Market Morning Notes For 30th November 2022
Markets witnessed narrow trading activity on Tuesday with Nifty 50 closing above the key hurdle of 18580 but broader markets remained on the weak side with midcap and small-cap indices closing in the negative terrain. The lower India VIX reading and Nifty 50 closing above 18580 could see further buying in the next few days from non-Financial to force a further 6% up move in the coming days....
Dharmaj Crop Guard Ltd IPO
Issue Size – 10.59-11.48 sharesIssue Open/Close – Nov 28/Nov 30, 2022Price Band (Rs.) 216-237Issue Size- Rs 2.48-2.51 bnFace Value (Rs) 10Lot Size (shares) 60 Dharmaj Crop Guard Limited (DCGL), an agrochemical company, is engaged in manufacturing, distributing, and marketing a wide range of agrochemicals such as insecticides, fungicides, herbicides, plant growth regulators, micro...
Market Morning Notes For 29th November 2022
Markets rallied on the back of gains from Reliance Industries and lower crude prices but failed to close above 18580 on the back of selling in Bank Nifty at higher levels. At the current juncture, markets are gearing for a major breakout, which is coming at a time when brent crude prices have entered the long-term support zone and Bank Nifty testing the resistance of a rising wedge. The...
Weekly Market Wrap For 21st To 25th November
Markets sees selling pressure; Derivative expiry to dictate the trend in coming week Nifty took a pause last week after a four week of consecutive gains as selling pressure was observed at higher levels on the back of profit booking. Nifty Bank however still managed to close higher in the week gone by. Volatility was also observed during the week as the tug-of-war between bulls and bears...
Uniparts India Ltd. IPO
Issue Size – 14,481,942 sharesIssue Open/Close – Nov 30/Dec 02, 2022Price Band (Rs.) 548-577Issue Size- Rs 794-836 bnFace Value (Rs) 10Lot Size (shares) 25 Uniparts India Limited (Uniparts) was incorporated on September 26, 1994. Uniparts India ltd is a global manufacturer of engineered systems and solutions, and it is one of the leading suppliers of systems and components for the...
How To Save Tax On Sale Of Residential Property In India?
Selling a property is usually a high-ticket deal, and hence the tax outflow on its profit generated could be heavy. The Indian Government has provided property sellers with many tax exemptions that can help reduce tax liability and, in some cases, even eliminate one’s taxes to be paid on such capital gains. In this blog, we will discuss the ways in which a seller of residential...
Market Morning Notes 28th November 2022
Markets for the week ended 1% higher mainly on the back of sharp gains in the technology sector thus helping Nifty 50 to close exactly at the 18513 mark with India VIX closing at a 52-week low. The lower reading ideally should act as a catalyst for a major breakout towards 19800 in Nifty 50 but with Bank Nifty testing the resistance of the “Rising wedge”, it becomes necessary for prices to...
Market Morning Notes 25th November 2022
Markets rallied on the expiry day on the back of 3% gains in Nifty IT which managed to pull Nifty 50 towards 18513 levels, but the closing was below the same. The sharp fall in India’s VIX below 13.5% has led to significant put writing around 18000 strikes which should ideally act as a catalyst for the Nifty 50 journey towards 19867. Hence for a breakout to be activated for its...
Market Morning Notes for 24th November 2022
Markets continued to feel the heat at higher levels with the Nifty 50 giving up most of its gains in last hour of trade to close on a flat note. The level of 18513 remains a key hurdle without which the market remains in an extreme danger zone with a potential target of 14700. At the current moment, volatility has squeezed to the lowest point on the back of the Nifty 500 Index moving towards...