Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

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

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

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


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


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


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


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


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



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


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


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


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


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


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


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

Global cost-of-living crisis continues as prices rise; Singapore, Zurich on top: EIU

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still significantly higher than the trend in 2017-2021, it said in a report.


Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.


On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still "significantly higher than the trend in 2017-2021," it said in a report.


Singapore regained the top of the rankings for the ninth time in the past eleven years due to high price levels across several categories.


The city state has the world's highest transport prices, owing to strict government controls on car numbers. It is also amongst the most expensive for clothing, groceries and alcohol.


Zurich's rise reflected the strength of the Swiss franc and high prices for groceries, household goods and recreation, it said.


Geneva and New York tied for third place, while Hong Kong was fifth and Los Angeles in sixth.


Asia continues to see relatively lower price increases on average compared to other regions, it said.


Chinese cities have fallen in its rankings with four cities - Nanjing, Wuxi, Dalian and Beijing - among the biggest movers down the rankings this year along with Osaka and Tokyo in Japan.


Tata Technologies IPO: GMP remains steady. Price, lot size, other details of upcoming IPO

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Tata Technologies IPO: the initial public offering (IPO) of Tata Technologies Ltd is going to hit primary market on 22nd November 2023. Bidding for Tata Technologies IPO will remain open till 24th November 2023. Hence, Tata Technologies IPO will open on Wednesday this week and it will remain open for bidders till Friday this week. The Tata group company has fixed Tata Technologies IPO price at ₹475 to ₹500 apiece levels.


Meanwhile, grey market has remained steady on Tata Technologies IPO. According to market observers, shares of Tata Technologies Ltd are available at a premium of ₹352 in grey market today.


Tata Technologies IPO GMP today

Market observers said that Tata Technologies IPO grey market premium (GMP) today is ₹352, which is almost unchanged as it is ₹17 lower from its weekend GMP of ₹369 per share. Market observers said that ₹17 dip should not be a worry for investors as Tata Technologies IPO GMP is still near 70 per cent of Tata Technologies IPO price band of ₹475 to ₹500. They said that Tata Technologies IPO date of subscription opening is fast approaching and stock market mood was also down on Friday. So, this ₹17 dip is comparatively good for the book build issue.


Market observers maintained that Tata Technologies IPO GMP today signals strong response from investors as 70 per cent premium is something that everybody would like to have in one's portfolio. However, they cautioned that probability of share allocation may go down if the Tata Technologies IPO subscription status remains high during Tata Technologies IPO date of subscription, which has been already announced from 22nd November to 24th November 2023.


However, stock market experts maintained that GMP is non regulated and completely speculative. They said that grey market has no connect with financials of the company and hence it is not a reliable data to decide an important decision like investing in the IPO. They advised investors to scan balance sheet of the company as it will give concrete fundamental picture of the company.


Tata Technologies IPO details

A bidder will be able to apply in lots and one lot will comprise 30 Tata Technologies shares. In the wake of T+3 schedule, Tata Technologies IPO allotment date is most likely on 27th or 28th November 2023 whereas Tata Technologies IPO listing date may fall on 29th November 2023.

Nifty Roundup For 15 Nov,2023

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Topic :- Share Market Closing Note


Nifty around 19,700, Sensex up 800 pts; all sectors in the green:

Indian benchmark indices ended higher on November 15 with Nifty above 19,650 amid buying across the sectors.


Eicher Motors, Tech Mahindra, Hindalco Industries, Tata Motors and Infosys were among the top gainers on the Nifty, while losers were Bajaj Finance, Power Grid Corporation, IndusInd Bank, Bajaj Finserv and Apollo Hospitals.


All the sectoral indices are trading ended in the green with capital goods, auto, metal, information technology, oil & gas and realty up 1-3 percent.


BSE Midcap and Smallcap indices up 1 percent each.


--------------------------------------------------------------------------------------------


Topic :- Time:3.00 PM


Nifty spot if holds above 19620 level on closing basis then expect some further upmove in coming session and if it closes below above mentioned level then some sluggish movement is likely to be seen. Avoid open positions for tomorrow.


--------------------------------------------------------------------------------------------


Topic :- Time:2.50 PM


Just In:

Baba Food Processing shares fall 5% after listing at IPO issue price of ₹76


--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


ZINC Trading View:

ZINC is trading at 233.15. If it manages to trade and sustain above 233.20 level then expect more upmove in it and if it breaks and trade below 232.80 level then some decline can be seen.


--------------------------------------------------------------------------------------------


Topic :- Time:12.45 PM


Just In:

YES Bank shares rise 7%; stock up 21% in 5 sessions.


--------------------------------------------------------------------------------------------


Topic :- Time:12.35 PM


Just In:

Siemens shares surge 3% as Siemens AG to buy 18% stake for 2.1 billion euros


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


SILVER Trading View:

SILVER is trading at 72100. If it manages to trade and sustain above 72140 level then expect some upmove in it and if it breaks and trade below 72040 level then some decline can be seen in it.


--------------------------------------------------------------------------------------------


Topic :- Time:12.10 PM


Nifty is highly rangebound yet again after gap up opening. Nifty spot if manages to trade and sustain above 19640 level then expect some upmove and if it breaks and trade below 19600 level then some decline can be seen in the market.


--------------------------------------------------------------------------------------------


Topic :- Time:11.50 AM


Just In:

Adani Energy Solutions plans to raise Rs 3,000 cr, arm may buy back $120-mn bonds


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex surges 600 pts; Realty index jumps 3%, IT pack 2%

2. Tata to JSW focus on this tech to ensure 24x7 green energy supply

3. Subrat Roys death: Rs 25,000 cr with Sebi

4.  Russia steps up presence in Indian Ocean

5. Oyo to prepay over Rs 1,600 cr debt

6. FMCG supply chain gridlock: Demand declines and inventory adds up

7. Indias FDI share gain more than others in its backyard, shows data

8. Slew of inclusions to MSCI Smallcap index to attract inflows worth $142 million


--------------------------------------------------------------------------------------------


Topic :- Time:11.00 AM


After positive opening nifty is still trading with good gains. Nifty spot if manages to trade and sustain above 19640 level then expect some upmove in the market and if it breaks and trade below 19600 level then some decline can be seen.


Nifty opened near resistance and long should be preferred above day high. Currently nifty is rangebound and is expected to remain in range in first half


BANKNIFTY expiry today.


Market Wrap Up For 13 Nov, 2023

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Topic :- Share Market Closing Note


Sensex ends 325 points lower, Nifty50 below 19,450; smallcaps outperform:


Except Nifty Metal and Nifty Energy, all sectors are trading in red. Bajaj Finance, Infosys, Grasim are the biggest losers on the Nifty 50


--------------------------------------------------------------------------------------------


Topic :- Time:3.05 PM


Nifty spot if manages to hold above 19420 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish moves can be seen in the market. Avoid open positions for Wednesday.


--------------------------------------------------------------------------------------------


Topic :- Time:2.50 PM


Just In:

Mutual funds load up on BSE, Dixon Tech in October, sell Suzlon Energy, Chola Finance



--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


NATURALGAS Trading View:

NG is trading at 265.70. If it manages to trade and sustain above 266.50 level then expect some upmove in it and if it breaks and trade below 263.50 level then some decline can follow. However buying from dips is recommended in Ng for now.


--------------------------------------------------------------------------------------------


Topic :- Time:2.00 PM


Nifty is still in same trading range. Avoid big trades and wait for clear direction. No point in jumping into trade in sideways market.


--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 59710. If it holds below 59840 level then expect it to decline towards 59550-59500 levels quite soon and once it manages to trade and sustain above 59840 level then some upmove can be seen in Gold.


--------------------------------------------------------------------------------------------


Topic :- Time:1.00 PM


Nifty is still in sleeping mode and is not willing to get up.Traders should also wait and watch for the right direction. Nifty spot if manages to trade and sustain above 19460 level then expect some upmove in the market and if it breaks and trade below 19420 level then some decline can follow in the Nifty.


--------------------------------------------------------------------------------------------


Topic :- Time:12.50 PM


Just In:

Adani Group eyeing opportunities in neighbouring countries after Sri Lanka port, says Karan Adani


--------------------------------------------------------------------------------------------


Topic :- Time:12.40 PM


Just In:

Smog engulfs Delhi after Diwali celebration amid worsening air quality


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6394. If it holds below 6420 level then expect some decline in it and if it manages to trade and sustain above 6420 level then some upmove can be seen in the Crudeoil.


--------------------------------------------------------------------------------------------


Topic :- Time:12.12 PM


Just In:

UK PM Rishi Sunak hosts EAM Dr S Jaishankar at 10 Downing Street on Diwali. Jaishankar gifts Sunak a cricket bat signed by Virat Kohli.


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Eicher continues to cruise fast:


Factors like the pent-up demand for motorcycles, growing preference for premium bikes, and increasing momentum in export demand make the companys prospects promising.



--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Nifty is highly rangebound and is not showing any movement as such. Nifty spot if manages to trade and sustain above 19460 level then expect some upmove in the market and if it breaks and trade below 19420 level then some decline can be seen. As there is lack of movement so traders should wait and watch for some time before taking any big position.


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


COPPER Trading View:

COPPER is trading at 698.10. If it breaks and trade below 697 level then expect some decline in it and if it manages to trade and sustain above 700.20 level then some upmove can follow in Copper.


--------------------------------------------------------------------------------------------


Topic :- Time:11.15 AM


Just In:

Rupee gains 2 paise to 83.32 against US dollar in early trade


--------------------------------------------------------------------------------------------


Topic :- Time:11.00 AM


News Wrap Up:

1. Sensex dips 400pts, Nifty below 19450; power stocks gain

2. Cello World shares are trading firmly above issue price.

3. Protean eGov shares list at issue price of Rs 792

4. American Towers set to sell loss-making India ops for $2.2 billion

5. ONGC stock trades flat despite 142% spike in Q2 consolidated net profit

6. Tata Motors stock trades lower despite Moodys ratings upgrade

7. Oil prices ease on worries of waning demand in US and China

8. Joe Biden will push China to resume military ties with US, official says


--------------------------------------------------------------------------------------------


Topic :- Time:10.30 AM


After negative opening nifty is still trading in red zone. Nifty spot if breaks and trade below 19400 level then expect some decline in the market and if it manages to trade and sustain above 19460 level then some upmove can be seen in the Nifty.


--------------------------------------------------------------------------------------------

Indian Stock Market Wrap Up For 10 Nov,2023:

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Topic :- Share Market Closing Note


Sensex, Nifty end marginally higher; Auto, IT drag, banks, metal, energy shine:


The Sensex settled72.48 points or 0.11 percent higherat 64,904.68, and the Nifty was ended with gains of30.00 points or 0.15 percent at 19,425.30.About 1,812 shares rose, 1,747fell, and 141 remained unchanged.


--------------------------------------------------------------------------------------------


Topic :- Time:3.05 PM


Just In:

M&M Q2 net profit rises 66.9% YoY at Rs 3,451.8 crore



--------------------------------------------------------------------------------------------


Topic :- Time:3.00 PM


Nifty spot if manages to close above 19360 level then expect some upmove in the market in coming days and if it closes below above mentioned level then some sluggish moves can further be seen.


--------------------------------------------------------------------------------------------


Topic :- Time:2.40 PM


Just In:

ED attaches properties worth ₹24 crore of Hero MotoCorp CEO Pawan Munjal


--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 60125. If it breaks and trade below 60080 level then expect some decline in it and if it manages to trade and sustain above 60160 level then some upmove can be seen in Gold.


--------------------------------------------------------------------------------------------


Topic :- Time:2.15 PM


Just In:

Hindalco Q2 profit rises 54.6% to Rs 847 crore on robust performance across business segments 


--------------------------------------------------------------------------------------------


Topic :- Time:2.00 PM


There is no movement in the market as such. Still one should wait and watch rather than booking loss.


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


COPPER trading View:

COPPER is trading at 703.70. If it manages to trade and sustain above 704.50 level then expect some upmove in it and if it breaks and trade below 702.80 level then some decline can follow in it.


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Nifty is trading flat and dull yet again. Traders should wait for some movement before taking positions. Nifty spot is trading at 19380. If it manages to trade and sustain above 19400 level then expect some upmove in the market and if it breaks and trade below 19340 level then some decline is likely to follow in the Nifty.


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex down 100 pts, Nifty flat; M&M, Hero MotoCorp worst hit

2. Mamaearth faces investors ire as selloff shaves off Rs 1,300 cr mcap since debut

3. India may raise probe heat on MG Motor India, Vivo

4. Rupee plunges to record low, tracking Asian peers

5. India may clear 10 PLI bids from IT hardware cos

6. Adani Enterprises aims big on data centers

7. Import of cheaper solar modules on rise

8. No plans to change board after Religare buy: Dabur Chairman Mohit Burman



--------------------------------------------------------------------------------------------


Nykaa Q2 results: Net profit jumps 50% to ₹7.8 crore, revenue up 22%

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The company's revenue from operations in came in at ₹1,507 crore, as compared to ₹1,231 crore recorded in the corresponding quarter of the previous fiscal.

FSN E-Commerce Ventures, the operator of online beauty and fashion retailer Nykaa, on November 6 reported a net profit of ₹7.8 crore in the second quarter of fiscal year 2023-24 (Q2FY24). This is 50 percent higher as compared to ₹5.2 crore clocked in the year-ago period.



Sequentially, the net profit increased by 44 percent from ₹5.4 crore reported in the first quarter of the current fiscal.

The company's revenue from operations in Q2FY24 came in at ₹1,507 crore, higher by 22 percent from ₹1,231 crore recorded in the corresponding quarter of the previous fiscal year.

Quarter-on-quarter, the revenue from operations was 6 percent as against ₹1,422 crore reported in Q1FY24.

The total expenses during the quarter under review also increases by 22 percent on-year, as it came in at ₹1,502 crore as compared to ₹1,228 crore in Q2FY23.

Nykaa's total income during the September 2023 quarter came in at ₹1,516 crore, higher by 22.5 percent as against ₹1,237 crore reported in the year-ago period.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) margin “expanded to 5.4 percent for the quarter, a growth of 32 percent YoY on the back of both direct and indirect costs efficiencies", a press release stated.

Indian Stock Market Wrap Up For 06 Nov,2023:

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

 Share Market Closing Note


Nifty above 19,400, Sensex up 595 pts; mid, smallcaps shine, PSU Banks drag:


Benchmark indices ended higher for the third consecutive session on November 6 with Nifty above 19,400.


At close, the Sensex was up 594.91 points or 0.92 percent at 64,958.69, and the Nifty was up 181.20 points or 0.94 percent at 19,411.80. About 2378 shares advanced, 1285 shares declined, and 164 shares unchanged.


Biggest gainers on the Nifty included, Divis Laboratories, Hero MotoCorp, Eicher Motors, Larsen & Toubro and Axis Bank, while losers were SBI, HUL, Tata Motors, Cipla and Titan Company.


Except PSU Bank (down 1 percent), all other sectoral indices ended in the green with pharma, capital goods, metal, oil & gas, power and realty up 1 percent each.


BSE Midcap and Smallcap indices rose 1 percent each.


--------------------------------------------------------------------------------------------


Topic :- Time:3.00 PM


Nifty spot if manages to hold above 19360 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish moves can be seen. Avoid open short positions for tomorrow.


--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


NATURALGAS Trading View:

NG is trading at 283. If it holds above 280 level then it is likely to test 288-289 levels quite soon and if it breaks and trade below 280 level then some decline can be seen in Naturalgas.


--------------------------------------------------------------------------------------------


Topic :- Time:2.15 PM


Just In:

Byjus in talks to sell US unit to Joffre Capital for $400m


--------------------------------------------------------------------------------------------


Topic :- Time:2.10 PM


Just In:

Odd-Even scheme in Delhi from November 13 to 20 to combat air pollution


--------------------------------------------------------------------------------------------


Topic :- Time:2.00 PM


Nifty is still trading in a very small range. Traders should wait and watch right now. Let some movement come before taking any big position. 


--------------------------------------------------------------------------------------------


Topic :- Time:1.45 PM


Just In:

Profit drops 29% on higher expenses, misses estimates.


--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 60830. If it manages to trade and sustain above 60865 level then expect some upmove in it and if it breaks and trade below 60780 level then some decline can be seen in the Gold.


--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


GOLD Trading View:

GOLD is trading at 60830. If it manages to trade and sustain above 60865 level then expect some upmove in it and if it breaks and trade below 60780 level then some decline can be seen in the Gold.


--------------------------------------------------------------------------------------------


Topic :- Time:1.00 PM


After gap up opening nifty is once again trading in a very small range. Nifty spot if manages to trade and sustain above 19360-19380 levels then expect some upmove in the market and if it breaks and trade below 19320-19300 levels then some decline can follow in the Nifty.


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 711.40. If it breaks and trade below 710 level then some decline can be seen in the market however 708 holds the key support and if it manages to hold above 708 level then it is likely to head towards 716-718 levels quite soon. 


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Nifty is rangebound now after gap up opening. Nifty spot if manages to trade and sustain above 19360 level then expect some upmove in the market and if it breaks and trade below 19320 level then some decline can be seen in the Nifty.


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex up 300 pts; PB Fintech, Nykaa gain 4%, Zomato 2%

2. Adani group said to be in talks to exit FMCG joint venture with Wilmar

3. Oct auto retail sales dip 8% due to Shraddh period; Navratri sales up 18%

4. Zomatos second straight quarter of profit sees brokerages raise price targets

5. Cello World lists at Rs 831, over 28% premium to IPO price

6. Adani in talks with FMCG firms to sell its full 43.97% stake in Wilmar JV

7. L&T gains as arm to divest stake in subsidiary

8. The taxman wants to know if Indians are wearing an FPI mask

9. Zerodha demat A/Cs hit with another technical glitch

10. Protean eGov Tech IPO


--------------------------------------------------------------------------------------------


Topic :- Time:11.00 AM


After gap up opening nifty is still trading in green with good gains however nifty is losing some of its gains now. Nifty spot if manages to trade and sustain above 19360 level then expect some upmove and if it breaks and trade below 19320 level then some decline can be seen.


--------------------------------------------------------------------------------------------


Topic :- Nifty Opening Note


Indian Stock Market Trading View For 06 Nov,2023:


Nifty is likely to turn volatile as the day progresses. Global cues to dictate trend. Good stock specific action is expected through out the day.


Nifty spot if manages to trade and sustain above 19260 level then expect some upmove in it and if it breaks and trade below 19180 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.


--------------------------------------------------------------------------------------------



Nifty Trading Wrap Up for 03 Nov,2023

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Share Market Closing Note


Indian benchmark indices ended higher for the second consecutive session on November 3 with Nifty above 19,200.


At close, the Sensex was up 282.88 points or 0.44 percent at 64,363.78, and the Nifty was up 97.30 points or 0.51 percent at 19,230.60. About 2215 shares advanced, 1351 shares declined, and 124 shares unchanged.


Apollo Hospitals, Adani Ports, Eicher Motors, LTIMindtree and Titan Company were among major gainers on the Nifty while losers were Bajaj Finserv, Dr Reddys Laboratories, SBI Life Insurance, IndusInd Bank and Tata Steel.


All the sectoral indices ended in the green with oil & gas, realty up 1-2 percent each.


BSE Midcap index rose 0.7 percent and smallcap index up 1 percent.


--------------------------------------------------------------------------------------------


Topic :- Time:3.00 PM


Nifty spot if manages to sustain and close above 19200 level then expect some further upmove in market in coming sessions and if it closes below above mentioned level then some sluggish movement can follow in the Nifty. Avoid open short positions for Monday.


--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6913. It will find its immediate support at 6880. If it manages to hold above 6880 level then expect it to test 6960-6980 levels quite soon. Buy on every dip till it holds above 6880 is recommended in it. Only if it breaks and trade below 6880 level then some decline can follow in it.


--------------------------------------------------------------------------------------------


Topic :- Time:2.20 PM


Just In:

Raymond forays into aerospace, defense & EV components biz with Rs 682-crore acquisition



--------------------------------------------------------------------------------------------


Topic :- Time:2.10 PM


Just In:

Kotak banks insurance stake sale to Zurich group a signature Uday Kotak deal



--------------------------------------------------------------------------------------------


Topic :- Time:2.00 PM


Nifty spot if manages to trade and sustain above 19280 level then expect some upmove in it and if it breaks and trade below 19240 level then some decline can be seen in the market.As movement is quite less one can trade in small quantity or can avoid for now.


--------------------------------------------------------------------------------------------


Topic :- Time:1.50 PM


Just In:

India debuts its 50-year bond at 7.46%



--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


SILVER Trading View:

SILVER is trading at 71086. If it manages to trade and sustain above 71120 level then expect some upmove in it and if it breaks and trade below 71000 level then some decline can follow in it.


--------------------------------------------------------------------------------------------


Topic :- Time:1.00 PM


Overall after gap up opening market is flat right now. Traders are advised to wait and watch let Nifty move before taking big positions. Nifty spot if manages to trade and sustain above 19260 level then expect some upmove in the market and if it breaks and trade below 19220 level then some decline can follow in the Nifty. Currently Nifty spot is trading at 19249.


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 712. If it breaks and trade below 711 level then expect some decline in it and if it manages to trade and sustain above 712.80-713 level then some quick upmove is expected in it.


--------------------------------------------------------------------------------------------


Topic :- Time:12.15 PM


Just In:

PM Fumio Kishida announced a 17 trillion yen ($113 billion) tax-cutting economic relief package to combat Inflation.


Japan is now forced to reduce its historic Military budget


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Nifty is shedding some of its early gains. Nifty spot is trading at 19241. If it breaks and trade below 19220 level then some decline can be seen and if it manages to trade and sustain above 19260 level then some upmove can follow in the market.


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex jumps 400 points, Nifty above 19,250

2. Indias services activity slows to to 7-mth low in Oct

3. Go Firsts lenders stare at ₹6,500 crore in losses

4. Indian Bank extends deadline to invest in special FDs

5. UCO Banks loan defaulters wont get sweets

6. SpiceJet boosts network with 44 new flights

7. No nation buying more planes than India

8. FTX founder Bankman-Fried convicted of defrauding cryptocurrency customers

9. Chinas services activity picks up slightly in October, sales grow: Data

10. Tata Motors surges on robust Q2 results; brokerages upbeat


--------------------------------------------------------------------------------------------

Shareholders approve appointment of Isha, Akash and Anant Ambani to RIL board

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

An exchange filing informed that over 98 percent of the shareholders were in favour of the appointment of Isha and Akash. However, Anant's appointment saw some pushback with over 7 percent votes against the resolution.


The shareholders of Reliance Industries (RIL) have approved the appointment of Isha Ambani, Akash Ambani and Anant Ambani to the board as non-executive directors, the firm announced in a BSE exchange filing on Friday. The resolutions were passed through postal ballot.


The filing informed that over 98 percent of the shareholders were in favour of the appointment of Isha and Akash. However, Anant's appointment saw some pushback with over 7 percent votes against the resolution but almost 93 percent were in favour.


Last year, RIL chairman Mukesh Ambani made way for his first-born Akash Ambani, to become the chairman of India's largest mobile firm, Reliance Jio Infocomm. Meanwhile, Isha was given Reliance's retail arm and Anant, the new energy business.


However, as per a Bloomberg report last week, Institutional Shareholder Services Inc., an international proxy advisory firm, had recommended that shareholders vote against the proposal to appoint Ambani’s youngest son, Anant Ambani.


“A vote against this resolution is warranted as Anant Ambani’s limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS had said, as per the report.


Meanwhile, it backed the board appointments of Isha and Akash Ambani in the shareholder vote, it stated.


ISS’s objections echoed the recommendations from Mumbai-based Institutional Investor Advisory Services, or IIAS, which said in an October 9 report, that “at 28 years of age," appointment of the young Ambani scion “does not align with our voting guidelines," the report added.


However, as per a Bloomberg report last week, Institutional Shareholder Services Inc., an international proxy advisory firm, had recommended that shareholders vote against the proposal to appoint Ambani’s youngest son, Anant Ambani.


“A vote against this resolution is warranted as Anant Ambani’s limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS had said, as per the report.


Meanwhile, it backed the board appointments of Isha and Akash Ambani in the shareholder vote, it stated.


ISS’s objections echoed the recommendations from Mumbai-based Institutional Investor Advisory Services, or IIAS, which said in an October 9 report, that “at 28 years of age," appointment of the young Ambani scion “does not align with our voting guidelines," the report added.



  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us