By The market is expected to be opened in green as a trend in SGX Nifty shows a positive opening for a broader index in India with an increase of 53 points.
BSE Sensex fell 52 points to 58,299, while Nifty50 dropped 6 points to 17,382 and formed a Bearish candle on the daily graph yesterday.
According to the pivot graph, the main level of support for nifty is placed at 17,199, followed by 17,015. If the index moves upwards, the main resistance level to watch out for is 17,528 and 17,674.
Wall Street stock ends mixed, with the advantage of high growth stocks offset by obstacles from energy stocks, when the main report of US work soars on Friday. S&P 500 rose slightly lower to 4,151.94, withdrawing from the closure of two months closed in the previous session.
Dow fell 0.26% to 32,726.82, from almost three months on Wednesday. Nasdaq, however, swung 0.44% gain to 13,311,041 from a sharp initial loss, extending the peak of three months.
Asian Market
Stocks in Asia-Pacific are Flat Friday because China conducts military training around Taiwan. Nikkei 225 and Topix Index in Japan are a higher fraction. S&P/ASX 200 Australia sits right below the flat line. In South Korea, Kospi rose 0.52% and Kosdaq rose 0.45%. The area of the Asia-Pacific shares of MSCI outside Japan added 0.19%.
Sgx nifty
The SGX Nifty trend shows a positive opening for a broader index in India with an increase of 53 points. Nifty Futures traded around 17,450 levels at Singapore’s exchange.
Bank of England raised the main interest rate by 50 bps, the highest since 1995
Bank of England raised the most interest rates in 27 years on Thursday, although there was a warning that a long recession was on the way, because it rushed to strangle the inflation improvement which is now determined to be the top 13%.
Shaken from the surge in energy prices caused by the Russian invasion to Ukraine, the Boe Monetary Policy Committee gave a vote of 8-1 for a half -percentage increase in the bank level to 1.75% – the highest level since the end of 2008 – from 1.25%.
The increase in 50-Basis-Poin has been expected by most economists in Reuters’ opinion polls as central banks around the world scrambling to withstand price surges.
Results on August 5 and August 6
Results on August 5: Mahindra & Mahindra, Titan Companies, Indian Engineers, NMDC, FSN E-Commerce Ventures (NYKAA), IRB Infrastructure Developers, One Communication 97, Petronet LNG, Fashion and Retail Aditya Birla, Alkem Laboratory, Pfizer, Raymond Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Raymond, Ritmond Computers, Eris Lifesciences, Fortis Healthcare, Greenly Industries, Minda Corporation, Indigo Paints, Motherson Sumi Wiring India, R Systems International, Indian company delivery, Talbros Engineering, UCO Bank, and Zensar Technology.
Results on August 6: Bank Negara India, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Marico, Continued Enzyme Technologies, Affle (India), Amara Raja Battery, Birla Corporation, Rossari Biotech, Skipper, Indo Rama Synthetics (India), India outside State of Bank, Indian Pesticides, Jagran Prakashan, Khadim India, Lumax Auto Technologies, Mahang Gas, Neogen Chemicals, Tarsons Products, Usha Martin, and West Coast Paper Factory.
SBI Q1’s net profit is seen 16% up but treasury can be an obstacle
The State Bank of India (SBI) is expected to report the growth of strong balance sheet, improving the quality of assets and healthy core flower income for the June quarter. Treasury operations can be proven to be the Achilles heel from the largest lender in the country in the quarter ended in June, which will report his income on August 6. The average estimate by 10 securities companies showed that the net profit in the June SBI quarter would occur at 7,495 CRORE Hospital, up 16 percent of the years-year.
FII and DII data
Investors of Foreign Institution (FII) Net bought shares worth 1,474.77 Crore RS, while Institutional Investors Investors (DIIS) shares were sold at 46.79 CRORE RS on August 4, according to temporary data available in NSE.
Oil prices extend losses for fears of demand
Oil prices extend losses on Friday, after reaching the lowest since before the Russian February invasion to Ukraine in the previous session, because the market was worried about the impact of inflation on the growth and demand of the global economy.
Brent crude oil dropped 10 cents, or 0.1%, to $ 94.02 per barrel by 0047 GMT, while the US West Texas intermediary crude oil reached $ 88.48 per barrel, down 6 cents.
Our weekly unemployment claims increase, but the labor market remains tight
The number of Americans who submitted new claims for unemployment allowances increased last week, showing some sauce in the labor market, although the overall conditions remain tight.
It was underlined by other data on Thursday which showed a decrease in sharp layoffs announced by companies based in the U.S. in July. The level of unemployment claims is still low and rapid speed to recruit the view that the economy is not in the recession despite the gross domestic product contract in the first round.
Stock under the prohibition of f&O in NSE
National Stock Exchange has added escort to the F&P ban on August 5 as well. Effects in the prohibition period under the F&O segment including companies where security has crossed 95 percent of the market position limit.