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Benchmarks for Indian equities ended higher after a highly volatile session on Friday, led by gains in major indexes NTPC, Tata Steel and Power Grid Corporation. Key indexes opened slightly in the red as traders stayed on the sidelines ahead of the IIP (Industrial Production Index) and Consumer Price Index (CPI) inflation figures released after Friday market hours.
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 believes the index is gradually moving towards the 17,800-17,900 levels, but warns volatility could persist.
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The Sensex was up 130.18 points or 0.22% at 59,462.78 while the Nifty was up 39.15 points or 0.22% at 17,698.15 as of Friday’s close. The Sensex moved in a high and low band of 59,538.08 and 59,113.01. There were 13 stocks up versus 17 stocks down on the index. The Nifty traded within a range of 17,724.65 and 17,597.85. There were 26 stocks up versus 24 stocks down on the index.
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The broader indices ended in the green with the BSE mid cap index up 0.15% and the small cap index up 0.39%. The best performing sector indices on BSE were Oil & Gas up 2.47%, Energy up 2.15%, Metals up 1.77%, Utilities up down 1.60% and PSU up 1.53%, while Healthcare down 1.02%, TEAK down 0.80%, IT down 0.76%, autos down 0.23% and capital goods down 0.13% were the biggest losers on BSE.
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India’s VIX Index
Nifty or India VIX, a gauge of near-term market volatility expectations, fell 4.07% to 17.61 on Friday.
Trends on SGX Nifty indicate a positive open for the index in India with a gain of 59 points. Nifty futures were trading at 17,844.5 on the Singapore Stock Exchange around 07:20 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 rises, the key resistance levels to watch are 17,749 and 17,800, according to the pivot tables.
The S&P 500 rose 16.99 points, or 0.40%, to 4,297.14 at the close of trading 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 Small Business Index rose 4.73 points, or 0.23%, to 2,021.35.
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Asian markets mostly ended lower on Monday. The Nikkie 225 fell 0.15%, the Hang Seng 0.67% and the Shanghai Composite 0.02%.
European markets mostly ended higher on Monday. The German DAX rose 0.15%, London’s FTSE 100 rose 0.11% while the French CAC 40 rose 0.25%.
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Main news headlines
Life Insurance Corporation Q1 results: profit rises multiple times to Rs 683 crore
The life insurance giant reported a 20.35% rise in total premium income to Rs 98,352 crore in the April-June quarter of FY2023 from Rs 81,721 crore a year ago . Profit for the quarter was Rs 682.88 crore compared to Rs 2.94 crore in the corresponding quarter of the previous fiscal year. LIC’s market share in individual first year revenue was 43.86% for the reported quarter and in collective first year revenue 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 recorded standalone profit of Rs 15,206 crore for the April-June quarter of FY2023, up 251% year-on-year, driven by strong operating performance and growth in the turnover. Autonomous revenue for the quarter jumped 84% year-on-year to Rs 42,321 crore. EBITDA stood at Rs 24,731 crore for the quarter ended June 30, up 125% year-on-year. EBITDA margin jumped 1,065 basis points (bps) year-on-year to 58.43% in the quarter, driven by higher crude realization following a surge in oil prices and an increase domestic gas prices.
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Hero MotoCorp Q1 results: Profits up 71% YoY to Rs 625 crore
The two-wheeler maker reported a 71% year-on-year increase in profit to Rs 625 crore for the quarter ended June 30. crore compared to the period a year ago. The company sold 13.90 lakh units of motorcycles and scooters in the quarter under review, a growth of 36% compared to the same quarter last fiscal year. The quarter a year ago was affected by the second wave of Covid.
Zee Entertainment Q1 results: Profit down 49% YoY to Rs 107 crore
The company posted a 49% year-on-year decline in profit to Rs 106.6 crore for the quarter ended June 30, FY2023, marred by dismal operating performance and lukewarm revenue growth. turnover. Revenue jumped 4% to Rs 1,846 crore from the period a year ago with a 5.4% year-on-year increase in advertising revenue and a 5% drop in the advertising segment. subscriptions.
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Bulk transaction data
BP Equities Private Limited bought 100,000 shares of Agni Green Power Limited at Rs 22.15 per share on the Nse.
Nimesh Shashikant Mehta has sold 1,12,145 shares of Gayatri Projects Limited at Rs 16.02 per share on the Nse.
Saint Capital Fund bought 1,00,000 shares of HP Adhesives Limited at Rs 442.99 per share on the Nse.
Mangalam Laboratories Private Limited has sold 90,772 shares of IMP Powers Limited at Rs 7.51 per share on the Nse.
Dynasty Acquisition (FPI) Limited has sold 12,85,734 shares of Shriram City Union Finance Limited at Rs 36.00 per share on the Nse.
Topgain Finance Private Limited has sold 244,69,218 shares of Visesh Infotecnics Limited at Rs 0.80 per share on the Nse.
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DII and FII data
Foreign institutional investors (FII) bought shares with a net worth of Rs 3,040.46 crore, while domestic institutional investors (DII) sold shares with a net worth of Rs 839.45 crore on 12 August, according to provisional data available on the NSE.
Ban F&O NSE
Balrampur Chini Mills, Tata Chemicals Limited and Delta Corp are the stocks/securities that were placed under the F&O ban for August 16. Blackout stocks under the F&O segment include companies in which the stock has crossed 95% of the market. -wide position limit.