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Share Market Closing Note
Sensex pares losses, ends down 360 pts lower, Nifty below 21,400; IT, FMCG see selling:
The Sensex was down 359.64 points or 0.51 percent at 70,700.67, and the Nifty was down 75.80 points or 0.35 percent at 21,378.20. About 1811 shares advanced, 1422 shares declined, and 56 shares unchanged.
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Topic :- Time:3.00 PM
Nifty spot if holds above 21240 level on closing basis then expect some pull back in the market in coming session and close below above mentioned level will result in more dips. Avoid open positions for Monday as we are heading towards long weekend. NSE/BSE/MCX will remain closed on 26 Jan,2024 on account of Republic day.
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Topic :- Time:2.20 PM
Just In:
Jindal Power quits race to acquire Lanco Amarkantak
In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power company undergoing corporate insolvency proceedings.
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Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 61921. It will find important support at 61800 level. If it holds above 61800 level then expect some quick upmove in it and if it breaks and trade below 61800 level then some decline can be seen in the Gold.
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Topic :- Time:2.00 PM
Nifty spot if manages to trade and sustain above 21300 level then expect some further upmove in the market and if it breaks and trade below 21270 level then some decline can further follow in the market.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER Feb is trading at 729.30. If it manages to trade and sustain above 730.50 level then expect some upmove in it and if it breaks and trade below 728 level then some decline can be seen in it.
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Topic :- Time:12.15 PM
Vijay Kedia backed TAC Security files IPO papers with SEBI, to list with NSE Emerge
TAC Security files Draft Red Herring Prospectus (DRHP) with SEBI for IPO. TAC Security plans to list shares on NSE Emerge platform through IPO.
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Topic :- Time:12.00 PM
After negative opening nifty is trading in deep red again. Nifty spot if breaks and trade below 21280 level then expect some decline in the market and if it manages to trade and sustain above 21320 level then some pull back can be seen. Use rise for going short for now.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Smallcaps shine in weak session; SCI up 12%, RITES 11%
2. One year of Hindenburg: Adani group up, recouping market cap losses
3. Ranjan Pai to own 40% in Byjus Aakash Institute, make it debt-free
4. HDFC Bank says no evidence to suggest FPI selling is related to Sebi circular
5. DLF jumps 4% as Q3 show impresses brokerages with 27% rise in net profit
6. TVS slips 3% after brokerages turn cautious post Q3 results
7. Premji gifts Wipro shares worth Rs 500 crore to sons
8. Bain Capital on track to invest up to $10 bn in India
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