The market is likely to remain range-bound with a negative bias until there is positive news from US–Iran negotiations. Below are some short-term trading ideas to consider.
Stocks to Watch, 27 March: Stocks like Infosys, Polyplex Corporation, HFCL, Rain Industries, Azad Engineering, Le Travenues Technology, Sula Vineyards, Aurobindo Pharma, Global Health, Capri Global Capital, Bharat Dynamics, Sandhar Technologies, Brigade Enterprises, and Happiest Minds Technologies will be in focus on March 27.
Turtlemint Fintech Solutions has earmarked Rs 193.04 crore for strengthening its technology and product development teams and Rs 25.64 crore for cloud and server infrastructure, according to updated draft documents.
Nifty needs to decisively surpass and sustain above 23,850 to negate the lower high–lower low formation for a bullish confirmation. Until then, consolidation and range-bound trading may continue, with immediate support placed in the 23,000–22,900 zone.
Brent futures were up $5.26, or 5.2%, to $107.48 a barrel at 10:57 am EDT (1457 GMT), close to the session high of $107.84.
Bullion fell as much as 2.1% to dip below $4,420 an ounce before paring some losses
Rays of Belief IPO| The pre-IPO placement was approved by the Board on March 18, and the shareholders on March 19.
The issue garnered bids for 2.77 crore shares against 1.89 crore shares on offer on Wednesday.
Reliance Industries Limited categorically rejects recent media reports that the company has purchased crude oil of Iranian origin.
Oil prices rose to around USD 105 per barrel after Iran denied any talks with the US.
Markets decline as the contradictory messages from the US and Iran over ceasefire talks have kept investors on edge.
“We are not looking to enter completely new or unrelated segments..the strategy is to build on our existing capabilities — manufacturing, regulatory, and commercial,” Aditya Kumar said.
Investors are buying copper due to strong returns and growth. However, India lacks proper systems, benchmarks, and regulation, making a copper ETF difficult but necessary
Oil can certainly spike on supply fears, but unless there is a prolonged and meaningful disruption to physical supplies, prices may not sustain at levels that derail global growth, Gaurav Didwania of Qode Advisors said.
If the Nifty 50 consolidates, Milan Vaishnav expects the 23,000 level to stay defended.
Bharat Pet IPO | The company approached capital markets to raise Rs 120 crore by issuing fresh shares, while promoters will be selling shares worth Rs 640 crore.
MIIs will be required to compute the index on a half-yearly basis, within 60 days from the end of each half-year
Highness Microelectronics IPO | The initial public offering is a mix of fresh issue of 16.53 lakh shares worth Rs 19.84 crore, and an offer-for-sale of 1.52 lakh shares amounting to Rs 1.82 crore by promoters.
The options are the social media giant's first for its top brass and require steep stock milestones
Sammaan Capital was the biggest gainer amongst F&O stocks, rising 6 percent to Rs 146.88 on the National Stock Exchange.
Energy-importing economies, including India, may need to secure fuel supplies at any cost in the near term as the current shock is driven by supply risks, not just rising prices, Sajjid Chinoy of JPMorgan said.
For the year so far, FII/FPIs have net sold worth Rs 1.47 lakh crore of Indian equities while DIIs have net bought Rs 2.11 lakh crore.
Tipco Engineering IPO | The company tapped capital markets to raise Rs 60.55 crore via public issue of 68.03 lakh shares at the upper end of price band of Rs 84-89 per share.
Growing interest in Exail's submarine drones has pushed the company’s shares up more than 700% since mid-2024
Analysts said the near-term trend may remain positive as long as the index holds above 23,000.