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Goodreturns
  • 3 years ago
The Indian stock market closed flat on Wednesday, with the Sensex and the Nifty losing ground amid weak global cues. Investors were cautious ahead of key macro-economic data releases in the US and India, including the Q2 GDP numbers for the US and India. The PCE price index data is due on Thursday, and the non-farm payrolls report is expected on Friday.
Here is a more detailed explanation of the key macro-economic data releases:
Q2 GDP numbers: The Q2 GDP numbers for the US are expected to be released today. This data will be closely watched by investors for signs of economic growth.
PCE price index data: The PCE price index data is due on Thursday. This data measures the change in prices of goods and services purchased by consumers.
Non-farm payrolls report: The non-farm payrolls report is expected on Friday. This report measures the number of jobs created in the US in a month.
The Indian stock market is likely to remain volatile in the coming days ahead of these key data releases. Investors are likely to remain cautious and take a wait-and-see approach.



Disclaimer: The views and investment tips expressed by experts on GoodReturns are their own and not those of the website or its management. GoodReturns advises users to check with certified experts before taking any investment decisions.

#Sensex #Nifty50 #BankNifty
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Transcript
00:00 So, today we saw a gap opening in Nifty. The market was up to 80 points.
00:05 But, we saw a profit booking in the market half an hour before the last closing.
00:11 Nifty closed with only 2 positive points. Sensex closed with 10 positive points.
00:15 At one time, Sensex was positive up to 300 points.
00:18 Nifty closed at 19,340. Sensex closed at 65,080.
00:25 Bank Nifty closed with 310 points.
00:32 Now, what happened was that we saw a profit booking.
00:36 According to the G20 meeting, the market is bullish.
00:44 But, with the opening of the gap, there was a risk of a technical downside.
00:51 So, it was important to buy put.
00:57 Let's see the future stocks.
00:59 In Digaj, the profit booking was fast.
01:04 India Cement closed with 3% down.
01:10 Hind Petro closed with 3% down.
01:12 Bandhan Bank, IOC, Indigo, Power Grid closed with 2-2.5% down.
01:18 In Teji, there was no profit booking. The sector was not weak.
01:26 The sector went down. The bank leading the sector went down.
01:37 If we look at the top gainers, there are some stocks like DLF, PFC, Maricopa, Persistent.
01:49 You saw a profit booking at the end, but it was still positive.
01:55 If we focus on the stocks, we have to prepare for tomorrow.
02:03 The market will be at 19,380 tomorrow.
02:08 There will be a buy call and a level of 480.
02:12 If it opens below 19,300, then there will be a level of 19,200.
02:20 The OI data suggests that we should keep a distance from SBI, ICICI Bank, and SGFC.
02:29 There is a possibility of profit booking.
02:32 For buy, we have MRF, Godrej CP, Delta Crop, ACC, Bata India, Dabur, and SCL.
02:41 These are the counters that will be more positive tomorrow.
02:46 [Music]
02:50 (bell chimes)

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