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The daily turnover of the Global Forex market if taken together estimates at about 3 trillion US$. With this huge turnover the Global Forex market is bigger than any stock market of the world. There was a time when Forex trading was considered the forte of the financial institutions and corporate banks but of late it has become popular even with the retail investors. There are so many factors that have made Forex investment a preferred investment medium for the retail investors. The higher leverage, higher profit potential, round the clock trading hours – all these factors have been instrumental in making Forex trading so wide popular all over the world. As an investor if you want to get maximum profit from your investment at the Forex market, you need to have a comprehensive idea about the functioning of the Forex market. Here we are providing some insight into the world of Forex trading that you need to know as a Forex trader.

How to read the Forex quotes?

There are so many currencies that are traded at the Forex market but there are only seven currencies that are most widely traded all over the world and these currencies are USD, EUR, GBP, AUD, CAD, JPY and CHF. At the Forex market currencies are traded as a pair and the Forex quote is presented in the form of spread. That means your Forex broker offers you the price for buying and selling a currency pair. As a trader if you accept the quoted price the trade is executed at the Forex market by the broker. In the Forex quoted the symbols of the two currencies are presented along with the bid price and the ask price for the currency pairs.

How currencies are traded at the Forex Market?

Each currency pair has two different currencies. Among these two currencies one currency is called the base currency and the other is called the price currency. Generally as a trader you have to invest in the base currency and the value of the base currency will be calculated in relation with the price currency. For example if you are trading on EURUSD currency pair where the EUR is the base currency and the USD is the price currency. You will be investing for specific volume of EUR, let us say 1000 EUR. While buying you have to pay for the price of the 1000 EUR in your currency and the price will be calculated in the USD. When you will be closing the deal the valuation of 1000 EUR in USD will be the price. If the value of EUR increases in respect to USD you get the profit and if the value of the base currency decreases in relation to the price currency you will incur loss in the trade. This is the most fundamental and basic form of Forex trading and there are of course for many parameters and factors that come into play during Forex trading.

How to trade in the Forex market?

Once you accept the quote offered by your Forex broker, the trade is executed by the broker. This lets you trade at the Forex market without attending the trading floor of the Forex market. It makes it also possible to trade at the real time. In fact the online trading systems that are provided by the Forex brokers lets you keep watch on the live and streaming quotes of the currency pairs and then pick up the trades for investment. Moreover you need not have to pay for any transaction fee or brokerage for trading in the Forex market.

Ideal Forex trading strategy – Forex trading is done mostly as margin trading and in Forex trading you will get high leverage. That means with little deposits you can invest in huge valuation of currency pairs. This high leverage lets you trade in the Forex market for greater profits while investing comparatively small amount of money. In fact for some currency pairs that are most widely traded, some brokers offer a leverage of 100 times. That means with deposit of US$ 1000 you can trade for US$ 100,000. This is what makes it possible to earn a fortune at the Forex market. But you need to determine the optimum level of leverage that you can enjoy so that you gain most but loose as little as possible when the market swings.

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Share Market Closing Note

Market ends mixed amid wild swings on Budget day; FMCG stocks shine

ITC, ICICI Bank, JSW Steel, Tata Steel and Tata Consumer Products were among the top gainers on the Nifty, while losers were Adani Enterprises, Adani Ports, HDFC Life, SBI Life Insurance and Bajaj Finserv.

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Topic :- Time:3.00 PM

Todays fall is not due to Budget but due to following news:

Credit Suisse stops accepting bonds of Adanis group amid Hindenburg row.

Nifty will head towards 17200 in coming sessions investors should stay beware. 

Nifty spot if holds above 17420 level on closing basis then expect some pull back in coming session and if it closes below above mentioned level then some sluggish movement can further be observed. 

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Topic :- Time:2.00 PM

Nifty has lost of its earlier gains now. Nifty spot if breaks and trade below 17680 level then expect some further decline in it and if it manages to trade and sustain above 17700 level then some upmove can follow.

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 785.60. If it manages to trade and sustain above 786 level then expect some upmove in the market and if it breaks and trade below 784.80 level then some decline can follow in the Nifty.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 17960 level then expect some further upmove in the market and if it breaks and trade below 17920 level then some decline can be seen in the Nifty. Currently nifty is trading at 17934.

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Topic :- Time:12.50 PM

Tax Proposals in thr Finance Minister speech in Budget 2023*

Indirect Taxes

1. Customs duty on goods of textiles, toys, bicycle reduced from 21 to 13%

2. To promote Green Mobility - basic customs duty concession for lithium ion battery

3. To promote Electronics manufacture- relief on customs duty for camera lens and lithium battery  

4. Television - TV panels customs duty reduced

5. Electric kitchen chimney to reduce inverted duty structure from 7.5 to 15 percent

6. Benefit for ethanol blending program and acid program and epichlorohydrine

7  Marine Products- to promote exports - shrimps, etc. Duty on shrimpfeed reduced

8. Basic Customs duty reduced for seeds in manufacture for diamonds

9. Customs duty to increase in silver bars

10. Steel - concessional customs duty on  steel and ferrous products 

11. Copper - concessional customs duty on copper

12. Rubber - concessional customs duty on rubber

13. Cigarettes - increased tax 

Direct Taxes

1. Common IT form and grievance redressal system

2. MSME - avail benefit of presumptive taxation increased to 44AD to 3 crores

Professionals u/s 44ADA - 75 lakhs 

Provided receipt in cash doesnot exceed 5%

3. TDS only on payment for deduction

4.  Co-operatives tax -15%

Higher limit of 2 lakh per member for cash deposit in agricultural banks

Higher limit of Rs. 3 crores on TDS for cooperative societies

5. Startups

To avail startup benefits from 31-03-2023 to 31-03-2024

6. 100 new joint commissioners for appeal

7. S.54 to S.54F capped at 10 crores

8. TDS on Online gaming - 

9. TDS 30% to 20% on taxable portion of EPF

10. Extending funds for GIFT and IFSC

Personal Income Tax

1. Rebate for income upto 7 lakhs u/s 87A in the new tax regime

2. New tax regime from

0-3 lakhs nil

3-6 lakhs- 5%

6-9 lakhs 10%

9-12 lakhs 15%

12-15 lakhs  20%

Above 15 lakhs- 30 %

3. Standard deduction for new tax regime for Rs. 15.5 lakhs or more -52,500

4. Reduction of highest surcharge from 37% to 25% on new income tax regime

5. Limit on tax exemption for leave encashment is increased from 3,00,000 to 25,00,000

6. New income tax regime default regime

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 69826. If it manages to trade and sustain above 69900 level then expect some quick upmove in it and if it breaks and trade below 69700 level then some decline can follow. Good buy will be from around 69300 level. Buy on dips recommended for now.

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Topic :- Time:12.00 PM

We are in the last leg of the budget announcement now. Expect some wild swings now. Nifty spot if manages to trade and sustain above 17820 level then expect some upmove in the market and if it breaks and trade below 17760 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex gains 400 pts, Nifty around 17,750; banks gain, oil & gas stocks drag

2. FM Nirmala Sitharaman presents Union Budget 2023

3. Manufacturing PMI falls to 55.4 in Jan from 57.8 in Dec, hiring near pause

4. US, India seek joint production of GE jet engines amid push for closer ties

5. Adani groups stock slump worsens as key share sale fails to lift mood

6. Income tax department conducts survey action against drug major Cipla

7. India imported more Russian crude oil than ever in January, shows data

8. Indian Hotels soars 7% on heavy volumes backed by strong Q3 show

9. Adani Enterprises Rs 20,000-crore FPO sails through Hindenburg storm

10. Escorts Kubota rises 16.5% YoY on strong tractor sales data in January

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 01 Feb,2023:

Finance Minister Nirmala Sitharaman will present Budget 2023 today. Expect nifty to react as per news and developments. Nifty to remain highly volatile.

Nifty spot if manages to trade and sustain above 17720 level then expect some upmove in the market and if it breaks and trade below 17620 level then some further decline can follow in the Nifty.

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

Benchmark indices ended on positive note in yet another volatile session on January 31.

At Close, the Sensex was up 49.49 points or 0.08% at 59,549.90, and the Nifty was up 13.20 points or 0.07% at 17,662.20.  About 2368 shares have advanced, 1026 shares declined, and 131 shares are unchanged. 

M&M, SBI, UltraTech Cement, Adani Ports and Adani Enterprises were among the top gainers on the Nifty, while losers were Bajaj Finance, TCS, Tech Mahindra, Britannia industries and Sun Pharma.

Except IT, pharma and oil & gas, all other sectoral indices are trading in the green. 

The BSE midcap index gained 1.4 percent and the smallcap index rose 2.2 percent.

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Topic :- Time:3.00 PM

Tomorrow its the Budget day.Either avoid open positions for tomorrow or stay long in the market. Nifty spot if manages to trade and close above 17620 level then some further upmove can be seen in the Nifty in coming sessions and close below above mentioned level will result in some sluggish movement. 

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6320.If it breaks and trade below 6300 level then expect some decline in it and if it manages to trade and sustain above 6345 level then some upmove can follow in Crudeoil.

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Topic :- TIme:2.15 PM

Just In:

Tech Mahindras budgeting, hiring and operational metrics to be reviewed monthly: CEO CP Gurnani

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Topic :- Time:2.00 PM

Nifty is volatile now. Nifty spot if manages to trade and sustain above 17680 level then expect some further upmove in the market and if it breaks and trade below 17620 level then some decline can follow in the market. Currently nifty is trading at 17652.

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Topic :- Time:1.10 PM

Nifty is likely to turn volatile now. Nifty spot if breaks and trade below 17600 level then expect some decline in the market and if it manages to trade and sustain above 17640 level then some upmove can follow in the Nifty.

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Topic :- Time:12.30 PM

 In a bid to ensure safety of retail investors money, Indian bourses have lowered circuit limit of three Adani group stocks. As per the information available on BSE and NSE website, Indian bourses have lowered circuit limit of three Adani group stocks � Adani Transmission, Adani Green Energy and Adani Total Gas from 20 per cent to 10 per cent. BSE, NSE took this decision after heavy beating of the Adani stocks in last three sessions after shot seller Hindenburg Research raised concern over debt positioning of Adani group companies.

So, after revision of circuit limit, Adani Transmission share price today would have upper circuit limit at ₹1,881.10 apiece on BSE whereas it would have lower circuit limit placed at ₹1,539.10 levels. Adani Transmission share price had ended at ₹1693.15 apiece on BSE, losing to the tune of 15 per cent on Monday session.

Likewise, after lowering of circuit limit from 20 per cent to 10 per cent, Adani Green Energy share price today would have upper price band placed at ₹1,306.45 apiece on BSE whereas it would have lower price band fixed at ₹1,068.95 levels on the same bourse. Adani Green Energy share price had ended at ₹1187.70 apiece on BSE on Monday session.

Similarly, after revision of circuit limit, Adani Total Gas share price will have upper circuit limit at ₹2,582.40 apiece on BSE whereas it will have lower circuit limit at ₹2,112.90 on Tuesday session. Adani Total shares had closed at ₹2347.65 apiece levels on Monday session on BSE.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 778.If it holds below 780.50 level then expect some decline in it and if it manages to trade and sustain above 780.50 level then some upmove can follow.

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Topic :- Time:12.00 PM

News Wrap Up:

1. Sensex, Nifty steady in red; auto, metals firm, SBI gains 3%

2. Women empowerment core of all schemes introduced by govt, says Prez

Economic Survey

3. Economic survey likely to peg 2023-24 growth at slowest in 3-yrs: Report

4. India, China likely to drive half of 2023 global growth, says IMF

5. Adanis $2.5 bn FPO faces critical final day amid Hindenburg turmoil

6. Gautam Adani now no longer among worlds top 10 richest billionaires

7. Inflation in India expected to come down to 5% in 2023 and 4% in 2024: IMF

8. Ashish Kacholia to buy over 5% stake in this SME firm; stock soars 14%

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Topic :- Time:11.00 AM

Nifty is trading highly volatile today due to upcoming budget. Nifty spot if breaks and trade below 17560 level then expect some further decline in the market and if it manages to trade and sustain above 17600 level then some upmove can follow.

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The market succumbed to major selling pressure on January 27, with the benchmark indices falling nearly 2 percent despite a positive trend in global peers, as participants turned cautious ahead of key events next week – Union Budget 2023 and the US Federal Reserve meeting.

Bears took a strong lead for a second consecutive session, which resulted in a loss of Rs 11.75 lakh crore of wealth during 2 sessions, as the BSE market capitalisation fell from Rs 280.39 lakh crore, to 268.64 lakh crore as of 14:46 hours IST.

The mayhem

At the same time, the BSE Sensex plunged 1.93 percent, or 1,160 points, to 59,045, while the Nifty50 tanked 2.1 percent, or 375 points, to 17,517.

All sectors, barring Auto, participated in the correction with Energy, Utilities, Oil & Gas, and Power indices being the major losers, falling 6-7 percent. Bank, Capital Goods and Commodities were down between 2 percent and 3 percent.

Most experts feel this is a general trait of the market wherein it drastically corrects before the Budget, followed by a sharp recovery post Budget. Hence, we need to closely watch the market mood going ahead.

Another event to watch out for would be the outcome of the FOMC meet scheduled on February 1 late night. Fed officials have already warned of aggressive rate hikes to reduce inflation further, though experts feel we are close to the end of the rate hike cycle.

What the Budget 2023-24 entails?

Most experts believe the Budget will take a balanced approach towards fiscal consolidation and economic growth while focusing more on capital expenditure on infrastructure (including defence, railway, roads etc), widening production-linked incentive schemes for more sectors, boosting rural demand and divestment targets.

Any tweak to capital gains tax or its tenure structure would also be keenly watched by the Street.

"Higher allocation to capital expenditure; increase in allocation for PLI scheme to select manufacturing segments; higher MNGREGA allocation given the sluggish rural economy; changes income tax slab to provide relief to the middle class in an inflationary environment; and focus on the monetization of non-core assets of public sector and central government entities to invest in Railways and other logistics infrastructure are likely policy measures in the Budget to boost economic growth," Gaurav Dua, Head of Capital Market Strategy at Sharekhan by BNP Paribas said.

Among stocks, Adani Green Energy, Adani Total Gas, Adani Transmission and Dixon Technologies were the biggest losers in the Nifty500 as all of them were locked in the 20 percent lower circuit. Further, Adani Ports, Ambuja Cements, Adani Enterprises, ACC and Indus Towers cracked 13-18 percent.

In the Nifty50, apart from Adani Ports and Adani Enterprises, State Bank of India, and ICICI Bank were key losers falling more than 4 percent, dragging the Bank Nifty near the psychological 40,000 mark as breaking which can bring more selling pressure in the market.

Among others, BPCL, ONGC, Asian Paints, IndusInd Bank, Hindalco Industries, HDFC, Axis Bank, Coal India, HDFC Bank, and Kotak Mahindra Bank corrected 2-3 percent.

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Share Market Closing Note

Benchmark indices ended lower on January 27 with Nifty around 17,600.

Adani Enterprises, Adani Ports, SBI, ICICI Bank and IndusInd Bank were among the biggest losers on the Nifty, while gainers were Tata Motors, Bajaj Auto, Dr Reddys Laboratories, ITC and Divis Laboratories.

PSU Bank, oil & gas, power and metal indices down 4-6 percent.

The BSE midcap index shed 1.2 percent and smallcap index declined 1.8 percent.

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Topic :- Time:3.00 PM

Market is in the grip of panic and is reacting to Adani group outcomes. No one position to be carried for Monday. 

Nifty spot if holds above 17480 level on closing basis then some pull back can be seen however overall right now trend is sell from rise. So stay cautious.

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Topic :- Time:2.50 PM

Just In:

1. 7 Adani stocks fall up to 23%, lose ₹2.83 L cr in m-cap on Hindenburg report

2. SEBI increases scrutiny of Adani group after report of Hindenburg Research

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6673.If it manages to trade and sustain above 6705 level then expect some upmove in it and if it breaks and trade below 6640 level then some decline can follow in Crudeoil.

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Topic :- Time:2.00 PM

Its panic and panic allaround. Investors are in panic mode now. Nifty spot if breaks and trade below 17500 level then expect some further decline in the market and if it manages to trade and sustain above 17560 level then some upmove can follow. Still trend will remain sell from rise.

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Topic :- Time:1.40 PM

Just In:

Adani Group stocks take a beating on research firm Hindenburgs report projecting an 85% downside in the groups stocks. 

The group has lost an m-cap worth ₹4 lakh crore over the past 2 days. 

Adani Transmission 20% Down.

Adani Total 20% Down.

Adani Green 20% Down.

Adani Wilmar Low Lower.

Adani Power Low Lower.

Adani Ports 15% Down.

Adani Enterprises 10 % Down.

Adani Take Over Cos.

ACC 10% Down.

Ambuja 15 % Down.

NDTV Low Lower.

Adani group dragging down market

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 788.75. If it holds below 790.50 level then expect some decline in it and it is likely to fall towards 785-783 levels and once it manages to trade and sustain above 790.50 level then it is likely to move up.

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Topic :- Time:1.00 PM

Nifty spot if manages to trade and sustain above 17600 level then expect some upmove in the market and if it breaks and trade below 17540 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 68670.If it manages to trade and sustain above 68750 level then expect some upmove in it and if it breaks and trade below 68600 level then some decline can follow in Silver.

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Topic :- Time:12.00 PM

Nifty is in deep red and it will not end here. Investors say away its time for day trading more fall expected in coming days. Stay cautious.

Nifty spot if breaks and trade below 17620 level then we will head towards 17200-17000 levels in coming days.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex down 750 pts; auto, pharma stks firm, HDFC sinks 3%

2. Tatas Air India to seal half of jumbo plane order of 495 jets

3.  India-made 4G, 5G technology stacks may go global during G20 meet

4. Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack

5. India to move to T+1 settlement from Friday

6. ITC gains nearly 3%, hits over two-month high in weak market

7. Tata Motors surges 6%, hits over 4-month high on strong Q3 performance

8. US economy shows signs of slowdown after growing 2.9% last quarter

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 27 Jan,2023:

Nifty is likely to turn volatile as the day progresses. Traders are advised to trade with cautious approach.

Nifty spot if manages to trade and sustain above 17960 level then expect some upmove in the market and if it breaks and trade below 17840 level then expect some decline 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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Nifty is approaching near to its expiry now. Nifty spot if manages to trade and sustain above 18140-18160 levels then expect some upmove in the market and if it breaks and trade below 18100 level then some decline can be seen in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 100 pts, Nifty near 18150; broader indices in red

2. SpiceJet announced sales on flight tickets ahead of Republic Day, a release by the airline stated.

3. Welspun Corp shares rise nearly 4% after bagging contracts in Saudi Arabia

4. Twitter sued over failure to pay Dec rent on San Francisco headquarters

5. India bluechips to shift to worlds fastest settlement cycle T+1 this week

6. NSE, ex-chiefs Ramkrishna, Narain get SAT relief in colocation case

7. Tata Motors reducing discounts on trucks to improve margins

8. Zomato stops 10-minute food delivery offering, CEO announces 800 job posts

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 24 Jan,2023:

Nifty to turn volatile S the day progresses. Global cues to act as trend decider.

Nifty spot if manages to trade and sustain above 18160 level then expect some upmove in it and if it breaks and trade below 18080 level then some decline can follow 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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Topic :- Share Market Closing Note

Benchmark indices ended lower in the volatile session on January 19.

At Close, the Sensex was down 187.31 points or 0.31% at 60,858.43, and the Nifty was down 57.50 points or 0.32% at 18,107.80. About 1549 shares have advanced, 1867 shares declined, and 117 shares are unchanged.

Adani Enterprises, Asian Paints, Tata Motors, IndusInd Bank and Kotak Mahindra Bank were among the top losers on the Nifty, while gainers were Coal India, UPL, ONGC, SBI Life Insurance and BPCL.

Among sectors, power, FMCG and auto down 0.5-1 percent.

BSE midcap and smallcap indices ended on flat note.

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Topic :- Time:3.00 PM

Nifty spot if holds above 18100 level on closing basis then expect some pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.

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Topic :- Time:2.50 PM

Just In:

China prepares AI-warfare plan for Taiwan amid escalating tension.

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Topic :- Time:2.00 PM

Nifty is trading flat. Nifty spot if manages to trade and sustain above 18140 level then expect some upmove and if it breaks and trade below 18000 level then some decline can be seen in it.

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Topic :- Time:1.30 PM

SILVER Trading View:

SILVER is trading at 68000.If it manages to trade and sustain above 68150 level then expect some upmove in the market and if it breaks and trade below 67600 level then some decline can be seen in the Silver.

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Topic :- Time:1.10 PM

Just In:

Tata Tech starts work on IPO to raise up to Rs 4,000 crore.

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Topic :- Time:1.00 PM

Nifty spot is trading at 18112.If it breaks and trade below 18100 level then expect some decline in it and if it manages to trade and sustain above 18140 level then some upmove can follow in the market.

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Topic :- Time:1.00 PM

Nifty spot is trading at 18112.If it breaks and trade below 18100 level then expect some decline in it and if it manages to trade and sustain above 18140 level then some upmove can follow in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 771.00. It will find its resistance at 773-774. If it holds below 773-774 levels then expect some decline in it and above it copper is likely to show some quick upmove. 

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Topic :- Time:12.20 PM

Just In:

RIL Q3 Preview | Revenue set to grow 21%, powered by Jio and retail.

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Topic :- Time:12.00 PM

Nifty is trading in red zone. Nifty spot if breaks and trade below 18120 level then expect some further decline in it and if it manages to trade and sustain above 18140 level then some upmove can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex trims loss, trades flat as Axis, HDFC Bank lend support

2. I am Human, Jacinda Ardern Steps Down As New Zealand Prime Minister, Holds Back Tears

3. India among top 3 auto mkts in the world, yet faces shortage of EV buyers

4. Pharma, healthcare Q3FY23 preview: Cost pressures abating to aid margins

5. Hard choices, says Satya Nadella as Microsoft cuts 10,000 jobs

6. Adani Enterprises hits 2-mth low, down 4% on setting FPO price at discount

7. Crypto collapse brings focus to digital assets true value: Raghuram Rajan

8. Persistent Systems up 5% on strong TCV, in-line revenue growth in Q3

9. Mahindra Lifespace surges 8% on foray into society redevelopment in Mumbai

10. PAN as single business ID set to get legal backing in Budget 2023-24

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Topic :- Share Market Closing Note

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150:

Equity markets extended gains to a second session on Wednesday supported by positive global peers and selected financial and metal stocks. 

The BSE Sensex dipped to a low of 60,569 during the day but firmed up to close 390 points higher at 61,046. The top winners that drove maximum gains on the index were Tata Steel, L&T, Wipro, HDFC twins and Bharti Airtel, which ended 1.6-2 per cent higher. 

The NSE Nifty ended 112 points higher at 18,165, led by Hindalco, which gained 3 per cent, while Tata Motors, Ultratech Cement, HDFC Life, Adani Enterprises and IndusInd Bank restrained gains on the index and dropped up to 1.6 per cent. 

The BSE Midcap and Smallcap indices ended with slimmer gains of 0.5 per cent and 0.2 per cent, respectively. Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent. 

Among stocks, Adani Enterprises closed 1.5 per cent down. The company has filed papers for its Rs 20,000-cr FPO, which will remain open between Jan 27-31. As per the RHP, it will use Rs 10,900 crore of the total proceeds towards capex in airport and green businesses.

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Topic :- Time:3.15 PM

Just In:

Samsung Electronics spars with India over $110 mn production incentives

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Topic :- Time:3.00 PM

Nifty spot if holds above 18140 level on closing basis then expect some upmove in the market and if it closes below above mentioned level then some sluggish move can follow. Avoid open positions for tomorrow.

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Topic :- Time:2.30 PM

COPPER Trading View:

COPPER is trading at 781.65.It will face immediate resistance at 782. If it holds below 782 then it is likely to decline and if it manages to trade and sustain above 782 level then some quick upmove can be seen in it.

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Topic :- Time:2.20 PM

GoMechanic to reduce workforce by 70%, says co-founder Amit Bhasin

Car workshop and auto spare parts platform, GoMechanic is going to let go of approximately 70% of its workforce. This was announced by co-founder Amit Bhasin in a long LinkedIn post. GoMechanic, which offers everything from mechanics to carwashing services on an app, bills itself as having Indias largest auto service center network. With its funding round in jeopardy, the startup is now facing a cash crunch, the people said.

We made grave errors in judgment as we followed growth at all costs, particularly in regard to financial reporting, which we deeply regret, Bhasin said in a LinkedIn post on Wednesday, without sharing details. We take full responsibility for this current situation and unanimously have decided to restructure the business while we look for capital solutions. This restructuring is going to be painful and we will unfortunately need to let go of approximately 70% of the workforce. In addition, a third party firm will be conducting an audit of the business.

GoMechanic, the Gurugram-based company was founded in 2016 by four friends including Kushal Karwa and Amit Bhasin.

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Topic :- Time:2.00 PM

Nifty spot is trading at 18150.If it manages to trade and sustain above 18180 level then expect some upmove in it and if it breaks and trade below 18120 level then some decline can follow in the market.

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Topic :- Time:1.00 PM

Nifty spot is trading at 18158.If it manages to trade and sustain above 18180 level then expect some upmove in it and if it breaks and trade below 18140 level then some decline can follow in the market.

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 69360. If it manages to trade and sustain above 69420 level then expect some upmove in it and if it breaks and trade below 69300 level then some decline can follow in it.

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Topic :- Time:12.00 PM

Nifty is zooming high. Nifty spot if manages to trade and sustain above 18180 level then expect some upmove and if it breaks and trade below 18140 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex zooms 350 pts as Tata Steel, HDFC duo lend support

2. Apple gets a boost in India as Chinese suppliers get govt clearance

3. Amazon back as worlds most valued brand, Apple down to No 2: Brand Finance

4. OYO to refile updated draft IPO papers by mid February, as asked by Sebi

5. Social media firms bent rules to favour Trump, finds Jan 6 committee

6. ICICI Lombard slips 6% on disappointing Q3 results

7. From Paytm to Zomato, start-ups see fresh round of selling; stock falls

8. Sebi returns Lava Intls draft IPO papers; asks to refile with updates

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 18 Jan,2023:

Nifty is likely to turn volatile as the day progresses. Global cues to be eyed.

Nifty spot if manages to trade and sustain above 18080 level then expect some upmove in the market and if it breaks and trade below 18020 level then some decline can be observed 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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Topic :- Share Market Closing Note

Benchmark indices ended higher in the volatile session on January 13 with around 17950.

At Close, the Sensex was up 303.15 points or 0.51% at 60,261.18, and the Nifty was up 98.40 points or 0.55% at 17,956.60. About 1944 shares have advanced, 1456 shares declined, and 137 shares are unchanged.

Adani Enterprises, Tata Steel, IndusInd Bank, Eicher Motors and Infosys were among the top gainers on the Nifty, while losers were Titan Company, Apollo Hospitals, Nestle India, Larsen & Toubro and ITC.

All the sectoral indices ended in the green with metal, power and PSU Bank indices up 1 percent each.

The BSE midcap and smallcap indices ended on flat note.

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Topic :- Time:3.10 PM

Nifty spot if manages to hold above 17900 level on closing basis then expect some further upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen in the Nifty. Avoid open positions for Monday.

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Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 302.70. If it holds above 303 level then expect it to rise till 306.50-307.50. Immediate resistance is at 310. If it holds below 310 level then expect it to decline till 290-285 levels quite soon.

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Topic :- Time:2.25 PM

Just In:

Nykaa declines 1.5% after 10 lakh more shares went on block deal today

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Topic :- Time:2.10 PM

Nifty spot if manages to trade and sustain above 18000 level then expect some further upmove in the market and if it breaks and trade below 17960 level then some decline can follow in the Nifty.

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Topic :- Time:1.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 6405.It will find its immediate resistance at 6455. If it holds below 6455 level then sell on every rise is recommended. Once it crosses 6455 it will turn bullish.

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Topic :- Time:1.00 PM

Nifty is showing great recovery now and is trading in green. Nifty spot if manages to trade and sustain above 17940 level then expect some quick upmove in coming session and if it breaks and trade below 17900 level then some decline can follow.

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Topic :- Time:12.30 PM

SILVER Trading View:

SILVER is trading at 68420.If it manages to trade and sustain above 68575 level then expect some upmove in it and if it remains below 68575 level then some decline can follow in it.

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Topic :- Time:12.10 PM

Nifty is still trading in negative zone after flat opening. Nifty spot if manages to trade and sustain above 17860 level then expect some upmove in the market and if it breaks and trade below 17800 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Tata Steel, Infy, TCS help trim losses; Sensex down 150 pts

2. Apple cuts Tim Cooks pay by more than 40% to $49 mn in 2023

3. Chinas exports slump 9.9% in December as global demand continues to drop

4. Godrej Properties buys 60-acre land in Chennai for housing proj

5. Infosys Q3 result: IT majors revenue grows 20% YoY to Rs 38,318 cr

6. Rail Vikas gains 13% in 3 days on securing orders worth of Rs 1,173 crore

7. L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T

8. HDFC Bank Q3: PAT may grow up to 20% YoY; margin, asset quality seen steady

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Topic :- Stocks Under Ban in F&O

1. Indiabulls Housing Finance

2. GNFC

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Topic :- Stocks in the news

Infosys: The IT services company clocked 9.4 percent QoQ growth in profit at Rs 6,586 crore and revenue grew by 4.9 percent to Rs 38,318 crore, beating analysts expectations. Revenue in dollar terms increased 2.3 percent QoQ to $4,659 million and constant currency revenue growth at 2.4 percent QoQ for Q3FY23. The company raised its FY23 revenue growth guidance, in constant currency terms, to 16-16.5 percent, from 15-16 percent earlier, and EBIT margin guidance remains unchanged at 21-22 percent.

HCL Technologies: The IT company reported better than expected earnings for Q3FY23. It clocked a 17.4 percent QoQ growth in Q3FY23 profit at Rs 4,096 crore and revenue increased by 8.2 percent to Rs 26,700 crore. Revenue in dollar terms grew by 5.3 percent sequentially to $3,244 million with constant currency revenue growth at 5 percent for the quarter. Total contract value was down 1.6 percent sequentially to $2,347 million, while the IT attrition rate dropped to 21.7 percent from 23.80 percent during the same period. The company revised full year constant currency revenue growth forecast to 13.5-14 percent from 13.5-14.5 percent earlier and also lowered EBIT margin guidance to 18-18.5 percent from 18-19 percent earlier.

V-Guard Industries: The company has completed acquisition of 100 percent shareholding in Sunflame Enterprises for Rs 680.33 crore. Out of the total consideration, Rs 25 crore will be paid by the company to the selling shareholders after two years from the date of closure.

Shriram Finance: Private equity player Apax Partners arm Dynasty Acquisition is likely to sell its entire stake - (up to 1.73 crore shares or a 4.63 percent stake) in Shriram Finance via a block deal on January 13, reports CNBC Awaaz quoting sources. As per the report, Apax will offer up to a 6 percent discount on deal. The deal size is Rs 2,250 crore including the green shoe option.

L&T Technology Services: The company has agreed to acquire the smart world & communication (SWC) Business of L&T. This will enable company to combine synergies and take offerings in next-gen communications, sustainable spaces and cybersecurity to the global market. Smart World & Communication was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Government as well as enterprises.

Rail Vikas Nigam: The company has bagged project worth Rs 38.97 crore. It has received letter of award from Southern Railway for the said project.

Anand Rathi Wealth: The company reported a 35 percent year-on-year growth in consolidated profit at Rs 43.22 crore for the quarter ended December FY23, backed by operating performance and topline. Consolidated revenue from operations grew by 30.6 percent YoY to Rs 138 crore in Q3FY23.

GTPL Hathway: The digital cable TV service provider has reported a 31 percent year-on-year decline in profit at Rs 37.6 crore for the quarter ended December FY23, impacted by weak operating performance. Revenue from operations grew by 15 percent YoY to Rs 705 crore with digital cable TV business rising 3 percent and broadband segment growing 18 percent, but EBITDA fell 11 percent to Rs 131.4 crore and margin contracted to 18.6 percent from 24.1 percent on year-on-year basis.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 13 Jan,2023:

Nifty to turn volatile as the day progresses. Global cues to act as trend decider.

Nifty spot if manages to trade and sustain above 17900 level then expect some upmove in the market and if it breaks and trade below 17840 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.