📈 DAILY MARKET UPDATE
📅 Date – 1 September 2026
1️⃣ VERY IMPORTANT NEWS
• 🇮🇳 India GDP Growth: Q1 FY27 Real GDP growth came at 7.8% YoY, above market expectation of ~7.1%; GVA growth at 8.2%.
• 🏦 Bank Credit Growth: Bank credit growth accelerated to 19.3% in July; industrial credit +20%, personal loans +16.2% and NBFC lending +35%.
• 🌧 Weak Monsoon Risk: IMD expects September rainfall at below 91% of LPA; June–August rainfall deficit ~13.8% and August deficit ~16.3%.
🌍 GLOBAL MARKET
✔️ US Markets:
• Dow -0.70%, Nasdaq -0.12%, S&P 500 -0.33%.
• Higher crude and US-Iran tensions kept markets under pressure.
✔️ Asia Market Update:
• Nikkei nearly flat; Topix +0.57%.
• Kospi & Kosdaq down >1%.
• ASX 200 -0.5%.
✔️ Gift Nifty Signal:
• Around 24,170, indicating roughly 60–70 point gap-down opening.
✔️ Crude Oil:
• Brent around $90.7/barrel.
• WTI around $86.5/barrel.
• US-Iran tensions remain the key risk.
🇮🇳 INDIAN MARKET OVERVIEW
✔️ Sector Trend:
• 🟢 Positive: Banks, Capital Goods, Infrastructure, Manufacturing.
• 🟡 IT: Mild positive ADR arbitrage signal.
• 🔴 Risk: FMCG, 2-Wheelers & Rural Consumption due to weak monsoon.
• 💊 Pharma in focus after US drug-pricing agreements.
✔️ Market Sentiment / Trend:
• Cautious & volatile. Strong domestic GDP/credit data vs negative global cues and crude above $90.
✔️ Volatility (India VIX):
• 11.19, up 4.8%.
💰 FII & DII DATA
✔️ FIIs:
• Net sold approximately ₹7,985 Cr in cash market.
• August total FII outflow: ₹34,107 Cr.
• FII long-short ratio: 9.3%, showing continued bearish positioning.
✔️ DIIs:
• Net bought approximately ₹4,600 Cr.
📊 COMMODITIES UPDATE
✔️ Crude:
• Brent: $90.7 | WTI: $86.5
📊 OPTIONS DATA (OI BUILD-UP)
✔️ Call OI:
• Maximum Call OI: 24,500, followed by 24,300.
• Fresh Call writing: 24,300, followed by 24,500.
✔️ Put OI:
• Maximum Put OI: 24,000, followed by 24,300.
• Maximum Put writing: 24,000, followed by 24,500.
✔️ PCR:
• Nifty PCR increased to 0.91 from 0.89.
• Another participant-data reading showed PCR at 0.92.
📌 Options range: 24,000–24,500
📈 NIFTY LEVELS
✔️ Trend:
• Bearish / Cautious
• Immediate Support: 24,000
• Major Support: 23,800–23,900
• Immediate Resistance: 24,200–24,300
• Strong Resistance: 24,300–24,350
📌 Below 24,000 → 23,900 / 23,800 possible
📌 Above 24,300 → bullish momentum can improve
📉 BANK NIFTY LEVELS
✔️ Trend:
• Relatively stronger than Nifty / Mildly bullish
• Immediate Support: 57,500
• Major Support: 57,000
• Immediate Resistance: 58,200–58,300
• Strong Resistance: 58,500
📌 Bank Nifty closed around 58,200 and moved back above short-term moving averages.
📊 STOCKS / SECTORS IN NEWS
• ITC / Happiest Minds: ITC Infotech to acquire ~22.1% of Happiest Minds and subsequently merge through share-swap arrangement.
• PVR INOX: First-ever buyback approved — up to 20.69 lakh shares at ₹1,450, worth up to ₹300 Cr. Record date: 4 September.
• TVS Motor / Titan / Kalyan Jewellers: Positive brokerage views; TVS Motor target ₹4,594, Titan ₹5,550, Kalyan Jewellers ₹770.
📊 STOCK SETUPS TO WATCH
• 🏦 Banking: Strong GDP + 19.3% credit growth supportive, but watch deposit growth/margins.
• 💻 IT: Positive ADR indication after negative Indian-market performance.
• 💎 Titan / Kalyan Jewellers: HSBC Buy ratings and positive targets.
• 🎬 PVR INOX: Buyback at ₹1,450 vs previous close around ₹1,226 → premium headline.
🎯 EXPECTED TRADING RANGE TODAY
✔️ Nifty Range: 24,000 – 24,500
✔️ Bank Nifty Range: 57,500 – 58,500
📅 IMPORTANT DATA / EVENTS TODAY
• 🇮🇳 10:30 AM – India Manufacturing PMI
• 🇪🇺 2:30 PM – Europe Consumer Inflation
• 🇺🇸 US August PMI + July Job Openings + Atlanta GDP Growth
• 🇨🇳 Chinese Manufacturing PMI also due early morning.
🎯 INTRADAY TRADING VIEW
👉 Cautious / Volatile Session Expected
Nifty:
🔴 Below 24,000 → weakness towards 23,900–23,800
🟢 Above 24,300 → recovery/bullish momentum towards higher levels
🟡 Between 24,000–24,300 → range-bound & volatile trade likely.
Bank Nifty:
🟢 Above 58,300 → bullish confirmation
🔴 Below 57,500 → weakness
🟡 57,500–58,300 → range zone.
📌 QUICK SUMMARY