?? Key Insights Before the Markets Open: Essential Updates

?? GIFT Nifty: 24,646 (-0.07%)

?? Key Pointers to Know Before the Opening Bell:

The Indian market continued its winning streak for the third consecutive session on July 16, with benchmarks hitting fresh record highs.

?? FII/DII (Cash Market) - July 17th, 2024:

• FII: + ?1,271 crore ??
• DII: - ?529 crore ??

??? What Made Headlines Today?

?? Tata Power:

The company plans to invest Rs 20,000 crore in capital expenditure in fiscal 2025 to expedite its pivot to renewable energy and augment its transmission and distribution businesses, Chairman Natarajan Chandrasekaran said.

?? KEC International:

The company received new orders worth Rs 1,100 crore for transmission and distribution projects in India and overseas.

?? IREDA:

The company will invest Rs 290 crore through special-purpose vehicles in association with SJVN for a 900-megawatt hydropower project in Nepal.

?? One 97 Communication:

The company partnered with FlixBus to expand intercity bus services through its distribution network. Paytm will integrate FlixBus inventory on its platform.

?? Derivative Insights:

• NIFTY MAX CALL (CE) OI: 25,000
• NIFTY MAX PUT (PE) OI: 24,500
• NIFTY OI PCR (All): 1.23
• BANKNIFTY MAX CALL (CE) OI: 53,000
• BANKNIFTY MAX PUT (PE) OI: 52,400
• BANKNIFTY OI PCR (All): 0.68

??? Commodity Update:

• Gold and Silver: Prices were trading flat in the early trade on Thursday. Gold eases after hitting a fresh high.
• Oil Prices: Ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks.

?? Global Market Update:

• Asian Markets: Trading lower as chip-related stocks dropped following reports of more stringent export restrictions from the U.S. and as comments from former U.S. President Donald Trump raised geopolitical tensions.
• US Markets: The S&P 500 and the Nasdaq tumbled on Wednesday as plunging microchip shares, in the face of potential escalation of U.S. trade conflicts with China, exacerbated the ongoing rotation out of mega cap tech-related stocks.

?? Market Indicators:

• WTI Oil: $81.29 (+0.53%)
• DOW Futures: 41,329 (+0.32%)
• NIKKEI: 40,277 (-2.04%)
• Dollar Index: 103.79 (+0.10%)

Stay tuned for more updates and happy trading! ????