MARKET WRAP: Sensex slips 129 pts, Nifty ends at 11,073; RIL declines 2%

All that happened in the markets today

9:03 AM

Markets at Pre-open

8:57 AM

Rollover Analysis :: August series

>> Nifty Futures began the August series with 1.12  crore shares versus 1.14 crore shares in open interest.

>> The August series began with Rs.95,448 crore versus Rs 91,631 crore in stock futures, Rs. 12,389 crore versus Rs.11,685 crore in Nifty futures & Rs.115,808  crore versus Rs. 84,291 crore in index options and Rs. 25,621 crore versus 17,812 crore in stock options.

>> Nifty August month rollover was higher at 77.59% versus 78.93%

>> Market-wide rollover was at 87.85% versus 92.01%

(Source: Sharekhan)

8:52 AM

Top stocks to watch out for today

RIL: Mukesh Ambani-promoted Reliance Industries (RIL) reported a 40.5 per cent dip in profit before tax (PBT) and exceptional items as the pandemic and the ensuing lockdowns hit the energy and retail businesses in the June quarter. Net profit, however, rose for the company, beating Street estimates.

 

SBI: The state-run lender is slated to announce its June quarter results later in the day. Amid declining interest income and lower net profit sequentially, analysts see India’s largest public sector bank’s business growth to be modest in the recently concluded quarter. 

 

Torrent Pharma: Despite challenges posed by Covid-19 pandemic and lockdown, Torrent Pharmaceuticals Ltd. (TPL) saw its consolidated profit before tax (PBT) rise 44.08 per cent for the first quarter ended June 30, 2020, to stand at Rs 402 crore. The company's PBT in the corresponding quarter last year stood at Rs 279 crore. READ MORE  

8:46 AM

NEWS ALERT :: Tata Capital Growth to invest Rs 225 crore in Biocon for 0.85% stake

8:44 AM

Outlook on Crude oil, natural gas by Bhavik Patel of Tradebulls Securities

Crude has good support around levels of 3,030-2,980 and resistance in zone of 3,130-3,180. Crude is trading in this narrow range since the past 10 days. Delays in the next stimulus bill is expected to have negative effect on oil markets as it would mean less money in hands of consumers who can spend.  READ MORE

8:41 AM

Stock calls by Nilesh Jain of Anand Rathi

SELL PEL | TARGET: Rs 1,300 | STOPLOSS: Rs 1,410

 

The stock has provided breakdown from a rising trend line on the daily chart. The neckline is placed at 1,410 levels which will now act as an immediate hurdle. It is also facing the resistance of its short term 21-DMA, which is also placed at 1420 levels. The momentum oscillator MACD has provided sell crossover on the daily chart. Based on the aforementioned rationale, we can expect some more weakness in the counter. READ MORE

8:39 AM

Here's a Bear Spread strategy for Nifty Bank index by HDFC Securities

Bear Spread strategy on Bank Nifty (Expiry 06 August)

 

Buy Bank Nifty 21500 Put at Rs 386 & simultaneously sell 21000 Put at Rs 215
 

Lot Size 25
 

Cost of the strategy Rs 171 (Rs 4275 per strategy) READ MORE

8:35 AM

NEWS ALERT :: Japan's factory output increases by 2.7% MoM in June

>> The sharp rise, which followed four months of declines, was largely thanks to a bounce in motor vehicle production.

>> It beat the median market forecast of a 1.2% rise in a Reuters poll of economists.

>> Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expect output to jump 11.3% in July and 3.4% in August

(Via Reuters)

8:34 AM

NEWS ALERT :: China July manufacturing PMI improves to 51.1 from 50.9 in June

(Via Reuters)

8:29 AM

Bulk deals on NSE as on Thursday

8:28 AM

Bulk deals on BSE as on Thursday

Click here for complete list

8:27 AM

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

8:25 AM

Rupee check

Source: Bloomberg

8:24 AM

Oil prices bounce back from three-week lows

>> Oil prices rose on Friday, recovering further ground after touching three-week lows in the previous session, hit by a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

 

>> Brent crude was up by 40 cents, or 0.9%, at $43.34 a barrel. On Thursday, Brent closed down 1.9% but had recovered much of the ground lost from the lowest level since July 10.

 

>> US crude gained 35 cents, or 0.9%, to $40.27 after dropping 3.3% the previous session, again recovering from lows not seen since July 10.

(Source: Reuters)

8:21 AM

SGX Nifty hints at green start

>> At 8:20 am, the index was at 11,128 level, up 28 points or 0.25 per cent.