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​On the Futures Short Position scan on July 31, 6 Nifty50 counters saw aggressive short covering. In such a scenario, the stock’s cumulative open interest decreases, whereas the price, average traded, and delivered quantity of 5 days increase.​

Reliance Industries and Brookfield Asset Management have signed an initial agreement to develop renewable energy and decarbonisation equipment within Australia. The partnership aims to drive down the cost of manufacturing clean energy equipment in Australia including PV modules, long-duration battery storage and wind energy components.

It’s worth noting that the price-to-book valuation discount of the midcap and smallcap Indices compared to largecap indices, have significantly narrowed, he said.

The yield gap is a sign of how far the market is underpriced or overpriced. A negative yield gap indicates markets are overheating and maybe overvalued if you go purely by the quants.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

Since it is the beginning of the new series, Options data is scattered at various far strikes in the monthly series. On the weekly front, the maximum Call OI is placed at 19800 and then towards 20000 strikes.

From the Sensex pack, NTPC, Tech Mahindra, Tata Motors, Bharti Airtel, and UltraTech Cement opened with gains, while Power Grid, Maruti, Bajaj Finserv, Sun Pharma, HUL and HCL Tech opened with cuts.

The tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet, Meta Platforms as well as chipmakers Intel and Lam Research posted strong quarterly earnings.

In aggregate terms, bank loans advanced 16.3% in June. Retail loans climbed more than a fifth on year, supported mainly by home and vehicle loans, the latest central bank data showed. Bank loans to non-bank lenders climbed, and so did the disbursements to large companies.

Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said.