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August 10, 2021

The BSE ended at 54,555 levels, up 152 point or 0.28 % , while the NSE’s Nifty 50 index closed at 16,268 mark, up 10 points or 0.06 per cent.

On the Upside: Bharti Airtel, Tech Mahindra, HDFC, Kotak Mahindra Bank, Mahindra & Mahindra, Wipro, HCL Technologies, Tata Consumer Products, Divi’s Labs and Infosys were also among the gainers.

On the Downside- Shree Cements, JSW Steel, Tata Steel, Hindalco, Power Grid, NTPC, Indian Oil, Grasim Industries, ITC, Bharat Petroleum and State Bank of India were among the losers.

Tech View:- Index managed to hold 16200 and closed on positive note at 16268 and Formed Doji sort of candle pattern on daily chart. 16200-16000 will be a support zone, and 16450-16500 will be the resistance.

European & USA markets:
@ IST 5:00 European markets were trading with a Positive note. Germany’s DAX trading 0.20 %, France’s CAC40 index UP by 0.16% and England’s FTSE100 index DOWN by 0.02 %.
Where; wall street @ IST 5:00 The DOW future contract trading Negative 10 points, or 0.03%, S&P 500 Future trading in positive note @ 0.50 points, or 0.01%, and Nasdaq100 future trading Positive 17 points, or 0.11%.

Global News Analysis:

USA- Senate on Tuesday is set to hand President Joe Biden a $1 trillion victory when it votes to pass one of the largest infrastructure investment bills in decades and then launches debate on a budget framework aimed at setting the stage for $3.5 trillion in additional investments.
Germany-economy is on track to receive an extraordinary boost from a single start-up this year after BioNTech raised its forecast for Covid-19 vaccine sales to 15.9 billion euros ($18.6 billion).

Japan- SoftBank Group Corp will pause its investing in China as it waits for regulatory action against the country’s tech firms to play out.