Live Indian Market Intraday Updates on 02 August 2019

Nifty Ended Higher Just Below 11000-mark Despite weakness In Global Market


How well the EQSIS recommendations performed today 02 August?

1. EQSIS Intra: Short ITC below 263.25 Target 260.4 Stop above 265.5 CMP 264

Status: Stoploss


5:11:40 PM

Closing Bell: NIFTY Ended Higher Just Below 11000-mark Despite weakness In Global Market

NIFTY rebounded from the day’s low and ended 17 points up at 10,997 led by gains in HDFC, Bharti Airtel, Tata Consultancy Services, Infosys, Asian Paints and Maruti Suzuki. However, the gains were kept under check as Tata Steel, State Bank of India, ICICI Bank and ITC ended on a weak note.

On a weekly basis, this was a 5th consecutive weekly negative close for the Nifty, where the index closed 2.52% lower as weak earnings, unabated foreign fund outflows, and Washington’s tariffs on China clouded investor sentiment.

Asian markets finished sharply lower on Friday after the US President Donald Trump said he would slap a 10% tariff on the remaining $300 billion of Chinese imports from next month.

NSE Sector Performance


12:45:03 PM

Market Update: Nifty regains 10,900 level

The Nifty 50 index was down 50 points at 10,928 levels. Nifty recovered in Friday’s afternoon trade after plunging a percent earlier in the day amid weak global cues.

All the Nifty sectoral indices, except Nifty Auto, were trading in the red, led by Nifty Metal, down 2 per cent and Nifty Realty, down 1.2 per cent.

The market breadth was tilted in favour of sellers. About 1145 stocks declined and 581 shares advanced on National Stock Exchange.


10:06:53 AM

Morning Update: Nifty below 10,900 tracking Asian peers; Metal, Auto, Financials top drag

The NSE Nifty was down 102 points – or 0.94 per cent – at 10,875 levels. Nifty Were trading below 10,900 mark on Friday, falling for a second straight session, tracking weakness in Asian peers. While, Bank Nifty also breached 28,000 level.

Losses in banking, auto and metal stocks dragged the markets lower. Investors awaited earnings from large cap companies such as State Bank of India, ITC and Housing Development Finance Corporation (HDFC) to report their earnings later in the day. 


9:43:46 AM

FII & DII data

The foreign institutional investors (FIIs) sold shares worth Rs 1056.55 crore on a net basis, while domestic institutional investors (DIIs) bought shares worth Rs 561.28 crore as on August 1st, 2019.


9:42:42 AM

Nifty Earnings To Watch

  • HDFC
  • ITC
  • State Bank of India
  • Power Grid Corporation
  • Ujjivan Financial Services
  • Nestle India
  • Exide Industries
  • Bata India
  • Birla Corporation
  • BSE
  • Andhra Bank
  • Union Bank of India

9:07:52 AM

Earnings Reaction To Watch

Marico Ltd

  • Total revenue grew to Rs 2166 crores in Q1 FY20, an increase from Rs 2027 crores in Q1 FY20.
  • Net profit after tax to Rs 308 crores in Q1 FY20, an increase from Rs 255 crores in Q1 FY20.
  • Earnings per share to Rs 2.3 in Q1 FY20, an increase from Rs 1.9 in Q1 FY20.

CEAT Ltd

  • Total revenue grew to Rs 1752 crores in Q1 FY20, an increase from Rs 1722 crores in Q1 FY20.
  • Net profit after tax to Rs 83 crores in Q1 FY20, an increase from Rs 72 crores in Q1 FY20.
  • Earnings per share to Rs 20.7 in Q1 FY20, an increase from Rs 18 in Q1 FY20.

9:06:32 AM

Top News Of The Day

Vodafone Monetises Rs 6000 Crores

  • Vodafone Idea Ltd, India’s second-largest telecom operator in terms of subscribers, is set to monetise its stake in Indus Towers as part of the latter’s merger with Bharti Infratel.

Indian Bonds Slides

  • Indian bonds fell as investors trimmed bets on aggressive interest-rate cuts in high-yield markets after a hawkish signal from the Federal Reserve.

9:01:35 AM

Good Morning

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Article Info

Published Date: August 2, 2019
Author: Valarmurugan

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