Market Morning Notes 9th July 2024
Market activity on Monday remained muted with Bank Nifty ending in negative terrain while Nifty 50 managed to recover in the last hour of trade to end with small doji star on candlestick. As markets have entered into major resistance zone, a surge in India VIX can be an alarming signal of a larger market decline. In the short term, crucial support is seen at 24,170 below which, we may see a...
Market Morning Notes 8th July 2024
Markets for the week ended with gains of over 1% to help Nifty close above 24,300 despite crude prices posted gains for the fourth week in a row. From the current juncture, the risk for Indian markets remains elevated and a 4% down move in USDJPY is likely to trigger major unwinding pressure in Indian markets. From a short-term perspective, 24,170 is seen as a key support below which the...
Market Morning Notes 5th July 2024
Markets cooled from day’s high in the last hour of trade to finally settle with marginal gains above 24,300. With sustained rally in the past few days, the short-term oscillators are in overbought condition and correction back towards 24,000 is not ruled out in the coming days. Overall outlook for market may turned bearish if USDJPY see a breach below 160 mark. Nifty 50 Chart Stocks...
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Market Morning Notes 4th July 2024
Markets extended its uptrend with the Nifty comfortably holding above 24,000 levels and the Sensex surpassing 80,000 mark in intraday trade. Nifty is right now in its 5th consecutive week wherein it has not closed even a single session below its previous day’s low. A huge outperformance from Bank Nifty was seen against Nifty in its weekly expiry session yesterday owing to the spike...
Market Morning Notes 3rd July 2024
Markets cooled off from the day’s high on Tuesday to close in marginal negative terrain while the Bank Nifty suffered deeper cuts of around 1%. With Nifty comfortably holding above 24,000, the upside potential towards 24,700 still remains intact and a sharp fall in JPYINR may act as a catalyst for the current rally to continue further. We expect positive momentum to accelerate above 24,237...
Bansal Wire Industries Ltd. (Apply for Listing Gains)
Highlights Issue Size –: 29,101,562 sharesIssue Open/Close – 03 July / 05 July, 2024Price Band (Rs.) 243 – 256Issue Size (Rs.) – 7,450 mnFace Value (Rs) 5Lot Size (shares) 58 Bansal Wire Industries Limited (BWIL) incorporated in 1985, The company, along with its subsidiaries offers over 3000 SKUs in three broad segments, i.e., high carbon steel wire, mild steel wire...
Emcure Pharmaceuticals Ltd. (Apply for Listing Gains)
Highlights Issue Size –: 19,365,346 sharesIssue Open/Close – 03 July / 05 July, 2024ce Band (Rs.) 960 – 1008Issue Size (Rs.) – 19,520 mnFace Value (Rs) 10Lot Size (shares) 14 Emcure Pharmaceuticals Limited (EPL) incorporated in 1981, is an Indian pharmaceutical company engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products across...
Market Morning Notes 2nd July 2024
Markets extended gains on Monday with the Nifty comfortably cementing its positions above 24,000 with the FMCG sector gaining momentum along with broader markets. The Brent crude has surpassed the USD 85 a bbl mark and may pose major risk to emerging markets on move past USD 90 a bbl. For Nifty, the upside target of 24,750 remains a likely outcome in the coming days given sharp weakness seen...