BTST CALL UPDATE : BOOK PROFITS IN MGL AT 1263 TARGET HIT RECO LONGS GIVEN AT 1237
Читать полностью…CUES FOR TODAY
- Market rallies in the 2nd half of trade, yesterday
- Gift Nifty suggests flattish start
- Range-bound consolidation likely, until RBI Policy outcome
WALL ST OVERNIGHT
Dow -0.3%
S&P 500 +0.24%
Nasdaq +0.97%
INDIA CASH MARKET FLOWS
FII -238 Cr
DII +3589 Cr
FIIs Sell 582 Cr in Index Futures
FII Long Exposure at 33%, Net Exposure at -1.24 Lk contracts
Options data and recent moves suggest
Nifty Range at 24000-24350
Nifty 20 DMA at 23985
ITC Important to track
- Sources Say: GoM Likely To Propose A New ‘Special Rate’ Of 35% On Tobacco & Tobacco Products, Aerated Beverages
- Other Stocks in Focus
Torrent Power: To Raise Up To 3,500 Cr Via QIP, Issue Price
1,503/sh
Solar Ind: Bags Export Order Worth 2,039 Cr For Supply Of Defence Products
161 Cr From CERSAI
Safari Ind: Commences Production At New Luggage Facility In Jaipur
Protean: Bags An Order Worth
Pricol: To Acquire Sundaram Auto Components’ Injection Moulding Biz For `215 Cr
RBL Bank: Enters F&O Ban
INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY FUT DEC SERIES AT 52310 RECO LONGS GIVEN AT 52175
Читать полностью…INTRADAY CALL UPDATE : EXIT POSITIONS IN NETWEBTECH AT 2777 SL HIT RECO LONGS GIVEN AT 2805
Читать полностью…CUES FOR TODAY
- Strong rebound on Day 1 of December series
- Reliance, L&T, Airtel, M&M and HUL led gains
- Midcaps & Nifty Bank gained less than Nifty
- Gift Nifty Suggests 25 Pts positive start
Key to Track
- Is soft GDP data for Q2, 5.4% growth, priced in?
- Could the RBI announce growth boosting measures on Dec 6?
Wall Street in a short session
Dow +0.4%
S&P +0.5%
Nasdaq +0.8%
- US 10Y Bond Yield slides to 4.21% lowest since October
Cash Market Flows
DII +5723 Cr
FII -4383 Cr
FIIs in Index Futures
- FIIs buy 218 Cr in Index Futures
- FII Long Exposure at 33%, Shorts at 67%
Nifty Levels
20 DMA at 23982, important support
24300-24350: Resistance Zone
Stocks in Focus
Auto Stocks:
Maruti, TVS Nov Sales Beat Estimates
Hero, Eicher & Hyundai Sales Miss Estimates
CIPLA:
Promoters May Sell Up To 1.72% Eq Via Block, Offer Price At 6% Disc To CMP
ASTER DM:
To Merge Blackstone-backed CARE Hosp With Itself
BIOCON:
Gets US FDA Nod For Biocon Biologics' Arthritis Drug YESINTEK
ORDER WINS:
- Cochin Shipyard: Bags 1000 Cr Contract From Defence Ministry
- RVNL: Lowest Bidder For a 643 Cr project
- KEC Intl: 1040 Cr For T&D Biz Orders for International Markets
GREAVES COTTON:
Board Approves IPO Of Greaves Electric Mobility Via Fresh Issue & OFS
HOME FIRST:
Promoters May Sell 14.70% Eq Via Blocks, Floor Price At 8% Disc To CMP
*News Headlines from Business News Agencies:*
*Business Standard*
📝 India's power consumption rises 5% to 125.44 billion units in Nov
📝 Coal India's total production up by 2% to 471 million tonnes in Apr-Nov
📝 Block deal activity hits 6-month low at Rs 25,669 crore as markets wobble
📝 India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran
📝 SBI planning to open 500 new branches across India in FY25: MoS Finance
📝 Tripura demands Rs 135 cr power dues from Bangladesh amid rising tensions
📝 Skoda targets sales surge in 2024 with new compact SUV Kylaq launch
📝 Commerce ministry reviewing India-US trade relations amid Trump statements
📝 Govt deploys advanced tech to enhance oversight over retail fuel outlets
📝 CBDT extends deadline to Dec 15 for taxpayers with overseas transactions
📝 Zepto CEO sees clear path to IPO in 2025 with profitability in focus
📝 Insurance premiums may drop if GST Council decides to reduce taxes: FM
*Economic Times*
📝 O2 Power inks pact to supply 100 MW electricity to East Central Railways
📝 India exports organic food products worth nearly $450 million till November 25 of FY2025
📝 RBI lifts its supervisory restrictions on Sachin Bansal-led Navi Finserv Limited
📝 AIFF signs commercial rights agreement with Shrachi Sports, Sony Sports to telecast I-League matches
📝 RBI moves, asset quality to push NBFCs slow down asset growth to 15 pc in FY25, FY26: Crisil
📝 Up to 75 pc of GST revenue comes from 18 pc slab: MoS Finance
📝 Indian SMEs see sustainability as a key driver for commercial success: DHL Express Global Sustainability Survey 2024
📝 India's wheat planting up 6.6%, rapeseed sowing drops
📝 Rupee remains one of the best-performing Asian currencies: MoS Finance
📝 MapMyIndia to spin off B2C unit; CEO Rohan Verma to head new venture
📝 MG to launch Cyberster electric convertible in January, to be priced around Rs 65-70 lakh
📝 Prosus invests $80 million in supply chain finance startup Mintifi for 10.6% stake
*Mint*
📝 Indian real estate attracts ₹75,500 cr investment from AIFs; highest among all sectors: Anarock
📝 Byju's insolvency: Riju Raveendran approaches NCLT to seek inclusion in case
📝 Swiggy to take 10-minute food delivery to tier 2 and 3 cities
📝 India rates market signals easing, likely via liquidity, after weak growth data
📝 Global South not responsible for environmental damage: Piyush Goyal
📝 GreenLine partners with Flipkart to power greener supply chains
📝 KEC International has tailwinds of order wins, financial leverage
📝 ₹200 cr recovered from realtors to compensate homebuyers, ₹500 cr more payable: MahaRERA
📝 Avg housing prices up 11pc in Jul-Sep in 8 cities, highest 32pc rise in Delhi-NCR: Report
📝 Ambuja Cements partners with Coolbrook for cement manufacturing with zero-carbon heating technology
📝 Building Apple products has become a side hustle for China’s biggest EV maker
INTRADAY CALL UPDATE : BOOK PROFITS IN ADANIPORTS AT 1217 RECO LONGS GIVEN AT 1203
Читать полностью…INTRADAY CALL UPDATE : BOOK PROFITS IN RELIANCE IND AT 1309 RECO LONGS GIVEN AT 1295
Читать полностью…INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY CALL OPT 24100 5DEC SERIES AT 244 RECO LONGS GIVEN AT 200
Читать полностью…Things to watch this week 📰
-Market sentiment could be hit due to GDP shocker
Weak Q2 GDP growth at 5.4% vs expectation of 6.5%
GDP at 7 quarter low
however GDP data is back ended, and perhaps priced in to a large extent
-Upcoming RBI policy on December 6 is crucial
after weak GDP data, all eyes on whether RBI will cut rates
-street is not expecting a rate cut in this policy
-US markets close in the green in holiday shortened trade on friday
Dow jones up 200 points , S&P 500 up 0.5%
-Foreign selling reduced to 4383cr on Friday
DII buying of 5723cr seen on Friday
-Auto sales were a mixed bag in November
Maruti saw double digit 10.4% YoY growth
tractor maker escorts saw 9.4% YoY fall in sales
TVS motor sales up 10.2% YoY, above expectations
During today's proceedings in the Indian Parliament's Winter Session, Finance Minister Nirmala Sitharaman will present the Banking Laws Amendment Bill in the Lower House for consideration and passing, aimed at amending the Reserve Bank of India Act, 1934, and the Banking Regulation Act. Additionally, the Railways Amendment Bill 2024 is set to be discussed in the Lower House. In the Upper House, the bills scheduled for consideration include the Oil Fields Regulation and Development Amendment Bill 2024 and the BH Vahan 2024.
-: India considering to pass banking amendment bill in Dec session