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Share Market Closing Note

Nifty ends above 15,800, Sensex gains 300 pts; FMCG gains, metals drag.

Among sectors, FMCG, bank and capital goods indices rose 1-2 percent, while Metal index shed 1.5 percent.

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Topic :- Time:3.10 PM

Nifty spot if manages to trade and close above 15800 level then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow in the market. Avoid open sell positions for tomorrow.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 448.90.If it breaks and trade below 446.50 level then expect some decline in it and if it manages to trade and sustain above 449.20 level then some further upmove can follow in it.

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 52105.If it breaks and trade below 52100 level then expect some decline in it and if it manages to trade and sustain above 52140 level then some upmove can follow in it.

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Topic :- Time:1.15 PM

Just In:

Popular thyroid drug under a shadow for quality standards:

Abbott says it neither manufactured nor marketed the Thyronorm sample that was tested by authorities.

Abbott says sample tested by Telangana drug controller has been confirmed to be counterfeit

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Topic :- Time:1.00 PM

Nifty spot is trading at 15790.If it manages to trade and sustain above 15800 level then expect some upmove in the market and if it breaks and trade below 15770-15760 levels then some decline can be seen. Trade as per market trend and avoid big trades today.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 672.50.If it breaks and trade below 672 level then expect some decline in it and if it manages to trade and sustain above 673.20 level then some upmove can be seen in Copper.

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Topic :- Time:12.15 PM

Just In:

ITC shares rally continues as stock surges to 3-year high

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Topic :- Time:12.00 PM

Nifty is trading flat. Nifty spot if manages to trade and sustain above 15780 level then expect some further upmove in the market and if it breaks and trade below 15740 level then some decline can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty flat; metals, auto weak; PSBs, FMCG defy trend

2. Premium Content Jobs for 18-21 age group not so easy to get any more, shows data

3. Govt plans to make GST e-invoicing must for companies with Rs 5-cr turnover

4. Over 50% IndiGo flights delayed as crew members go for job interviews. Stock falls 4%

5. Heavy to very heavy rainfall in most parts of India during next 4 days: IMD

6. DGCA seeks clarification from IndiGo on flight delay; shares fall 4%

7. Automotive Axles surges 8%, hits record high on healthy business outlook

8. ONGC, Oil India extend fall; tank up to 20% in two days on windfall tax

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Topic :- Stocks in News

Hemisphere Properties India: Tata Sons Pvt Ltd has sold 59.85 lakh equity shares or 2.1 percent stake in the company via open market transactions during June 28-29. With this, Tata Sons shareholding in the company reduced to 11.97 percent, down from 14.07 percent earlier.

Glenmark Pharmaceuticals: The USFDA has issued Form 483 with one observation after an inspection at the companys formulation manufacturing facility based out of Aurangabad, India between June 27 and July 1, 2022.

Hero MotoCorp: The leading two-wheeler maker sold 4.85 lakh units of motorcycles and scooters in June 2022, a growth of 3.3% over 4.69 lakh units sold in the corresponding month of the previous fiscal. During the quarter ended June 2022, it sold 13.90 lakh units, a robust double-digit growth of 35.7 percent over 10.25 lakh units sold in same period last year.

CSB Bank: The private sector lender recorded a 16.16% year-on-year growth in gross advances at Rs 16,332.8 crore for the quarter ended June 2022 and total deposits grew by 8.65% to Rs 20,266.8 crore during the same period. Advances against gold & gold jewellery at Rs 7,099.33 crore, which is 43% of total advances, increased by 26.37 percent YoY in Q1FY23.

Eicher Motors: The company sold 61,407 units of Royal Enfield in June 2022, a growth of 43 percent over 43,048 units sold in same month last year, which included exports of 11,142 units that grew by 54% YoY. During the quarter, Eicher sold 1,87,205 units of Royal Enfield, up 51 percent over 1,23,640 units sold in same quarter previous year.

Ashoka Buildcon: The joint venture led by Ashoka Buildcon emerged as the lowest bidder for construction and maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur. The project cost is Rs 611 crore and construction period is 18 months from commencement date. The company has a joint venture with Cube Construction Engineering, wherein it holds 65 percent stake.

TVS Motor Company: The company registered a growth of 22 percent in June 2022 with sales of 3,08,501 units as against 2,51,886 units in June 2021, including two-wheelers sales of 23 percent YoY at 2,93,715 units in June 2022. Total exports grew by 8 percent YoY to 1,14,449 units in June 2022.

Mahindra & Mahindra: The automotive company sold 54,096 vehicles in June 2022, a growth of 64 percent over 32,964 vehicles sold in same month last year, while exports for the month were at 2,777 vehicles, increasing by 7 percent YoY. In June 2022, it sold 41,848 tractors, a fall of 13 percent compared to 48,222 units sold in corresponding month last year.

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Topic :- Investors Meetings on July 4

Nazara Technologies: Officials of the company will meet analysts and institutional investors in a non-deal roadshow organised by CLSA>

EKI Energy Services: Officials of the company will be participating and meeting with 10 investors through roadshow from July 4 till July 7 in Singapore.

Astrazeneca Pharma: Officials of the company will meet investors and analysts.

--------------------------------------------------------------------------------------------

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 04 July,2022:

Nifty is likely to remain volatile. Global cues and results will be guiding force.

Nifty spot if manages to trade and sustain above 15800 level then expect some more short covering in the market and if it breaks and trade below 15700 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------

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Share Market Closing Note

Nifty ends above 15,800, Sensex gains 300 pts; FMCG gains, metals drag.

Among sectors, FMCG, bank and capital goods indices rose 1-2 percent, while Metal index shed 1.5 percent.

--------------------------------------------------------------------------------------------

Topic :- Time:3.10 PM

Nifty spot if manages to trade and close above 15800 level then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow in the market. Avoid open sell positions for tomorrow.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 448.90.If it breaks and trade below 446.50 level then expect some decline in it and if it manages to trade and sustain above 449.20 level then some further upmove can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 52105.If it breaks and trade below 52100 level then expect some decline in it and if it manages to trade and sustain above 52140 level then some upmove can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.15 PM

Just In:

Popular thyroid drug under a shadow for quality standards:

Abbott says it neither manufactured nor marketed the Thyronorm sample that was tested by authorities.

Abbott says sample tested by Telangana drug controller has been confirmed to be counterfeit

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Nifty spot is trading at 15790.If it manages to trade and sustain above 15800 level then expect some upmove in the market and if it breaks and trade below 15770-15760 levels then some decline can be seen. Trade as per market trend and avoid big trades today.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 672.50.If it breaks and trade below 672 level then expect some decline in it and if it manages to trade and sustain above 673.20 level then some upmove can be seen in Copper.

--------------------------------------------------------------------------------------------

Topic :- Time:12.15 PM

Just In:

ITC shares rally continues as stock surges to 3-year high

--------------------------------------------------------------------------------------------

Topic :- Time:12.00 PM

Nifty is trading flat. Nifty spot if manages to trade and sustain above 15780 level then expect some further upmove in the market and if it breaks and trade below 15740 level then some decline can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty flat; metals, auto weak; PSBs, FMCG defy trend

2. Premium Content Jobs for 18-21 age group not so easy to get any more, shows data

3. Govt plans to make GST e-invoicing must for companies with Rs 5-cr turnover

4. Over 50% IndiGo flights delayed as crew members go for job interviews. Stock falls 4%

5. Heavy to very heavy rainfall in most parts of India during next 4 days: IMD

6. DGCA seeks clarification from IndiGo on flight delay; shares fall 4%

7. Automotive Axles surges 8%, hits record high on healthy business outlook

8. ONGC, Oil India extend fall; tank up to 20% in two days on windfall tax

--------------------------------------------------------------------------------------------

Topic :- Stocks in News

Hemisphere Properties India: Tata Sons Pvt Ltd has sold 59.85 lakh equity shares or 2.1 percent stake in the company via open market transactions during June 28-29. With this, Tata Sons shareholding in the company reduced to 11.97 percent, down from 14.07 percent earlier.

Glenmark Pharmaceuticals: The USFDA has issued Form 483 with one observation after an inspection at the companys formulation manufacturing facility based out of Aurangabad, India between June 27 and July 1, 2022.

Hero MotoCorp: The leading two-wheeler maker sold 4.85 lakh units of motorcycles and scooters in June 2022, a growth of 3.3% over 4.69 lakh units sold in the corresponding month of the previous fiscal. During the quarter ended June 2022, it sold 13.90 lakh units, a robust double-digit growth of 35.7 percent over 10.25 lakh units sold in same period last year.

CSB Bank: The private sector lender recorded a 16.16% year-on-year growth in gross advances at Rs 16,332.8 crore for the quarter ended June 2022 and total deposits grew by 8.65% to Rs 20,266.8 crore during the same period. Advances against gold & gold jewellery at Rs 7,099.33 crore, which is 43% of total advances, increased by 26.37 percent YoY in Q1FY23.

Eicher Motors: The company sold 61,407 units of Royal Enfield in June 2022, a growth of 43 percent over 43,048 units sold in same month last year, which included exports of 11,142 units that grew by 54% YoY. During the quarter, Eicher sold 1,87,205 units of Royal Enfield, up 51 percent over 1,23,640 units sold in same quarter previous year.

Ashoka Buildcon: The joint venture led by Ashoka Buildcon emerged as the lowest bidder for construction and maintenance of Rajiv Gandhi Fintech Digital Institute, Jodhpur. The project cost is Rs 611 crore and construction period is 18 months from commencement date. The company has a joint venture with Cube Construction Engineering, wherein it holds 65 percent stake.

TVS Motor Company: The company registered a growth of 22 percent in June 2022 with sales of 3,08,501 units as against 2,51,886 units in June 2021, including two-wheelers sales of 23 percent YoY at 2,93,715 units in June 2022. Total exports grew by 8 percent YoY to 1,14,449 units in June 2022.

Mahindra & Mahindra: The automotive company sold 54,096 vehicles in June 2022, a growth of 64 percent over 32,964 vehicles sold in same month last year, while exports for the month were at 2,777 vehicles, increasing by 7 percent YoY. In June 2022, it sold 41,848 tractors, a fall of 13 percent compared to 48,222 units sold in corresponding month last year.

--------------------------------------------------------------------------------------------

Topic :- Investors Meetings on July 4

Nazara Technologies: Officials of the company will meet analysts and institutional investors in a non-deal roadshow organised by CLSA>

EKI Energy Services: Officials of the company will be participating and meeting with 10 investors through roadshow from July 4 till July 7 in Singapore.

Astrazeneca Pharma: Officials of the company will meet investors and analysts.

--------------------------------------------------------------------------------------------

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 04 July,2022:

Nifty is likely to remain volatile. Global cues and results will be guiding force.

Nifty spot if manages to trade and sustain above 15800 level then expect some more short covering in the market and if it breaks and trade below 15700 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------

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On Monday, the rupee recovered some of its earlier losses and finished level versus the US dollar at 78.94 (provisional). At the interbank foreign exchange market, the local currency started the day at 78.97 versus the US dollar and dropped as low as 79.06 during the day.

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Akasa Air, a low-cost carrier backed by ace investor Rakesh Jhunjhunwala, is preparing to take flight by the end of July.

Low cost-carrier Akasa Air, expected to start flights by the end of July, has revealed the uniform that its crew will don.

The uniform has a comfortable look. It is comprised of orange jackets, black trousers and sneakers that blend both the colours.

Akasa Air said in a press note on July 4 that the uniform reflected its "friendly and happy personality". 

"Akasa Air is the first Indian airline to have introduced custom trousers, jackets, and comfortable sneakers for its airline in-flight crew," the airline added. "The uniform is inspired by the company’s core beliefs of employee centricity and sustainability." 

Akasa Air, backed by ace investor Rakesh Jhunjhunwala, had dropped a teaser of its crew's look just a day before.

The video had drawn a response from Jet Airways CEO Sanjiv Kapoor , who lauded the inclusion of sneakers in the crew's look.

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The minister, who chaired a roundtable with stakeholders to discuss SUP alternatives, said there is a lot of confusion among the public and even some government agencies regarding the items covered under the ban.