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Topic :- Share Market Closing Note
Indian benchmark indices ended lower on April 17 with Nifty around 17,700.
At close, the Sensex was down 520.25 points or 0.86% at 59,910.75, and the Nifty was down 121.20 points or 0.68% at 17,706.80. About 1747 shares advanced, 1739 shares declined, and 180 shares unchanged.
Infosys, Tech Mahindra, HCL Technologies, NTPC and Larsen and Toubro were among major losers on the Nifty, while gainers included Nestle India, Power Grid Corporation, SBI, Britannia Industries and
Coal India.
On the sectoral front, the information technology index fell 4.7 percent and pharma index down 0.6 percent, while PSU Bank index up 3 percent and oil & gas, realty, FMCG indices rose 1 percent each.
The BSE midcap index added 0.5 percent, while smallcap index up 0.15 percent.
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Topic :- Time:3.00 PM
Nifty spot if holds above 17680 level on closing basis then expect some quick upmove in the market and if it closes below above mentioned level then some sluggish movement can be seen.
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Topic :- Time:2.30 PM
COPPER Trading View:
COPPER is trading at 787.20. If it breaks and trade below 786 level then expect some decline in it and if it manages to trade and sustain above 789 level then some upmove can follow in Copper.
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Topic :- Time:2.00 PM
Nifty is in silent mode not showing much movement as off now. Nifty spot if manages to trade and sustain above 17700 level then expect some upmove in the market and if it breaks and trade below 17640 level then some decline can follow in the Nifty.
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Topic :- Time:1.40 PM
LME Inventory:
COPPER INCREASED BY 225
ALUMINIUM DECREASED BY 2300
NICKEL INCREASED BY 366
ZINC DECREASED BY 50
LEAD INCREASED BY 4950
TIN INCREASED BY 15
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Topic :- Time:1.30 PM
Just In:
The Supreme Court imposed a penalty of Rs 10 lakh on the Mumbai Metro Rail Corporation (MMRC) for seeking to cut more trees in violation of a Supreme Court order.
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Topic :- Time:1.00 PM
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 17640 level then some decline can follow.
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Topic :- Time:12.00 PM
Nifty spot is trading at 17658. If it manages to trade and sustain above 17680 level then expect some upmove in the market and if it breaks and trade below 17640 level then some decline can be seen.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex down 700 pts; FMCG stocks up, MidCaps outperform
2. US banking crisis far from over, stocks can sink another 27%: Jeremy Grantham
3. Zee sees large block deal amid reports of Invesco dumping 5.6% stake
4. Tech Mahindra down 7%, Citi downgrades stock to sell
5. Shoonya glitch a wake-up call for bourses; Sebi on perils of rampant options trading
6. CPI inflation at 5.7% in March guarantees a pause in June but watch out for crude
7. M&M recasts leadership to beef up focus on EV business
8. Nykaa hovers near record lows.
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Topic :- Time:11.00 AM
After flat to negative start nifty is gaining some momentum. Nifty spot is trading at 17655. If it manages to trade and sustain above 17680 level then expect some upmove in the market and if it breaks and trade below 17640 level then some decline can be seen in the market.
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 17 April,2023:
Nifty will open after long weekend once again. Traders are advice not to jump into trades as per sentiments. Just trade as per market trend. Global cues to be eyed along with results.
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 17780 level then some 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.