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Market Preview Domestic Indices Market 24-AUG-2021 Domestic Indices Market wrap up Domestic indices The domestic equity benchmarks managed to close with decent index Close Prv close %Chg gains after a volatile session on Monday. The Nifty closed just NIFTY 50 16,496.5 16,450.5 0.28 NIFTY SMALLCAP 50 4820.55 4928.35 -2.19 shy of the 16,500 mark. IT stocks climbed while auto and metal NIFTY MIDCAP 50 7,186.8 7,238.4 -0.71 shares tumbled.The barometer index, the S&P BSE Sensex, NIFTY SMALLCAP 250 8350.15 8518.7 -1.98 advanced 226.47 points or 0.41% to 55,555.79. The Nifty 50 NIFTY BANK 35,124.4 35,033.9 0.26 index gained 45.95 points or 0.28% to 16,496.45.Bajaj Finserv , NIFTY NEXT 50 39220.15 39381.85 -0.41 NIFTY METAL 5,291.3 5,336.0 -0.84 Nestle India , Bharti Airtel, Bajaj Finance and Reliance Industries INDIA VIX 13.69 14.02 -2.35 supported the indices.Mahindra & Mahindra , Bajaj Auto , Global indices UltraTech Cement and ITC were major drags. In th broader market, the BSE Mid-Cap index fell 0.90% index Close Prv close %Chg Global Market NASDAQ 13,192.0 13,119.0 0.56% Wall Street rallied on Monday, and the Nasdaq reached an all- DOW 28,323.4 28,391.4 -0.24% time closing high as sentiment was boosted by full FDA approval CAC 40 5,769.0 5,765.0 1.16% DAX 13,884.0 13,786.0 0.71% of a COVID-19 vaccine and market participants looked ahead to NIKKEI 29,452.0 28,966.0 2.41% the Jackson Hole Symposium expected to convene later this HANG SENG 26,016.2 25,709.2 1.18% week.The Dow Jones Industrial Average rose 215.63 points, or NYSE 2,072.2 2,077.2 -0.24% 0.61%, to 35,335.71, the S&P 500 gained 37.86 points, or 0.85%, FTSE 6,553.0 6,483.0 1.07% to 4,479.53 and the Nasdaq Composite added 227.99 points, or As on 8.00 IST 1.55%, to 14,942.65.Shares in Asia-Pacific largely rose in NiftyMarket Watch Snapshot Tuesday morning trade . The Nikkei 225 in Japan gained 1.15%, The Topix index advanced 1.18%. South Korea’s Kospi jumped 1.55% Market preview SGX Nifty indicate a positive opening for the index in India with a 95 points gain. key support levels for the Nifty are placed at 16,397.23 and 16,298.07. Resistance levels to watch out for are 16,594.04 and 16,691.67. Nifty Spot intraday 5 Min -1 News corner Corporate IEX green term-ahead market trades 2,744 MU renewable energy in first year The market discovered Rs 3.75 per unit as the average price with average solar price at Rs 3.48 per unit and average non- solar price at Rs 4.06 per unit.The green market has received an overwhelming response and reached a robust participant base close to 100 in a short span of time,” IEX said in a statement. Paisalo Digital to consider fund raising plan Paisalo Digital informed that meeting of Operations and Finance Committee of the Board of Directors of the company is scheduled to be held on August 31, 2021 inter alia, to consider and issue Unlisted, Unsecured, Unrated Non-Convertible Debentures through Private Placement Basis.Shares of Paisalo Digital rose 2.04% to settle at Rs 585.15 yesterday, 23 August 2021.Paisalo Digital is a non-banking finance company NBFC providing loans to individuals, micro, small and medium enterprises, and to Joint Liability Group (MFI). Domestic Govt to monetise 25 airports over 4 years under NMP plan, to fetch Rs 20,782 crore The government is looking to monetise 25 AAI-managed airports, including Varanasi, Chennai, Nagpur and Bhubaneshwar, over the next four years, which could bring in investments worth Rs 20,782 crore. Further, divestment of Airports Authority of India's (AAI) residual stake in four airport JVs has also been considered under the national monetisation pipeline (NMP) unveiled on Monday. This includes the private sector operated airports in Mumbai (26 percent stake), Delhi (26 percent stake), Hyderabad (13 percent stake), and Bangalore (13 percent stake). International COMMODITY Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude futures after seven sessions of declines. Brent crude climbed $3.57, or 5.5%, to end the session at $68.75 a barrel after touching its lowest since May 21 at $64.60 during the session. -2- Stock to watch Actions watch BONUS ISSUE . Sical Logistics | Fifth meeting of the committee of creditors has been scheduled on August 25 through video conferencing. Company Ratio Ex.date 29-JUL-2021 . Nandan Denim | Brickworks Ratings India has revised the outlook of POWERGRID 1:3 TIDEWATER 1:1 26-JUL-2021 the rating of long-term facilities of the company. KPI Global | The company has successfully commissioned new Major Dividends capacity of 5.44 MW (DC) at its existing solar power plant at Village-Sudi Company Div/Share Ex.date & Tancha, Ta-Amod, District- Bharuch. x Rs.85.00 10-AUG x Rs.0.90 11-AUG . Atul Auto | The Credit Rating Agency, CRISIL, has assigned CRISIL A-/ x Rs.13.50 11-AUG Stable (Downgraded from CRISIL A/ Stable) to long-term bank facilities x Rs.17.00 11-AUG and CRISIL A2+ (Downgraded from CRISIL Al) to short-term bank facilities of the company. Representative image DERIVATIVES IN BAN PERIOD . Sanghvi Movers | ICRA upgraded the long-term rating to ICRA A from ICRA A- and also upgraded short-term rating to ICRA A1 from ICRA A2-. Eicher Motors | Re-appoints Siddhartha Lal as managing director of the company with effect from May 1, 2021. NR Agarwal Industries | Production at Unit 2 (Writing & Printing) of the RESULTS TODAY company has been temporarily shut down due to lack of market orders. AGARIND . JSW Steel | ICRA upgraded the rating of long-term bank facilities and AKZOINDIA ARIHANT non-convertible debentures to ICRA AA with stable outlook. AUTOIND BANCOINDIA . Dhanlaxmi Bank | The Reserve Bank of India (RBI) imposed a CONCORD CELEBRITY monetary penalty of Rs 27.50 lakh for various rule violations. Data Alert Thought of the day Overseas . na “No price is too low for a bear ot too high for a bull.” Domestic unknown . RBI policy meet -3- Previous Tracker Disclaimer -5- .
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