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August 2, 2021

The Sensex zoomed 364 points, or 0.69 per cent, to close at 52,951 levels while the Nifty 50shut shop at 15,885-mark, up 122 points.

On the UP side: Shree Cements, Bharat Petroleum, Adani Ports, Eicher Motors, Indian Oil, Grasim Industries, Britannia and Mahindra & Mahindra also rose between 2-3.5 per cent.
On the downside, UPL, Tata Steel, Bajaj Finserv, Bajaj Finance, Tech Mahindra, NTPC, Sun Pharma, Dr Reddy’s Labs, HDFC Bank and ICICI Bank were among the losers.

Tech View:- Index has crossed important level 15800 & managed to closed above it 15887, Which is the good sign immediate Resistance level 15950 – 16000, Immediate Support zone 15810-15750.

European & USA markets:
@ IST 4.44 European markets were trading with a Positive note. Germany’s DAX trading in Red, 0.15 %, France’s CAC40 index up by 0.47 % and England’s FTSE100 index up by 0.59 %.
Where; wall street @ IST 4.45, The DOW future contract trading in Green 79 points, or 0.23%, S&P 500 Future traded high @ 13.75 points, or 0.31%, and where Nasdaq100 future trading Negative 88 points, or 0.59%.

Global News Analysis:

Brazil-central bank is preparing to require banks to account for potential losses from climate change-related phenomena such as droughts, floods and forest fires, in stress tests, positioning itself as a global leader in ESG-based financial sector regulation.
China- China’s Covid-19 outbreaks spread; economy slows. The Delta variant poses new risks for the world’s second-biggest economy as it spreads from the coast to China’s inland cities and presents fresh challenges to authorities who have for months managed to avert any widespread outbreak of the coronavirus.
U.S -Senators reached agreement on the wording of a $1 trillion Infrastructure bill which may now be voted on in the Senate as early as this week.