Trade Setup: Top 11 things to know before market opens on September 7, 2022

Indian equity benchmarks ended marginally lower on
Tuesday after a volatile session. Key indexes made a positive start, as traders
found some solace with Finance Minister Nirmala Sitharaman’s statement that
while the necessary stimulus for growth would continue, her ministry and the
Reserve Bank of India (RBI) would work on a pathway to maintain the growth
momentum for the next 25 years in order to make India an advanced economy.

However, indices failed to hold gains and settled
almost unchanged in a volatile trading session, in absence of any major
trigger.

Also Read | Week ahead: Crude prices, ECB rate decision to weigh on Sensex, Nifty

Indian Indices

The Sensex fell 48.99 points or 0.08%
to 59,196.99 while the Nifty was down by 10.20 points or 0.06% to 17,655.60 at
the close of trading on Tuesday. The Sensex moved in a high and low band of 59,566.67
and 58,974.26. There were 9 stocks advancing against 20 stocks declining, while
1 stock remain unchanged on the index. The Nifty traded in a range of 17,764.65
and 17,587.65. There were 20 stocks advancing against 29 stocks declining,
while 1 stock remains unchanged on the index.

Also Read | Week in review: Sensex, Nifty fall on Fed rate hike expectations

Broader Indices

The broader indices ended in green
with the BSE mid-cap index up by 0.47% and the small-cap index up by 0.10%. The
top gaining sectoral indices on the BSE were Power up by 1.90%, Utilities up by
1.74%, Oil & Gas up by 1.35%, Energy up by 1.08% and Metal up by 0.87%,
while FMCG down by 0.46%, Bankex down by 0.41%, IT down by 0.29%, Auto down by
0.10% and Consumer Discretionary down by 0.07% were the top losing indices on
BSE.

Also Read | Expect inflation to ease to 5% by April-June next year: RBI Governor

India VIX Index

Nifty or India VIX, a gauge of the market’s
expectation of volatility over the near term, fell 0.70% to 19.52 on Tuesday.

SGX Nifty

The trends on SGX Nifty indicate a negative opening
for the index in India with a 184-point loss. The Nifty futures were trading at
17,491.00 on the Singaporean Exchange at around 06:46 hours IST.

Also Read | Adani Enterprises to replace Shree Cement on NSE’s Nifty 50 index

Support and Resistance levels

The key support level for the Nifty is placed at
17,574, followed by 17,492. If the index moves up, the key resistance levels to
watch out for are 17,751 and 17,846, according to pivot charts.

US Markets

The S&P 500 fell 16.04 points, or 0.41%, to 3,908.19.

The Dow Jones Industrial Average fell 173.14
points, or 0.55%, to 31,145.30.

The Nasdaq composite fell 85.96 points, or 0.74%,
to 11,544.91.

The Russell 2000 index of smaller companies fell 17.42
points, or 0.96%, to 1,792.32.

Also Read | Bed Bath & Beyond: The heady rise and steady fall

Asian Markets

Asian markets ended mostly higher on Tuesday. The
Nikkie 225 rose 0.02%, the KOSPI Composite rose 0.26% and the Shanghai
Composite rose 1.36% and the Hang Seng fell 0.12%.

European Markets

European markets ended mostly higher on Wednesday.
Germany’s DAX was up by 0.87%, France’s CAC 40 was up by 0.19% and London’s
FTSE 100 was up by 0.18%.

Also Read | Pallonji Mistry: All you need to know about Cyrus Mistry’s father

Bulk Deal data

Kumar Gaurav Gupta bought 1,18,035 shares in AMD
Industries Limited at Rs 101.62 per share on the Nse.

Sakshi Kirti Gawkar sold 50,500 shares in Ajooni
Biotech Limited at Rs 41.70 per share on the Nse.

Suresh Bhatia Associates bought 7,00,000 shares in
Bharat Wire Ropes Limited at Rs 117.21 per share on the Nse.

SG Air Travel Pvt Ltd bought 5,11,164 shares in
Capacite Infraproject Limited at Rs 181.41 per share on the Nse.

Also Read | Tata Sons plans to raise $4 billion to inject funds into Air India: Report

Haresh Dahyabhai Darji sold 99,000 shares in CMM
Infraprojects Limited at Rs 11.42 per share on the Nse.

Skse Securities Ltd bought 6,17,408 shares in
Debock Industries Limited at Rs 38.15 per share on the Nse.

Mirae Asset India Small-midcap Focus Equity Master
Investment Trust bought 3,03,446 shares in Dreamfolks Services Limited at Rs
471.51 per share on the Nse.

Navratri Share Trading Private Limited bought
1,12,500 shares in Globe International Carriers Limited at Rs 66.35 per share
on the Nse.

Also Read | Tata Sons vs Cyrus Mistry case explained

Mayank Agrawal bought 16,95,072 shares in Godha
Cabcon and Insulation Limited at Rs 3.45 per share on the Nse.

Aryaman Capital Markets Limited bought 22,400
shares in Jakharia Fabric Limited at Rs 149.00 per share on the Nse.

Mahabir Tradeventures LLP sold 1,11,000 shares in
Jalan Transolutions (India) Limited at Rs 9.30 per share on the Nse.

Rajan Gupta sold 2,11,000 shares in Jet Freight
Logistics Limited at Rs 23.40 per share on the Nse.

Also Read | What is Chinese instant loan apps case?

Hardik Bharat Patel bought 57,811 shares in Jindal
Photo Limited at Rs 334.86 per share on the Nse.

V K Mercantile Private Limited sold 6,40,576 shares
in Kritika Wires Limited at Rs 35.70 per share on the Nse.

Sainathkripa Commercial LLP sold 4,00,000 shares in
Lexus Granito (India) Limited at Rs 50.03 per share on the Nse.

Khushi Advertising Ideas Private Limited bought
1,00,000 shares in Nidan Labs and Health Limited at Rs 66.35 per share on the
Nse.

Also Read | US employers add 315,000 jobs, hiring slows in August

Kotak Mahindra Bank Limited sold 3,81,347 shares in
Stampede Capital Limited at Rs 9.88 per share on the Nse.

Sandeep Tandon sold 2,00,134 shares in SECUREKLOUD
TECH LIMITED at Rs 56.95 per share on the Nse.

Avirat Enterprise sold 1,36,000 shares in SKM Egg
Products Export Limited at Rs 103.94 per share on the Nse.

Sanjeev Harbanslal Bhatia sold 3,50,000 shares in
Suumaya Industries Limited at Rs 42.00 per share on the Nse.

Also Read | Starbucks names former PepsiCo executive Laxman Narasimhan as new CEO

DII and FII data

Foreign institutional investors (FIIs) have sold
shares worth a net Rs 1,144.53 crore, whereas domestic institutional investors
(DIIs) sold shares worth a net Rs 632.97 crore on September 6, as per
provisional data available on the NSE.

Also Read | Leaked Radia tapes: 5 quick facts

NSE F&O Ban

Delta Corp has been placed under the F&O ban
for September 7. Securities in the ban period under the F&O segment include
companies in which the security has crossed 95% of the market-wide position
limit.