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Share Market Closing Note
Sensex down 200 pts, Nifty at 21,400; realty drags, pharma gains:
Indian benchmark indices broke 3-day winning run and ended in the red with Nifty around 21,400.
Top losers on the Nifty were Power Grid Corporation, JSW Steel, ICICI Bank, ITC and ONGC, while gainers were Bajaj Auto, Adani Ports, Sun Pharma, Hindalco Industries and Reliance Industries.
Among sectors, pharma index up 1 percent, capital goods index up 0.7 percent, while realty index down 1 percent and bank index down 0.5 percent
Broader indices outperformed the main indices with BSE Midcap index rose 0.3 percent and smallcap index gained 0.5 percent.
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Topic :- Time:3.00 PM
Nifty spot if manages to close above 21440 level then expect some pull back in coming sessions and if it closes below above mentioned level then some sluggish move is further expected in the market. Avoid open positions for tomorrow.
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Topic :- Time:2.30 PM
SILVER Trading View:
SILVER is trading at 74675. If it manages to trade and sustain above 74760 level then expect some upmove in it and if it breaks and trade below 74550 level then some decline can be seen in Silver.
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Topic :- Time:2.20 PM
Just In:
NSE has to be glitch-free for at least a year to get IPO approval, says SEBI
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Topic :- Time:2.15 PM
Just In:
TCS hits 52-week high on partnership with Switzerlands SIX to modernise its post-trade platform
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Topic :- Time:2.00 PM
Nifty is still rangebound and is waiting for some cues to show further movement. Overall trend is up so all dips should be used as an opportunity to go long. Good stock specific action expected now.
Stocks to watch out for
1. Dlf
2. Sbin
3. Jindalstel
4. Indhotel
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Topic :- Time:1.40 PM
Just In:
RIGHT BEFORE LIQUIDATION
Go First creditors get last-minute interest from two overseas bidders, SpiceJet.
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Topic :- Time:1.20 PM
Just In:
Bonus Shares: Sandur Manganese to issue five free shares for every one held
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Topic :- Time:1.05 PM
Just In:
Yes Bank shares hit 52-week high.
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Topic :- Time:1.00 PM
Completely rangebound market right now. Nifty spot if manages to trade and sustain above 21460 level then expect some upmove in the market and if it breaks and trade below 21420 level then some decline can be seen in the Nifty.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 723.80.If it manages to trade and sustain above 724.70 level then expect some upmove in it and if it breaks and trade below 722 level then some decline can be seen in the Copper.
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Topic :- Time:12.00 PM
Nifty is trading sideways and VIX is increasing now. Nifty spot if manages to trade and sustain above 21490 level then expect some upmove in the market and if it breaks and trade below 21430 level then some decline can follow. Currently Nifty spot is trading at 21451.
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Topic :- Time:11.50 AM
Just In:
Ambuja Cements to invest ₹6,000 crore in renewable power projects in Gujarat and Rajasthan
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex rises 50 points, Nifty above 21,460
2. Banks may share more defaulters info to stop whipping boys cries
3. TVS in talks with an insurance star for a stake
4. Muthoot Microfins Rs 960-crore IPO opens
5. Mid-cap MF gave 29.2% returns in 3 yrs
6. Borrowing costs rise for NBFCs
7. Telecom Bill to be tabled today in LS
8. Ambuja Cements unveils Rs 6K cr green plan
9. Suraj Estate Developers to continue to focus on luxury segment, reduce debt
10. Sugar stocks to get sweeter as India reverses sugarcane juice ban for ethanol
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 18 Dec,2023:
IPO boom is going on and many companies are coming up with IPOs. Retails clients are also getting tempted to apply for it due to recent huge returns by most of the new listings.
Sentiments are still positive and one should use dips for going long.
Nifty spot if manages to trade and sustain above 21480-21500 levels then expect some further upmove in the market and if it breaks and trade below 21400 level then some decline can be seen in the Nifty.
Please note this is just opening view and should not be considered as the view for the whole day.
Keep on checking this section during live trading hours for live updates related to Nifty, Stocks and Commodities.