Weak Seesion for US Markets
😱 Strong jobs report casts doubt over Fed’s rate-cut path
🤔 Good news for the economy but not for the markets as of now
🇺🇸 Markets on Friday
#DowJones -1.6%
#NASDAQ -1.63%
S&P500 -1.54%
Russell 2000 -2.2%
Strong jobs report
🇺🇸 payrolls grew by 256,000 in December vs expected increase of 155,000
👉Unemployment rate at 4.1% vs expected 4.2%
Reaction
🇺🇸 10-year Treasury yield spiked to its highest level since late 2023
☹️ Odds of a March cut fell to around 25% following the jobs data vs 41% probability a day earlier
Source: CME FedWatch Tool
University of Michigan’s consumer sentiment index signaled concern on the inflation front
👉Overall index came in at 73.2 for January vs Dow Jones estimate of 74, part of that was driven by one-year inflation expectations rising to 3.3% from 2.8%
Growth stocks got hit 👎
Chipmaker Nvidia -3%
AMD -4.8%
Broadcom-2.2%
Other Assets
💲 Dollar Index 109.68, highest since November 2022
⛽️ Brent Crude 79.7$/barrel, U.S. imposes sweeping sanctions against Russia oil industry
💸 Bitcoin 94400$
🪙 Gold $2,688/ounce
Flows in Cash Market on 10th January 2024
👎 FII net sold ₹2255 cr
👍 DII net bought ₹3962 cr
INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY PUT OPT 23500 16JAN SER AT 251 RECO LONGS GIVEN AT 205
Читать полностью…Securities in Ban For Trade Date 10-JAN-2025:
1 BANDHANBNK
2 HINDCOPPER
3 LTF
4 MANAPPURAM
5 RBLBANK
*Instl. Investors EQUITY Cash Trades PROV. - 09/01/2025 : Rs. CRS. :*
*FIIS : SELL -7,171 (8,537-15,708)*
*DIIS : BUY +7,639 (16,727-9,088)*
INTRADAY CALL UPDATE : CLOSE POSITIONS IN RELIANCE IND AT 1253 SL HIT RECO LONGS GIVEN AT 1265
Читать полностью…*News Headlines from Business News Agencies:*
*Business Standard*
📝 India sees biggest bond outflows since 2020 amid global volatility
📝 India's rice stocks hit record high, wheat reserves continue to deplete
📝 Tesla recalls around 239,000 vehicles over rear-view camera issue
📝 India must lead in sunrise sectors to reach $32 trn economy by 2047: Kant
📝 Practo reports 22% rise in revenue in FY24, GMV crosses Rs 3,500 crore
📝 DPIIT holds meeting with AIFs to promote capital mobilisation for startups
📝 Vedanta Resources secures $300 million loan commitment for debt refinancing
📝 Microfinance sector shows signs of stress as delinquency rates rise
📝 USC seeks Indian collaborations to address healthcare challenges
📝 Nippon Life launches its first fund from GIFT City for global investors
📝 SECI's cumulative awarded renewable energy capacity exceeds 73 GW in Dec
📝 China expands consumer trade-in programme to revive consumer spending
*Economic Times*
📝 Practo reports 22pc rise in revenue in FY24, GMV crosses Rs 3,500 crore
📝 Indian unicorns hit $340 billion valuation in 2024 amid surge in IPOs, acquisitions: report
📝 India's forex reserves fall to $634.59 bn, down by $5.6 bn as of January 3
📝 Realtors, investors put $11.4 bn equity investments in Indian real estate during 2024: CBRE
📝 34 mutual fund NFOs mobilised Rs 13,852 crore in December
📝 Govt sets wheat procurement target at 30 MT for 2025-26 season
📝 Indian Gas Exchange seeks regulatory nod to launch 3-6 month contract
📝 Govt releases tax devolution of Rs 1.73 lk cr to states to accelerate capital spending
📝 Taiwan chip giant TSMC says 2024 revenue rose 33.9%
📝 SBI Chairman pitches for dedicated institutions to track end-use of funds raised by small businesses
📝 Bihar cabinet nod for land acquisition for expansion of Darbhanga, Raxual airports
📝 50 Amrit Bharat trains to be manufactured at ICF in next 2 yrs: Railway Minister Vaishnaw
*Mint*
📝 India's industrial production expands to six-month high of 5.2% YoY in Nov 2024
📝 9.4% of Airbus deliveries came to India, 7.6% to IndiGo alone
📝 Oil Sanctions Concern Spurs Asian Buyers to Seek Alternatives
📝 SpiceJet to fly 10 grounded aircraft by mid-April
📝 Indian power company CESC's Q3 profit falls amid higher tax expenses
📝 Reits, InviTs, municipal bonds to see robust growth over next decade: Sebi chief
📝 Indian real estate records all-time high foreign investment of USD 11.4 bn in 2024
📝 India to be testbed for decarbonisation solutions globally, says GEAPP chief
📝 Vodafone Idea clears Indus Towers' outstanding dues with parent's fund infusion
📝 BlackRock part ways with major climate group after being targeted by Republicans
📝 Supreme Court stays ₹1.5 trillion tax notices to online gaming companies
#BreakingNews | #NovemberIIP at 5.2% vs CNBC-TV18 poll of 4.12%
November IIP at 5.2% vs 3.7% (MoM)
INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY CALL OPT 49000 30JAN SER AT 1069 RECO LONGS GIVEN AT 969
Читать полностью…INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY PUT OPT 49200 JAN SER AT 895 RECO LONGS GIVEN AT 808
Читать полностью…*News Headlines from Business News Agencies:*
*Business Standard*
📝 RBI eases curbs on NBFCs as compliance improves after supervisory actions
📝 Aerospace firms gird for protectionism under Trump, says Airbus CEO
📝 Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers
📝 Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years
📝 Climate change puts India's rice and wheat output at risk of 6-10% decline
📝 NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps
📝 Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year
📝 SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela
📝 Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand
📝 Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL
📝 Envision bags 1GW wind, first 320 MWh BESS orders from Juniper Green Energy
📝 BP partnership to boost ONGC revenue by $10.3 billion over 10 years
*Economic Times*
📝 India added 24.5 GW solar and 3.4 GW wind capacity in 2024, sets new records
📝 Fast paced growth of top end models jack up Mercedes’ average selling price in 2024
📝 HDFC Securities surpasses Rs 25,000 crore in mutual fund AUM
📝 Fintech Tide looks to onboard 10 lakh MSMEs by 2025-end, launch new solutions
📝 India has potential to increase organic products' exports to Rs 20,000 cr in 3 years: Piyush Goyal
📝 Bankruptcy Court admits Oban Fashions under insolvency resolution
📝 US pharma major Eli Lilly and Co plans to establish new GCC in Hyderabad
📝 Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
📝 Microfinance business shrinks in Q2 as delinquency rates surge
📝 Tata Motors group global wholesales up 1 pc at 3,41,791 units in Q3
📝 Jupiter International to invest Rs 6,500 cr on capacity expansion
📝 Ultra luxury homes demand at new peak in 2024 with sales of 59 units for Rs 4,754 cr: Anarock
*Mint*
📝 Indian Hotels Q3 update: Tata Group company reports opening of 40 new hotels
📝 Mutual fund folios hit 22.5 crore in Dec; SIP inflows exceed ₹26K crore
📝 Policybazaar and insurer partners join hands for elderly support services
📝 E-way bill generation rebounds in December, signalling supply chain recovery
📝 International alcohol cos seek $466M in unpaid debts from Telangana govt: Report
📝 FPIs resume selling spree in Jan, pull out nearly ₹12K cr from Indian stocks
📝 Tepid Q3 earnings outlook spells more pain for Indian companies
📝 Auto Sector Q3 Results Preview: Expect modest revenue, profit growth for OEMs
📝 Swiggy to launch standalone app for quick commerce arm Instamart
📝 Govt to sign mining pact with Mongolia to source copper and coking coal
📝 Realty companies' Q3 to be mixed, followed by an action-packed Q4
*Offer For Sale: Adani Wilmar Limited*
Seller: Adani Commodities (Promoter)
Floor Price: Rs 275/Sh (Approx 15.0 percent discount at Last Closing 323.5)
Total OFS size in Rupees: 25.99 crore shares or Rs 7148.0 crore (At floor price)
Base OFS size in Rupees: Rs 4825.0 crore (Or 17.54 Cr shares)
Green Shoe size in Rupees: Rs 2323.0 crore (Or 8.45 Cr shares)
For Non-Retail Investors: 10th January 2025
For Retail Investors: 13th January 2025
Retail Reservation: 10%
Mutual Fund and Insurance companies’ Reservation: 25%
TCS has announced a dividend of ₹76 per share, including a ₹66 special dividend. The record date is January 17. The payment date is February 3.
Tata Consultancy Services
INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY PUT OPT 49700 30JAN SER AT 855 RECO LONGS GIVEN AT 747
Читать полностью…MKT ALERT : US stock markets will close on 9 January 2025 in honour of former President Jimmy Carter.
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