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Share Market Closing Note
Benchmark indices ended on positive note in yet another volatile session on January 31.
At Close, the Sensex was up 49.49 points or 0.08% at 59,549.90, and the Nifty was up 13.20 points or 0.07% at 17,662.20. About 2368 shares have advanced, 1026 shares declined, and 131 shares are unchanged.
M&M, SBI, UltraTech Cement, Adani Ports and Adani Enterprises were among the top gainers on the Nifty, while losers were Bajaj Finance, TCS, Tech Mahindra, Britannia industries and Sun Pharma.
Except IT, pharma and oil & gas, all other sectoral indices are trading in the green.
The BSE midcap index gained 1.4 percent and the smallcap index rose 2.2 percent.
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Topic :- Time:3.00 PM
Tomorrow its the Budget day.Either avoid open positions for tomorrow or stay long in the market. Nifty spot if manages to trade and close above 17620 level then some further upmove can be seen in the Nifty in coming sessions and close below above mentioned level will result in some sluggish movement.
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Topic :- Time:2.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 6320.If it breaks and trade below 6300 level then expect some decline in it and if it manages to trade and sustain above 6345 level then some upmove can follow in Crudeoil.
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Topic :- TIme:2.15 PM
Just In:
Tech Mahindras budgeting, hiring and operational metrics to be reviewed monthly: CEO CP Gurnani
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Topic :- Time:2.00 PM
Nifty is volatile now. Nifty spot if manages to trade and sustain above 17680 level then expect some further upmove in the market and if it breaks and trade below 17620 level then some decline can follow in the market. Currently nifty is trading at 17652.
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Topic :- Time:1.10 PM
Nifty is likely to turn volatile now. Nifty spot if breaks and trade below 17600 level then expect some decline in the market and if it manages to trade and sustain above 17640 level then some upmove can follow in the Nifty.
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Topic :- Time:12.30 PM
In a bid to ensure safety of retail investors money, Indian bourses have lowered circuit limit of three Adani group stocks. As per the information available on BSE and NSE website, Indian bourses have lowered circuit limit of three Adani group stocks � Adani Transmission, Adani Green Energy and Adani Total Gas from 20 per cent to 10 per cent. BSE, NSE took this decision after heavy beating of the Adani stocks in last three sessions after shot seller Hindenburg Research raised concern over debt positioning of Adani group companies.
So, after revision of circuit limit, Adani Transmission share price today would have upper circuit limit at ₹1,881.10 apiece on BSE whereas it would have lower circuit limit placed at ₹1,539.10 levels. Adani Transmission share price had ended at ₹1693.15 apiece on BSE, losing to the tune of 15 per cent on Monday session.
Likewise, after lowering of circuit limit from 20 per cent to 10 per cent, Adani Green Energy share price today would have upper price band placed at ₹1,306.45 apiece on BSE whereas it would have lower price band fixed at ₹1,068.95 levels on the same bourse. Adani Green Energy share price had ended at ₹1187.70 apiece on BSE on Monday session.
Similarly, after revision of circuit limit, Adani Total Gas share price will have upper circuit limit at ₹2,582.40 apiece on BSE whereas it will have lower circuit limit at ₹2,112.90 on Tuesday session. Adani Total shares had closed at ₹2347.65 apiece levels on Monday session on BSE.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 778.If it holds below 780.50 level then expect some decline in it and if it manages to trade and sustain above 780.50 level then some upmove can follow.
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Topic :- Time:12.00 PM
News Wrap Up:
1. Sensex, Nifty steady in red; auto, metals firm, SBI gains 3%
2. Women empowerment core of all schemes introduced by govt, says Prez
Economic Survey
3. Economic survey likely to peg 2023-24 growth at slowest in 3-yrs: Report
4. India, China likely to drive half of 2023 global growth, says IMF
5. Adanis $2.5 bn FPO faces critical final day amid Hindenburg turmoil
6. Gautam Adani now no longer among worlds top 10 richest billionaires
7. Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF
8. Ashish Kacholia to buy over 5% stake in this SME firm; stock soars 14%
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Topic :- Time:11.00 AM
Nifty is trading highly volatile today due to upcoming budget. Nifty spot if breaks and trade below 17560 level then expect some further decline in the market and if it manages to trade and sustain above 17600 level then some upmove can follow.
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