Market Morning Notes For 10th May 2024
Markets witnessed wider cracks on Thursday, with Nifty 50 breaching psychological support of 22,000 on concerns that the NDA is unlikely to garner convincing majority in the Lok Sabha election, due to which India VIX shot beyond 18 mark. With weekly closing expected in the negative terrain, we expect selling pressure to prevail at higher levels. However, with sharp slide in Brent crude prices...
Market Morning Notes For 9th May 2024
Markets witnessed the last round of selling on Tuesday to force Nifty back towards 22,600 after an 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. Result Today – SBI, Asian Paints, BPCL Nifty 50 Chart Stocks to watch...
TBO Tek Ltd. (Subscribe)
Highlights Issue Size –: 40,746,891 sharesIssue Open/Close – 08 May / 10 May, 2024Price Band (Rs.) 875 – 920Issue Size (Rs.) – 15,508 mnFace Value (Rs) 1Lot Size (shares) 16 TBO Tek Limited (TBOTL) incorporated in 2006, is one of the leading travel distribution platforms in the global travel and tourism industry in terms of GTV and revenue from operations for FY23...
Market Morning Notes For 8th May 2024
Markets succumbed to selling pressure on Tuesday on back of uncertainty ahead of election results with India VIX climbing above 17 and Nifty Bank declining more than 1%. At present, Bank BEES i.e. Bank Nifty ETF has been consolidating in bullish triangle and could be positioned for a 11% upside in the near term after current throwback. For Nifty, positive weekly closing is required in order...
Aadhar Housing Finance Ltd. (Subscribe)
Highlights Issue Size –: 95,238,095 sharesIssue Open/Close – 08 May / 10 May 2024Price Band (Rs.) 300-315Issue Size (Rs.) – 30,000mnFace Value (Rs) 10Lot Size (shares) 47 Aadhar Housing Finance Limited (AHFL) backed by Blackstone, was incorporated in 1995 and is a housing finance company (HFC) targeting the lower income segment. They had the highest AUM and net worth among their...
Market Morning Notes For 7th May 2024
Market activity remained muted with Nifty forming inside bar like candle and is holding firmly above Friday low. The outlook for market remains positive given bullish formation of rising three methods in Bank Nifty Index and we expect Bank Nifty to rise 8-10 pct in the coming weeks. Meanwhile, a sharp surge in India VIX above 15 mark indicates heavy call buying action and we expect Nifty 50...
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...