Market Morning Notes For 11th November 2024
Markets failed to recover beyond 24,500 in the previous week and follow-up selling forced Nifty to end below the crucial support of 24,232 after Trump victory in the previous week. Indian markets are prone to sharp volatility below 24,232 with a potential target seen at 22,500. With weakness visible in consumption sector, we expect correction to turn broad based and financial stocks may...
Market Morning Notes For 8th November 2024
Markets erased Wednesday’s gains after Nifty dropped sharply by 1% after concerns emerged that Trump may resort to Tariff regime and limit H1B Visas for immigrants. The sharp wild swings in Nifty in the past few days is clear signs of instability in the markets and the next decline could be towards 22,000. The next few days 23890 remains very crucial support, below which aggressive short...
Niva Bupa Health Insurance Ltd. (Avoid)
Highlights Issue Size –: 297,297,297 sharesIssue Open/Close – 7 Nov / 11 Nov, 2024Price Band (Rs.) 70 – 74Issue Size (Rs.) – 22,000 mnFace Value (Rs) 10Lot Size (shares) 200 Niva Bupa Health Insurance Company Limited (NBHIL) incorporate in 2008, is a is a joint venture between the Bupa Group and Fettle Tone LLP and it is a 3rd largest IRDAI-recognized Standalone Health Insurers...
Market Morning Notes For 7th November 2024
The rebound in global markets extended on Wednesday helping Nifty to end higher by more than a percent mainly on back of 4% surge in the Nifty IT Index. The Trump victory in US presidential election had a booster impact for US markets but may have a negative impact in Indian market as he emphasized on policy on illegal immigrants and limiting H1B visa that may impact Indian IT companies...
ACME Solar Holdings Ltd. (Avoid)
Highlights Issue Size –: 100,346,022 sharesIssue Open/Close – 6 Nov / 8 Nov, 2024Price Band (Rs.) 275 – 289Issue Size (Rs.) – 29,000 mnFace Value (Rs) 2Lot Size (shares) 51 ACME Solar Holdings Limited (ACME) incorporated on 2015, is one of the largest renewable energy independent power producers (IPP) in India and among the top 10 renewable energy players in India in terms of...
SWIGGY Limited (Neutral)
Highlights Issue Size –: 290,446,837 sharesIssue Open/Close – 6 Nov / 8 Nov, 2024Price Band (Rs.) 371 – 390Issue Size (Rs.) – 113,274 mnFace Value (Rs) 1Lot Size (shares) 38 SWIGGY Limited (SWIGGY) incorporated on 2013, is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app – to browse, select,...
Market Morning Notes For 6th November 2024
Markets on Tuesday witnessed sharp turnaround with Nifty rebounding from lows of 23,850 and ended higher by 1% on back of surge in Bank Nifty. In the past few days, Nifty has been unable to cross above the 200-exponential moving average on consistent basis and these could be signs of change of polarity. Change of Polarity occurs when earlier support turns in resistance and thus, we expect...
Market Morning Notes For 5th November 2024
Markets witnessed sharp decline on Monday with Nifty falling over 2% but managed to recoup some losses due to recovery in Bank Nifty but finally tally in Nifty was below 24,000. The breach of 24,232 last week on daily closing basis, had already signalled alarm bells for caution so Monday’s down move was not at all surprising. We can expect the selling pressure to accelerate further and may...
Market Morning Notes For 4th November 2024
Markets in month of October witnessed confirmed major long-term reversal after Nity declined more than 6% making it the single largest monthly decline after Covid phase in the year 2020 forcing Nifty to convincingly close below 24,500. On candlestick basis, a bearish belt hold line pattern was observed, and this would indicate November month could see further round of selling. Some of the...