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The daily passenger count of the metro has declined from its peak of 550,000 in November 2023 to 480,000 now

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Share Market Closing Note

Sensex, Nifty close higher after falling 1% intraday:

India VIX has more room to rise and the volatility could continue until the general election results are announced, say analysts

At close, the Sensex was up 145 points or 0.2 percent at 72,809 and the Nifty 50 was up 64 points or 0.3 percent at 22,120. About 1,533 shares advanced, 2,001 shares declined, and 92 shares remained unchanged.

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Topic :- Time:3.00 PM

Nifty spot if manages to trade and hold above 22120 on closing basis then expect some further rise in the market in coming days and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.

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Topic :- Time:2.50 PM

Just In:

Airtel inks deal with Google Cloud to accelerate cloud adoption, deploy Generative AI solutions.

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Topic :- Time:2.30 PM

SILVER Trading View:

SILVER is trading at 84621. If it breaks and trade below 8550 level then expect some further decline in it and if it manages to trade and sustain above 84700 level then some upmove can follow in it.

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Topic :- Time:2.00 PM

Nifty and Banknifty both moved in green zone now. 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 22080 level then some decline can be observed.

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Topic :- Time:1.45 PM

Just In:

Aadhar Housing Finance IPO allotment expected on May 13.

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Topic :- Time:1.40 PM

Just In:

Piramal Pharma shares surge 11% to hit 52-week high after Q4 net profit more than doubles to ₹101 crore.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 190.70. If it holds above 187 level then expect some upmove in it and if it breaks and trade below 187 level then some decline can be seen in the Naturalgas.

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Topic :- Time:1.15 PM

Just In:

Zomato Q4 net profit likely to rise 58% to ₹218 crore, revenue seen up 6% QoQ.

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Topic :- Time:1.10 PM

Just In:

Polycab shares hit a 52-week high after Q4 results.

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Topic :- Time:1.00 PM

Nifty has shown good recovery from its lows however if it manages to trade and sustain above 22040 level then expect some further upmove in the market and if it breaks and trade below 22000 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

Just In:

Indegene share price opens with 45% premium at ₹655 on NSE.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 873. If it manages to trade and sustain above 875 level then expect some upmove in it and if it breaks and trade below 871 level then some decline can follow in Copper.

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Topic :- Time:12.00 PM

Nifty spot is trading at 21984. If it manages to trade and sustain above 22020 level then expect some upmove in it and if it breaks and trade below 21960 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex falls 450 pts; India VIX spikes 14%

2. Sensex crashes: Bears growl on D-St amid FPI selloff & poll jitters

3. Abki baar 400 paar is becoming a reality, says Modi

4. Tata Motors falls 9% on downgrades.

5. Zomato seen to deliver a hot profit & sales dish today

6. Spice co MDH has faced many US rejections

7. Wipro to settle lawsuits against former execs

8. India to sign 10-year agreement with Iran to manage Chabahar Port

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Topic :- Time:11.00 AM

After negative opening nifty is still trading in red zone. Nifty spot if manages to trade and sustain above 21920 level then some upmove can be seen and if it breaks and trade below 21900 level then further decline can follow.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 13 May,2024:

After lot of beating in last week this week nifty is likely to gain some momentum again. Global cues will play critical role.

Nifty spot if manages to trade and sustain above 22120 level then expect some upmove in the market and if it breaks and trade below 22000 level then some decline can be observed further.

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

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Despite missing its FY24 sales target, the company remains confident about exceeding expectations this fiscal year. Group CFO PB Balaji emphasised Tata Motors' commitment to EV expansion, revealing plans to launch the Curvv EV as part of their strategy.

Tata Motors is shifting its focus in the electric vehicle (EV) market from early adopters to broader market development strategies, according to the group CFO PB Balaji. The idea is to focus on clearing the hurdles that EV buyers face like charging infrastructure and total cost of ownership.

Despite missing its target of selling 1 lakh units of passenger electric vehicles in FY24, the company remains optimistic about achieving this milestone in the current fiscal year. Balaji stated that Tata Motors is keeping its options open regarding incentives under India's new EV policy and manufacturing decisions for its subsidiary Jaguar Land Rover (JLR).

During an earnings call, Balaji emphasised Tata Motors' commitment to EV expansion, revealing plans to launch the Curvv EV as part of their strategy. He noted that while early adopters are dwindling, a new wave of customers requires reassurance on various fronts such as charging infrastructure, total cost of ownership, and model variety.

Balaji framed the current market phase as one of exciting development rather than a challenge, emphasising the company's focus on addressing barriers to EV adoption. Tata Motors aims to accelerate EV penetration by collaborating with charge point operators to deploy nearly 22,000 chargers and promoting the synergy between rooftop solar panels and EV usage.

Despite selling 73,800 passenger EVs in FY24, a 48% increase from FY23, Tata Motors is determined to exceed the 1,00,000 unit target for the current fiscal year. Regarding JLR's potential participation in India's new EV policy incentives, Balaji stated that all options are being considered and plans will be shared once clarity is attained.

Under India's new EV policy, companies establishing EV manufacturing facilities will benefit from lower customs/import duty for a limited period, aimed at encouraging domestic production of electric passenger cars.

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Tata Motors has earmarked Rs 43,000 crore in financial year 2025 for product development and advanced technologies. The decision comes with the semiconductor crisis easing off and expected sustenance in demand for both UK-based subsidiary Jaguar Land Rover (JLR) and standalone business.

A senior company official told reporters that during FY 2024-25, investment will be 35,000 crore (3.5 billion pounds) for the JLR unit and around Rs  8,000 crore will be spent for Tata Motors’ standalone business.

Despite selling 73,800 passenger EVs in FY24, a 48% increase from FY23, Tata Motors is determined to exceed the 1,00,000 unit target for the current fiscal year. Regarding JLR's potential participation in India's new EV policy incentives, Balaji stated that all options are being considered and plans will be shared once clarity is attained.

Under India's new EV policy, companies establishing EV manufacturing facilities will benefit from lower customs/import duty for a limited period, aimed at encouraging domestic production of electric passenger cars.

Tata Motors has earmarked Rs 43,000 crore in financial year 2025 for product development and advanced technologies. The decision comes with the semiconductor crisis easing off and expected sustenance in demand for both UK-based subsidiary Jaguar Land Rover (JLR) and standalone business.

A senior company official told reporters that during FY 2024-25, investment will be 35,000 crore (3.5 billion pounds) for the JLR unit and around Rs  8,000 crore will be spent for Tata Motors’ standalone business.

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Share Market Closing Note

Sensex ends 260 points higher, Nifty above 22,000; BSE MidCap, SmallCap up 0.8% each:

Nifty Realty Index was the top loser, down 1.4 percent, followed by Nifty IT, which fell 1 percent. Among gainers, the Nifty Healthcare Index was the top performer, up 1.1 percent, followed by Nifty Metal and FMCG, which rose 0.9 percent each. Nifty Consumer Durables and Oil & Gas were up 0.6 percent.

Market This Week

1. Flagship Sensex, Nifty decline 1.8 percent and 2 percent respectively

2. BSE MidCap, SmallCap losses around 3.5 percent and 3.9 percent respectively

3. 13 out of 50 Nifty stocks give positive returns, Hero MotoCorp, Britannia Industries and HUL top gainers. Among losers, Shriram Finance, Dr Reddys Lab, Titan take the top spots

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Topic :- Time:3.10 PM

Just In:

Go Digit announces IPO price band at Rs 258-272 per share; total issue size at Rs 2,614 cr.

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Topic :- Time:3.00 PM

Nifty spot if manages to hold above 22020 level on closing basis then expect some pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish move may follow. Avoid open positions.

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Topic :- Time:2.50 PM

Just In:

Aadhar Housing Finance IPO Day 3: Issue subscribed over 6x so far, QIBs outpace.

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Topic :- Time:2.50 PM

Just In:

Kejriwal out on bail till 1st june  - Big blow for bjp for Punjab , ,Haryana , Delhi elections.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 72745. If it holds above 72400 level then it is likely to go past 73000 level very soon. Buy on tips till it holds above 72400 is recommended in it.

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Topic :- Time:2.00 PM

Nifty is trading highly volatile. Nifty spot if manages to trade and sustain above 22060 level then expect some upmove and if it breaks and trade below 22020 level then some decline can be seen in the market.

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Topic :- Time:1.40 PM

Just In:

19% returns on gold in 10 yrs.

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Topic :- Time:1.30 PM

ZINC Trading View:

ZINC is trading at 260.70. If it manages to trade and sustain above 261 level then expect some upmove in it and if it breaks and trade below 260.20 level then some decline can be seen.

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Topic :- Time:12.35 PM

Just In:

Polycab India beats street estimates in Q4; announces a 300% dividend payout.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 870.50. If it manages to trade and sustain above 872 level then expect some more upmove in it and if it breaks and trade below 868 level then some decline may follow in it. Right now its 10.75 points up from its previous close so one should avoid fresh position in it.

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Topic :- Time:12.10 PM

Just In:

Bharat Petroleum Corporation shares gain 5% to become the top Nifty 50 gainer.

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Topic :- Time:12.00 PM

Nifty future is trading at 22127. If it breaks and trade below 22100 level then expect some selling in the market and  if it holds above 22100 level then it will head towards 22185 level quite soon.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 250 pts, Nifty above 22000; Infosys, TCS, HCL Tech fall

2. Tata Motors stock rises 2% ahead of Q4 results

3. FIIs shed over $2 billion in equities in first six sessions of May

4. CPI inflation seen easing slightly to 4.8% in April

5. We are on track to grow very quickly next year and in subsequent years: Tata Power CEO

6. Go First revival in jeopardy as airline may lose airport slots, international flying rights

7. Tiger Global-backed Groww moves domicile from US to India

8. The golden stock rise for your Kalyan since last Akshaya Tritiya

9. Solar stocks outshine with up to 1,318% return

10. TVS Motor eyes 30% of 2W sales from EVs

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A multitude of factors such as uncertainty over election results, a lacklustre earnings season, etc caused Nifty, Sensex to crash over 1 percent ahead of the weekly expiry of derivative contracts

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Share Market Closing Note

Sensex, Nifty ends flat; Tata Motors, PowerGrid, NTPC, L&T top gainers:

On BSE, 2133 stocks advanced, 1661 declined, and 132 remained unchanged. Nifty Oil & Gas led gainers with a 1.7% rise, followed by Nifty Metal and Auto, each up by 1.48%. However, Nifty Private Bank witnessed the steepest decline, down by 0.8%.

Following a morning dip, Indian markets saw a modest recovery, with the Sensex slipping 0.06% (45 points) to close at 73,466.39 points, while the Nifty remained unchanged at 22,302.50 points.

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Topic :- Time:3.00 PM

Nifty spot if manages to close above 22280 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish move may follow in the market. Avoid open positions for tomorrow.

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Topic :- Time:2.10 PM

Nifty spot if breaks and trade below 22280 level then expect some decline in it and if it manages to trade and sustain above 22320 level then some upmove can be seen in the market.

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Topic :- Time:2.00 PM

Delta Corp to participate in ₹765 crore real estate platform for redevelopment in Mumbai

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Topic :- Time:1.40 PM

Just In:

Bharat Forge net profit surges 59.3%, revenue gains 16% in Q4

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 70940. If it breaks and trade below 70900 level then expect some more decline in it and if it manages to trade and sustain above 70980 level then some upmove can be seen in it.

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Topic :- Time:1.00 PM

Nifty is likely to turn more volatile soon. Nifty spot if manages to trade and sustain above 22350 level then expect some further upmove in the market and if it breaks and trade below 22300 level then some decline can follow. Currently Nifty spot is trading at 22332.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 854.80. If it breaks and trade below 854 level then expect some decline in it and if it manages to trade and sustain above 855.50 level then some upmove can follow in it.

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Topic :- Time:12.00 PM

Nifty spot is trading flat. Nifty spot if manages to trade and sustain above 22320 level then expect some upmove in it and if it breaks and trade below 22280 level then some decline can be seen in it.

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Topic :- Time:11.30 AM

News wrap Up:

1. Sensex falls 200 points, Nifty below 22,300

2. New gold in market? Vedanta boss says these minerals are precious

3. Paytms lenders may cause it severe financial stress

4. Aadhar Housing IPO Opens

5. Chinas solar panel giants say prices near the bottom

6. Voltas bulls get cold burns, money managers queasy about Kalyan, operators serve BHEL, school reopening game in Camlin

7. Sensex, Nifty fall for 4th day, may remain in consolidation as election risk looms

8. Zomato-backed Shiprocket wants to move higher in e-commerce value chain

9. Phase 3 turnout at 64.5% vs 66% in 2019, but gap smaller than first two phases

10. Global car giants seek allies in Chinas EV market

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Share Market Closing Note

Sensex, Nifty end flat; broader indices fall 1% as financials bleed:

After starting higher on Monday, lifted by healthy global cues, Indian equity markets ended flat amid selling in financial shares. READ MORE

The S&P BSE Sensex ended at 73,896, up 17 points or 0.02 per cent, while the Nifty50 closed at 22,443, down 33 points or 0.15 per cent. 

In the broader markets, the BSE MidCap and SmallCap indices declined 0.95 per cent and 1 per cent, respectively. 

The volatility gauge, India VIX, meanwhile, soared nearly 14 per cent.

Among sectors, the Nifty PSU Bank index shed 3.66 per cent, the Nifty Consumer Durables 2.5 per cent, and the Nifty Media 2.16 per cent. On the upside, the Nifty Realty index gained nearly 2.7 per cent. 

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Topic :- Time:3.00 PM

Nifty spot if holds above 22440 level on closing basis then expect some pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish move may follow. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6600. If it manages to hold above 6575 level then expect it to test 6660 level quite soon and if it breaks and trade below 6575 level then some decline can follow in it. Buy on every dips till it holds above 6575 is recommended in it.

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Topic :- Time:2.25 PM

Just In:

Zen Technologies shares tumble to hit 5% lower circuit �  Management  expects  revenue to double in FY25 .

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Topic :- Time:2.00 PM

Nifty is not showing good movement and giving less opportunities to day traders specially index options traders. Nifty spot if manages to trade and sustain above 22460 level then expect some upmove and if it breaks and trade below 22420 level then some decline can be seen in the market.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 82506. If it manages to trade and sustain above 82650 level then expect some upmove in it and if it breaks and trade below 82350 level then some decline can be seen in it.

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Topic :- Time:1.10 PM

Just In:

MC EXCLUSIVE Shapoorji Pallonji Group taps Power Finance Corp for $1.2 billion loan.

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Topic :- Time:1.00 PM

Nifty is trading in no trading zone with no movement right now. Traders are advised to wait for the right opportunity and trade as per market trend only.

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Topic :- Time:12.40 PM

Just In:

KKR buys Healthium from Apax Partners for ₹7,000 cr.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 863.80. If it manages to trade and sustain above 865 level then expect some more upmove in it and if it breaks and trade below 861 level then some decline can be seen in it.

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Topic :- Time:12.20 PM

In Mondays session, shares of PSU stocks experienced sharp declines, with some of them plummeting by as much as 13%.

This downward trend followed the Reserve Banks announcement on Friday proposing stricter regulations, governing lending to projects under implementation.

The RBI guidelines stipulate that a 5% general provision must be set aside for all existing and new project loans in the construction phase, i.e., before commercial operations commence. Once the project transitions to the operational phase, these provisions can be reduced to 2.5% of the funding outstanding and further to 1% under certain conditions.

These conditions include the project demonstrating a positive net operating cash flow adequate to cover current repayment obligations to all lenders, along with a minimum 20% decline in the projects total long-term debt with lenders from the outstanding amount at the time of achieving the Date of Commencement of Commercial Operations.

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Topic :- Time:12.00 PM

After positive start nifty is still trading in green zone however some intense profit booking was witnessed in PSU banks. Nifty spot if manages to trade and sustain above 22540 level then expect some upmove and if it breaks and trade below 22480 level then some decline can follow in it.

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Topic :- Time:11.45 AM

Just In:

Kotak Mahindra Bank shares jump 6% after multiple analyst upgrades post Q4.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty off days high; PSU Bank index tumbles over 3%

2. MC EXCLUSIVE Multi-billion-dollar Godrej family settlement wont attract tax

3. REC, PFC, IREDA shares fall up to 11% as RBI proposes tighter project finance rules

4. Paytm slumps 4% as president & COO Bhavesh Gupta resigns; Q4 results eyed

5. Tata Tech shares plunge 5% on subdued Q4 earnings

6. India services PMI falls to 60.8 in April from 61.2 in March

7. ED raid in Ranchi: Huge cash stash recovered from Jharkhand minister aides home

8. Coforges Cigniti acquisition faces valid scepticism

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 06 May,2024:

Nifty is likely to follow global cues and is expected to turn volatile as the day progresses. Downside is limited and should be used as an opportunity to go long. Banking sector is further expected to lead the rally.

Nifty spot if manages to trade and sustain above 22520 level then expect some upmove and if it breaks and trade below 22420 level then some decline can further 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 at 22,450, Sensex falls 760 points; metals outshine:

In the volatile session the Indian benchmark indices ended lower with Nifty below 22,500 amid selling across the sectors barring metsls.

Biggest Nifty losers were L&T, Maruti Suzuki, Reliance Industries, Nestle India and Bharti Airtel, while gainers included Coal India, Grasim Industries, ONGC, Dr Reddys Laboratories and Hindalco Industries.

Among sectors, except metal, all other sectoral indices ended in the red with capital goods, oil & gas, realty, telecom and PSU Bank down 1 percent each.

The broader indices also came under pressure after hitting fresh highs in the early part of the session. The BSE midcap and smallcap indices fell 0.5 percent each.

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Topic :- Time:3.00 PM

Nifty spot if holds above 22420 level on closing basis then expect some pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish move may further continue to follow. Avoid open positions for Monday.

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Topic :- Time:2.40 PM

Just In:

Firstsource Solutions to acquire QBSS for ₹328 crore; shares slip post Q4 earnings.

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Topic :- Time:2.30 PM

COPPER Trading View:

COPPER is trading at 849.50. One can short copper around 851 with small stoploss of 853.30 for the target 845 however once it crosses 853.30 it will be in buying zone.

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Topic :- Time:1.55 PM

IPO alert

1. SAI SWAMI METALS AND ALLOYS (BSE SME) 

2. Amkay Products Limited (BSE SME)

3. Storage Technologies And Automation Ltd (BSE SME)

All above 3 one can apply for listing gains.

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Topic :- Time:1.50 PM

Just In:

Coal India share price rises up to 4% post Q4 earnings.

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Topic :- Time:1.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6619. If it manages to trade and sustain above 6635 level then expect some upmove in it and if it breaks and trade below 6600 level then some decline can follow in Crudeoil.

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Topic :- Time:1.20 PM

Just In:

Heavyweight stocks weigh Sensex, Nifty down over 1% each.

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Topic :- Time:1.10 PM

Just In:

MRF announces its highest-ever dividend payout post-Q4 results of 1,940% 

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 81143. If it breaks and trade below 81100 level then expect some further decline in it and if it manages to trade and sustain above 81200 level then some pull back can follow however trend will remain sell from rise for now.

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Topic :- Time:12.00 PM

Nifty is trading with deep losses now as it declined from its day highs. Nifty spot if breaks and trade below 22480 level then expect some further fall in the market and if it manages to trade and sustain above 22520 level then some upmove can be seen. Currently Nifty spot is trading at 22490.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex tumbles over 900 pts from days high, Nifty below 22,600

2. Max Estates stock jumps 8% today, extends yesterdays 20% gain as co inks mega development deal

3. Carlyle Group dumps Yes Bank shares yet again, offloads 2.2% stake

4. Bajaj Finance soars 7% on RBI ban reversal; brokerages retain buy rating

5. Adani Power targets long-term growth with expansion strategy

6. Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms

7. India buys more Russian oil lured by better deals

8. Premji eyes stake in Bank of Barodas Nainital Bank

9. Reliances warehousing assets get $1.5 bn investment

10. Real estate loans triple the pace in FY 23

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Topic :- Time:11.00 AM

After positive opening nifty slide in red zone however overall market is still bullish and banking sector is likely to lead further rally. Nifty spot if manages to trade and sustain above 22620 level then expect some further upmove in the market and if it breaks and trade below 22560 level then some decline can be seen.

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The land holdings owned by Godrej & Boyce Manufacturing Company, part of Jamshyd Godrej-controlled Godrej Enterprises Group (GEG), in Vikhroli area of Mumbai can generate sales of over Rs 3 trillion if it goes for residential property development in the area.

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Residential properties are selling at upwards of Rs 30,000 per sq ft in Godrej’s projects in the vicinity. About 100 million sq ft of real estate could be developed on the land owned by Godrej & Boyce, according to estimates of industry experts.  Of the 3,400 acres owned by Godrej & Boyce in Vikhroli, about 1,000 acres can be developed while 1,750 acres has mangroves and cannot be developed because of environmental concerns. The balance 300 acres has been encroached upon.

One acre costs between Rs 70 crore and Rs 80 crore in Vikhroli. Hence, the land value of the Godrej & Boyce land parcel comes to Rs 80,000 crore.

The land parcel was acquired by the Godrej family in early 1940s from the Bombay High Court receiver. It was originally given by the East India Company to a Parsi merchant, Framjee Banaji, in the 1830s and came up for sale in 1941-42.

On Tuesday, the Godrej family announced the family settlement agreement between family members and division of assets and business between patriarch Adi Godrej and cousin Jamshyd Godrej.

After the split of businesses on Tuesday, Godrej Boyce and Godrej Properties, on Wednesday announced that the two companies will continue their memorandums of understanding executed from time to time, for development of land in Vikhroli owned by Godrej & Boyce, as and when Godrej & Boyce is desirous of developing the said land.