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Nifty Wrap Up For 10 June,2024:

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 Share Market Closing Note


Sensex falls 203 pts, Nifty around 23,250; IT worst hit:


Indian equity indices ended lower in the volatile session on June 10 with Nifty below 23,250.


The Sensex was down 203.28 points or 0.27 percent at 76,490.08, and the Nifty was down 31points or 0.13 percent at 23,259.20. About 2381 shares advanced, 1176 shares declined, and 91 shares unchanged.


Top losers on the Nifty included Tech Mahindra, Infosys, Wipro, M&M and LTIMindtree, while losers were UltraTech Cement, Grasim Industries, Hero MotoCorp, Cipla and Power Grid Corp.


On the sectoral front, the IT index fell 1.5 percent, metal down 0.3 percent and oil & gas down 0.2 percent, while realty index gained 1.3 percent, healthcare up 0.7 percent and power was up 0.4 percent.


The BSE midcap index rose 0.5 percent while the smallcap index gained 1 percent.


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Topic :- Time:3.00 PM


Nifty spot if manages to close and holds above 23320 level then expect some upmove in coming sessions 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:2.30 PM


COPPER Trading View:

COPPER is trading at 856.90. If it manages to trade and sustain above 858.50 level then expect some upmove in it and if it breaks and trade below 854.50 level then some decline may follow.


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Topic :- Time:2.00 PM


Nifty spot is trading at 23369. No major movement in index. Nifty spot if manages to trade and sustain above 23400 level then expect some upmove in it and if it breaks and trade below 23340 level then some decline can follow in the Nifty. As movement is very less traders should wait for some time before taking big positions.


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Topic :- Time:1.55 PM


Just In:

AUTO SALES IN MAY


Lack of new models, tough competition hit car sales.


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Topic :- Time:1.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6341. If it manages to trade and sustain above 6360 level then expect some quick upmove in it and if it breaks and trade below 6320 level then some decline can be seen.


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Topic :- Time:1.00 PM


Nifty spot is trading at 23344. If it manages to trade and sustain above 23360 level then expect some upmove in the market and if it breaks and trade below 23320 level then some decline can follow in the Nifty.


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Topic :- Time:12.40 PM


Extreme heat & elections led to an 18% drop in showroom footfall in May, says FADA  adding that auto dealers fear above-normal rains could further impact sales & walk-ins in the coming months. 



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Topic :- Time:12.30 PM


NATURALGAS Trading View:

NATURALGAS is trading at 249.40. If it holds above 246.50 level then expect it to test 253.50-255 levels quite soon and once it breaks and trade below 246.50 level then some decline can follow in it.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex in green, Nifty above 23,300; cement stocks rally

2. Media and realty indexes rise 2% each

3. Chandrababus family fortune surges by Rs 1,225 cr

4. Ixigo IPO opens for subscription.

5. Adani among 20 cos in fray for IL&FS road assets

6. No financial irregularity within co: Suzlon

7. Macron dissolves French parliament

8. Reliance Infra to raise USD 350 mn FCCB

9. Heritage Foods hits 52-week high after Rs 319.6 crore large deal

10. Kronox Lab Sciences makes healthy debut on the Street, lists at 21% premium


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 10 June,2024:


Nifty is likely to remain volatile in beginning and is expected to stabilize later. As political news will stabilize so market will be back to normal now.


Nifty spot if manages to trade and sustain above 23340 level then expect some upmove in the market and if it breaks and trade below 23220 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.


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Nifty Wrap Up For 07 June,2024:

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Share Market Closing Note


Sensex zooms 1,530 points, Nifty above 23,250; all sectors in the green:


Indian benchmark indices ended higher for the third consecutive session on June 7 with Nifty around 23,300.


Biggest gainers included M&M, Wipro, Tech Mahindra, Infosys and UltraTech Cement, while losers were SBI Life Insurance and Tata Consumer Products.


All the sectoral indices ended in the green with auto, IT, power, telecom, metal up 2-3 percent.


The BSE midcap index gained 1.2 percent while the smallcap index rose 2 percent.


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Topic :- Time:3.00 PM


Nifty is rising and rising. Nifty spot if holds above 23260 level on closing basis then expect more upmove in coming session and if it closes below above mentioned level then some sluggish move may follow. Avoid open positions for Monday.


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Topic :- Time:2.30 PM


COPPER Trading View:

COPPER is trading at 869.20. If it breaks and trade below 867.80 level then expect some further decline in it and if it manages to trade and sustain above 871.40 level then some upmove can follow in Copper.


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Topic :- Time:2.00 PM


Nifty is still trading in same range from Monday mid session expect normal moves in the market. Right now traders should wait for some movement before taking any big positions. Wait and watch must be the strategy now. 


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Topic :- Time:1.50 PM


Just In:

China Halts Gold Buying for reserve after 18 Month.


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Topic :- Time:1.50 PM


Just In:

RBI governor says no worries on heavy inflows from global bond inclusion


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Topic :- Time:1.30 PM


CRUEOIL Trading View:

CRUDEOIL is trading at 6305. If it holds above 6280 level then expect good upmove in it and is is likely to test 6360-6400 levels and once it breaks and trade below 6280 level then some decline can follow in it.


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Topic :- Time:1.00 PM


Nifty is trading little flat now but with 377 points gains. Nifty spot if manages to trade and sustain above 23220 level then expect some upmove and if it breaks and trade below 23180 level then some decline can be seen in the market.


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Topic :- Time:12.50 PM


Just In:

Stocks to be credited directly to your demat a/c, not via broker


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Topic :- Time:12.40 PM


Just In:

Markets have recovered. Back to 3rd June levels.


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Topic :- Time:12.30 PM


NATURALGAS Trading View:

NATURALGAS is trading at 236.40. If it holds above 233 level then expect it to test 240 level quite soon. Sustain above 240 will take it to 265 in few days and if it fails to trade and sustain above 240 level then it can slide towards 225. 


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Topic :- Time:12.15 PM


Just In:

PM Modi to take oath as PM for 3rd time on Sunday Evening.


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Topic :- Time:12.00 PM


Nifty is flying high again today. Nifty spot if manages to trade and sustain above 23220 level then expect some upmove in the market and if it breaks and trade below 23180 level then some decline can follow. Currently Nifty spot is trading at 23201.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex up 850 pts, Nifty tops 23K as RBI ups FY25 GDP forecast to 7.2%

2. CCI draft regulations: Company commitments to be closely watched

3. CPI inflation estimate for FY25 kept unchanged at 4.5%, GDP growth estimated at 7.2%

4. Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE

5. RVNL share price rises 4% on Rs 495 cr order win; up 190% in one year

6. IRB Infrastructure share price soars 4% on robust May toll collection

7. Go First lenders may soon recover dues, but just 50%

8. PFC legal advisors green light SP loan against Tata Sons shares

9. PB Fintech stock falls after Sebi issues show cause notice to CEO Yashish Dahiya

10. Paytms UPI market share continues to slide after RBI crackdown


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Nifty Round Up For 05 June,2024

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Share Market Closing NOte


Nifty above 22,550, Sensex gains 2,150 pts; all sectors in the green:


Indian benchmark indices erased some of the previous day losses and ended higher with Nifty back above 22,600.


All BSE Sensex and Nifty50 stocks ended in the green.


All the sectoral indices ended on a positive note with Auto, Bank, FMCG, Metal, Telecom and Media up 4-6 percent.


The BSE Midcap index rose 4 percent while the Smallcap index gained 3 percent.


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Topic :- Time:3.10 PM


Just In:

Angel One gains over 7% after reporting business update; Client base surges 63% in May from last year.


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Topic :- Time:3.00 PM


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


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Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 71872. If it breaks and trade below 71840 level then expect some decline in it and if it manages to trade and sustain above 71900 level then some upmove can follow in it.


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Topic :- Time:2.10 PM


Just In:

MODI REACHES RASHTRAPATHI BHAVAN


NDA set to stake claim for third straight stint.


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Topic :- Time:2.00 PM


BANKNIFTY Trading View:

BANKNIFTY Future is trading at 48479. If it holds above 48300 level then expect it to test 48800 soon and if it breaks and trade below 48300 level then some decline can be seen.


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Topic :- Time:1.35 PM


Just In:

PM Modi to take Oath again on June 8.


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Topic :- Time:1.35 PM


Just In:

Vodafone Idea shares rise 12% �  recovering half of Tuesdays losses �  taking the m-cap closer to ₹98,000 crore..


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Topic :- Time:1.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6132. If it manages to trade and sustain above 6140 level then expect some upmove and if it breaks and trade below 6100 level then some decline can be seen. Buy on dips till it holds above 6100 is recommended in it.


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Topic :- Time:1.20 PM


Just In:

Shares of Hero MotoCorp surged as much as 8.7% to touch a record high of ₹5,775.


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Topic :- Time:1.00 PM


Nifty is showing good swings now. Nifty spot if manages to trade and sustain above 22400 level then expect some further upmove and if it breaks and trade below 22340 level then some decline is expected.


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Topic :- Time:12.30 PM


NATURALGAS Trading View:

NG is trading at 220. If it holds above 218 level then expect it to test 223 level quite soon and if it breaks and trade below 218 level then some decline can follow in it.


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Topic :- Time:12.00 PM


Nifty is trading in green after positive opening. Nifty spot if manages to trade and sustain above 22320 level then expect some further upmove and if it breaks and trade below 22260 level then some decline can be seen.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty surge 2% as HUL, ITC shares shine

2. A weaker Modi govt now a worry for the war economy seeks to win

3. Sensex zooms over 1,600 points; VIX plunges 30%

4. NDA, INDIA to strategise next move in Delhi today

5. 5G spectrum auction put off again till June 25

6. Tata Motors Finance merges with Tata Capital

7. May services growth cools to five-month low of 60.2 from Aprils 60.8: PMI

8. India aviation industry losses to widen to $400-600 mn in FY25: CAPA India


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Stock Market Trading Wrap Up For 03 June,2024

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Share Market Closing Note


Sensex, Nifty surge over 3% on result eve; Bank Nifty at 51,000:


Market at Record High.All the sectoral indices ended in the green with capital goods, PSU Bank, oil & gas, power and realty up 5-7 percent.


Sensex and Nifty log their best session more than three years to close at all-time highs, as investors cheer better-than-expected economic growth and Modis exit poll victory.



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Topic :- Time:3.00 PM


Nifty spot if holds above 22210 level on closing basis then expect more bull run however close below 22210 will result in some decline. As tomorrow is Elections result so traders are strictly advised not to carry any open positions for tomorrow as market will react as per sentiments and results only.


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Topic :- Time:2.55 PM


Just In:

South Korean President Yoon Seok-yeol on Monday gave the green light for exploratory drilling on potentially huge oil and gas reserves discovered off the east coast of the country, one of the worlds biggest energy importers.


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Topic :- Time:2.40 PM


Alert That Matters:

1. SBI surges to become seventh Indian listed company with Rs 8 lakh crore market capitalisation

2. Adani Group stocks extend rally, gain Rs 2.6 lakh crore in two sessions  



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Topic :- Time:2.35 PM


No one knows anything about tomorrow. As per exit Poll BJP will win but upmove discounted today. So its highly recommended not to carry any position tomorrow anything can happen.


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Topic :- Time:2.30 PM


SILVER Trading View:

SILVER is trading at 91094. If it breaks and trade below 90950 level then expect some decline in it and if it manages to trade and sustain above 91250 level then some upmove can follow in it.


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Topic :- Time:2.00 PM


Nifty future is trading at 23379. Nifty will find its immediate resistance at 23385 and Support at 23245. More upmove above 23385 only.


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Topic :- Time:1.30 PM


NATURALGAS Trading View:

NG is trading at 224.30. If it holds above 221 level then expect it to rise and only below 221 level some decline can be seen in it. Buy on dips till it hold above 221 is recommended in it.


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Topic :- Time:1.15 PM


Just In:

Shriram Finance shares gain 7% on securing $468 mn through syndicated term loan transaction.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 871.50.If it manages to trade and sustain above 873 level then expect some upmove in it and if it breaks and trade below 868.50 level then some decline can follow in it.


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Topic :- Time:12.15 PM


Just In:

State Bank of Indias m-cap breaches the ₹8 lakh crore mark after the stock hit a record high of ₹898 



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Topic :- Time:12.00 PM


Nifty spot is trading at 23235. If it holds above 23210-23200 levels then expect some more upmove in the market and if it breaks and trade below 23210-23200 levels only then decline can follow.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Modi wave on D-Street! Sensex skyrockets 2,600 pts

2. No pay, no play for 5G! Vi gets a towering reminder

3. Kronox Lab Sciences IPO opens for subscription

4. Excise Scam: Kavithas custody extended till July 3

5. OPEC+ says goodbye to its $100-a-barrel oil quest

6. IPO-bound Ola Electric planning to fire 400-500

7. Single portal for all health insurance claims soon

8. Zeda plans to raise $200 mn for India foray


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Topic :- Share Market Opening Note


Indian Stock Market Trading View For 03 June,2024:


Expect Nifty to remain highly volatile till 4 June end. Elections result will play critical role. Small traders should avoid trading and highly strategic trades can be taken only.


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 22480 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.


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Windfall tax on crude slashed to Rs 5,200 pmt; LPG cylinder prices cut to Rs 1,676

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Previously, on May 16, the government had reduced the windfall tax on petroleum crude from 8,400 rupees to 5,700 rupees per metric ton.

The government has announced a reduction in the windfall tax on petroleum crude to Rs 5,200 ($62.33) per metric ton, down from Rs 5,700 per metric ton. This change, detailed in a notification issued on Friday, takes effect on June 1. The biweekly-adjusted windfall tax remains unchanged at zero for both diesel and aviation turbine fuel.

Moreover, oil marketing companies have also reduced the prices of commercial LPG gas cylinders by Rs 69.50, effective immediately from June 1. This adjustment lowers the retail price of a 19 kg commercial LPG cylinder in Delhi to Rs 1,676. Similar reductions have been reported across other metro cities in India, according to news agency ANI.

This latest price cut follows a previous reduction on May 1, 2024, when the price of 19 kg commercial LPG cylinders was decreased by Rs 19. These successive reductions aim to alleviate the financial burden on businesses facing high operating costs amid ongoing economic challenges.

The windfall tax on petroleum crude has seen several reductions in recent months. On May 16, the government lowered the tax from Rs 8,400 to Rs 5,700 per metric ton, following a previous decrease from Rs 9,600 to Rs 8,400 per metric ton on May 1.

India introduced the windfall tax on crude oil production and the export of gasoline, diesel, and aviation fuel in July 2022. The measure was designed to manage private refiners who were prioritizing exports to take advantage of high refining margins rather than supplying the domestic market.

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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