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%

Market Indication

Market Indication:-

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY:  FLAT to NEGATIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.88 on August 7, from 0.71 levels in the previous session.

BULK Deals: TCNS Clothing Company, ADF Foods etc.

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

Results Today: Eicher Motors, Life Insurance Corporation of India, ABB India, Oil India, Bharat Forge, Biocon, Alembic Pharmaceuticals, Astral, Astrazeneca Pharma, Bajel Projects, Gujarat State Petronet, IRCON International, Minda Corporation, MRF, Page Industries, Rail Vikas Nigam, Steel Authority of India, Sobha, Unichem Laboratories, and Va Tech Wabag 

GIFT NIFTY:  (Negative)

24228   -157.00    -0.64%

Securities in Ban For Trade Date 08-AUG-2024 -

Securities in Ban For Trade Date 08-AUG-2024 - 

1.ABCAPITAL, 

2.ABFRL, 

3.BSOFT, 

4.GNFC, 

5.HINDCOPPER, 

6.INDIACEM, 

7.INDIAMART, 

8.LICHSGFIN, 

9.MANAPPURAM, 

10.RBLBANK 

 (Source - nseindia.com)

FII DATAas on 07/08/2024

FII DATA

as on 07/08/2024

(fig in crores) Cash Market

FII Net (3,314.76)

FII Buy 14,094.77 

FII Sell 17,409.53              

Advisory: India Vix : 16.17

FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 3315 crore. In the Index futures segment, they sold worth Rs. 1032 crores, with a mere rise in OI, suggesting a mixed day of trade. In the derivatives segment, we observed short covering in the benchmark index, while . On the options front, a decent piling of OI is seen at 24300-24100 PE strikes, suggesting a gradual upshift in the support zone, followed by the highest concentration at 24000 strikes. On the flip side, 24500 CE withholds the highest OI concentration, suggesting stiff resistance for Nifty. The Long Short Ratio further corrected to 56% from 57%. Considering the respite in global markets and modest recovery on the derivatives front, it is anticipated to have further relief. Though, it is advisable to stay light on positions and avoid aggressive bets, until global uncertainty prevails.

Advisor is online 08/08/2024

Advisory: Good Morning.

Advisory: Advisor is online.

Kindly post your query as and when they arise.

GIFT Nifty: 24200

Advisory: Market Pre-opening

Advisory: Support / Resistance : Intraday

Nifty Futures :

S1 - 24050 S2 - 23900

R1 - 24450 R2 - 24550

BankNifty Futures :

S1 - 50050 S2 - 49800

R1 - 50500 R2 - 50700

FinNifty Futures :

S1 - 22750 S2 - 22600

R1 - 22980 R2 - 23070

MIDCPNIFTY :

S1 - 12450 S2 - 12320

R1 - 12630 R2 - 12700

S&P BSESENSX :

S1 - 79200 S2 - 78800

R1 - 79700 R2 - 80000

Nifty Highest Open Interest (8th Aug Weekly expiry) : Call: 25000 / Put : 24000.

Securities in Ban For Trade Date 07-AUG-2024

Securities in Ban For Trade Date 07-AUG-2024 - 

1.ABCAPITAL, 

2.BSOFT, 

3.CHAMBLFERT, 

4.GNFC, 

5.GRANULES, 

6.HINDCOPPER, 

7.INDIACEM, 

8.INDIAMART, 

9.LICHSGFIN, 

10.MANAPPURAM, 

11.RBLBANK

 (Source - nseindia.com)

Key levels for Nifty Bank

Key levels for Nifty Bank

📊Resistance levels based on pivot points: 49,843, 50,669 and 51,062

Support based on pivot points: 49,639, 49,395 and 49,002

Resistance based on Fibonacci retracements: 50,525, 51,073

Support levels based on Fibonacci Retracement: 49,719, 48,863

Special Pattern : Nifty Bank also recorded a large bearish candlestick pattern on the daily charts with negative bias in momentum indicator but successfully defended the 50% Fibonacci retracement level (49,719 derived from 4 June low and 5 July all time high) at the close of another trading session.

Market Indication:-

Market Indication

Global: POSITIVE

NIFTY: POSITIVE

BANKNIFTY:  POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, declined to 0.71 on August 6, from 0.72 levels in the previous session.

BULK Deals: Zydus Wellness,Tata Consumer Products etc.

Stocks In F&O Ban Period: LIC Housing Finance, Manappuram Finance, Aditya Birla Capital, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, India Cements, IndiaMART InterMESH, RBL Bank

Results Today: Godrej Consumer Products, Aadhar Housing Finance, Abbott India, Aditya Birla Fashion and Retail, Apollo Tyres, Balaji CARE Ratings, Chemplast Sanmar, Coromandel International, Gandhar Oil Refinery, Godfrey Phillips, Gujarat Pipavav Port, Happy Forgings, ITD Cementation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Lemon Tree Hotels, NHPC, NLC India, Sula Vineyards, Welspun Corp, Zee Media Corporation

GIFT NIFTY:  (Positive)

24307   +262.50    +1.09%

WHATS THE PANIC GRIPPING THE FINANCIAL WORLD

*WHATS THE PANIC GRIPPING THE FINANCIAL WORLD* 

💥Entire world market downturn is related to the Japanese currency, Yen. Here's the sequence of events: Nothing to do with Israel - Iran war..💥

1. Two weeks ago, the Japanese Yen was trading at 165 Yen per 1 USD (i.e., 1 USD = 165 Yen).

2. For over 30 years, Japan has maintained zero interest rates (even on loans, there was zero interest).

3. Many organizations, funds, and hedge funds took advantage of this by borrowing large amounts from Japan and investing it in the US markets (double benefit of zero interest money and the dollar always appreciating against the Yen).

4. Additionally, since the investment was substantial, most hedge funds also shorted the Yen to hedge their positions (similar to selling call options for easier money).

5. Everything was going smoothly; people had been making free money for years, and this is why Japan is the largest investor in US markets due to its zero-interest money.

6. What changed? Last week, the JCB (Japan Central Bank, similar to RBI in India) decided to raise interest rates by 25 bps after almost 30+ years. And from here, everything changed.

7. Now, zero interest money is no longer zero interest, and there is an additional cost on all your existing loans. Hence, most of the funds that had taken this free interest loan and invested it in the US market started selling off everything to get the money and close the loan (because the US market was already overbought and now these loans no longer had zero interest)

8. Due to the increase in interest, the Yen started appreciating against the dollar, reaching 1 USD = 145 Yen (this was a significant increase in currency value in just 2 days).

9. Now, most of the people who had shorted the Yen (as mentioned in point 4) had to cover their positions because the Yen appreciated significantly in just 2 days. Their call options, which were in between, started moving wildly like the Sensex.

10. Now imagine you took a loan in Yen when 1 USD = 165 Yen and invested it in the US market. Suddenly, 1 USD = 145 Yen, so regardless of your returns, you have a direct cross-currency loss of 13%. (Assume you took a loan of 16,500 Yen which was equal to 100 USD, and now 16,500 Yen is equal to 113 USD. Even if there is no interest, you have a direct loss of 13% due to the Yen appreciating.)

11. In such a scenario, wouldn’t you sell everything to save yourself? What is the solution to this situation?

   The simple solution is that the US needs to lower its interest rates to counter this. If a mountain is formed somewhere, it has to be countered elsewhere. If the mountain is in Japan, the US will have to act. 

 *The Indian market suffered primarily due to heavy selling by Foreign Institutional Investors (FIIs) as a result of the panic in Japan and the US.*

Meaning of stock market crash

Meaning of stock market crash

5% Fall : Pullback

10% Fall : Correction

20% Fall : Bear Market

>30% Fall : Crash

>50% Fall : Recession 

So right now Indian Market has not even reached PULLBACK. 

US Market (Nasdaq) has entered CORRECTION. 

Japan’s (Nikkei) Market has entered BEAR MARKET.

Fall from All Time High

Fall from All Time High: 

*Autralia*

 8375 High, 

Today close 7859 

Fallen by 6.3%.

*Taiwan* 

24416 High, 

Today close 19830 

Fell 20%

*Korea* 2896 High, 

Today close 2441 

Fell 16%

*Singapore* 3509 High, Today close 3243 

Fell 8%

*Honkong* 19700 High Today close 16700 

Fell 15%

*India* 

25070 High 

Today close 24070 

Fell 4% - *Lowest*

*Japan* 42426 High Todays close 31426 

Fell 25% - *Highest*

Economic Calendar – 05.08.2024

*Economic Calendar* – 05.08.2024

10:30 INDIA Service PMI (Expected: 61.6 versus Previous: 60.5)

13:30 EURO Final Services PMI (Expected: 51.9 versus Previous: 51.9)

14:00 U.K. Final Services PMI (Expected: 0.3% versus Previous: 0.3%)

*19:30 U.S. Final Services PMI (Expected: 51.3 versus Previous: 48.8)*

News Headlines from Business News Agencies

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Bharat Coking Coal pays first-ever Rs 44 crore dividend to Coal India

📝 Omkara ARC emerges as winning bidder for SASF's Rs 6,151 cr NPA portfolio

📝 Hinduja group did not deposit funds for RCap acquisition: Administrator

📝 Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore

📝 SBI Q1 net profit rises 0.9% to Rs 17,035 cr, NII up 5.7% at Rs 41,125.5 cr

📝 Junk papers share of total bonds value at 20-month high in July

📝 Ford may re-enter India after 2021 exit as western markets face speed bumps

📝 Sovereign gold bond redemption value falls over 4% on Budget duty cut

📝 RBI intervenes as rupee falls to new low; hits 83.76 against US dollar

📝 Oil prices settle at 8-month low after disappointing US job numbers

📝 Forex reserves decline by $3.47 bn to $667.386 bn, shows RBI data

📝 JPMorgan to closely monitor Indian bond liquidity after investor curbs

📝 Sebi looks to boost capital raising, plans to streamline IPO filing

📝 Resolutions under Insolvency and Bankruptcy Code highest in FY24: Crisil

📝 Record 72.8 million ITRs filed till Jul 31 deadline, says I-T department

*Economic Times*

📝 FPIs begin August as net sellers, offload Indian equities worth Rs 1,027 crore in two sessions

📝 BSNL subscribers on rise, homegrown 4G network ready, says Jyotiraditya Scindia

📝 Finmin asks state-owned general insurance companies to focus on profitable businesses

📝 Numaligarh Refinery's expansion will augment crude refining capacity: Hardeep Puri

📝 Innovation to propel Assam into global electronics supply chain: Tata Sons chairman N Chandrasekaran

📝 RBI has agreed to Tata Sons' restructuring plan, which exempts the holding company from mandatory stock exchange listing.

📝 Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firm

📝 Aurm to set up safe deposit facilities with 5000 lockers in FY24

📝 India ranks 5th in Asia-Pacific cross-border realty investments, draws $3 bln in H1

📝 PHDCCI names Ranjeet Mehta as CEO, secretary general

📝 OPEC+ sticks to policy of unwinding output cuts, plans to reduce cuts from October.

📝 India's dairy sector expected to clock 13-14 pc revenue growth this year on strong demand

*Mint*

📝 Nvidia’s new AI chip delayed due to design flaws, says report

📝 Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18

📝 Fratelli Vineyards to debut on exchanges, aims to become ₹650-cr biz by 2028

📝 SBI to maintain net interest margin at 3.2-3.4%, keep an eye on deposit costs

📝 SBI Q1: Board approves fundraising of up to ₹25,000 crore via bonds in FY25

📝 NTPC, Nuclear Power Corp. to start project by March, spending ₹50,000 crore

📝 Goa, India's hottest beach destination, emerges a luxury real estate hotspot

📝 Maruti Suzuki will continue efforts in low-cost car segment for budget buyers

📝 Intel records $1.6 billion Q2 net loss; shares plunge 26% over growth forecasts

📝 Myntra’s Nandita Sinha gets additional responsibility to lead Flipkart Fashion

📝 HZL seeks Indian partner to set up manufacturing plant for zinc-based batteries

📝 Reliance Capital lenders accuse IIHL of non-compliance, company denies claims

📝 Brazil Central Bank Tightens Rules for Meetings With Outside Institutions

📝 Delhivery to launch dark store network for rapid e-commerce deliveries

WHAT HAPPENED OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> US jobs scare triggered multi-sigma moves !

-> SPX -1.84%, Nasdaq -2.43%, Russell 2000 -3.52%

-> UST 2y yield lost 26 bps to 3.87%

-> VIX climbed up to 28

-> Dollar Index -1.16% to 103.21

-> Fed cut pricing soars after jobs

-> Brent Oil -2.8% to $77.27/bbl

-> Fedspeak, initial jobless claims, ISM services employment data next week

TATA MOTORS

TATA MOTORS: Q1 CONS NET PROFIT 55.66B RUPEES VS 32.03B (YOY); 174.07B (QOQ)

TATA MOTORS: Q1 REVENUE 1.08T RUPEES VS 1.02T (YOY); 1.19T (QOQ)

TATA MOTORS: Q1 EBITDA 157.85B RUPEES VS 132.17B (YOY) || Q1 EBITDA MARGIN 14.61% VS 12.93% (YOY)

TATA MOTORS: CO HAS AN EXCEPTIONAL ITEM OF LOSS 430M RUPEES || Q1 PBT 86.98B RUPEES VS 53.30B (YOY) 

TATA MOTORS: JLR LIKELY TO WITNESS CONSTRAINED PRODUCTION IN Q2 AND Q3 || JLR CONSTRAINED PRODUCTION DUE TO ANNUAL SUMMER PLANT SHUTDOWN

TATA MOTORS: CO SAYS GLOBAL DEMAND IS LIKELY TO REMAIN MUTED EXPECT GRADUAL IMPROVEMENT IN DOMESTIC DEMAND DURING REST OF YEAR EXPECT TO PICK-UP PV DEMAND DURING FESTIVE PERIOD

TATA MOTORS: JLR INCREASES INVESTMENT FROM £15 BILLION TO £18 BILLION OVER FIVE YEARS

TATA MOTORS: CO SAYS DEMERGER OF COMPANY'S COMMERCIAL VEHICLES BUSINESS FROM TML TO TMLCV || MERGER OF TMPV UNDERTAKING PASSENGER VEHICLES BUSINESS WITH TML

TATA MOTORS: CO SAYS DEMERGER OF CV BUSINESS UNDERTAKING OF TATA MOTORS INTO SEPARATE LISTED COMPANY || SHARE ENTITLEMENT RATIO WILL BE 1:1

TATA MOTORS: CO SAYS DEMERGER OF CV BUSINESS CAN TAKE AROUND 12-15 MONTHS TO COMPLETE

WHAT HAPPENED OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> SPX -1.37%, Nasdaq -2.30%, Russell 2000 -3.25%

-> UST 10y yield lost 6 bps to 3.97%

-> Dollar Index rises to around 104.34

-> US initial jobless claims soar to 249k, much higher than expected & prior

-> US ISM employment subcomponent fell to 43.3, down to 2020 lows !

-> US jobs data tonight will closely watched

-> Oil down 0.7% to $80.15/bbl

Advisor is online 02/08/2024

Advisory: Good Morning.

Advisory: Advisor is online.

Kindly post your query as and when they arise.

GIFT Nifty: 24800

Advisory: Market Pre-opening

Advisory: Support / Resistance : Intraday

Nifty Futures :

S1 - 24700 S2 - 24600

R1 - 25100 R2 - 25200

BankNifty Futures :

S1 - 51500 S2 - 51200

R1 - 52000 R2 - 52300

FinNifty Futures :

S1 - 23450 S2 - 23350

R1 - 23650 R2 - 23750

MIDCPNIFTY :

S1 - 12750 S2 - 12650

R1 - 12950 R2 - 13050

S&P BSESENSX :

S1 - 81650 S2 - 81350

R1 - 82100 R2 - 82400

Nifty Highest Open Interest (8th Aug Weekly expiry) : Call: 26000 / Put : 24000.

FII DATA as on 01/08/202

*FII DATA

as on 01/08/2024

(fig in crores) Cash Market

FII Net 2,089.28

FII Buy 17,860.22 

FII Sell 15,770.94           

Advisory: India Vix : `12.93

FIIs were net buyers in the cash market segment, as they bought stocks worth Rs. 2089 crore. In the Index futures segment, they bought worth Rs. 1390 crores, with rise in OI, suggesting long formation. In the derivatives segment, we observed the addition of mixed bets in key indices. For the upcoming weekly series, the 25,000 strike prices for both call and put options have accumulated a significant position and currently exhibit the highest open interest concentration. This suggests a potential increase in volatility in the coming sessions. Foreign Institutional Investors (FIIs) have become net buyers in both equities and the index futures segment. Given the market's inherent strength and the fact that any dips are being bought into, but at the same time momentum at these elevated levels is notably lacking, which is not particularly encouraging. For now, it is advisable to avoid aggressive long positions and focus on individual stocks.

Economic Calendar – 02.08.2024

*Economic Calendar – 02.08.2024*

*18:00 U.S. Non-Farm Employment Change (Expected: 176K versus Previous: 206K)*

*18:00 U.S. Unemployment Rate (Expected: 4.1% versus Previous: 4.1%)*

*18:00 U.S. Average Hourly Earnings m/m (Expected: 0.3% versus Previous: 0.3%)*

19:30 U.S. Factory Orders m/m (Expected: -2.7% versus Previous: -0.5%)