Market Morning Notes -15th Sept 2023
Markets ended with marginal gains, but Sensex failed to close above the crucial resistance of 67619 ahead of ECB meet yesterday. The India VIX retreated from 12 to 11.5on expectation of Chinese stimulus while Brent Crude has now crossed above USD 94 a bbl and should be positioned to test USD 107 a bbl by the next week on basis of long-term breakout. The formation of bearish engulfing...
Rolex Rings Ltd.: (SUBSCRIBE FOR LONG-TERM)
Issue Size- 81.22-81.36 lakh sharesIssue Open/Close – Jul 28/Jul 30, 2021Price Band (Rs) 880-900Issue Size- 7.16-7.31 bnFace Value (Rs) 10Lot Size (shares) 16 Rolex Rings Limited is one of the top five forging companies in India and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two...
Pre Market Analysis – 13th Jul 2021
Nifty witnessed selling in last hour of trade to erase its opening gains on Monday and closed below the 15,700 mark. The weakness was mainly on back of selling in 10-year bond prices where India 10-year bond yield crossed 6.2% and this may put further pressure on rupee in the near-term. Although, trading range of 15,620-15,900 prevails for almost for a months, but markets remains...