The Nifty futures on the Singaporean Exchange were trading around 15,736 levels, up 125 points, indicating that the Indian stock market is expected to open in the green. The BSE Sensex sank 354.89 points to 52,198.51, while the Nifty50 dropped 120.30 points to 15,632.10, forming a bearish candle on the daily charts due to the closing levels being lower than the opening levels.
The major support levels for the Nifty are 15,564.23, followed by 15,496.37, according to pivot charts. The major resistance levels to watch if the index rises are 15,714.23 and 15,796.37.
We’ve compiled a collection of noteworthy headlines from various news outlets that could have an influence on Indian and international markets:
US Markets: Wall Street stocks rose for the second day in a row on Wednesday, fueled by strong company earnings and renewed optimism about the US economic recovery. The Dow Jones Industrial Average increased by 286.01 points, or 0.83 percent, to 34,798, the S&P 500 increased by 35.63 points, or 0.82 percent, to 4,358.69, and the Nasdaq Composite increased by 133.08 points, or 0.92 percent, to 14,631.95.
Markets in Asia: Asia-Pacific stocks were higher in early Thursday trade, despite Japan’s markets being closed for the holiday. The Hang Seng index in Hong Kong was among the top gainers in the region, jumping 1.19 percent in early trade. Taiwan’s Taiex also increased by 1.01 percent.
SGX Nifty Index: The SGX Nifty is showing signs of a gap-up opening in India, with a gain of 125 points. Around 07:30 IST, the Nifty futures were trading at 15,736 on the Singaporean Exchange.
On Tuesday, the Asian Development Bank (ADB) lowered India’s economic growth prediction for the current fiscal year to 10% from 11% earlier this year, citing the negative impact of the coronavirus outbreak as the main reason.”Early indications show that economic activity has soon resumed following the relaxation of containment measures. The growth forecast for FY2021 (ending March 2022), which has been reduced from 11% in ADO 2021 to 10%, incorporates considerable base effects “It was stated. In April, the ADO was issued. Meanwhile, increased oil and commodity prices have raised the inflation prediction for Asia and the Pacific this year to 2.4 percent, up from 2.3 percent in April. The forecast for 2022 stays at 2.7 percent, according to the report.
SEBI releases a framework for segregation and collateral monitoring at the client level.
In response to incidents of trading members misusing client collateral, the markets regulator SEBI released a framework for segregation and monitoring of collateral at the client level on Tuesday. It has also put in place a reporting structure that will include disaggregated data — segment-by-segment and asset type-by-asset-type.
Anand Rathi Wealth files IPO documents with the Securities and Exchange Board of India (SEBI).
Anand Rathi Wealth Ltd, a subsidiary of Mumbai-based financial services firm Anand Rathi, has filed preliminary paperwork with capital markets regulator SEBI to raise funds through an initial public offering (IPO). The draught red herring prospectus (DR) for the initial public offering (IPO) is fully an offer for sale of 1.2 crore equity shares by promoters and existing shareholders.
The F&O embargo for July 22 affects six stocks: Cadila Healthcare, Canara Bank, Indiabulls Housing Finance, NALCO, NMDC, and Sun TV Network. Companies in the F&O category that have crossed 95 percent of the market-wide position limit are included in the securities in the ban period.
Data from the FII and DII
According to provisional data available on the NSE, foreign institutional investors (FIIs) net sold shares worth Rs 2,834.96 crore on July 20, while domestic institutional investors (DIIs) net acquired shares worth Rs 873.14 crore.
The F&O embargo for July 22 affects six stocks: Cadila Healthcare, Canara Bank, Indiabulls Housing Finance, NALCO, NMDC, and Sun TV Network. Companies in the F&O category that have crossed 95 percent of the market-wide position limit are included in the securities in the ban period.
