News Shots

HCL Technologies announced the signing of a five-year global agreement to provide digital transformation and managed services to US-based The Mosaic Company.

Hindustan Unilever has launched its first ‘Smart Fill’ machine, an in-store vending model for its home care products to reuse, reduce and recycle plastic.

Maruti Suzuki India announced the nationwide roll-out of its digital platform that provides customers end-to-end online car financing solutions.

DMart reported a two-fold jump in consolidated net profit at Rs 95.36 crore for June quarter 2021-22.

Adani Ports board to consider raising up to $750 million in USD bonds.

The shareholders of the private lender Federal Bank have approved the resolution to re-appoint Shyam Srinivasan as the Managing Director and Chief Executive Officer for a period of three years.

Online travel solutions provider EaseMyTrip is eyeing 100 per cent growth this year on the back of demand recovery for tourism. EaseMyTrip had reported a revenue of Rs 106.69 crore and a profit after tax of Rs 61 crore in the financial year 2020-21.

Godrej Properties plans to invest more than USD 1 billion over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth.

Equitas Small Finance Bank has received Reserve Bank of India’s (RBI) nod to apply for amalgamation of the promoter, Equitas Holdings, into itself.

Delta Corp reported consolidated loss at Rs 28.93 crore in Q1FY22 against loss of Rs 28.24 crore in Q1FY21

Major Q1 result announcements today:

  • HFCL
  • HMT
  • Steel Strips Wheels
  • Authum Investment & Infrastructure
  • Indbank Merchant Banking Services

What to expect today?

Friday, NIFTY opened gap down below 15,700 and consolidated around 15,700 before closing below 15,700. You can read all about Friday’s movements here.

BANK NIFTY also opened with a gap down and consolidated throughout the day but the major catch there is that BANK NIFTY took a major support at 35,000 and closed above it.

NIFTY METAL and NIFTY REALTY moved up by more than 2% on Friday.

The European rose 1-2%, strongly coming back after Thursday’s fall. The US markets also moved up by more than 1% erasing all the lossed made on Thursday.

US consumer price inflation data will be out tomorrow. That is an event which can have an impact on the market.

Every single Asian market is up firmly as expected, after the western markets rallied on Friday US and European futures are slightly in the red.

SGX NIFTY is trading higher at 15,795 indicating a gap up opening in the Indian market.

The immediate supports for NIFTY are at 15,750 and 15,700. 

The immediate resistance for NIFTY will be 15,800, 15,840 and 15,900.

35,250 and 35,500 are the important resistances to be watched out for in BANK NIFTY. 

BANK NIFTY has good support at 35,000.

Foreign institutional investors (FIIs) net sold worth Rs 1124 crores, and domestic institutional investors (DIIs) net bought shares worth Rs 106 crores in the Indian equity market. 

In NIFTY, highest call OI buildup is at 15,800 followed by 15,700 and 15,900. Highest put OI buildup is at 15,700 followed by 15,600 and 15,500. 15,700 has a lot of straddles. PCR is 0.7, indicating bearishness in the market.

All these 15,800 call sellers will be in major trouble when the market opens with a gap up today. Let’s see how the market goes after that.

BANK NIFTY has the highest call OI at 36,000 and highest put OI at 35,000, thereby indicating a good, clear possible range in BANK NIFTY.

15,500-15,900 has been the consolidation range in NIFTY. It looks like it’s going to be continued for some more time.

There are few major corporate results like Infosys, WIpro etc this week. Let’s see if they can have an impact.

Also, India’s consumer inflation data will be announced today after market hours. That might end up as a non event but let’s look into it actively. So, domestic inflation data and the same from US (to be announced tomorrow) have the potential to be a trigger to cause a move in the market.

Today is going to be decisive. Let’s see how the market performs. Last Monday, market opened with a gap up and firmly moved up.

Follow us on marketfeed app’s livefeed section to get real time updates from the market. All the best for the day!