Market Morning Notes For 27th July 2023
Markets opened with a gap up and managed to post gains of 0.5% ahead of FOMC. The key trigger which may act as a major reversal in Indian markets would be a decline in USDJPY and a simultaneous rise in Brent Crude prices. The Nifty may see a sustained decline on move below 19,600 with immediate reaction expected towards 19,100. USDJPY is positioned to move towards 130 in the near term while a...
Market Morning Notes For 26th July 2023
Markets ended on a flat note after an initial attempt to breach crucial support of 19,600 while India’s VIX tanked to the 10.2% mark on expectation of Fed commentary would turn dovish after the last hike of 25 bps. The Sensex Top 9 stocks Index holds 67% weight within Sensex 30 showing signs of a major downturn with an immediate target of 7% lower. The recent Breakout in Brent Crude...
What are ITR Notices And How To Reply
The more awareness, the lesser the confusion, and the better the situation. As per a study, there has been a significant reduction in the quantity of ITR notices. While the specific number of such cases is not mentioned, experts believe that enhanced data collection and thorough investigation are the two main factors contributing significantly to this positive development. The...
Market Morning Notes For 25th July 2023
Markets extended losses on Monday on back of selling from ITC and Kotak Bank with Nifty 50 managing to outperform Sensex 30 due to comparative lower Giant Capitalisation concentration. In the short term, crucial support for Nifty is placed at 19,600 and below which, we expect selling pressure to aggravate further with a quick reaction seen at 19,100. The Brent crude prices have managed to...
Yatharth Hospital IPO Detailed (Subscribe)
Highlights Issue Size – : 23,744,672 – 22,885,023 sharesIssue Open/Close – Jul 26 /Jul 28, 2023Price Band (Rs.) 285-300Issue Size- Rs 6770 mm – 6870 mnFace Value (Rs) 10Lot Size (shares) 50 Yatharth Hospital and Trauma Care Services Limited, incorporated in 2008, is a multi-care hospital network. They are among the top ten largest private hospitals in Delhi’s National Capital...
Weekly Market Wrap From 17th July to 21st July 2023
Nifty faces hurdles near 20K; Fed Meeting, Q1FY24 results season in focus The benchmark indices gained for the fourth consecutive week despite a 1 pct decline on Friday which was mainly triggered by disappointing full-year guidance by Infosys. However, the sentiments were upbeat for the most part of the week on the demerger-led value unlocking of Reliance Industries and sustained FII...
Market Morning Notes For 24th July 2023
Markets for the week settled with gains of 0.9% after Friday’s meltdown in technology stocks obstructed Nifty’s momentum to test psychological mark of 20,000. The weekly chart of Sensex Top-9 stocks Index witnessed negative closing with formation of shooting star appearing near upthrust of rising wedge. This move indicates immediate downside of 7% in Sensex Top-9 stocks index which holds 65%...
Market Morning Notes For 21st July 2023
Markets scaled further to new highs on the back of a surge in Bank Nifty crossing above 46,000 levels and Reliance demerged stocks forming part of the Sensex and Nifty 50 Index. This occurred along with India VIX crossing its intermediate peak occurring on 5th Jul, while the Nifty 100 Equal Weighted Index continues to see the desperation to sustain at higher levels. Although, Nifty has...
Market Morning Notes For 20th July 2023
Markets advanced further to surpass 19,800 in Nifty during the last hour of trade with gains mainly on the back of a surge in Bank Nifty. The broader market Index – Nifty 100 Equal Weighted Index has formed a small rising wedge on the daily chart which shows the market is on the verge of completing its ending diagonal with an immediate reaction of 3% lower. We advocate a cautious...