?? Morning Market Snapshot: August 20th, 2024

?? Today's Market Pulse GIFT Nifty: 24,632 (+0.10%)

?? Key Pointers Before the Opening Bell ?? Indian equity indices wrapped up flat on August 19 in a range-bound session. On the sectoral front, auto and bank indices lagged behind, while others ended higher.

?? Top Headlines to Watch ??

• Zomato: Antfin Singapore Holding to offload its stake for $408 million, as per Bloomberg.
• Olectra Greentech: Stake in MSRTC contract SPV dips to 1% from 34%.
• IndusInd Bank: Gets RBI’s green light to launch mutual fund business via a new subsidiary.
• Vedanta: Reduces its shareholding in Hindustan Zinc to 63.42% post offer for sale.

?? FII/DII Cash Market Update (Aug 19, 2024)

• FII: + ?2,667 crore ??
• DII: + ?1,802 crore ??

?? Derivative Insights

• NIFTY MAX CALL (CE) OI: 25,000
• NIFTY MAX PUT (PE) OI: 24,500
• NIFTY OI PCR (All): 0.99
• BANKNIFTY MAX CALL (CE) OI: 50,500
• BANKNIFTY MAX PUT (PE) OI: 50,000
• BANKNIFTY OI PCR (All): 0.76

?? Global Market Update

• US Equities: Advanced on Monday with gains led by optimism around the Democratic National Convention and the upcoming Jackson Hole Symposium.
• Asian Markets: On the rise, tracking Wall Street’s rally and buoyed by positive economic data from China.
• Oil Prices: WTI at $73.38 (-0.36%) as Israel agrees to a proposal that could ease supply disruption worries.
• Dollar Index: 101.9 (+0.03%)

?? Global Indicators

• DOW FUTURES: 40,844 (-0.13%)
• NIKKEI: 38,015 (+1.68%)

Stay tuned and trade smart! ???