Sanstar Limited (Apply for Listing Gains)
Highlights Issue Size –: 53,700,000 sharesIssue Open/Close – 19 July / 23 July, 2024Price Band (Rs.) 90 – 95Issue Size (Rs.) – 5,101 mnFace Value (Rs) 2Lot Size (shares) 150 Sanstar Limited (SL), incorporated in 1982, is one of the major manufacturers of plant-based specialty products and ingredient solutions in India for food, animal nutrition and other industrial...
Market Morning Notes 18th July 2024
Markets formed back-to-back doji star on Tuesday which is a sign of indecisiveness but with closing turning on positive side bulls had an upper end. Despite rise in India VIX, Nifty has been able to inch higher and a move above 24,700 could open gates towards 25,300 in the near term due to ‘range breakout’. We expect last leg of rally to be driven by defensive sectors like FMCG and Pharma...
Market Morning Notes 16th July 2024
Market opened on a positive note for the week, with Nifty post modest gains on the back of rebound in banking stocks, while the India VIX crossed above 14 mark ahead of Union Budget. At present, although Nifty has a room to rally to 24,800 but the short-term parameters suggest a highly overbought zone which may lead to sharp reversal in the coming days. An appearance of doji star in...
Market Morning Notes 15th July 2024
Markets managed to post weekly gains of around less than a percent on Friday after IT sector index surged nearly 5% to help Nifty surpass 24,500 mark while broader market movement remained subdued. With sharp slide in USDJPY on Friday, we expect selling pressure in Banking sector to continue with Bank Nifty expected to test 51,500. For Nifty, the upper range is seen at 24700 based on...
Market Morning Notes 12th July 2024
Market activity on Thursday remained range bound with Nifty trimming losses in the last hour of trade on the back of short covering forcing Nifty futures to end in marginal positive terrain. The outlook for market from hereon has turned cautious due to sharp decline in USDJPY below 160 and GBPINR crossing all-time high mark of 107.90 which may trigger fresh round of selling from FIIs. We...
Market Morning Notes 11th July 2024
Markets witnessed wider swings on Wednesday with Nifty declining over 250 pt in initial trade but managed to recover to finally end with losses of 100 pts. The rise in India VIX suggests that the market could remain under pressure for the next few days and a breach below 24,170 could trigger larger decline towards 23,700 in the coming days. Results Today – TCS Sensex Chart Stocks...
Market Morning Notes 10th July 2024
Markets managed to post gains on Tuesday to help Nifty close above 24,400 with maximum gains attributing to Auto sector while India VIX surged more than 5%. In the past few days, India VIX has already rallied from 12.5 to 14.5 thus increasing the risk of a correction. However, the larger correction may only be triggered if Nifty 50 breaks the 24,170 mark. On the upside, the upper range of...
Market Morning Notes 9th July 2024
Market activity on Monday remained muted with Bank Nifty ending in negative terrain while Nifty 50 managed to recover in the last hour of trade to end with small doji star on candlestick. As markets have entered into major resistance zone, a surge in India VIX can be an alarming signal of a larger market decline. In the short term, crucial support is seen at 24,170 below which, we may see a...
Market Morning Notes 8th July 2024
Markets for the week ended with gains of over 1% to help Nifty close above 24,300 despite crude prices posted gains for the fourth week in a row. From the current juncture, the risk for Indian markets remains elevated and a 4% down move in USDJPY is likely to trigger major unwinding pressure in Indian markets. From a short-term perspective, 24,170 is seen as a key support below which the...