Trade Setup: Top 15 things to know before market opens on August 16, 2022

Indian equity benchmarks ended higher after a highly
volatile session on Friday led by gains in index majors NTPC, Tata Steel, and
Power Grid Corporation. Key indices opened marginally in red, as traders
remained on the sidelines ahead of IIP (Index of Industrial Production) and
Consumer Price Index (CPI) inflation numbers released after market hours on
Friday.

The Nifty50 has formed a small positive candle on the daily
chart with minor upper and lower shadows, according to Nagaraj Shetti,
Technical Research Analyst at HDFC Securities. He is of the view the index is
gradually advancing towards 17,800-17,900 levels but warns that volatility
might persist.

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Indian Indices

The Sensex rose 130.18 points or 0.22% to 59,462.78 while
the Nifty was up by 39.15 points or 0.22% to 17,698.15 at the close of trading
on Friday. The Sensex moved in a high and low band of 59,538.08 and 59,113.01.
There were 13 stocks advancing against 17 declining stocks on the index. The
Nifty traded in a range of 17,724.65 and 17,597.85. There were 26 stocks
advancing against 24 stocks declining on the index.

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Broader Indices

The broader indices ended in green with the BSE mid-cap
index up by 0.15% and the small-cap index up by 0.39%. The top gaining sectoral
indices on the BSE were Oil & Gas up by 2.47%, Energy up by 2.15%, Metal up
by 1.77%, Utilities up by 1.60%, and PSU up by 1.53%, while Healthcare down by
1.02%, TECK down by 0.80%, IT down by 0.76%, Auto down by 0.23% and Capital
Goods down by 0.13% were the top losing indices on BSE.

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India VIX Index

Nifty or India VIX, a gauge of the market’s expectation of
volatility over the near term, fell 4.07% to 17.61 on Friday.

SGX Nifty

The trends on SGX Nifty indicate a positive opening for the
index in India with a 59 points gain. The Nifty futures were trading at 17,844.5 on the
Singaporean Exchange around 07:20 hours IST.

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Support and Resistance levels

The key support level for the Nifty is placed at 17,622,
followed by 17,547. If the index moves up, the key resistance levels to watch
out for are 17,749 and 17,800, according to pivot charts.

US Markets

The S&P 500 rose 16.99 points, or 0.40%, to 4,297.14 in
closing trading on Monday.

The Dow Jones Industrial Average rose 151.39 points, or
0.45%, to 33,916.44.

The Nasdaq rose 80.87 points, or 0.62%, to 13,128.05.

The Russell 2000 index of smaller companies rose 4.73
points, or 0.23%, to 2,021.35.

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Asian Markets

Asian markets ended mostly lower on Monday. The Nikkie 225
fell 0.15%, the Hang Seng fell 0.67%, and the Shanghai Composite fell 0.02%.

European Markets

European markets ended mostly higher on Monday. Germany’s
DAX was up by 0.15%, London’s FTSE 100 was up by 0.11% while France’s CAC 40
was up by 0.25%.

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Major News Headlines

Life Insurance Corporation Q1 Results: Profit
rises multifold to Rs 683 crore

The life insurance giant reported an increase of 20.35% in
total premium income at Rs 98,352 crore in the April-June quarter of fiscal
2023, against Rs 81,721 crore in the year-ago period. The profit for the
quarter was Rs 682.88 crore against Rs 2.94 crore in the corresponding quarter
of the previous financial year. The market share of LIC in individual
first-year premium income was 43.86% for the reported quarter and in the group
first-year premium income, the market share was 76.43%.

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Oil and Natural Gas Corporation Q1 Results: Net
profit jumps 251% to Rs 15,206 crore

ONGC posted a standalone profit of Rs 15,206 crore for the
April-June quarter of fiscal 2023, up 251% year-on-year driven by strong
operating performance and topline growth. Standalone revenue for the quarter
surged by 84% year-on-year to Rs 42,321 crore. EBITDA came in at Rs 24,731
crore for the quarter ended June 30, rising 125% year-on-year. EBITDA margin
jumped by 1,065 basis points (bps) year-on-year to 58.43% during the quarter
led by higher crude realization following a spike in oil prices and an increase
in domestic gas prices.

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Hero MotoCorp Q1 Results: Profit surges 71% YoY
to Rs 625 crore

The two-wheeler maker reported a 71% year-on-year increase
in profit at Rs 625 crore for the quarter ended June 30. Revenue grew by 53%
year-on-year to Rs 8,939 crore and EBITDA jumped 83% to Rs 941 crore compared
to the year-ago period. The company sold 13.90 lakh units of motorcycles and
scooters in the reported quarter, a growth of 36% over the corresponding
quarter in the previous fiscal. The year-ago quarter was affected by the second
Covid wave.

Zee Entertainment Q1 Results: Profit down 49%
YoY to Rs 107 crore

The company reported a 49% year-on-year decline in profit
at Rs 106.6 crore for the quarter ended June 30 of fiscal 2023, dented by
dismal operating performance and tepid topline growth. Revenue jumped by 4% to
Rs 1,846 crore compared to a year-ago period with a 5.4% year-on-year increase
in advertising revenue and a 5% decline in the subscription segment.

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Bulk Deal data

BP Equities Private Limited bought 1,00,000 shares in Agni
Green Power Limited at Rs 22.15 per share on the Nse.

Nimesh Shashikant Mehta sold 1,12,145 shares in Gayatri
Projects Limited at Rs 16.02 per share on the Nse.

Saint Capital Fund bought 1,00,000 shares in HP Adhesives
Limited at Rs 442.99 per share on the Nse.

Mangalam Laboratories Private Limited sold 90,772 shares in
IMP Powers Limited at Rs 7.51 per share on the Nse.

Dynasty Acquisition (FPI) Limited sold 12,85,734 shares in
Shriram City Union Finance Limited at Rs 36.00 per share on the Nse.

Topgain Finance Private Limited sold 244,69,218 shares in
Visesh Infotecnics Limited at Rs 0.80 per share on the Nse.

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DII and FII data

Foreign institutional investors (FIIs) have bought
shares worth a net Rs 3,040.46 crore, whereas domestic institutional investors (DIIs) sold shares worth a net Rs 839.45 crore on August 12, as per provisional data
available on the NSE.

NSE F&O Ban

Balrampur Chini Mills, Tata Chemicals Limited, and Delta
Corp are the stocks/securities that have been placed under the F&O ban for
August 16. 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.