@PRSundar64 Probably the Youngest fan of PR Sunder in history !!

Crude is up by 2%, US futures lower. Not a good sign for our markets on Monday. Trump rejects Iran proposal on Hormuz as Houthis target Riyadh moneycontrol.com/world/trump…

Since INFY keep falling everyday, it may be renamed as INFALL.

Today's record: Infosys fell for 8 straight days. Reliance hit fresh 52 week low. Nifty is down for 8 straight weeks, a record in Indian Stock Market History.

No post market report today due to some personal work.

Sometimes Broker's Back Office data shows wrong figures. If that becomes a reality, we will be very happy.

Reliance had Red candle in 10 out of last 11 trading sessions. ICICI Bank had Red candle in 12 out of last 13 trading sessions. Infosys is down for 6th straight day. All these are index heavy weight stocks.

New MG M9, delivered finally. Since I am in Dubai, my driver received the key, my relative is also with him.

Salt and Pepper Look.

As of 1.45 pm, Nifty is up about 40 points and 50 points contributed by HDFC Bank alone. If you exclude HDFC Bank, Nifty is down. #BearishMarkets

India's top 3 index heavyweight stocks, HDFC Bank, Reliance and ICICI Bank are down 30%, 20% and 10% respectively from their 52 week high.

Is this the reason for market recovery today? Can we expect any good news before next budget?

Somebody bought deep ITM VIX Puts for $6.3 Million. Means he expects VIX to go down after the Fed events. Usually VIX go down after the event, if the event is in line with expectation.

When you realise that there is MDR on GST and also GST on MDR 😭 If you buy something for 5k, GST is 900, You pay 5900 MDR 0.4% applied on 5900 & not 5k which is 23.6 Then, there is again GST of 18% on MDR which makes MDR charges 27.8 So effectively, MDR is 0.56% and not 0.4%

First time in last 2 months, FII selling is more than DII buying. (August 31 is excluded due to MSCI rejig)

A high-school student was asked to write a short essay on why he is grateful to God. He wrote: Dollar: ₹96 Petrol: ₹111/litre Milk: ₹100/litre Onions: ₹54/kg Sugar: ₹60/kg Dal: ₹125/kg Gold: ₹1.5 lakh/10g “Thank you, God, for ensuring that while everything else keeps going up, school pass marks are still only 35!” 😄

10 Years before, US interest rate 2%, Rupee Dollar Hedging cost 4%, so cost of money for FIIs is 6%, Indian markets used to give about 12%, so it was lucrative for FIIs to invest in India. Now, US interest is 5%, Hedging 4%, so cost is 9%. On top of which FIIs have to pay 12.5% Capital Gains Tax, so it is not worth taking risk just to get 1 to 2% returns in dollar terms.

Today, 1. About 20% of the Nifty 50 stocks near 52 week low. 2. About 50% of Nifty 50 stocks fell more than 2%. 3. Next 50, Mid Cap, Small Cap & Micro Cap all fell > 2%.

Markets topped out with big Green candle on August 3. Will markets bottom out with today's big Red candle?