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Market Wrap Up For 03 Jan,2024

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Share Market Closing Note


Sensex slumps 535 pts, Nifty settles below 21,550; Bajaj Auto surges 5%, top gainer:


At close, the Sensex was down 535.88 points or 0.75 percent at 71,356.60, and the Nifty was down 139.60 points or 0.64 percent at 21,526.20.

About 1917 shares advanced, 1390 shares declined, and 79 shares unchanged.


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Topic :- Time:3.00 PM


Nifty spot if manages to hold above 21500 level on closing basis then expect some pull back in the market tomorrow and if it closes below above mentioned level then some sluggish move may continue to happen.

One can take IRCTC as BTST from here.


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Topic :- Time:2.45 PM


Just In:

Bajaj Autos board is set to deliberate on a share buyback in the scheduled meeting on January 8, as disclosed to the exchanges on January 3.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 5840.If it manages to trade and sustain above 5860 level then expect some upmove in it and if it breaks and trade below 5800 level then some further decline is possible in Crudeoil.


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 73739.  If it manages to trade and sustain above 73840 level then expect some upmove in it and if it breaks and trade below 73600 level then some decline can be seen.


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Topic :- Time:1.10 PM


Just In:

Truth has prevailed, says Gautam Adani after SC judgment


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Topic :- Time:1.00 PM


Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 21580 level then expect some upmove in it and if it breaks and trade below 21540 level then some decline can be seen in it.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 729. If it manages to hold above 726.50 level then expect some quick upmove in it and is likely to test 733-734 levels soon and once it breaks and trade below 726.50 level then some decline can follow in it.


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Topic :- Time:12.10 PM


Just In:

Adani-Hindenburg case: Supreme Court tells SEBI to see if the US short seller broke any Indian law


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Topic :- Time:12.00 PM


After negative start nifty is still trading in red zone. Nifty spot if breaks and trade below 21540 level then some decline can be seen in the market and if it manages to trade and sustain above 21600 level then some upmove can follow in the Nifty.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex dips 300 pts; Adani stocks soar post SC verdict

2. Adani Group stocks surge up to 11% after SC dismisses pleas for further probe in Hindenburg case

3. Bumper Listing | Shri Balaji Valve debuts at double the IPO price

4. Warburg Pincus-backed NBFC Avanse taps 6 bankers to launch Rs 4,000-cr IPO 

5. Indias manufacturing PMI hits 18-month low of 54.9 in December

6. Sumitomo may exit Samvardhana Motherson, hires banker for Rs 10,000-cr deal

7. Indian banks too quick to rejig rates with RBI tweaks

8. Indias Dec palm oil imports hit 4-month high as sun oil doubles-dealers

9. Obstructing closure of metro doors may cost you Rs 10,000, warns DMRC

10. Hotel stay in India may cost you 7-10% more in 2024, 15% in Delhi, Mumbai


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FPIs pour Rs 68,663 cr in debt instruments in 2023, turn positive after 3 years

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FPI investment in debt remained positive in all months of 2023 except in March, which experts attributed to year-end outflows.

Investments by foreign portfolio investors (FPI) in debt instruments turned positive in 2023 after three years due to attractive yields and the upcoming inclusion of Indian bonds in JPMorgan’s index, experts said.

FPI investment in debt stood at Rs 68,663 crore in 2023 compared to Rs 15,911 crore of outflows in 2022, according to data from the National Securities Depository Ltd. The last time debt investments by FPI were positive was in 2019 when inflows stood at Rs 25,882 crore, the data showed.

The FPI investment in debt in 2023 is also the highest since 2017 when it was about Rs 1.49 lakh crore in positive inflows.

“Globally, policy rates will start tapering down, so bond yields in emerging economies will be more attractive to investors. Also, inclusion in the JPMorgan index has been a major driver of FPI inflows in debt,” said Ajay Manglunia, managing director and head of investment group at JM Financial.

Venkatakrishnan Srinivasan, founder of Rockfort Fincap, said key reasons for the positive inflows in debt are the attractive yields on Indian debt instruments as the spread between US treasury and Indian government bond yields widen, improved economic outlook, currency stability, favourable regulatory changes, and improved market sentiment.On September 22 JPMorgan said that it would include Indian government bonds in its widely tracked emerging market index starting June 28, 2024. The inclusion of India’s sovereign bonds could potentially draw $30 billion of foreign inflows into the country.

Investments by FPIs in debt remained positive in all months of 2023 except March, which experts attributed to year-end outflows. FPIs pulled out Rs 2,505 crore from Indian debt instruments in March 2023.

Impact on bond yields

The FPI inflows helped yields on 10-year benchmark bonds to remain in the range of 7.15-7.45 percent. At the start of 2023, the yield on Indian bonds, especially the 10-year benchmark, was in the range of 7.00-7.44 percent due to higher inflation and rate increases by the Reserve Bank of India, experts said.

The yields started falling in April after the central bank paused rate hikes due to better economic conditions and a lower inflation trajectory. At that time, the yield on the 10-year benchmark bond fell to below 7 percent from 7.44 percent.

In July, the yields started going up gradually, which experts said was due to expectations of more interest rate hikes by the US Federal Reserve and the RBI’s announcement of Incremental Cash Reserve Ratio (I-CRR) to drain out liquidity, among other factors.

Manglunia said the inclusion in the JPMorgan index may result in demand for sovereign bonds exceeding supply, which may lead to a moderation in yields.

Expected inflows in 2024

Money market dealers expect $25 billion to $27 billion to be invested in Indian bonds after the inclusion of Indian government securities in JPMorgan’s Government Bond Index-Emerging Markets. Based on this, Manglunia expects FPI investment in debt to remain positive in 2024.

Srinivasan said in 2024, this trend could potentially attract more foreign investment to India, provide greater liquidity to its bond market, and contribute to the country's economic growth.

Nifty Trading Wrap Up For 2 Jan,2024

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Share Market Closing Note


Nifty around 21,650, Sensex down 379 pts; pharma outperforms:


Benchmark indices ended lower on January 2 with Nifty around 21,650.


At close, the Sensex was down 379.46 points or 0.53 percent at 71,892.48, and the Nifty was down 76.10 points or 0.35 percent at 21,665.80. About 1691 shares advanced, 1631 shares declined, and 72 shares unchanged.


Top loser on the Nifty were Eicher Motors, M&M, UltraTech Cement, L&T and Kotak Mahindra Bank, while gainers were Coal India, Adani Ports, Sun Pharma, Divis Labs and Cipla.


Among sectors, pharma index up 2.5 percent, while auto, realty, capital goods, bank and Information Technology down 1 percent each.


BSE Midcap and Smallcap indices ended on a flat note.


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Topic :- Time:3.20 PM


Just In:

Coal Ministry reports 12.47% rise in cumulative coal production in FY 23-24 till December


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Topic :- Time:3.00 PM


Nifty is giving some signs of recovery tomorrow however its not safe to carry open positions. Nifty spot if holds above 21620 level on closing basis then some pull back can be seen and close below 21620 will result in some more pain in the market.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6094. If it breaks and trade below 6040 level then some decline can be seen in it and if it holds above 6040 level then it will move for 6160-6180 levels soon.


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Topic :- Time:2.30 PM


Nifty is trading sideways and is not showing much movement. Lows should be used to go long for now. Nifty spot if manages to trade and sustain above 21640 level then expect some bounce back in the market and below 21600 level some decline can be seen. Currently Nifty spot is trading at 21628.


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Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 63565. If it manages to trade and sustain above 63600 level then expect some quick upmove in it and if it breaks and trade below 63480 level then some decline can follow in it.


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Topic :- Time:1.25 PM


Just In:

Vodafone Idea issues clarification, says not in any talks with Elon Musks Starlink


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Topic :- Time:1.00 PM


Nifty is trading volatile in a range. Nifty spot is trading at 21602. If it breaks and trade below 21580 level then expect some further decline in the market and if it manages to trade and sustain above 21620 level then some upmove can be seen.


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Topic :- Time:12.50 PM


Just In:

Japan hit by 155 quakes, at least 12 dead confirmed.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 732.70. If it manages to hold above 730 level then expect it to test 736-737 levels quite soon and if it breaks and trade below 730 then some decline can be seen in it.


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Topic :- Time:12.00 PM


Nifty is trading volatile and is in deep red. For now highs should be used for going short. Nifty spot if breaks and trade below 21580 level then expect some further fall in the market and if it manages to trade and sustain above 21620 level then some upmove can be seen in the market.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex sinks 600 pts, Nifty at 21600; Pharma bucks trend

2. HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment

3. India Inc billionaire promoter club: Count swells to record 152 in 2023

4. India hikes windfall tax on crude oil, reduces tax on ATF and diesel

5. Amid JN.1 scare, India logs 573 new Covid-19 cases, 2 deaths in last 24 hrs

6. Vedanta Resources faces investor reckoning over $3.2 billion of bonds

7. Pakistan likely to get $700 mn from IMF

8. LIC gets Rs 806-crore GST demand notice

9. Bitcoin tops $45k for 1st time since Apr22

10. Onion export ban may be lifted


Nifty Wrap Up For 01 Jan,2024

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Share Market Closing Note


Nifty below 21,700, Sensex down 170 pts; mid, smallcap outperform:


On the sectoral front, healthcare, FMCG, oil & gas, PSU Bank ended in the green, while some selling is seen in the auto and banking names.


Indian benchmark indices ended lower in the highly volatile session on January 1 with Nifty below 21,700.


Nestle India, Adani Enterprises, Adani Ports, Tech Mahindra and Wipro were among the top gainers on the Nifty, while losers included Eicher Motors, Bharti Airtel, M&M, Bajaj Auto and HDFC Bank.


On the sectoral front, healthcare, FMCG, oil & gas, PSU Bank ended in the green, while some selling is seen in the auto and banking names.


Broader indices outperformed the main indices, with BSE Midcap and Smallcap added 0.5 percent each.


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Topic :- Tme:3.00 PM


Once again nifty tested all time high but with low volume today. Sentiments are still bullish and we can see more upmove in coming sessions followed by minor correction. 


Nifty spot if manages to hold and close above 21780 level then expect some further upmove in coming sessions and close below above mentioned level will result in some sluggish movement.


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Topic :- Time:2.40 PM


Just In:

Balrampur Chini sees ₹25 crore extra income from C-heavy molasses price increase


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Topic :- Time:2.30 PM


SILVER Trading View:

SILVER is trading at 74362. If it manages to trade and sustain above 74400 level then expect some upmove in it and if it breaks and trade below 74280 level then some decline can be seen in it.


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Topic :- Time:2.25 PM


Just In:

Auto Sales In December 2023: Maruti Suzukis Sales Cross 20 Lakh-Mark In Calendar Year 


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Topic :- Time:2.20 PM


Stock Trading View:

PVR INOX future is trading at 1676. If it manages to trade and sustain above 1678 level then expect some good upmove in it and it is likely to test 1690-1700 levels in 1-2 sessions and if it breaks and trade below 1660 level then some decline can be seen in it.


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Topic :- Time:2.00 PM


Finally nifty is gaining momentum and is moving high on the first trading session of 2024. Nifty spot if manages to trade and sustain above 21800 level then expect some further upmove in the market and if it breaks and trade below 21740 level then some decline can be seen.


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Topic :- Time:1.30 PM


NATURALGAS Trading View:

NG is trading at 214.40. If it manages to trade and sustain above 214.60 level then expect some further upmove in it and if it breaks and trade below 213.80 level then some decline can follow in Naturalgas. Trade in less quantity due to less movement today.


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Topic :- Time:1.20 PM


Just In:

Karur Vysya Bank Business Update: Total deposits up 12.8%, advances up 17.1% YoY


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Topic :- Time:1.10 PM


Just In:

1. Covid cases in India : Karnataka records 922 Covid cases this week, Mysore Zoo takes precautions to stop spread.


2. Tsunami warning issued as magnitude 7.4 earthquake hits Japan


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Topic :- Time:1.00 PM


Nifty is trading flat due to lack of trigger and less volume. Nifty spot if manages to trade and sustain above 21755 level then expect some upmove in the market and if it breaks and trade below 21720 level then some decline may follow. Avoid big trades due to no movement.


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Topic :- Time:12.50 PM


Just In:

Zomato hits highest orders in a day on New Years Eve, delivery partners receive over ₹97 lakh in tips


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Topic :- Time:12.45 PM


Just In:

HUL signals first steps to regain market share from small players


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 731.50.If it manages to trade and sustain above 732 level then expect some upmove in it and if it breaks and trade below 730 level then some decline can be seen in the market.


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Topic :- Time:12.00 PM


Market is trading flat most of the global major markets are closed today. MCX will close today at 5.00 PM.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex starts 2024 flat, falls over 100 points

2. Bajaj Auto logs 16% Y-o-Y boost in Dec sales on high domestic demand

3. All but pvt banks rise in trade; JBM Auto up 11%, Vi 8%

4. BHEL rallies 5% on reports of outbidding L&T in NLCs Rs 19,422-cr Odisha project

5. Vodafone Idea shares extend rally, rise 10% on talks of equity infusion

6. Delhi govt to extend its electric vehicle policy for another three months


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 01 Jan,2024:


Sharetipsinfo wishes everyone a very Happy and Prosperous new year. Lets welcome Year 2024 on high note and make it a highly profitable year.


On Monday, expect less volume and movement in the market. Stock specific action will be there.


Nifty spot if manages to trade and sustain above 21780 level then expect some upmove in the market and if it breaks and trade below 21680 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.


Kindly visit this section during live trading session for more updates.


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Nifty Trading Wrap Up For 26 Dec,2023:

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 Share Market Closing Note


Nifty at 21,450, Sensex up 230 pts; metal, power shine, IT drags:


Benchmark indices ended higher for the third consecutive session on December 26 with Nifty at 21,450.


At close, the Sensex was up 229.84 points or 0.32 percent at 71,336.80, and the Nifty was up 91.90 points or 0.43 percent at 21,441.30. About 2063 shares advanced, 1325 shares declined, and 109 shares unchanged.


Biggest Nifty gainers were Divis Laboratories, Hero MotoCorp, Adani Enterprises, Hindalco and NTPC, while losers were Bajaj Finance, Bajaj Finserv, Infosys, TCS and Tata Motors.


Except Information Technology, all other sectoral indices are trading in the green with oil & gas, power, metal, auto, healthcare gained 1 percent each.


BSE midcap index added 0.7 percent and smallcap index up 0.5 percent.


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Topic :- Time:3.00 PM


Nifty spot is trading at 21434. If it holds above 21380 level on closing basis then expect some further upmove in the coming days and if it closes below above mentioned level then some sluggish move can follow in the market. Avoid open positions for tomorrow.


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Topic :- Time:2.50 PM


Just In:

BharatPe logs nearly 3X revenue growth in FY23.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6138. If it manages to hold above 6100 level then expect it to rise till 6180-6190 levels and once it breaks and trade below 6100 level then some decline can be seen in it.


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Topic :- Time:2.15 PM


Just In:

Laurus Labs shares hit 52-week high, surge over 14% this year, so far


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Topic :- Time:2.00 PM


Nifty is volatile in a range and index options are showing premium decay only. Nifty spot if breaks and trade below 21420 level then expect some decline in the market and if it manages to trade and sustain above 21460 level then some upmove can further follow. Wait for next move before taking big positions.


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Topic :- Time:1.55 PM


Just In:

The Union Cabinet proposed the highest-ever budget allocation for the nations sports sector, totaling Rs 3,397.32 crore�an impressive surge from the previous fiscals Rs 3,062 crore.


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Topic :- Time:1.40 PM


Just In:

REGULATORY SCRUTINY


Co-operative banks navigate choppy waters as RBI turns up heat


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 75570. If it manages to trade and sustain above 75620 level then expect some upmove in it and if it breaks and trade below 75500 level then some decline can be seen in it.


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Topic :- Time:1.10 PM


Just In:

HFCL stock zooms 26% in less than a month, up 300% in last 3 years.


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Topic :- Time:1.00 PM


Nifty is trading highly volatile now in a range. Nifty spot if manages to trade and sustain above 21460-21480 levels then expect some further upmove in the market and if it breaks and trade below 21418 level then some decline can follow in it.


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Topic :- Time:12.40 PM


Just In:

Bitcoin jumps 160% in 2023 amid roller coaster ride.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 733.90. If it manages to trade and sustain above 734.50 level then expect some upmove in it and if it breaks and trade below 732.50 level then some decline can follow in it.


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Topic :- Time:12.15 PM


Just In:

Navy to commission indigenous stealth-guided missile destroyer INS Imphal in Mumbai today.


INS Imphal is regarded as one of the most potent and lethal warships to have been constructed in India. It is named after a city in the northeastern state of Manipur.


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Topic :- Time:12.00 PM


Vix is rising however nifty is trading with good gains right now. Nifty spot if manages to trade and sustain above 21480 level then expect some further upmove in the market and if it breaks and trade below 21450 level then some decline can follow in it.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex jumps 350 points, Nifty above 21,450

2. Indias smart moves put China cos between a rock & a hard place

3. Interim Budget: EV makers may get a good news

4. Motisons Jewellers shares lists at 98% premium

5. FIIs spend Rs 41K cr on old economy stocks

6. Paytm looks to rationalise employee costs by revising hiring strategy

7. Muthoot Microfin lists at Rs 275, down over 5% from IPO price

8. Adani Green shares open 3% higher ahead of todays board meet to raise funds

9. Infosys stock falls on $1.5 billion global deal termination

10. JSW Energy gains 2% as subsidiary starts commissioning of 810 MW wind power project


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 26 Dec,2023:


Sharetipsinfo team wishes every one Merry Christmas. May coming year bring happiness and prosperity in everyones life.



Expect less volume now till 2 Jan 2024. Retail trades will guide market now till this date.


Nifty is likely to remain volatile in a range with good stock specific action. 


Nifty spot if manages to trade and sustain above 21380 level then expect some upmove in the market and if it breaks and trade below 21280 level then some decline can follow.


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


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Reverse merger with Go First can end all SpiceJet woes

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If the EoI is accepted, SpiceJet will get access to the data room of Go First, which could help the Ajay Singh-led airline to benchmark its own current situation and what its future would be like.


SpiceJet, which recently announced a fund infusion of Rs 2,250 crore, has requested the Resolution Professional of Go First to allow it to submit EoI (Expression of Interest) so that it can submit a credible revival plan with a definite timeline for the grounded airline. SpiceJet shared this information with the BSE Ltd after news reports indicating SpiceJet’s interest made rounds yesterday.


For an airline that is struggling to stay afloat, is fighting multiple cases including those which have been filed for insolvency and also locked in a bitter battle over payments to Marans - the past owners, the interest in a carrier which is grounded and has no real asset is full of surprise.


The fund infusion is less than the accumulated losses just since COVID started and does not help in improving its net worth which has been negative for a long. Under such circumstances to take up another liability is a proposition which cannot be justified, yet the share price was up over 4 percent at midday today on the BSE.



SpiceJet has its own troubles



Nearly half the fleet of SpiceJet has been grounded and it has struggled on every front, from On Time Performance to slot utilisation and payment of salaries to mandatory government dues. Amidst this, if the airline expresses interest for an airline which has been grounded since May and has no aircraft on its own books, is locked in a battle with lessors for maintenance – it raises eyebrows like no other.


SpiceJet’s slump sale of its cargo arm and fund infusion, which was announced but not completed, has not had a large impact on operations. The airline is yet to induct MAX aircraft, the order which still reflects with Boeing but has seen little progress. Only one of its lessors agreed to its offer of converting dues to equity and others remain engaged for either unreached settlement or court cases.


Data is the new oil


If the EoI is accepted, SpiceJet will be given access to the data room of Go First as part of due diligence. Amongst other things these would show liabilities but also the route level data to an extent which will give a glimpse of the route profile of the airline where it made money. While strictly under Non Disclosure Agreements, route profiles can be built up over a period of time.


The data room will also give access to contracts, deals and a lot more which could help SpiceJet benchmark its own current situation and what its future would be like.


A reverse merger?


A resolution for unlisted entities like Go First could mean the lessors taking a huge haircut. As per data submitted in the Rajya Sabha, Go First has a long-term debt of 16,249,203,844, or Rs 1,624 crore. The banks could opt for a significant haircut to this to ensure that at least some amount is recovered.


Will this then make it possible to merge itself with the now lean and trim Go First and rename it SpiceJet? Kingfisher Airlines had done a reverse merger with Air Deccan and renamed it Kingfisher Airlines as it wanted the older Airline Operating Permit (AOP) to complete five years in domestic skies before flying international – one of the reasons why Vijay Mallya purchased Air Deccan.


If it happens, this could turn out to be the end of all woes for SpiceJet as it allows itself to be bigger at a fraction of the cost amongst other things. With the government focusing on the Insolvency and Bankruptcy Code and the revival of sick industries, this could be a golden way out to show a win-win situation.


Tail Note


For any transaction to go ahead, the airline will face challenges from stakeholders and courts. SpiceJet has informed the courts about its precarious financial position, and coming up with a plan to purchase and turn around a grounded carrier without first paying pending dues to Marans, creditors and lessors will be a challenge difficult to bypass.


There may be a glimmer of hope for Go First employees, some of whom are still with the airline. Does it mean going from one challenge to another since there are salary issues with SpiceJet as well? More importantly, how will the SpiceJet employees react to this news?

Stock Market Trading Session Round Up For 18 Dec,2023

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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.


Indian Stock Market Wrap Up For 13 Dec,2023:

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 Share Market Closing Note


Sensex, Nifty end mildly higher amid fag-end buying ahead of Fed outcome:


Markets erased losses in the last few minutes of the session with the S&P BSE Sensex ending at 69,585 levels, up 34 points or 0.05 per cent, and the Nifty50 shutting shop 20 points, or 0.1 per cent, higher at 20,926 levels.


NTPC, Power Grid, M&M, L&T, Sun Pharma, SBI, Titan, Tata Steel, Tata Motors, ITC, and Maruti Suzuki were the top gainers on the Sensex index as they rose up to 3.6 per cent. 


TCS, Infosys, Ultratech Cement, Bajaj Finserv, Axis Bank, Tech M, HCL Tech, Wipro, Bajaj Finance, JSW Steel, and ICICI Bank, meanwhile, were the top laggards, down up to 2 per cent.


Meanwhile, the broader market space remained upbeat with the BSE MidCap and SmallCap indices ending 1.06 per cent and 0.73 per cent higher, respectively. 


Among sectors, the Nifty IT index declined 1.3 per cent, followed by the Nifty Private Bank index (down 0.07 per cent). On the upside, the Nifty Pharma, and Auto indices gained 1 per cent each. 


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Topic :- Time:3.00 PM


Nifty spot if holds above 20860 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 follow. Avoid open short positions for tomorrow.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 5680. If it holds above 5640 level then expect it to rise till 5940-5960 levels soon and once it breaks and trade below 5640 level then some decline can follow in it.


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Topic :- Time:2.15 PM


Just In:

Major security breach inside Lok Sabha. House adjourned till 2 pm


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Topic :- Time:2.00 PM


Nifty is showing strong recovery and has recovered sharply from its day lows. Nifty spot if manages to trade and sustain above 20900 level then expect some further upmove in the market and if it breaks and trade below 20860 level then some decline can happen.


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Topic :- Time:1.55 PM


Just In:

Gnfc Buy Back 42% Accepted


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 71700. If it breaks and trade below 71580 level then expect some decline in it and if it manages to trade and sustain above 71800 level then some upmov can follow in it.


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Topic :- Time:1.00 PM


Nifty spot if manages to trade and sustain above 20840 level then expect some upmove in the market and if it breaks and trade below 20800 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 713. If it breaks and trade below 712 level then expect some decline in it and if it manages to trade and sustain above 714.50 level then some upmove can be seen in it.


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Topic :- Time:12.00 PM


After flat opening nifty is now trading 120 points in negative zone. Nifty spot if breaks and trade below 20760 level then expect some further decline in the market and if it manages to trade and sustain above 20800 level then some upmove can be seen in the Nifty.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex off lows, down 200 pts; NTPC, ITC lend support

2. Indian developer community cheers Epic Games win against Google in the US

3. Axis Bank falls after ₹3,400-crore worth block deals

4. DOMS IPO sails through in 1 hr of bidding process

5. Adani to invest $100 billion on green energy shift

6. Retail inflation quickens 5.5% in November 

7. Aye Finance to raise Rs 310 crore in equity

8. ITCs cigarette sales volume nears old peak


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Indian Stock Market Wrap Up For 12 Dec,2023:

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Share Market Closing Note


Sensex falls 378 pts, Nifty at 20,900; realty, power, oil & gas major drag:


Indian equity indices ended lower in the volatile session on December 12 with Nifty around 20,900.

Biggest losers were BPCL, Apollo Hospitals, Maruti Suzuki, Sun Pharma and Eicher Motors, while gainers included HDFC Life, UltraTech Cement, Bajaj Auto, SBI Life Insurance and Axis Bank.


Except Metal, all other sectoral indices ended in the red with capital goods, oil & gas, power and realty down 1 percent each.


The BSE midcap index shed 0.4 percent and smallcap index fell 0.2 percent.


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Topic :- Time:3.20 PM


Just In:

Googles Epic legal defeat threatens $200 bn app store industry | Google maintained monopoly: US Court


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Topic :- Time:3.00 PM


Nifty future if holds above 21000 on closing basis then expect some recovery in coming sessions and if it closes below above mentioned level then some sluggish movement may happen. Avoid open positions for tomorrow.


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Topic :- Time:2.55 PM


Just In:

SpiceJet approves Rs 2,250-crore fundraise from 64 investors.


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Topic :- Time:2.50 PM


Just In:

Infosys CFO Nilanjan Roy resigns, effective March 31, 2024. Jayesh Sanghrajka takes over from April 1. Top-level exits trend continues in major IT players like Wipro.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 5981. If it manages to trade and sustain above 6005 level then expect some upmove in it and if it breaks and trade below 5955 level then some further decline can be seen in Crudeoil.


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Topic :- Time:2.15 PM


Stock Idea: ZEE Entertainment - CMP 295

1. The Company was reeling under pressure on profitability front due to management paralysis.

2. Merger with Sony is in final stage and expected to conclude soon. The Company already has NCLAT and CCI approval in place. SEBI issue barring Subhash Chandra and Puneet Goenka from holding director position is the only hurdle. Looking at the present scenario, existing promoter Chandra family have to relent the management position in favor of Sony.

3. Post merger Sony will hold more than 50% in the mergerd entity and Chandra family will hold little over 3.5%. 

4. Sony-Zee will be largest entertainment network in India with 70 TV channels, two video streaming services (ZEE5 and Sony LIV) and two film studios (Zee Studios and Sony Pictures Films India)


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Topic :- Time:2.15 PM


Just In:

Adani Ports board approves issuance of NCDs worth ₹5,000 crore


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Topic :- Time:2.00 PM


Nifty spot is trading at 20951. If it breaks and trade below 20920 level then expect some decline in the market and if it manages to trade and sustain above 20980 level then some upmove can follow in it.


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Topic :- Time:1.15 PM


Just In:

IREDA scales Rs 100-mark, up 200% from IPO price.


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Topic :- Time:1.00 PM


Nifty future is trading at 21047 not able to sustain higher level. Immediate support for Nifty future is at 21035. If it breaks and trade below it then next critical support is at 20070-20960 levels. As per current market situation buying from lower levels is still recommended.


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Topic :- Time:12.45 PM


Just In:

India Shelter Finance IPO: India Shelter Finance is trading at a premium is ₹150 in the grey market, down from a premium of ₹200 yesterday.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 717. If it manages to hold above 714.80 level then expect it to rise till 721-722 levels quite soon and if it breaks and trade below 714.80 level then some decline can follow in it.


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Topic :- Time:12.00 PM


Nifty is trading flat. Nifty spot if manages to trade and sustain above 21020 level then expect some upmove in the market and if it breaks and trade below 20980 level then some decline can follow in the Nifty.Due to less movement traders are advice to trade in less quantity and should wait for some movement.


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Topic :- Time:11.45 AM


Just In:

USFDA issues 5 observations after inspecting Torrent Pharmas Gujarat manufacturing facility


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty flat; media top sectoral gainer

2. Adanis under-probe contractor resurfaces with a new name

3. Desperate retail investors drive options craze

4. Kinetic Green to raise $30-40 million

5. Dixon Technologies shares rally 5% to hit 52-week high on Lenovo contract

6. Mahindra and Mahindra gains on higher production, sales volumes

7. L&T Tech shares gain on signing multi-year pact with global energy firm BP

8. Rupee opens marginally higher at 83.37 against US dollar



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Motisons Jewellers IPO to hit Dalal Street on Dec 18, plans to raise Rs 151 crore

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The IPO comprises only a fresh issue component of 2.74 crore equity shares. Hence, the entire issue proceeds will go the company.


aipur-based Motisons Jewellers has finalised December 18 as the opening date for its upcoming initial public offering (IPO). The company may be planning to raise around Rs 151 crore via public issue, if the offer price is considered as Rs 55 per share reported at the time of fund raising via pre-IPO placement.


The price band for the offer will be announced in coming days.


The public issue will be closing on December 20, while the anchor book will be opened for a day on December 15.


The IPO comprises only a fresh issue component of 2.74 crore equity shares. Hence, the entire issue proceeds will go the company.


The Jaipur-based Chhabra family-owned jewellery retail company will utilise the net fresh proceeds for repaying debts amounting to Rs 58 crore, and working capital requirements of Rs 71 crore. And the remaining funds will be kept for general corporate purposes.



Before filing the red herring prospectus, the company has raised Rs 33 crore via pre-IPO placement of 60 lakh equity shares at a price of Rs 55 per share. And accordingly, the issue size as disclosed in the draft red herring prospectus, up to 3.34 crore equity shares has been reduced by 60 lakh equity shares to 2.74 crore equity shares.


Half of the offer size has been reserved for qualified institutional buyers, 15 percent for high networth individuals and the remaining 35 percent shares for retail investors.


Motisons Jewellers that started its jewellery business in 1997 with a single showroom in Jaipur and later expanded network to 4 showrooms under the Motisons brand has reported better financial numbers in the past years, with net profit in the year ended March FY23 rising 50.5 percent to Rs 22.2 crore and revenue increasing 16.5 percent to Rs 366.2 crore compared to previous year.


Profit in the first quarter ended June FY24 reported at Rs 5.5 crore on revenue of Rs 86.7 crore.


Meanwhile, after closing the issue on December 20, the company will finalise the basis of allotment of IPO shares by December 21 and the equity shares will be credited to demat accounts of eligible investors by the end of December 22.


Motison will make its debut on the bourses on December 26 due to Christmas holiday on December 25, as per the IPO schedule.This will be the third jewellery retailer coming out with the IPO and listing in the current calendar year, after Senco Gold and Vaibhav Jewellers.


Holani Consultants is the only merchant banker to the issue, while Link Intime India is the registrar to the offer.

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