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August 24, 2021

The Sensex index advances 403 points, or 0.73per cent, and closed at 55,959 levels while the nifty 50 index ended at 16,625, levels, UP by 128 points or 0.78 per cent.

On the UPside: Adaniport,Tatasteel,BajajfinservHindalco.

On the downside- Nestle, Britania, Asianpaint, Hdfc.

Tech View:-The market have tested 16600 level, sustained above successfully closed at 16625, The market expect to gain some momentum see upside level 16700, technical indicator suggest market will stay range bound between 16500-16700.

European & USA markets:
@ IST 4:30European markets were trading at mix note. Where the Germany’s DAXtrading 0.28 %,France’s CAC40 index down by0.34%and England’s FTSE100 index down by0.17%.
Where; wall street @ IST 4:30 The DOW future contract trading Positive54 points, or 0.15%,S&P 500 Future traded down @ 9points, or 0.19%, Where Nasdaq100 future 46points, or0.32%.

Global News Analysis:

USA:- Western forces at Kabul airport worked frantically on Tuesday to get people out of Afghanistan before an Aug. 31 deadline, as U.S. President Joe Biden faced growing pressure to negotiate more time for the airlift of thousands trying to flee
China:- Chinese stocks had their best day this year as bargain-hunters, both local and foreign, snapped up names that have sold off heavily in recent weeks on perceptions that the impact of new regulation may be less drastic than feared.
China:-China’s coming rules for protecting critical information infrastructure are not aimed at firms planning overseas listings, and all companies must be involved in ensuring network security, a senior cyberspace regulatory official said..
LONDON -The number of homes sold in the United Kingdom fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis, official data showed on Tuesday.