Daily Report · July 30, 2020

Pre Market Report 30 July

  • US markets closed higher. S&P 500 was up 1.34% and Dow Jones was .61%
  • Fed decided to stay the course with low interest rate. Kept it at 0.25%
  • Markets didn’t react much
  • Asian Markets are trading higher.
  • SGX nifty is trading slightly up.
  • Yesterday Reliance fell more than 3% ahead of Q1 results.
  • Seemed lik profit booking before results.
  • HDFC will declare results today
  • Dr Reddy saw a huge uptick of 6.2% after results.
  • FII and DII both were net sellers.
  • Yesterday there was a news that PM modi is holding talks with Heads of Banks and NBFCs
  • PSU banks saw uptick because of that.
  • Markets were volatile yesterday, Bank nifty ended up in a doji
  • Bharti Airtel posted better than expected results. It will a stock to watch for.
  • Today is monthly expiry so, markets may give wild swings.
  • Nifty range between 11150- 11350
  • Bank Nifty 21800-22500