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MARKET COMMENTARY

( As on Jul-30-2021 08:46 )
Indian benchmark indices are expected to start the day on negative note on Friday amid weak cues from the Asian peers.

On the result front, over 100 companies including Bandhan Bank, Britannia, Sun Pharmaceutical Industries, UPL, Indian Oil Corporation, Macrotech Developers, Marico, Nazara Technologies and Blue Dart Express are slated to post their quarterly numbers today.

Furthermore, NTPC and IDFC First are among firms that will post their Q1 numbers on Saturday.

On Thursday, the 30-share benchmark index ended at 52653.07 up by 209.36 points or by 0.4 % and then NSE Nifty was at 15778.45 up by 69.05 points or by 0.44 %.

On the global front, U.S. shares bounded to record highs on Thursday helped by strong company earnings and solid economic growth data, though the Federal Reserve’s message earlier this week that it is in no hurry to taper stimulus pinned the dollar at a one-month low.

The volley of positive news boosted the Dow Jones Industrial Average to a record high of 35,171.52 points before closing up 0.4%. The S&P 500 also jumped to an all-time high of 4,429.97 points before finishing 0.4% higher, while the Nasdaq Composite added 0.3%.

Meanwhile, markets in Asia-Pacific were mostly lower in early trading on Friday. Meanwhile, U.S. stocks rallied despite data showing second-quarter gross domestic product grew less than expected.

Japan’s Nikkei 225 dipped 1.2% in early trade, while the Topix lost 0.81%

Back home, Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 61414603.00, Tata Motors Ltd. 57733359.00, State Bank of India 35263606.00, Tata Steel Ltd. 30061041.00, Power Grid Corporation of India Ltd. 21457249.00,

On NSE, total number of shares traded was 30.92 Crore and total turnover stood at Rs. 74356.38 Crore. On NSE Future and Options, total number of contracts traded in index futures was 453174 with a total turnover of Rs. 37241.65 Crore. Along with this total number of contracts traded in stock futures were 1990594 with a total turnover of Rs. 162553.46 Crore. Total numbers of contracts for index options were 109591925 with a total turnover of Rs. 9189581.75 Crore. and total numbers of contracts for stock options were 2760746 with a total turnover of Rs. 237910.06 Crore.

The FIIs on 29/07/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6882.89 Crore and gross debt purchased stood at Rs. 725.61 Crore, while the gross equity sold stood at Rs. 9325.85 Crore and gross debt sold stood at Rs. 410.38 Crore. Therefore, the net investment of equity and debt reported were Rs. -2442.96 Crore and Rs. 315.23
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