MARKET: Sensex slips 433 pts ahead of AGR hearing; Nifty Bank down over 2%

All that happened in the markets today

9:03 AM

Markets at Pre-open

8:57 AM

Top stocks to watch out for today

Tata Steel: Domestic steel major Tata Steel on Thursday reported a consolidated net loss of Rs 4,648.13 crore for the quarter ended June, mainly on account of reduced income. The company had posted a consolidated net profit of Rs 714.03 crore during the same period a year ago.

 

Earnings today: A total of 231 companies including Glenmark Pharma, Berger Paints, and Hindalco Industries are scheduled to announce their June quarter earnings today.

 

Telcos, Banks: Telecom and bank stocks are expected to be in focus today as the Supreme Court will hear the AGR case, starting 3 PM. READ MORE 

8:48 AM

Trading strategies for Copper and Natural Gas by Tradebulls Securities

Sell Copper | TGT: 500 | Stop loss: 518

 

There is a clear negative divergence (RSI_14) on the daily scale and price us also far from its 50-EMA, suggesting that it is overstretched. Copper has made ‘harami’ candlestick pattern on daily scale which is again a sign of reversal. We recommend going short at current levels for the expected target of 500 and recommend stoploss of 518 on a closing basis. READ MORE

8:46 AM

VIX shows no downside risk for Nifty in short-term: Nilesh Jain

BUY NIFTY | TARGET: 11,400 | STOP LOSS: 11,200

 

The Nifty index is consolidating from the past couple of sessions and also trading with a positive bias. Although, it has an immediate hurdle of its previous swing high which is placed at 11,373 and if Nifty breaks the same, then, we can expect the positive momentum to continue towards 11,400-11450 levels. READ MORE

8:45 AM

Here's a Bull Spread strategy for Larsen and Toubro by HDFC Securities

Bull Spread strategy on Larsen & Toubro

 

Buy Larsen 1000 CALL at Rs 28 & simultaneously sell 1060 Call at Rs 10

 

Lot Size 550.

Rationale:
 

>> Long build up is seen in the Larsen Futures’ where we have seen 5% (Prov) rise in the Open Interest with Price moving up by 4%. READ MORE

 

8:41 AM

Bulk deals on NSE as on Thursday

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8:40 AM

Bulk deals on BSE as on Thursday

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8:39 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:37 AM

Rupee check

Source: Bloomberg

8:34 AM

Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery

>> Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide.

 

>> Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week.

(Source: Reuters)

8:30 AM

NEWS ALERT :: China's July retail sales unexpectedly slip

>> Industrial output grew 4.8% in July from a year earlier, data from the National Bureau of Statistics showed on Friday

>> China’s retail sales unexpectedly fell in July from a year ago while the comeback in factory output was slower than forecast amid signs the recovery in the world’s second-largest economy remains fragile.

>> Retail sales dropped 1.1% on year, worse than a predicted 0.1% rise and compared with a 1.8% drop in June. Sales fell for the seventh straight month as consumer demand remained sluggish despite strict coronavirus containment measures easing.

(Source: Reuters)

8:28 AM

SGX Nifty update

>> At 8:26 am, the index was at 11,323.50 level, up just 0.05 points.

8:26 AM

Asian Market check

Source: Reuters

8:23 AM

S&P 500 ends down slightly after flirting with record levels again

Source: Reuters

8:00 AM

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