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Nifty Trading Wrap Up For 10 May,2024:

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Share Market Closing Note


Sensex ends 260 points higher, Nifty above 22,000; BSE MidCap, SmallCap up 0.8% each:


Nifty Realty Index was the top loser, down 1.4 percent, followed by Nifty IT, which fell 1 percent. Among gainers, the Nifty Healthcare Index was the top performer, up 1.1 percent, followed by Nifty Metal and FMCG, which rose 0.9 percent each. Nifty Consumer Durables and Oil & Gas were up 0.6 percent.



Market This Week

1. Flagship Sensex, Nifty decline 1.8 percent and 2 percent respectively


2. BSE MidCap, SmallCap losses around 3.5 percent and 3.9 percent respectively


3. 13 out of 50 Nifty stocks give positive returns, Hero MotoCorp, Britannia Industries and HUL top gainers. Among losers, Shriram Finance, Dr Reddys Lab, Titan take the top spots


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Topic :- Time:3.10 PM


Just In:

Go Digit announces IPO price band at Rs 258-272 per share; total issue size at Rs 2,614 cr.


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Topic :- Time:3.00 PM


Nifty spot if manages to hold above 22020 level on closing basis then expect some pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish move may follow. Avoid open positions.


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Topic :- Time:2.50 PM


Just In:

Aadhar Housing Finance IPO Day 3: Issue subscribed over 6x so far, QIBs outpace.


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Topic :- Time:2.50 PM


Just In:

Kejriwal out on bail till 1st june  - Big blow for bjp for Punjab , ,Haryana , Delhi elections.


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Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 72745. If it holds above 72400 level then it is likely to go past 73000 level very soon. Buy on tips till it holds above 72400 is recommended in it.


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Topic :- Time:2.00 PM


Nifty is trading highly volatile. Nifty spot if manages to trade and sustain above 22060 level then expect some upmove and if it breaks and trade below 22020 level then some decline can be seen in the market.


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Topic :- Time:1.40 PM


Just In:

19% returns on gold in 10 yrs.


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Topic :- Time:1.30 PM


ZINC Trading View:

ZINC is trading at 260.70. If it manages to trade and sustain above 261 level then expect some upmove in it and if it breaks and trade below 260.20 level then some decline can be seen.


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Topic :- Time:12.35 PM


Just In:

Polycab India beats street estimates in Q4; announces a 300% dividend payout.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 870.50. If it manages to trade and sustain above 872 level then expect some more upmove in it and if it breaks and trade below 868 level then some decline may follow in it. Right now its 10.75 points up from its previous close so one should avoid fresh position in it.


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Topic :- Time:12.10 PM


Just In:

Bharat Petroleum Corporation shares gain 5% to become the top Nifty 50 gainer.


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Topic :- Time:12.00 PM


Nifty future is trading at 22127. If it breaks and trade below 22100 level then expect some selling in the market and  if it holds above 22100 level then it will head towards 22185 level quite soon.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex up 250 pts, Nifty above 22000; Infosys, TCS, HCL Tech fall

2. Tata Motors stock rises 2% ahead of Q4 results

3. FIIs shed over $2 billion in equities in first six sessions of May

4. CPI inflation seen easing slightly to 4.8% in April

5. We are on track to grow very quickly next year and in subsequent years: Tata Power CEO

6. Go First revival in jeopardy as airline may lose airport slots, international flying rights

7. Tiger Global-backed Groww moves domicile from US to India

8. The golden stock rise for your Kalyan since last Akshaya Tritiya

9. Solar stocks outshine with up to 1,318% return

10. TVS Motor eyes 30% of 2W sales from EVs


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