News
Global
Cisco Systems’ CEO discusses market gains and AI potential despite revenue forecast worries, boosting stock by over 2% during extended trading.
Minutes from the July FOMC meeting reveal divisions among officials over interest rate increases, with some favoring a pause while others support the hike to address inflation.
Kamakshya Trivedi of Goldman Sachs predicts continued strength of the US dollar, stable Indian rupee, and potential for a further interest rate increase by the Federal Reserve.
India
The government aims to accelerate electric vehicle adoption through battery swapping for affordability and accessibility.
India adopts a medium-term approach to managing inflation with measures like open market sales and special interventions.
Ola’s new electric scooters increase competition in the two-wheeler electric vehicle sector.
Anticipated block deal of 8.5% equity in Globus Spirits at around 975-985 per share.
Endurance Tech anticipates margin expansion, secures orders, and focuses on domestic growth, as per Ramesh Gehaney, ED & COO.
Som Distilleries & Breweries: Promoter Jagdish Kumar Arora bought 10,000 shares on Aug. 14.
Jindal Saw: Promoter Shradha Jatia bought 600 shares on Aug. 14.
Vimta Labs: Promoter Sujani Vasireddi sold 2,000 shares on Aug. 11.
IIFL Securities: Hamblin Watsa Investment Counsel sold 1.2 crore shares (3.9%), Theleme India Master Fund bought 80 lakh shares (2.6%), Zafar Ahmadullah bought 40 lakh shares (1.3%), and Aalidhra Textool Engineers bought 32 lakh shares (1%).
JSW Energy: Promoter entity JSW Investments sold 2.1 crore shares (1.3%) and GQG Partners EM Fund bought 1.7 crore shares (1%).
Adani Power: Worldwide Emerging Market Holding sold 4.65 crore shares (1.2%), Afro Asia Trade and Investments sold 26.5 crore shares (6.9%), GQG Partners EM Fund and Goldman Sachs GQG Partners International Opportunities bought 15.2 crore shares (3.9%).
Suven Pharmaceuticals: Alpha Alternatives MSAR sold 20.9 lakh shares (0.8%).
SH Kelkar and Co.: SH Kelkar Employee Benefit Trust sold seven lakh shares (0.5%).
InterGlobe Aviation: Shobha Gangwal sold a total of 1.15 crore shares (3%) in three tranches.
REC aims for substantial growth in FY24, including increased disbursals, renewable portfolio expansion, reduced losses, improved NIMs, higher yields, and a strong focus on NPA resolution.
Global Markets
| Country | Indices | Change% |
| US | DOW 30 | -0.52% |
| S&P 500 | -0.76% | |
| NASDAQ | -1.15% | |
| UK | FTSE | -0.44% |
| Germany | DAX | +0.14% |
| Japan | Nikkei 225 | -1.46% |
| China | Shanghai | -0.82% |
| Country | Futures | Change% |
| US | DOW 30 | +0.10% |
| S&P 500 | +0.13% | |
| NASDAQ | +0.18% | |
| UK | FTSE | -0.13% |
| Germany | DAX | -0.29% |
| IND | Gifty Nifty | -0.27% |
FTSE Opened Slightly gapped down then consolidated.
Indian Market
Morning
Nifty opened flat despite Gifty Nifty indicating a gap down of 50 points.
Slide down and broke 19400 level
Despite nifty sliding, Bank Nifty was looking strong in the first half.
After European Markets Opened
Nifty Consolidated around 19350 level
Bank Nifty consolidated around 43900 level
Institutional Data
| Cash Market | FII: - 1510.86 Cr | DII -313.97 | Bearish |
| Index Futures | +₹221.2 Cr | Bullish | |
| Index Options Day Activity | Net Call: -28,102 Qty | Net Put: 46,964 Qty | Bearish |
| Index Options Overall | Net Calls: 2.54L | Net Put: 3.7L | Bearish |
| PCR | 0.71 | Bullish | |
Market Outlook For Tommorrow
As mentioned earlier we can only expect a big move once nifty breaks 19300 on the downside or closes above the trendline on the upside.
Plan sideways until nifty in the range of 19300 – 19500
Banknifty broke the head and shoulder pattern
As tomorrow is Friday ATM sum will be good enough, We can plan bearish to sideways trade-in bank nifty
Today Trading Activity
Entered into the market with a Bearish view due to global factors and Gift Nifty indicated.
Waited till 19400 level to broke, and taken 19350 straddle.
The market was very calm in the second half and decay was good. made 1% profit on capital deployed.