Stock Recommendations: Thank you for taking the time to read our exclusive Morning Note and we hope you are thriving in your investment journey. We value your trust and partnership, and we are excited to share our latest investment recommendations with you.
For those interested in Stock Futures, we strongly recommend the following opportunities:
Long Build – GRANULES, IEX, INDIAMART, DIVISLAB
Short Build – ABFRL, FEDERALBNK, GMRINFRA, SBIN
We understand that making investment decisions can sometimes be overwhelming. However, we want to assure you that our team of experts at Ananya is here to guide you through the process. We have thoroughly analyzed these opportunities and are confident in their potential.
Now, let’s delve into key developments in global and Indian markets,
Asian markets are trading lower as investors assess Nvidia’s results, with concerns about potential spillover effects on tech stocks in the region, which includes companies within Nvidia’s value chain. The Nikkei is down by 0.35%, the Hang Seng is lower by 0.87%, and the Shanghai Composite is down by 0.71%.
Indian indices are expected to open on a negative note, with GIFT Nifty trading at 25,010 compared to yesterday’s Nifty Futures close at 25,048.
US markets closed on a mixed note, with some weakness reflecting investor anxiety ahead of Nvidia’s fiscal Q2 results. The Dow Jones declined by 159 points or 0.39% to close at 41,091, while the NASDAQ rose by 198 points or 1.12% to close at 17,556.
Nifty opened on a flat note and witnessed buying momentum during the first part of the session. However, we observed profit booking in the last hour of trade, erasing earlier gains to close with marginal gains. It closed at 25052 on 28th August, marking a gain of 35 points.Nifty Futures closed at 25048 yesterday on a positive note, with a price gain of 0.12% and a 5.27% increase in the open interest, indicating a long build-up.It closed at a discount of 4 points compared to its previous day’s premium of 0.5 points.
To access all promising investment ideas, including Weekend AI Stocks, Investment Picks, and Trading Insights, we highly recommend referring to the full Morning Note. In this report, you will also find a detailed market commentary and important news that can further support your investment decisions.
Once again, we express our gratitude for your continued trust and partnership with Axis Securities. We are dedicated to supporting you on your investment journey and assisting you in making the most informed and beneficial investment decisions.
