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Benchmark indices fell 1 percent on May 12 on the back of weak global cues.
At close, the Sensex was down 471.01 points or 0.96% at 48690.80, and the Nifty was down 154.30 points or 1.04% at 14696.50. About 1571 shares have advanced, 1443 shares declined, and 151 shares are unchanged.
Tata Steel, Hindalco Industries, JSW Steel, IndusInd Bank, and HUL were among the top losers on the Nifty. Gainers included Tata Motors, Titan Company, Maruti Suzuki, Power Grid Corp, and UPL.
On the sectoral front, the Nifty PSU Bank index rose over 3 percent, while Nifty Bank, metal, and energy indices fell 1-3 percent.
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Topic :- Time:1.30 PM
GOLD Trading View:
GOLD is trading at 47595. If it manages to trade and sustain above 47620 levels then expect some quick upmove in it and if it breaks and trades below 47520 levels then some decline can follow in it.
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Topic :- Time:1.10 PM
The very slow movement is there in the market today. Nifty spot if manages to trade and sustain above 14780 levels then some upmove is expected and below 14760 levels some decline is possible. Currently, the nifty spot is trading at 14771.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 801. If it breaks and trades below 800 level then expect some decline in it and if it manages to trade and sustain above 802.50 level then some further up move can be seen in it.
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Topic :- Time:12.20 PM
Just In:
Covaxin recommended by an expert panel for phase 2/3 trials on 2 to 18-years old.
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Topic :- Time:12.00 PM
Nifty is highly rangebound. Nifty spot if manages to trade and sustain above 14760 levels then expect some upmove and if it breaks and trade below 14720 levels then some decline can follow. 14700 to act as spot support.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex dips 450 points; financials, IT stocks slip
2. Indias daily Covid deaths rise by record 4,205, says health ministry
3. Sebi plans to ease post-IPO lock-in for promoters, amend the definition
4. Covid-19 in numbers Cases 23,340,938 | Deaths 254,197 | Vaccination 175,235,991
5. L&Ts Q4 revenue expected to grow on the back of higher execution
6. State Bank of Indias Padmakumar M Nair named as CEO of proposed bad bank
7. Godrej Consumer soars 15% on Sudhir Sitapatis appointment as MD and CEO
8. Pipeline outage causes US gasoline supply crunch, panic buying
9. Siemens surges 10%, hits new high on strong March quarter results
10. Venkys (India) rallies 10%, hits 52-week high post Q4 results
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Topic :- Time:11.00 AM
Nifty is highly rangebound. Nifty spot if manages to trade and sustain above 14760 levels then expect some upmove and if it breaks and trade below 14720 levels then some decline can follow in it.
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Topic :- Time:10.10 AM
After the negative opening nifty is showing some strength. Nifty spot if manages to trade and sustain above 14740 levels then expect some upmove and if it breaks and trade below 14700 levels then some decline can be seen in the market.
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Topic:- Results on May 12
Asian Paints, Lupin, UPL, Apollo Tyres, Tata Power, Avadh Sugar & Energy, Birla Corporation, Borosil Renewables, Dwarikesh Sugar Industries, GRM Overseas, Happiest Minds Technologies, HG Infra Engineering, Jindal Steel & Power, JSW Ispat Special Products, Kaycee Industries, Kennametal India, Khaitan Chemicals & Fertilizers, Mahindra Lifespace Developers, Mid East Portfolio Management, Orient Electric, Palash Securities, Pidilite Industries, Prince Pipes and Fittings, PTL Enterprises, Sagar Cements, Saregama India, SIL Investments, Sonata Software, Swiss Military Consumer Goods, Thambi Modern Spinning Mills, Trigyn Technologies, UPL, Vaibhav Global, Vardhman Concrete, Vikas WSP, Voltas and Yasho Industries will release quarterly earnings on May 12.
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Topic:- Stocks in News
Pennar Industries: SAIF India IV FII Holdings sold 31,81,239 equity shares (2.24 percent shareholding) via an open market transaction on May 7, reducing stake to 6.30 percent from 8.54 percent earlier.
Linde India: The company reported a higher consolidated profit at Rs 303.2 crore in Q4FY21 against Rs 39 crore in Q4FY20; revenue rose to Rs 441.4 crore from Rs 377.2 crore YoY.
Kalpataru Power Transmission: The company reported sharply higher consolidated profit at Rs 174 crore in Q4FY21 against Rs 31 crore in Q4FY20; revenue jumped to Rs 4,086 crore from Rs 3,527 crore YoY.
Infosys: The company announced a strategic collaboration with Britvic to accelerate its digital strategy.
Siemens: The company reported sharply higher consolidated profit at Rs 334.4 crore in Q2FY21 against Rs 175.7 crore in Q2FY20; revenue increased to Rs 3,483.7 crore from Rs 2,640.2 crore YoY.
Godrej Consumer Products: The company reported sharply higher consolidated profit at Rs 365.84 crore in Q4FY21 against Rs 229.9 crore in Q4FY20; revenue rose to Rs 2,730.74 crore from Rs 2,153.80 crore YoY.
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Topic:- Nifty Opening Note
Indian Stock Market Trading View For 12 May 2021:
Nifty is likely to trade volatile in a range. Another big breakout is likely to happen very soon in the market. Nifty spot if manages to trade and sustain above 14900 levels then expect some upmove in the market however 14950-14960 levels will act as good resistance for the market. Nifty spot if breaks and trade below 14800 level then some decline can follow in the market. Please note this is just an opening view and should not be considered as the view for the whole day.
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