Markets open with weakness, Sensex falls by over 400 points – News18

Mumbai . On Monday, the first trading day of the week, the Indian stock market opened with a fall. Sensex is trading at the level of 52700 with a fall of more than 400 points. The market opened on a weak note due to weak global cues. On the other hand, Nifty is trading at a level of 15,760.95, down 162.45 points or 1.02 percent.

Global signals are looking weak on the first day of the week. The Asian market is trading down about one percent. The same SGX NIFTY and DOW FUTURES have also slipped more than 160 points. After the WEAK figure of CONSUMER SENTIMENT INDEX, DOW JONES had dropped 300 points on Friday.

GR INFRAPROJECTS LISTING TODAY

Road sector company GR INFRAPROJECTS will be listed today. Its issue price is Rs 837. At the same time, the IPO of CLEAN SCIENCE will be listed today. The issue price is Rs 900. Both the IPOS got bumper SUBSCRIPTIONS.

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Monsoon session of Parliament from today

Monsoon session of Parliament will start from today. Parliament proceedings will continue till August 13. In the all-party meeting yesterday, Prime Minister Modi has expressed hope for a healthy, meaningful and peaceful discussion.

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strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its resistance zone is 15971-16010 and the larger resistance zone is 16053-16087. The base zone is 15848-15816 (10 DEMA) and the larger base zone is 15766-15741 (20 DEMA). There was pressure in the US markets on Friday but the weakness of crude will help today. Note- Dow Futures is under a lot of pressure. There are put writers active at 15900-800 zone, call writers at 16000-16100. 16087-15741 is the important trade zone for the week. Buy the fall but let the initial volatility cool off first. Buy but trade long only above 15741. Cement, IT, Metal stock looks very strong.

strategy on nifty bank

Virendra Kumar says that its resistance zone is 35840-35960. The major resistance zone is 36080-36260. The base zone is at 35608-35510 (10 DEMA) and the larger base zone is at 35340-35240 (20 DEMA). Initial uproar, let the results action on HDFC Bank end first. It has to be seen whether the index holds 10 DEMA or holds 20 DEMA or not. Looking at the crude, do not think of going short at all as Dow Futures is under a lot of pressure.

HDFC Bank Q1 results forecast weak

HDFC Bank’s Q1 results were weaker than expected. Both interest income and profit were lower than expected. For the first time, NII growth was seen in a single diet. Provisioning has also increased due to higher slippages. At the same time, HDFC AMC’s profit was higher than anticipated due to other income.

HCL TECH Q1 Result today

HCL TECH will present its first quarter results today. A 2% increase in dollar revenue is possible but margins are expected to remain flat. The results of HDFC LIFE, ACC, NIPPON LIFE India will also be awaited today.

ZOMATO IPO closes at 38 times

The IPO of ZOMATO got a good response. The issue was closed by filling 38 times on Friday. Today is the second day of IPO of TATVA CHINTAN PHARMA. So far the issue has been filled more than 4 times.

Decision to increase crude supply from August

OPEC + has agreed to increase the supply of crude oil from August. The plan is to phase out the production cut of 5.8 million barrels per day by September 2022. The price of Brent has come down to $ 73.

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