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August 13, 2021

The Sensex cross the 55,400-mark for the first time and hit a new high of 55,488 in the intra-day trade. Meanwhile, The NSE surpassed the 16,450 mark and rallied ahead to hit an all-time high of 16,543. both the indices were quoting at 55,437 and 16,519 levels, up 593 and 152 points, respectively.


On the Downside- Eishermoto, Dr reddy, Cipla, Powergrid.

Tech View:- Index closed a week on fresh high at 16519 and formed a bullish candle on the weekly chart for a second consecutive week. The immediate basis index has formed a base near 16440-16380 zone any dips near mentioned levels can be used as fresh entry & resistance is coming near 16550-16600 zone which will be immediate profit booking levels.

European & USA markets:
@ IST 5:15 European markets were trading with a Positive note. Germany’s DAX trading 0.41 %, France’s CAC40 index UP by 0.35% and England’s FTSE100 index UP by 0.38 %.
Where; wall street @ IST 5:15 The DOW future contract trading Positive 49 points, or 0.14%, S&P 500 Future trading in Positive note @ 1.75 points, or 0.03%, and while Nasdaq100 future trading Negative Note 8 points, or 0.05%.

Global News Analysis:

USA- U.S. stocks are seen edging higher Friday, with a generally positive week coming to an end, boosted by a rebounding labor market and strong corporate earnings.
Indonesia- trade surplus is expected to show an expansion in July after the government imposed mobility restrictions to control a spike in COVID-19 cases, squeezing exports and imports, a Reuters poll showed on Friday.

LONDON- Investors have made a beeline into so-called “value trades”, adding cash into European stocks and financial and material shares during the past week, BofA’s weekly statistics showed on Friday, keeping the region’s markets on a record-breaking run