Top 14 things to know before the market opens on 4th August 2022

In a volatile trading session, Indian equity benchmarks erased early losses and ended in green territory on Wednesday, amid continued foreign fund inflows and a largely positive trend in global markets.

Kunal Shah, Senior Technical Analyst, LKP Securities said Nifty Bank needs to take out 38,200 decisively to continue an uptrend towards 38,500-38,700 zone. “Breach of support at 37,500 will increase selling pressure in Nifty Bank towards 37,000,” Shah said.

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Indian Index

The Sensex was up 214.17 points 0.37% at 58,350.53 while the Nifty was up 42.70 points 0.25% at 17,388.15 at the close of trading on Wednesday. Sensex moved in high and low bands of 58,415.63 and 57,788.78. In the index, 18 stocks rose against 12 falling stocks. Nifty traded in the range of 17,407.50 and 17,225.85. In the index, 25 stocks rose against 25 stocks that declined.

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comprehensive index

The broader indices ended in the green with the BSE mid-cap index rising 0.60%, while the small-cap index was up 0.28%. On the sector front, IT grew by 1.28% and TECK by 1.13%, while Telecom declined by 1.26%, Capital Goods by 0.82%, Auto by 0.78%, Realty by 0.73%, Healthcare by 0.65%. There were decline indices on the BSE.

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India VIX Index

The Nifty or India VIX, a gauge of market’s expectation of near-term volatility, fell 0.43% to 18.45 on Wednesday.

support and resistance levels

The key support level for Nifty is placed at 17,273, followed by 17,159. If the index moves up, the key resistance levels to watch for as per the pivot chart are 17,455 and 17,522.

Read also | Coming week: RBI MPC meeting, impact of quarterly results on Sensex, Nifty

US market

The S&P 500 rose 63.98 points, or 1.56%, to 4,155.17.

The Dow Jones Industrial Average rose 416.33 points, or 1.29%, to 32,812.50.

The Nasdaq Composite ended 319.40 points, or 2.59%, higher at 12,668.16.

The Russell 2000 Index of Small Companies fell 26.48 points, or 1.41%, to 1,908.93.

asian market

Asian markets mostly closed with gains on Wednesday. The Nikkei 225 declined 0.53%, the Hang Seng 0.40%, the Kospi Composite 0.89% and the Shanghai Composite 0.71%.

Read also | Fear of recession grips US after economy shrinks in second quarter

European market

European markets closed mostly higher on Wednesday. France’s CAC 40 was up 0.97%, Germany’s DAX 1.03% and London’s FTSE 100 was up 0.49%.

major news headlines

RBI MPC meeting begins today; Analysts expect 50 bps interest rate hike

The three-day Monetary Policy Committee (MPC) meeting is scheduled to begin on August 3 and will be chaired by RBI Governor Shaktikanta Das and other MPC members. The MPC’s decision on bi-monthly monetary policy for FY 2013 will be made public on 5 August. The most pressing concern is inflation, which has risen to a multi-year high and is putting pressure on major central banks around the world to hike interest rates.

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The Reserve Bank of India began the rate hike cycle with a surprise 40-basis-point hike in the repo rate in May this year and a 50-basis-point hike in June. Currently, the central bank has increased the repo rate by 90 basis points, while the US Fed has increased its key rate by 225 basis points to fight rising inflation.

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Vodafone Idea Q1 results: Net loss narrows to Rs 7,297 crore

The telecom operator has reported a loss of Rs 7,296.7 crore for the quarter ended June 30, 2022, as compared to a loss of Rs 6,563.1 crore in the previous quarter following increase in interest and financing costs and EBIT loss. Revenue from operations grew 1.6% quarter-on-quarter to Rs 10,410.10 crore for the reported quarter. EBITDA declined 7% from the previous quarter to Rs 4,328.4 crore. EBITDA margin for the first quarter declined 380 basis points quarter-over-quarter to 41.6%.

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InterGlobe Aviation Q1 result: Net loss at Rs 1,064 cr, revenue up 328%

The aviation major reported a net loss of Rs 1,064.3 crore for the quarter ended June 30, 2022, down from a loss of Rs 3,174.2 crore in the same quarter of FY22 as the year-ago quarter was hit by the second Covid wave. Was. Revenue grew 327.5% to Rs 12,855.3 crore during the same period. The EBITDAR stood at Rs 716.9 crore with an EBITDAR margin of 5.6%, which improved significantly as compared to the negative EBITDAR of Rs 1360.2 crore with a negative EBITDAR margin of 45.2% in the year-ago period.

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Adani Wilmar Q1 result: Net profit up 10% to Rs 194 crore on higher sales

The company reported 10.2% year-on-year growth in consolidated profit at Rs 193.59 crore on string growth in the top line for the first quarter of FY 2023. Revenue grew 30.2% to Rs 14,731.62 crore during the same period, with total volumes growing 15% year-on-year to 1.19 MMT. EBITDA grew 14% year-on-year to Rs 496 crore.

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bulk deal data

Sixth Sense India Opportunities bought 1,50,000 shares of ADF Foods Limited at Rs 710.05 per share on NSE.

Yug Stocks & Commodities Pvt Ltd bought 1,00,000 shares in Agni Green Power Ltd at Rs 28.90 per share on NSE.

IndusInd Bank Ltd sold 8,01,168 shares in Agni Green Power Ltd at Rs 5.59 per share on NSE.

Norges Bank sold 31,63,054 shares in EPL Limited in the account of Government Pension Fund Global at Rs 168.02 per share on NSE.

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Ketan V Thakkar sold 23,80,000 shares in Indiabulls Housing Finance Limited at 118.76 per share on NSE.

Deepa Devi bought 50,663 shares in Kshitij Polyline Ltd at the rate of 43.34 per share on NSE.

Victus Enterprise LLP sold 2,15,000 shares in Likita Infrastructure Limited at Rs 284.30 per share on NSE.

Neeraj Rajinikanth Shah sold 3,70,812 shares of Moksha Jewelery Limited at 16.81 per share on NSE.

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DII and FII data

As per provisional data available on NSE, Foreign Institutional Investors (FIIs) bought net shares worth Rs 765.17 crore on August 3, while Domestic Institutional Investors (DIIs) sold shares worth Rs 518.42 crore.

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NSE F&O Banu

Escorts has been placed under F&O ban till 4th August. Securities in the embargo period under the F&O segment include companies in which the security has exceeded 95% of the market-wide position limit.

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