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Nifty Opening Note

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Indian Stock Market Trading View For 22 March,2021:

Rising Covid-19 cases, Partial lockdown possibilities and Oil price will act as major triggers.

Nifty to turn volatile as the day progresses. Nifty spot if manages to trade and sustain above 14780 level then expect some further upmove and if it breaks and trade below 14680 level then some decline can follow in the stok market. Please note this is just opening view and should not be considered as the view for the whole day.

Stocks in the news

Bharti Airtel: Bharti Airtel on March 19  entered into an agreement for the acquisition of 17,43,560 (representing 7.48 percent of paid up equity) equity shares in Sandhya Hydro Power Project Balargha Private Limited, a special purpose vehicle (SPV).

Adani Green Energy: Adani Green Energy, one of the largest renewables companies in India, signed a share purchase agreement for acquiring a 100 percent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global.

JSW Energy: JSW Energy said its subsidiary JSW Future Energy, earlier known as JSW Solar, received orders for a total wind capacity of 450 MW from Solar Energy Corporation of India (SECI).

Bharat Dynamics: State-owned defence company Bharat Dynamics has signed a contract for the production and supply of Milan-2T Anti-Tank Guided Missiles. The contract value is Rs 1,188.12 crore.

Infibeam Avenues: Promoter entity O3 Developers sold 0.39 percent equity stake in Infibeam Avenues via open market transaction on March 17. Non-promoter Varini Patel offloaded 32.50 lakh equity shares in the company on March 17.

PNC Infratech: CARE Ratings has assigned credit rating on the bank facilities of the companys subsidiary, PNC Gomti Highways, as A. The rating agency assigned stable outlook on the bank facilities of Rs 559.30 crore.

Indian Stock Market Trading Tips

Fed's stance supports gold but rising bond yield likely to keep prices in check

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To fight the coronavirus' drag on the economy, the US Federal Reserve System took bold steps a year ago. During two unscheduled meetings on March 3, 2020 and March 15, 2020, the Federal Open Market Committee (FOMC) voted to scale back the firing range for the federal funds rate by one-and-half percentage points, dropping it to close zero. More efforts continued and a year later, the Fed again pledged to stay the rate of interest low through 2023 and continued an asset purchase programme under which the financial institution buys a minimum of $120 billion of bonds a month.

The Fed's projections for GDP and percentage are indicating a speedy economic recovery. The Fed raised its forecast on GDP growth for 2021 to a 6.5 percent annualised rate, from 4.2 percent, which can be the strongest growth in almost 40 years.

The Fed forecasts unemployment to fall to 4.5 percent from 6.2 percent, which is more favourable than a 5 percent FOMC estimate in December. Additionally, Fed forecasts it to be 4.2 percent in 2022, 3.7 percent in 2023 and therefore the longer run rate is projected at 4 percent.


However, Fed chairman Jerome Powell said he expects inflation to rise this year. The Fed sees inflation at 2.4 percent in 2021 but expects it to fall to 2 percent, the target rate, subsequent year. Fed officials made no mention of recent rises in bond yields, or any effort to combat the resurgent bond movements.

Government bond yields have surged to the amount last seen before the COVID-19 pandemic. Inflation is termed to be bad for bonds and rising yields is indicative of selling fettered . The Fed looks comfortable with some increase in yields goodbye because it may be a reflection of economic recovery.


In case inflation spirals out of control, the Fed has other measures to douse the hearth . Four of the 18 FOMC members were trying to find a rate hike in 2022, compared with only one at the December meeting and for 2023, seven members see a hike, compared with five in December.

Gold prices bounced from the recent low of $1,673.30 but still stand at $1,731 an oz , significantly lower from the August 2020 high of $2,107.6. The Fed sounded more dovish within the March 2021 statement, which was supportive of gold prices, however, a falling safe-haven demand after robust economic recovery and rising bond yield is probably going to stay prices in restraint .

Gold, which bounced from the recent low of $1,673.3, is probably going to face stiff resistance near 50-day EMA at $1,778 while it's going to find support around $1,715 and $1,687.

Disclaimer: The views and investment tips expressed by experts on sharetipsinfo.com are their own and not those of the web site or its management. Sharetipsinfo.com advises users to see with certified experts before taking any investment decisions.

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Small & midcaps underperform, 31 BSE-500 stocks that fell 10-30% in a week

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Global cues turned negative following a spike in US bond yields and a surge in COVID-19 cases across the globe, including India, leading to some bit of profit-taking at higher levels.

A volatile week for Indian markets as every rise was being sold into but the bulls managed to gain some control on March 19 after days of selloff. Both the Sensex and the Nifty50 closed below their crucial support levels, raising concerns about a fresh selloff in the coming week.

The Sensex fell 1.8 percent, while the Nifty was down 1.9 percent for the week ended March 19 but it was the small & midcap space that saw a carnage. The BSE midcap was down 2.59 percent, while the smallcap index closed with losses of 3.4 percent for the week ended March 19.

As many as 31 stocks in the BSE500 index fell 10-30 percent. These include Raymond, Tata Coffee, IDBI Bank, Dish TV, Tanla Platforms, Bank of India, Future Retail, and Bliss GVS Pharma.

Global cues turned negative following a spike in the US bond yields and a surge in COVID-19 cases across the globe, including India, leading to some bit of profit-taking at higher levels.

“Yield on US 10-year notes, which has risen sharply in the past seven weeks on growth expectations, hovered near a 14-month peak at $1.742 percent,” said a Reuters report.

The US 10-year treasury note yield (were) highest in over 14 months. The sharp rise has been driven by a spread of triggers such as inflation and economic recovery, Palka Chopra, Senior Vice President, Master Capital Services told 

"Treasury bonds are considered to be the safest investment and investors generally invest in treasury bonds in times of economic recession. When the economy shows a sign of recovery, investors shift their focus towards risky assets. This triggers a selloff in bonds," Chopra said.

Energy, banks, healthcare, private banks, infra and capital goods sectors declined 3-5 percent, while buying was seen in FMCG, power, and telecom indices

“Markets are currently undergoing a sector rotation and laggards from the previous few months could be new themes to play,” Nirali Shah, Head- Equity Research, Samco Securities, told “Stocks which have undergone a correction in the recent pressure could also see buying. FMCG and pharma can see good momentum going forward,” she said.

FII activity

Foreign institutional investors (FII) continue to remain net buyers in the cash segment of the Indian equity markets. FIIs were net buyers for more than Rs 9000 crore so far in March, while domestic institutional investors were net sellers for more than Rs 4,400 crore in the same period.

“While FIIs were net buyers in the cash segment, DIIs and retailers have been selling in this market after being spooked by the rising 10-year treasury bond yields and rising inflation,” Shah said.

Technical View

The Nifty has broken the range of 14,450-15,350 and if the bears continue to dominate, then the index may retest 14,400.

The Nifty closed at 14744, down 1.9 percent amid elevated volatility during the week. “We expect the Nifty to trade with positive bias in the range of 14,400-15,000 in coming weeks. Hence any decline should not be construed as negative rather an incremental buying opportunity,” Dharmesh Shah, Head–Technical, ICICI direct, told 

“A decisive close above the psychological 15,000-mark would confirm the conclusion of ongoing corrective phase with an extended target of 15,300,” he said.

IT, pharma and FMCG sectors were better placed on relative rankings and risk-reward parameters and were expected to outperform, Shah said.

Disclaimer: The views and investment tips expressed by experts on Sharetipsinfo.com are their own and not those of the website or its management. Sharetipsinfo.com advises users to check with certified experts before taking any investment decisions.

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India needs to return to more liberal trade regime: Arvind Panagariya

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With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector under way, the country is poised to take on to global markets in a major way, he said.

Arvind PanagariyaIndia needs to get back to a liberal exchange system as it can drive development into twofold digit range, previous Niti Aayog Vice-Chairman Arvind Panagariya said. 

With a low corporate benefit charge rate, work law changes, GST, and chapter 11 law, a monstrous privatization program on the blacksmith's iron, and measures to de-stress the monetary area under way, the nation is ready to take on to worldwide business sectors in a significant manner, he said. 

"Be that as it may, this requires one extra key fixing: a more liberal exchange system," he said while tending to the 36th Commencement Day Annual Lecture coordinated by Exim Bank of India (Exim Bank). 

He was talking on the theme - India's' Trade Policy-past, present and future. 

Panagariya, who is at present a Professor of Economics at Columbia University, said a more liberal exchange system conveys the guarantee of pushing this development rate into twofold digit range. 

He said one road for changing exchange is by bringing down levies against all exchanging accomplices, which the nation effectively conveyed from 1991-92 to 2007-08. 

The subsequent methodology can be by going into international alliances with significant exchanging accomplices, he said. 

"A decent beginning stage for this would be the United Kingdom and European Union. These are enormous business sectors and their horticultural areas represent no danger to the work of India's' ranchers," he said. 

Panagariya said, as of now, 42.5 percent of the country's' labor force is utilized in agribusiness, and for fast change, almost 50% of this labor force should move to industry and administrations in the following ten to fifteen years. 

"This thusly requires the formation of an enormous number of occupations in industry and administrations at the lower-end of the ability range that pay appealing wages," he said. 

As per him, the best way to achieve this is by establishing a climate wherein fruitful fare situated firms can arise and thrive in labor-escalated areas like attire, footwear, furniture, toys, kitchenware and writing material among others. 

Accomplishment in send out business sectors requires above all else an open exchange system, he said adding that instead of raising duties, the nation should bring down them.

Indian Share Market tips

Trade Spotlight: What should investors do with HCL Tech, Infosys and ZEE Entertainment?

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Zee Entertainment rose nearly 2 percent with strong volumes, HCL Tech fell 4 percent while Infosys was down 3.6 percent at the end of the trade on Thursday. Read on to know expert recommendations on how to trade these stocks today.

Bears assumed responsibility for D-Street in the second 50% of the meeting on Thursday pushing benchmark files beneath their significant help levels. The S&P BSE Sensex shut with misfortunes of almost 600 focuses while Nifty shut under 14,600 levels. 

Sectorally, selling pressure was found in IT, energy, medical care, oil and gas, public area, and banks. Auction was more unmistakable in the more extensive market space. The S&P BSE Mid-cap list fell 1.3 percent while the S&P BSE Small-cap list was down 1.58 percent. 

Zee Entertainment rose almost 2% with solid volumes, HCL Tech fell 4%, and Infosys was down 3.6 percent toward the finish of the exchange on Thursday. Peruse on to know master proposals on the best way to exchange these stocks today. 

On the every day graphs, the stock has framed a growing Triangle sort of development. Presently, the stock is floating in the scope of Rs 202 to Rs 225. The medium-term surface of the stock is bullish yet as of now, it is seeing non-directional action as dealers are, maybe, hanging tight for either side breakout. 

For the bulls, Rs 225 would be a significant breakout level to watch. On the off chance that the stock figures out how to close over something similar, we can expect a speedy upswing rally towards Rs 240 - Rs 247 and on the other side, exchanging beneath Rs 200 may increment further shortcoming up to Rs 188. 

So far in March, the stock has mobilized more than 6%. On the day by day outlines, the stock has framed higher base arrangement design which recommends a solid bullish surface is probably going to proceed in the medium term. 

In any case, Thursday's intraday sharp selloff could end up being a minor warning for the bulls. For the positional merchants, Rs 1,300 would be the holy level. 

On the off chance that the stock exchanges above Rs 1,300 levels, the upturn will proceed up to Rs 1,425. Be that as it may, a nearby underneath Rs 1,300 may trigger further shortcoming up to Rs 1,245. 

HCL Technologies

The stock is uniting between Rs 920 to Rs 1,000 value range post a sharp fall. On week after week outlines, the stock has shaped Bar Reversal bearish candle and after quite a while, it figured out how to close under 50-Day SMA which is extensively negative for the scrip. 

The non-directional action plainly shows hesitation among bulls and bears. In fact, Rs 1,000 could be the quick obstacle. On the off chance that the stock supports over something similar, we can expect one more meeting up to Rs 1,050. On the other side, a nearby beneath Rs 920 would increment further shortcoming till Rs 880 - Rs 850. 

Disclaimer: The perspectives and speculation tips communicated by specialists on sharetipsinfo.com are their own and not those of the site or its administration. sharetipsinfo.com encourages clients to check with affirmed specialists prior to taking any speculation choices.

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Nifty Opening Note

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Indian Stock Market Trading View For 19 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. 

Nifty spot if manages to trade and sustain above 14600 level then expect some upmove and if it breaks and trade below 14520 level then some decline can be seen in the market. 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

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 Benchmark indices ended lower in the fifth straight session on March 18 amid spiking US bond yields.

At close, the Sensex was down 585.10 points or 1.17% at 49,216.52, while Nifty was down 163.40 points or 1.11% at 14,557.90. About 819 shares have advanced, 2114 shares declined, and 131 shares are unchanged.

HCL Technologies, Infosys, Dr Reddys Laboratories, Divis Labs and Hero MotoCorp were among the major losers, while gainers included ITC, Bajaj Auto, Hindalco, Grasim and M&M.

Among sectors, IT index shed 3 percent, while pharma index fell over 2 percent. BSE Midcap and Smallcap indices shed over 1 percent each.

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Topic :- Time:2.00 PM

Rising covid-19 cases and chances of another lockdown looming and creating panic on the dalal street. Nifty spot if breaks and trade below 14560 level then expect some further decline in the market and above 14640 level some upmove can be seen in the market.

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Topic :- Time:1.30 PM

NICKEL Trading View:

NICKEL is trading at 1159.If it holds above 1153 level then expect it to rise till 1172-1175 levels quite soon. Buy on every decline till it trades above 1153 is recommended in it.

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Topic :- Time:1.00 PM

Nifty is sliding. Nifty spot if breaks and trade below 14740 level then expect some further decline in the market and if it manages to trade and sustain above 14780 level then some upmove can be seen in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 674.20. If it manages to trade and sustain above 675.00 level then expect some further upmove in it and if it breaks and trade below 673.80 level then some decline can be seen in it.

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Topic :- Time:12.20 PM

Just In:

Rakesh Jhunjhunwala-backed Nazara Technologies IPO subscribed 5.66 times on Day 2 of bidding.

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Topic :- Time:12.00 PM

Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 14820 level then expect some further upmove and if it breaks and trade below 14780 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 200 points; broader indices underperform

2. Dixon Technologies surges 14%, hits new high as it turns ex-stock split

3. BHEL gains 7% on emerging lowest bidder for NPCILs Rs 10,800 cr tender

4. Astral Poly Technik extends fall as stock turns ex-bonus in ratio of 1:3

5. Punjab National Bank sets-up subsidiary to manage credit card business

6.  NSE co-location case: ED investigation likely to conclude next month

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 18 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. 

Nifty spot if manages to trade and sustain above 14760 level then expect some upmove and if it breaks and trade below 14680 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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Oil at $80/bbl, rupee at 67: Andrew Holland sees volatile times ahead for market

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Moreover, collections from goods and services tax (GST) also don’t seem to be on an upward trajectory, he added.

Indeed, even as the market hopes to pivot, in view of the meeting that has been seen on D-Street, market specialists are wary about advancements that could prompt unpredictable moves. 

"It has been a decent beginning to the worldwide income, however a couple of things are likewise troubling. There are decisions one month from now, which could prompt some instability in the business sectors. Furthermore, the RBI's goldilocks situation of good development and low expansion may likewise not work out," Andrew Holland, CEO, Avendus Capital Alternate Strategies told CNBC-TV18 in a meeting. 

Further, Holland additionally sees some descending signs on the large scale front, which could compress a few parts of the market. 

For example, he sees oil contacting the degrees of USD 80 for each dollar just as a further deterioration in the rupee to 67/USD levels. In addition, assortments from products and enterprises charge (GST) additionally don't appear to be on an upward direction, he added. 

In this way, in general, the following a year could be unstable, however center will likewise associate with profit. "The profit development is seen around 15% and the market ought to be in accordance with these (levels). The GDP development for FY19 is additionally seen around 7%," Holland told the channel. 

Holland accepts that the best approach to play financials is through private banks just as NBFCs. 

"They will take the piece of the pie from PSU banks. The more positive news for PSU bank comes as Electrosteel news. The goal gives trust that the financial area will get past NPA issue," he added. 


Data Technology 

Holland accepts that the most noticeably awful is over for the area. He sees tailwinds from the shortcoming in rupee also. 


Metals 

This zone is very fascinating among areas, particularly with exchange war fears ebbing now. The costs are set to ascend in those cases. The patterns are now obvious in aluminum costs too.​

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Nifty Opening Note

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Indian Stock Market Trading View For 18 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. 

Nifty spot if manages to trade and sustain above 14760 level then expect some upmove and if it breaks and trade below 14680 level then some decline can be seen in the market. 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

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Indian benchmark indices ended in negative territory on March 17 amid selling seen in across the sectors as investors remain cautious ahead of the U.S. Federal Reserve policy outcome.

At close, the Sensex was down 562.34 points or 1.12% at 49,801.62, and the Nifty was down 189.20 points or 1.27% at 14,721.30. About 818 shares have advanced, 2115 shares declined, and 138 shares are unchanged.

ONGC, BPCL, Tata Motors, Adani Ports and Coal India were among the major losers, while gainers included ITC, TCS, Infosys and HDFC.

All the sectoral indices ended in the red with Nifty PSU Bank index fell 4 percent. BSE Midcap and Smallcap indices shed 2 percent each.

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Topic :- Time:3.00 PM

Nifty spot close above 14800 level will result in some pull back in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to be seen. Avoid open sell positions for tomorrow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4696.If it manages to trade and sustain above 4705 level then expect some upmove and if it breaks and trade below 4685 level then some decline can be seen in it.

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Topic :- Time:1.40 PM

Just In:

Stellar IPO listings: 4 IPOs debut with at least 40% premium in 2021 so far

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 672.20.If it manages to trade and sustain above 672.80 level then expect some rise in it and if it breaks and trade below 671.80 level then some decline can follow in it.

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Topic :- Time:1.10 PM

Nifty is rangebound now and is getting ready for another big move. Nifty spot if breaks and trade below 14820 level then expect some further decline in the market and if it manages to trade and sustain above 14860 level then some upmove can be seen in the market.

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Topic :- Time:1.00 PM

Nifty is declining. Nifty spot if breaks and trade below 14820 level then expect some further decline in the market and if it manages to trade and sustain above 14860 level then some upmove can follow in it.

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Topic :- Time:12.30 PM

NATURALGAS Trading View:

NG is trading at 185.10.If it breaks and trade below 184.80 level then expect some decline in it and if it manages to trade and sustain above 185.40 level then some upmove can follow in it.

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Topic :- Time:12.15 PM

Must Subscribe in the public issue of 

Nazara Technologies

Recommendation - Subscribe for listing Gain and Investment 

Issue Opens - 17th Mar, 2021 (Wednesday)

Issue Closes - 19th Mar, 2021 (Friday)

Issue Size - Rs 583 crore at Upper Band

Price Band - Rs 1100-1101

No.of Shares - 5,294,392 Eq Shares of Rs 4 (aggregating up to ₹582.91 Cr)

Minimum Lot Size - 13

Minimum App Amount - Rs 14313/ at Upper End

Promoter

Among promoters, Vikash Mittersain holds 250 equity shares in the company, Nitish Mittersain holds 10,11,453 equity shares and Mitter Infotech LLP holds 59,55,125 equity shares, which total representing 22.88 percent of the pre-offer paid-up equity capital of the company.

Vikash Mittersain is the Chairman and Managing Director of the company. He has been associated as Director of the company since its incorporation. He is also the founder and president of India Business Group (Chamber of Commerce).

Nitish Mittersain is the Joint Managing Director of the company. He founded the company in 1999 and has been associated in the promotion of company for the last 20 years. He is also a trustee of the Dr B K Goyal Heart Foundation and India Business Group (Chamber of Commerce).

Objective of the Issue

As it is fully an offer for sale issue, the company will not get any money and all the money, excluding offer expenses, will go to the shareholders that are selling their stake.

Company Background

Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. Nazara Technologies is the leading India-based diversified gaming and sports media platform with presence in India and across emerging and developed global markets, such as Africa and North America.

Geographical Reach

The company develops content in India for the Indian as well as global audience, which resulted in an average of 40.17 million monthly active users (MAUs) for FY20 and 57.54 million MAUs across all games for the nine-month period ended December 2020.

Product Range

It offers products across segments - interactive gaming, eSports and gamified early learning ecosystems, including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games.

Financials

The company has raised Rs 12.63 crore (in two tranches in 2005 and 2007) and Rs 76.53 crore in 2018. As a result, the company has historically been EBITDA positive and have generated sufficient cash flows from operations. It resulted in a cash and cash equivalents and other bank balances of Rs 184.28 crore as at September 30, 2020.

Nazara reported a 45.9 percent growth in consolidated revenue at Rs 247.51 crore in FY20 with loss at Rs 26.61 crore compared to profit of Rs 6.71 crore in previous year. In FY19, profit increased sharply by 556.2 percent to Rs 6.71 crore, but revenue fell 1.4 percent to Rs 169.7 crore compared to FY18.

For the six months period ended September 2020, the company reported loss at Rs 10.11 crore on revenue of Rs 200.46 crore.

Conclusion

With outlook of growth in gaming segment, Nazara is well poised for next level of growth. We recommend Buy. Small Equity base will do wonders to stock price.

We expect decent listing gains.

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Topic :- Time:12.00 AM

After flat to negative opening nifty is still trading in red zone. Nifty spot if breaks and trade below 14880 level then expect some quick decline in it and if it manages to trade and sustain above 14940 level then some upmove can follow in it. Currently Nifty spot is trading at 14903.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sharp fall in indices; Sensex dips 100 pts; IT stocks shine

2. Vedanta hits 52-week high after promoter raises open offer price

3. Mutual funds net sellers of Indian equities for the first time in 7 years

4. Sebi streamlines IPO application process, issues new guidelines

5. SBI Card dips 4% after over 40 million shares change hands via block deal

6. GMM Pfaudler gains 8% on acquiring HDO Technologies assets for Rs 58 crore

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