Budget 2024 Date, Time and Expectations
Recent successes in state elections, setting a positive backdrop, have now focused attention on India’s upcoming Interim Budget for 2024. Rather than grand populist gestures, there’s an expectation of a shift towards policy continuity and sustainable growth. This blog explores the diverse expectations from Budget 2024, delving into key areas poised to shape the economic...
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Highlights Issue Size –: 23,030,000 sharesIssue Open/Close – 30 Jan / 01 Feb, 2024Price Band (Rs.) 129 – 135Issue Size (Rs.) – 3,109 mnFace Value (Rs) 10Lot Size (shares) 108 BLS E-Services Limited (BLSESL) incorporated in 2016, is a subsidiary of BLS International Services Limited and is a technology-enabled digital service provider, providing (i) Business Correspondents...
Market Morning Notes For 30th Jan 2024
Markets surged around 2 pct on Monday to recoup last week’s losses after Reliance Industries single-handedly contributed to Sensex gains by rallying 7 pct. The breakout in the ratio of Reliance Industries to Nifty 50 acted as a key trigger for momentum buying in Reliance Industries which may accelerate further in the coming days. In Sensex, the immediate upside is seen towards...
Market Morning Notes For 29th Jan 2024
Markets witnessed selling pressure last week on the back of weakness in the banking sector, but Sensex managed to defend its crucial support of 70665 and followed with closing above 50 DMA. A close above 70665 has reignited positive momentum and expect Sensex to retest to 73400 in the coming days. The trigger for accelerated momentum in the coming week may come from a sharp decline in India...
The Landscape Of Robo-Advisory in India
In the dynamic world of finance, technology is playing a pivotal role in reshaping traditional paradigms. One such disruptive force gaining prominence in India is robo-advisory. This innovative approach to wealth management is revolutionizing how individuals invest and plan for their financial futures. In this exploration, we will delve into the evolving landscape of robo-advisory in India,...
Market Morning Notes For 25th Jan 2024
Markets rebounded sharply from 50 DMA to post formidable gains and reconquered the resistance line placed at 70,665 led mainly by gains from technology and metal sectors. The oscillators in the past few days have seen cooling off from extreme overbought zone and provides necessary cushion for next leg of up move. With India VIX sustainably trading below the 15 mark despite hyper volatility,...
Market Morning Notes For 24th Jan 2024
Markets negated breakout on Tuesday after Sensex slipped below 70,665 triggering broad-based sell-off on back of expectations that SEBI is set to impose ultimate beneficial ownership norms for overseas investors w.e.f Feb 1. The midcap and small cap index saw deeper cuts of more than 3% while the pharma index being defensive posted gains of nearly 2%. From a short-term perspective, selling...
Market Morning Notes For 23rd Jan 2024
Markets for the week ended lower by 1.5% on back major selling from HDFC Bank with Sensex forming bearish engulfing pattern on the weekly chart. As prices are still trading above breakout levels of 70,665, we expect markets to be prone to upside bias with resistance seen at 75,000. The crucial aspect for the markets would depend on movement of volatility index. As long as India VIX continues...
Market Morning Notes For 19th Jan 2024
Markets extended weakness on Thursday with Sensex breaching short-term support of 71,500 and re-tested the earlier breakout zone of 70,650-70,665 with major pressure seen from IT and Banks. During yesterday’s decline, broader markets witnessed outperformance while India VIX declined and remained lower by 7%. The decline in India VIX may be hinting that put writers would have resumed...