Market Morning Notes 6th August 2024
Markets fell sharply yesterday following weak global market cues after Bank of Japan raised interest rates following which there were fears of Yen carry trade unwinding globally. India VIX was up sharply yesterday and closed near 20 levels. For Nifty, the crucial support was placed at 24,700 and below same, immediate reaction is expected towards 22,500. Results Today – Bata India,...
Market Morning Notes 5th August 2024
Markets posted weekly losses of less than 0.5% on back of sharp surge in Japanese yen but Indian markets managed to decouple to a larger extent despite selling in global markets. With USDJPY drifting below 150, we expect major unwinding in carry trades which eventually spreads contagion effect in the Indian markets. For Nifty, the crucial support was placed at 24,700 and below same, immediate...
Market Morning Notes 2nd August 2024
Nifty traded in less than half a percent band on its weekly expiry session yesterday before ending bit higher above the 25k mark. Global markets have panicked since last night as tensions have escalated further between Isreal and Hezbollah after the former killed top Hezbollah commander in retaliation. So Asian markets in red today. We expect market to remain under pressure and expect Nifty...
Market Morning Notes 1st August 2024
Nifty continued to trade in less than a percent band broadly within its previous day’s range. Nifty missed touching the psychological mark of 25,000 once again. However with Bank Nifty’s monthly expiry due today, the banking stocks could likely help Nifty to overcome the the 25k mark. Daily charts continue to remain open for 25200 / 25350 with support seen at 24,700. Globally, the US...
Ola Electric Mobility Ltd. (Subscribe)
Highlights Issue Size –: 808,626,207 sharesIssue Open/Close – 02 Aug / 06 Aug, 2024Price Band (Rs.) 72 – 76Issue Size (Rs.) – 61,455 mnFace Value (Rs) 10Lot Size (shares) 195 Ola Electric Mobility Limited (OLA) incorporated on 2017, is a pure EV player in India and are building vertically integrated technology and manufacturing capabilities for EVs and EV components,...
Ceigall India Limited. (Subscribe)
Highlights Issue Size –: 31,238,480 sharesIssue Open/Close – 01 Aug / 05 Aug, 2024Price Band (Rs.) 380 – 401Issue Size (Rs.) – 12,526 mnFace Value (Rs) 5Lot Size (shares) 37 Ceigall India Limited (CIL) incorporated on 2002, is an infrastructure construction company with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges,...
Market Morning Notes 31st July 2024
Markets formed small doji with inside bar on Tuesday after prices ended on a flat note after initial attempt to cross 25,000 mark in Nifty. With Bank of Japan raising interest rates by 25 bps, it is likely to trigger major appreciation in JPYINR in the near term with potential upside seen 7-9%. From Indian markets perspective, rising Japanese yen could trigger negative impact for Nifty with...
Akums Drugs and Pharmaceuticals Ltd. (Apply)
Highlights Issue Size –: 27,345,162 sharesIssue Open/Close – 30 July / 01 Aug, 2024Price Band (Rs.) 646 – 679Issue Size (Rs.) – 18,567 mnFace Value (Rs) 2Lot Size (shares) 22 Akums Drugs and Pharmaceuticals Limited (ADPL) incorporated on 2004, is a pharmaceutical contract development and manufacturing organization (CDMO) offering a comprehensive range of pharmaceutical...
Market Morning Notes 30th July 2024
Markets cooled off from day’s high to end on a flat note yesterday after Nifty failed to clear the psychological mark of 25,000 with India VIX ending with gains of more than 3%. We expect market to remain under pressure on back of hanging man pattern appearing in the previous week and expect Nifty to trigger major breakdown on close below 24,700. Results Today – Dixon, IOC, Tata Consumer,...