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Trading Wrap Up For 28 May,2024:

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Share Market Closing Note


Sensex down 220 pts, Nifty below 22,900; pharma outperformsAfter hitting record highs in the previous session, the Indian benchmark indices remained in consolidation mode on May 28. At close, the Sensex was down 220.05 points or 0.29 percent at 75,170.45, and the Nifty was down 44.30 points or 0.19 percent at 22,888.15.


After a positive start, the market gyrated between gains and losses during the session, but again, selling in the last hour dragged the indices to the day�s low point.


Biggest Nifty losers included Adani Ports, Power Grid Corp, Coal India, Adani Enterprises and BPCL, while gainers were Divis Laboratories, SBI Life Insurance, HDFC Life, Grasim Industries and Hero MotoCorp.


On the sectoral front, Oil & Gas, Capital Goods, Telecom, PSU Bank, Power and Realty were down 1-2 percent. However, pharma index was up 0.5 percent.


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Topic :- Time:3.00 PM


Nifty spot if holds above 22880 level in closing basis then expect some upmove in coming session and if it closes below above mentioned level then some sluggish move may follow in the market.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6565. If it holds below 6595 level then expect some decline in it and is likely to test 6520 level quite soon and once it manages to trade and sustain above 6595 level then some upmove can follow in it.


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Topic :- Time:2.00 PM


Nifty spot is trading at 22935. If it manages to trade and sustain above 22960 level then expect some upmove in the market and if it breaks and trade below 22910 level then some decline can follow in it.


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Topic :- Time:1.45 PM


Just In:

LIC Eyes Health Insurance Foray Via Organic, Inorganic Routes.


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 94000. If it breaks and trade below 93880 level then expect some decline in it and if it manages to trade and sustain above 94200 level then some upmove can follow in it.


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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 22960 level then expect some upmove in the market and if it breaks and trade below 22900 level then some decline can follow. Currently Nifty spot is trading at 22934.


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Topic :- Time:12.50 PM


Just In:

FUND FLOW


India records worst FII selloff among emerging markets in May.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 902. If it breaks and trade below 901 level then expect some decline in it and if it manages to trade and sustain above 904.20 level then some upmove can follow in it.


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Topic :- Time:12.10 PM


Just In:


LAURUSLABS gets 5 observations from USFDA inspection. Negative for stock


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Topic :- Time:12.00 PM


Nifty is trading in range however quick move is expected in the market soon. Nifty spot if manages to trade and sustain above 22980 level then expect some upmove and if it breaks and trade below 22940 level then some decline can follow. Currently Nifty spot is trading at 22953.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Voda Idea, YES Bank, HDFC Bank see heavy volume in range-bound session

2. Now, Adani Group plans to enter Indias digital payment, e-commerce spaces

3. Spain, Ireland to recognise a Palestinian state; EU, Israel ties to plummet

4. Adani board approves Rs 16,600 crore fundraise via QIP

5. BluSmart seeks $300 million to expand car fleet

6. Trade strains boost cargo rates at fast pace

7. SpiceJet refutes KALs Rs 1,323 cr suit

8. Silent layoffs grip Indian IT sector, impact over 20,000 employees

9. Bharat Dynamics shares tank 7% on profit booking, snaps ten-day gaining streak

10. Ultratech Cement plans to acquire 31.6% stake in UAE-based RAK Cement


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Nifty Wrap Up For 27 May,2024:

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Share Market Closing Note


Sensex, Nifty end flat amid volatility; realty, banks gain:


The BSE midcap index was up 0.6 percent while smallcap index ended flat.



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Topic :- Time:3.00 PM


Nifty declined in the last hour and is now trading in negative.Nifty spot if holds above 22940 level on closing basis then expect some upmove in coming sessions else some decline can be seen in the market. Avoid open positions for tomorrow.


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Topic :- Time:2.50 PM


Just In:

Sensex hits 76,000 mark in 31 sessions.


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Topic :- Time:2.10 PM


Just In:

1. Glenmark Pharma hits 52-week high on double-digit FY25 earnings growth target


2. Delhi HC refuses stay on order to SpiceJet for return of leased aircraft, engines



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Topic :- Time:2.00 PM


Nifty is trading in positive however movement is very less. Nifty spot if manages to trade and sustain above 23100 level then expect another spike in the market and if it breaks and trade below 23040 level then some decline can happen in the market. Currently Nifty spot is trading at 23082.


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Topic :- Time:1.25 PM


Just In:

Axiscades Technologies gains on subsidiary securing ₹90-crore order from BEL.


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Topic :- Time:1.10 PM


Just In:

Ztech India IPO to open on May 29, price band set at ₹104 - 110 per share


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Topic :- Time:1.10 PM


Just In:

Ztech India IPO to open on May 29, price band set at ₹104 - 110 per share


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Topic :- Time:1.00 PM


Nifty spot is trading at 23068. If it manages to trade and sustain above 23100 level then expect some upmove in it and if it breaks and trade below 23040 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 892.85. If it manages to trade and sustain above 894.20 level then expect some upmove in it and if it breaks and trade below 890 level then some decline can follow in it.


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Topic :- Time:12.00 PM


Nifty is not stopping for anyone and is hitting new highs daily. Its pre election rally. Nifty spot if manages to trade and sustain above 23060 level then expect some further upmove in the market and if it breaks and trade below 23040 level then some decline can be seen in the Nifty.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty near record high; IT, pharma, banks shine

2. Delhi CM Arvind Kejriwal moves SC, wants interim bail extended by 7 days

3. Goldman Sachs ups India 2024 GDP forecast to 6.7%; sees RBI rate cut in Q4

4. Ambani is set for an African safari with this latest bet

5. Affordable homes supply down 38%

6. Saudi Arabia plans Aramco share sale


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Share Market Trading Wrap Up For 22 May,2024

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Share Market Closing Note


Nifty around 22,600, Sensex up 268 pts; IT, FMCG, realty shine:


Indian market ended on positive note amid volatility on May 22 with Nifty around 22,600.


The Sensex was up 267.75 points or 0.36 percent at 74,221.06, and the Nifty was up 68.80 points or 0.31 percent at 22,597.80. About 1612 shares advanced, 1734 shares declined, and 103 shares unchanged.


Cipla, HUL, Tata Consumer Products, HUL, Coal India and Britannia Industries are among major gainers on the Nifty, while losers are SBI, Hindalco Industries, Shriram Finance, Hero MotoCorp and Apollo Hospitals.


On the sectoral front, realty and FMCG gained 1 percent each, and capital goods, IT and Media up 0.5 percent each. On the other hand, bank index was down 0.5 percent and meal index shed 0.4 percent each.


The BSE midcap index ended on a flat note and smallcap index was up 0.2 percent.


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Topic :- Time:3.00 PM


Nifty is still rangebound. Nifty spot if holds above 22540 level on closing basis then expect some upmove in coming session and if it closes below above mentioned level then some sluggish movement may follow in the market. Avoid open positions for tomorrow.


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Topic :- Time:2.00 PM


Nifty spot is trading at 22588. Once it manages to trade and sustain above 22600 level then expect some quick upmove in the market and if it breaks and trade below 22560 level then some decline can be seen in the Nifty. As mentioned earlier nifty is likely to show some upmove and banknifty will also follow the same from here.


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Topic :- Time:1.50 PM


May 23 is a settlement holiday on account of Buddha Purnima. Here is how it will impact your trades -


1. Any fund withdrawal request placed after the cut-off time on May 22 will be processed on May 24.

2. Stocks bought on May 22 cannot be sold on May 23.

3. The credit bill for all segments on May 22 will not be available for trading or withdrawal on May 23.


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 94580. If it breaks and trade below 94400 level then expect some decline in it and if it manages to trade and sustain above 94640 level then some upmove can follow in the Silver.


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Topic :- Time:1.00 PM


Nifty is in green and Banknifty is trading in red however overall market is rangebound only. Nifty spot if manages to trade and sustain above 22580 level then expect some upmove and if it breaks and trade below 22540 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 928.40. If it manages to trade and sustain above 930 level then expect some upmove and if it breaks and trade below 927 level then some decline can follow in the market.


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Topic :- Time:12.00 PM


Nifty is trading flat and waiting for cues from elections outcome. Nifty spot if manages to trade and sustain above 22560 level then expect some upmove in the market and if it breaks and trade below 22520 level then some decline can be seen. Currently Nifty spot is trading at 22550.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty marginally higher; HUL, RIL, Infosys top gainers

2. Star Healths shares worth $250-270 mn likely to change hands via block deal

3. Paytm writes off Rs 227 crore investment in Payments Bank

4. Granules India surges 4% after Rs 252.4 crore block deal

5. TVS Mobility Group arm to soon file draft papers for $150-million warehouse InvIT

6. Paytm Q4 Results: Net loss widens to Rs 550 crore, revenue down 2.9% YoY to Rs 2,267.10 cr

7. IPOs soar to 8-month high in May with Rs 9,600 crore raised

8. SpiceJet to seek ₹450 crore refund from Maran

9. Awfis Space Solutions IPO opens for subscription

10. Robusta coffee rises most on Vietnam rain concerns


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Market cap of BSE-listed companies hits $5 trillion first time ever

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The total market cap of all BSE-listed companies reached $5 trillion or over Rs 414.46 trillion, showing a climb of over $633 billion since the start of the year.:

The market capitalisation of companies listed on BSE has crossed a record $5 trillion for the first time - hitting a fresh high on May 21 - data on the BSE website showed, underscoring an ongoing rally in the Indian stock markets.


The total market cap of all BSE-listed companies reached $5 trillion or over Rs 414.46 trillion, rising by over $633 billion since the start of the year. Although the flagship Sensex index still remains 1.66 percent below its all-time high, the BSE Mid and Smallcap indices hit fresh high.


The Market Cap Journey


BSE's total market capitalization had hit $4 trillion in November 2023, and has now soared past $5 trillion in just six months. BSE-listed firms reached the market cap of $1 trillion back in May 2007, doubling in over a decade to $2 trillion in July 2017, and then reaching the $3 trillion mark in May 2021.


Currently, only four stock markets world over are in the $5-trillion-plus club, namely, USA, China, Japan and Hong Kong. The US leads with a market cap of almost $55.65 trillion, followed by China ($9.4 trillion), Japan ($6.42 trillion), and Hong Kong ($5.47 trillion). According to Bloomberg, in 2024 so far, India's market capitalization has risen nearly 12 percent, while for the US it has gone up by 10 percent, and Hong Kong's has risen 16 percent. China and Japan's market cap have remained largely stagnant, with China falling 1.4 percent and Japan rising just 3 percent.


What's Fuelling The Rally


The surge in the market capitalization of Indian equities was primarily driven by a surge in broader market indices. While benchmark Sensex has risen by just 2.3 percent so far in 2024, BSE Midcap and Smallcap are up by 16.3 percent and 11.5 percent, respectively. These gains has come despite volatility in equities in recent months.


Volatile Times


The stock market volatility has increased ahead of the upcoming election results, expected on June 4, and the exit poll findings which are scheduled to be revealed on June 1. There has been some chatter around the turnout in this year's assembly election, while other market participants believe this is not a significant factor to alter the outcome.


The surge in mid and smallcap stocks can be attributed to factors like lower Foreign Portfolio Investor (FPI) holdings - leading to scope of increase - and earnings surprise in these stocks.


Markets seem to have factored in a continuity in government policies, according to some investors. India's long-term growth outlook remains promising, with a projected GDP growth of 7% for FY25. Falling headline inflation and a favourable monsoon forecast too are expected to offset pricing pressure on companies. High-frequency indicators such as PMIs, GST collection and domestic air passenger growth are positive compared to historical standards, it said.


Nifty Trading Wrap Up For 21 May,2024:

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Share Market Closing Note


Sensex, Nifty end flat amid volatility; metals outshine:


Indian benchmark indices ended flat in the volatile session on May 21.


At close, the Sensex was down 52.63 points or 0.07 percent at 73,953.31, and the Nifty was up 27.00 points or 0.12 percent at 22,529.


Top Nifty losers were Nestle, Hero MotoCorp, ICICI Bank, TCS and Maruti Suzuki, while gainers included Hindalco Industries, Coal India, JSW Steel, Tata Steel and Adani Ports.


Among sectors, metal index up 4 percent, power index up 2 percent, PSU Bank index up 1.5 percent, while FMCG down 0.5 percent.


The BSE midcap index up 0.3percent while smallcap index down 0.2 percent.


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Topic :- Time:3.00 PM


Nifty spot if holds above 22520 level on closing basis then expect some upmove in coming sessions and if it breaks and closes below above mentioned level then some sluggish movement can be seen.


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Topic :- Time:2.40 PM


Just In:

INDEX INCLUSION IMPACT


India bond addition could spur outflows from South Africa, Colombia assets.


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Topic :- Time:2.40 PM


Just In:

April domestic air travel growth slows to 13-month low; Air India grows.


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Topic :- Time:2.40 PM


Just In:

April domestic air travel growth slows to 13-month low; Air India grows.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6571. If it breaks and trade below 6560 level then expect some decline in it and if it manages to trade and sustain above 6585 level then some upmove can follow in CRUDEOIL.


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Topic :- Time:2.25 PM


Just In;

Vodafone Ideas board approves fundraising of up to ₹2,075 Crore through a preferential share issue. 


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Topic :- Time:2.15 PM


Just In:

Hindustan Zinc stock soars 14% to new high; metal firms shares rally 121% YTD.


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Topic :- Time:2.00 PM


Nifty spot is trading at 22544. If it breaks and trade below 22520 level then expect some decline in it and if it manages to trade and sustain above 22560 level then some upmove can follow.


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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 94171. If it breaks and trade below 94000 level then expect some decline in it and if it manages to hold above 94000 which is key support for now then it is likely to rise.


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Topic :- Time:1.10 PM


Awfis Space Solutions IPO to open tomorrow:



According to market observers, the shares of Awfis Space Solutions are trading at a premium of ₹165 in the grey market.



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Topic :- Time:1.00 PM


Nifty has recovered sharply from its lows. Nifty spot if manages to trade and sustain above 22600 level then expect some further upmove in it and if it breaks and trade below 22540 level then some decline can follow in the market.


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Topic :- Tim:e:12.30 PM


COPPER Trading View:

COPPER is trading at 933.35. If it breaks and trade below 932 level then expect some decline in it and if it manages to trade and sustain above 935.20 level then some upmove can follow in it.


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Topic :- Time:12.00 PM


After negative to flat session nifty is now trading in green zone with minor gains. Overall Nifty is still trading flat. Nifty spot if manages to trade and sustain above 22560 level then expect some upmove in the market and if it breaks and trade below 22520 level then some decline can be witnessed. 


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty trade flat; Nifty Metal surges over 2%, top sectoral gainer

2. 3 Hong Kong-based FPIs get NSE notice for derivatives market trades

3. Bandhan Bank may look for an outsider for MD Ghoshs successor

4. Balkrishna Industries shares jump 8% to 52-week high, brokerages remain mixed

5. KKR invests $150 million in AI-powered healthcare revenue solutions provider Infinx

6. NCGTC audit report of Bandhan Banks microloan book will be out soon, say sources

7. Heatwave update: Delhi sizzles at 47.4 degrees, IMD issues red alert for next 5 days

8. IRFC Q4 net profit grows 34% to Rs 1,717 cr; board approves Rs 50,000 cr fund raising plan

9. SBI again refuses to disclose SOPs on electoral bonds

10. New telecom rules likely within 100 days of new govt


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Topic :- Share Market Opening Note


Indian Stock Market Trading View For 21 May,2024:


There is trading holiday on 20 May on account of Parliamentary elections. 


As market will open after long weekend on Tuesday so early volatile movement is expected in the market. Traders should wait for some time before entering into trades.


Nifty spot if manages to trade and sustain above 22540 level then expect some upmove in the market and if it breaks and trade below 22440 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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Share Market Trading Wrap Up For 17 May,2024

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Share Market Closing Note


Sensex up 253 pts, Nifty above 22,450; BSE Midcap hits new high, Smallcap closes near record:


In sectoral indices, Nifty Consumer Durables led with a 2.8% increase, followed by Nifty Realty, Metal, and Auto, each up by 1.7%. However, Nifty IT index was the top loser, dropping 0.9%.


Indian markets rose for the second consecutive session, with Nifty closing above 22450 and border markets also gaining. BSE MidCap hit a new record high while BSE SmallCap was just 100 points away from its all-time peak.


At close, Sensex reached 73916 points, up by 0.34%, while Nifty closed at 22464 points, a 0.27% increase. BSE MidCap surged 1.2%, and SmallCap ended 1.4% higher.


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Topic :- Time:3.00 PM


Nifty spot if manages to close above 22480 level then expect some upmove in it and if it closes below above mentioned level then some sluggish movement can be witnessed in the market in coming session.


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Topic :- Time:2.50 PM


Just In:

NEW MAHINDRA LAUNCHES


Sixteen cars in pipeline to be all SUVs, says MD Anish Shah.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6608. If it breaks and trade below 6600 level then expect some fall in it however 6550-6545 will act as strong reversal point on the other if it manages to trade and sustain above 6630 level then some upmove can follow in it.


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Topic :- Time:2.20 PM


Just In:

Go Digit IPO: Issue booked 3x on final day, QIBs outpace NIIs


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Topic :- Time:2.00 PM


Nifty spot is trading at 22490. If it manages to trade and sustain above 22520 level then expect some quick upmove in the market and if it breaks and trade below 22460 level then some decline can be seen in the Nifty. Avoid big trades as nifty is trading sideways with low volume due to trading holdiday on Monday.


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Topic :- Time:1.40 PM


NSE and BSE Exchange shall be conducting a special live trading session with intraday switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday May  18,2024 in Equity and Equity Derivatives Segments.


Trading Session-1

Pre-Open open time 09:00 hrs

Pre-Open close time 09:08 hrs

Normal Market open time 09:15 hrs

Normal Market close time 10:00 hrs


Trading Session-2

Pre-Open open time 11:15 hrs

Pre-Open close time 11:23 hrs

Normal Market open time 11:30 hrs

Normal Market close time 12:30 hrs

Closing Session open time 12:40 hrs

Closing Session close time 12:50 hrs


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Topic :- Time:1.00 PM


Nifty spot is trading at 22465. If it manages to trade and sustain above 22480-22500 level then expect some upmove in it and if it breaks and trade below 22440 level then some decline can follow in the market.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 900.80. If it manages to trade and sustain above 901.20 level then expect some upmove and if it breaks and trade below 900 level then some decline can be seen in the Copper.


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Topic :- Time:12.00 PM


Nifty spot is trading at 22480. If it manages to trade and sustain above 22520 level then expect some further upmove in the market and if it breaks and trade below 22440 level then some decline can follow in it.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex up over 270 pts, Nifty above 22,450; BSE Midcap, Smallcap outperform

2. Option writers at the receiving end as zero hero expiry trade causes havoc

3. HNI gatecrashes institutional block window, Wockhardt, Dr Reddys bulls struggle, F&O on FinMin radar

4. M&M top Sensex gainer, hits record high as Street upbeat on earnings trajectory

5. Told Israel not to carry out bombings at least during Ramadan: PM Modi

6. D-Street is charged up with M&Ms ₹12,000 crore electric dream

7. Russians and Chinese are brothers forever: Putin

8. ICICI Direct trading platform hit by technical glitch

L&T plans to exit Hyderabad Metro post 2026; what CFO said about Congress govt's free bus scheme

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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

Construction major Larsen & Toubro is planning to sell its stake in Hyderabad Metro after its ridership declined due to Telangana government’s free bus ride scheme for women, said whole-time director & chief financial officer R Shankar Raman.

The company owns 90 percent of the metro project, while 10 percent is with the state government.

The daily passenger count of the metro has declined from its peak of 550,000 in November 2023 to 480,000 now. The financials of the metro have been a concern for the company and it will look at monetizing the asset after FY26 as part of its non-core business plans, Raman told BT TV during an interview.

The Congress government had launched the free bus scheme in December 2023 after coming to power in the state. Other promises made by the Revanth Reddy-led government include health insurance of Rs 10 lakh, financial assistance of Rs 2,500 for women, and gas cylinders at Rs 500.

On the free bus ride scheme, Raman said the ridership of the metro has become "less interesting" and there is a clear gender divide in the usage of the public transport. He added that women have moved away from the metro and are occupying busses more despite no increase in the number of the latter. This has led to men moving away from busses to metro, he added.



The company also said it plans to monetize some of the real estate attached with the metro. L&T, which has a 65-year concession to run the system, received a Rs 3,000-crore soft loan from the state government.

L&T Hyderabad Metro Rail has a debt burden of 13,000 crore, this is apart from the Rs 2,000 crore loss the company has suffered in the past few years, and it plans to cut its debt down to Rs 8,000 crore.

Nifty Trading View Wrap Up For 13 May,2024:

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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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Tata Motors shifts gears, prioritises market development to accelerate EV penetration

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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.


Nifty Trading Wrap Up For 10 May,2024:

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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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