Pre Market Analysis – 27th Jul 2021
Markets activity remain listless on Monday with Nifty oscillating in a narrow band of 15797-15893 and ended with small spinning top pattern on candlestick. The market is eyeing key event of Fed meet scheduled this Wednesday and Fed comments on tapering of massive stimulus. For the month, FII have sold more than Rs 14000 cr in spot exchanges and hence entire market is surviving on liquidity of...
Pre Market Analysis – 26th Jul 2021
Nifty last week remained largely range bound between 15,620-15,900 with action mainly restricted to small cap and midcap segment. With negative weekly closing, the Nifty remains weak and we may see renewed selling on close below 15,760. So far, major contributor for Nifty’s upward journey has been non-financial segment which contributes 65% weightage within Nifty 50. We may see significant...
Weekly Market Research by Fintoo – 24th July 2021
#uid-227889fbc1fb4a50 .heading h2 { line-height: 1.6em; font-weight: 400; } Markets drop in a volatile week Benchmark indices ended with small losses in a volatile trading week led by positive global market cues and a good start to Q1FY22 earnings season. Activity in the primary markets too remained upbeat which supported the overall sentiments. Global markets remained firm...
Pre Market Analysis – 23rd Jul 2021
Stock Market recovered its losses registered on Tuesday with Nifty gaining 192 points or 1.2% for the day. Gains were largely led by Infosys, ICICI Bank and Reliance Industries. The Nifty Metal index gained 3% and was the top sectoral gainer. For today’s trade, Q1FY22 results of Reliance Industries will be in focus. In addition, Zomato will list its shares on exchanges today after its initial...
Pre Market Analysis – 22nd Jul 2021
Nifty remained under pressure on Tuesday with selling from banking stocks as Bank Nifty closed with losses of 2% while Nifty ended well below 15650. Nifty currently remains positioned to hit 15100 in next few days as it has confirmed rising wedge breakdown below 15750 and same support will act as a major resistance. The FII suddenly sold nearly Rs 10000 crore in spot and futures markets in...
Daily Market Analysis – 22nd June 2021 (Adani Group)
Adani Power to acquire 1,200 MW Essar Power’s Mahan project The country’s largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatts (MW) Essar Power’s Mahan Project located at Singrauli district of Madhya Pradesh. According to industry sources, Adani Power will shell out close to Rs 3,000 crore for the Mahan Project....
Daily Market Analysis – 21st June 2021 (Tata)
Tata Plans to enter Big in Digital World with all the product offerings Tata Digital, part of all-rounder conglomerate TATA group, will soon start selling everything online via soon-to-be-launched ‘super app’ which includes right from groceries to electronics and also Financial Products like Insurance, Mutual funds and Loans. The salt-to-steel conglomerate’s digital entity is touted as...
Daily Market Analysis – 18th June 2021 (Insurance)
Religare plans ₹2,000cr IPO for Care Health Insurance Religare Enterprises is considering an initial public offer (IPO) of up to ₹2,000 crores for its health insurance subsidiary Care Health Insurance, where it plans to issue fresh shares, market insiders said. Management of REL is in discussions with investment banks for the proposed listing of the shares of Care Health and the IPO may...
Daily Market Analysis – 17th June 2021 (Dividend)
1. The government has mopped up 26,104.37 crores as dividend from 23 listed PSUs in FY21 so far, a 123.63% increase over the previous fiscal year, bringing welcome relief to a treasury that has taken a massive hit from two waves of the coronavirus pandemic. Bharat Petroleum Corp. Ltd (BPCL) leads the largest dividend-paying companies for the fiscal year 2021 with a dividend of ₹8,759.71...
