Ideaforge Technology IPO (May Subscribe)
IdeaForge Technology Limited (May Subscribe) Issue Size – 8,632,125 – 8,441,763 sharesIssue Open/Close – June 26 /June 29, 2023Price Band (Rs.) 638-672Issue Size- Rs 5510-5670 mnFace Value (Rs) – 10Lot Size (shares) 22 IdeaForge Technology Limited (ideaForge) was incorporated on February 8, 2007. This Company is the pioneer and the pre-eminent market leader in the Indian unmanned...
Cyient DLM Limited IPO
Issue Size – 23,718,297 – 22,373,584 sharesIssue Open/Close – June 27 /June 30, 2023Price Band (Rs.) 250-265Issue Size- Rs 5920 mnFace Value (Rs) – 10Lot Size (shares) 56 Incorporated in 1993, Cyient DLM Limited provides Electronic Manufacturing Services (EMS) and solutions. The company provides Electronic Manufacturing Services such as Build to Print (B2P) and Build to...
Market Morning Notes For 27th June 2023
Markets ended with a marginal gain after trading in a narrow range on Monday and formed a small doji star on a candlestick. There is strong support seen in Sensex at 62802 which turned out to be low on 20th June 2023 and if this support is held on even in today’s trading session, we expect weekly closing to occur with gains of 2-3% over the previous week. In Nifty 50 spot terms, the...
Weekly Market Wrap From 19th June to 23rd June 2023
Nifty near an all-time high, Monsoon progress, global cues in the limelight Benchmark indices inched towards new highs as optimism over the domestic economy and FII inflows boosted investors’ confidence. Volatile was high with Nifty closing the week above the crucial support level of 18600, while the Bank Nifty once again struggled to hold 44000 level. For the week, the Nifty fell 0.8 pct...
Market Morning Notes For 26th June 2023
Markets activity last week remained range bound with final closing occurring with losses of less than 1% as Nifty failed to cross its all-time high. The weakness was seen mainly on the back of selling in financials and rout from Adani Group stocks which fell after the U.S. SEC began an inquiry into its financial statements. The larger picture for Nifty points out to an ultimate target of...
Market Morning Notes For 22nd June 2023
Markets extended gains on Tuesday to cross the 18850 mark in Nifty while the broader market remained laggard ahead of PM Modi’s U.S. visit. For Nifty, the breakout was activated in Nifty Top 9 stocks index which may help Nifty to surge 700-800 points in the near term while broader market may see further underperformance. We expect major short covering to occur above 18900 for immediate target...
Market Morning Notes For 21st June 2023
Nifty rebounded sharply from support zone of 18,669 to finally ending in the positive terrain and negated the short-term downtrend. The rebound occurred mainly from strength emerging from Nifty Top 9 stocks which has seen signs of major accumulation and is on a verge of ending diagonal breakout. The Nifty Top 9 stocks currently carry weightage of 49% and should act as a key catalyst for...
Market Morning Notes For 20th June 2023
Markets ended lower after Nifty failed to sustain above 18,900 and led to the formation of dark cloud cover on a daily candlestick chart. The short-term breakout in Nifty is seen above 18,669 and as long it holds above the same, there is a strong possibility of the current rally extending towards 19,200. On the global front, Fed Chair Jerome Powell will give his semi-annual report to...
Market Morning Notes For 19th June 2023
Markets for the week surged 1.5% to post weekly closing at lifetime highs after the U.S Fed paused rate hike and domestic inflation cooled down. The sustenance of India VIX below 11% mark has provided necessary cushion for Nifty to aim at 19194 and Prime Minister U.S. visit on 22 June may further boost up investment sentiment for India. For Nifty, immediate support is seen at 18741 in...