6,000 crore -Mulling rights, depository issues for fund raising
UGC cancels Rs 250 crore e-governance Project -Project bagged by TCS was retendered in June-end
JSL: -To raise up to $150 million via overseas equity-linked issue -To raise up to Rs 750 crore via QIP
IRDA Sources Say: -L&T & Travelers Insurance JV falls through -L&T to enter non-life space as standalone company -L&T yet to get regulatory approval for non-life foray
Index changes from July 31: : -PTC India to replace Adlab Films in BSE 200
-Dhanalakshmi Bank to replace Adlab Films in BSE 500 -Adlab Films to be removed from BSE midcap, tech indices
Wockhardt to divest nutrition businesses to Abbott for $130 million ((includes Farex, Protinex brands))
L&T unit files prospectus for bond issue up to Rs 1000 crore
Gujarat Gas board approves bonus issue ((quantum not given))
3i Infotech board approves issue of securities ((quantum not given))
Aban, Suzlon come out of NSE F&O curb
F&O cues: Futures Open Int up by Rs 1171 cr
Futures Open Int up by Rs 1171 crore and Options Open Int up by Rs 789 crore
Nifty July Futures shed 26.7 lakh shares in Open Int
Nifty Aug Futures add 41.4 lakh shares in Open Int
Nifty Aug Futures at 10-pt premium versus 11-pt premium
Nifty IVs at 34-37%
Nifty Open Int Put Call Ratio remains at 1.31
Nifty Puts add 7.7 lakh shares in Open Int
Nifty Calls add 6.2 lakh shares in Open Int
Nifty August 4500 Put adds 3.75 lakh shares in Open Int
Nifty August 4600 Put adds 3.4 lakh shares in Open Int
Nifty July 4600 Call adds 3.4 lakh shares in Open Int
Nifty August 4600 Call adds 2.6 lakh shares in Open Int
Nifty Outlook: Pivot Point: 4564
R1: 4599, R2: 4635, R3: 4670
S1: 4528, S2: 4493, S3: 4458
Results today: Reliance Power, RNRL, Hero Honda, Tata Steel, Sterlite, Sesa Goa, Jindal Steel, Cairn India, Cipla, Sun Pharma, HPCL, PNB, Adhunik Metaliks, Aditya Birla Nuvo, Agro Tech Foods, Alok Ind, Archies, Aro Granite, Ashapura Minechem, Balaji Telefilms, Bharat Bijlee, Birla Cotsyn, Corporation Bank, Cummins, D-Link, EID Parry, Elder Pharma, Firstsource, Future Capital, GIC Housing, GSK Consumer, Godrej Industries, Great Offshore, HDIL, Heidelbergcement, Hexaware, Hindustan Dorr, HOEC, Indraprastha Gas, IOB, IRB Infra, ITI, IVR Prime, IVRCL Infra, JM Financial, Karuturi, Lanco Infratech, Lupin, Mahindra Forgings, Mahindra Holidays, Matrix Labs, MRO-TEK, NIIT, NIIT Tech, Nirma, NMDC, NOCIL, Noida Toll, Power Grid, Rain Commodities, SCI, Shopper’s Stop, Sobha Developers, Subex, Sun TV, Tata Elxsi, Torrent Pharma, Tube Investments, Tulip Telecom, Ucal Fuel, United Spirits, Usha Martin, Varun Shipping, West Coast Paper, Zicom Electronic, Zodiac Clothing
On the global front: Wall St ends mixed; July consumer confidence down to 46.6 & Asian markets trading lower; Hang Seng down. The US markets ended mixed after trading in negative territory for most of the session. The Dow Jones and S&P 500 finished marginally lower while the Nasdaq managed a modest close in the green. Fresh batch of disappointing earnings dampened sentiment. On the economic front, markets struggled after a report that the July consumer confidence fell to 46.6. It was the second straight drop. The sentiment was also weak due to escalating unemployment concerns. This overshadowed news that home prices in May; posted their first monthly increase in nearly three years, indicating that prices may finally be stabilising. The Dow was down 11.79 points, or 0.1%, to 9,096.72. The S&P 500 index fell 2.56 points, or 0.3%, to 979.62. The Nasdaq Composite Index rose 7.62 points, or 0.4%, to 1,975.51.
Stocks in action for the day : RIL, RPL, JSL, L&T, Adlabs, Kingfisher
RIL-RPL Update -Shareholders oppose RIL-RPL merger -Verdict on shareholder appeal on August 3 -Minority shareholders unhappy with swap ratio 16:1 -Minority shareholders say valuation not fair
Adani Power IPO update: -Overall subscribed nearly 4 times -QIP part subscribed 7.45 times -NII subscribed 2.11 times, retail 0.05 times
Vijay Mallya says -Kingfisher's total debt at Rs 6,000 crore -Mulling rights, depository issues for fund raising
UGC cancels Rs 250 crore e-governance Project -Project bagged by TCS was retendered in June-end
JSL: -To raise up to $150 million via overseas equity-linked issue -To raise up to Rs 750 crore via QIP
IRDA Sources Say: -L&T & Travelers Insurance JV falls through -L&T to enter non-life space as standalone company -L&T yet to get regulatory approval for non-life foray
Index changes from July 31: : -PTC India to replace Adlab Films in BSE 200
-Dhanalakshmi Bank to replace Adlab Films in BSE 500 -Adlab Films to be removed from BSE midcap, tech indices
Wockhardt to divest nutrition businesses to Abbott for $130 million ((includes Farex, Protinex brands))
L&T unit files prospectus for bond issue up to Rs 1000 crore
Gujarat Gas board approves bonus issue ((quantum not given))
3i Infotech board approves issue of securities ((quantum not given))
Aban, Suzlon come out of NSE F&O curb
F&O cues: Futures Open Int up by Rs 1171 cr
Futures Open Int up by Rs 1171 crore and Options Open Int up by Rs 789 crore
Nifty July Futures shed 26.7 lakh shares in Open Int
Nifty Aug Futures add 41.4 lakh shares in Open Int
Nifty Aug Futures at 10-pt premium versus 11-pt premium
Nifty IVs at 34-37%
Nifty Open Int Put Call Ratio remains at 1.31
Nifty Puts add 7.7 lakh shares in Open Int
Nifty Calls add 6.2 lakh shares in Open Int
Nifty August 4500 Put adds 3.75 lakh shares in Open Int
Nifty August 4600 Put adds 3.4 lakh shares in Open Int
Nifty July 4600 Call adds 3.4 lakh shares in Open Int
Nifty August 4600 Call adds 2.6 lakh shares in Open Int
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