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Share Market Closing Note
Indian benchmark indices ended lower on August 3 with Nifty at 19,381.65.
UPL, Titan Company, Bajaj Finserv, ONGC and ICICI Bank are among the top losers on the Nifty, while gainers included Adani Enterprises, Eicher Motors, Divis Labs, Infosys and Adani Ports.
Among sectors, pharma index gained 1 percent, while bank, metal, oil & gas and realty down 1-2 percent each.
The BSE Midcap and Smallcap indices ended on flat note.
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Topic :- Time:3.15 PM
Just In:
Jhunjhunwala-backed Concord Biotech IPO to open on August 4, sets price band at Rs 705-741per share
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Topic :- Time:3.00 PM
Nifty spot if holds above 19340 level on closing basis then expect some pull back in the market in coming days and if it closes below above mentioned level then some sluggish movement can follow in the Nifty.
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Topic :- Time:2.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 6568. If it manages to trade and sustain above 6575 level then expect some upmove in it and if it sustains below 6575 level then some down move can be seen in it.
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Topic :- Time:2.00 PM
There is no stop for Nifty fall right now. Nifty is showing some free fall since yesterday. Nifty spot if breaks and trade below 19300 level then expect some further decline in the market and if it manages to trade and sustain above 19340 level then some upmove can happen. Currently Nifty spot is at 19309.
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Topic :- Time:1.30 PM
GOLD Trading View:
GOLD is trading at 59520. If it manages to trade and sustain above 59560 level then expect some upmove in it and if it breaks and trade below 59480 level then some decline can be seen in the Gold.
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Topic :- Time:1.10 PM
Just In:
Temasek to invest Rs 1,200 crore in M&Ms EV firm, ups stake to 3%
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Topic :- Time:1.00 PM
Nifty spot is trading at 19357. If it manages to trade and sustain above 19380 level then expect some further upmove in the market and if it breaks and trade below 19320 level then some decline can be seen in the Nifty.
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Topic :- Time:12.50 PM
Just In:
India government restricts import of laptop, computers, tablets
On Thursday, the Indian government issued a notice imposing immediate restrictions on the import of laptops, tablets, and personal computers.
Their import would be allowed against a valid licence for restricted imports, said the notice issued by the Ministry of Commerce and Industry, Department of Commerce, Government of India.
As per the notice issued by the government, Exemption from Import Licencing requirements is provided for Import of All-in-one Personal Computer, or Ultra small form factor Computer, including those purchased from e-commerce portals, through post or courier. Imports shall be subject to payment of duty as applicable.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 735.70. If it breaks and trade below 734 level then expect some decline in it and if it manages to trade and sustain above 737 level then some upmove can be seen in it.
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Topic :- Time:12.00 PM
Once again nifty is trading with negative bias however it is near its immediate support area. Nifty spot is currently trading at 19474. If it breaks and trade below 19460 level then expect some further decline in the market and if it manages to trade and sustain above 19500 level then some upmove can follow in the Nifty.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Indices trade flat amid volatility; Sun Pharma, Adani Enterprises top gainers
2. Ambuja Cements buys majority stake in Sanghi Industries, open offer coming
3. Services PMI jumps to 62.3 in July, highest in more than 13 years
4. Tiger Global-backed Spinny fires 300 employees in business rejig
5. Top brokerages face Sebi heat over ties with an algo-marketplace
6. Zydus Lifesciences gains on USFDA nod to arthritis drug
7. IMD puts Mumbai on yellow alert for Aug 3
8. Vedanta shares fall 9% on block deal, promoter Twin Star Holdings likely seller
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 03 August,2023:
Nifty is likely to remain volatile and is expected to turn even more volatile as the day progresses.
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 19460 level then some decline can be witnessed in the market.
Please note this is just opening view and should not be considered as the view for the whole day.