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Israel-Hamas War LIVE Updates: Hamas fighters on Saturday fired more than 5,000 rockets from the Gaza Strip toward Israel, killing at least 1,100 people and wounding several others, setting off air raid sirens across the country and raising the likelihood of a new round of heavy fighting. Israel has declared a complete seizure of Gaza imposing a complete blockade on the strip, as Palestinians brace for 'living another Nakba’. Now, a senior official informed that the Hamas group is ready for discussions over truce talks with Israel. 

Israeli military says ‘Hamas has nowhere to hide’

The Israeli military continued their intensive airstrikes on the Gaza strip. On Tuesday the military said that Hamas operatives had “nowhere to hide" in Gaza and that its air force was carrying out intensive airstrikes in waves every four hours.

“We will reach them everywhere," Reuters reports chief military spokesperson Rear Admiral Daniel Hagari said in a briefing.

Gaza's death toll goes past 770 owing to Israel airstrikes

Relentless airstrikes ordered by PM Benjamin Netanyahu's government on Gaza strip in retaliation to the deadly Hamas attack on Israel, has killed over 770 people, taking the total death toll on both sides of the fence to over 2000. 

At least 770 Palestinians have been killed and 4,000 wounded in Israeli air strikes, Gaza’s Health Ministry has said.

Among the dead are 140 children and 120 women, a ministry spokesperson said.

At least another 18 people were killed and 100 injured in the occupied West Bank since Saturday, the ministry added.

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Topic :- Share Market Closing Note

Nifty below 19,550, Sensex down 320 pts; capital goods, PSU Bank outshine.

The BSE midcap index ended flat, while smallcap index rose 0.6 percent.

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Topic :- Time:3.10 PM

Just In:

Delhi Earthquake Today: Massive earthquake tremors felt in Delhi-NCR

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Topic :- Time:3.00 PM

Nifty spot if manages to close above 19520 level then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish movement is further likely to be witnessed. Avoid open positions fo r tomorrow.

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Topic :- Time:2.40 PM

IPO Alert:

Valiant Laboratories IPO subscribed 11.92 times on final day

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 56923. If it manages to trade and sustain above 56950 level then expect some upmove in it and if it breaks and trade below 56880 level then some decline can be seen in the Gold.

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Topic :- Time:2.25 PM

Just In:

World Cup 2023: PVR INOX in talks with ICC to live screen India matches, finals in theatres

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Topic :- Time:2.00 PM

Nifty spot is at 19541. If it manages to trade and sustain above 19560 level then expect some further upmove in the market and if it breaks and trade below 19520 level then some decline can be seen in the Nifty.

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Topic :- Time:1.45 PM

Just In:

Anil Agarwal Exclusive: Vedanta chairman aims to complete sale of steel asset by March 2024

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Topic :- Time:1.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 7368.If it holds above 7330 level then expect it to test 7400-7420 levels quite soon. Buy on every dip till it holds above 7330 is recommended in it.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 19560 level then expect some upmove in the market and if it breaks and trade below 19520 level then some decline can be seen. Currently Nifty spot is trading at 19541.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 702. If it manages to trade and sustain above 705 level then expect it to rise and if it breaks and trade below 700 level then it will head towards 695-693 levels quite soon.

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Topic :- Time:12.05 PM

Just In:

Vedanta shares surge after initial volatility on demerger plans, up over 10% in two sessions

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Topic :- Time:12.00 PM

Nifty spot if manages to trade and sustain above 19520 level then expect some upmove in the market and if it breaks and trade below 19480 level then some decline can be seen in the Nifty.

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Topic :- Time:11.50 AM

Just In:

Bandhan Bank reopens online and debit card services after 3 days but customers complain of disruptions

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex falls 400 points, Nifty below 19,550

2. Vedanta shares jump after demerger plan.

3. India asks Canada to withdraw dozens of diplomats

4. Indias factory activity grows at slowest pace in 5 mths

5. Jio adds another ₹16,640 crore ammo for 5G boost

6. JSW Infrastructure shares debut at 20% premium

7. PNB Housing stock price up 109.3% in last one year

8. Adani Ports shares rise 1% after 1HFY24 cargo hits lifetime high of 202.6 MMT

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Topic :- Nifty Opening Note

Indian Stock Market Opening View For 03 Oct,2023:

Nifty is likely to remain volatile and is expected to follow global cues. Nifty spot if manages to trade and sustain above 19680 level then expect some upmove in the market and if it breaks and trade below 19580 level then some decline can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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The initial public offering (IPO) by JSW Infrastructure, part of the JSW Group, has been subscribed 36.96 times on the final day of bidding.

Retail investors, who have 10 percent reservation in the public issue, have bought 9.91 times the allotted quota, while the portion set aside for high networth individuals, which is 15 percent of the total offer, was subscribed 15.94 times.

Qualified institutional buyers (QIB), who are generally considered medium-to-long term investors, have bid 56.49 times their reserved portion which is 75 percent of the issue size.

The quota for QIB was reduced after anchor investors bought Rs 1,260 crore worth of shares, which is 60 percent of the total QIB book, on September 22. HSBC, Morgan Stanley, ICICI Prudential Mutual Fund, Government of Singapore, LIC Mutual Fund, SBI Mutual Fund, Fullerton, The Master Trust Bank of Japan, Monetary Authority of Singapore, Goldman Sachs, Sunil Singhania-owned Abakkus, and HDFC Mutual Fund were amongst the marquee names who participated in the anchor book.

The port-related infrastructure company intends to raise Rs 2,800 crore through its public issue, which so far has subscribed 2.13 times in the first two days of bidding, i.e. September 25 and 26.

The price band for the offer is Rs 113-119 per share.

The maiden public issue comprises only a fresh issue component. Hence, the entire fresh issue proceeds, excluding IPO expenses, will go to the maritime-related services company.

India's second largest commercial port operator will reduce its debt burden by Rs 880 crore through the fresh issue funds. At the end of June 2023, it had total outstanding borrowings at Rs 4,228.4 crore on a consolidated basis.

Further, Rs 1,029.04 crore will go towards expansion or upgradation works at Jaigarh Port, owned by subsidiary JSW Jaigarh Port, and the Rs 151.05 crore will be utilised for the Mangalore Container Terminal owned by subsidiary JSW Mangalore Container Terminal.

And the remaining amount will be used by the firm for general corporate purposes going ahead.

JSW Infrastructure, the fastest-growing port-related infrastructure company with diversified operations in terms of cargo profile, geography, and assets, has recorded a 62.3-percent CAGR growth in net profit during FY21-FY23, and 41-percent CAGR growth in revenue from operations during the same period.

The company benefits from a strong corporate lineage of the JSW Group having strategically located assets in close proximity to JSW Group customers and industrial clusters supported by multi-modal evacuation infrastructure, Sharekhan said.

The market capitalisation post issue, at the upper price band, will be Rs 24,990 crore, while peer Adani Ports and Special Economic Zone has a market cap of Rs 1,77,243 crore on September 26's closing.

JSW Infrastructure has expanded its operations from one Port Concession at Mormugao, Goa in 2002, to nine Port Concessions as of June 2023 across India, making them a diversified maritime ports company. Its installed cargo handling capacity in India grew at a CAGR of 15.27 percent from 119.23 MTPA in March 2021 to 158.43 MTPA in March 2023.

JSW Infrastructure IPO Grey Market Premium

The company will finalise the basis of allotment of IPO shares by October 3, and equity shares will be credited to demat accounts of eligible investors by October 5.

The trading in its equity shares will commence with effect from October 6, which is the old T+6 timeline, as per the IPO schedule.

This will be the first listing from the JSW Group since 2010, when it had listed its energy business separately.

Henceforth, whether the company is going to adopt voluntarily the new T+3 timeline for listing or not will be closely watched by participants. Companies launching IPOs since September 1, 2023 can voluntarily list shares in the T+3 timeline, while it will be mandatory for all companies launching IPOs with effect from December 1, 2023.

JSW Infrastructure shares were available at around a 15-percent premium over the upper price band, in the grey market, an unofficial platform for trading in IPO shares till the listing, analysts said on anonymity.

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Topic :- Share Market Closing Note

Nifty around 20,050, Sensex up 246 pts; metal, oil & gas, PSU Banks shine.

Among sectors, metal and oil & gas up 1 percent each and PSU Bank index up 4 percent, while capital goods down nearly 1 percent and auto index slipped 0.5 percent.

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Topic :- Time:3.15 PM

Nifty spot if holds above 20040 level on closing basis then expect some further upmove in coming days and if it closes below above mentioned level then some sluggish movement can follow. Avoid open short positions for tomorrow.

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Topic :- Time:2.30 PM

SILVER Trading View:

SILVER is trading at 71575. If it manages to trade and sustain above 71650 level then expect  some further quick upmove in it and if it breaks and trade below 71460 level then some decline can follow in this bullion.

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Topic :- Time:2.25 PM

Just In:

Coffee Day shares shoot up 16% on insolvency deal with IndusInd Bank

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Topic :- Time:2.15 PM

Just In:

Delhi-Mumbai express highway will be completed by December: Nitin Gadkari

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 20080 level then expect some upmove in the market and if it breaks and trade below 20040 level then some decline can be seen in the Nifty.

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Topic :- Time:1.05 PM

Just In:

BYJUS lenders allege edtech giant hid $533 million in hedge fund, firm refutes report

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Topic :- Time:1.00 PM

Nifty spot is trading at 20070. If it manages to trade and sustain above 20100 level then expect some further upmove in the market and if it breaks and trade below 20020 level then some decline can be seen in the Nifty.

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Topic :- Time:12.50 PM

Just In:

Mark Rutte, the PM of Netherlands visited Bengaluru post G20 Summit. With a continuous increase in Dutch investors & businesses in India, Ruttes primary focus was to explore business ties in the areas of agriculture and water management with the Karnataka government. 

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Topic :- Time:12.45 PM

Just In:

GMR Power and Urban Infra share price jumps 10% on ₹2,470 crore smart metering project in Uttar Pradesh

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 731.45. If it breaks and trade below 730 level then expect some decline in it and if it manages to trade and sustain above 732.50 level then some upmove can follow in the Copper.

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Topic :- Time:2.15 PM

Just In:

Bank of India to issue bonds worth up to Rs 2,000 cr today

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Topic :- Time:12.10 PM

Nifty is still flying high. Nifty spot if manages to trade and sustain above 20060 level then expect some further upmove in the market and if it breaks and trade below 20020 level then some decline can follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex trades marginally higher; Nifty tests 20K

2. Putin wants Russians to follow Modis ambitions

3. India-Russia mull speedy ops on new sea route

4. RR Kabel IPO opens

5. Russia to help North Korea build satellites: Putin

6. Musk gets closer to bringing Starlink to India

7. US alone accounted for 17% of FDI in FY23

8. G20 Biofuel Alliance will facilitate green technology transfer across countries: Nitin Gadkari

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Topic :- Share Market Closing Note

Nifty at 20,000, Sensex gains 528 pts; all sectors in the green.

The BSE midcap and Smallcap indices hits fresh 52-week high with a gain of 1 percent and 0.7 percent respectively.

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Topic :- Time:3.00 PM

Nifty spot is trading at 19968 and is quite flat after initial moves. Nifty spot if manages to hold above 19940 level on closing basis then expect more bull run to continue in the market in coming sessions and if it closes below above mentioned level then some sluggish moves can be seen. 

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Topic :- Time:2.40 PM

Just In:

India-Saudi Arabia partnership crucial for welfare of region, says PM Modi

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 213.50. If it manages to trade and sustain above 214 level then expect it to test 218-220 levels quite soon and if it breaks and trade below 209 level then some further down movement is expected in it.

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 19960 level then expect some further upmove in the market and if it breaks and trade below 19920 level then some decline can be seen in the market. Currently Nifty spot is trading at 19949.

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Topic :- Time:1.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 7233. If it holds 7199 level then expect it to rise till 7270 level quite soon. Buy on dips around 7220 level for the higher targets however once it breaks and trade below 7199 level then one should remain on short selling side in it.

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Topic :- Time:1.15 PM

Just In:

Shanti Ekambaram, President, Consumer Banking, Kotak Mahindra Bank said that the bank�s previous acquisitions of BSS Finance and Sonata Finance are extremely value-accretive. 

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Topic :- Time:1.10 PM

Just In:

Byjus offers to repay $1.2 billion to lenders

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Topic :- Time:1.00 PM

Nifty future is trading above 20,000 mark now. Nifty spot if manages to trade and sustain above 19960 level then expect some upmove in it and if it breaks and trade below 19920 level then some decline can be seen in the market.

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Topic :- Time:12.45 PM

Just In:

Vodafone Idea share price: Stock doubles from 52-week low.

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 72020. If it manages to trade and sustain above 72060 level then expect some upmove in it and if it breaks and trade below 71940 level then some decline can be seen in the market.

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Topic :- Time:12.15 PM

Just In:

Equity fund inflows surge 165% to Rs 20,245 cr in August, small-cap funds in demand

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Topic :- Time:12.00 PM

Nifty future is flying high and has achieved our positional target of 20,000 mark as mentioned in few days back post.

Nifty spot if manages to trade and sustain above 19940 level then expect some further upmove in the market and if it breaks and trade below 19900 level then some decline can follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex gains 370 pts, Nifty around 19,950; Adani Ports, Apollo Hospitals top gainers

2. Kotak adjusts portfolio as it fails to find non-BFSI shares with good potential

3. Basilic Fly Studio SME IPO: Stock debuts at 179% premium on NSE

4. Coffee Day Enterprises stock tanks 15% on Rs 228 crore default allegation

5. IRFC on a new high, is 10th most-valued PSU after m-cap crosses Rs 1 lk cr

6. IDFC First Bank rises 2% on Rs 479.5-cr block deal with GQG Partners

7. Adani Enterprises, Adani Ports shares rise 2% as promoter group hikes stake

8. Bumper debut | Ratnaveer Precision Engineering lists at Rs 128, over 30% premium to IPO price

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 11 Sept,2023: 

Post G20 event lot of positive developments are expected which will be good for Indian economy overall. Nifty is likely to cheer the moment in coming sessions. 

For Coming Week:

With Strong buying happening in Nify it is looking attractive to cross 20,000 mark very soon.

Bank Nifty:

Banknifty is likely to join the rally. Weekly Support is at 44700. If it holds it possible target for Banknifty is to test 45,600-45850.

Attractive Stocks for Coming Week:

1. Reliance Industries: Long building up,Looking very attractive buy for 2500. Its support is at 2420. Currently RELIANCE is at 2448.

For Today:

Nifty spot if manages to trade and sustain above 19840 level then expect some further upmove in the market and if it breaks and trade below 19780 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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India aims to make the rupee a hard currency over the period of a decade as it looks to increase the use of INR in global transactions, particularly those related to the South Asian nation, says Sanjeev Sanyal, member, Economic Advisory Council to the Prime Minister.

In an exclusive interaction with Moneycontrol, Sanyal emphasised that India’s efforts to internationalise the rupee has “nothing to do with de-dollarization”. The endeavour is to make INR part of the existing list of hard currencies such as Euro, the Yen, the Singapore dollar, the British Pound, and the Renminbi, he said.

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Topic :- Share Market Closing Note

Benchmark indices ended higher on September 1 with Nifty above 19,400 amid buying across the sectors barring pharma.

The BSE midcap and smallcap indices gained 0.7 percent each.

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Topic :- Time:3.00 PM

Nifty spot if manages to close above 19400 level then expect more upmove in coming sessions and sustain above 19400 will result in 19600-19700 levels soon in few sessions. Close below 19400 will result in some sluggish movement in the market.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 229.10. If it holds above 226 level then expect it to test 233-235 levels quite soon and if it breaks and trade below 226 level then some decline can follow in it.

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Topic :- Time:2.20 PM

Just In:

DRIEST AUGUST

Weakest monsoon in a century threatens Indias growth.

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Topic :- Time:2.00 PM

Nifty is trading with 172 points gain now. Nifty spot if manages to trade and sustain above 19440 level then expect some further upmove in the market and if it breaks and trade below 19400 level then some decline can be seen in the market.

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Topic :- Time:1.40 PM

Just In:

BSE raises share buyback price to ₹1,080 apiece; record date fixed on Sept 14

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 59456. If it manages to trade and sustain above 59480 level then expect some upmove in it and if it breaks and trade below 59400 level then some decline can follow in the Gold.

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Topic :- Time:1.15 PM

Just In:

PVR-INOX recorded highest-ever monthly customers of nearly 2 crore in August

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Topic :- Time:1.00 PM

Nifty showing some good moves now. Nifty spot if manages to trade and sustain above 19400 level then expect  some further upmove and if it breaks and trade below 19340 level then some decline can be seen in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 741.80. If it manages to trade and sustain above 742 level then expect some upmove in it and if it breaks and trade below 740 level then some decline can follow in it.

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Topic :- Time:12.00 PM

Nifty is trading flat right now. Nifty spot if manages to trade and sustain above 19340 level then expect some upmove in it and if it breaks and trade below 19300 level then some decline can be seen in the market. Currently Nifty spot is trading at 19335.

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Topic :- Time:11.50 AM

Just In:

Only a day is left for the launch of Indias first solar mission, Aditya L1- The spacecraft will be launched at 11:50 am on September 2 from Sriharikota in Andhra Pradesh. 

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Topic :- Time:11.45 AM

IMPORTANT DATA & EVENTS TO BE FOCUSED ON:

11:30am

GBP- Nationwide HPI m/m

12:00pm

AUD- Commodity Prices y/y

CHF- CPI m/m

12:15pm

*EUR- French Gov Budget* Balance

12:45pm

EUR- Spanish Manufacturing PMI

1:00pm

CHF- Manufacturing PMI

1:15pm

EUR- Italian Manufacturing PMI

1:20pm

EUR- French Final Manufacturing PMI

1:25pm

EUR- German Final Manufacturing PMI

1:30pm

EUR- Final Manufacturing PMI

2:00pm

GBP- Final Manufacturing PMI

3:30pm

GBP- MPC Member Pill Speaks

6:00pm

CAD- GDP m/m

USD- Average Hourly Earnings m/m

USD- *Non-Farm Employment* Change

USD- *Unemployment Rate*

7:00pm

CAD- Manufacturing PMI

7:15pm

USD- Final Manufacturing PMI

7:30pm

USD- ISM Manufacturing PMI 

USD- ISM Manufacturing Prices

USD- Construction Spending

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 200 pts; Nifty Metal index hits 52-week high

2. After domestic LPG price reduction, commercial LPG prices cut by Rs 158

3. Nomura raises Indias economic growth forecast for FY24 to 5.9%

4. Vedanta lobbied to weaken environmental regulations during pandemic: OCCRP

5. Indias manufacturing PMI jumps to 58.6 in August, hits 3-month high

6. Torrent Pharma likely submitted non-binding bid to acquire stake in Cipla

7. Gujarat Gas hikes industrial gas price from September 1

8. Nestl� India enters into millets-based Ready-to-Make category

9. JSW gains on talks with Chinese carmaker Leapmotor for EV tech

10. Air fares likely to go up as OMCs increase jet fuel price by 14%

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Topic :- Time:11.00 AM

Nifty is trading with gains. Nifty spot if manages to trade and sustain above 19340 level then expect some further upmove in it and if it breaks and trade below 19300 level then some decline can follow in the market.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 Sept,2023

Gap down opening expected. Stock specific action expected in the market with some recovery in Nifty.

Nifty spot if manages to trade and sustain above 19280 level then expect some upmove in the Nifty and if it breaks and trade below 19200 spot level then some decline can follow in the market. 

Please note this is just opening view and should not be considered as the view for the whole day. 

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As many as seven projects related to railways have been approved in the cabinet meeting chaired by Prime Minister Narendra Modi. The projects are related to the laying of new railway lines and rail line upgradation.

Sources tell CNBC Awaaz that these projects will be completed at a cost of about Rs 20,000 crore. This is part of the preparations to redevelop 508 railway stations across India at a cost of Rs 4,195 crore. The plan is aligned with Prime Minister Narendra Modi's dream project, Amrit Bharat Station Scheme.

As many as seven projects related to railways have been approved in the cabinet meeting chaired by Prime Minister Narendra Modi. The projects are related to the laying of new railway lines and rail line upgradation.

Sources tell CNBC Awaaz that these projects will be completed at a cost of about Rs 20,000 crore. This is part of the preparations to redevelop 508 railway stations across India at a cost of Rs 4,195 crore. The plan is aligned with Prime Minister Narendra Modi's dream project, Amrit Bharat Station Scheme.

Union Railway Minister Ashwini Vaishnav had recently said that Chennai-based Integral Coach Factory (ICF) will design the sleeper variant of Vande Bharat trains by the end of December. The first few trains will be ready by March 2024. Last month, the minister had said that by February or March of next year, all three versions of Vande Bharat, including Chair Car, Vande Metro and Vande Sleeper, will be operational.