News
Global
On August 28, the Chinese government released the “2023 Edition of the Standard Map of China.” This map reaffirms China’s claim over the complete territory of Arunachal Pradesh and the Aksai Chin region, depicting both areas as within China’s borders.
India
Chemical dealers say price hike expected in most products from 1st September
Deepak Nitrate has hiked prices of majority of its products by 10% as of today itself as per chemical dealers
Tata Chemicals: Share Price Live Updates: Tata Chemicals Sees 3.07% Increase in Price Today, 3M Returns at 9.84%
Unicorn Founder: Currently under investigation for alleged $50 million tax evasion in India. Maheshwari is accused of avoiding taxes on certain transactions. Investors in FirstCry are also being questioned regarding this issue (Bloomberg).
Tata Power: Has signed a Power Delivery Agreement for a 4.4 MW AC group captive solar plant, as per an exchange filing.
For Tata Steel: Another important factor to monitor is the potential financial support from the UK Government for its operations in the UK.
MARUTI AGM Today: Shareholders will vote on the proposal to issue shares to Promoters Suzuki in exchange for their stake in the Gujarat Plant.
ADANI ENTERPRISES: It is unlikely that the Supreme Court will hear the Adani case today, according to sources from CNBC.
BHARTI AIRTEL: Airtel Uganda is planning its largest IPO. Airtel Uganda intends to hold an Initial Public Offering for a 20% stake on the Uganda Securities Exchange, as reported by Telecom Talk.
On August 29, 2023, Rakesh Talwar, a member of the Promoter Group, conducted a disposal of 1,800 equity shares of Talbros Engineering Ltd. The sale, which occurred on the 28th of August 2023, accounted for 5.34% of the company’s total shares, amounting to 271,252 shares. This transaction resulted in a marginal decrease of 0.04% in the overall ownership.
On August 29, 2023, Balkrishna Shah, a designated person, carried out a disposal of 62 equity shares of AIA Engineering Ltd. The transaction took place on August 28, 2023, involving 36,310 shares, which represented 0.04% of the company’s total shares. This action resulted in an insignificant change of 0.00% in the overall ownership.
SJVN: In a substantial trading activity, a total of 11 lakh shares were exchanged.
Bharti Airtel: Witnessed a notable change of 0.2% equity in a large trade where 95.5 lakh shares were traded at Rs 860.95.
On August 28, 2023, Multiplier Share & Stock Advisors Private Limited conducted a bulk purchase of 1,000,000 shares of Antarctica Ltd. on the NSE at a price of 0.87 INR per share. This transaction accounted for 0.65% of the company’s holdings.
On August 28, 2023, Graviton Research Capital LLP executed a bulk purchase of 756,639 shares of Atul Auto Ltd. on the NSE at a price of 507.32 INR per share. This acquisition represented 2.90% of the company’s ownership.
Global Markets
| Country | Indices | Change% |
| US | DOW 30 | +0.62% |
| S&P 500 | +0.63% | |
| NASDAQ | +0.84% | |
| UK | FTSE | +0.07% |
| Germany | DAX | +1.03% |
| Japan | Nikkei 225 | +1.73% |
| China | Shanghai | +1.13% |
| Country | Futures | Change% |
| US | DOW 30 | +0.01% |
| NASDAQ | +0.02% | |
| S&P 500 | +0.01% | |
| UK | FTSE | +1.5% |
| Germany | DAX | +0.3% |
| India | Gifty Nifty | +0.15% |
FTSE opened the gap up and continued to rally, but our market has not responded to FTSE
Indian Market
Morning
The market opened with a slight gap. Nifty opened 30 gap up and Bank Nifty opened around 80 point gap up.
Nifty was consolidating in a range and Bank Nifty slowly moved down initially and started consolidating
After European Markets Opened
In the afternoon both nifty and bank nifty continue to consolidate in the range. Around 2:10 nifty and banknifty show some volatility. Nifty moved 50 points down and recovered within the day close.
Institutional Data
| Cash Market | FII: -₹1,393.3 Cr | DII: +₹1,264.0 Cr | Bearish |
| Index Futures | +₹674.5 Cr | Bullish | |
| Index Options Day Activity | Net Call: 1.16L | Net Put: -6.4k | Bullish |
| Index Options Overall | Net Calls: 2.42L | Net Put: 3.99L | Bearish |
| PCR | 0.83 | Mixed | |
Market Outlook For Tommorrow
Today’s day high and low look like a crucial level for nifty.
Tomorrow if nifty breaks its day high we can expect momentum till 19450, There is a room of around 80 points available.
If Nifty is breaking the day low then Nifty has immediate crucial support of 19230 the last swing low.
Bank Nifty is trading between the major key levels. At the top, we have 44950 and at the bottom, we have 44000.
In the coming days, these 2 levels are going to act as important key support and resistance for Bank nifty.
Today Banknifty consolidated in a range. So if tomorrow’s market opens inside today’s range and breaks today’s high and low, then we can expect some momentum till the major level that I mentioned above.
Today Trading Activity
Entered into sideways view, deployed 19800 straddle in Finnifty
Around 1 p.m. exited from Finnifty Straddle and took 19350 straddle in Nifty
Made 1.2% on capital Deployed