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D-Street is anticipating recovery

Karan DSIJ / Article rating: 5.0

Yesterday’s session proved to be Black Monday for the Indian markets as both Sensex and Nifty glided below their important psychological level of 37,000 and 11,000, respectively. However, the bulls on D-Street would attempt for revival on Tuesday, aided by the joyful mood amongst the global peers.

A gloomy beginning of August month

Karan DSIJ / Article rating: 5.0

The bulls finally halted its upward run as on July 31, 2020 post recording gains for six successive weeks. Last week, Nifty and Sensex descended by 120 points and 421 points, respectively. The fall of 4.51 per cent in the Bank Nifty acted as the biggest thorn in the flesh resulting into a market correction.

August F&O series to begin on buoyant note

Karan DSIJ / Article rating: 4.5

Despite markets losing close to a per cent on the Futures & Options (F&O) expiry day, the July series ended with gains of almost 868 points or 8.47 per cent. Early trends in SGX Nifty suggests that the first trading session of the August F&O series is likely to begin with optimism. At 7:45 AM, SGX Nifty is trading with gains of 0.57 per cent at 11,147.50 level.

Ahead of F&O expiry, markets likely to open on buoyant note

Karan DSIJ / Article rating: 5.0

On Thursday, amid optimistic cues from global markets, Indian markets are likely to open with a positive bias. The US Fed has committed to keep the taps flowing till the time growth revives and this is acting as the key catalyst for the bulls. At 7:50 AM, SGX Nifty is trading with gains of 7.50 points at 11,232.50 level.