Morning Update :
NIFTY:
Nifty extended its winning streak for the fifth straight session, closing on a strong note. As long as the index holds above the 24,850–24,900 zone, momentum is expected to remain positive. Immediate hurdle is seen at 25,250, followed by the gap area near 25,350. Overall view stays buy-on-dips.
BANK NIFTY:
Bank Nifty managed to hold its base multiple times around the 55,550–55,600 zone, forming an NR4 pattern. A sustained move above 55,800 could trigger fresh momentum, with banks expected to lead the next leg of upside. For now, the index is finding it difficult to clear the mid-Bollinger line and is yet to achieve a convincing close above the psychological 56,000 mark.
Nifty 50
Support Level : 24850
Resistance Level : 25250
Bank Nifty
Support Level : 55550
Resistance Level : 56500
Stocks in news
- Indian Oil, BPCL resume buying Russian oil for September as discounts widen
- Jupiter Wagons gets Letter of Intent worth Rs 215 cr for supply of 5376 wheelsets for Vande Bharat Train
- Sula Vineyards eyes entry into premium spirits market via acquisition: Sources.
- RACL Geartech Secures long-term supply order for Transmission Gears from Leading Indian Premium Motorcycle Manufacturer
- Ashiana Housing New projects launched: Ashiana Tarang Phase 6 (Bhiwadi) & Ashiana Aravali (Jaipur)
- Prostarm Info Systems wins Major 150 MW Battery Storage Project in Karnataka
- Man Infra Promoter group bought 4.61 lakh shares
- Welspun One to invest ₹2,150 cr for warehouses across Karnataka, Tamil Nadu
- Aurobindo Pharma leads $5 billion race to acquire Prague-based Zentiva
- Vedanta demerger faces delay as Centre objects, Sebi issues warning
- Tata Motors returns to South African car market after six-year absence
- SBI raises home loan rates by 25 basis points
- Infosys gives 80% bonus to majority of employees for first quarter
- NTPC arm commissions 212.5MW solar, 52.5MW wind energy capacities
- Natco Pharma launches generic drug with 180-day exclusivity in US
- CAMS secures RBI Nod to Transfer Payment Aggregator Business to Wholly-Owned Subsidiary Camspay; Certificate Of Authorisation to Be Surrendered Post-Transfer.
- Ultratech Cement to off-load up to 6.49% of stake in India Cements
- RailTel has received a ₹15.42 Cr work order from the Higher Education Department, Govt. of Odisha
- Ultra Tech Cement board approves selling up to 6.49% stake in India Cements via OFS
- Shree Cements Ltd received a rectification order from the Income Tax Dept. for FY22, reducing the tax demand to Rs 221.72 Cr from Rs 588.65 Cr
- RIL could see a credit rating upgrade in the next 12 months, believes S&P Global
- JSW steps up EV bet with Green Mobility funds, MG Motor plans
Quick Takeaways
- MSMEs in textiles, diamonds, chemicals to be most hit by US tariffs: Report
- India's retail sector projected to nearly double to $1.93 trn by 2030: Deloitte-FICCI
- GST exemption on insurance premiums has been proposed for individuals
- Retail jobs roar back as hiring rebounds across India
- India can match oil-producing nations with cheap hydrogen: Nitin Gadkari
- India's non-smartphone electronics exports cross $14 billion mark in FY24-25
- Singapore's Temasek mulls three-way split: Report
- Lok Sabha passes Online Gaming Bill, 2025
- Comex gold prices projected to touch USD 3,600 by year-end: Report
- More regulatory demarcations for cosmetics from those for drugs needed: Nivea India CEO
- India's core industries grew by 2% in July vs 2.2% in June
F&O Stocks in Ban :
- PGEL
- RBLBANK
- TITAGARH
