Indian equity benchmarks ended with decent gains on Monday
as a fall in oil prices and buying in Capital Goods, Power and Utilities stocks
boosted investor sentiment. After making cautious start, key indices gained
from strength to strength, as traders took encouragement with Reserve Bank
Governor Shaktikanta Das’ statement that India is unlikely to be impacted by
any adverse developments in Taiwan. Indian markets remained closed on Tuesday
on the account of Muharram.

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The Nifty50 has formed a long bull candle on the daily
chart, and is placed at the upper end of its short-term range of 17,200-17,500,
according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The
breakout of the 17,500-17,550 band is a positive sign and suggests more upside
in the short term, he pointed out.

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Indian Indices

The Sensex rose 465.14 points or 0.80% to 58,853.07 while
the Nifty was up by 127.60 points or 0.73% to 17,525.10 at close of trading on Monday.
The Sensex moved in a high and low band of 58,934.90 and 58,266.65. There were 20
stocks advancing against 10 declining stocks on the index. The Nifty traded in
a range of 17,548.80 and 17,359.75. There were 34 stocks advancing against 16
stocks declining on the index.

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Broader Indices

The broader indices ended in green with the BSE mid-cap
index increasing 0.31%, while small-cap index was up by 0.28%. The top gaining
sectoral indices on the BSE were Capital Goods up by 2.00%, Power up by 1.92%,
Utilities up by 1.61%, Metal up by 1.27% and Industrials up by 1.11%, while Oil
& Gas down by 0.03% was the lone 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, rose 2.05% to 19.30 on Monday.

SGX Nifty

The trends on SGX Nifty indicate a negative opening for the
index in India with a 38 points loss. The
Nifty futures were trading at 17,502 on the
Singaporean Exchange around 06:55 hours IST.

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Support and Resistance levels

The key support level for the Nifty is placed at 17,407,
followed by 17,289. If the index moves up, the key resistance levels to watch
out for are 17,596 and 17,667, according to pivot charts.

US Markets

The S&P 500 fell 17.59 points, or 0.42%, to 4,122.47 at
close of trading on Tuesday.

The Dow Jones Industrial Average fell 58.13 points, or 0.18%,
to 32,774.41.

The Nasdaq fell 150.53 points, or 1.19%, to 12,493.93.

The Russell 2000 index of smaller companies fell 28.31
points, or 1.46%, to 1,912.89.

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Asian Markets

Asian markets ended mixed on Tuesday. The Nikkei 225 fell
0.88%, the Hang Seng fell 0.21%, while the Shanghai Composite rose 0.32%.

European Markets

European markets ended mostly lower on Tuesday. France’s
CAC 40 was down by 0.53%, Germany’s DAX was down by 1.12% and London’s FTSE 100
was up by 0.077%.

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Major News Headlines

Bharti Airtel Q1 Results: Net profit surged
467% to Rs 1,607 crore

The telecom operator reported a 467% year-on-year growth in
profit at Rs 1,606.9 crore for the quarter ended June 30, 2022. Revenue surged 22.2%
to Rs 32,804.6 crore and EBITDA increased 26% to Rs 16,604.40 crore as against
the corresponding quarter of previous fiscal. EBITDA margin expanded by 150 bps
year-on-year to 50.6% in the reported quarter.

Power Grid Q1 Results: Profit falls 37% YoY to
Rs 3,801 crore, revenue rises 7%

The company posted a 37% year-on-year decline in
consolidated profit at Rs 3,801 crore in the April-June quarter of fiscal 2023
on a high base. Profit in the year-ago period was boosted by exceptional gain.
Revenue surged by 6.7% to Rs 10,905.21 crore compared to the same quarter of
previous financial year.

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Torrent Power Q1 Results: Consolidated profit
jumps 142% YoY to Rs 502 crore

The company reported a 142% year-on-year growth in consolidated
profit at Rs 502 crore in the quarter ended June 30, fiscal 2023, led by a
healthy top line, operating income and other income. Revenue jumped 110% to Rs
6,510 crore compared to the corresponding quarter of the previous fiscal.
Profitability was supported by an increase in contribution from renewable
generation, gain from trading of LNG, improved performance of licensed
distribution businesses, and increase in contribution from franchised
distribution business.

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Whirlpool of India Q1 Results: Profit rises
over three-fold to Rs 84.6 crore, revenue jumps 55%

The company clocked a 232% year-on-year growth in consolidated
profit at Rs 84.6 crore for the April-June quarter of fiscal 2023, supported by
a low base. Profit in the year-ago period was affected by the second wave of Covid-19.
Revenue grew 55% to Rs 2,081 crore compared to the same period last year.

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Bulk Deal data

Aavyana Advisors LLP bought 1,00,000 shares in Agarwal Inds
Corporation Limited at Rs 618.00 per share on the Nse.

Brits Estate Private Limited sold 1,83,050 shares in
Bedmutha Industries Limited at Rs 70.50 per share on the Nse.

Dipak Kumar Modi sold 5,00,000 shares in Bharat Wire Ropes
Limited at Rs 84.90 per share on the Nse.

Samarth Garg & Sons HUF bought 20,00,000 shares in
Integra Essentia Limited at Rs 6.39 per share on the Nse.

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Nakshatra Garments Private Limited bought 10,04,924 shares
in Globe Textiles (I) Limited at Rs 7.89 per share on the Nse.

Multiplier Share & Stock Advisors Private Limited
bought 14,23,049 shares in Godha Cabcon Insulation Limited at Rs 6.30 per share
on the Nse.

Company Shivaay Trading sold 2,50,801 shares in Indbank
Merchant Banking Service Limited at Rs 25.48 per share on the Nse.

Goenka Business & Finance Limited sold 1,41,000 shares
in Innovana Thinklabs Limited at Rs 293.83 per share on the Nse.

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Qmin Pharma Private Limited bought 38,000 shares in Latteys
Industries Limited at Rs 75.50 per share on the Nse.

Indra Kiran Ventures bought 50,004 shares in Madhav marbles
and granites limited at Rs 55.32 per share on the Nse.

Vanita Chordia sold 95,290 shares in Silgo Retail Limited
at Rs 28.39 per share on the Nse.

Shirish Purushottamrao Pande bought 1,23,585 shares in
Times Guaranty Limited at Rs 65.07 per share on the Nse.

Ravi Goenka bought 8,00,000 shares in Welspun Enterprises
Limited at Rs 113.56 per share on the Nse.

DII and FII data

Foreign institutional investors (FIIs) have bought shares
worth a net Rs 1,449.70 crore, whereas domestic institutional investors (DIIs) have
sold shares worth a net Rs 140.73 crore on August 8, as per provisional data
available on the NSE.

NSE F&O Ban

Balrampur Chini Mills, Escorts and Delta Corp are
the stocks/securities that have been placed under the F&O ban for August 10.
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.