Day of rebound; Nifty reclaims 19,500. Mid & smallcaps outperform; gain nearly a percent.
IT & private banks were among gainers; autos & realty skid.
SBI Q1 disappoints as NIM dips, slippages increase QoQ. SBI QoQ loan growth did not impress the street.
M&M reports strong Q1; profit zooms over 98% YoY.
Catch Nandita Khemka and Santosh Nair as they talk about the newsmakers on their radar including M&M and Eicher Motors among others only on Closing Bell.
Nifty regains 19,500; Sensex jumps nearly 500 points. Mid-caps and small-caps continue to gain; Nifty small-cap index up over 1 percent. Almost all sectors in the green; Buying in IT & banking shares. Advance-decline ratio is almost 3:1. Nifty gainers include Cipla, IndusInd Bank, Wipro, Axis Bank, Tech Mahindra while Bajaj Auto, BPCL, Sun Pharma, Power Grid, Apollo Hospitals are among the top nifty losers. Catch this mid-day market mood check with Nandita Khemka to know about all the movers and shakers in today’s session!
Options data highlighted an intriguing battle between call and put writers around the 19500 levels. At 11 am, the Sensex was up 318.00 points or 0.49 percent at 65,558.68, and the Nifty was up 95.50 points or 0.49 percent at 19,477.20. About 2028 shares advanced, 949 shares declined, and 115 shares unchanged.
Indian equity markets saw a selloff for yet another session with the Nifty50 ending below the 19,400 mark on August 3 tracking global weakness. This morning the cues are pretty mixed with Wall Street ending lower and oil back near the $85 mark. Among key corporate earnings on Wall Street, Amazon beat estimates while Apple lost around 2% after the bell as revenue came in lower than it did in the same quarter a year ago. Investors will be watching out for the crucial jobs report due later today. This morning Asia is mixed whhile GIFT Nifty is hinting at a muted start for the Indian markets. On the Nifty, the immediate resistance is around 19,400-19,600 area, but breaking of the said level can break the 50-day EMA (exponential moving average) placed at 19,160. Big day for earnings as SBI, M&M and Britannia hand in their Q1 report card today. Also we take stock of Airtel, Eicher and Zomato Q1 earnings. Catch Nandita Khemka in conversation with Mahantesh Sabarad, Independent Market Analyst and Raja Venkatraman,Co-founder, Neotrader and Trading Influencer.
In this episode of Market Minutes, Sucheta Anchaliya talks about all the important factors to watch today, from SBI, Paytm and Bharti Airtel Q1 results to global market setup. Also, catch Pramod Amthe - Head of institutional equity research, Incred Capital in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends