?? Key Pointers to Know Before the Opening Bell: ??

Indian Markets Recap:

• After reaching new record highs, Indian markets gave up most of their morning gains on August 1 and ended the day with a modest increase.

?? July 1st 2024 FII/DII (Cash Market):

• FII: + ?2,089 crore ??
• DII: - ?337 crore ??

?? What Made Headlines Today? ??

?? Nestle India:

• Subscribed to a 49% stake in Dr. Reddy's JV for ?706 crore.
• Sold its existing medical nutrition and nutraceuticals business to the JV company for ?219 crore.

?? Dr. Reddy's Laboratories:

• Invested ?734 crore in a joint venture with Nestle India to undertake its nutraceutical business in India and Nepal.

?? Godrej Agrovet:

• To acquire the remaining 49% stake in Godrej Tyson Foods for ?323 crore.
• Setting up a new feed plant in Maharashtra with an initial investment of up to ?110 crore.

??? Eicher Motors:

• VE Commercial Vehicle sales up 13% YoY at 6,622 units.
• Motorcycle sales down 8% YoY at 67,265 units.
• International motorcycle sales down 14% YoY at 6,057 units for July.

?? Derivative Insights:

NIFTY:

• Max Call (CE) OI: 25,000
• Max Put (PE) OI: 25,000
• OI PCR (All): 1.11

BANKNIFTY:

• Max Call (CE) OI: 52,000
• Max Put (PE) OI: 51,500
• OI PCR (All): 0.67

?? Global Market Update:

?? Oil Prices:

• Rose on Friday but set for a fourth weekly decline as signs of disappointing global fuel demand growth outweighed fears of supply disruptions in the key Middle East production region.

?? Asian Markets:

• Japan’s Nikkei 225 fell 5% and South Korea's Kospi Index fell 3% on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight.

???? US Equities:

• Kicked off August sharply lower after a round of economic data on Thursday spurred concerns the economy may be slowing faster than anticipated while the Federal Reserve maintains a restrictive monetary policy.

?? Global Indicators:

• WTI Oil: 76.72 (+0.53%) ???
• Dow Futures: 40,087 (-0.65%) ??
• Nikkei: 36,261 (-5.14%) ??
• Dollar Index: 104.4 (+0.06%) ??

Stay informed and stay ahead! ??????