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Indian Stock Market Round Up For 31 Aug,2023

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Topic :- Share Market Closing Note


Benchmark indices broke three-day winning streak and ended lower with Nifty around 19,250 on August F&O expiry day.


At close, the Sensex was down 255.84 points or 0.39 percent at 64,831.41, and the Nifty was down 93.70 points or 0.48 percent at 19,253.80. About 1805 shares advanced, 1703 shares declined, and 142 shares unchanged.


Biggest losers on the Nifty included Adani Enterprises, BPCL, Adani Ports, Eicher Motors and Britannia Industries, while gainers were Maruti Suzuki, Cipla, HDFC Life, Titan Company and Hindalco Industries.


Mixed trend seen on the sectoral front, with oil & gas, power, FMCG and bank down 0.5-1.3 percent, while realty, metal, capital goods, information technology gained 0.2-0.7 percent.


The BSE midcap index ended flat, while smallcap index rose 0.8 percent.


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Topic :- Time:3.05 PM


Nifty spot if closes above 19300 level then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen in the market. Avoid open positions for tomorrow.


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Topic :- Time:2.00 PM


Nifty spot is trading at 19298. If it breaks and trade below 19260 level then expect some decline in the market and if it manages to trade and sustain above 19320 level then some upmove can follow in the market.


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Topic :- Time:1.50 PM


Auto Sector is supporting market and Banking sector is dragging. Stay cautious, volatile moves expected now.


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Topic :- Time:1.35 PM


Just In:

Private hospital chain Jupiter Life Line Hospitals Ltd will open on September 6 for subscription and close on September 8. 


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Topic :- Time:1.30 PM


ZINC Tading View: 

ZINC is trading at 217.30. If it holds below 217.60 level then expect it to decline towards 215.50 level quite soon and once it manages to trade and sustain above 217.60 level then some upmove can follow in it.


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Topic :- Time:1.20 PM


Adani Update: Amid fresh claims of offshore funding, Congress demands JPC; Rahul Gandhi to brief media today.



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Topic :- Time:1.00 PM


Nifty spot is trading at 19311. If it breaks and trade below 19300 level then expect some decline in it and if it manages to trade and sustain above 19340 level then some upmove can follow in the market. As nifty is trading in small range so traders should wait for proper cues.


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Topic :- Time:12.40 PM


Just In:

Public Works Department of the Delhi government has issued a directive to expedite roadwork completion as the city prepares to host the G20 Summit. 


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Topic :- Time:12.30 PM


SILVER Trading View:

SILVER is trading at 74155. If it breaks and trad below 74140 level and is able to sustain below 74350 level then expect it to decline towards 73800 level quite soon however once it trades above 74350 level then some pull back is expected in it.


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Topic :- Time:12.00 PM


Nifty is likely to turn volatile soon today due to F&O monthly expiry. Nifty spot if manages to trade and sustain above 19340 level then expect some pull back in the market and if it breaks and trade below 19300 level then some decline can further follow in the Nifty.Currently Nifty spot is trading at 19315.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex wipes off gains, slips into the red

2. Air India, IndiGos expanding wings may hurt Indians finances

3. Adani rejects recycled charges in OCCRP report

4. SBI home loan rate concession of 55bps ends today

5. BSE to shift Bankex expiry day from Friday

6. JSW group keen to launch car in EV segment at Rs 15-20 lakh price tag

7. Piramal Enterprises share buyback opens

8. Aeroflex Industries lists at Rs 197, over 82% premium to IPO price


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 31 Aug,2023:


Rangebound market with stock specific action expected. Nifty spot if manages to trade and sustain above 19380 level then expect some upmove in the market and if it breaks and trade below 19300 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day. 

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