Trades

• Apple (AAPL) stock is trading flat at $308.84, experiencing a slight decline of 0.53% during the current session. • Technical analysis indicates that the stock has found a critical support level at $302.29, preventing a deeper price drop. • Investors are closely monitoring the stock's price action alongside emerging news regarding iPhone pricing strategies in India.

• On August 21, the Indian stock market showed resilience as the Sensex rose 100 points following a flat opening, while the Nifty traded around 24,260. • Power Grid Corp and Kotak Mahindra Bank emerged as the top gainers, contributing to a broader Asian trend where India led gains at 0.82%, followed by Hong Kong and Singapore. • Technical indicators show an RSI near 79, signaling elevated buying activity, with critical support levels identified between $0.115 and $0.118.

• Tesla (TSLA) shares are trading flat at $338.4, reflecting a slight decrease of 0.3% in the most recent session. • Technical analysis highlights a critical support level at $329.42, which will be a key focal point for investors monitoring the stock's price action. • The company has reached a resolution regarding a labor strike in Sweden, removing a significant operational hurdle in the Nordic region.

• The Indian Rupee opened flat against the US Dollar at approximately 95.40 on Friday, coinciding with a correction in global oil prices. • Separately, Reddit shares surged 11% in extended trading on Thursday following confirmation of its inclusion in the S&P 500 index. • This milestone makes Reddit only the second pure-play social media stock to join the benchmark index, despite ongoing concerns regarding Google AI's impact on traffic.

• The Nifty index traded below the 24,350 mark with moderate losses in morning trade, though media shares saw a rally. • Market sentiment remains subdued as investors monitor crude oil prices, gold, global geopolitical developments, and the progress of the monsoon. • Trading activity is currently influenced by the upcoming weekly expiry of BSE derivatives contracts and ongoing Q1 FY27 earnings announcements.

• Major Asia-Pacific stock indexes traded mostly higher on Thursday following the release of U.S. inflation data showing a lower annual rate in July compared to June. • Japan's Nikkei 225 led the gains, rising by 1.21% (approximately 81 points) as investors reacted positively to the cooling U.S. prices. • The trend matters because lower U.S. inflation increases the likelihood of the Federal Reserve cutting interest rates, which typically boosts global equity markets.

• Stock market volatility in South Korea has begun to ease as investors unwind leveraged trading positions. • The stabilization follows a period of heightened fluctuations driven by high-leverage bets on market movements. • This shift is significant as it indicates a reduction in speculative pressure, potentially leading to more sustainable price action for Korean equities.