Markets ended on a flat note after failure to sustain above 16700 led by weakness in Bank Nifty while broader market remained positive. The 21-day historical volatility in Nifty 50 index has fallen drastically to 8.5% which means we may see sharp reversal in market in case Nifty closes below 16550. The rising wedge setup in Nifty to USDINR also explains that the markets are at apex zone of large setup hence volatility is likely to expand in the coming days.
U.S markets gained with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact. The Dow Jones Industrial Average rose 39.24 points, or 0.11%, to 35,405.5, the S&P 500 gained 9.96 points, or 0.22%, to 4,496.19 and the Nasdaq Composite added 22.06 points, or 0.15%, to 15,041.86.
Stocks in news
Bharti Airtel: Board Meeting On Aug. 29, Co. To Consider Raising Of Funds
JSPL: Co. To Consider Raising Of Funds Via NCDS On Aug 30
Jindal Steel: Co Plans To Spend $2.4 Billion Over The Next Six Years To Ramp Up Capacity
Vodafone Idea: Co Unlikely To Merge With State-Owned Telcos, But May Get License Fee Reprieve
Great Eastern Shipping: ICICI Prudential Acquired 7.1l Share Or 0.49% Stake On Aug. 23
Infosys: Co Announces New Digital Development Centre In Toronto Region To Nurture Digital-Ready Workforce
Kotak Mahindra Bank: Group Will Actively Seek Inorganic Growth Opportunities In Indian Financial Services Space
ZuariAgro: Co Promoter Creates Pledge Of 1.2m Share Or 2.85% Stake On Aug. 23.
Power Grid commissions Vindhyachal –Varanasi transmission line
Must Read: Attain Financial Freedom in 10 Simple Steps
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning without any cost on: http://bit.ly/Robo-Fintoo
Disclaimer: The views shared in blogs are based on personal opinion and does not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.
