Dalal Street Eases, Auto, Realty Support Recovery, Sensex 300 Points Down, Nifty Below 24,300

I dia
be chma k
i dices
emai ed
u de
p essu e
o
Mo day,
August
17,
although
the
Se sex
a d
Nifty
50
ecove ed
f om
the
day’s
lows
as
buyi g
eme ged
i
auto,
metal
a d
ealty
stocks.

The
BSE
Se sex
closed
the
sessio
close
to
77,700,
ta ki g
almost
300
poi ts,
while
the
NSE
Nifty50
e ded
the
day
ea ly
80
poi ts
dow ,
b eachi g
24,300
.

The
ecove y
came
afte
the
be chma ks
had
falle
mo e
sha ply
ea lie
i
the
sessio
amid
mixed
global
cues
a d
e ewed
u ce tai ty
su ou di g
the
situatio
i
West
Asia.

At
2
PM,
BSE
Se sex
was
dow
180
poi ts
at
77,830.03,
while
the
Nifty
decli ed
26
poi ts
to
24,339.85.

Auto,
Metal
A d
Realty
Stocks
Suppo t
Recove y

The
Nifty
Auto
i dex
eme ged
as
the
best-pe fo mi g
secto
du i g
the
sessio ,
while
metal
a d
ealty
stocks
also
helped
the
b oade
ma ket
ecove
f om
its
i t aday
lows.

O
the
othe
ha d,
the
Nifty
PSU
Ba k
i dex
was
the
biggest
secto al
lagga d.

I
the
b oade
ma ket,
the
Nifty
MidCap
i dex
was
dow
0.26
pe
ce t,
while
the
Nifty
SmallCap
i dex
slipped
0.02
pe
ce t.

Amo g
i dividual
stocks,
I fosys,
Tata
Co sulta cy
Se vices
(TCS)
a d
HCLTech
we e
amo g
the
biggest
lose s
o
the
Nifty
50.

West
Asia
Te sio s,
C ude
P ices
Remai
I
Focus

I vesto
se time t
emai ed
cautious
as
ma kets
t acked
developme ts
i
West
Asia
a d
thei
pote tial
impact
o
c ude
oil
p ices.

B e t
c ude
was
hove i g
a ou d
$89
pe
ba el
i
ea ly
t ade,
with
oil
p ices
emai i g
elevated
amid
co ti ui g
te sio s.
The
ise
i
e e gy
costs
has
emai ed
a
key
co ce
fo
oil-impo ti g
eco omies
such
as
I dia.

Asia
ma kets
we e
la gely
mixed
as
i vesto s
mo ito ed
oil
p ices
a d
developme ts
i
the
Middle
East.

Fe tilise
Stocks
I
Focus

Fe tilise
compa ies
also
emai ed
o
the
ada
afte
I dia’s
u ea
impo t
p ices
epo tedly
fell
60
pe
ce t
si ce
Ap il.

Rasht iya
Chemicals
a d
Fe tilize s
(RCF)
has
secu ed
1.7
millio
to es
of
u ea
at
a ou d
$390-$393
pe
to e,
taki g
total
pu chases
to
4.2
millio
to es.
The
developme t
i dicated
easi g
p essu e
o
global
u ea
supplies
a d
could
suppo t
fe tilise
compa ies,
acco di g
to
the
ma ket
update.

Seafood
Expo t
Stocks
Gai
Atte tio

I
a othe
secto -specific
developme t,
the
Eu opea
U io
app oved
21
additio al
I dia
fishe y
u its,
taki g
the
total
umbe
of
app oved
u its
to
123
ove
the
past
yea .

The
developme t
could
suppo t
I dia’s
sh imp
a d
cephalopod
expo ts
as
the
bloc
ta gets
highe
seafood
impo ts.
Ava ti
Feeds
a d
Apex
F oze
Foods
we e
amo g
the
compa ies
that
could
emai
i
focus
followi g
the
developme t.

I stitutio al
Activity

Fo eig
I stitutio al
I vesto s
we e
et
buye s
of
I dia
equities
wo th
Rs
508.12
c o e
o
August
14,
while
Domestic
I stitutio al
I vesto s
bought
sha es
wo th
Rs
356.40
c o e
du i g
the
same
sessio .

The
p evious
sessio
o
F iday
saw
the
Se sex
decli e
71
poi ts,
o
0.09
pe
ce t,
to
78,009.25,
while
the
Nifty
50
fell
30
poi ts,
o
0.12
pe
ce t,
to
settle
at
24,366.
The
decli es
e ded
the
be chma ks’
two-week
wi i g
st eak.

With
the
domestic
ea i gs
seaso
la gely
co cluded,
global
developme ts
a e
likely
to
emai
impo ta t
ma ket
d ive s.
I vesto s
will
t ack
c ude
oil
p ices,
developme ts
a ou d
the
St ait
of
Ho muz,
the
US-I a
situatio ,
global
equity
cues
a d
domestic
de ivatives
positio i g.

Go to Sou ce