The Nifty opened at 17095.40 with a gap up of 19 points. The index first recorded its intraday low at 17059.70 within the first 5 minutes of trading and then started an upside move. Prices have rallied throughout the day. The index recorded its intraday high at 17245.50 in the second half and moved sideways in the last hour. The index finally closed at 17234.15. All the sectoral indices have closed with gains except Auto that ended with a loss of 0.21%. IT, FMCG and Realty have led the bulls and ended with a gain of more than 1%. The index rallied for the whole day and finally ended with a gain of almost 1% above 17200. The index recorded lifetime new highs at 17245.The short term trend is up. We should look for buying opportunities only on dips and breakouts.
Bank Nifty opened at 36588.40 with a gap up of 76 points. The index first consolidated and recorded its intraday low at 36469. That consolidation broke on the upside and prices have seen a sharp intraday rally. The index then again consolidated and finally resumed on the upside again to record its intraday high at 36895.55. Private Banks have outperformed and closed with a gain of 0.77%. PSU Banks have seen an underperformance and ended lower by 0.45%. Within the index, Kotak Bank contributed highest while Bandhan Bank the lowest. It was a trend day on the upside. The index ended with a gain after two days of volatile and sideways movement.
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|WIPRO||651.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 644 and for the target 662|
|MCX||1544.90||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1520 and for the target 1580|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MGL||1200 CE||BUY||27.35||CMP||22||36||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FINNIFTYW.21.09 Sep||18182.8||0.22||300||160||IPCALAB.21.09 Sep||2489.5||-2.06||19.52||157050|
|DIXON.21.09 Sep||4315||3.79||60.97||295375||COFORGE.21.09 Sep||5178||-0.04||17.34||870400|
|INDIAMART.21.09 Sep||8196||6.55||40.87||145800||ESCORTS.21.09 Sep||1316||-2.75||12.28||7230850|
|AARTIIND.21.09 Sep||925.35||0.44||25.05||3331150||M&M.21.09 Sep||756.4||-2.15||11.61||13665400|
|IEX.21.09 Sep||568.4||1.06||24.79||5297500||IBULHSGFIN.21.09 Sep||231.9||-0.39||7.69||40058200|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|POLYCAB.21.09 Sep||2217||3.68||-7.29||442500||HINDALCO.21.09 Sep||458||-0.05||-0.96||35135300|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||175.75||0.06||10158768||6577365||74.21||Nifty it||34680.3||1.67||97533|
|Infosys Limited||1689.1||0.68||6830050||5675014||72.74||Nifty Fmcg||40296.4||1.64||97533|
|Tata Consultancy Serv Lt||3836.75||3.28||3403717||1863636||70.5||Nifty Realty||413.45||1.25||97533|
|Hdfc Life Insurance Comp||759||5.63||16281725||3359761||67.31||Nifty Pharma||14458.5||0.97||97533|
|Icici Prudential Life In||676.1||2.68||6392642||1365868||64.82||Nifty 50||17234.15||0.92||97533|
|Hcl Technologies Ltd.||1172.75||0.7||5224479||2037053||63.65||Nifty Metal||5653.3||0.73||97533|
|Hdfc Bank Ltd.||1589||0.63||4809262||3924656||63.19||Nifty Bank||36831.3||0.7||97533|
|Hdfc Ltd.||2777.7||1.09||1734037||1887231||61.19||Nifty Energy||20466||0.54||97533|
|Dixon Technologies (indi||4294.25||3.66||630735||133585||60.77||Nifty Media||1615.9||0.33||97533|
|Hindustan Unilever Ltd||2801.05||2.49||1946183||1070028||60.26||Nifty Auto||10022.45||-0.21||97533|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth & Bank Loan Growth on 3rd September, 2021
INR: Nikkei Services PMI (Aug) on 3rd September, 2021
|•USD: Nonfarm Payrolls (Aug) on 3rd September, 2021
•USD: Unemployment Rate (Aug) on 3rd September, 2021
•Dr. Reddy’s Laboratories Ltd. and Natco Pharma Ltd. have launched a generic of a blood cancer pill in Canada. The Canadian subsidiaries of both drugmakers have launched lenalidomide capsules, a generic of Revlimid, according to their exchange filings. That’s used to treat multiple myeloma — a cancer of plasma cells and the second-most common form of blood cancer in patients who are not eligible for stem cell transplant.
•NSE International Exchange (NSE IFSC) on September 2 announced that it has listed Indian Oil Corporation Limited’s foreign currency bonds on its Debt Securities Market platform. The company’s foreign currency bonds of $1.4 billion and Singapore $400 million have been listed on NSE IFSC and India INX exchanges, Sandeep Kumar Gupta, Director — Finance, Indian Oil, said. “The advent of IFSC at Gift City has provided an opportunity for Indian companies to access offshore funds within India, and we believe that today’s listing of our bonds is a step in that direction,” he added.
•Icra Ratings has revised the steel sector’s outlook to positive from stable following all large listed steel companies reporting their best ever quarterly performance in Q1FY22, and the earnings outlook remaining healthy for the remaining months of the fiscal. Given the strong earnings growth and capex curtailments following the pandemic related uncertainty, steelmakers started to aggressively deleverage since the second quarter of FY2021.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BIRLAPREC||Preferential Issue of shares||03-Sep-21||HARISH||A.G.M.;General;Preferential Issue||03-Sep-21|
|CAPRICORN||A.G.M.||03-Sep-21||HDFCLIFE||Preferential Issue of shares||03-Sep-21|
|CFEL||A.G.M.;Final Dividend;In.in Auth. Cap.||03-Sep-21||INDRANIB||A.G.M.||03-Sep-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ADSL||03-Sep-21||Final Dividend – Rs. – 0.7500||VICTMILL||03-Sep-21||Final Dividend – Rs. – 50.00|
|BANCOINDIA||03-Sep-21||Dividend – Rs. – 2.00||YUKEN||03-Sep-21||Final Dividend – Rs. – 0.60|
|BBTC||03-Sep-21||Dividend – Rs. – 1.20||ALBERTDA||06-Sep-21||Dividend – Rs. – 6.00|
|MOTHERSUMI||03-Sep-21||Final Dividend – Rs. – 1.50||BHARATRAS||06-Sep-21||Final Dividend – Rs. – 1.50|
|NGIL||03-Sep-21||Final Dividend – Rs. – 0.10||CARERATING||06-Sep-21||Final Dividend – Rs. – 6.00|
|SMLT||03-Sep-21||Final Dividend – Rs. – 1.00||CHEMCRUX||06-Sep-21||Bonus issue 2:1|
|SPAL||03-Sep-21||Final Dividend – Rs. – 2.2500||DECCANCE||06-Sep-21||Final Dividend – Rs. – 5.00|
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