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Tue, 30 Jul 2024
Global Indices As of Today at 7:12 am in the Morning
Name LTP Change Change %
GIFT Nifty Asia 24,870.5 -82.0 -0.33%
Dow Jones US 40539.93 -49.41 -0.12%
Nasdaq US 17370.2 +12.32 +0.07%
S&P 500 US 5463.54 +4.44 +0.08%
Hang Seng Asia 17109.72 -128.62 -0.75%
Nikkei 225 Asia 38297.23 -171.40 -0.45%
KOSPI Asia 2746.72 -18.81 -0.68%
FTSE 100 Europe 8292.35 +6.64 +0.08%
Indian Indices As of Most Recent Market Close
Sensex 81355.84 +23.13 +0.03%
Nifty 50 24836.1 +1.25 +0.01%
Nifty Bank 51406.25 +110.30 +0.22%
India VIX 12.95 +0.70 +5.70%
Pre-Market Pulse [Link] 01
Market Bulletin
Sensex and Nifty 50 are expected to open lower on Tuesday
following weak sentiment in global markets
Asian markets traded lower, impacted by the upcoming
monetary policy decisions from the US Federal Reserve and
the Bank of Japan. Japan’s Nikkei 225 and Topix both declined,
while South Korea’s Kospi and Kosdaq also fell
US stock indices ended mostly lower on Monday. The Dow
Jones Industrial Average dropped slightly, while the S&P 500
and Nasdaq Composite posted modest gains. Key stocks like
Tesla and McDonald’s saw notable increases, while Coinbase
Global and other crypto-related stocks fell
On Monday, the Indian stock market’s benchmark indices
ended the day nearly flat. The Sensex closed at 81,355.84, up
23.12 points, and the Nifty 50 ended at 24,836.10, just short of
the 25,000 mark
Crude oil prices fell to a seven-week low on weak demand
outlook
Dollar held steady ahead of major global policy decisions, with
the dollar index at 104.56
Japan’s unemployment rate fell to 2.5% in June
IOC, Varun Beverages, GAIL, Macrotech, Tata Consumer
among 91 companies will announce their first quarter results
on Tuesday
Securities in ban period: India Cements
Pre-Market Pulse [Link] 02
Technical Analysis
50 Nifty
Nifty came extremely close to 25,000, reversing from
24,999.8
Experienced a significant drop of 170 points, closing at nearly
the same level as Friday
Major contributors like Reliance Industries and L&T couldn't
sustain the index at higher levels due to banking stock sell-
offs
Immediate support levels are 24,620 and 24,500
Resistance levels are 25,065 and 25,340
Near-term uptrend remains intact with possible choppy moves
or minor dips.
Bank Nifty
Ended higher but corrected nearly 900 points from the day's
highs
Formed a shooting star pattern indicating short-term
weakness
Immediate support at 50,800 (50-DMA), with resistance
between 52,000 - 52,300
PSU banks like PNB provided support due to strong quarterly
performance.
Nifty Call Options Data
Key Resistance Level: 25,500 strike with the highest open
interest of 79.55 lakh contracts
Significant Call Writing: 25,200 strike saw the most additions
with 31.09 lakh contracts
Notable Call Unwinding: 24,500 strike had the most unwinding
with 7.41 lakh contracts.
Nifty Put Options Data
Key Support Level: 24,000 strike with the highest open interest
of 70.21 lakh contracts
Significant Put Writing: 24,000 strike saw the most additions
with 16.59 lakh contracts
Notable Put Unwinding: 23,600 strike had the most unwinding
with 7.57 lakh contracts.
Technical Analysis Source:
The above technical analysis is sourced from various popular news articles. This is
provided for reference purposes only; please conduct your own due diligence.
Pre-Market Pulse [Link] 04
Stocks in the News
Colgate-Palmolive: Net profit ₹364 crore (estimate ₹332 crore).
Revenue up 13.1% to ₹1,496.7 crore. EBITDA ₹508.3 crore
(estimate ₹470 crore). EBITDA margin 34% (estimate 33%)
Data Patterns: Net profit up 27.1% to ₹32.8 crore. Revenue up
16.1% to ₹104.1 crore. EBITDA up 33.7% to ₹37.3 crore. EBITDA
margin 35.8%
KEI Industries: Net profit up 23.8% to ₹150.2 crore. Revenue up
15.7% to ₹2,060.4 crore. EBITDA up 21.8% to ₹214.4 crore. EBITDA
margin 10.4%
RVNL: Lowest bidder for ₹739 crore order from Himachal Pradesh
State Electricity Board
ITD Cementation: Received ₹1,237 crore order for constructing a
residential colony in New Delhi
Dr Reddy’s: Received positive CHMP opinion from European
Medicines Agency for Rituximab biosimilar
CESC: Acquired 63.9% equity in Purvah Green Power for ₹205
crore. Purvah Green Power now a direct subsidiary
Aarti Drugs: Subsidiary Pinnacle Life Science's manufacturing unit
received Establishment Inspection Report from US FDA
Brigade Enterprises: Renamed wholly owned arm to Brigade HRC
LLP. Incorporated LLP with ₹6.7 crore capital for real estate
projects.
Pre-Market Pulse [Link] 05
Stocks in the News
HPCL: Net profit ₹355.8 crore, down 87.5%. Revenue ₹1.14 lakh
crore (estimate ₹1.05 lakh crore). EBITDA ₹2,107.7 crore (estimate
₹3,355 crore). EBITDA margin 1.9%
Kalpataru Projects: Net profit down 19.1% to ₹93 crore. EBITDA
down 1% to ₹378 crore. EBITDA margin 8.2%
PNB Housing Finance: Carlyle Group to sell up to 6.4% stake worth
₹1,255.6 crore. Floor price ₹755 per share.
Pre-Market Pulse [Link] 05
FII were net sellers with total sales amounting to
FII
Rs -2474.5 Cr on 29, Jul 2024 (Cash)
DII were net buyers with total sales amounting to
DII
Rs 5665.5 Cr on 29, Jul 2024 (Cash)
PCR of Indices (weekly expiry)
Indices PCR
Nifty 1.0081 A PCR above 1 indicates that the put volume
has exceeded the call volume. It indicates an
Bank Nifty 0.6851 increase in the bearish sentiment.
Fin Nifty 0.7057 A PCR below 1 indicates that the call volume
exceeds the put volume. It signifies a bullish
Midcap Nifty 1.0206 market ahead.
Pre-Market Pulse [Link] 06
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