August Auto Sales

*August Auto Sales Estimates YoY (Tentative announcement on 01st September 2024):*

*Ashok Leyland:* 15600 units versus 15576 units ( *Up 0.1%* )

*Tata Motors:* 75500 units versus 78010 units ( *Down 3.2%* )

*M&M Auto:* 71000 units versus 70350 units ( *Up 1.0%* )

*M&M Tractor:* 23400 units versus 21676 units ( *Up 8.0%* )

*Escorts Tractor:* 5700 units versus 5593 units ( *Up 2.0%* )

*Eicher Motors RE:* 77500 units versus 77583 units ( *Down 0.1%* )

*Eicher Motors VECV:* 6900 units versus 6476 units ( *Up 7.0%* )

*Maruti:* 1.53 lakh units versus 1.59 lakh units ( *Down 3.8%* )

*Hero Motocorp:* 5.10 lakh units versus 4.88 lakh units ( *Up 4.0%* )

*TVS Motors:* 3.8 lakh units versus 3.46 lakh units ( *Up 10.0%* )

*Bajaj Auto:* 3.65 lakh units versus 3.41 lakh units ( *Up 7.0%* )

Highest Bonus Announced in nifty50

Highest Bonus Announced in nifty50 

Company: Number Times 

1) Wipro: 13 Bonus

2) L&T: 10 Bonus 

3) Infosys: 8 Bonus

4) ITC: 7 Bonus

5) Cipla: 7 Bonus

6) Britannia: 6 Bonus

7) Tata Steel: 6 Bonus

8) Nestle: 5 Bonus

9) BPCL: 5 Bonus

10) M&M: 5 Bonus

10) Asian Paints: 4 Bonus

11) Dr Reddy: 4 Bonus

12) Hindalco: 4 Bonus

13) HUL: 4 Bonus

14) Kotak Mahindra: 4 Bonus

15) RIL: 4 Bonus

16) Tata Motors: 4 Bonus

*NOTE - Not any buy recommendations*

OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> SPX +1.68%, Nasdaq +2.4%, Russell 2000 +1.55%

-> US PPI confirmed inflation pressures eased in July, US core CPI tonight

-> UST 10y yield lost 5 bps to 3.85%

-> Tech/growth stocks supported by lower yields

-> Dollar Index sank nearly 0.5% to 102.60

-> Fed’s Bostic noted that he thinks a “rate cut is coming, but wants to see a little more data”

-> A recession is not in Bostic's outlook, as he’s “hopeful in the next several months of a normalized economy”

-> Oil -1.8% to $80.81/bbl

Key levels for Nifty Bank

📊👆 Key levels for Nifty Bank

📊Resistance based on pivot points: 50,354, 50,537 and 50,833

Support based on pivot points: 49,763, 49,580 and 49,285

Resistance based on Fibonacci retracements: 50,536, 51,064

Support levels based on Fibonacci Retracement: 49,712, 48,854

SPECIAL PATTERN: Nifty Bank also formed long bearish candlestick pattern on daily chart with negative bias in momentum indicator. The index closed down 746 points or 1.5 per cent at 49,832. The index is close to the 50 per cent Fibonacci retracement level (49,712) from the June 4 low to July 4 all-time high, which usually acts as a key support level.

Nifty support at around

Nifty likely to find support at around

23900 while 24400 is likely to act as the resistance level.

Bank Nifty likely to find support at around 49500 while

50200 is likely to act as resistance level on the upside.

Asian markets are recovering well after last week's

volatility as they keenly watch the inflation prints being

released in US for more signs of a rate cut to support the

cooling labor market. The MSCI Asia Pacific index was

led by gains of more than 1% in early trade in Japan and

Taiwan. As on 8a.m. IST, the Hang Seng index is down

61 points, KOSPI index is up by 20 points and the

Nikkei 225 index is up by 29 points.

Economic Calendar – 14.08.2024

*Economic Calendar* – 14.08.2024

11:30 U.K. CPI y/y (Expected: 2.3% versus Previous: 2.0%)

12:00 INDIA WPI Inflation y/y (Expected: 2.5% versus Previous: 3.36%)

14:30 EURO Flash GDP q/q (Expected: 0.3% versus Previous: 0.3%)

*18:00 U.S. CPI m/m (Expected: 0.2% versus Previous: -0.1%)*

*Economic Calendar* – 15.08.2024

 

*India, South Korea and Italy @ Market Holiday* 

*07:30 CHINA Industrial Production y/y (Expected: 5.2% versus Previous: 5.3%)*

*07:30 CHINA Retail Sales y/y (Expected: 2.6% versus Previous: 2.0%)*

11:30 U.K. GDP m/m (Expected: 0.0% versus Previous: 0.4%)

*18:00 U.S. Unemployment Claims (Expected: 236k versus Previous: 233K)*

*18:00 U.S. Retail Sales m/m (Expected: 0.4% versus Previous: 0.0%)*

*18:45 U.S. Industrial Production m/m (Expected: -0.3% versus Previous: 0.6%)*

News Headlines from Business News Agencies

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Torrent Pharma seeks to raise $3 bn for KKR's stake in JB Chemicals

📝 India can become a $55 tn economy by 2047 with 8% growth: IMF exec director

📝 Indian ports make bunkering activity gains amid Red Sea crisis: S&P

📝 EEPC India, ISSDA sign MoU to promote MSME exports, international trade

📝 Godrej Industries Q1 results: Profit up 81% at Rs 322 cr on higher income

📝 Subdued discretionary spending to hit India's IT services growth: Report

📝 PayU-backed Vayana raises $20.5 million in Series D funding round

📝 EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

📝 Sugarcane set to reclaim dominance as ethanol feedstock next year: Industry

📝 Marico resumes normal manufacturing ops at Bangladesh plants

📝 RBI deputy Guv cautions against use of CBDC as 'safe havens' during crisis

📝 Zee's Securities Issue & Allotment Committee approves FCCBs worth $239 mn

📝 Reliance Retail gets Rs 14,839 cr debt from parent for strategic growth

*Economic Times*

📝 India's interest rate derivatives to get boost as top insurer LIC enters market

📝 Boeing partners with AIESL to provide services to Indian Navy's P-8I aircraft

📝 Ethnic wear brand Fashor raises $5 million funding from Blume Ventures

📝 Vedanta to sell 2.6% stake in Hindustan Zinc via OFS

📝 Alembic gets USFDA nod for generic medication

📝 Air India Express unveils six new daily direct flights, expands connectivity across India

📝 Trai orders telcos to stop promotional calls from unregistered senders

📝 AirAsia launches new route from Port Blair to Kuala Lumpur

📝 SBI aims to sell its Yes Bank stake worth Rs 18,420 cr by end-March

📝 India to offer incentives for critical minerals extraction, govt source says

📝 Awfis posts Q1 net profit of Rs 2.8 crore, op revenue up 37% on year

*Mint*

📝 Maruti Suzuki begins export of ‘Made in India’ Fronx model to Japan

📝 India orders unusual recall of reports on Apple antitrust probe: Report

📝 UK unemployment rises to 4.4 per cent as earnings growth remains high

📝 Huawei readies new chip to challenge Nvidia, surmounting US sanctions

📝 PhonePe launches pre-approved term life insurance

📝 LIC decreases stake by 2 percent in air conditioners giant Voltas

📝 Gujarat govt to cover Vande Bharat Train costs for state employees under LTC

📝 NCLT approves Sarda Energy's resolution plan for SKS Power

📝 Indus Towers launches share buyback: 56.77M shares at ₹465

📝 Govt to launch all-India drive to weed out fake GST registrations from 16 August

📝 Reliance Infrastructure launches new real estate subsidiary with ₹1 lakh capital

📝 Travel fintech Niyo set for comeback after SBM India ban disrupted growth plans

FII DATA as on 13/08/2024

FII DATA as on 13/08/2024

(fig in crores) Cash Market

FII Net (2,107.17)

FII Buy 14,502.44   

FII Sell 16,609.61              

Advisory: India Vix : 16.17

FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 2107 crore. In the Index futures segment, they sold worth Rs. 2421 crores, with an increase in OI, suggesting a short addition. In the derivatives segment, we observed fresh short additions in both key indices ahead of the expiry session. On the options front, 24000 PE withholds the highest OI concentration, suggesting an intermediate and strong support zone. On the flip side, significant piling in the nearby CE strikes of 24200-24300 indicating strong hurdle on the higher end for Nifty. The Long Short Ratio further slipped to 48% from 51%, amidst short additions by the stronger hands. Considering the recent developments, our market seems tentative and any decisive correction can lead to further plunge. It is advisable to refrain from aggressive bets as volatility is likely to rise on the weekly settlement session.

Advisor is online 14/08/2024

Advisory: Good Morning.

Advisory: Advisor is online.

Kindly post your query as and when they arise.

GIFT Nifty: 24194

Advisory: Market Pre-opening

Advisory: Support / Resistance : Intraday

Nifty Futures :

S1 - 24050 S2 - 23950

R1 - 24350 R2 - 24500

BankNifty Futures :

S1 - 49750 S2 - 49500

R1 - 50500 R2 - 51000

FinNifty Futures :

S1 - 22550 S2 - 22450

R1 - 22800 R2 - 22950

MIDCPNIFTY :

S1 - 12500 S2 - 12440

R1 - 12650 R2 - 12730

S&P BSESENSX :

S1 - 78650 S2 - 78350

R1 - 79500 R2 - 80000

Nifty Highest Open Interest (14th Aug Weekly expiry) : Call: 25000 / Put : 23500.

Market Indication:-13/08/2024

Market Indication:-

Global: FLAT to POSITIVE

NIFTY: FLAT to POSITIVE

BANKNIFTY:  FLAT to POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.03 on August 12, from 1.09 levels in the previous session.

BULK Deals: Saregama India, Hatsun Agro Product etc.

Stocks In F&O Ban Period: Sun TV Network, Aditya Birla Capital, Aditya Birla Fashion and Retail, Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL

Results Today: Hero MotoCorp, Hindalco Industries, FSN E-Commerce Ventures Nykaa, Allied Blenders and Distillers, Allcargo Logistics, Anupam Rasayan India, Apollo Hospitals Enterprise, Ashoka Buildcon, Dilip Buildcon, Eclerx Services, Emcure Pharmaceuticals, Endurance Technologies, Godrej Industries, HEG, Ipca Laboratories, Indian Railway Catering and Tourism Corporation, Manappuram Finance, Medi Assist Healthcare Services, Max Financial Services, Samvardhana Motherson International, MTAR Technologies, Muthoot Finance, Nazara Technologies, NBCC India, Piramal Enterprises, Religare Enterprises, SJVN, and TBO Tek

GIFT NIFTY:  (Negative) 

24329   -14.00    -0.06%

Nifty likely to find support

Nifty likely to find support at around

24100 while 24600 is likely to act as the resistance level.

Bank Nifty likely to find support at around 50000 while

50900 is likely to act as resistance level on the upside.

Asian markets opened on a positive note led by the

Japanese equity. Japanese indices advanced by more

than 2% in early trade as a weaker yen supported the

export-oriented economy. The markets have settled and

erased majorly all losses of the past week global rout

after a reassessment of the yen carry unwinding. As on

8a.m. IST, the Hang Seng index and KOSPI index are

relatively flat and the Nikkei 225 index is up by 810

points.

Market Indication:- 09/08/2024

Market Indication:-

Global: FLAT to POSITIVE

NIFTY: FLAT to POSITIVE

BANKNIFTY:  FLAT to POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, climbed to 1.04 on August 8, from 0.88 levels in the previous session.

BULK Deals: Protean eGov Technologies, Apollo Micro Systems etc.

Stocks In F&O Ban Period: Punjab National Bank, Aditya Birla Capital, Aditya Birla Fashion and Retail, Birlasoft, GNFC, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, RBL Bank

Results Today: Grasim Industries, Alkem Laboratories, Honasa Consumer, Siemens, Zydus Lifesciences, Apollo Micro Systems, Bajaj Consumer Care, Balkrishna Industries, Bharat Dynamics, Berger Paints India, Concord Biotech, Engineers India, General Insurance Corporation of India, India Cements, Inox Wind, IRB Infrastructure Developers, Jubilant FoodWorks, Info Edge India, SJVN, Sundaram-Clayton, Sun TV Network, Suven Pharmaceuticals, Trent, and Wockhardt 

GIFT NIFTY:  (Positive)

24381   +280.50    +1.16%