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Benchmark indices ended higher on January with Nifty retesting 18000 led by the PSU Bank, IT, Auto, Capital Goods, Power stocks.
At close, the Sensex was up 650.98 points or 1.09% at 60,395.63, and the Nifty was up 190.60 points or 1.07% at 18,003.30. About 2472 shares have advanced, 948 shares declined, and 88 shares are unchanged.
UPL, Hero MotoCorp, Titan Company, SBI and Maruti Suzuki were among the top Nifty gainers. Losers were Wipro, Nestle, Divis Labs, Asian Paints and Power Grid Corp.
All the sectoral indices ended in the green with PSU Bank, IT, Auto, Capital Goods, Power, Bank, Realty indices up 1-3 percent. BSE midcap and smallcap indices were up 0.7-1 percent.
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Topic :- Time:3.00 PM
Nifty is likely to end on highly bullish note and has hit our 18000 target already and it is likely to hit 18200 level very soon.
Nifty spot if manages to hold above 17950 level on closing basis then expect more upmove in coming sessions and if it closes below above mentioned level then some sluggish movemen can follow. Avoid short positions for tomorrow.
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Topic :- Time:2.40 PM
Just In:
Tata-owned BigBasket starts testing delivery model for small towns.
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Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 47418.If it break and trade below 47300 level then expect quick decline in it and if it manages to trade and sustain above 47440 level then some upmove can follow in it.
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Topic :- Time:2.20 PM
Just In:
South Koreas SsangYong Motor sold for $255 million to local consortium
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Topic :- Time:2.10 PM
Just In:
Decision on overseas listing rules delayed
Legislative amendments to allow Indian entities to list directly overseas may be further delayed as the government is still in talks with stakeholders, including industry leaders, said Anurag Jain, secretary, department for promotion of industry and internal trade (DPIIT), at a virtual media call on Sunday.
On the possibility of the new rules being announced in the Union Budget 2022-23, he said: I dont think it can be resolved that quickly.
For long, startups have been requesting the Centre to amend rules that would allow companies to directly list overseas. Venture capital and private equity firms had also raised the issue a recent meeting with Prime Minister Narendra Modi.
According to existing rules, Indian companies cannot list on foreign exchanges directly if they are not listed on domestic stock exchanges.
Many startups, including food delivery major Zomato and digital payments giant Paytm, went public in 2021. 2022 is expected to witness more public listings of Indian startups both on domestic and global bourses. On Sunday, Jain was briefing the media on the Startup India Innovation Week, starting 10 January. The event is being organized by the DPIIT.
The government seeks to encourage entrepreneurs, investors, incubators, financiers, and policymakers, and national and international stakeholders to celebrate entrepreneurship, and help startups innovate and contribute to Indias growth, Jain said.
Trade and commerce minister Piyush Goyal will chair a roundtable of global venture capital funds on 13 January, while Modi will interact with startups on 15 January through video conference at a closed-door event.
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Topic :- Time:2.00 PM
Nifty is still going strong. Nifty spot if manages to trade and sustain above 17980 level then expect some further upmove in the market and if it breaks and trade below 17960 level then some decline can be seen in the Nifty.
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Topic :- Time:1.45 PM
Just In:
Paytm sinks to record low.
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Topic :- Time:1.10 PM
Nifty is trading at 17962.If it manages to trade and sustain above 17980 level then expect some upmove and if it breaks and trade below 17940 level then some decline can follow in the market.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 739.30.If it manages to hold above 736 level then expect it to rise till 744-745 levels quite soon. Buy on every decline till it holds above 736 is recommended in it.
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Topic :- Time:12.00 PM
After gap up opening nifty is still going strong and is trading 110 points higher from its previous close. Nifty spot if manages to trade and sustain above 17940 level then expect some further upmove and if it breaks and trade below 17900 level then some decline can follow in the market.
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Topic :- Stocks under F&O Ban on NSE
1. Delta Corp
2. RBL Bank
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Topic :- Stocks in News
Tata Steel: The company increased stake in Medica TS Hospital (MTSHPL), a joint venture company, from 26 percent to 51 percent.
Gulshan Polyols: The company has received, signed and executed a Long Term Offtake Agreement, for setting up of upcoming standalone dedicated ethanol plant of 250 KLPD at Industrial Growth Centre, Matia, Goalpara and 500 KLPD (kiloliters per day) at MPAKVN Industrial Area, Borgaon, Madhya Pradesh.
Dilip Buildcon: Subsidiary Sannur Bikarnakette Highways Private Limited has received the financial closure letter from the National Highways Authority of India, for four Laning of Sannur to Bikarnakette section of NH-769 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka.
Sobha: The company reported sales volume of 13,22,684 square feet of super built-up area valued at Rs 1,047.5 crore in Q3FY22, up from sales volume of 11,33,574 square feet of super built-up area valued at Rs 887.6 crore in Q3FY21. Sobha share of sale value stood at Rs 908.2 crore during the quarter, up from Rs 677.7 crore in same quarter last year.
Cyient: Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the company via open market transactions on January 6, reducing shareholding to 33.93 lakh shares from 56.1 lakh shares earlier.
Avenue Supermarts: The company reported 24.6 percent higher standalone profit at Rs 586 crore, and 22 percent higher revenue at Rs 9,065 crore in Q3FY22, YoY.
CSB Bank: C VR Rajendran decided to take early retirement from the post of MD & CEO and to continue leading the bank till March 31, 2022.
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Topic :- Results on January 10
5paisa Capital, Ganga Papers India, GI Engineering Solutions, GNA Axles, Thambbi Modern Spinning Mills, and Vikas Lifecare will release their quarterly earnings on January 10.
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Topic :- Indian Stock Market Opening View
Intraday Trading View For 10 Jan,2022:
Rising covid1-19 cases and lockdown rumors to be eyed. Nifty will remain volatile throughout the week. We can see more upmove in this month. Nifty is likely to move towards 18000-18200 levels in short term.
For Today:
Nifty spot if manages to trade and sustain above 17840 level then some upmove can be seen in the market and if it breaks and trade below 17780 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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