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 Share Market Closing Note

Nifty at 21,450, Sensex up 230 pts; metal, power shine, IT drags:

Benchmark indices ended higher for the third consecutive session on December 26 with Nifty at 21,450.

At close, the Sensex was up 229.84 points or 0.32 percent at 71,336.80, and the Nifty was up 91.90 points or 0.43 percent at 21,441.30. About 2063 shares advanced, 1325 shares declined, and 109 shares unchanged.

Biggest Nifty gainers were Divis Laboratories, Hero MotoCorp, Adani Enterprises, Hindalco and NTPC, while losers were Bajaj Finance, Bajaj Finserv, Infosys, TCS and Tata Motors.

Except Information Technology, all other sectoral indices are trading in the green with oil & gas, power, metal, auto, healthcare gained 1 percent each.

BSE midcap index added 0.7 percent and smallcap index up 0.5 percent.

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Topic :- Time:3.00 PM

Nifty spot is trading at 21434. If it holds above 21380 level on closing basis then expect some further upmove in the coming days and if it closes below above mentioned level then some sluggish move can follow in the market. Avoid open positions for tomorrow.

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Topic :- Time:2.50 PM

Just In:

BharatPe logs nearly 3X revenue growth in FY23.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6138. If it manages to hold above 6100 level then expect it to rise till 6180-6190 levels and once it breaks and trade below 6100 level then some decline can be seen in it.

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Topic :- Time:2.15 PM

Just In:

Laurus Labs shares hit 52-week high, surge over 14% this year, so far

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Topic :- Time:2.00 PM

Nifty is volatile in a range and index options are showing premium decay only. Nifty spot if breaks and trade below 21420 level then expect some decline in the market and if it manages to trade and sustain above 21460 level then some upmove can further follow. Wait for next move before taking big positions.

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Topic :- Time:1.55 PM

Just In:

The Union Cabinet proposed the highest-ever budget allocation for the nations sports sector, totaling Rs 3,397.32 crore�an impressive surge from the previous fiscals Rs 3,062 crore.

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Topic :- Time:1.40 PM

Just In:

REGULATORY SCRUTINY

Co-operative banks navigate choppy waters as RBI turns up heat

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 75570. If it manages to trade and sustain above 75620 level then expect some upmove in it and if it breaks and trade below 75500 level then some decline can be seen in it.

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Topic :- Time:1.10 PM

Just In:

HFCL stock zooms 26% in less than a month, up 300% in last 3 years.

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Topic :- Time:1.00 PM

Nifty is trading highly volatile now in a range. Nifty spot if manages to trade and sustain above 21460-21480 levels then expect some further upmove in the market and if it breaks and trade below 21418 level then some decline can follow in it.

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Topic :- Time:12.40 PM

Just In:

Bitcoin jumps 160% in 2023 amid roller coaster ride.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 733.90. If it manages to trade and sustain above 734.50 level then expect some upmove in it and if it breaks and trade below 732.50 level then some decline can follow in it.

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Topic :- Time:12.15 PM

Just In:

Navy to commission indigenous stealth-guided missile destroyer INS Imphal in Mumbai today.

INS Imphal is regarded as one of the most potent and lethal warships to have been constructed in India. It is named after a city in the northeastern state of Manipur.

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Topic :- Time:12.00 PM

Vix is rising however nifty is trading with good gains right now. Nifty spot if manages to trade and sustain above 21480 level then expect some further upmove in the market and if it breaks and trade below 21450 level then some decline can follow in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex jumps 350 points, Nifty above 21,450

2. Indias smart moves put China cos between a rock & a hard place

3. Interim Budget: EV makers may get a good news

4. Motisons Jewellers shares lists at 98% premium

5. FIIs spend Rs 41K cr on old economy stocks

6. Paytm looks to rationalise employee costs by revising hiring strategy

7. Muthoot Microfin lists at Rs 275, down over 5% from IPO price

8. Adani Green shares open 3% higher ahead of todays board meet to raise funds

9. Infosys stock falls on $1.5 billion global deal termination

10. JSW Energy gains 2% as subsidiary starts commissioning of 810 MW wind power project

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 26 Dec,2023:

Sharetipsinfo team wishes every one Merry Christmas. May coming year bring happiness and prosperity in everyones life.

Expect less volume now till 2 Jan 2024. Retail trades will guide market now till this date.

Nifty is likely to remain volatile in a range with good stock specific action. 

Nifty spot if manages to trade and sustain above 21380 level then expect some upmove in the market and if it breaks and trade below 21280 level then some decline can follow.

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

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If the EoI is accepted, SpiceJet will get access to the data room of Go First, which could help the Ajay Singh-led airline to benchmark its own current situation and what its future would be like.

SpiceJet, which recently announced a fund infusion of Rs 2,250 crore, has requested the Resolution Professional of Go First to allow it to submit EoI (Expression of Interest) so that it can submit a credible revival plan with a definite timeline for the grounded airline. SpiceJet shared this information with the BSE Ltd after news reports indicating SpiceJet’s interest made rounds yesterday.

For an airline that is struggling to stay afloat, is fighting multiple cases including those which have been filed for insolvency and also locked in a bitter battle over payments to Marans - the past owners, the interest in a carrier which is grounded and has no real asset is full of surprise.

The fund infusion is less than the accumulated losses just since COVID started and does not help in improving its net worth which has been negative for a long. Under such circumstances to take up another liability is a proposition which cannot be justified, yet the share price was up over 4 percent at midday today on the BSE.

SpiceJet has its own troubles

Nearly half the fleet of SpiceJet has been grounded and it has struggled on every front, from On Time Performance to slot utilisation and payment of salaries to mandatory government dues. Amidst this, if the airline expresses interest for an airline which has been grounded since May and has no aircraft on its own books, is locked in a battle with lessors for maintenance – it raises eyebrows like no other.

SpiceJet’s slump sale of its cargo arm and fund infusion, which was announced but not completed, has not had a large impact on operations. The airline is yet to induct MAX aircraft, the order which still reflects with Boeing but has seen little progress. Only one of its lessors agreed to its offer of converting dues to equity and others remain engaged for either unreached settlement or court cases.

Data is the new oil

If the EoI is accepted, SpiceJet will be given access to the data room of Go First as part of due diligence. Amongst other things these would show liabilities but also the route level data to an extent which will give a glimpse of the route profile of the airline where it made money. While strictly under Non Disclosure Agreements, route profiles can be built up over a period of time.

The data room will also give access to contracts, deals and a lot more which could help SpiceJet benchmark its own current situation and what its future would be like.

A reverse merger?

A resolution for unlisted entities like Go First could mean the lessors taking a huge haircut. As per data submitted in the Rajya Sabha, Go First has a long-term debt of 16,249,203,844, or Rs 1,624 crore. The banks could opt for a significant haircut to this to ensure that at least some amount is recovered.

Will this then make it possible to merge itself with the now lean and trim Go First and rename it SpiceJet? Kingfisher Airlines had done a reverse merger with Air Deccan and renamed it Kingfisher Airlines as it wanted the older Airline Operating Permit (AOP) to complete five years in domestic skies before flying international – one of the reasons why Vijay Mallya purchased Air Deccan.

If it happens, this could turn out to be the end of all woes for SpiceJet as it allows itself to be bigger at a fraction of the cost amongst other things. With the government focusing on the Insolvency and Bankruptcy Code and the revival of sick industries, this could be a golden way out to show a win-win situation.

Tail Note

For any transaction to go ahead, the airline will face challenges from stakeholders and courts. SpiceJet has informed the courts about its precarious financial position, and coming up with a plan to purchase and turn around a grounded carrier without first paying pending dues to Marans, creditors and lessors will be a challenge difficult to bypass.

There may be a glimmer of hope for Go First employees, some of whom are still with the airline. Does it mean going from one challenge to another since there are salary issues with SpiceJet as well? More importantly, how will the SpiceJet employees react to this news?

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Share Market Closing Note

Sensex down 200 pts, Nifty at 21,400; realty drags, pharma gains:

Indian benchmark indices broke 3-day winning run and ended in the red with Nifty around 21,400.

Top losers on the Nifty were Power Grid Corporation, JSW Steel, ICICI Bank, ITC and ONGC, while gainers were Bajaj Auto, Adani Ports, Sun Pharma, Hindalco Industries and Reliance Industries.

Among sectors, pharma index up 1 percent, capital goods index up 0.7 percent, while realty index down 1 percent and bank index down 0.5 percent

Broader indices outperformed the main indices with BSE Midcap index rose 0.3 percent and smallcap index gained 0.5 percent.

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Topic :- Time:3.00 PM

Nifty spot if manages to close above 21440 level then expect some pull back in coming sessions and if it closes below above mentioned level then some sluggish move is further expected in the market. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

SILVER Trading View:

SILVER is trading at 74675. If it manages to trade and sustain above 74760 level then expect some upmove in it and if it breaks and trade below 74550 level then some decline can be seen in Silver.

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Topic :- Time:2.20 PM

Just In:

NSE has to be glitch-free for at least a year to get IPO approval, says SEBI

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Topic :- Time:2.15 PM

Just In:

TCS hits 52-week high on partnership with Switzerlands SIX to modernise its post-trade platform

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Topic :- Time:2.00 PM

Nifty is still rangebound and is waiting for some cues to show further movement. Overall trend is up so all dips should be used as an opportunity to go long. Good stock specific action expected now.

Stocks to watch out for

1. Dlf

2. Sbin

3. Jindalstel

4. Indhotel

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Topic :- Time:1.40 PM

Just In:

RIGHT BEFORE LIQUIDATION

Go First creditors get last-minute interest from two overseas bidders, SpiceJet.

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Topic :- Time:1.20 PM

Just In:

Bonus Shares: Sandur Manganese to issue five free shares for every one held

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Topic :- Time:1.05 PM

Just In:

Yes Bank shares hit 52-week high.

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Topic :- Time:1.00 PM

Completely rangebound market right now. Nifty spot if manages to trade and sustain above 21460 level then expect some upmove in the market and if it breaks and trade below 21420 level then some decline can be seen in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 723.80.If it manages to trade and sustain above 724.70 level then expect some upmove in it and if it breaks and trade below 722 level then some decline can be seen in the Copper.

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Topic :- Time:12.00 PM

Nifty is trading sideways and VIX is increasing now. Nifty spot if manages to trade and sustain above 21490 level then expect some upmove in the market and if it breaks and trade below 21430 level then some decline can follow. Currently Nifty spot is trading at 21451.

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Topic :- Time:11.50 AM

Just In:

Ambuja Cements to invest ₹6,000 crore in renewable power projects in Gujarat and Rajasthan

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex rises 50 points, Nifty above 21,460

2. Banks may share more defaulters info to stop whipping boys cries

3. TVS in talks with an insurance star for a stake

4. Muthoot Microfins Rs 960-crore IPO opens

5. Mid-cap MF gave 29.2% returns in 3 yrs

6. Borrowing costs rise for NBFCs

7. Telecom Bill to be tabled today in LS

8. Ambuja Cements unveils Rs 6K cr green plan

9. Suraj Estate Developers to continue to focus on luxury segment, reduce debt

10. Sugar stocks to get sweeter as India reverses sugarcane juice ban for ethanol

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 18 Dec,2023:

IPO boom is going on and many companies are coming up with IPOs. Retails clients are also getting tempted to apply for it due to recent huge returns by most of the new listings.

Sentiments are still positive and one should use dips for going long.

Nifty spot if manages to trade and sustain above 21480-21500 levels then expect some further upmove in the market and if it breaks and trade below 21400 level then some decline can be seen in the Nifty.

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

Keep on checking this section during live trading hours for live updates related to Nifty, Stocks and Commodities.

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 Share Market Closing Note

Sensex, Nifty end mildly higher amid fag-end buying ahead of Fed outcome:

Markets erased losses in the last few minutes of the session with the S&P BSE Sensex ending at 69,585 levels, up 34 points or 0.05 per cent, and the Nifty50 shutting shop 20 points, or 0.1 per cent, higher at 20,926 levels.

NTPC, Power Grid, M&M, L&T, Sun Pharma, SBI, Titan, Tata Steel, Tata Motors, ITC, and Maruti Suzuki were the top gainers on the Sensex index as they rose up to 3.6 per cent. 

TCS, Infosys, Ultratech Cement, Bajaj Finserv, Axis Bank, Tech M, HCL Tech, Wipro, Bajaj Finance, JSW Steel, and ICICI Bank, meanwhile, were the top laggards, down up to 2 per cent.

Meanwhile, the broader market space remained upbeat with the BSE MidCap and SmallCap indices ending 1.06 per cent and 0.73 per cent higher, respectively. 

Among sectors, the Nifty IT index declined 1.3 per cent, followed by the Nifty Private Bank index (down 0.07 per cent). On the upside, the Nifty Pharma, and Auto indices gained 1 per cent each. 

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Topic :- Time:3.00 PM

Nifty spot if holds above 20860 level on closing basis then expect some further upmove in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can follow. Avoid open short positions for tomorrow.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 5680. If it holds above 5640 level then expect it to rise till 5940-5960 levels soon and once it breaks and trade below 5640 level then some decline can follow in it.

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Topic :- Time:2.15 PM

Just In:

Major security breach inside Lok Sabha. House adjourned till 2 pm

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Topic :- Time:2.00 PM

Nifty is showing strong recovery and has recovered sharply from its day lows. Nifty spot if manages to trade and sustain above 20900 level then expect some further upmove in the market and if it breaks and trade below 20860 level then some decline can happen.

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Topic :- Time:1.55 PM

Just In:

Gnfc Buy Back 42% Accepted

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 71700. If it breaks and trade below 71580 level then expect some decline in it and if it manages to trade and sustain above 71800 level then some upmov can follow in it.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 20840 level then expect some upmove in the market and if it breaks and trade below 20800 level then some decline can be seen in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 713. If it breaks and trade below 712 level then expect some decline in it and if it manages to trade and sustain above 714.50 level then some upmove can be seen in it.

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Topic :- Time:12.00 PM

After flat opening nifty is now trading 120 points in negative zone. Nifty spot if breaks and trade below 20760 level then expect some further decline in the market and if it manages to trade and sustain above 20800 level then some upmove can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex off lows, down 200 pts; NTPC, ITC lend support

2. Indian developer community cheers Epic Games win against Google in the US

3. Axis Bank falls after ₹3,400-crore worth block deals

4. DOMS IPO sails through in 1 hr of bidding process

5. Adani to invest $100 billion on green energy shift

6. Retail inflation quickens 5.5% in November 

7. Aye Finance to raise Rs 310 crore in equity

8. ITCs cigarette sales volume nears old peak

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Share Market Closing Note

Sensex falls 378 pts, Nifty at 20,900; realty, power, oil & gas major drag:

Indian equity indices ended lower in the volatile session on December 12 with Nifty around 20,900.

Biggest losers were BPCL, Apollo Hospitals, Maruti Suzuki, Sun Pharma and Eicher Motors, while gainers included HDFC Life, UltraTech Cement, Bajaj Auto, SBI Life Insurance and Axis Bank.

Except Metal, all other sectoral indices ended in the red with capital goods, oil & gas, power and realty down 1 percent each.

The BSE midcap index shed 0.4 percent and smallcap index fell 0.2 percent.

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Topic :- Time:3.20 PM

Just In:

Googles Epic legal defeat threatens $200 bn app store industry | Google maintained monopoly: US Court

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Topic :- Time:3.00 PM

Nifty future if holds above 21000 on closing basis then expect some recovery in coming sessions and if it closes below above mentioned level then some sluggish movement may happen. Avoid open positions for tomorrow.

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Topic :- Time:2.55 PM

Just In:

SpiceJet approves Rs 2,250-crore fundraise from 64 investors.

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Topic :- Time:2.50 PM

Just In:

Infosys CFO Nilanjan Roy resigns, effective March 31, 2024. Jayesh Sanghrajka takes over from April 1. Top-level exits trend continues in major IT players like Wipro.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 5981. If it manages to trade and sustain above 6005 level then expect some upmove in it and if it breaks and trade below 5955 level then some further decline can be seen in Crudeoil.

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Topic :- Time:2.15 PM

Stock Idea: ZEE Entertainment - CMP 295

1. The Company was reeling under pressure on profitability front due to management paralysis.

2. Merger with Sony is in final stage and expected to conclude soon. The Company already has NCLAT and CCI approval in place. SEBI issue barring Subhash Chandra and Puneet Goenka from holding director position is the only hurdle. Looking at the present scenario, existing promoter Chandra family have to relent the management position in favor of Sony.

3. Post merger Sony will hold more than 50% in the mergerd entity and Chandra family will hold little over 3.5%. 

4. Sony-Zee will be largest entertainment network in India with 70 TV channels, two video streaming services (ZEE5 and Sony LIV) and two film studios (Zee Studios and Sony Pictures Films India)

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Topic :- Time:2.15 PM

Just In:

Adani Ports board approves issuance of NCDs worth ₹5,000 crore

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Topic :- Time:2.00 PM

Nifty spot is trading at 20951. If it breaks and trade below 20920 level then expect some decline in the market and if it manages to trade and sustain above 20980 level then some upmove can follow in it.

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Topic :- Time:1.15 PM

Just In:

IREDA scales Rs 100-mark, up 200% from IPO price.

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Topic :- Time:1.00 PM

Nifty future is trading at 21047 not able to sustain higher level. Immediate support for Nifty future is at 21035. If it breaks and trade below it then next critical support is at 20070-20960 levels. As per current market situation buying from lower levels is still recommended.

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Topic :- Time:12.45 PM

Just In:

India Shelter Finance IPO: India Shelter Finance is trading at a premium is ₹150 in the grey market, down from a premium of ₹200 yesterday.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 717. If it manages to hold above 714.80 level then expect it to rise till 721-722 levels quite soon and if it breaks and trade below 714.80 level then some decline can follow in it.

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Topic :- Time:12.00 PM

Nifty is trading flat. Nifty spot if manages to trade and sustain above 21020 level then expect some upmove in the market and if it breaks and trade below 20980 level then some decline can follow in the Nifty.Due to less movement traders are advice to trade in less quantity and should wait for some movement.

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Topic :- Time:11.45 AM

Just In:

USFDA issues 5 observations after inspecting Torrent Pharmas Gujarat manufacturing facility

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty flat; media top sectoral gainer

2. Adanis under-probe contractor resurfaces with a new name

3. Desperate retail investors drive options craze

4. Kinetic Green to raise $30-40 million

5. Dixon Technologies shares rally 5% to hit 52-week high on Lenovo contract

6. Mahindra and Mahindra gains on higher production, sales volumes

7. L&T Tech shares gain on signing multi-year pact with global energy firm BP

8. Rupee opens marginally higher at 83.37 against US dollar

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The IPO comprises only a fresh issue component of 2.74 crore equity shares. Hence, the entire issue proceeds will go the company.

aipur-based Motisons Jewellers has finalised December 18 as the opening date for its upcoming initial public offering (IPO). The company may be planning to raise around Rs 151 crore via public issue, if the offer price is considered as Rs 55 per share reported at the time of fund raising via pre-IPO placement.

The price band for the offer will be announced in coming days.

The public issue will be closing on December 20, while the anchor book will be opened for a day on December 15.

The IPO comprises only a fresh issue component of 2.74 crore equity shares. Hence, the entire issue proceeds will go the company.

The Jaipur-based Chhabra family-owned jewellery retail company will utilise the net fresh proceeds for repaying debts amounting to Rs 58 crore, and working capital requirements of Rs 71 crore. And the remaining funds will be kept for general corporate purposes.

Before filing the red herring prospectus, the company has raised Rs 33 crore via pre-IPO placement of 60 lakh equity shares at a price of Rs 55 per share. And accordingly, the issue size as disclosed in the draft red herring prospectus, up to 3.34 crore equity shares has been reduced by 60 lakh equity shares to 2.74 crore equity shares.

Half of the offer size has been reserved for qualified institutional buyers, 15 percent for high networth individuals and the remaining 35 percent shares for retail investors.

Motisons Jewellers that started its jewellery business in 1997 with a single showroom in Jaipur and later expanded network to 4 showrooms under the Motisons brand has reported better financial numbers in the past years, with net profit in the year ended March FY23 rising 50.5 percent to Rs 22.2 crore and revenue increasing 16.5 percent to Rs 366.2 crore compared to previous year.

Profit in the first quarter ended June FY24 reported at Rs 5.5 crore on revenue of Rs 86.7 crore.

Meanwhile, after closing the issue on December 20, the company will finalise the basis of allotment of IPO shares by December 21 and the equity shares will be credited to demat accounts of eligible investors by the end of December 22.

Motison will make its debut on the bourses on December 26 due to Christmas holiday on December 25, as per the IPO schedule.This will be the third jewellery retailer coming out with the IPO and listing in the current calendar year, after Senco Gold and Vaibhav Jewellers.

Holani Consultants is the only merchant banker to the issue, while Link Intime India is the registrar to the offer.

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Share Market Closing Note

Nifty hits 21,000, Sensex gains 300 pts as RBI holds rates:

Indian benchmark indices ended higher in the volatile session on December 8 with Nifty around 20,950.

At close, the Sensex was up 303.91 points or 0.44 percent at 69,825.60, and the Nifty was up 68.20 points or 0.33 percent at 20,969.40. About 1441 shares advanced, 1796 shares declined, and 73 shares unchanged.

HCL Technologies, JSW Steel, LTIMindtree, Apollo Hospitals and Infosys were among the top gainers on the Nifty, while losers were Adani Enterprises, ITC, Adani Ports, Hero MotoCorp and Britannia Industries.

On the sectoral front, FMCG, oil & gas and power indices down 1 percent each, healthcare and auto down 0.5 percent each. On the other hand, bank, Information Technology, Bank and Realty up 0.5-1 percent.

BSE midcap index ended marginally lower, while smallcap index fell 0.4 percent.

Market records biggest weekly gain since July 2022

Sensex & Nifty rise more than 3% each, Nifty Bank gains over 5%

Midcap index rises over 2%, posts weekly gain for 6th straight week

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Topic :- Time:3.20 PM

Just In:

Equity fund inflows fall 22% in Nov; small, mid-cap schemes stay in favour: AMFI

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Topic :- Time:3.10 PM

Nifty spot if manages to close above 20980 level then expect some further dominance by bulls in coming sessions and if it closes below above mentioned level then some sluggish movement can happen. Avoid open short positions for Monday.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 5940. If it holds below 5975 level then expect it to test 5890-5880 level again and once it manages to trade and sustain above 5975 level then some upmove can further follow in it.

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Topic :- Time:2.10 PM

Just In:

Sebi looking at creating new asset class between mutual fund and PMS, says Madhabi Puri Buch

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Topic :- Time:2.00 PM

Nifty is likely to turn more volatile now. Nifty spot if manages to trade and sustain above 20920 level then expect some upmove in the market and if it breaks and trade below 20860 level then some decline can follow in the Nifty.

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Topic :- Time:1.05 PM

Just In:

Paytm share price up 2.5% today after a 19% fall in previous session

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Topic :- Time:1.00 PM

Nifty spot is trading at 20921. If it manages to trade and sustain above 20940 level then expect some upmove in the market and if it breaks and trade below 20900 level then some decline can be seen.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 715.25. If it manages to trade and sustain above 716.20 level then expect some quick upmove in it and if it breaks and trade below 714 level then some decline can be seen in it.

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Topic :- Time:12.15 PM

Just In:

IIFL Securities gains 14% to hit 52-week high after SAT sets aside SEBI order

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Topic :- Time:12.00 PM

Nifty is still trading strong but movement is less as it is waiting for some cues for further upmove. Nifty spot if manages to trade and sustain above 21000 level then expect some further upmove in the market and if it breaks and trade below 20940 level then some decline can be seen in it.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Nifty hits 21,000-mark for first time; Sensex near 70K

2. SEBI getting ready to introduce T+0 settlement trade by end of March 2024: Madhabi Puri Buch

3. RBI MPC raises Indias GDP growth projection to 7% for FY24

4. GQG among the likely buyers in GMR Airports block deal

5. RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

6. Forex reserves at $604 billion

7. Japan revises down third-quarter output

8. Tata Group plans new iPhone factory to hasten Apples India expansion

9. Adani Green lays out plan for repaying $750 mn bond to restore confidence

10. India on course to become 5th-largest market for travel and tourism

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Topic :- Time:11.00 AM

Nifty is trading higher after gap up opening. Nifty spot if manages to trade and sustain above 20980 level then expect some further upmove in the market and if it breaks and trade below 10940 level then some decline can be seen.

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On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still significantly higher than the trend in 2017-2021, it said in a report.

Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.

On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still "significantly higher than the trend in 2017-2021," it said in a report.

Singapore regained the top of the rankings for the ninth time in the past eleven years due to high price levels across several categories.

The city state has the world's highest transport prices, owing to strict government controls on car numbers. It is also amongst the most expensive for clothing, groceries and alcohol.

Zurich's rise reflected the strength of the Swiss franc and high prices for groceries, household goods and recreation, it said.

Geneva and New York tied for third place, while Hong Kong was fifth and Los Angeles in sixth.

Asia continues to see relatively lower price increases on average compared to other regions, it said.

Chinese cities have fallen in its rankings with four cities - Nanjing, Wuxi, Dalian and Beijing - among the biggest movers down the rankings this year along with Osaka and Tokyo in Japan.

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Share Market Closing Note

Market ends flat ahead of weekly expiry; Hero Moto jumps 5%

Equity benchmark indices settled on a flat note on Thursday, November 23, amid mixed global cues. The S&P BSE Sensex scaled a high of 66,235.24, and a low of 65,980.50, before closing a tad in red at 66,017.81 � down 5.43 points. The NSE Nifty50 managed to sustain above the 19,800 level for the second consecutive session and closed at 19,802.

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Topic :- Time:3.00 PM

Nifty spot if manages to hold above 19780 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can be witnessed in the market.

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Topic :- Time:2.50 PM

Just In:

Titan Stock : M-cap crosses ₹3 lakh crore.

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Topic :- Time:2.30 PM

REGULATORY SCRUTINY

Cipla shares fall over 7% as investors react to FDA warning letter.

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Topic :- Time:2.20 PM

Just In:

Bajaj Auto aims monthly sales target of 10,000 Triumphs; new products lined up from Dec: CEO Rajiv Bajaj

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 19840 level then expect some more upmove in the market and if it breaks and trade below 19780 level then some decline can be seen in the Nifty.

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Topic :- Time:12.20 PM

Just In:

Canara Bank to raise up to Rs 5,000 crore via 10-year bonds

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Topic :- Time:12.00 PM

Nifty spot if manages to trade and sustain above 19820 level then expect some upmove in the market and if it breaks and trade below 19760 level then some decline can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty flat; Hero Moto rallies 4%; Bajaj Auto 3%

2. MHI orders probe to investigate role of govt officials in FAME scam

3. Give detailed information on child pneumonia outbreak: WHO to China

4. IndiGos parent firm to challenge tax demands worth over Rs 1,666 cr

5. Mamaearth share price jumps 10% after Q2 net profit doubles to ₹30 crore

6. Cipla tanks almost 7% as USFDAs letter flags data issues at Madhya Pradesh unit

7. Sterling and Wilson hits 5% upper circuit for second straight day after securing $2.2-bn Nigeria order

8. CG Power soars 28% in 2 days as it seeks nod for semiconductor assembly, test facility

9. Home First stock tumbles 5% after block deal on nearly 10% equity

10. CDSL jumps 3% as demat accounts cross 10-crore mark

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Topic :- Time:11.00 AM

After positive opening nifty is now trading flat with minor losses. Nifty spot if manages to trade and sustain above 19820 level then expect some upmove in the market and if it breaks and trade below 19780 level then some decline can follow in the Nifty.

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Share Market Closing Note

Nifty above 19,750, Sensex up 250 pts; metal, realty, pharma rally:

Among sectors, Healthcare, realty, and metal up 1 percent each, while oil & gas and capital goods down 0.5 percent each. BSE Midcap and smallcap indices are trading marginally higher.

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Topic :- 3.25 PM

Just In:

The Fedbank Financial Services IPO will be opened for subscription on November 22, with a price band at Rs 133-140 per share.

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Topic :- Time:3.00 PM

Nifty spot if manages to hold and close above 19750 level then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can follow in the market. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 242.If it manages to hold above 240 level then expect some pull back in it and if it breaks and trade below 240 level then some decline can be seen in NG.

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Topic :- Time:2.20 PM

Just In:

IREDA IPO Day 1: Issue subscribed 0.63 times, retail portion completely booked

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Topic :- Time:2.00 PM

Nifty spot is trading at 19800.Midcaps are likely to take the momentum further. Nifty spot if manages to trade and sustain above 19820 level then expect some further upmove in the market and if it breaks and trade below 19780 level then some decline can be seen in the Nifty.

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Topic :- Time:1.50 PM

Just In:

ED issues show cause notice to Byjus for alleged FEMA violations

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 61040. If it manages to trade and sustain above 61080 level then expect some upmove in it and if it breaks and trade below 60980 level then some decline can be seen in the Gold.

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Topic :- Time:1.20 PM

Just In:

Gandhar Oil Refinery IPO opens on November 22

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Topic :- Time:1.00 PM

Nifty is on the verge of losing some of its earlier gains however it is trading on a stronger note. Nifty spot is trading at 19771. Once it manages to trade and sustain above 19800 level then expect some upmove in the market and if it breaks and trade below 19740 level then some further decline can be seen in the market.

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Topic :- Time:12.45 PM

Just In:

Crude oil prices fall as demand worries outweigh supply cuts concerns

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Topic :- Time:12.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6455. If it manages to hold above 6430 level then expect it to rise till 6490-6500 levels quite soon however if it breaks and trade below 6430 level then some decline can be seen in the Crudeoil.

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Topic :- Time:12.00 PM

Nifty is yet again under consolidation mode. Nifty spot if manages to trade and sustain above 19800 level then expect some upmove in the market and if it breaks and trade below 19750-19740 levels then some decline can be seen in the Nifty.

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Topic :- Time:11.55 AM

TATA TECHNOLOGIES  IPO:

Issue Opens on: 22 NOV 2023

Issue Closes on: 24 NOV 2023

Issue Price: Rs.475 RS.500

Market Lot: 30Shares

Amount: 15000

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Topic :- Time:12.00 PM

Just In:

Indian Renewable Energy Development Agency IPO now open.

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Topic :- Time:11.30 AM

COPPER Trading View:

COPPER is trading at 717.80. If it manages to trade and sustain above 719 level then expect some upmove in it and if it breaks and trade below 716.50 level then some decline can follow in it.

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Topic :- Time:11.00 AM

News Wrap Up:

1. Sensex up 250 pts; Titagarh zooms 11%; IRFC, IRCTC 2%

2. India Inc net profit share in GDP now just shy of 5% after robust Q2

3. Prataap Snacks zooms 30% in two days as GDN Investments buys 1% stake

4. Liquidation share in insolvency cases on the decline, shows IBBI data

5. RBI tightening on unsecured loans: White goods firms fear margin squeeze

6. Jio Financial Services gains 1% on report of bond issue of up to Rs 10k crore

7. Bullish market helps NSE record sustained rise in active users to 3.39 cr in Oct

8. Titagarh Rail scales 52-week high on strategic tie-up with ABB India

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Topic :- Time:10.30 AM

After positive opening nifty is still going good. Nifty spot if manages to trade and sustain above 19780 level then expect some further upmove in the market and if it breaks and trade below 19740 level then some decline can be seen.

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