Nifty futures trimmed losses in early trading and fell just 8.5 percent to 15,733 on the Singapore Stock Exchange. BSE Sensex and Nifty 50 got off to a cautious start Tuesday, on the back of global defeat. Investors will closely watch the spread of the Delta variant, April-June quarter results, oil prices, the movement of the rupee against the US dollar, and other global developments. Analysts said the first quarter earnings season has been a mixed bag thus far and has led to sector / equity specific actions likely to continue. In addition, you can provide investors with information on the scale of the economic recovery through management feedback. “The market has been consolidating near its lifetime highs for the past two weeks. Overall, equity markets have shown strong resilience despite facing headwinds from the arrival of a potential third wave of COVID, ”said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Last day to bid for Tatva Chintan IPO: Today is the last day for investors to bid on the Tatva Chintan Pharma IPO. The public issue has been underwritten 15 times so far and all categories of investors have oversubscribed their share.
Global surveillance: Asian stock markets tumbled in early trading Tuesday, following an overnight sell-off on Wall Street. In the US, COVID-19 cases soared 70% last week, driven by the Delta variant. The Dow Jones Industrial Average fell 725.81 points, or 2.09 percent, the S&P 500 lost 68.67 points, or 1.59 percent, and the Nasdaq Composite fell 152.25 points, or 1.06 percent, to 14,274.98.
The economy will grow between 6.5% and 7% in fiscal year 23: The economy is likely to grow between 6.5% and 7% in fiscal year 23 and the rate of expansion could accelerate further thereafter, as the fruits of the structural reforms undertaken in the wake of the pandemic of Covid-19 will be visible for years to come, Chief Economic Advisor (CEA) Krishnamurthy V Subramanian said on Monday.
FII Converts Net Sellers in the Indian Stock Market: On Monday, Foreign Institutional Investors (FII) downloaded shares worth Rs 2,198.71 million, while Domestic Institutional Investors (DII) obtained shares worth Rs 1,047.66 million on the Indian stock market. .
First quarter results: ICICI Prudential Life Insurance Company, Bajaj Finance, Asian Paints, Syngene International, ICICI Securities, Crisil, DCM Shriram, Shyam Metalics and Energy, ITDC, Newgen Software and Jubilant Ingrevia are among the companies to publish earnings for the April-June quarter the 20th of July. .
Call, PUT OI: The maximum interest of opening the call of 67,843 contracts was seen in 16,000 strikes, followed by 15,900 strikes. The maximum open sale interest of 39,685 contracts was seen in 15,700 strikes, followed by 15,600 strikes.