Closing Index

 30 Aug 

BSE CLOSED @ 56889.76 ✅ 765.04 Points 

NSE CLOSED @ 16931.05 ✅ 225.85 Points 

BankNifty Closed 36347.65 ✅ 719.85. Points 

India VIX Closed 13.3175 ❌ 0.0875 Points.

News For The Week

Monday, August 30

Board Meeting: The board of Jindal Steel & Power is scheduled to meet on Monday to consider raising funds including by way of issuance of non-convertible, senior, unsecured, notes denominated in foreign currency.

Euro Area Economic Sentiment: Economic sentiment may remain upbeat in the Euro Area in August. In July the economic sentiment indicator rose to an all-time high on reopening of the economy. Industrial and services sentiment data will also be released.

US Manufacturing, Pending Home Sales: The Federal Reserve Bank of Dallas' business activity index may indicate healthy momentum in manufacturing in August but the pace of expansion may slow compared to July. The July pending home sales data will also be released.

Tuesday, August 31 

India GDP, Infrastructure Output: Thanks to low base India's GDP is likely to expand at a record pace in April-June 2021 quarter (Q1FY22). Infrastructure output is likely to expand in July, though at a slower pace compared to June. The July fiscal deficit data will also be released.

Board Meeting: The board of SRF is scheduled to meet on Tuesday to consider the issuance of bonus shares subject to approval by the shareholders of the company.

China Manufacturing PMI: Factory activity in China, as captured by the NBS Manufacturing PMI, may stabilise in August after slowing in July due to COVID-19 outbreak.

Japan Consumer Confidence: Consumer morale in Japan may moderate slightly in August after rising to the highest level in more than year in July.

Euro Area Inflation: Core inflation is expected to pick-up pace in August. Annual core inflation eased in July and June.

US Home Prices: House prices may continue to rise in the US in June. The S&P CoreLogic Case-Shiller 20-city home price index rose to a record high in May on sustained demand for suburban homes.

 Wednesday, September 1 

Automobile Sales: Automobile dispatches and retail sales may remain elevated in August though supply chain constraints are feared to be weighing on production. Car sales rose at a brisk pace in July, helped by pent-up demand and favourable base.

IPOs: The public issues of Vijaya Diagnostic Centre and specialty chemicals firm Ami Organics will open for subscription.

India Manufacturing PMI: Manufacturing activity is expected to grow at a healthy pace in August. The IHS Markit Manufacturing PMI rose to 55.3 in July.

Australia, Turkey, Brazil GDP: Economic growth in all three countries is projected to pick up pace in April-June 2021 quarter, thanks to a favourable base and reopening of the businesses.

Euro Area Unemployment: Unemployment rate in the Euro area is expected to reduce further in July. In June the unemployment rate dropped to lowest level in more than a year.

US Crude Oil Inventories: The crude oil inventory data for the week ending 27 August will be released. As demand rose crude oil inventories dropped for a third straight week in the period ending 20 August).

 Thursday, September 2 

India Exports-Imports, Balance of Trade: Exports are projected to rise slightly in August while imports may ease a bit. Consequently, sequential trade deficit is estimated to moderate in August.

US Jobless Claims, Factory Orders: The number of Americans filing new claims for unemployment benefits may reduce slightly in the week ending 28 August. Jobless claims edged up in the earlier week. Factory orders data will also be released.

 Friday, September 3 

India Services PMI: Activity in the services sector may improve sequentially but may remain in the contraction zone. The services PMI clocked a reading of less than 50 for third straight month in July. Foreign exchange reserves data will also be released.

China Services PMI: Services sector may continue to expand in August. The Caixin China General Services PMI rose in July from 14 month low.