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Topic :- Share Market Closing Note
Benchmark indices ended higher for the second consecutive day on July 28 with Nifty closing above 16900.
At Close, the Sensex was up 1,041.47 points or 1.87% at 56,857.79, and the Nifty was up 287.80 points or 1.73% at 16,929.60. About 1865 shares have advanced, 1389 shares declined, and 141 shares are unchanged.
Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, IndusInd Bank and SBI Life Insurance were among major gainers on the Nifty, while losers included Shree Cements, Bharti Airtel, UltraTech Cement, Cipla and Bajaj Auto.
Among sectors, Bank, IT, Metal, Power, Realty up 1-2 percent.
BSE Midcap index added nearly 1 percent and smallcap index rose 0.6 percent.
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Topic :- Time:3.00 PM
Nifty spot if manages to hold above 16880 level on closing basis then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can continue to follow in the market.
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Topic :- Time:2.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 7897.If it manages to trade and sustain above 7920 level then expect some quick upmove in it and if it breaks and trade below 7860 level then some decline can follow in it.
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Topic :- Time:2.15 PM
Important Events Today:
1. US Quarterly GDP data
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Topic :- Time:2.10 PM
Just In:
SBI CARDS AND PAYMENT SERVICES: Q1 EBITDA 10.25B RUPEES VS 5.8B (YOY) || Q1 EBITDA MARGIN 33.06% VS 24.68% (YOY)
BEATS EBITDA
BEATS MARGINS
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Topic :- Time:2.05 PM
Just In:
IL&FS sells two energy arms for Rs 77.5 crore, proceeds will be used to pare debt.
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Topic :- Time:2.00 PM
Nifty spot is trading at 16920.If it manages to trade and sustain above 16940 level then expect some upmove in it and if it breaks and trade below 16880 level then some decline can follow in the market.
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Topic :- Time:1.00 PM
Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 16920 level then expect some quick upmove and if it breaks and trade below 16860 level then some decline can follow in the Nifty.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 648.80.If it manages to trade and sustain above 650 level then expect some upmove in it and if it breaks and trade below 646.60 level then some decline can be seen in it.
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Topic :- Time:12.15 PM
Just In:
India wants to open up for Lithium mining in batteries quest
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Topic :- Time:12.00 PM
After positive opening nifty is still trading in green zone. Nifty spot if manages to trade and sustain above 16880 level then expect some quick upmove in it and if it breaks and trade below 16840 level then some decline can follow in it.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex soars 800 pts, Nifty near 16,850; MTNL surges 7%
2. Tata Motors skids 4% on poor JLR performance but brokerage firms still bullish
3. Nestle India Q2 earnings| Profit declines 4% to Rs 515 crore, misses estimates
4. Indian rupee rises 14 paise to 79.77 against US dollar in early trade
5. After HDFC Bank, more banks may offer higher rates on NRE deposits
6. WHO says more than 18,000 cases of monkeypox globally, most in Europe
7. IT companies margins decline to decade-low of 23.2% in June quarter
8. Fed raises rates by 75 bps to tame inflation, flags weakening economic data
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 28 July,2022:
Stock specific action expected in the market. Result figures to be monitored.
Nifty spot if manages to trade and sustain above 16680 level then expect some upmove in the market and if it breaks and trade below 16600 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.
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