GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening in Saturday’s special session. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 45.50 points or 0.21% at 22,551 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Saturday’s special session. Previously, on Friday, the NSE Nifty 50 ended up by 62.25 or 0.28% to settle at 22,466.10 while the BSE soared 253.31 points or 0.34% to 73,917.03.
“Despite mixed global signals and uncertainties surrounding the US Fed, the Indian market experienced a robust recovery, largely fuelled by the outperformance of the broader market and positive Q4 earnings, Geojit Financial Services.
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Read moreGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 71.50 points or 0.29% at 24,887 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. On Wednesday, the NSE Nifty 50 closed the session 71.35 points or 0.29% higher at 24,770.20, while the BSE Sensex rose 102.44 points or 0.13% to close at 80,905.30.
Stocks to watch on August 22, 2024
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Read moreGIFT Nifty traded down 23 points, or 0.12%, at 19,570.5, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously on Wednesday, the NSE Nifty 50 fell 140.40 points or 0.71% to settle at 19,671.10, while the BSE Sensex shed as much as 551.07 points to 65,877.02.
“Nervousness remained high amidst deepening Middle-East tensions, as Israel-Palestine conflict deepens. Other negative factors such as Uninspiring Q2 from corporate India Inc, the 10-year US Treasury yields spiking to 4.85%, rising expectations of one more interest rate increase from the Fed, and anxiety ahead of Powells Thursday’s speech continue to weigh on the sentiment. Technically, Nifty’s biggest support is placed at the 19,509 mark, while confirmat…
Read moreBy Gaurav Arora
The April series Nifty futures is currently trading with a premium of around 240 points.
For the Index futures, FII Net Index Long exposure is at 35% which is more or less stagnant since the start of Mar series.
The Index is likely to consolidate in the range of 21,800-22,250 before any meaningful move. However, we believe, it may ultimately resume its uptrend.
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21,700-21,800 might be th…
Read moreStocks in Focus: GIFT Nifty traded flat at 19,222 down merely 3.5 points or 0.02%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously on Monday, the NSE Nifty 50 soared 93.65 points or 0.49% to settle at 19,140.90, while the BSE Sensex climbed 329.85 points or 0.52% to 64,112.65.
“The domestic market mirrored the upbeat European & Asian markets, as geopolitical risk in West Asia continues. Equities are experiencing a short-term bounce after the heavy selling last week, as crude moderates and Q2 results provide some relief. But a full containment will depend on a radical fall in geopolitical risk and global bond yield. Crucially, this week’s US FED meeting is forecast to hold the status quo. Holding …
Read moreTata Technologies on Thursday fixed the price band at Rs 475-500 per equity share for its Rs 3,042-crore initial public offering (IPO). The public issue will open for public subscription on November 22 and close on November 24. The anchor book will be opened for a day on November 21, the company said.
This will be the first company from the Tata Group to float an initial share sale in nearly two decades. Tata Consultancy Services was the last IPO from the group in 2004.
The IPO of Tata Technologies is entirely an offer for sale (OFS) of more than 60 million (60,850,278) shares by promoter Tata Motors and investor shareholders Alpha TC Holdings and Tata Capital Growth Fund I. Since the issue is entirely an OFS, the company will not receive any proceed from the off…
Read moreThe broader market has been seeing substantial selling pressure in the last one month starting February 19. Most market observers believe this is primarily on the back of the SEBI Chief’s comment highlighting “There are pockets of froth in the market.”
Since February 19, over 80% of stocks in the BSE Small Cap Index have seen negative returns, contrasting with a nearly one percent gain in the Nifty during the same period.
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The BSE Small Cap Index witnessed a significant decline of 7% over the past month, indicating a notable downturn in stocks with smaller market cap. The BSE Midcap Index experienced a relatively lesser decline of 2.24%, suggesting a mo…
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