The Sensex closed the day at 54,278, down 215 points or 0.39 %. Meanwhile, NSE Nifty settled the day 56 points or 0.35 per cent at 16,238.
On the UP side: Indusind , Adaniport, TECHM, IOC
On the downside- Cipla, Reliance, Shreecem, tata steel
Tech View:- index is trading in a bullish trend with higher highs & higher lows formation and formed bearish candle pattern, Which indicates some correction from precent level, Moreover, the nifty50 index also slipped below the key level of 16300,the nifty index has resistance at 16350 levels while support comes at 16100 levels.
European & USA markets:
@ IST 5:05 European markets were trading with a Positive note. Germany’s DAX trading in 0.14%, France’s CAC40 index UP by 0.25% and England’s FTSE100 index UP by 0.02%
Where; wall street @ IST 5:05 The DOW future contract trading Positive 31 points, or 0.09%, S&P 500 Future traded UP @ 2.50 points, or 0.06%, where Nasdaq100 future trading Low at 18 points, or 0.12%.
Global News Analysis:
USA Trading in U.S. stock index futures was subdued on Friday, as investors waited for the jobs report for July amid concerns that rising cases of the Delta coronavirus variant could hurt the economic recovery.
Global investors took shelter in safer money market and bond funds in the week to Aug. 4, as the rapidly spreading Delta variant of COVID-19 dampened hopes for a faster recovery from the pandemic, with some economic data already showing signs of a slowdown.
Japan:- UBS Global Wealth Management is betting on a reflation trade in the United States and globally linked to economic reopening as the world emerges from the COVID-19 Delta variant.