Market Morning Notes For 7th Nov 2023
Markets on Monday ended with gains of around 1 pct to help Nifty close above 19,400 with rally mainly backed by commodity related stocks while Bank Nifty exhibited signs of indecisiveness of doji star for the third consecutive trading session. At the current juncture, the Dollex 30 i.e., Sensex in USD terms has moved closer to test its 100 EMA and a re-tested the resistance of triangle which...
ESAF Small Finance Bank Ltd. (Subscribe)
Highlights Issue Size –: 77,166,667 sharesIssue Open/Close – Nov 3 /Nov 07, 2023Price Band (Rs.) 57 – 60Issue Size (Rs.) – 4,640 mnFace Value (Rs) 10Lot Size (shares) 250 ESAF Small Finance Bank Limited (ESFBL) incorporated in 2016, is a small finance bank with a focus on unbanked and under-banked customer segments, especially in rural and semiurban centres. ESAFL commenced its business...
Weekly Market Outlook From 30th Oct to 3rd Nov 2023
Markets volatile; Q2 results, geopolitics in focus. Markets rallied taking cues from positive markets after the U.S. Fed maintained its stance on interest rates, fueling expectations that the central bank has concluded its rate hikes. Positive auto sales figures, an increase in GST collection, robust factory data, and Q2 earnings surpassing estimates also contributed to the positive...
Market Morning Notes For 6th Nov 2023
Markets extended gains in line with positive global cues after the U.S. Fed maintained its stance on interest rates. With the Fed’s decision out of the way, investors will turn their attention to corporate earnings, now in their last leg. In addition, domestic and global macroeconomic data, foreign capital inflow, US bond yield, ongoing Israel Hamas conflict, risk of US market...
Market Morning Notes For 3rd Nov 2023
Markets on Thursday reacted positively to U.S Fed rate pause which helped Nifty reclaim closing above 19,100 on back gains from PSU Banks and metals stocks while Nifty 50 Index ended with indecisiveness setup of doji star. As markets have witnessed change of polarity, earlier low of 19,333 is likely to act as major hurdle in the near term with 19,333 to be kept as stoploss of short positions...
Market Morning Notes For 2nd Nov 2023
Markets succumbed to selling pressure on Wednesday ahead of the FOMC monetary policy meeting with Nifty closing below crucial support of 18,990, thus opening gates for deeper downside in near term. The Fed kept status quo in policy rates at 5.25-5.5 pct as expected. Comments suggested that interest rates may not rise further this year, especially as the U.S. economy cools. The outlook for...
Honasa Consumer Limited (Avoid)
Highlights Issue Size –: 52,513,594 shares Issue Open/Close – Oct 31 /Nov 02, 2023Price Band (Rs.) 308 – 324Issue Size (Rs.) – 17,014 mnFace Value (Rs) 10Lot Size (shares) 46 Honasa Consumer Limited (HCL) incorporate in 2016, is the largest digital-first beauty and personal care (BPC) company in India in terms of revenue from operations for the FY23 and it is focused on beauty and...
Market Morning Notes For 1st Nov 2023
Markets for the month of October settled with losses of 1.5% after recovery seen on last Friday which helped Sensex to post monthly closing above crucial support of 63,680. The larger setup on monthly line chart still suggests caution with Sensex prone to downside risk of 21% as long it holds below 64,160. The monthly closing trend line are often followed by long-term institutional investors...
Market Morning Notes For 31st Oct 2023
Markets rebounded on back of gains in large cap stocks while broader markets namely mid cap and small cap segment shown under performance. The gains were mainly seen from Nifty Service sector index and Reliance Industries, wherein Nifty Service sector index managed to end with gains after initial losses. Today being monthly closing, crucial level to watch in Sensex is 63,680 as it turns out...