Market snaps 4-day winning streak .Nifty tests 22,300 but recovers from day’s low Broader markets underperform; smallcaps down over a percent .Market breadth in favour of losers .Nifty Bank stages smart rebound from day’s low . Catch Nandita Khemka as she discusses stocks on her radar including Tata Motors & HDFC Life
Nifty notched a record close for a third straight session. Technically, the overall sentiment remains in favour of bulls with the possibility of consolidation in the coming sessions. Experts say the Nifty 50 may face hurdle at 22,500 on the higher side, followed by 22,600 level, with support at 22,200 level. On March 4, the benchmark indices continued an uptrend for the fourth consecutive session and ended at a record closing high with the BSE Sensex rising 66 points to 73,872, while the Nifty 50 climbed 27 points to 22,406 amid consolidation. This morning global cues are a bit subdued with negative cues from both Asian markets and US indices. Tata Motors will be in focus as the automaker will split its passenger vehicles and commercial vehicles business into 2 separate listed entities. Also in focus will be IIFL Finance as RBI bans the firm from giving gold loans with immediate effect. What’s the view on IT sector post CLSA downgrade? Catch Nandita Khemka decode the cues and investment strategy at record highs with Feroze Azeez, Deputy CEO, Anand Rathi Wealth and Sacchitanand Uttekar, VP-Research (Derivatives And Technicals), TradeBulls Securities.
- Market turns rangebound after hitting new highs - Nifty around 22,400; Sensex stays around 73,900 - Broader markets mixed; smallcaps in the red - Market breadth in favour of losers. Banks among sectoral gainers. Catch Nandita Khemka and Santosh Nair as they discuss stocks on their radar including Insurance stocks.
R K SWAMY IPO opens for subscription on March 4, 2024 and closes on March 6, 2024. IPO is a book built issue of Rs 423.56 crore. R K SWAMY IPO price band is set at Rs 270 to Rs 288 per share The issue is a combination of fresh issue of 0.6 crore shares aggregating to Rs 173.00 crore and offer for sale of 0.87 crore aggregating to Rs 250.56 crore. Watch Nickey Mirchandani in conversation with Mr. Narasimhan Krishnaswamy, Group CEO and Whole time Director & Mr. Rajeev Newar ,Group CFO live on IPO Watch to know more
Saturday Trading Session: Nifty hits new high as it breezes past 22,400. Broader markets were seen in fine fettle, both mid & smallcaps gain. Nifty gainers: Tata Steel, Adani Ports, Hero Moto, Tata Motors, and Dr Reddy's. Saturday special trading session, is Nifty poised to make a new high? The special trading session is being held to evaluate the readiness of Market Infrastructure Institutions (MIIs) in handling unforeseen events such as system outages affecting their operations. As per the schedule, the market will remain open for couple of hours for trading with 75-minute break in between. The session will be divided into two phases for the transition from the primary site to disaster recovery site. Watch the special trading session with Nandita Khemka and Kranthi Bathini Equity strategist at WealthMills securities pvt ltd.
Saturday special trading session, is Nifty poised to make a new high? The special trading session is being held to evaluate the readiness of Market Infrastructure Institutions (MIIs) in handling unforeseen events such as system outages affecting their operations. As per the schedule, the market will remain open for couple of hours for trading with 75-minute break in between. The session will be divided into two phases for the transition from the primary site to disaster recovery site. The first session will start at the regular time with eight minutes of pre-open session i.e. 9:00 to 9:08 am, followed by regular trading for 45 minutes between 9:15 am and 10:00 am. Watch the special trading session with Nandita Khemka and Stacy Pereira.
Blowout Q3 GDP data sparks a sharp rally this Friday. Nifty hits new life high of 22,312 in intra-day trade. Mid & smallcaps buoyant but underperforming benchmarks. Breadth strong; NSE advance-decline ratio at 2:1. Catch Nandita Khemka as she discusses stocks on her radar including metals, banks, Hindalco among others
Indian equity market is expected to open higher on the back of blowout GDP data for the third quarter. However, analysts believe market will remain rangebound as long as it trades below 22,200 as closing decisively above the same can raise some hope for another leg of northward journey in the Nifty 50 in coming sessions. On the lower side, the 21,950 level (which coincides with 21-day EMA -exponential moving average) is expected to act as an immediate support for the index, followed by 21,850 which coincides with upward sloping support trendline, they added. The index defended both these supports on closing basis, which is a positive sign. On February 29, the benchmark indices remained volatile and gained strength in late trade. The BSE Sensex climbed 195 points to 72,500, while the Nifty 50 was down 32 points to close at 21,983 on the expiry day for February futures & options contracts. This morning global cues are positive and the GIFT Nifty is signalling a higher start for the Indian market. Watch out for auto stocks as February sales figures are due today. Catch Nandita Khemka as she decodes the GDP fineprint with Mayank Jha, Senior Economist, HDFC Bank and takes stock of the market cues with Gaurang Shah, Senior Vice President, Geojit Financial Services and Raja Venkatraman, Co-Founder NeoTrader.
Nifty reclaims 22,000 amid fag-end buying. Market breadth tilted in favour of losers Nifty Bank rebounds from day’s low; ends with marginal gains .FMCG, Metals, PSU banks see buying interest .Media & IT among top sectoral losers. Catch Nandita Khemka as she discusses stocks on her radar including Hospital Stocks.
The Indian equity market fell sharply ahead of expiry of the February derivative contracts, but the higher highs, higher lows formation is intact on the daily charts. Hence, present weakness could be in line with new higher bottom of the pattern, experts said, adding the index may take support at 21,800-21,700 levels in the coming sessions, with hurdle on the higher side at 21,200-22,200 levels. On February 28, the BSE Sensex dropped 790 points or 1.08 percent to 72,306, while the Nifty 50 was down 247 points or 1.1 percent at 21,951. The volatility jumped over 16 mark, which increased the pressure on bulls. The India VIX jumped 3.83 percent to 16.33, from 15.73 levels. The mid and smallcap indices took a sharp knock after SEBI asks Mutual Funds to moderate inflows into small and midcap schemes to protect investors from market froth. Would that lead to forced selling? Kunal Valia of Statlane explains the possible impact of SEBI advisory. Also catch Nandita Khemka decode the market cues with Chandan Taparia ,Senior Vice President, Head - Derivatives & Technical Research , Motilal Oswal and Dhiraj Agarwal, MD, Ambit Investment Managers
Nifty skids below 22,000 as index clocks triple-digit loss ahead expiry. Mid & smallcaps see deeper cuts; shed over 1.5% each. India VIX rises nearly 3%; NSE advance-decline ratio is at almost 1:6 .All sectors trading with losses; realty, PSU banks & autos worst hit. Catch Nandita Khemka as she discusses market trends with Nirav R Karkera, Head of Research at Fisdom and Nilesh Jain, Head AVP- Derivative and Technical Research, Centrum Broking Ltd
First time in current rally that market breadth is poor Most midcaps have started to show fatigue signs of late.Market showing some signs of distribution in midcaps. Asia markets mixed; Muted start on D-street? Catch Nandita Khemka and Nickey Mirchandani as they decode the market cues with Ruchit Jain, Lead Research Analyst, 5Paisa, Deven Choksey, DRChoksey FinServ and Sandip Agarwal, Fund Manager, Sowilo Investment Managers.
The initial public offering of Bharat Highways Infrastructure Investment Trust (InvIT) shall open for subscription on Wednesday, February 28 and the issue can be subscribed till Friday, March 1. The price band for the issue has been fixed at Rs 98-100 apiece with a lot size of 150 units and its multiples thereafter. Catch Nickey Mirchandani in conversation with Amit Kumar Singh, CEO, Bharat Highways Infrastructure Investment Trust live on IPO Watch to know more.
The domestic equity market is expected to see a muted opening on Monday following mixed global market cues. Stocks to watch out for include banking names like likes of Cello World, CMS Infosystems, Andhra Cements, One97 Communications, TCS amongst others. Catch @onlynickey in conversation with Ajit Mishra--SVP, Technical Research, Religare Broking and Dhiraj Reli--MD & CEO, HDFC Securities
The domestic equity market is expected to see a muted opening on Monday following mixed global market cues. Stocks to watch out for include banking names like Paytm, Canara Bank, Asian Paints, Kolte-Patil Developers and Kotak Mahindra Bank: amongst others Catch Nickey Mirchandani in conversation with Prashant Sawant-Founder Catalyst Wealth and ASUTOSH MISHRA, HEAD - RESEARCH, INSTL Equity at Ashika Stock Broking #stockmarkets #openingbell #nifty50 #DowJones #Stoc
The domestic equity indices are likely to open higher on Friday, extending previous session’s rally, led by positive global market cues. Stocks to watch out for include banking names like HDFC Bank, Yes Bank and State Bank of India on back of Goldman Sachs reports. Meanwhile, stocks like Vodafone Idea, Ultratech Cement, Grasim Industries and Angel One amongst others. Catch Nickey Mirchandani in conversation with Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher and Sushant Bhansali, CEO Ambit Asset Management
Late rebound lifts Nifty; Index reclaims 22,200. Mid & smallcap indices outperform benchmarks. Market breadth in favour of gainers; India VIX cools. IT snaps string of losses; top sectoral gainer today. Catch Yatin Mota and Nandita Khemka as they discuss stocks on their radar including OMCs and Graphite India
After snapping its 6-day winning streak, Indian equites are poised for a positive start after taking a breather. Gift Nifty is indicating an upmove with a gains of 83.50 points or 0.38%. As far a global cues, markets will keep to its momentum after Japan's Nikkei advanced towards record highs. While tech stocks led by Nvidia gave solace to futures on wall street. IN more positive boost, Global brokerage Jefferies said India will be the third largest economy by 2027 thanks to consistent GDP growth rate, supportive geopolitics. Among stocks in focus will be Grasim on launching its paints business, Eureka Forbes on reports of a block deal and wipro which has managed to finally bag a large deal. Stacy Pereira will be discussing all this with Chandan Taparia ,Senior Vice President, Head - Derivatives & Technical Research , Motilal Oswal and Gaurang Shah, Senior Vice President, Geojit Financial Services on this edition of Opening Bell
Late selling drags market; Nifty tests 22,000. Nifty retreats after hitting fresh high of 22,250 . Mid & smallcaps slip over a percent. NSE advance-decline ratio at nearly 1:2. Media pack weighed down by over 10% fall in Zee. Bank Nifty erases gains; IT continues to sulk. Catch Nandita Khemka and Yatin Mota as they discuss about stocks on their radar including Hindalco and ABB India..
Shares of Zaggle Prepaid Ocean Services surged 18 percent to Rs 299 on Tuesday, hitting an all-time high, after the company announced it has entered into an agreement with EasyMyTrip Planners Limited for three years. In the December quarter, Zaggle's profit zoomed 919.5 percent year-on-year to Rs 15.22 crore, on the back of a decrease in finance cost after prepayment of debts. The company clocked its highest quarterly revenue to date at Rs 199.51 crore, driven by revenue contribution from Zoyer–its software platform. The stock price of the Hyderabad-based fintech company has nearly doubled from its IPO and listing price of Rs 164 per share. The company made a debut on the exchanges on September 22, 2023. Since listing, the shares have gained around 88 percent. The company's current market capitalisation is around Rs 3,590 crore, Moneycontrol data showed. Catch Nickey Mirchandani in conversation with company’s co-pomoter, MD & CEO-Avinash Godkhindi live on Moneycontrol.
Stocks to watch out for includes HDFC Bank, Zee Entertainment, Hindalco, Union Bank of India amongst others. The primary market action could Juniper Hotel’s Rs 1800 crore initial public offering being open for subscription on Feb 21. Catch Nickey Mirchandani in conversation with Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Aishvarya Dadheech-- Founder & CIO, Fident Asset Management.
Stocks to watch out for include HDFC Bank, Zee Entertainment, Coffee Day Enterprises, and more. The primary market action could see strong listing from Vibhor Steel Tubes, which is set to debut on the bourses on February 20 after the IPO closing with a massive 299 times subscription, in the mainboard segment. Catch @on.lynickey in conversation with Brijesh Ail, Head Technical & Derivatives, Retail Research and Sunil Subramaniam, MD and CEO, Sundaram Mutual
Kolkata-based hospital chain GPT Healthcare Ltd has set the price band for its initial public offering at Rs 177-186. The issue will be open for subscription from February 22 to 26 and the anchor book will be open on February 21. The IPO aims to raise around Rs 40 crore from the fresh issue. It also plans to raise funds through OFS by issuing up to 2.61 crore shares. With this, on the upper band price of the issue, the company will raise a total Rs 485.14 crore and its total market capitalisation will stand at Rs 1,500 crore.Catch Nickey Mirchandani in conversation with Mr. Anurag Tantia, Director & Mr. Atul Tantia, Group CFO of GPT Healthcare.
Corporate India demonstrated continued resilience in earnings for the quarter ending December 2023. Several sectors experienced upward revisions to estimates following the third-quarter earnings season. Catch Nandita Khemka in conversation with Kunal Shah, Senior Research Analyst at Carnelian Capital, Gaurang Shah, Senior Vice President at Geojit Financial Services, and Nirav R Karkera, Head of Research at Fisdom, to delve into the hits and misses of this earnings season.
Indian stock markets are likely to consolidate after scaling record levels in the previous week. Markets to look for domestic triggers. Q3-FY24 results were broadly in line with expectations, with sectors like healthcare and cement performing well, while real estate and retail disappointed Stocks to watch out for include Paytm, PB Fintech, Novartis India and Dr Reddy’s Lab amongst others The primary market action for the week will see Juniper Hotels opening its Rs 1,800-crore IPO for subscription on February 21 followed by GPT Healthcare IPO on February 22, while Vibhor Steel Tubes is set to debut on the bourses on February 20 after the IPO closing with a massive 299 times subscription, in the mainboard segment. Catch @onlynickey in conversation with Prashant Sawant-Founder Catalyst Wealth and Sandip Agarwal -Fund manager, Sowilo Investment Managers