Indegene Limited (Subscribe)
Highlights Issue Size: 40,746,891 sharesIssue Open/Close – 06 May / 08 May 2024Price Band (Rs.) 430 – 452Issue Size (Rs.) – 18,417 mnFace Value (Rs) 2Lot Size (shares) 33 Indegene Limited (INDL) incorporate in 1998, provides digital-led commercialization services for the life sciences industry, including biopharmaceutical, emerging biotech and medical devices companies, that...
Market Morning Notes For 6th May 2024
Markets for the week ended with marginal gains after Friday’s decline wiped out most of the weekly gains and led to the formation of gravestone doji on candlestick. Gravestone doji in the past has been often associated with trend reversal provided prices trades firmly below its lowest point. In the current context, 22,348 in Nifty terms should be seen as a crucial support for maintaining its...
Market Morning Notes For 3rd May 2024
Markets witnessed listless trading activity on Thursday with Nifty ending with modest gains while Bank Nifty settled with marginal losses. At the current juncture, major push for markets is expected from Banking sector as BSE Bankex has already surpassed breakout resistance and could be poised for another 8% jump in the coming days while technology index has seen major selling. The key...
Market Morning Notes For 2nd May 2024
Markets witnessed last round of selling on Tuesday to force Nifty back towards 22,600 after initial attempt to cross all-time high. Despite volatility, the outlook for market remains robust and last round of selling is expected to get exhausted in a day or two as monthly candle has turned bullish one. US futures are trading green after the FED decided to keep rates stable. Despite...
Market Morning Notes For 30th April 2024
Markets zoomed towards higher levels on back of booster dose from Nifty Bank with the index surging 1200 points. A major breakout is active in Nifty Bank above 49,000 for a potential target of 54,500. Following a positive close in the US cash market, US futures trading higher. Asian markets are trading in green amid the supportive overnight cues. Crude remains constant amidst ceasefire...
Market Morning Notes For 29th April 2024
Markets ended red on Friday. Nifty ended ~0.7% at 22,419. Indian markets are well supported by Q4FY24 FY24 results. As long as the key support around Nifty 22300 remains undisturbed, the bullish trend is expected to continue. We expect positive momentum to accelerate further, with an immediate target seen towards 23,500 for the Nifty. The US Future is trading positive after the cash market...
Market Morning Notes For 26th April 2024
Markets for April expiry settled with strong gains with Nifty nearly away 1% from all time high and Nifty Bank activating a triangle breakout. We expect positive momentum to accelerate further with immediate target seen towards 23,500 for Nifty. The US Future is trading higher after the cash market ended red on Thursday due to weak economy data. In Asia most of the equity markets are...
Market Morning Notes For 25th April 2024
Markets ended slightly higher on Wednesday. The Nifty index is currently experiencing some resistance between the levels of 22,400 and 22,500. However, it has been able to stay above the lower end of this range. Indian stocks will start the day with a neutral to slightly negative tone, but there may be some volatility due to the expiry of the April series. US Futures trading lower after US...
JNK India Limited (Subscribe)
Highlights Issue Size –: 16,015,988 sharesIssue Open/Close – 23 Apr / 25 Apr, 2024Price Band (Rs.) 395 – 415Issue Size (Rs.) – 6,494 mnFace Value (Rs) 2Lot Size (shares) 36 JNK India Limited (JNKIL) incorporated in 2010, engage in the business of manufacturing of process fired heaters, reformers and cracking furnaces (together, the Heating Equipment) that are required in process...