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Share Market Closing Note

Sensex down 354 pts, Nifty below 21,800; bank, FMCG drag, auto, metals shine:

Benchmark indices ended lower in the volatile session on February 5 with Nifty below 21,800.

At close, the Sensex was down 354.21 points or 0.49 percent at 71,731.42, and the Nifty was down 82.10 points or 0.38 percent at 21,771.70. About 1528 shares advanced, 1858 shares declined, and 103 shares unchanged.

Top losers on the Nifty included UPL, Bharti Airtel, Bajaj Finance, HDFC Life and Grasim Industries, while gainers were Tata Motors, Coal India, BPCL, Sun Pharma and Cipla.

On the sectoral front, bank, capital goods, Information Technology and FMCG down 0.3-0.9 percent, while auto, pharma, metal, oil & gas and realty up 1 percent each.

The BSE midcap and smallcap indices ended on flat note.

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Topic :- Time:3.00 PM

Sudden selling is griping market now. Nifty spot if holds above 21720 level on closing basis then expect some further upmove in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be witnessed in coming sessions. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 62278. If it breaks and trade below 62220 level then expect some further decline in it and if it manages to trade and sustain above 62340 level then some upmove can be seen in Gold.

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Topic :- Time:2.15 PM

Just In:

Jharkhand Chief Minister Champai Soren proves majority in assembly with support of 47 MLAs.

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Topic :- Time:2.00 PM

Nifty is sideways to positive with very less movement right now. Nifty spot if manages to trade and sustain above 21940 level then expect some quick upmove and if it breaks and trade below 21900 level then some decline can be seen in the market.

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Topic :- Time:1.50 PM

Just In:

Park IPO: Issue fully booked on day 1; retail, NII portion sees strong demand

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Topic :- Time:1.00 PM

Nifty is trading in a range with positive bias. Nifty spot if manages to trade and sustain above 21960 level then expect some further upmove in the market and if it breaks and trade below 21920 level then some decline can follow. 21900-21880 to act as immediate support for now.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 722. If it manages to trade and sustain above 723.50 level then expect some upmove in it and if it breaks and trade below 721 level then some decline can follow in Copper.

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Topic :- Time:12.00 PM

Nifty is trading with minor gains however it is flat now. Nifty spot if manages to trade and sustain above 21920 level then expect some upmove in the market and if it breaks and trade below 21880 level then some decline can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1.  Sensex, Nifty trade marginally higher; UPL, Bharti Airtel drag

2. Hyundai Motor India may launch Indias largest IPO ever this Diwali

3. Russias energy elite, Indian govt officials try to keep oil flowing

4. Fuel retailers post Rs 69K cr profit in Apr-Dec, higher than pre-oil crisis

5. Tata Motors zooms 7% on beating the Street with 137% surge in Q3 profit

6. SBI Q3 results miss estimates on one-time loss.

7. Paytm stock crashes another 10%, hits lower circuit again; loses over 42% in 3 days

8. Ambanis eyeing Paytm wallet? Jio Fin shares jump 4%

9. Park Hotels IPO

10. Paytm at near record low. Investors lose ₹20,500 crore

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Topic :- Share Market Opening Note

Indian Stock Market Trading View For 05 Feb,2024:

Sentiments are again positive in the market. PSU companies are outshining at the moment. On Monday SBIN will be dictating trend.

For Monday:

Market will remain volatile, traders should trade as per market trend. Nifty spot if manages to trade and sustain above 21900 level then expect some upmove in the Nifty and if it breaks and trade below 21800 level then some decline can be seen. 

Please note this is just opening view and should not be considered as the view for the whole day.

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Share Market Closing Note

Nifty at 21,850, Sensex up 440 pts; oil & gas, IT, metal gain, banks fall:

Benchmark indices ended on a positive note in the volatile session on February 2 with Nifty around 21,850.

Top gainers on the Nifty were BPCL, Power Grid Corporation, ONGC, Adani Ports and Coal India, while losers were Eicher Motors, Axis Bank, HDFC Life, HDFC Bank and HUL.

Among sectors, oil & gas index up 4 percent and Information, Technology, metal, realty, power indices up 1.5-2 percent each, while bank index down 0.5 percent.

BSE Midcap index rose 1 percent and Smallcap index added 0.6 percent.

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Topic :- Time:3.10 PM

Nifty spot if manages to close above 21840 level then expect some upmove in the market and if it closes below above mentioned level then some sluggish move can follow. Avoid open positions for Monday.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6133. If it holds above 6110 level then expect some quick upmove in it and if it breaks and trade below 6110 level then some decline can follow in it. Watch out for 6110 level.

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Topic :- Time:2.15 PM

Just In:

1. Tamil actor Vijay announces his political party, names it Tamilaga Vettri Kazha

2. New CM Champai Soren takes an oath to form the government in Jharkhand, a day after the resignation of Hemant Soren.

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Topic :- Time:2.00 PM

Nifty is trading highly volatile now. Nifty spot if manages to trade and sustain above 21900 level then expect some upmove in the market and if it breaks and trade below 21860 level then some decline can be witnessed.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 21920 level then expect some upmove in it and if it breaks and trade below 21880 level then some decline can be seen in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 721.50.If it breaks and trade below 721 level then expect some decline in it and if it manages to trade and sustain above 722.40 level then some upmove can be seen in it.

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Topic :- Time:12.15 PM

Just In:

Suzlon confident of better results in March quarter, to execute order book in two years

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Topic :- Time:12.00 PM

Nifty just tested life time high. Nifty spot if manages to trade and sustain above 22100 level then expect some further upmove in the market and if it breaks and trade below 22040 level then some decline can be seen.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex soars over 1,200 pts, Nifty above 22,050 as budget uncertainty ends

2. PaytmKaro even beyond Feb 29, assures Vijay Shekhar

3. Tata wants a tie-up to fast-charge Apple output

4. Byjus US unit files for Chapter 11 bankruptcy

5. Tata Motors Q3 results today

6. Zee petition to NCLT: Sony dashed Goenkas efforts to save the merger

7. EV push may create 250,000 jobs

8. Urban infra gears up for metro push

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Share Market Closing Note

Nifty at 21,750, Sensex gains 1,200 pts led by oil & gas, power, banks:

Biggest gainers on the Nifty included ONGC, Reliance Industries, Adani Enterprises, Coal India and Adani Ports, while losers included Cipla, ITC, LTIMindtree, Bajaj Auto and Infosys

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6470. If it breaks and trade below 6450 level then expect some decline in it and if it manages to trade and sustain above 6505 level then some pull back can be seen in Crudeoil.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 72191.If it manages to trade and sustain above 72240 level then expect some upmove in it and if it breaks and trade below 71060 level then some decline can follow in the Silver.

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Topic :- Time:1.00 PM

Nifty spot is trading at 21699. If it manages to trade and sustain above 21720 level then expect some upmove in the market and if it breaks and trade below 21660 level then some decline can be seen in the Nifty.

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Topic :- Time:12.40 PM

Just In:

Reliance share price hits record high, m-cap crosses ₹19 lakh crore

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 727.90. If it breaks and trade below 727.50 level then expect some decline in it and if it manages to trade and sustain above 728.80 level then some upmove can be seen in it.

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Topic :- Time:12.00 PM

Nifty is flying high. Nifty spot if manages to trade and sustain above 21680 level then expect some further upmove in the market and if it breaks and trade below 21640 level then some decline can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex gains 800 pts, Nifty above 21,600

2. ED reaches Jharkhand CMs residence in Delhi

3. Trading halts for Evergrande after winding-up order

4. IRB wins Rs 1,720 crore arbitration

5. Indias gas demand to rise 6% in 2024: IEA

6. Colgate chief bets big on Indias rural recovery

7. Adani Green completes funding of reserves for $750 million Holdco Bond

8. Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 29 Jan,2024:

Interim Budget, Fed, auto sales to watch out for in coming week. Expect nifty to turn highly volatile now. News will impact nifty movement so strategy needs to be to use trailing stoploss in this week.

For Monday:

Nifty spot if manages to trade and sustain above 21400 level then expect some upmove in the market and if it breaks and trade below 21300 level then some decline can follow. Prefer day trading and avoid overnight open positions.

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Share Market Closing Note

Sensex pares losses, ends down 360 pts lower, Nifty below 21,400; IT, FMCG see selling:

The Sensex was down 359.64 points or 0.51 percent at 70,700.67, and the Nifty was down 75.80 points or 0.35 percent at 21,378.20. About 1811 shares advanced, 1422 shares declined, and 56 shares unchanged.

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Topic :- Time:3.00 PM

Nifty spot if holds above 21240 level on closing basis then expect some pull back in the market in coming session and close below above mentioned level will result in more dips. Avoid open positions for Monday as we are heading towards long weekend. NSE/BSE/MCX will remain closed on 26 Jan,2024 on account of Republic day.

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Topic :- Time:2.20 PM

Just In:

Jindal Power quits race to acquire Lanco Amarkantak

In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power company undergoing corporate insolvency proceedings.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 61921. It will find important support at 61800 level. If it holds above 61800 level then expect some quick upmove in it and if it breaks and trade below 61800 level then some decline can be seen in the Gold.

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 21300 level then expect some further upmove in the market and if it breaks and trade below 21270 level then some decline can further follow in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER Feb is trading at 729.30. If it manages to trade and sustain above 730.50 level then expect some upmove in it and if it breaks and trade below 728 level then some decline can be seen in it.

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Topic :- Time:12.15 PM

Vijay Kedia backed TAC Security files IPO papers with SEBI, to list with NSE Emerge

TAC Security files Draft Red Herring Prospectus (DRHP) with SEBI for IPO. TAC Security plans to list shares on NSE Emerge platform through IPO.

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Topic :- Time:12.00 PM

After negative opening nifty is trading in deep red again. Nifty spot if breaks and trade below 21280 level then expect some decline in the market and if it manages to trade and sustain above 21320 level then some pull back can be seen. Use rise for going short for now.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Smallcaps shine in weak session; SCI up 12%, RITES 11%

2. One year of Hindenburg: Adani group up, recouping market cap losses

3. Ranjan Pai to own 40% in Byjus Aakash Institute, make it debt-free

4. HDFC Bank says no evidence to suggest FPI selling is related to Sebi circular

5. DLF jumps 4% as Q3 show impresses brokerages with 27% rise in net profit

6. TVS slips 3% after brokerages turn cautious post Q3 results

7. Premji gifts Wipro shares worth Rs 500 crore to sons

8. Bain Capital on track to invest up to $10 bn in India

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Share Market Close

Nifty ends near 21,250, Sensex falls 1,000 pts; mid, smallcaps plunge:

On the sectoral front, except pharma, all other sectoral indices ended in the red.

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Topic :- Time:2.30 PM

ZINC Trading View:

ZINC is trading at 221.60. If it manages to hold above 220.50 level then expect it to test 223.60 level quite soon. Below 220.50 it can show some decline.

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Topic :- Time:2.05 PM

Just In:

India pips Hong Kong to take 4th place on biggest stock exchange list

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Topic :- Time:1.55 PM

Just In:

Cipla shares rise 8% to hit a 52-week high on robust Q3 earnings

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Topic :- Time:1.55 PM

Result Today:

APCOTEXIND

ATFL

AXISBANK

BENARAS

BGJL

BIGBLOC

BLISSGVS

CENTENKA

CGPOWER

CUPID

CYIENTDLM

DUNCANENG

EKI

ESSENTIA

GANDHAR

GLS

GRANULES

GRAVITA

GUJINTRX

HAVELLS

ICRA

IIRM

INDOCO

INDUSTOWER

INFIBEAM

JINDCAP

JSWENERGY

KEI

KJMCFIN

KRISHNA

KTKBANK

L&TFH

LATIMMETAL

LLOYDSENGG

LLOYDSENT

LUDLOWJUT

MACIND

MANINDS

MGL

MPSLTD

MUTHOOTCAP

NACLIND

NAVKARCORP

NEIL

NETWEB

NKIND

ORIENTBELL

PIDILITIND

POWERINDIA

PURSHOTTAM

PURVA

RALLIS

RECLTD

ROUTE

RTNPOWER

SAPL

SASKEN

SIMPLXMIL

SIMPLXPAP

SONACOMS

SYSTMTXC

TANFACIND

TANLA

TATAELXSI

TIPSINDLTD

TVOLCON

UGROCAP

UNITDSPR

UPSURGE

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 70999. If it manages to trade and sustain above 71060 level then expect some upmove in it and if it breaks and trade below 70920 level then some decline can follow in Silver.

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Topic :- Time:1.20 PM

Just In:

Import duty on gold, silver findings and precious metal coins increased to 15%

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Topic :- Time:1.00 PM

Nifty is declining continuously now. Nifty spot if breaks and trade below 21360 level then expect some further decline in the market and if it manages to trade and sustain above 21420 level then some upmove can be seen. Currently Nifty spot is trading at 21380.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 717.20. If it manages to trade and sustain above 718 level then expect some upmove in it and if it breaks and trade below 716.60 level then some decline can be seen in the Copper.

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Topic :- Time:12.00 PM

After positive start nifty is trading in deep red zone. Nifty spot if breaks and trade below 21400 level then expect some further decline in the market and if it manages to trade and sustain above 21440 level then some upmove can be seen.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex erases all gains, declines 100 points

2. Zee shares crack 15% as brokerages scream sell

3. Reliance may cheer while P&G, Unilever to rue $10 bn deal crash

4. Lightspeed appoints two venture partners

5. Legal war in making as Sony-Zee deal fails

6. JSW Group has a $5 billion EV plan

7. Medi Assist Healthcare lists at 11% premium over IPO price

8. Credit growth to moderate to 13%; Paytm and lower-rated NBFCs at risk: Macquaries Suresh Ganapathy

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 23 Jan, 2023

Gap up opening expected. Nifty is likely to trade volatile as day progresses.

Nifty spot if manages to trade and sustain above 21740 level then expect some upmove and if it breaks and trade below 21680 level then some decline can follow.

Please note this is just opening view and should not be considered as view for whole day.

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Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

The Nasdaq Golden Dragon China Index slipped as much as 2.2% at the start of US trading Friday, extending losses to a fifth consecutive day.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

“What we are seeing this year so far really is a continuation of what we saw last year,” John Lin, AllianceBernstein’s chief investment officer of China equities, said in an Jan. 17 interview on Bloomberg Television. “These squeezing-the-toothpaste type of stimulus policies so far haven’t been able to turn around the underlying bottom-up fundamentals of areas like the property sector.”

‘Waiting Game’

The HSCEI gauge plunged more than 6% this week and is on track to record its worst January performance in eight years. On the mainland, the CSI 300 Index has dropped in nine of the last 10 weeks. Signs that state funds likely bought exchange-traded funds and a decision by China’s largest brokerage to suspend short selling for some clients failed to halt the onshore benchmark’s losing run.

The headwinds buffeting the market are well documented: China’s real estate sector remains a trouble spot, deflationary pressures are building and a long-running feud between Beijing and Washington refuses to go away, with the US election set to take place later this year. In recent days, uncertainties about the trajectory of US interest rates and the threat of an imminent blowout of local stock derivatives have added to investor worries.

Asian fund managers have cut their allocation to China by 12 percentage points to a net 20% underweight, the lowest in more than a year, according to the latest Bank of America survey.

Managers of benchmark-tracking funds have sold a net $300 million of shares traded in mainland China and Hong Kong this month, according to a Morgan Stanley analysis. That’s a reversal from the last half of 2023, when they bought $700 million on a net basis even as stock indexes declined.

“China is a waiting game and we continue to be waiting,” said Mark Matthews, head of Asia research at Bank Julius Baer & Co., which is mostly avoiding Chinese equities.

Beijing’s efforts to reassure investors have been met with skepticism from investors, many of whom worry that authorities are behind the curve. While the People’s Bank of China took steps last month to pump cash into the financial system, it bucked widespread expectations for cutting a key policy rate on Monday.

Speaking to leaders at the World Economic Forum this week, Chinese Premier Li Qiang trumpeted his nation’s ability to hit its roughly 5% growth target for 2023 without flooding the economy with “massive stimulus.”

Right now, the loss of confidence is so severe that even attractive valuations are of little help. The MSCI China Index has never been this cheap versus the S&P 500 gauge from a forward earnings estimate perspective. Still, bets on a short-term rebound have failed to materialize.

“The government seems very sanguine about the economy,” said Xin-Yao Ng, an investment director for Asian equities at abrdn. “The market might not even trust the 5% growth figure, it certainly has a much more negative view on the economy and definitely believes Beijing needs a big fiscal response.”

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Share Market Closing Note

Nifty at 22,100, Sensex 760 pts; IT, oil & gas shine:

Among sectors, except metal all other sectoral indices ended in the green with the Information Technology, PSU Bank, Oil & Gas up 1 percent each.

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Topic :- Time:3.00 PM

Nifty just triggered all time high once again now. Nifty spot if manages to close above 22120 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow. 

Stock To Carry For Tomorrow:

1. DLF

2. INDUSINDBK

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 62604. If it holds above 62480 level then expect gold to test 62900 level quite soon and if it breaks and trade below 62480 level then some decline can be seen in it.

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Topic :- Time:2.25 PM

Medi Assist Healthcare IPO: Medi Assist Healthcare IPO is a book built issue of ₹1,171.58 crore. The issue is entirely an offer for sale (OFS) of 2.8 crore shares.

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Topic :- Time:2.00 PM

Nifty future is trading at 22094. Once it manages to trade and sustain above 22120 level then expect some quick upmove in it and if it breaks and trade below 22060 level then some decline can be seen. Still market is looking strong so buy from dips is still recommended.

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 714.If it manages to trade and sustain above 715.50 level then expect some further upmove in it and if it breaks and trade below 713.20 level then some decline can follow in it.

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Topic :- Time:1.25 PM

Just In:

Reliance Industries shares hit 52-week high as subsidiary to sell REC Solar Norway for $22 million

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Topic :- Time:1.15 PM

Uttar Pradesh Govt to invest 8,000 crore in a proposed 1,472 acre bulk drug park in Lalitpur, Bundelkhand region.

The state is targeting to increase its share in Indias pharma industry from 2 per cent to 10-12 per cent

UP has partnered with reputed scientific institutions including Council of Scientific and Industrial Research (CSIR) and Defence Research and Development Organisation (DRDO) as knowledge partners for developing generic and low cost medicines

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Topic :- Time:1.10 PM

Just In:

Wholesale inflation rises to 0.73% in December

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Topic :- Time:1.00 PM

Nifty is consolidating now and another breakout is expected in the market soon. Nifty spot if manages to trade and sustain above 22080 level then expect some quick upmove in the market and if it breaks and trade below 22040 level then some decline may happen.

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Topic :- Time:12.30 PM

NATURALGAS Trading View:

NG is trading at 262.20. If it manages to hold below 267 level then expect some decline in it and once it manages to trade and sustain above 267 level then some upmove can follow in it. Sell around 264 is recommended in it.

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Topic :- Time:12.00 PM

After hitting all time high again nifty is still trading with good gains. Nifty spot if manages to trade and sustain above 22060 level then expect some further upmove in the market and if it breaks and trade below 22020 level then some decline can be seen.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 550 pts, Nifty above 22,000; IRFC, Wipro, RVNL, Infosys most active

2. IT flavour lights up D-Street! Sensex past 73,000-mark, Nifty above 22,000

3. Jio Financial Services Q3 results today

4. Delhi fog alert: 5 flight diverted, 18 trains late

5. Tata Consumer plans Rs 3500 cr rights issue

6. Minimum wages may be hiked before polls

7. SpiceJet to connect Ayodhya from 3 cities

8. Sachin Tendulkar invests in ISPL

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 15 Jan,2024:

Nifty is likely to turn volatile as the day progresses. Keep eye on IT and Banking Stocks.

Nifty spot if manages to trade and sustain above 21940 level then expect some further quick upmove and if it breaks and trade below 21840 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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Share Market Closing Note

Nifty above 21,600, Sensex up 272 pts led by IT, metal, pharma

Indian benchmark indices ended on positive note for the third consecutive session on January 10.

Top gainers on the Nifty included Cipla, Reliance Industries, Adani Enterprises, HCL Technologies and Adani Ports, while losers were ONGC, Divis Labs, BPCL, NTPC and Coal India,

Among sectors, Healthcare, Information Technology and Metal up 0.4 percent each, while Realty and Oil & Gas down 0.3 percent each.

BSE Midcap and Smallcap indices ended marginally higher.

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Topic :- Time:3.00 PM

On Banknifty expiry day we got to see some good moves in banknifty contract in CE and PE both in late hours earlier premium was getting erased only.

Nifty spot if manages to hold above 21520 level on closing basis then expect some further upmove in coming sessions and close below above mentioned level will result in some sluggish move. Avoid open positions for tomorrow.

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 21540 level then expect some upmove in the market and if it breaks and trade below 21480 level then some decline can be seen.

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Topic :- Time:1.40 PM

Just In:

Fintechs want to be your go-to money managers for an SIP

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 72099. If it breaks and trade below 72050 level then some decline can be seen and if it manages to trade and sustain above 72150 level then some upmove can follow in it.

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Topic :- Time:1.15 PM

Just In:

PM Modi says Indias port infrastructure secures new investments from UAE companies

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Topic :- Time:1.00 PM

Nifty is highly volatile traders should wait for clear direction else it will burn cash only. Nifty spot if manages to trade and sustain above 21520 level then expect some upmove in the market and if it breaks and trade below 21480 level then some decline can be seen.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 714.55. If it holds below 716.70 level then expect it to test 710 level quite soon and if it manages to trade and sustain above 716.70 level then some upmove can be seen else sell from rise till it holds below 716.70.

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Topic :- Time:12.00 PM

Nifty is trading volatile and if it nifty spot manages to trade and sustain above 21540 level then expect some upmove in the market and if it breaks and trade below 21500 level then some decline can follow.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Nifty at 21,550, Sensex up marginally; HCL Tech, Adani Enterprises top gainers

2. Bharti Airtel hits 52-week high as BofA Securities raises target, expects tariff hike

3. SpiceJet shares fly 5% before AGM review of Rs 2,250-cr investment plan

4. Delta Corp stock drops 3% as Q3 net profit tanks 59% to Rs 34 crore

5. Paytm to invest Rs 100 crore in GIFT City, to offer AI-driven cross-border remittance

6. Medi Assist Healthcare Services sets price band at Rs 397-418 for Rs 1,172-cr IPO

7. Jyoti CNC issue subscribed 2.5 times, retail portion booked 8.2x on IPO Day 2

8. Suzukis vibrant plans for Gujarat include a new $4 billion plant

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 Share Market Closing Note

After opening with marginal gains, domestic benchmark indices � S&P BSE Sensex and NSE Nifty50 slipped into negative territory on January 8. The retail exuberance faded after a strong US jobs report reignited a rally in 10-year treasury yields, pushing back rate cut prospects.

At close, BSE Sensex and NSE Nifty50 slipped up to 1 percent to 71,355 and 21,511 levels, respectively. Broader markets, too, saw profit-booking as Nifty Midcap 100 and Nifty Smallcap 100 indices slipped 1 percent each. As a result, the fear gauge � India VIX � edged up by 7 percent to hover around 13.5 levels.

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Topic :- Time:3.20 PM

Just In:

Power Mech Projects receives order worth ₹825 crore from Mahan Energen, stock gains over 3%

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Topic :- Time:3.00 PM

Nifty is in no mans land. Nifty future is trading at 21605. If it holds above 21570 level on closing basis then expect some good bounce back in the market in coming sessions and if it closes below 21570 level then some further decline is possible. Avoid open positions for tomorrow. Good stock specific action is there. One can consider IRCTC as BTST.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6091.If it holds below 6035 level then expect it to test 6040-6020 levels quite soon. Sell on rise till it hold below 6035 is recommended in it. Only above 6035 we can see good buying in it.

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Topic :- Time:2.10 PM

Nifty is trading in range. Nifty spot is trading at 21588. If it manages to trade and sustain above 21600 level then expect some quick upmove in the market and if it breaks and trade below 21560 level then some decline can be seen.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 236.30. If it manages to hold above 233.50 level then expect it to test 242-244 levels quite soon and once it breaks and trade below 233.50 level then some decline can be seen in it.

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Topic :- Time:1.15 PM

Just In:

FirstCry CEO Supam Maheshwari offloaded shares worth Rs 300 crore before IPO filing

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Topic :- Time:1.00 PM

Nifty is trading volatile now in negative zone however some pull back is expected from here. Nifty spot if manages to trade and sustain above 21600 level then expect some upmove in the market and if it breaks and trade below 21560 level then some decline can be seen in the Nifty.

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Topic :- Time:12.55 PM

Just In:

India ranks second after China in MSCI EM index after weightage surpasses Taiwan

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Topic :- Time:12.40 PM

Just In:

DECEMBER AMFI DATA

Liquid funds drive Rs 40,685-crore outflow from mutual funds.

Equity segment inflows rise on small and multi-cap schemes.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 721.60. If it manages to trade and sustain above 722.20 level then expect some upmove in it and if it breaks and trade below 720.50 level then some decline can be seen in it.

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Topic :- Time:12.00 PM

After positive start nifty is trading in red zone. Nifty spot if manages to trade and sustain above 21580 level then expect some upmove in the market and if it breaks and trade below 21540 level then some further decline can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex falls 300 pts; PSBs top sectoral losers

2. Indias fuel demand hits seven-month high in Dec

3. Auto retail sales up 21% YoY in Dec: FADA

4. Tata Motors reshuffles key execs in PV biz

5. China sanctions 5 US defence companies

6. India beats Taiwan in MSCI EM index weightage to be second after China

7. Byjus cutbacks: Employees struggle with deteriorating workplace amid massive cash crunch

8. Kaushalya Logistics lists at 33% premium to IPO price on NSE SME

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 08 Jan,2024:

Nifty is likely to remain volatile with global cues playing critical role. Nifty spot if manages to trade and sustain above 21760 level then expect some upmove in the market and if it breaks and trade below 21660 level then some decline can be seen in the market.

Please note this is just opening view and should not be considered as the view for the whole day.

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