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Stock Market Highlights on Aug 8 2024: The day ended in favor of the bears as 41 out of 50 constituent stocks of the Nifty50 ended lower

stock brokers, BSE, NSE, Sensex, Nifty

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		<strong>Stock market Highlights on Thursday, August 8, 2024</strong>: Equity benchmark indices, the BSE Sensex and NSE Nifty50, settled in negative territory on Thursday after the Reserve Bank of India&#39;s Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5 per cent for the ninth consecutive time.<br />
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			The BSE Sensex shed 581.79 points, or 0.73 per cent, to 78,886.22, while the NSE Nifty50 fell 180.50 points, or 0.74 per cent, to 24,117.</div>
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			The day ended in favor of the bears as 41 out of 50 constituent stocks of the Nifty50 ended lower, with LTIMindtree, Grasim, Asian Paints, Apollo Hospitals, and Infosys being the top laggards, losing up to 4.9 per cent.<br />
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				On the BSE, 24 out of 30 constituent stocks of the Sensex settled in the red, with Asian Paints, Infosys, and JSW Stell being the top drags, falling up to 3.21 per cent.</div>
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				The fear index, India VIX, ended 2.67 per cent higher at 16.60 points.</div>
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				The broader indices settled lower, with Nifty Next 100, and&nbsp; Nifty 100 being the top laggards, losing 0.79 and 0.74 per cent, respectively. Midcap and Smallcap shares also ended in the red.</div>
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				Among the sectoral indices, IT, Metal, and OMC were the worst hit, experiencing losses of up to 1.90 per cent.</div>
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Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates

Business Standard

Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates | News on Markets - Business Standard

RBI MPC Policy Meet LIVE: FY25 CPI forecast unchanged at 4.5%

RBI MPC Policy LIVE: To up UPI tax payment limit to 5 lakh from current 1 lakh

RBI MPC Policy Meet LIVE: Public repository to help to prevent unauthorised lending apps, says RBI Guv

RBI MPC Policy Meet LIVE:Credit information must be reported at least fortnightly, says RBI Guv

RBI MPC Policy Meet LIVE: Propose to create a public repository of digital lending apps, says RBI Guv

RBI MPC Policy Meet LIVE: Rupee remained largely range bound so far in FY25, says RBI Guv

RBI MPC Policy LIVE: To create public depository of digital lending apps, says Das

Public repository to aid in finding unauthorised lending applications.

RBI MPC Policy Meet LIVE: Expect CAD to remain manageable, says RBI Guv

RBI MPC Policy Meet LIVE: Food inflation pressure cannot be ignored, says RBI Guv

RBI MPC Policy Meet LIVE: Alternative investment modes pulling away money from banks’s deposits, says RBI Guv

RBI MPC Policy Meet LIVE: Will continue to be nimble, flexible in liquidity operation, says RBI Guv

RBI MPC Policy LIVE: Banks must attract more deposits through new financial products, says Das

Banks must focus on levaraging household savings that are flowing towards alternate investments, RBI Governor says

RBI MPC Policy Meet LIVE: Banks facing challenges on funding front, says RBI Gov

RBI MPC Policy LIVE: Low Rupee volatility signals resilience, says RBI Guv

RBI MPC Policy LIVE: Q1FY26 CPI pegged at 4.4%

Comment :: 'Short-term relief seems unlikely'

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	Markets struggled to maintain Wednesday&#39;s recovery, ending over half a percent lower due to weak global cues. After an initial dip, the Nifty showed volatile movements, ultimately closing near the day&#39;s low at 24,117. Sectors like IT, metals, and energy were the hardest hit. However, the broader indices outperformed slightly, posting only minor losses.</div>
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	The ongoing global uncertainty is making market participants cautious, and short-term relief seems unlikely. The Nifty is encountering resistance around the 24,350 mark, and a decisive break below 23,900 could lead to a further decline. Traders are advised to adjust their positions with a hedged strategy to navigate the current volatility.</div>
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	Views by:&nbsp; Ajit Mishra &ndash; SVP, Research, Religare Broking</div>

Comment :: 'Global market is focusing on US job data'

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	The domestic market reversed its earlier gains as the RBI&#39;s decision to hold its current policy with a caution to revise upward the CPI and moderate the growth forecast for Q1. Meanwhile the global market is focusing on US job data and the probability for deeper slowdown has raised concerns that the US economy is heading for a recession, forcing the federal reserve to cut rates faster than initially expected.</div>
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	Views by:&nbsp; Vinod Nair, Head of Research, Geojit Financial Services.</div>
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Rupee Update :: Rupee ends lower against US dollar

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Broader markets :: All indices end in red except BSE BANKEX

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Sectoral trends :: IT, and Metal fall up to 1.90%

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Sensex Heatmap :: 24 of 30 index stocks settle lower

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Stock Market Closing Bell :: Nifty ends at 24,117 on Thursday

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Stock Market Closing Bell :: Sensex sheds 581 pts on Thursday

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BSE SME index surges 3% on August 8; STAL zooms 20%, CRP Risk 8%

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	The BSE SME index surged 2.8 per cent to 97,785 levels in intra-day deals on Thursday. Meanwhile, the mainline BSE benchmark index - the BSE Sensex was down 0.5 per cent or 380 points at 79,090. The overall breadth in the BSE SME space too was fairly positive; with over 57 per cent (114 stocks) advancing as against 72 declining shares the platform. <a href="https://www.business-standard.com/markets/news/bse-sme-index-surges-3-on-august-8-stal-zooms-20-crp-risk-8-124080800821_1.html?1723108979" target="_blank">READ MORE</a></div>

MRF stock price soars 6% after Q1FY25 profit jumps 55% QoQ

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	Shares of MRF climbed as much as 5.80 per cent to hit an intraday high of Rs 1,42,485.10 per share on Thursday, August 8, 2024.&nbsp; The jump in the stock price came after the company&rsquo;s profit zoomed 54.8 per cent quarter-on-quarter (Q-o-Q) to Rs 573.4 crore in the June quarter of FY24, from Rs 370.5 crore in Q4FY24. <a href="https://www.business-standard.com/markets/news/mrf-stock-price-soars-6-after-q1fy25-profit-jumps-55-qoq-124080800822_1.html?1723108993" target="_blank"><strong>READ MORE</strong></a><br />
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Garware Hi-Tech Films shares hit upper circuit

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Sanghvi Movers hits 6-month low; stock down 32% in 1 week on weak Q1 show

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	Shares of Sanghvi Movers hit a six-month low at Rs 800.10, as they slipped 10 per cent on the BSE in Thursday&rsquo;s intra-day trade extending its fall after the company reported a weak set of numbers for the June 2024 quarter (Q1FY25). In the past one week, the stock has tanked 32 per cent. It was trading at its lowest level since February 2, 2024.&nbsp; The market price of Sanghvi Movers nearly halved or plunged 46 per cent from its 52-week high of Rs 1,483 hit on May 16, 2024. <a href="https://www.business-standard.com/markets/news/sanghvi-movers-hits-6-month-low-stock-down-32-in-1-week-on-weak-q1-show-124080800671_1.html?1723106727" target="_blank">READ MORE</a><br />
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Expert Speaks :: 'A rate cut seems unlikely in the near term'

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	- The RBI MPC voted 4-2 to keep policy repo rate unchanged at 6.5 per cent on Aug 8, maintaining status quo for the ninth time, in line with most street expectations. The current pause is the second-longest in the past 25 years. Although headline inflation has moderated from its peak, food price momentum remains elevated and likely to result in a shallower softening of CP| headline inflation. The MPC also decided by a majority of 4 out of 6 members to maintain its &#39;Withdrawal of Accommodation&#39; stance.</div>
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	- The GDP forecast for Q1FY25 was revised from 7.3 per cent to 7.1 per cent (due to lower than anticipated corporate profitability, general government expenditure and core industries output) while maintaining FY25 forecast of 7.2 per cent. Inflation forecast for Q2 and Q3FY25 were adjusted upwards by 60 and 10 bps to 4.4 per cent ano 4.7 per cent while lowering Q4 forecast 20 bps to 4.3 per cent.</div>
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	- Growth in India has remained resilient; inflation has been trending downward and there has been progress in achieving price stability. The RBI flagged challenges to the global growth outlook over the medium term. RBI remains vigilant to ensure that inflation moves sustainably towards the target, which could take some time. Consequently, a rate cut seems unlikely in the near term.</div>
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	View By: Mr Dhiraj Relli, MD and CEO at HDFC Securities</div>

Aadhar Housing Finance shares soar 5% on solid Q1 earnings; details here

Shares of Aadhar Housing Finance rose 4.65 per cent at Rs 432 per share on the BSE in Thursday&rsquo;s intraday trade. This came after the company registered strong growth in the topline and bottomline on a year on year basis for the April-June quarter of financial year 2024-25 (Q1FY25).&nbsp; <a href="https://www.business-standard.com/markets/news/aadhar-housing-finance-shares-soar-5-on-solid-q1-earnings-details-here-124080800663_1.html?1723105418" target="_blank"><strong>READ MORE</strong></a><br />
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Stock Market Update :: Sensex trades at day's high

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RBI MPC Presser: Shift of deposit from banks to equities may create 'structural' industry changes in long term

&gt;&gt; Das maintains it as banks&#39; independent decision on how to address the issue<br />
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&gt;&gt; The issue may create liquidity challenge in the long-term<br />
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Note: Shaktikanta Das on household deposits moving from banks to stock markets

RBI MPC Presser: Food inflation's inclusion or exclusion from the CPI index is the job of NSO, says Das

RBI MPC Presser: The onus of deposit growth rate is on the banks individually, says RBI Guv

RBI MPC Presser: Overall growth prospects intact in the US, premature to talk of recession just yet, says Das

RBI MPC Presser: There is still a distance to cover to align inflation to 4%target, says RBI Guv

RBI MPC Presser: Inflation moderating but base of disinflation is uneven and slow, says Das

RBI MPC Presser: Domestic economic growth is resilient, says RBI Guv

RBI MPC Presser: Inflation has moderated from earlier higher levels, says RBI Guv

Lupin stock soars: Analysts bullish on growth but valuation may cap upside

The domestic brokerage firm, Nuvama Institutional Equities upgraded its call for Lupin&rsquo;s stock to &lsquo;Buy&rsquo; from &lsquo;Hold&rsquo; owing to the continued outperformance lined up for the company in terms of its growth outlook. This it said was due Lupin&rsquo;s growing growth prospects in the US and in the domestic business and despite the run up of the stock in recent times.&nbsp; <a href="https://www.business-standard.com/markets/news/lupin-stock-soars-analysts-bullish-on-growth-but-valuation-may-cap-upside-124080800500_1.html?1723097988" target="_blank"><strong>READ MORE</strong></a>

Expert Speaks ::  'Markets will focus on US jobs data'

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		-The status quo in policy rates and stance were on expected lines. The Governor emphasised the need for vigilance on the inflation front saying &#39;price stability is necessary for sustained growth.&#39;</div>
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		- There is nothing in the policy that will influence the market much. The market will be focused on the US jobs data today and the market&rsquo;s response to it and the recession fears in the US.&quot;</div>
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		Views By - V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</div>
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Expert Speaks :: 'There is still risk of fresh selling pressure at higher levels'

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	- The recent RBI policy announcement was largely uneventful, with the central bank keeping policy rates unchanged and continuing the withdrawal of accommodation as expected. The focus remains on tackling inflation, with no concerns about growth, and there are no indications of rate cuts in the near term. Consequently, the market will now turn its attention back to global cues.&nbsp;</div>
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	- Although there are signs of a temporary bottom in the global market, Nifty, and Banknifty, there is still a risk of fresh selling pressure at higher levels. Technically, Nifty is forming a bottom around the 50-DMA of 24,000, with important hurdles at 24,350, 24,525, and 24,700.&nbsp;</div>
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	- Meanwhile, Banknifty is trying to establish a base around the 100-DMA of 5,000, with the key resistance area lying between 51,000 and 51,500.</div>
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	Views by: Santosh Meena, Head of Research, Swastika Investmart Ltd.</div>
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Ceigall India listing today: Shares debut with up to 4% premium on BSE, NSE

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	Shares of infrastructure construction company, Ceigall India, made a decent debut on the bourses amidst weak market cues. The company&#39;s shares listed at Rs 413 on the BSE, a premium of 3 per cent, while on the NSE they listed at Rs 419, 4.5 per cent higher than the issue price.&nbsp; With listing, Ceigall India shares yielded a return of Rs 12-18 or 3-4.5 per cent per share to its investors, as the IPO was allotted at Rs 401, the upper end of the issue price.&nbsp; <a href="https://www.business-standard.com/markets/news/ceigall-india-shares-make-decent-debut-on-bse-nse-124080800259_1.html?1723092262" target="_blank">READ MORE</a><br />
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RBI MPC Policy Meet LIVE: Aim for cheque payments to be cleared within few hours, says RBI Guv

RBI MPC Policy Meet LIVE: India’s financial sector remains stable and healthy, says RBI Gov

RBI MPC Policy Meet LIVE: Considerable divergence between headline, core CPI, says RBI Gov

RBI MPC Policy Meet LIVE: Term premium have remained steady in recent months, says RBI Guv

RBI MPC Policy Meet LIVE: MPC may look through high food inflation if it is transitory, says RBI Guv

RBI MPC Policy LIVE: RBI projects 7.2% real GDP growth rate for Q2FY25

Q1FY25 - 7.1%<br />
Q2FY25 - 7.2%<br />
Q3FY25 - 7.3%<br />
Q4FY25 - 7.2%

RBI MPC Policy Meet LIVE: Q1FY25 growth est moderated due to updated info on certain high frequency indicators

RBI MPC Policy LIVE: Food prices contributed 75% in the headline inflation in Apr-Jun quarter, says Das

RBI MPC Policy Meet LIVE: Spillovers from geopolitics pose risk, says RBI Guv

RBI MPC Policy Meet LIVE Mfg activity continued to gain ground on the back of improving demand, says RBI Guv

RBI MPC Policy LIVE: FY25 CPI inflation seen at 4.5 per cent, says RBI Guv

RBI MPC Policy Meet LIVE:Improved agricultural activities brightens prospects of rural consumption, says Das

RBI MPC Policy LIVE: FY25 real GDP seen at 7.2%, says Shaktikanta Das

RBI MPC Policy LIVE: Near term prospects for global growth look promising, says RBI Governor

Near term prospects for global growth look promising, says RBI Governor

RBI MPC Policy Meet LIVE: Inflation is receding grudgingly across economies, says RBI Guv

RBI MPC Policy Meet LIVE: Policy must continue to be disinflationary & resolute to bring inflation down to 4%

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RBI MPC Policy Meet LIVE: We've decided to focus on inflation &ensure price stability mainly to support growth

RBI MPC Policy Meet LIVE: High growth cannot be sustained without price stability, says RBI Guv

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RBI MPC Policy Meet LIVE: There's good amount of convergence in market expectations & MPC policy, says RBI Guv

RBI MPC Policy LIVE: Flexible inflation targeting framework has worked well, says Governor

RBI MPC Policy Meet LIVE: Flexible inflation targeting framework will complete in 8 years, say RBI Guv

RBI MPC Policy Meet LIVE: Growth remains strong, Inflation on declining trend, says Das

RBI MPC Policy Meet LIVE: MPC keeps MSF & Bank Rates unchanged at 6.75%

RBI MPC Policy Meet LIVE: MPC decided by a 4:2 majority to keep repo rate unchanged at 6.5%

RBI Policy Live: Stance maintained 'Withdrawal of Accommodation'

RBI MPC Policy Meet LIVE: Inflation is broadly on declining trajectory, says RBI Guv

RBI MPC Policy Meet LIVE: RBI keeps Repo Rate unchanged at 6.5%

RBI Governor, Shaktikanta Das begins MPC decision announcement

Indian companies dismiss global worries to push ahead with IPO listings

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	India&rsquo;s bustling initial public offering market is barreling ahead with bigger debuts, shrugging off this week&rsquo;s global equity selloff. <a href="https://www.business-standard.com/markets/ipo/indian-companies-dismiss-global-worries-to-push-ahead-with-ipo-listings-124080700399_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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These companies reported turnaround in Q1; what lies ahead for stocks?

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	Amid the ongoing Q1 results season for the financial year 2024-25, several companies have reported a turnaround on the earnings front. Zee Entertainment and PB Fintech are among the prominent firms to report profit in the June 2024 quarter against a net loss in the year ago quarter. <a href="https://www.business-standard.com/markets/news/these-companies-reported-turnaround-in-q1-what-lies-ahead-for-stocks-124080800131_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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ITD Cementation up over 6% on strong June quarter show, profit zooms 92%

Shares of ITD Cementation rallied as much as 6.25 per cent to hit an intraday high of Rs 513.55 per share on Thursday, August 8, 2024. <a href="https://www.business-standard.com/markets/news/itd-cementation-up-over-6-on-strong-june-quarter-show-profit-zooms-92-124080800232_1.html?1723089708" target="_blank"><strong>READ MORE</strong></a><br />
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RBI MPC policy: Repo rate in focus; what factors may influence decision?

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	The Reserve Bank of India is set to conclude its three-day Monetary Policy Committee (MPC) meeting on Thursday, which is largely focused on framing policies to control inflation in India. <a href="https://www.business-standard.com/economy/news/rbi-mpc-policy-repo-rate-in-focus-what-factors-may-influence-decision-124080800151_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Sector Update: Nifty IT, Oil & Gas down 0.8% each

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Index heatmap check: Tata Motors top gainer, up about 1%

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Opening bell :: Nifty slips 50 points, opens near 24,250

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Pre-opening session: Sensex drops 50 points

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Pre-opening session: Nifty slips marginally

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Rupee update :: Rupee opens at 83.94/$ vs Wednesday’s close of 83.96/$

Govt fast tracks visa approvals for China vendors to step up manufacturing

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	The Union government has introduced a streamlined, time-bound process for granting business visas to Chinese technicians involved in manufacturing projects, in response to complaints from the Indian industry.</div>
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	The new guidelines from the Ministry of Home Affairs, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India, said a senior government official.<a href="https://www.business-standard.com/economy/news/new-guidelines-in-force-to-expedite-e-visa-for-chinese-technicians-124080701076_1.html" target="_blank"><strong> Read more</strong></a><br />
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IPM growth disappoints in July, says Elara Securities

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	&gt;&gt;India&rsquo;s pharma market (IPM) grew 6.1 per cent Y-o-Y in July 2024, below street expectations of 8-11 per cent.<br />
	&gt;&gt;Volumes declined 0.3 per cent Y-o-Y and price increase contributed to growth.<br />
	&gt;&gt;Elara expects a pick-up in market growth rate.<br />
	&gt;&gt;Though, estimates domestic business growth for companies will underwhelm Street expectations.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</div>
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	&gt;&gt; The brokerage expects slight uptick in growth for IPM in FY25 compared with FY24 levels.</div>
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Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,000

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	Gold Price Today:The price of 24-carat gold dipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 69,260, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 81,900.</div>
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	The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490. <a href="https://www.business-standard.com/markets/commodities/gold-price-dips-rs-10-to-rs-69-260-silver-falls-rs-100-to-rs-81-000-124080800106_1.html" target="_blank"><strong>Read more</strong></a><br />
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RBI expected to hold rates, markets seek hints on possible future cuts

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	India&#39;s central bank is widely expected to hold rates steady on Thursday, but with growing worries about the global economy investors are hoping for a more dovish tone from policymakers that could open the door for an October rate cut.</div>
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	All 59 economists in the Reuters poll conducted in late July predicted the Reserve Bank of India would hold the repo rate at 6.50 per cent for a ninth straight meeting. <a href="https://www.business-standard.com/markets/news/stock-market-live-today-sensex-nifty-gift-nifty-nikkei-topix-kospi-hang-seng-nasdaq-124080800084_1.html" target="_blank"><strong>Read more</strong></a><br />
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Sebi looks to further tighten the noose around participatory notes

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	The Securities and Exchange Board of India (Sebi) is looking to further tighten the noose around participatory notes (p-notes) or offshore derivatives instruments (ODIs) by imposing a complete ban from using the derivatives market. Currently, p-notes can use the derivatives market only for hedging purposes. <a href="https://www.business-standard.com/markets/news/sebi-looks-to-further-tighten-the-noose-around-participatory-notes-124080701497_1.html"><strong>Read more</strong></a><br />
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	India&rsquo;s bustling initial public offering market is barreling ahead with bigger debuts, shrugging off this week&rsquo;s global equity selloff.</div>
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	The nation saw 189 companies going for fresh share sales to raise $5.6 billion this year, making it one of the busiest markets in this space. At least 30 IPOs are in the offing as demand powered by domestic money pushes companies to explore listing.</div>
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	The pipeline underscores investor exuberance in India despite turbulence in global equity markets. Local investors armed with funds and a desire to participate in the world&rsquo;s fastest-growing major economy are ignoring pessimism over global risks. <a href="https://www.business-standard.com/markets/ipo/indian-companies-dismiss-global-worries-to-push-ahead-with-ipo-listings-124080700399_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="ipo market listing share market" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-05/02/full/1714669756-0508.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="ipo market listing share market" width="600" /></div>
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Stocks To Watch Today, Aug 8: Financials, Real estate, MRF, Marico, NTPC

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	<strong>Here are a few stocks to keep an eye on for August 8:</strong></div>
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	<strong>Earnings Watch:</strong> LIC, SAIL, Eicher Motors, IRCON International, Minda Corporation, MRF, ABB India, Va Tech Wabag, Oil India, Bharat Bajel Projects, Gujarat State Petronet, Forge, Biocon, Alembic Pharmaceuticals, Astral, Astrazeneca Pharma, Page Industries, Rail Vikas Nigam, Sobha, Unichem Laboratories</div>
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	<strong>Listing: </strong>Ceigall India will list on the mainboard, while Dhariwalcorp will be listed on the SME board.</div>
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	<strong>Rate-sensitive stocks:</strong>Sectors like Real Estate, Auto, Financials will closely keep a tab on RBI&#39;s interest rate decision. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-aug-8-financials-real-estate-mrf-marico-ntpc-124080800083_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="market stocks us market share market bullish" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/07/full/1709830413-6065.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="market stocks us market share market bullish" width="600" /></div>
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These are top picks by Jigar S Patel of Anand Rathi for August 8

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	<strong>Lodha</strong></div>
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	After reaching a peak near Rs 1,595, Lodha has experienced a significant decline, dropping nearly 450 points, which translates to a 28 per cent decrease in its price. Currently, the stock has found support at its 200-day Exponential Moving Average (DEMA). Interestingly, a bullish bat pattern has emerged precisely at this 200 DEMA support level of Rs 1,218. <a href="https://www.business-standard.com/markets/news/these-are-top-picks-by-jigar-s-patel-of-anand-rathi-for-august-8-124080800067_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="trading, market, stocks" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/14/full/1710356495-3611.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; height: 352px; width: 600px;" title="trading, market, stocks" /></div>
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Nifty Energy range bound on charts, eyes breakout; trading strategy here

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	<strong>Nifty Energy Index</strong></div>
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	The Nifty Energy Index is currently exhibiting range-bound behavior, fluctuating within the bounds of 43,700 and 42,250. This phase of consolidation suggests that the index is poised for a significant move, awaiting a breakout or breakdown to establish a definitive trend direction.Traders can capitalise on these potential movements by adopting appropriate strategies based on their risk tolerance. <a href="https://www.business-standard.com/markets/news/nifty-energy-range-bound-on-charts-eyes-breakout-trading-strategy-here-124080800069_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="share market" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-04/11/full/1712859288-1472.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="share market" width="600" /></div>
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Will Sensex, Nifty rise or fall today? RBI Policy, weekly expiry in focus

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	Trading guide for Thursday August 7, 2024:Benchmark equity indices are likely to start today&rsquo;s trading session on a negative note tracking losses in global peers.</div>
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	At 07:00 AM, GIFT Nifty futures quoted around 24,200 levels &ndash; hinting at a likely gap-down of around 150 points on the NSE Nifty 50 index. <a href="https://www.business-standard.com/markets/news/will-sensex-nifty-rise-or-fall-today-rbi-policy-weekly-expiry-in-focus-124080800090_1.html" target="_blank"><strong>Read more</strong></a><br />
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		<img align="" alt="market decline nse bse stock market" class="imgCont" height="400" src="https://bsmedia.business-standard.com/_media/bs/img/article/2024-03/29/full/1711735845-6716.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="market decline nse bse stock market" width="600" /></div>
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Gift Nifty indicates negative start for Indian bourses

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