The market is expected to be opened in green as a trend in SGX Nifty shows a positive opening for a broader index in India with a profit of 40 points.
BSE Sensex rose 284 points to 55,682, while NIFTY50 jumped 84.5 points to 16,605, and formed bullish candles that resemble types of patterns that swallow bullish on the daily graph.
According to the pivot graph, the main level of support for nifty is placed at 16,517, followed by 16,429. If the index moves upwards, the level of key resistance that must be considered is 16,660 and 16,715.
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The main index of Wall Street rose on Thursday was driven by the end of the afternoon rally and the advantage of heavy classroom growth, including Tesla. Nasdaq heavy technology added 1.4 percent to lead the while the S&P 500 profits closed at the highest level since June 9. The average Dow Jones industry rose 0.5 percent.
Dow Jones Industrial Average rose 162.06 points, or 0.51 percent, to 32,036.9, S&P 500 received 39.05 points, or 0.99 percent, to 3,998.95 and Nasdaq composite added 161.96 points, or 1 , 36 percent, to 12,059.61.
Asian Market
Stocks in Asia-Pacific fall on Friday because investors digest Japanese inflation data. Nikkei 225 decreased 0.36% and the Topix index slipped 0.36 percent. Kospi South Korea is lower fraction. In Australia, S&P/ASX 200 released 0.12 percent. The area of the MSCI area from the Asia-Pacific shares outside Japan sits right above the flat line.
Sgx nifty
The trend in SGX Nifty shows a positive opening for a broader index in India with a profit of 40 points. Nifty Futures traded around 16,657 levels at Singapore’s exchange.
ECB raised a tariff of 50 basis points, an increase in the first level since 2011
The European central bank raised interest rates more than expected on Thursday, confirmed that concerns about inflation that fled now trums growth considerations, even when the Euro Euro Zone Economy from the impact of the Russian War in Ukraine.
The ECB raised its benchmarks deposit rates by 50 basis points to zero percent, violating its own guidelines for the 25 -basis points when joining global colleagues in boosting loan costs. That was the first increase in the central bank of the Euro Zone for 11 years.
Ending the eight -year experiment with negative interest rates, the ECB also increased its main level of refinancing to 0.50 percent and promised further interest rates possible as soon as the next meeting on September 8.
Ril Q1 Net Profit to Duplicate Yoy When the Purification Business Shines
Reliance Industries Limited is expected to report strong income for the quarter that ended in June on July 22, assisted by a sharp increase in dirty purification margin and strength in its organized retail business. Department of Oil-to-Telecommunications is likely to report 105.7 percent in the year, and 56 percent in the quarter, increased consolidated net profit to RS 25,238.8 Crore, according to an average of five brokers surveyed by Moneycontrol.
Analysts estimate the average gross purification margin of $ 22 per barrel in the June quarter, double the level seen in the March quarter. Margin has developed at a faster speed, thanks to the processing of uranal crude oil reported from Russia and exports the same thing to Europe and the US.
Results on July 22, July 23, July 24
Reliance Industries, Ultratech Cement, JSW Steel, HDFC Asset Management Company, Bandhan Bank, Coforge, COMPTON GERAVES Consumer Electricals, Finolex Industries, Andhra Cement, Atul, Bharat Gears, Gokaldas Exports, GreenPanel Industrial Meghmani Organics, Sigachi Industries, Supreme Petrochem, Tinplate Company of India, Ugro Capital, and Zenotech Laboratories will be the focus ahead of the June 2022 quarter income on July 22.
ICICI BANK, MAHINDRA BOX BOX, YES BANK, KARNATAKA BANK, COASTAL CORPORATION, D-LINK (India), EMUDHRA, KIRAN KIRAN CLOTHES, Navin Fluorine International, Indian Steel Exchange, Surana Telecom and Power, and Baja Uttam Galva will be the focus quarterly income on July 23.
The second largest IT service provider in the country Infosys will announce the June 2022 quarter income on July 24.
The growth of the July Japanese factory activity slowed to 10 months – Flash PMI
Japanese manufacturing activities grew at the latest speed in 10 months in July as a new output and order to be contracted, shrill for the economy that struggled to hold a convincing post-pandemic recovery. Activities in the service sector are also expanded at a slower level, showing more calm requests at home because the weakening of Yen encourages import costs, increasing concerns about the impact that may occur on the economy.
Au Jibun Bank Flash Japan Manufacturing Managers’ Index (PMI) slipped to 52.2 which was adjusted seasonally in July from the final 52.7 months before, marked expansion no later than last September.
The National Core Consumer Price Index (CPI), which does not include the cost of fresh food that is volatile but including the energy, up 2.2% in June from the previous year, government data showed. Data, which matches the median market estimate, means that inflation remains above the 2% BOJ target for the third month in a row. It followed the 2.1% increase in May and April.
FII and DII data
Investors of Foreign Institutional Institutions (FII) have shares purchased clean worth 1,799.32 Crore RS, continue to buy for the fourth succession session, while shares are sold Net Domestic Institution (DIIS) worth RS 312.29 Crore on July 21, according to data While available at NSE.
The August MPC meeting was rescheduled because of ‘administrative urgency’, said RBI
Reserve Bank of India (RBI) on July 21 said that the meeting of determining the tariff for the Monetary Policy Committee (MPC) next month was rescheduled because of “administrative urgency.” MPC will now meet on August 3-5, from previously scheduled 2-4 August, said RBI.
Stock under the prohibition of f&O in NSE
Two shares – RBL Bank and Delta Corp – are under the list of F&P NSE ban for July 22. Securities in the prohibition period under the F&O segment including companies where security has passed 95 percent of the market position limit throughout the market.