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China’s $6.3 trillion stock selloff is getting uglier by the day

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Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.


Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.


The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.


The Nasdaq Golden Dragon China Index slipped as much as 2.2% at the start of US trading Friday, extending losses to a fifth consecutive day.


In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.


“What we are seeing this year so far really is a continuation of what we saw last year,” John Lin, AllianceBernstein’s chief investment officer of China equities, said in an Jan. 17 interview on Bloomberg Television. “These squeezing-the-toothpaste type of stimulus policies so far haven’t been able to turn around the underlying bottom-up fundamentals of areas like the property sector.”


‘Waiting Game’

The HSCEI gauge plunged more than 6% this week and is on track to record its worst January performance in eight years. On the mainland, the CSI 300 Index has dropped in nine of the last 10 weeks. Signs that state funds likely bought exchange-traded funds and a decision by China’s largest brokerage to suspend short selling for some clients failed to halt the onshore benchmark’s losing run.


The headwinds buffeting the market are well documented: China’s real estate sector remains a trouble spot, deflationary pressures are building and a long-running feud between Beijing and Washington refuses to go away, with the US election set to take place later this year. In recent days, uncertainties about the trajectory of US interest rates and the threat of an imminent blowout of local stock derivatives have added to investor worries.


Asian fund managers have cut their allocation to China by 12 percentage points to a net 20% underweight, the lowest in more than a year, according to the latest Bank of America survey.


Managers of benchmark-tracking funds have sold a net $300 million of shares traded in mainland China and Hong Kong this month, according to a Morgan Stanley analysis. That’s a reversal from the last half of 2023, when they bought $700 million on a net basis even as stock indexes declined.


“China is a waiting game and we continue to be waiting,” said Mark Matthews, head of Asia research at Bank Julius Baer & Co., which is mostly avoiding Chinese equities.


Beijing’s efforts to reassure investors have been met with skepticism from investors, many of whom worry that authorities are behind the curve. While the People’s Bank of China took steps last month to pump cash into the financial system, it bucked widespread expectations for cutting a key policy rate on Monday.


Speaking to leaders at the World Economic Forum this week, Chinese Premier Li Qiang trumpeted his nation’s ability to hit its roughly 5% growth target for 2023 without flooding the economy with “massive stimulus.”


Right now, the loss of confidence is so severe that even attractive valuations are of little help. The MSCI China Index has never been this cheap versus the S&P 500 gauge from a forward earnings estimate perspective. Still, bets on a short-term rebound have failed to materialize.


“The government seems very sanguine about the economy,” said Xin-Yao Ng, an investment director for Asian equities at abrdn. “The market might not even trust the 5% growth figure, it certainly has a much more negative view on the economy and definitely believes Beijing needs a big fiscal response.”

Market Wrap Up For 15 Jan,2024

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Share Market Closing Note


Nifty at 22,100, Sensex 760 pts; IT, oil & gas shine:


Among sectors, except metal all other sectoral indices ended in the green with the Information Technology, PSU Bank, Oil & Gas up 1 percent each.


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Topic :- Time:3.00 PM


Nifty just triggered all time high once again now. Nifty spot if manages to close above 22120 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow. 


Stock To Carry For Tomorrow:

1. DLF

2. INDUSINDBK


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Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 62604. If it holds above 62480 level then expect gold to test 62900 level quite soon and if it breaks and trade below 62480 level then some decline can be seen in it.


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Topic :- Time:2.25 PM


Medi Assist Healthcare IPO: Medi Assist Healthcare IPO is a book built issue of ₹1,171.58 crore. The issue is entirely an offer for sale (OFS) of 2.8 crore shares.


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Topic :- Time:2.00 PM


Nifty future is trading at 22094. Once it manages to trade and sustain above 22120 level then expect some quick upmove in it and if it breaks and trade below 22060 level then some decline can be seen. Still market is looking strong so buy from dips is still recommended.


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Topic :- Time:1.30 PM


COPPER Trading View:

COPPER is trading at 714.If it manages to trade and sustain above 715.50 level then expect some further upmove in it and if it breaks and trade below 713.20 level then some decline can follow in it.


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Topic :- Time:1.25 PM


Just In:

Reliance Industries shares hit 52-week high as subsidiary to sell REC Solar Norway for $22 million


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Topic :- Time:1.15 PM


Uttar Pradesh Govt to invest 8,000 crore in a proposed 1,472 acre bulk drug park in Lalitpur, Bundelkhand region.


The state is targeting to increase its share in Indias pharma industry from 2 per cent to 10-12 per cent


UP has partnered with reputed scientific institutions including Council of Scientific and Industrial Research (CSIR) and Defence Research and Development Organisation (DRDO) as knowledge partners for developing generic and low cost medicines


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Topic :- Time:1.10 PM


Just In:

Wholesale inflation rises to 0.73% in December


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Topic :- Time:1.00 PM


Nifty is consolidating now and another breakout is expected in the market soon. Nifty spot if manages to trade and sustain above 22080 level then expect some quick upmove in the market and if it breaks and trade below 22040 level then some decline may happen.


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Topic :- Time:12.30 PM


NATURALGAS Trading View:

NG is trading at 262.20. If it manages to hold below 267 level then expect some decline in it and once it manages to trade and sustain above 267 level then some upmove can follow in it. Sell around 264 is recommended in it.


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Topic :- Time:12.00 PM


After hitting all time high again nifty is still trading with good gains. Nifty spot if manages to trade and sustain above 22060 level then expect some further upmove in the market and if it breaks and trade below 22020 level then some decline can be seen.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex up 550 pts, Nifty above 22,000; IRFC, Wipro, RVNL, Infosys most active

2. IT flavour lights up D-Street! Sensex past 73,000-mark, Nifty above 22,000

3. Jio Financial Services Q3 results today

4. Delhi fog alert: 5 flight diverted, 18 trains late

5. Tata Consumer plans Rs 3500 cr rights issue

6. Minimum wages may be hiked before polls

7. SpiceJet to connect Ayodhya from 3 cities

8. Sachin Tendulkar invests in ISPL


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 15 Jan,2024:


Nifty is likely to turn volatile as the day progresses. Keep eye on IT and Banking Stocks.


Nifty spot if manages to trade and sustain above 21940 level then expect some further quick upmove and if it breaks and trade below 21840 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.


Nifty Wrap Up For 10 Jan,2024

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Share Market Closing Note


Nifty above 21,600, Sensex up 272 pts led by IT, metal, pharma

Indian benchmark indices ended on positive note for the third consecutive session on January 10.


Top gainers on the Nifty included Cipla, Reliance Industries, Adani Enterprises, HCL Technologies and Adani Ports, while losers were ONGC, Divis Labs, BPCL, NTPC and Coal India,


Among sectors, Healthcare, Information Technology and Metal up 0.4 percent each, while Realty and Oil & Gas down 0.3 percent each.


BSE Midcap and Smallcap indices ended marginally higher.


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Topic :- Time:3.00 PM


On Banknifty expiry day we got to see some good moves in banknifty contract in CE and PE both in late hours earlier premium was getting erased only.


Nifty spot if manages to hold above 21520 level on closing basis then expect some further upmove in coming sessions and close below above mentioned level will result in some sluggish move. Avoid open positions for tomorrow.


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Topic :- Time:2.00 PM


Nifty spot if manages to trade and sustain above 21540 level then expect some upmove in the market and if it breaks and trade below 21480 level then some decline can be seen.


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Topic :- Time:1.40 PM


Just In:

Fintechs want to be your go-to money managers for an SIP



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Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 72099. If it breaks and trade below 72050 level then some decline can be seen and if it manages to trade and sustain above 72150 level then some upmove can follow in it.


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Topic :- Time:1.15 PM


Just In:

PM Modi says Indias port infrastructure secures new investments from UAE companies


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Topic :- Time:1.00 PM


Nifty is highly volatile traders should wait for clear direction else it will burn cash only. Nifty spot if manages to trade and sustain above 21520 level then expect some upmove in the market and if it breaks and trade below 21480 level then some decline can be seen.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 714.55. If it holds below 716.70 level then expect it to test 710 level quite soon and if it manages to trade and sustain above 716.70 level then some upmove can be seen else sell from rise till it holds below 716.70.


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Topic :- Time:12.00 PM


Nifty is trading volatile and if it nifty spot manages to trade and sustain above 21540 level then expect some upmove in the market and if it breaks and trade below 21500 level then some decline can follow.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Nifty at 21,550, Sensex up marginally; HCL Tech, Adani Enterprises top gainers

2. Bharti Airtel hits 52-week high as BofA Securities raises target, expects tariff hike

3. SpiceJet shares fly 5% before AGM review of Rs 2,250-cr investment plan

4. Delta Corp stock drops 3% as Q3 net profit tanks 59% to Rs 34 crore

5. Paytm to invest Rs 100 crore in GIFT City, to offer AI-driven cross-border remittance

6. Medi Assist Healthcare Services sets price band at Rs 397-418 for Rs 1,172-cr IPO

7. Jyoti CNC issue subscribed 2.5 times, retail portion booked 8.2x on IPO Day 2

8. Suzukis vibrant plans for Gujarat include a new $4 billion plant


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Nifty Trading Wrap Up For 08 Jan,2024:

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 Share Market Closing Note


After opening with marginal gains, domestic benchmark indices � S&P BSE Sensex and NSE Nifty50 slipped into negative territory on January 8. The retail exuberance faded after a strong US jobs report reignited a rally in 10-year treasury yields, pushing back rate cut prospects.


At close, BSE Sensex and NSE Nifty50 slipped up to 1 percent to 71,355 and 21,511 levels, respectively. Broader markets, too, saw profit-booking as Nifty Midcap 100 and Nifty Smallcap 100 indices slipped 1 percent each. As a result, the fear gauge � India VIX � edged up by 7 percent to hover around 13.5 levels.


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Topic :- Time:3.20 PM


Just In:

Power Mech Projects receives order worth ₹825 crore from Mahan Energen, stock gains over 3%


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Topic :- Time:3.00 PM


Nifty is in no mans land. Nifty future is trading at 21605. If it holds above 21570 level on closing basis then expect some good bounce back in the market in coming sessions and if it closes below 21570 level then some further decline is possible. Avoid open positions for tomorrow. Good stock specific action is there. One can consider IRCTC as BTST.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6091.If it holds below 6035 level then expect it to test 6040-6020 levels quite soon. Sell on rise till it hold below 6035 is recommended in it. Only above 6035 we can see good buying in it.


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Topic :- Time:2.10 PM


Nifty is trading in range. Nifty spot is trading at 21588. If it manages to trade and sustain above 21600 level then expect some quick upmove in the market and if it breaks and trade below 21560 level then some decline can be seen.


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Topic :- Time:1.30 PM


NATURALGAS Trading View:

NG is trading at 236.30. If it manages to hold above 233.50 level then expect it to test 242-244 levels quite soon and once it breaks and trade below 233.50 level then some decline can be seen in it.


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Topic :- Time:1.15 PM


Just In:

FirstCry CEO Supam Maheshwari offloaded shares worth Rs 300 crore before IPO filing


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Topic :- Time:1.00 PM


Nifty is trading volatile now in negative zone however some pull back is expected from here. Nifty spot if manages to trade and sustain above 21600 level then expect some upmove in the market and if it breaks and trade below 21560 level then some decline can be seen in the Nifty.


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Topic :- Time:12.55 PM


Just In:

India ranks second after China in MSCI EM index after weightage surpasses Taiwan


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Topic :- Time:12.40 PM


Just In:

DECEMBER AMFI DATA


Liquid funds drive Rs 40,685-crore outflow from mutual funds.


Equity segment inflows rise on small and multi-cap schemes.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 721.60. If it manages to trade and sustain above 722.20 level then expect some upmove in it and if it breaks and trade below 720.50 level then some decline can be seen in it.


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Topic :- Time:12.00 PM


After positive start nifty is trading in red zone. Nifty spot if manages to trade and sustain above 21580 level then expect some upmove in the market and if it breaks and trade below 21540 level then some further decline can be seen in the Nifty.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex falls 300 pts; PSBs top sectoral losers

2. Indias fuel demand hits seven-month high in Dec

3. Auto retail sales up 21% YoY in Dec: FADA

4. Tata Motors reshuffles key execs in PV biz

5. China sanctions 5 US defence companies

6. India beats Taiwan in MSCI EM index weightage to be second after China

7. Byjus cutbacks: Employees struggle with deteriorating workplace amid massive cash crunch

8. Kaushalya Logistics lists at 33% premium to IPO price on NSE SME


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 08 Jan,2024:


Nifty is likely to remain volatile with global cues playing critical role. Nifty spot if manages to trade and sustain above 21760 level then expect some upmove in the market and if it breaks and trade below 21660 level then some decline can be seen 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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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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www.ShareTipsInfo.com

 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?

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