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Share Market Closing Note

2. August 2021 Sandeep Stock Market Research (0)

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Benchmark indices ended higher with Nifty above 15,850 on August 2 led by the auto, realty, and oil & gas stocks.

At close, the Sensex was up 363.79 points or 0.69% at 52,950.63, and the Nifty was up 122.20 points or 0.78% at 15,885.20. About 2007 shares have advanced, 1071 shares declined, and 136 shares are unchanged.

Shree Cements, Titan Company, BPCL, Grasim Industries, and Eicher Motors were the top Nifty gainers. UPL, Tata Steel, Bajaj Finserv, Bajaj Finance, and NTPC were among the top losers.


All the sectoral indices ended in the green with auto, IT, oil & gas, and realty indices up 1-4.5 percent. The midcap and smallcap indices added 1 percent each.


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Topic :- Time:3.00 PM


Nifty spot if closes above 15900 level then expect some further up move in coming sessions and close below above-mentioned level will result in some sluggish movement. Avoid open positions for tomorrow.

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Topic :- Time:2.20 PM

Just In:

HDFC Q1 results: Net profit falls 1.7% to Rs 3,000.7 crore, NII up 22% at Rs 4,146.7 crore

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Topic :- Time:2.10 PM

15900 Nifty spot to act as an important level for further upmove and if it breaks and trade below 15860 levels then some decline can follow in the market.

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Topic :- Time:1.30 PM


COPPER Trading View:

COPPER is trading at 755. If it breaks and trades below the 754.60 level then expect some decline in it and if it manages to trade and sustain above the 755.20 level then some upmove can follow in it.

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Topic :- Time:1.00 PM

Nifty is going strong. Nifty spot if manages to trade and sustain above 15900 levels then expect some quick upmove and if it breaks and trade below 15860 levels then some decline can be seen in the market.

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Topic :- Time:12.30 PM

Just In:

Reliance Retail to buy out Subway India for Rs 1,488-1,860 crore.

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Topic :- Time:12.20 PM

Just In:

PolicyBazaar Files DRHP for IPO, Looks To Raise Up To Rs 6,017.5 Crore.

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Topic :- Time:12.00 PM

Nifty is still going strong. Nifty spot if manages to trade and sustain above 15900 levels then expect some further upmove and if it breaks and trade below 15860 levels then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 350 pts; BSE Midcap & Smallcap indices hit record peaks

2. Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%

3. Factory growth rebounded in July, hiring resumed after 15 months

4. NSE seeks Sebis go-ahead for IPO amid pressure from shareholders

5. UltraTech Cement accounts for 77% of Aditya Birla Groups profit in FY21

6. Small business suffer as banks shut current accounts after RBI circular

7. Unacademy raises $440 million in fresh funding at $3.44 billion valuation

8. Covid-19 in numbers Cases 31,695,958 | Deaths 424,773 | Vaccination 472,223,639


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Topic :- Stocks under F&O ban on NSE

1. Sun TV Network

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Topic :- Stocks in News

Britannia Industries: The company reported lower profit at Rs 387 crore in Q1FY22 against Rs 542.7 crore in Q1FY21, revenue fell to Rs 3,403.5 crore from Rs 3,421 crore YoY.

Equitas Small Finance Bank: The company reported sharply lower profit at Rs 12 crore in Q1FY22 against Rs 58 crore in Q1FY21, net interest income increased to Rs 461 crore from Rs 404 crore YoY.

Cholamandalam Investment: Board approved raising up to Rs 28,000 crore via non-convertible debentures. The company reported lower standalone profit at Rs 326.80 crore in Q1FY22 against Rs 430.93 crore in Q1FY21, revenue from operations increased to Rs 2,466.89 crore from Rs 2,113.63 crore YoY.

Bandhan Bank: The bank reported sharply lower profit at Rs 373.1 crore in Q1FY22 against Rs 549.8 crore in Q1FY21, net interest income rose to Rs 2,114.1 crore from Rs 1,811.5 crore YoY.

UPL: The company reported higher profit at Rs 749 crore in Q1FY22 against Rs 653 crore in Q1FY21, revenue rose to Rs 8,515 crore from Rs 7,833 crore YoY.

Tata Motors: The companys sales in the domestic & international market for July 2021 stood at 54,119 vehicles, compared to 27,711 units during July 2020.

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Topic :- Results on August 2

HDFC, Punjab National Bank, Emami, Ajmera Realty & Infra, Balaji Amines, Carborundum Universal, Castrol India, CG Power and Industrial Solutions, Nahar Spinning Mills, Orient Cement, RBL Bank, Shree Renuka Sugars, and Varun Beverages will release quarterly earnings on August 2.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 02 Aug,2021:

Nifty to turn volatile as the day progresses. Global cues to dictate trend. Stock specific action expected in the market. Use all decline as an opportunity to go long..

Nifty spot if manages to trade and sustain above 15800 level then expect some quick upmove and if it breaks and trade below 15720 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.

Please visit again this section for live stock market and commodity market updates.

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Inflation rising, MPC will have to tread a cautious path, says Upasna Bhardwaj of Kotak Mahindra Bank

2. August 2021 Sandeep Stock Market Research (0)

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Beyond August, we expect the onset of gradual monetary policy normalization, with liquidity management tools at the fore to reset the floor rate slowly within the policy corridor. For sure, the RBI will need to be more agile in using a variety of tools to calibrate the policy.

RBI | [Image: Shutterstock]

The Reserve Bank of India's monetary policy committee's (MPC) dilemma has worsened since it last met in June, with the two inflation readings released after the meeting shooting past the central bank's upper tolerance band of 6 percent.

The high-frequency data continues to improve, signalling that the worst is behind us. MPC’s statement and the minutes both had highlighted the upside risks to inflation, with adequate reference to the need for the government to take measures on the supply-side inflation.

However, we haven’t seen much traction on that front, which continues to keep upside risks to inflation intact. The progress of the monsoon has been tepid, weighing on kharif sowing, which remains about 8.9 percent lower than the last year.

The rains in the coming two months will be crucial to buffer from further supply shocks. More importantly, even before the inflation overshot, some MPC members in the June minutes were cautious on inflation, with one member noting that “clear signs of generalization in CPI (consumer price index) inflation setting in could be a tipping point where growth-inflation dynamics could alter”.

The members also highlighted that the “scope for accommodation existed since CPI inflation remained within the tolerance band”.

While we believe that inflation may trend below 6 percent from the next reading but upside risks remain amid weak monsoons and elevated global commodity prices.

Against this backdrop, MPC will have to tread carefully in managing the forward guidance, both on the policy and liquidity front. We believe that RBI’s room to ignore the inflationary risks is becoming increasingly difficult and it will soon have to get into action, though gradually.

In response to the inflationary threats, several emerging central banks have started to either hike policy rates or are tilting towards it. A few central banks in developed economies have started tapering or ending their pandemic relief asset purchase programmes.

There is already a growing debate on the timing, scale and pace of the RBI’s process of policy normalisation. Any guidance on the durability of the accommodative policy would bring in some sanity in the market.

Although as a lead signal, RBI is slowly letting lose its hold on bond yields and allowing a gradual settling on higher levels.

While in the upcoming policy we expect a status quo on rates and stance, the focus will be on the underlying tone of the statement, given the increasing risks of inflation.

We expect the RBI to revise its inflation outlook trajectory by 30-50bps across quarters, while the growth forecast of 9.5 percent may be only marginally tweaked accounting for the upside to their Q1FY22 projections— the central bank’s recent bulletin provides an estimate for Q1FY22 GDP of 22.1 percent compared to 18.5 percent mentioned in the June policy.

While near-term growth-related uncertainties will hold back MPC from changing the monetary policy stance in the August policy, it will be interesting to see any split in the voting pattern, given the improving growth momentum amid increasing inflationary risks.

Beyond August, we expect the onset of gradual monetary policy normalization, with liquidity management tools at the fore to reset the floor rate slowly within the policy corridor. For sure, the RBI will need to be more agile in using a variety of tools to calibrate policy.

Tools like the overnight voluntary retention route (VRR), increase in quantum of 14-day VRR and allowing non-bank participation in the VRR could be the playbook before a reverse repo hike in December.

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