Daily Report · August 27, 2021

Morning Pulse 27/08/21

  • There was a terrible twin blast at Afghanistan Kabul Airport killing 4 US marines among 40+ Afghans. I don’t know if this is a very clever political ploy to gain something or just sheer incompetence of leadership. Whatever it is Afghan citizens are getting affected the most.
  • Monthly Expiry was relatively peaceful ahead of jackson hole meeting.
  • US markets dipped after FED Bullard and Kaplan already gave warning for Bond Buying Tapering programs. Now Powell’s speech would be important to ascertain Covid related uncertainty. Looks like Bond tapering is coming but how much and when is the question.
  • Nifty Auto and Nifty Pharma indices are showing weakness.
  • Nifty and Banknifty closed almost flat.
  • Jackson Hole Meeting is scheduled today but it be in the evening Indian time, so won’t be carrying any position over the weekend.
Nifty Auto

Nifty Pharma