E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings – Money management
You are at:Home»Business»Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 26th August 2022
Business

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 26th August 2022

By August 25, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Indian stock markets closed in the red on Thursday. The BSE Sensex fell by 311 points or 0.53 per cent to settle at 58774.72 while the 50-share Nifty50 closed at 17522.45 and was down by 82 points or 0.47 per cent from the Wednesday closing level. Nift Bank ended at 38950.75 and was lower by 0.22 per cent. The Nifty Mid Cap 100 settled at 30942 and was down by 18 points.

On today’s market action, Zee Business Managing Editor Anil Singhvi said that the day was quite eventful with movement on both sides. The beginning was positive as global cues were favourable. The strength was derived from the US Markets, he added. Nifty traded in the range of 75 points moving between 17650 and 17725.

The last one-hour proved to be costly on account of two reasons. One was due to the monthly expiry today where profit booking was seen as the market had ample long positions and the second reason was that Dow shed some points and correction was also seen in European markets.

This was after a two-day recovery. 

Here are things to watch out for when markets reopen on Friday:

1) Market expert Avinash Gorakshakar said that profit booking was seen today because of short covering. Moreover, the GDP data and unemployment numbers in the US also weighed on the markets. Globally, funds were less active in today’s trading session, he further said.

2) Gorakshakar’s advice to investors is to kee a stock specific approach. There could be less traction in indices with some volatility, he said.  

3) Investors can take a long term view on Sharda Motor shares. It is attractively valued and has good growth potential. He puts the price target at Rs 950.

4) The Foreign Institutional Investors (FIIs) bought Indian equities worth Rs 369 cr while the Domestic Institutional Investors (DIIs) sold equities worth Rs 334 cr.   

5) September series will begin from Friday. The opening tomorrow will take cues from the US market closing on Thursday, Managing Editor said.

6) Three-day Jackson Hole meeting begins today and markets will be keeping an eye on it.

7) Nifty50 will find support in the range between 17350 and 17450 while resistance between 17600 and 17700. He said that the range is big since the movement in the markets are coming big now.

7) As for Bank Nifty, the support will be at 38550-38650 while resistance at 39400-39500.

8) The clear indication for the markets will be seen on Monday after the Jackson Hole Meeting.

9) The rupee ended 7 paise higher at 79.88 against the US dollar on Thursday. At the interbank foreign exchange market, rupee ended at 79.88 against the US dollar, as against 79.81 on the previous trading session.

See Zee Business Tweet Video Here:

#BazaarAajAurKal में देखिए आज के शेयर बाजार का लेखा-जोखा और कल के बाजार का अनुमान @rainaswati | @AnilSinghvi_ https://t.co/PTJFZiobEK

— Zee Business (@ZeeBusiness) August 25, 2022

10) DreamFolks Services IPO receives 6 times subscription on Day 2 of offer. Tomorrow is the last date.

11) Friday is also the last date for subscribing to Series II Sovereign Gold Bonds (SGBs).



[ad_2]

Source link

Related Posts

Air Duct Repair 101: Everything You Need To Know

By Corbin BowenFebruary 2, 2023

Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant

By January 5, 2023

LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer

By January 5, 2023

Foreign universities will need UGC’s nod to set up campuses in India

By January 5, 2023
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.