Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Till now, Life Insurance Corporation of India was the biggest-ever IPO in India, raising Rs 21,008 crore in 2022, followed by One 97 Communications' (Paytm) Rs 18,300-crore public issue in 2021, and Coal India's Rs 15,199 crore offer in 2010.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Topic :- Share Market Closing Note

Sensex down 160 pts, Nifty above 25,000; realty shines, FMCG drags:

Indian equity indices ended marginally lower in the volatile session on October 10.

Top Nifty losers were ITC, Nestle, Reliance Industries, ONGC, HUL, while gainers included Trent, Cipla, Tata Motors, SBI and Tech Mahindra.

BSE Midcap and Smallcap indices up more than 1 percent each.

Among sectors, except FMCG and oil & gas, all other indices are trading in the green.

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

Topic :- Time:3.20 PM

Just In:

Mayawati blames Haryana Jat voters for BSPs poll debacle, calls for change

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

Topic :- Time:3.10 PM

Nifty spot is trading at 24965 erasing all morning gains and is now trading in negative zone. Nifty spot if manages to close above 24980 level then expect some pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish move may happen. Avoid open positions for tomorrow.

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

Topic :- Time:2.35 PM

Just In:

Rupee continues to be the least volatile among EME currencies, say RBI governor.

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

Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 75113. If it manages to trade and sustain above 75150 level then expect some upmove in it and if it breaks and trade below 75050 level then some decline can follow in it.

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

Topic :- Time:2.15 PM

Just In:

Hyundai India GMP crashes over 70% from highs.

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

Topic :- Time:2.00 PM

Nifty spot is trading at 25134. If it manages to trade and sustain above 25140 level then expect some upmove in it and if it breaks and trade below 25100 level then some decline can be seen in the market.

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

Topic :- Time:1.50 PM

Just In:

Adani Enterprises taps Gulf sovereign funds, GQG to raise $2 bn from QIP.

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

Topic :- Time:1.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6221. If it breaks and trade below 6200 level then expect some decline in it and if it manages to trade and sustain above 6235 level then some upmove can follow in it.

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

Topic :- Time:1.20 PM

Just In:

Hyundai Motor India to launch $3 bn IPO next week.

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

Topic :- Time:1.10 PM

Nifty spot is trading at 25110. If it manages to trade and sustain above 25140 level then expect some upmove in the market and if it breaks and trade below 25080 level then some decline can follow in the market.

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

Topic :- Time:12.40 PM

Just In:

Signature Global achieves 59% of its sales guidance for FY25

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

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 836.50. If it manages to trade and sustain above 838.50 level then expect some upmove in it and if it breaks and trade below 835 level then some decline can follow in Copper.

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

Topic :- Time:12.15 PM

Nifty is showing some profit booking however it is still trading in green zone.  Nifty spot if manages to trade and sustain above 25130 level then expect some upmove in it and if it breaks and trade below 25080 level then some decline can follow.

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

Topic :- Time:12.00 PM

Just In:

Torrent Power shares double in 2024, hit record high after new project award.

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

Topic :- Time:12.00 PM

Nifty spot is trading at 25120. If it breaks and trade below 25100 level then expect some decline in the market and if it manages to trade and sustain above 25140 level then some upmove can be seen in the market.

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

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 600pts, Nifty at 25,200; RBI holds rates, stance at neutral

2. RBI policy: MPC keeps repo rate unchanged at 6.5%, shifts stance to neutral

3. SpiceJet takes off 8% on resolving dispute with lessors for $22.5 mn

4. Some NBFCs growing aggressively without strong underwriting practices: RBI Governor

5. Varun Beverages board approves raising up to Rs 7,500 crore via QIP

6. Banks, NBFCs rise up to 4% post RBI stance shift

7. Indias coal-fired monthly power output slips

8. Tata powers up wind market with mega order

9. Swiggy grants $271 million Esops to top bosses

10. Tata Tech, BMW arm JV finalised

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

Topic :- Time:11.20 AM

Just In:

The RBI increases the UPI123 Pay transaction limit from ₹5,000 to ₹10,000, and the UPI Lite wallet limit from ₹2,000 to ₹5,000, enhancing transaction capabilities for users 

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

Topic :- Time:11.00 AM

Nifty is trading in green zone. Nifty spot if manages to trade and sustain above 25220 level then expect some upmove in the market and if it breaks and trade below 25180 level then some decline can follow in it.

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

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Topic :- Share Market Closing Note

Nifty below 24,800, Sensex down 638 pts; IT index outperforms:

Indian benchmark indices ended on a weak note in the volatile session on October 7 with Nifty below 24,800.

At close, the Sensex was down 638.45 points or 0.78 percent at 81,050.00, and the Nifty was down 218.80 points or 0.87 percent at 24,795.80. About 597 shares advanced, 3289 shares declined, and 117 shares unchanged.

Biggest Nifty losers included NTPC, Adani Ports, Adani Enterprises, SBI, Coal India, while gainers were ITC, Bharti Airtel, Trent, M&M and Infosys.

Except IT (up 0.6 percent), all other sectoral indices ended in the red with PSU bank, healthcare, capital goods, realty, metal, power, oil & gas, media and telecom down 1-3 percent.

BSE Midcap index down 2 percent and Smallcap index down over 3 percent.

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

Topic :- Time:3.15 PM

Just In:

Evonith raises ₹1.7k cr to repay bondholders.

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

Topic :- Time:3.00 PM

Volatility is at its peak. Nifty and Banknifty are showing big swings. Nifty spot is trading at 24819 down 197 points right now. Nifty spot if holds above 24780 level on closing basis then expect some pull back in the market and if it closes below above mentioned level then some further fall can be seen in the market. Avoid open positions for tomorrow. Do not carry anything as BTST or STBT.

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

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6382. If it holds below 6400 level then expect it to decline towards 6300 level and once it manages to trade and sustain above 6400 level then some upmove can follow in it. 

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

Topic :- Time:2.00 PM

Nifty spot is trading with 236 point loss and Banknifty is down by 815 points. Free fall is going on in Indian stock market with VIX rising continuously. 

Nifty spot if breaks and trade below 24780 level then expect some further decline in the market and if it manages to trade and sustain above 24840 level then some upmove can follow in the Nifty.

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

Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 92800. If it breaks and trade below 92700 level then expect some decline in it and if it manages to trade and sustain above 93020 level then some upmove can follow in Silver.

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

Topic :- Time:1.10 PM

Nifty is trading volatile and is trading at 24790. If it breaks and trade below 24760 level then expect some more fall and if it manages to trade and sustain above 24820 level then some upmove can follow in it.

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

Topic :- Time:12.40 PM

Just In:

Saregama India aims to pick up Karan Johars Dharma Productions

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

Topic :- Time:12.35 PM

Just In:

Ratan Tata Hospitalised: Former Tata Group Chairman Admitted In Mumbais Breach Candy Hospital

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

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 853.70. If it manages to hold below 856.60 level then expect it to test 849-848 levels quite soon and only above 856.60 level it is likely to show some upmove. Sell on rise till it holds below 856.60 is recommended in it for now.

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

Topic :- Time:12.10 PM

Just In:

Shapoorji Pallonji Group seeks waivers from lenders for launch of Afcons pre-IPO and IPO share sale

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

Topic :- Time:12.00 PM

Nifty is trading highly volatile and is likely to remain volatile from here. Nifty spot if breaks and trade below 24880 level then expect some further decline in the market and if it manages to trade and sustain above 24940 level then some upmove can be seen in the market.

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

Topic :- Time:11.45 AM

Just In:

AUTO SALES IN SEPTEMBER

Retail sales slump nearly 20% amid record car inventory glut.

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

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex down 370pts, at 81,300, Nifty sheds 150pts, at 24,850; PSB down 3%

2. Passenger vehicle sales drops 19% in September, inventory hits record high

3. Cash is not king as majority prefer staying invested rather than keeping high cash levels

4. Majority prefer deploying cash in large-caps while avoiding small- and mid-caps

5. FII assets in India cross a trillion dollars; equity ownership at 6-month high

6. WazirX officials face questions as sleuths from govt agencies probe $235-mn crypto hack

7. Godrej Properties stock jumps 2% on record bookings, collections in Q2FY25

8. Saj Hotels shares list at 15% discount over IPO price on NSE SME

9. HVAX Technologies lists at 6% premium over IPO price on NSE SME

10. NBCC share price surges 4% as stock trades ex-bonus; 90 crore shares to be issued

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

Topic :- Time:11.00 AM

After positive start nifty is now trading in negative zone. Nifty spot if breaks and trade below 24880 level then some decline can be seen in the market and if it manages to trade and sustain above 24920 level then some upmove can follow.

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

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 07 Oct,2024:

Indian share market is under the grip of panic selling due to ongoing Israel-Iran tension however quick bounce back is expected in the market soon. Auto sector is likely to shine soon as it is geared up for upcoming festival season. 

For Monday if Nifty spot manages to trade and sustain above 25060 level then expect some quick bounce back in the market and if it breaks and trade below 24960 level then bears are likely to dominate for some more time. All lows should be used as an opportunity to go long specially by investors in stock specific investments. 

Please note this is just opening view and should not be considered as the view for the whole day.

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

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Share Market Closing Note

Indian equity indices ended lower for the fifth consecutive session on October 4 with Nifty around 25,050.

At close, the Sensex was down 808.65 points or 0.98 percent at 81,688.45, and the Nifty was down 200.30 points or 0.79 percent at 25,049.80. About 1522 shares advanced, 2266 shares declined, and 101 shares unchanged.

M&M, Bajaj Finance, Nestle India, BPCL, Asian Paints were among the top losers on the NSE, while gainers included Infosys, ONGC, Tata Motors, Wipro, HDFC Life.

Among sectors, except PSU Bank and IT, all other sectoral indices ended in the red with auto, FMCG, realty, power, media, telecom, oil & gas index down 1-2 percent.

BSE Midcap and Smallcap indices lost nearly a percent each.

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

Topic :- Time:3.00 PM

Nifty spot is trading at 24980. If it closes below 25040 level then expect more decline in coming days and close above 25040 level will only result in upmove. Avoid open position for Monday.

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

Topic :- Time:2.50 PM

Just In:

China attracts $13 billion inflows in a week, India falls behind at $107 million.

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

Topic :- Time:2.45 PM

Just In:

Honasa Consumer shares fall nearly 5% as Dubai court upholds asset attachment order in UAE

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

Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 250.30. If it manages to trade and sustain above 250.50 level then expect it to test 254 level quite soon and if it breaks and trade below 247 level then some decline can follow in it.

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

Topic :- Time:2.10 PM

Just In:

Indias Services PMI Hits 57.7 in September, Marking Slower Activity Growth

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

Topic :- Time:2.00 PM

Nifty spot is trading at 25050. If it breaks and trade below 25030 level then expect some further decline in it and if it manages to trade and sustain above 25080 level then some upmove can follow. Nifty and Banknifty are showing wild swings so trade with due care.

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

Topic :- Time:1.45 PM

Just In:

India aims to double edible oil output

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

Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 93048. If it breaks and trade below 93000 level then expect selling in it and if it manages to trade and sustain above 93200 level then some upmove can follow in Silver.

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

Topic :- Time:1.10 PM

Suden selling in market again and Nifty is again trading in negative zone. Nifty spot if breaks and trade below 25100 level then expect some more decline and if it manages to trade and sustain above 25130 level then some pull back is expected.

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

Topic :- Time:12.45 PM

Just In:

Temasek in talks for $1 billion-plus stake in Haldiram Snacks

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

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 852.90. If it manages to trade and sustain above 853.20 then expect some upmove in it however more upmove will come once it manages to trade above 856 level and if it breaks and trade below 850 level then some decline can be seen in it.

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

Topic :- Time:12.20 PM

Just In:

Stimulus Effect: China, Hong Kong markets soar together; $3 trillion surge in two weeks

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

Topic :- Time:12.00 PM

Nifty is showing good recovery now. Nifty spot is trading 180 points plus right now at 25430. If it manages to trade and sustain above 25460 level then expect some upmove in the market and if it breaks and trade below 25400 level then some sluggish movement may follow in the Nifty.

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

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex erases losses, jumps over 300 points

2. India has ₹2 lakh cr war chest to save Nifty from Israel war and China

3. Sahasra shares list at 90% premium on NSE SME

4. Private banks drop lending rates

5. China ready for $1.4 trillion fiscal bazooka

6. Russia sets new energy ambition in India

7. Govt to give Rs 2,029 cr bonus to railway staff

8. Reliance Power stock crashes to 5% lower circuit; Anil Ambani firm announces Rs 4,200 crore FCCBs

9. Services activity dips to 10-month low of 57.7 in September

10. Diffusion Engineers shares make healthy market debut with over 15% premium to list at Rs 193.5 on NSE

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

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Rs 10 lakh crore of investors Money Wiped Today. Here are factors behind today’s Fall:

1. Iran-Israel Conflict 2. Crudeoil Supply Worry 3. F&O clampdown 4. China stimulus 5. Panic selling in Large caps lead by Reliance 6. Upcoming RBI MPC

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Swiggy has granted special indemnity to board members representing key investors SoftBank, Accel, and Prosus, shielding them from regulatory risks stemming from violations by the food ordering platform, ahead of its initial public offering.

Directors appointed by the three funds would not be held liable for any failure or lapses in following the rules and the other directors, including the founders, would be fully responsible for such lapses, according to the draft red herring prospectus (DRHP) filed by Swiggy on September 27.

Emails sent to spokespeople for Swiggy, Accel and SoftBank remained unanswered. A spokesperson for Prosus declined to comment.

Why the protection

With many new-age companies increasingly getting entangled in regulatory disputes, many private equity investors are demanding such indemnities from companies, legal experts said.

This is to ensure that the nominee-directors of PE investors don’t face any regulatory proceedings for compliance failure on the part of the company.  The development assumes significance, since several rules impose both criminal and civil liabilities on the directors of a company, if rules are violated.

“The company shall indemnify and hold the Accel Director, MIH Director (Prosus) and SoftBank Director harmless from all claims and liabilities to the maximum extent permitted under applicable laws,” said the offer document.

“The company and founders have also agreed that the Accel Director, MIH Director and Softbank Director shall, subject to applicable law, not be considered as officers-in-default of the Company and shall not be liable for any default or failure of the company in the past or in the future, in complying with the provisions of any applicable law,” the offer document said.

According to Swiggy’s offer document, Prosus is eligible to appoint up to two directors, while Accel and Softbank are eligible to nominate one director each. Prosus is the largest pre-IPO shareholder in the company, with a stake of 30.95 percent.

Softbank owns 7.75 percent, while Accel owns a 6.08 percent stake in the company. Cofounders of the company, Sriharsha Majety, Lakshmi Nadan Reddy Obul and Rahul Jaimini, own 6.34 percent, 1.76 percent and 1.14 percent, respectively, of the share capital.

What areas are covered 

Legal experts say that the indemnities cover limited scenarios such as violation of the Companies Act. In case of serious violations, such as anti-money laundering rules or foreign exchange management rules, the indemnified board members can be still pulled up by regulatory agencies.

“If there are specific instances where the board member has authorised or approved any scheme that violates rules, he can be pulled up by the regulators. The officer-in-default protection is available only in cases where the said directors have not in any way participated/facilitated the violation,” said a leading corporate lawyer.

Softbank has sought protection earlier as well

This is not the first time that Softbank is seeking assurances from an IPO-bound tech company to indemnify itself and its employees.

Moneycontrol reported on July 21  that ahead of the IPO of Kunal Bahl and Snapdeal-backed SaaS company Unicommerce eSolutions, the Japanese investor had entered into an indemnity contract with Snapdeal's founders—Bahl and Rohit Bansal—to protect itself and its executives from any future liabilities arising out of the responsibilities of being deemed a promoter of Unicommerce.

Softbank sought this indemnity after Sebi’s observations that, given the former's significant shareholding in Unicommerce as well as in Snapdeal, the promoter of Unicommerce, SoftBank, too, should be identified as a promoter of Unicommerce. Subsequently, Unicommerce declared in an addendum that Starfish I Pte. Ltd, a Softbank entity, is the promoter of the company.

According to sources, Softbank has sought a similar indemnity in OYO, too.

In its July 21 report, Moneycontrol reported that while, on paper, SoftBank was declared a promoter, it continues to remain just a financial investor in Unicommerce and thus signed this indemnity agreement to protect its interests as a purely financial investor in the company.