News
Global
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China’s central bank cuts one-year lending rate unexpectedly by 10 basis points to 3.45%.
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Five-year rate holds at 4.2%, causing uncertainty about addressing a property slump.
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Despite positive indicators, Federal Reserve remains cautious; investors doubt inflation control.
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Global bond yields rise as central banks question optimal rates; economic uncertainties loom.
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BRICS bloc considers expansion; grievances about global imbalance; over 40 countries interested.
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Current members aim to champion the “Global South”; despite the lack of outcomes, BRICS’ aspiration resonates.
India
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HSBC maintains a Hold rating for ITC with an increased target price of Rs 450, highlighting its core appeal of yield and growth.
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Titan’s acquisition of CaratLane is seen as a value-creation opportunity with an omni-channel presence, financed partly with cash and debt.
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BHEL gains 2% as it secures a Rs 4,000 crore order to supply power equipment for Mahan Energen’s 2×800 power project.
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L&T secures a significant contract for creating and delivering modules for Perdaman Industries’ large urea plant in Australia.
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M&M’s shares fall over 1% as it announces the inspection of over 1.08 lakh XUV vehicles for potential risks to ensure safety.
Greaves Cotton: Promoter Karun Carpets acquired 43,389 shares on August 18.
Paisalo Digital: Promoters Equilibrated Venture Cflow, PRO Fitcch, and PRI CAF purchased 1.5 lakh shares each on August 18.
GMM Pfaudler: Promoter Pfaudler sold 61 lakh shares on August 18.
Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes sold over 35,526 shares in two tranches between August 16 and 17.
GMM Pfaudler: Geranium Investments, Atreides Investments BV, and Infinity Partners acquire shares at Rs 1,350-1,352.1 each in a significant share sale.
Jaiprakash Associates: Prarthana Enterprises sells 0.6% of shares, while Jainam Share Consultants purchase the same percentage at Rs 7.96 each.
Sterling and Wilson Renewable Energy: Khurshed Yazdi Daruvala sells 0.5% shares at Rs 345.04 each.
Concord Biotech: Norges Bank buys 0.9% shares at Rs 900.05 each.
Shriram Properties: Sammys Dreamland sells 0.6% shares at Rs 73.46 each
Global Markets
| Country | Indices | Change% |
| US | DOW 30 | +0.07% |
| S&P 500 | -0.01% | |
| NASDAQ | -0.2% | |
| UK | FTSE | -0.65% |
| Germany | DAX | +0.65% |
| Japan | Nikkei 225 | -0.55% |
| China | Shanghai | -1.0% |
| Country | Futures | Change% |
| US | DOW 30 | +0.27% |
| S&P 500 | +0.56% | |
| NASDAQ | +0.40% | |
| UK | FTSE | +0.12% |
| Germany | DAX | -0.01% |
| India | Gifty Nifty | +0.32% |
FTSE Opened flat and started moving up.
Indian Market
Morning
The market opened slightly gap up, around 10 AM day low is taken out due to a lower circuit in Jio FS.
The market recovered from the day low taking 19300 as support, and moved slowly and steadily upside.
After European Markets Opened
Nifty continued to sustain above the day high after the European Market opened.
Institutional Data
| Cash Market | FII: -₹267.0 Cr | DII: +₹339.2 Cr | Bullish |
| Index Futures | +₹1,071.1 Cr | Bullish | |
| Index Options Day Activity | Net Call: 27,377 Qty | Net Put: - 61,557 Qty | Bullish |
| Index Options Overall | Net Calls: 1.97L | Net Put: 2.84L | Bearish |
| PCR | 1.01 | Mixed | |
Market Outlook For Tommorrow
The global scenario looks bearish, On Monday flat to gap down opening, we can take bearish trade
If Gap up above 19300, we can plan bullish trade.
For Bank Nifty major resistance is the neckline.
For Bank Nifty structure looks more bearish than Nifty in the daily time frame
We can plan sideways trade in bank nifty
Today Trading Activity
Entered In the morning in Bank nifty 43900 straddle with the slightly bearish view
After that Bank Nifty break day high made some adjustments in the position.
Even though the view went wrong, it ended up slightly green around 0.3 % positive.
Today options premiums are very low.