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Share Market Closing Note

Sensex rises over 300 pts, Nifty ends above 17,850; IT, pharma, metals top gainers

Market Live Updates: Among the sectors, buying was seen in IT, metals and financial stocks while selling was seen in realty and auto stocks

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Topic :- Time:3.00 PM

Nifty spot if hold above 17860 level on closing basis then expect some further upmove in the market in coming sessions and close below above mentioned level will result in some sluggish movement. Avoid open short positions for tomorrow.

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Topic :- Time:2.55 PM

LME INVENTORY:

COPPER DECREASED BY 1375

ALUMINIUM INCREASED BY 105550

NICKEL DECREASED BY 528

ZINC INCREASED 3825

LEAD UNCHANGED 

TIN DECREASED 15

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Topic :- Time:2.30 PM

SILVER Trading View:

SILVER is trading at 67830.If it manages to trade and sustain above 67900 level then expect some upmove in Silver and if it breaks and trade below 67760 level then some decline can follow in it.

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Topic :- Time:2.00 PM

Nifty is consolidating now. Nifty spot is trading at 17870. Once it cross and sustain above 17880 level then expect some quick upmove in the market and if it breaks and trade below 17840 level then some decline can be seen.

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Topic :- Time:1.50 PM

Just In:

$100-million opportunity: India, the largest producer of millets, exports only 1% of the output.

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Topic :- Time:1.50 PM

Just In:

$100-million opportunity: India, the largest producer of millets, exports only 1% of the output.

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Topic :- Time:1.15 PM

There is no movement in the market right now. Nifty spot if manages to trade and sustain above 17880 level then expect some upmove in the Nifty and if it breaks and trade below 17840 level then some decline can follow in the market.

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Topic :- Time:12.55 PM

Just In:

Paytm merchant payments volume rise by 44% YoY in Jan, no. of loans up by 103%.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 775.50. If it manages to trade and sustain above 776.20 level then expect some upmove in it and if it breaks and trade below 774.50 level then some decline can follow in it.

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Topic :- Time:12.15 PM

Just In:

Muthoot Finances Rs 500-crore NCD issue opens.

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Topic :- Time:12.00 PM

The RBI on Wednesday hiked repo rate, the rate at which it lends short-term funds to banks, by 25 bps.

Nifty spot if manages to trade and sustain above 17900 level then expect some quick upmove in the market and if it breaks and trade below 17840 level then some decline can follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 400pts; Paytm, Zomato zoom up to 6%, IT, metals firm

2. RBI Monetary Policy: Repo rate hiked by 25 bps, GDP forecast now at 7%

3. Turmoil in Adanis empire prompts Nomura, SMFG to disclose fund exposures

4. Vivad se Vishwas-II: Govt aims to settle 500 cases involving about Rs 1 trn

5. Centre now largest Vodafone Idea shareholder as firm gives it 33.4% stake

6. Indian startups fired 6,000 employees in Q3, says report

7. Polaris Smart Metering raises $100 mn in funding from I Squared Capital

8. Sebi to put onus of detecting price rigging, insider trading on brokers

9. Cement shares rally on hopes of GST cut; UltraTech, Ambuja gain 3%

10. Demat additions in Jan hit six-month high to take total past 110 mn

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 Share Market Closing Note

Sensex falls 200 points, Nifty above 17,700; autos, metals, FMCG top drags.

Most sectors ended in the red with minor gains in capital goods and realty sectors

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Topic :- Time:3.20 PM

Just In:

Sebi returns Go Digit General Insurance IPO papers.

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Topic :- Time:3.00 PM

Nifty spot if closes above 17720 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow in the market. Avoid open positions for tomorrow as RBI policy announcement is due.

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Topic :- Time:2.30 PM

ZINC Trading View:

ZINC is trading at 276.If it manages to trade and sustain above 276.40 level then expect some further upmove in it and if it breaks and trade below 274.50 level which is current support only then it is likely to show some decline.

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Topic :- Time:2.00 PM

Nifty spot is trading at 17712. If it manages to trade and sustain above 17740 level then expect some quick upmove in the market and if it breaks and trade below 17700 level then some decline can follow in the Nity.

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Topic :- Time:1.50 PM

Just In:

Adani Ports net profit down by 16% at ₹1,315.54 crore

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Topic :- Time:1.00 PM

Nifty is turning volatile now. Nifty spot if manages to trade and sustain above 17680 level then expect some upmove in the market and if it breaks and trade below 17640 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 773.If it manages to trade and sustain above 774.20 level then expect some upmove in it and if it breaks and trade below 771.80 level then some decline can be seen in it.

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Topic :- Time:12.00 PM

Nifty is trading in red zone however recovery cant be ruled out. Nifty spot if manages to trade and sustain above 17740 level then expect some quick gains in the market and if it breaks and trade below 17720 level then some decline can be seen. As off now buy from dips should be the intraday strategy in nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex at days low, down 100pts; FMCG index slips 1%

2. Vodafone Idea plans to get back in the game but fundraising a challenge

3. Rescuers scramble in Turkey, Syria after massive earthquake kills 4,000

4. Novatek in talks with Indian firms on LNG, may consider payment in rupees

5. Paytm hits over 3-mth high; surges 28% in 2 days on improved Q3 performance

6. Adani Transmission, Adani Wilmar, NDTV snap 8-day losing streak, surge 5%

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Topic :- Stocks under F&O ban on NSE

1. ADANIPORTS

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Topic :- Results on February 7

Bharti Airtel, Hero MotoCorp, Ambuja Cements, Adani Ports and Special Economic Zone, Adani Green Energy, NDTV, Aditya Birla Fashion and Retail, Astral, Barbeque-Nation Hospitality, Bharat Dynamics, Computer Age Management Services, Deepak Nitrite, Gujarat Fluorochemicals, GSK Pharma, Kalyan Jewellers India, Motherson Sumi Wiring India, Navin Fluorine International, NHPC, Phoenix Mills, Ramco Cements, Rashtriya Chemicals & Fertilizers, Sobha, Thermax, and Wonderla Holidays will be in focus on January 7 ahead of quarterly earnings.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 07 Feb,2023:

Nifty to turn volatile as the day progresses. Trade as per market direction.

Nifty spot if manages to trade and sustain above 17820 level then expect some upmove in the market and if it breaks and trade below 17700 level then some decline can follow in the Nifty.

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

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The daily turnover of the Global Forex market if taken together estimates at about 3 trillion US$. With this huge turnover the Global Forex market is bigger than any stock market of the world. There was a time when Forex trading was considered the forte of the financial institutions and corporate banks but of late it has become popular even with the retail investors. There are so many factors that have made Forex investment a preferred investment medium for the retail investors. The higher leverage, higher profit potential, round the clock trading hours – all these factors have been instrumental in making Forex trading so wide popular all over the world. As an investor if you want to get maximum profit from your investment at the Forex market, you need to have a comprehensive idea about the functioning of the Forex market. Here we are providing some insight into the world of Forex trading that you need to know as a Forex trader.

How to read the Forex quotes?

There are so many currencies that are traded at the Forex market but there are only seven currencies that are most widely traded all over the world and these currencies are USD, EUR, GBP, AUD, CAD, JPY and CHF. At the Forex market currencies are traded as a pair and the Forex quote is presented in the form of spread. That means your Forex broker offers you the price for buying and selling a currency pair. As a trader if you accept the quoted price the trade is executed at the Forex market by the broker. In the Forex quoted the symbols of the two currencies are presented along with the bid price and the ask price for the currency pairs.

How currencies are traded at the Forex Market?

Each currency pair has two different currencies. Among these two currencies one currency is called the base currency and the other is called the price currency. Generally as a trader you have to invest in the base currency and the value of the base currency will be calculated in relation with the price currency. For example if you are trading on EURUSD currency pair where the EUR is the base currency and the USD is the price currency. You will be investing for specific volume of EUR, let us say 1000 EUR. While buying you have to pay for the price of the 1000 EUR in your currency and the price will be calculated in the USD. When you will be closing the deal the valuation of 1000 EUR in USD will be the price. If the value of EUR increases in respect to USD you get the profit and if the value of the base currency decreases in relation to the price currency you will incur loss in the trade. This is the most fundamental and basic form of Forex trading and there are of course for many parameters and factors that come into play during Forex trading.

How to trade in the Forex market?

Once you accept the quote offered by your Forex broker, the trade is executed by the broker. This lets you trade at the Forex market without attending the trading floor of the Forex market. It makes it also possible to trade at the real time. In fact the online trading systems that are provided by the Forex brokers lets you keep watch on the live and streaming quotes of the currency pairs and then pick up the trades for investment. Moreover you need not have to pay for any transaction fee or brokerage for trading in the Forex market.

Ideal Forex trading strategy – Forex trading is done mostly as margin trading and in Forex trading you will get high leverage. That means with little deposits you can invest in huge valuation of currency pairs. This high leverage lets you trade in the Forex market for greater profits while investing comparatively small amount of money. In fact for some currency pairs that are most widely traded, some brokers offer a leverage of 100 times. That means with deposit of US$ 1000 you can trade for US$ 100,000. This is what makes it possible to earn a fortune at the Forex market. But you need to determine the optimum level of leverage that you can enjoy so that you gain most but loose as little as possible when the market swings.

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Share Market Closing Note

Market ends mixed amid wild swings on Budget day; FMCG stocks shine

ITC, ICICI Bank, JSW Steel, Tata Steel and Tata Consumer Products were among the top gainers on the Nifty, while losers were Adani Enterprises, Adani Ports, HDFC Life, SBI Life Insurance and Bajaj Finserv.

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Topic :- Time:3.00 PM

Todays fall is not due to Budget but due to following news:

Credit Suisse stops accepting bonds of Adanis group amid Hindenburg row.

Nifty will head towards 17200 in coming sessions investors should stay beware. 

Nifty spot if holds above 17420 level on closing basis then expect some pull back in coming session and if it closes below above mentioned level then some sluggish movement can further be observed. 

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Topic :- Time:2.00 PM

Nifty has lost of its earlier gains now. Nifty spot if breaks and trade below 17680 level then expect some further decline in it and if it manages to trade and sustain above 17700 level then some upmove can follow.

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 785.60. If it manages to trade and sustain above 786 level then expect some upmove in the market and if it breaks and trade below 784.80 level then some decline can follow in the Nifty.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 17960 level then expect some further upmove in the market and if it breaks and trade below 17920 level then some decline can be seen in the Nifty. Currently nifty is trading at 17934.

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Topic :- Time:12.50 PM

Tax Proposals in thr Finance Minister speech in Budget 2023*

Indirect Taxes

1. Customs duty on goods of textiles, toys, bicycle reduced from 21 to 13%

2. To promote Green Mobility - basic customs duty concession for lithium ion battery

3. To promote Electronics manufacture- relief on customs duty for camera lens and lithium battery  

4. Television - TV panels customs duty reduced

5. Electric kitchen chimney to reduce inverted duty structure from 7.5 to 15 percent

6. Benefit for ethanol blending program and acid program and epichlorohydrine

7  Marine Products- to promote exports - shrimps, etc. Duty on shrimpfeed reduced

8. Basic Customs duty reduced for seeds in manufacture for diamonds

9. Customs duty to increase in silver bars

10. Steel - concessional customs duty on  steel and ferrous products 

11. Copper - concessional customs duty on copper

12. Rubber - concessional customs duty on rubber

13. Cigarettes - increased tax 

Direct Taxes

1. Common IT form and grievance redressal system

2. MSME - avail benefit of presumptive taxation increased to 44AD to 3 crores

Professionals u/s 44ADA - 75 lakhs 

Provided receipt in cash doesnot exceed 5%

3. TDS only on payment for deduction

4.  Co-operatives tax -15%

Higher limit of 2 lakh per member for cash deposit in agricultural banks

Higher limit of Rs. 3 crores on TDS for cooperative societies

5. Startups

To avail startup benefits from 31-03-2023 to 31-03-2024

6. 100 new joint commissioners for appeal

7. S.54 to S.54F capped at 10 crores

8. TDS on Online gaming - 

9. TDS 30% to 20% on taxable portion of EPF

10. Extending funds for GIFT and IFSC

Personal Income Tax

1. Rebate for income upto 7 lakhs u/s 87A in the new tax regime

2. New tax regime from

0-3 lakhs nil

3-6 lakhs- 5%

6-9 lakhs 10%

9-12 lakhs 15%

12-15 lakhs  20%

Above 15 lakhs- 30 %

3. Standard deduction for new tax regime for Rs. 15.5 lakhs or more -52,500

4. Reduction of highest surcharge from 37% to 25% on new income tax regime

5. Limit on tax exemption for leave encashment is increased from 3,00,000 to 25,00,000

6. New income tax regime default regime

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 69826. If it manages to trade and sustain above 69900 level then expect some quick upmove in it and if it breaks and trade below 69700 level then some decline can follow. Good buy will be from around 69300 level. Buy on dips recommended for now.

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Topic :- Time:12.00 PM

We are in the last leg of the budget announcement now. Expect some wild swings now. Nifty spot if manages to trade and sustain above 17820 level then expect some upmove in the market and if it breaks and trade below 17760 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex gains 400 pts, Nifty around 17,750; banks gain, oil & gas stocks drag

2. FM Nirmala Sitharaman presents Union Budget 2023

3. Manufacturing PMI falls to 55.4 in Jan from 57.8 in Dec, hiring near pause

4. US, India seek joint production of GE jet engines amid push for closer ties

5. Adani groups stock slump worsens as key share sale fails to lift mood

6. Income tax department conducts survey action against drug major Cipla

7. India imported more Russian crude oil than ever in January, shows data

8. Indian Hotels soars 7% on heavy volumes backed by strong Q3 show

9. Adani Enterprises Rs 20,000-crore FPO sails through Hindenburg storm

10. Escorts Kubota rises 16.5% YoY on strong tractor sales data in January

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 Feb,2023:

Finance Minister Nirmala Sitharaman will present Budget 2023 today. Expect nifty to react as per news and developments. Nifty to remain highly volatile.

Nifty spot if manages to trade and sustain above 17720 level then expect some upmove in the market and if it breaks and trade below 17620 level then some further decline can follow in the Nifty.

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

Benchmark indices ended on positive note in yet another volatile session on January 31.

At Close, the Sensex was up 49.49 points or 0.08% at 59,549.90, and the Nifty was up 13.20 points or 0.07% at 17,662.20.  About 2368 shares have advanced, 1026 shares declined, and 131 shares are unchanged. 

M&M, SBI, UltraTech Cement, Adani Ports and Adani Enterprises were among the top gainers on the Nifty, while losers were Bajaj Finance, TCS, Tech Mahindra, Britannia industries and Sun Pharma.

Except IT, pharma and oil & gas, all other sectoral indices are trading in the green. 

The BSE midcap index gained 1.4 percent and the smallcap index rose 2.2 percent.

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Topic :- Time:3.00 PM

Tomorrow its the Budget day.Either avoid open positions for tomorrow or stay long in the market. Nifty spot if manages to trade and close above 17620 level then some further upmove can be seen in the Nifty in coming sessions and close below above mentioned level will result in some sluggish movement. 

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6320.If it breaks and trade below 6300 level then expect some decline in it and if it manages to trade and sustain above 6345 level then some upmove can follow in Crudeoil.

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Topic :- TIme:2.15 PM

Just In:

Tech Mahindras budgeting, hiring and operational metrics to be reviewed monthly: CEO CP Gurnani

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Topic :- Time:2.00 PM

Nifty is volatile now. Nifty spot if manages to trade and sustain above 17680 level then expect some further upmove in the market and if it breaks and trade below 17620 level then some decline can follow in the market. Currently nifty is trading at 17652.

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Topic :- Time:1.10 PM

Nifty is likely to turn volatile now. Nifty spot if breaks and trade below 17600 level then expect some decline in the market and if it manages to trade and sustain above 17640 level then some upmove can follow in the Nifty.

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Topic :- Time:12.30 PM

 In a bid to ensure safety of retail investors money, Indian bourses have lowered circuit limit of three Adani group stocks. As per the information available on BSE and NSE website, Indian bourses have lowered circuit limit of three Adani group stocks � Adani Transmission, Adani Green Energy and Adani Total Gas from 20 per cent to 10 per cent. BSE, NSE took this decision after heavy beating of the Adani stocks in last three sessions after shot seller Hindenburg Research raised concern over debt positioning of Adani group companies.

So, after revision of circuit limit, Adani Transmission share price today would have upper circuit limit at ₹1,881.10 apiece on BSE whereas it would have lower circuit limit placed at ₹1,539.10 levels. Adani Transmission share price had ended at ₹1693.15 apiece on BSE, losing to the tune of 15 per cent on Monday session.

Likewise, after lowering of circuit limit from 20 per cent to 10 per cent, Adani Green Energy share price today would have upper price band placed at ₹1,306.45 apiece on BSE whereas it would have lower price band fixed at ₹1,068.95 levels on the same bourse. Adani Green Energy share price had ended at ₹1187.70 apiece on BSE on Monday session.

Similarly, after revision of circuit limit, Adani Total Gas share price will have upper circuit limit at ₹2,582.40 apiece on BSE whereas it will have lower circuit limit at ₹2,112.90 on Tuesday session. Adani Total shares had closed at ₹2347.65 apiece levels on Monday session on BSE.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 778.If it holds below 780.50 level then expect some decline in it and if it manages to trade and sustain above 780.50 level then some upmove can follow.

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Topic :- Time:12.00 PM

News Wrap Up:

1. Sensex, Nifty steady in red; auto, metals firm, SBI gains 3%

2. Women empowerment core of all schemes introduced by govt, says Prez

Economic Survey

3. Economic survey likely to peg 2023-24 growth at slowest in 3-yrs: Report

4. India, China likely to drive half of 2023 global growth, says IMF

5. Adanis $2.5 bn FPO faces critical final day amid Hindenburg turmoil

6. Gautam Adani now no longer among worlds top 10 richest billionaires

7. Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF

8. Ashish Kacholia to buy over 5% stake in this SME firm; stock soars 14%

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Topic :- Time:11.00 AM

Nifty is trading highly volatile today due to upcoming budget. Nifty spot if breaks and trade below 17560 level then expect some further decline in the market and if it manages to trade and sustain above 17600 level then some upmove can follow.

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The market succumbed to major selling pressure on January 27, with the benchmark indices falling nearly 2 percent despite a positive trend in global peers, as participants turned cautious ahead of key events next week – Union Budget 2023 and the US Federal Reserve meeting.

Bears took a strong lead for a second consecutive session, which resulted in a loss of Rs 11.75 lakh crore of wealth during 2 sessions, as the BSE market capitalisation fell from Rs 280.39 lakh crore, to 268.64 lakh crore as of 14:46 hours IST.

The mayhem

At the same time, the BSE Sensex plunged 1.93 percent, or 1,160 points, to 59,045, while the Nifty50 tanked 2.1 percent, or 375 points, to 17,517.

All sectors, barring Auto, participated in the correction with Energy, Utilities, Oil & Gas, and Power indices being the major losers, falling 6-7 percent. Bank, Capital Goods and Commodities were down between 2 percent and 3 percent.

Most experts feel this is a general trait of the market wherein it drastically corrects before the Budget, followed by a sharp recovery post Budget. Hence, we need to closely watch the market mood going ahead.

Another event to watch out for would be the outcome of the FOMC meet scheduled on February 1 late night. Fed officials have already warned of aggressive rate hikes to reduce inflation further, though experts feel we are close to the end of the rate hike cycle.

What the Budget 2023-24 entails?

Most experts believe the Budget will take a balanced approach towards fiscal consolidation and economic growth while focusing more on capital expenditure on infrastructure (including defence, railway, roads etc), widening production-linked incentive schemes for more sectors, boosting rural demand and divestment targets.

Any tweak to capital gains tax or its tenure structure would also be keenly watched by the Street.

"Higher allocation to capital expenditure; increase in allocation for PLI scheme to select manufacturing segments; higher MNGREGA allocation given the sluggish rural economy; changes income tax slab to provide relief to the middle class in an inflationary environment; and focus on the monetization of non-core assets of public sector and central government entities to invest in Railways and other logistics infrastructure are likely policy measures in the Budget to boost economic growth," Gaurav Dua, Head of Capital Market Strategy at Sharekhan by BNP Paribas said.

Among stocks, Adani Green Energy, Adani Total Gas, Adani Transmission and Dixon Technologies were the biggest losers in the Nifty500 as all of them were locked in the 20 percent lower circuit. Further, Adani Ports, Ambuja Cements, Adani Enterprises, ACC and Indus Towers cracked 13-18 percent.

In the Nifty50, apart from Adani Ports and Adani Enterprises, State Bank of India, and ICICI Bank were key losers falling more than 4 percent, dragging the Bank Nifty near the psychological 40,000 mark as breaking which can bring more selling pressure in the market.

Among others, BPCL, ONGC, Asian Paints, IndusInd Bank, Hindalco Industries, HDFC, Axis Bank, Coal India, HDFC Bank, and Kotak Mahindra Bank corrected 2-3 percent.

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Share Market Closing Note

Benchmark indices ended lower on January 27 with Nifty around 17,600.

Adani Enterprises, Adani Ports, SBI, ICICI Bank and IndusInd Bank were among the biggest losers on the Nifty, while gainers were Tata Motors, Bajaj Auto, Dr Reddys Laboratories, ITC and Divis Laboratories.

PSU Bank, oil & gas, power and metal indices down 4-6 percent.

The BSE midcap index shed 1.2 percent and smallcap index declined 1.8 percent.

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Topic :- Time:3.00 PM

Market is in the grip of panic and is reacting to Adani group outcomes. No one position to be carried for Monday. 

Nifty spot if holds above 17480 level on closing basis then some pull back can be seen however overall right now trend is sell from rise. So stay cautious.

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Topic :- Time:2.50 PM

Just In:

1. 7 Adani stocks fall up to 23%, lose ₹2.83 L cr in m-cap on Hindenburg report

2. SEBI increases scrutiny of Adani group after report of Hindenburg Research

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6673.If it manages to trade and sustain above 6705 level then expect some upmove in it and if it breaks and trade below 6640 level then some decline can follow in Crudeoil.

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Topic :- Time:2.00 PM

Its panic and panic allaround. Investors are in panic mode now. Nifty spot if breaks and trade below 17500 level then expect some further decline in the market and if it manages to trade and sustain above 17560 level then some upmove can follow. Still trend will remain sell from rise.

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Topic :- Time:1.40 PM

Just In:

Adani Group stocks take a beating on research firm Hindenburgs report projecting an 85% downside in the groups stocks. 

The group has lost an m-cap worth ₹4 lakh crore over the past 2 days. 

Adani Transmission 20% Down.

Adani Total 20% Down.

Adani Green 20% Down.

Adani Wilmar Low Lower.

Adani Power Low Lower.

Adani Ports 15% Down.

Adani Enterprises 10 % Down.

Adani Take Over Cos.

ACC 10% Down.

Ambuja 15 % Down.

NDTV Low Lower.

Adani group dragging down market

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 788.75. If it holds below 790.50 level then expect some decline in it and it is likely to fall towards 785-783 levels and once it manages to trade and sustain above 790.50 level then it is likely to move up.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 17600 level then expect some upmove in the market and if it breaks and trade below 17540 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 68670.If it manages to trade and sustain above 68750 level then expect some upmove in it and if it breaks and trade below 68600 level then some decline can follow in Silver.

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Topic :- Time:12.00 PM

Nifty is in deep red and it will not end here. Investors say away its time for day trading more fall expected in coming days. Stay cautious.

Nifty spot if breaks and trade below 17620 level then we will head towards 17200-17000 levels in coming days.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex down 750 pts; auto, pharma stks firm, HDFC sinks 3%

2. Tatas Air India to seal half of jumbo plane order of 495 jets

3.  India-made 4G, 5G technology stacks may go global during G20 meet

4. Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack

5. India to move to T+1 settlement from Friday

6. ITC gains nearly 3%, hits over two-month high in weak market

7. Tata Motors surges 6%, hits over 4-month high on strong Q3 performance

8. US economy shows signs of slowdown after growing 2.9% last quarter

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 27 Jan,2023:

Nifty is likely to turn volatile as the day progresses. Traders are advised to trade with cautious approach.

Nifty spot if manages to trade and sustain above 17960 level then expect some upmove in the market and if it breaks and trade below 17840 level then expect some decline 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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Nifty is approaching near to its expiry now. Nifty spot if manages to trade and sustain above 18140-18160 levels then expect some upmove in the market and if it breaks and trade below 18100 level then some decline can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 100 pts, Nifty near 18150; broader indices in red

2. SpiceJet announced sales on flight tickets ahead of Republic Day, a release by the airline stated.

3. Welspun Corp shares rise nearly 4% after bagging contracts in Saudi Arabia

4. Twitter sued over failure to pay Dec rent on San Francisco headquarters

5. India bluechips to shift to worlds fastest settlement cycle T+1 this week

6. NSE, ex-chiefs Ramkrishna, Narain get SAT relief in colocation case

7. Tata Motors reducing discounts on trucks to improve margins

8. Zomato stops 10-minute food delivery offering, CEO announces 800 job posts

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 24 Jan,2023:

Nifty to turn volatile S the day progresses. Global cues to act as trend decider.

Nifty spot if manages to trade and sustain above 18160 level then expect some upmove in it and if it breaks and trade below 18080 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.