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Share Market Closing Note

Nifty ends below 18,000, Sensex down 300 pts; realty, metal, IT, banks worst hit.

Except capital goods, all other sectoral indices ended in the red.

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Topic :- Time:3.00 PM

Nifty spot if holds above 17880 level on closing basis then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 55717.If it breaks and trade below 55680 level then expect some decline in it and if it manages to trade and sustain above 55760 level then some upmove can follow in it.

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Topic :- Time:1.10 PM

Just In:

Macfos IPO oversubscribed on day 1, led by retail investor.

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Topic :- Time:1.00 PM

Nifty is declining. Nifty spot if breaks and trade below 17900 level then expect some further decline in the market and if it manages to trade and sustain above 17960 level then some upmove can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 774.50.If it holds below 777 level then expect some decline in it and if it trades above 777 level then some upmove can be seen in it.

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Topic :- Time:12.00 PM

Nifty is highly rangebound. Nifty spot if manages to trade and sustain above 18000 level then expect some upmove and if it breaks and trade below 17940 level then some decline can be seen in it. 

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex down 150 pts; PSU Bank, Realty indices slip over 1%

2. Twitter shuts two of three India offices; tells staff to work from home

3. Google layoffs reach Indian shores; company fires 453 employees in India

4. Non-BFSI companies net profits shrink sharply for second quarter

5. Adanis crisis to spark democratic revival in India, says George Soros

6. Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme

7. Indias January gold imports plunge 76% to 32-month low on subdued demand

8. Minda Corp, Pricol surge up to 6% amid stake sale buzz

9. Cement shares in focus; UltraTech, Dalmia Bharat hit 52-week highs

10. Medanta hits highest level since listing; stock surges 13% in 2 days

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 17 Feb,2023:

Stock specific action expected in the market. Nifty to turn volatile as the day progresses.

Nifty spot if manages to trade and sustain above 18060 levels then expect some upmove in the market and if it breaks and trade below 17980 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 Closing Note

Benchmark indices ended on flat note in the volatile session on February 16.

At Close, the Sensex was up 44.42 points or 0.07% at 61319.51, and the Nifty was 20 points or 0.11% at 18,035.80. About 1814 shares have advanced, 1562 shares declined, and 154 shares are unchanged.

ONGC, Tech Mahindra, Apollo Hospitals, Divis Labs and Nestle India among the major gainers on the Nifty, while losers were BPCL, Bajaj Finance, HUL, HDFC Life and M&M.

Among sectors, information technology, metal and Realty up 1 percent each.

The BSE midcap and smallcap added nearly a percent each.

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Topic :- Time:3.15 PM

Just In:

The government has filed an affidavit in a sealed envelope only for Supreme Court judges in response to a suggestion for an expert committee in the Adani-Hindenburg case.

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Topic :- Time:3.00 PM

Nifty spot if holds above 18040 level on closing basis then expect some further upmove in coming days and if it breaks and closes below above mentioned level then some sluggish movement is likely to follow.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 209.50. If it breaks and trade below 208.00 level then expect some decline in it and if it manages to trade and sustain above 210.20 level then some upmove can follow in it. NG will face immediate resistance at 215.30. Selling from higher level is recommended as off now.

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Topic :- Time:2.20 PM

Just In:

Tata Capital plans consolidation of arms before hitting D-St

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Topic :- Time:2.00 PM

Nifty is turning volatile now. Nifty spot if manages to trade and sustain above 18100 level then expect some upmove in the market and if it breaks and trade below 18040 level then some decline can follow in the Nifty.

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 56224. If it manages to trade and sustain above 56260 level then expect some quick upmove in it and if it breaks and trade below 56180 level then some decline can follow in the Gold.

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Topic :- Time:1.00 PM

Market is showing stock specific movement. Nifty spot if manages to trade and sustain above 18100 level then expect some quick upmove and if it breaks and trade below 18040 level then some decline can be seen.

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Topic :- Time:12.45 PM

Just In:

Nestle India Q4 PAT rises 66% YoY to ₹628 crore

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 771. If it holds above 768 level then expect some quick upmove in it and if it breaks and trade below 768 level then some decline can follow in Copper.

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Topic :- Time:12.00 PM

Nifty is trading in green zone. Nifty spot if manages trade and sustain above 18120 level then expect some upmove in the market and if it breaks and trade below 18080 level then some decline can follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 350pts, Nifty50 above 18,100; IT, metal stocks shine

2. Borrowing blitz makes Adanis empire even more vulnerable amid worst crisis

3. S&P puts Adani Transmissions ESG rating under review over governance issues

4. Centre slashes windfall tax on crude oil from Rs 5,050/tonne to Rs 4,350

5. Banks may recover close to Rs 15,000 crore from Srei group resolution

6. MSCI delays index weighting changes for two Adani companies to May review

7. Amazon Pay, 31 other payment aggregators get RBI nod to continue operations

8. Surf Excel becomes first Indian home care brand to top $1 bn annual sales

9. InterGlobe Aviation slips 5% after 4% equity changes hands via block deal

10. IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 16 Feb,2023:

Nifty/Banknifty options expiry today. Stock specific action expected in the market.

Nifty spot if manages to trade and sustain above 18080-18100 levels then expect some upmove in the market and if it breaks and trade below 17960 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 Closing Not

Benchmark indices ended lower for the second consecutive session on February 13 with the Nifty falling below 17,800 amid volatility.

At close, the Sensex was down 250.86 points or 0.41 percent at 60,431.84, and the Nifty was down 85.60 points or 0.48 percent at 17,770.90.

On the back of mixed global cues, the market started on a flat note but soon bears took the charge and dragged the Nifty to near 17,700 levels. However, final-hour buying helped to erase some intraday losses.

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Topic :- Time:2.45 PM

Just In:

Tata Group set to log record growth: Chandrasekaran

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 17800 level then expect some upmove and if it breaks and trade below 17760 level then some more decline can happen.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 66568.If it manages to trade and sustain above 66600 level then expect some upmove in it and if it breaks and trade below 66480 level then some decline can follow in it.

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Topic :- Time:1.20 PM

Just In:

DBS says not concerned about exposure to Adani group

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Topic :- Time:1.10 PM

Nifty spot if manages to trade and sustain above 17780 level then expect some upmove in the market and if it breaks and trade below 17760 level then some decline can follow. Currently nifty spot is trading at 17770.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 766.50. If it holds below 768 level then expect some fall in it and if it manages to trade and sustain above 768 level then some upmove can follow in it.

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Topic :- Time:12.10 PM

Nifty is declining. Nifty spot if breaks and trade below 17720 level then expect some further decline in the market and if it manages to trade and sustain above 17760 level then some upmove can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex off days low, down 200pts; Nifty50 below 17,800

2. Sebi to update FM Nirmala Sitharaman on Adani probe this week

3. Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout

4. Vodafone Idea in talks with banks to refinance Rs 3-4k crore loans

5. Glenmark Pharma jumps 5% post December quarter earnings

6. Coforge slides 7% as over 7 million equity shares change hands on bourses

7. Balkrishna Industries tanks over 11% as Q3 profit plunges 68% YoY

8. Oil India hits 8-month high on highest-ever quarterly profit in Q3FY23

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 13 Feb,2023:

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

Nifty spot if manages to trade and sustain above 17880 level then expect some upmove in the market and if it breaks and trade below 17800 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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Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime Minister Alexander Novak said on Friday, after the West slapped price caps on Russian oil and oil products.

The G7, the European Union and Australia agreed to ban the use of Western-supplied maritime insurance, finance and brokering for seaborne Russian oil priced above $60 per barrel from Dec. 5 as part of Western sanctions on Moscow over its actions in Ukraine.

The EU also slapped a ban on purchases of Russian oil products and set price caps from Feb. 5.

"As of today, we are fully selling the entire volume of oil produced, however, as stated earlier, we will not sell oil to those who directly or indirectly adhere to the principles of the 'price cap'," Novak said in a statement.

"In this regard, Russia will voluntarily reduce production by 500,000 barrels per day in March. This will contribute to the restoration of market relations".

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Share Market Closing Note

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

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

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Topic :- Time:3.00 PM

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

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Topic :- Time:2.55 PM

LME INVENTORY:

COPPER DECREASED BY 1375

ALUMINIUM INCREASED BY 105550

NICKEL DECREASED BY 528

ZINC INCREASED 3825

LEAD UNCHANGED 

TIN DECREASED 15

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Topic :- Time:2.30 PM

SILVER Trading View:

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

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Topic :- Time:2.00 PM

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

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Topic :- Time:1.50 PM

Just In:

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

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Topic :- Time:1.50 PM

Just In:

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

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Topic :- Time:1.15 PM

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

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Topic :- Time:12.55 PM

Just In:

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

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Topic :- Time:12.30 PM

COPPER Trading View:

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

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Topic :- Time:12.15 PM

Just In:

Muthoot Finances Rs 500-crore NCD issue opens.

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Topic :- Time:12.00 PM

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

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

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Topic :- Time:11.30 AM

News Wrap Up:

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

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

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

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

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

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

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

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

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

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

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Share Market Closing Note

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

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

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Topic :- Time:3.00 PM

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

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

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

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

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Topic :- Time:2.00 PM

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

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Topic :- Time:1.30 PM

COPPER Trading View:

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

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Topic :- Time:1.00 PM

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

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Topic :- Time:12.50 PM

Tax Proposals in thr Finance Minister speech in Budget 2023*

Indirect Taxes

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

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

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

4. Television - TV panels customs duty reduced

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

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

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

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

9. Customs duty to increase in silver bars

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

11. Copper - concessional customs duty on copper

12. Rubber - concessional customs duty on rubber

13. Cigarettes - increased tax 

Direct Taxes

1. Common IT form and grievance redressal system

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

Professionals u/s 44ADA - 75 lakhs 

Provided receipt in cash doesnot exceed 5%

3. TDS only on payment for deduction

4.  Co-operatives tax -15%

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

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

5. Startups

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

6. 100 new joint commissioners for appeal

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

8. TDS on Online gaming - 

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

10. Extending funds for GIFT and IFSC

Personal Income Tax

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

2. New tax regime from

0-3 lakhs nil

3-6 lakhs- 5%

6-9 lakhs 10%

9-12 lakhs 15%

12-15 lakhs  20%

Above 15 lakhs- 30 %

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

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

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

6. New income tax regime default regime

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Topic :- Time:12.30 PM

SILVER Trading View:

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

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Topic :- Time:12.00 PM

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

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Topic :- Time:11.30 AM

News Wrap Up:

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

2. FM Nirmala Sitharaman presents Union Budget 2023

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

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

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

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

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

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

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

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

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 Feb,2023:

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

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

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

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Share Market Closing Note

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

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

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

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

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

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Topic :- Time:3.00 PM

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

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

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

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Topic :- TIme:2.15 PM

Just In:

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

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Topic :- Time:2.00 PM

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

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Topic :- Time:1.10 PM

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

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Topic :- Time:12.30 PM

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

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

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

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

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Topic :- Time:12.30 PM

COPPER Trading View:

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

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Topic :- Time:12.00 PM

News Wrap Up:

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

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

Economic Survey

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

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

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

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

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

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

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Topic :- Time:11.00 AM

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

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

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

The mayhem

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

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

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

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

What the Budget 2023-24 entails?

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

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

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

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

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

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

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Share Market Closing Note

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

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

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

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

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Topic :- Time:3.00 PM

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

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

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Topic :- Time:2.50 PM

Just In:

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

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

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

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

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Topic :- Time:2.00 PM

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

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Topic :- Time:1.40 PM

Just In:

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

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

Adani Transmission 20% Down.

Adani Total 20% Down.

Adani Green 20% Down.

Adani Wilmar Low Lower.

Adani Power Low Lower.

Adani Ports 15% Down.

Adani Enterprises 10 % Down.

Adani Take Over Cos.

ACC 10% Down.

Ambuja 15 % Down.

NDTV Low Lower.

Adani group dragging down market

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Topic :- Time:1.30 PM

COPPER Trading View:

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

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Topic :- Time:1.00 PM

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

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Topic :- Time:12.30 PM

SILVER Trading View:

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

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Topic :- Time:12.00 PM

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

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

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Topic :- Time:11.30 AM

News Wrap Up:

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

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

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

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

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

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

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

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

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 27 Jan,2023:

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

Nifty spot if manages to trade and sustain above 17960 level then expect some upmove in the market and if it breaks and trade below 17840 level then expect some decline in the market. Please note this is just opening view and should not be considered as the view for the whole day.