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Share Market Closing Note
Benchmark indices climbed on Friday as investors cheered US Fed chair Jerome Powells comment that the US may be able to avoid a deep recession despite aggresive rate hikes. The S&P BSE Sensex, which had erased all the morning gains during the day, clawed back to end at 59,793, up 105 points or 0.18 per cent.
The Nifty50, on the other hand, settled at 17,833, higher by 35 points or 0.19 per cent. In the broader markets, the Nifty MidCap 100 added 0.35 per cent, while the Nifty SmallCap100 edged 0.06 per cent up.
Among individual stocks, Tech M, IndusInd Bank, Infosys, HCL Tech, Maruti Suzuki, SBI, and TCS were the top large-cap winners, while Astral, Godrej Industries, Bajaj Holdings and Investments, All Cargo Logistics, Nazara Technologies, and Stove Kraft were the top broader market gainers.
Sectorally, the Nifty IT index jumped the most, up 2 per cent, while the Nifty Financial Services and Realty indices dipped 0.5 per cent each.
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Topic :- Time:3.00 PM
Nifty spot if holds above 17820 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can happen in the market. Avoid open positions for Monday.
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Topic :- Time:2.30 PM
ZINC Trading View:
ZINC is trading at 287.70.If it manages to trade and sustain above 288 level then expect some upmove in it and if it breaks and trade below 287.20 level then some decline can follow in the Zinc.
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Topic :- Time:2.00 PM
Once again nifty is gaining some momentum. Nifty spot if manages to trade and sustain above 17860 level then expect some upmove and if it breaks and trade below 17820 level then some decline can follow in the Nifty.
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Topic :- Time:1.30 PM
GOLD Trading View:
GOLD is trading at 50625.If it holds above 50500 level then expect it to rise till 50850-50900 levels quite soon and if it breaks and trade below 50500 level then some decline can be seen in the Gold.
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Topic :- Time:1.00 PM
Nifty is on the verge of losing all of its early gains now. Nifty spot if manages to trade and sustain above 17820 level then expect some upmove in it and if it breaks and trade below 17780 level then some decline can follow in it.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 662.45.If it manages to trade and sustain above 663.50 level then expect some quick further some more upmove in it and if it breaks and trade below 661.00 level then some decline can be seen in it.
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Topic :- Time:12.15 PM
Just In:
India bans export of broken rice.
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Topic :- Time:12.00 PM
Nifty is declining from its highs. Nifty spot if breaks and trade below 17840 level then expect some further decline in the market and if it manages to trade and sustain above 17860 level then some upmove can follow in it.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex up 200pts, Nifty above 17,850; SBI, BoB at 52-week high
2. Tata Group in talks with Apples Taiwanese supplier for assembling iPhones
3. Rupee hits over a one week high on softerning dollar and crash in oil price
4. Reliance Jio going with Nokia, Ericsson to roll out 5G network in October
5. Citigroups epic $500 mn blunder ends in legal victory for the bank
6. Reliance Power to issue shares to VFSI Holdings at Rs 15.5; stock sinks 10%
7. Hatsun Agro rallies 13% in four days as Sundaram, SBI MF pick up 1.3% stake
8. Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME
9. Tube Investments hits record high, up 22% in six trading sessions
10. PMS asset base rises 17% to Rs 25.4 trn in July, shows Sebi data
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Topic :- Time:11.00 AM
After positive opening nifty is still trading in green zone. Nifty spot if manages to trade and sustain above 17900 level then expect some quick upmove in the market and if it breaks and trade below 17860 level then some decline can be seen in the Nifty.
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 09 Sept,2022:
Nifty is likely to remain volatile and is expected to follow global cues.
Nifty spot if manages to trade and sustain above 17820 level then expect some quick upmove and if it breaks and trade below 17760 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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