Indian equity benchmarks ended Monday’s trade deep
in red terrain with frontline gauges closing below their crucial 58,000
(Sensex) and 17,350 (Nifty) levels, amid a global sell-off. Sentiments remained
dampened since the beginning as key gauges made a gap-down start.
The Nifty50 has formed a reasonable positive candle
on the daily chart, reflecting sharp downside momentum, according to Nagaraj
Shetti, Technical Research Analyst at HDFC Securities. He warned of more
downside ahead on Dalal Street. “Monday’s downside gap could be considered
as a bearish breakaway one and if it remains unfilled for the next few
sessions, which could mean the market is in a downtrend,” he said.
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The Sensex fell 861.25 points or 1.46% to 57,972.62
while the Nifty was down by 246.00 points or 1.40% to 17,312.90. at the close
of trading on Monday. The Sensex moved in a high and low band of 58,208.30 and
57,367.47. There were 8 stocks advancing against 22 declining stocks on the
index. The Nifty traded in a range of 17,380.15 and 17,166.20. There were 12
stocks advancing against 38 stocks declining on the index.
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Broader Indices
The broader indices ended in red with the BSE
mid-cap index down by 0.80% and the small-cap index down by 0.57%. The few
gaining sectoral indices on the BSE were FMCG up by 0.35%, Oil & Gas up by
0.19%, and Energy up by 0.08%, while IT down by 3.34%, TECK down by 3.14%,
Bankex down by 1.87%, Metal down by 1.69% and Realty down by 1.30% were the top
losing indices on BSE.
India VIX Index
Nifty or India VIX, a gauge of the market’s
expectation of volatility over the near term, fell 8.83% to 19.82 on Monday.
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SGX Nifty
The trends on SGX Nifty indicate a positive opening
for the index in India with a 57-point loss. The Nifty futures were trading at
17,437.50 on the Singaporean Exchange at around 06:52 hours IST.
Support and Resistance levels
The key support level for the Nifty is placed at
17,193, followed by 17,072. If the index moves up, the key resistance levels to
watch out for are 17,407 and 17,500, according to pivot charts.
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US Markets
The S&P 500 fell 27.05 points, or 0.67%, to
4,030.61.
The Dow Jones Industrial Average fell 184.41 points,
or 0.57%, to 32,098.99.
The Nasdaq composite fell 124.04 points, or 1.02%,
to 12,017.67.
The Russell 2000 index of smaller companies fell
16.89 points, or 0.89%, to 1,882.94.
Asian Markets
Asian markets ended mostly lower on Wednesday. The
Nikkie 225 fell 2.66%, the Hang Seng fell 0.73%, the KOSPI Composite fell 2.18%
and the Shanghai Composite rose 0.14%.
European Markets
European markets ended mostly lower on Monday.
Germany’s DAX was down by 0.61%, France’s CAC 40 was down by 0.83% and London’s
FTSE 100 was down by 0.70%.
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Major News Headlines
Mukesh Ambani at RIL’s AGM: Jio’s
network can go around Earth 27 times
Mukesh Ambani began his formal address at the 45th
Annual General Meeting on Monday. He said that Reliance Jio’s high-quality,
redundant and always-available fiber-optic network is the backbone of data
traffic from India’s every corner. Jio’s pan-India fiber-optic network is over
11 lakh km in length – enough to go around planet Earth 27 times.
The next generation of Indians is set to achieve
more than all the post-Independence generations have collectively achieved so
far. And RIL is set to make a far greater contribution to India’s prosperity
and progress than we have done so far, he added.
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Vodafone Idea denies report alleging
data leak of 20 million postpaid customers.
After a cyber-security research firm CyberX9
claimed in its report that the call data records of 20.6 million postpaid Vi
customers were leaked and accessed by customers, the telecom operator has
denied the breach. The report claimed that data leaked included call time,
duration of the call, from where the call was made, the full name of the
subscriber, address SMS details, and roaming details. However, Vi denied the
claim, saying that there was no data breach and the report is “false and
malicious”.
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Bulk Deal data
Murugesan Maris sold 1,50,000 shares in Agni Green
Power Ltd at Rs 25.64 per share on the Nse.
Deepti Housing Pvt Limited bought 4,38,781 shares
in Anik Industries Limited at Rs 44.48 per share on the Nse.
Nomura Singapore Limited sold 11,00,000 shares in
BLS Intl Servs Limited at Rs 230.00 per share on the Nse.
Multiplier Share and Stock Advisors Private Limited
bought 60,000 shares in Dev Info Technology Limited at Rs 212.59 per share on
the Nse.
Sunrise Gilts and Securities Pvt Ltd sold 1,80,000
shares in Quadpro ITeS Limited at Rs 12.25 per share on the Nse.
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DII and FII data
Foreign institutional investors (FIIs) have sold
shares worth a net Rs 561.22 crore, whereas domestic institutional investors
(DIIs) sold shares worth a net Rs 144.08 crore on August 29, as per provisional
data available on the NSE.
NSE F&O Ban
There is not a single stock/security that has been
placed under the F&O ban for August 30. 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.
