Market Morning Notes For 23rd Nov 2023
Markets on Wednesday witnessed divergent trend with Nifty Bank ending lower while recovery in the IT sector helped Nifty to surpass 19,800 levels. The Sensex has been struggling to cross its intermediate high and Nifty Bank has been consistently trading below 50 DMA which does not augur well for strength of markets. For Sensex, trend reversal is seen on close below 65,356 i.e. 1% below the...
Market Morning Notes For 22nd Nov 2023
Markets on Tuesday remained range bound with Sensex closing above 50 DMA on back of gains from commodities stocks while Bank Nifty remained underperformer and continued to remain lower below 44170 i.e. the 50 DMA. In the past few days, gains in Nifty has been on the back of rising India VIX index and with India VIX crossing above 12% mark which is 200 EMA, there is a risk of sudden surge of...
Gandhar Oil Refinery India Ltd. (Subscribe)
Highlights Issue Size –: 29,626,732 sharesIssue Open/Close – 22 Nov / 24 Nov, 2023Price Band (Rs.) 160 – 169Issue Size (Rs.) – 5,006 mnFace Value (Rs) 2Lot Size (shares) 88 Gandhar Oil Refinery India Ltd. (GORIL) is incorporated in 1997, is a widely known name in the world of Speciality Oils. Gandhar is a leading manufacturer of white oils by revenue, engaged in producing...
Market Morning Notes For 21st Nov 2023
Markets remained under pressure on Monday with BSE Sensex closing near 50 DMA while Bank Nifty ended flat despite sharp selloff in rupee against EURO, GBP and JPY. The sharp decline in Dollar Index is likely to aggravate further selling pressure as carry trade unwinding may force selling in Indian Bonds abroad. From a Nifty perspective crucial support based on diamond top formation is placed...
Indian Renewable Energy Development Agency Limited (IREDA) – Subscribe
Highlights Issue Size –: 671,941,177 sharesIssue Open/Close – Nov 21 /Nov 23, 2023Price Band (Rs.) 30 – 32Issue Size (Rs.) – 21,502 mnFace Value (Rs) 10Lot Size (shares) – 460 Indian Renewable Energy Development Agency Limited (IREDA) was incorporated in 1987, is a wholly owned Government of India enterprise under the administrative control of the Ministry of New and...
Market Morning Notes For 20th Nov 2023
Markets succumbed to selling pressure on Friday on back of 1 pct decline Nifty Bank but gains in IT & Auto sector helped Nifty to restrict losses below 0.3 pct. The India VIX fell marginally short of weekly breakout of 18.9 but risk of major breakdown in Bank Nifty remains very likely in near term after Nifty Bank posted failure to cross the 50 DMA. The sharp fall in Dollar Index on...
Tata Technologies Limited (Subscribe)
Highlights Issue Size –: 60,850,278 sharesIssue Open/Close – Nov 22 /Nov 24, 2023Price Band (Rs.) 475 – 500Issue Size (Rs.) – 30,425 mnFace Value (Rs.) 2Lot Size (shares) – 30 Tata Technologies Limited (TTL) incorporated in 2001, is a part of the Tata Group, which has been recognized as the most valuable brand in India. TTL a leading global engineering services company offering...
Top 6 Investment Lessons To Learn From This Cricket World Cup 2023
Amid the World Cup enthusiasm, the spotlight on India’s remarkable performance has captivated even the busiest individuals, prompting widespread admiration for the team’s prowess. While India has effortlessly clinched most victories, certain matches, notably against New Zealand, demanded tenacity and effort to secure success. The unexpected resurgence of Australia, teetering on...
Market Morning Notes For 17th Nov 2023
Markets continued to face divergent trend on Thursday with Nifty 50 managing to post gains of around 0.5% while Bank Nifty ended in marginal negative terrain after failure to sustain above 50 DMA. As financial hold more than 35% weight in Nifty, a failure to sustain above 50 DMA in Bank Nifty poses major threat for broader market and this comes at a time when India VIX has also been rising...