The market is expected to be opened in a heart -heart because the SGX Nifty trend shows a flat opening for a broader index in India with a profit of 17 points.

BSE Sensex collected 712 points or 1.25 percent to 57,570, while NIFTY50 rose 229 points or 1.35 percent to 17,158 and formed bullish candles on daily graphs.

According to the pivot graph, the main level of support for nifty is placed at 17,060, followed by 16,962. If the index moves upwards, the level of key resistance that must be considered is 17,215 and 17,271.

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US shares were added to the new general meeting on Friday after the estimated opbeat from Apple and Amazon.com, and S&P 500 and Nasdaq posted their largest monthly percentage acquisition since 2020. Most S&P 500 sectors ended higher, with energy increased 4 , 5 percent, the most of the most from the S&P sector. Chevron Corp rose 8.9 percent and Exxon Mobil shares jumped 4.6 percent after the company reported quarterly revenue records.

Dow Jones Industrial Average rose 315.5 points, or 0.97 percent, to 32,845.13; S&P 500 received 57.86 points, or 1.42 percent, to 4,130.29 and Nasdaq Composite added 228.10 points, or 1.88 percent, to 12,390.69.

Asian Market

The Asian stock market began slowly on Monday because the disappointing Chinese economic data doubted the rally last week on Wall Street can be maintained in the face of policy tightening determined by the Global Central Bank.

Nikkei Japan bit both of the flat sides, while South Korea dropped 0.1 percent. S&P 500 Futures slipped 0.4 percent and Nasdaq was 0.3 percent.

Sgx nifty

The trend in SGX Nifty shows a flat opening for a broader index in India with a profit of 17 points. Nifty Futures traded around 17,249 levels at Singapore’s exchange.

The Chinese factory activity contract was unexpected in July when Covid was on

Chinese factory activities were unexpectedly contracted in July after rising back from the locking Covid-19 months before, when the fresh virus brought up and the dark global view burdened demand, a survey showed on Sunday.

The Official Manufacturing Purchase Manager Index (PMI) fell to 49.0 in July from 50.2 in June, the National Statistics Bureau (NBS) said, under the 50 points that separated the contraction from growth and lowest in three months.

Oil prices slip before OPEC+ meeting

Oil prices fell earlier on Monday when investors prepare for this week’s official meeting from OPEC and other top producers regarding supply adjustments.

Brent Crude Futures fell 63 cents, or 0.6 percent, to $ 103.34 per barrel at midnight on Monday. The US West Texas intermediary is at $ 97.87 per barrel, down 75 cents, or 0.7 percent, after reaching the lowest level of the $ 97.55 session when trading begins in Asia.

Euro zone economy grows faster than expected

The consumer price driven by the soaring energy costs continues to take victims in Europe, causing growth in the traditional engine, Germany, traffic jams even when other large economies grow faster than expected, new data released Friday shows.

France, Italy and Spain – All countries with a strong tourism sector – look at economic growth for three months from April to June which beat the expectations of analysts. The French economy developed 0.5 percent from the first quarter, while Italy grew 1 percent and Spain extended by 1.1 percent.

The Chinese factory activity contract was unexpected in July when Covid was on

Chinese factory activities were unexpectedly contracted in July after rising back from the locking Covid-19 months before, when the fresh virus brought up and the dark global view burdened demand, a survey showed on Sunday.

The Official Manufacturing Purchase Manager Index (PMI) fell to 49.0 in July from 50.2 in June, the National Statistics Bureau (NBS) said, under the 50 points that separated the contraction from growth and lowest in three months.

FPIS returned to Indian equity with an investment of RS 5,000-CR in July

After nine consecutive months -incessant sales, foreign investors have changed clean buyers and invested almost 5,000 crore hospitals in Indian equity in July by softening the dollar index and good company revenue. This is in contrast to the net withdrawal of RS 50.145 Crore from the stock market seen in June. This is the highest clean outflow since March 2020, when a foreign portfolio investor (FPI) has issued 61,973 crore hospitals from equity, data with depositors shows.

According to data with depositors, FPI instills a net amount of 4,989 crores in Indian equity in July. They are buyers for nine days a month. The net entry also encourages the equity market to the north.

Results on August 1

ITC, UPL, Zomato, Arvind, Bajaj Consumer Maintenance, Barbecue-Nation Hospitality, Universal Carborundum, Castrol India, Kubota Escorts, India Indiansi India, Indo Count Industries, Kansai Nerolac Paints, Max Financial Services, Prudent Corporate Advisory Services, Paintsai & Sind Sinds, Max Financial Services that Prudent Corporate Advisory, Punjab & Sind Sinds, Pisind Sinds, Max Financial Financial Banks, Ramco Semen, Rategain Travel Technology, Thyrocare Technology, Turbin Triveni, and Varun Beverages will be the focus ahead of the June quarter income on August 1.

FII and DII data

Investors of Foreign Institution (FII) have shares purchased clean worth 1,046.32 Crore RS, while shares are sold Net Investor Domestic Institution (DIIS) worth RS 0.91 Crore on July 29, according to temporary data available in NSE.