The Indian market is closed slightly higher today. Sensex closed 21 points higher at 58,136 and Nifty rose 5 points to 17,345. The Equity Market ends higher for the fourth session on Monday, tracking a strong global signal and fresh foreign funds. Sensex rose 545.25 points to end at 58,115.50. Nifty received 181.80 points or 1.06 percent to 17,340.05.

Tirthakar Das, Head of Technical Research, Ashika Group

“Nifty forms a long bullish candle with a bullish escape gap that shows that the trend remains intact and is likely to continue the positive momentum. At the front of the oscillator there are still no signs of fatigue, or any signal reversal is being opened. On the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, on the contrary, converse . Weekly RSI records escape from a 6 -month trend that shows a long -term positive bias. The psychological level of 17,000 which in charge of 200 DMA will be a level of short -term trend decline in the market. At the increased target level for nifty nifty is around 17500 ( to 80% of the decrease in two months (18,100-15,183). Increases the extent of the market measured by a percentage of shares above 50 & 200 DMA in a good number of universe for sustainable durability. 17,190-17,222 can be used to create a long position for the target of 17,500 . “

Yes Bank’s shares extend the profit for the second session in succession -according to today after the private lender council approved the increase in 8,898 Crore Hospital from funds affiliated with private equity investors Carlyle and Advent International. Both of these funds have the potential to have 10 percent each in private loan providers.

Separately, the bank issued a notification stating that the council will hold an Extraordinary General Meeting (EGM) on August 24 through Video-Conference (VC)/other audiovisual methods (OVAM).

EGM Announcement assuming significance because it came a few days after the lender council removing the merging of funds from PE investors.

Icici Securities is positive for the increase in capital proposed by the bank.

Star Health Insurance shares have increased 51% of their lowest 52 weeks in only 21 trading sessions or a month. Stocks, which formed part of the ACE Investor Portfolio Rakesh Jhunjhunwala, reached the lowest 52 weeks RS 469.05 on July 1, 2022.

Bintang health shares were closed at RS 710.20 on August 1, giving a return of 51.41 percent to investors in a month. However, Star Health Insurance shares are still traded 23.3 percent lower than the highest 52-week RS 940, which struck on December 10, 2021.

Rakesh Jhunjhunwala is a Star Health promoter. He (14.39 percent or 8.28 Crore shares) and his wife Rekha Jhunjhunwala (3.10 percent or 1.78 CRORE shares) held 17.49 percent of shares in the company in the June 2022 quarter, a data on shares ownership pattern.

Zomato stocks enlarged more than 18 percent in early trading in the middle of a strong market today after the food shipping company said the quarterly loss was narrowed by an increase in orders for restaurant food on its platform.

Zomato reported the net loss of RS 186 Crore for the quarter ended June 2022 against the net loss of RS 356 Crore last year. Zomato shares rose 18.44 percent in RS 54.90 today to the previous closure from RS 46.35 in BSE.

Massive stock opened 7.87 percent higher in RS 50 today. Stocks have dropped 61 percent in 2022 and lost 61.57 percent in a year.

The stock reached the highest 52 weeks RS 169.10 on November 16, 2021 and the lowest 52 weeks RS 40.55 on July 7, 2022.

Total 388.63 Lakh shares of the company changed hands at the turnover of RS 196.09 Crore in BSE. The company’s market capitalization rose to RS 41.730 Crore in BSE.

FMCG shares Major ITC rose by almost 3% amid today’s market decline after the company reported an increase of 34% year-to-year in the consolidated net profit for the quarter ended 30 June 2022.

ITC shares rose 2.96% to the highest 52 weeks New RS 316.65 against the previous closure of RS 307.55 in BSE. Income was announced after market hours on August 1, 2022. ITC shares were traded higher than moving averages of 5 days, 20 days, 50 days, 100 days and 200 days. Large hat stock has risen 50.33 % in a year and rose 42.91 % in 2022.

A total of 10.96 LAKH shares of the company changed hands at the turnover of RS 34.26 Crore on BSE.

The company’s market capitalization rose to 3,85 Lakh Crore RS.

Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equity

The market tends to take a breath and see the gap opening the weakness of weaknesses in other Asian indexes and falls overnight in US measuring devices. However, there is a possibility that the market can be higher when trading takes place in several positive catalysts such as US treasury results that fall in trading overnight, a strong GST July collection, and foreign investors who continue to take exposure to local equity during the last few weeks in fact, on Monday Fiis bought shares worth 2,321 Crore Rs and also buyers in trading Friday to RS 1,046 Crore. These sentiments are also likely to be supported by Q1 revenues that are better than those estimated from India Inc., relieve China Covid’s sidewalks, and the lack of federal reserve hope is running.

Shrikant Chouhan, Head of Equity Research (Retail), Securities Box

“For traders, 17,250 will act as the main support level, on top of the index can move up to 17,450-17,500 levels. On the flip side, intraday correction is quickly possible below 17,250, underneath the index will re -test the level of 17,150 -17.100.”

The Indian market is likely to open lower today because SGX Nifty dropped 92 points to 17,300. The Singapore Stock Exchange is considered as the first indication of the opening of the Indian market.

The Equity Market ends higher for the fourth session on Monday, tracking a strong global signal and fresh foreign funds. Sensex rose 545.25 points to end at 58,115.50. Nifty received 181.80 points or 1.06 percent to 17,340.05.

Mahindra & Mahindra, NTPC, Reliance Industries, Maruti Suzuki India, Bharti Airtel, Mahindra Box Bank, Power Grid and Ultratech Cement are Sensex Top producers, up to 6.15 percent.