Market Morning Notes For 3rd Nov 2023
Markets on Thursday reacted positively to U.S Fed rate pause which helped Nifty reclaim closing above 19,100 on back gains from PSU Banks and metals stocks while Nifty 50 Index ended with indecisiveness setup of doji star. As markets have witnessed change of polarity, earlier low of 19,333 is likely to act as major hurdle in the near term with 19,333 to be kept as stoploss of short positions...
Market Morning Notes For 2nd Nov 2023
Markets succumbed to selling pressure on Wednesday ahead of the FOMC monetary policy meeting with Nifty closing below crucial support of 18,990, thus opening gates for deeper downside in near term. The Fed kept status quo in policy rates at 5.25-5.5 pct as expected. Comments suggested that interest rates may not rise further this year, especially as the U.S. economy cools. The outlook for...
Honasa Consumer Limited (Avoid)
Highlights Issue Size –: 52,513,594 shares Issue Open/Close – Oct 31 /Nov 02, 2023Price Band (Rs.) 308 – 324Issue Size (Rs.) – 17,014 mnFace Value (Rs) 10Lot Size (shares) 46 Honasa Consumer Limited (HCL) incorporate in 2016, is the largest digital-first beauty and personal care (BPC) company in India in terms of revenue from operations for the FY23 and it is focused on beauty and...