Daily Report · August 4, 2020

Pre Market Report 4 Aug

  • US markets Closed higher
  • Apple , Microsoft led the rise
  • Asian Markets are tradind higher.
  • SGX nifty is higher by mere 20 points
  • Reliance, Hdfc twins and ICICI bank are weak, they fell almost 10 % from last swing highs
  • Bandhan Bank was down more than 10 % due to a block deal. RBI told promoters to reduce stake. Rs 10500 Crores worth of shares got sold, most of them were bought by FIIs.
  • RBI policy is on thursday, markets may remain subdued till that.
  • Amit shah corona infection news may have dampened the moods of bulls, who knows.
  • Our markets are not following global markets for a while now.
  • Manufacturing PMI came bad
  • NIfty now has to cross psychological figure of 11000 to resume uptrend
  • Bank Nifty needs to cross 22300

[responsivevoice_button voice=”UK English Female” buttontext=”Listen to Post”]