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12:52 (IST) 14 Jun 2023
Nifty 50 – Top Gainers and Losers
Tata Consumer Product, Tata Steel, NTPC, JSW Steel, Power Grid, Grasim, BPCL, Tata Motors, Reliance Industries Ltd (RIL) and Hindalco had been the highest gainers whereas Bajaj Finance, Bharti Airtel, IndusInd Bank, Bajaj Finserv, Infosys, Hero Motocorp, Bajaj Auto, ICICI Bank, SBI Life and Coal India had been the highest losers.
11:07 (IST) 14 Jun 2023
As lengthy as Nifty 50 above 18,600, constructive sentiment to proceed
On Tuesday, the benchmark indices bounced again sharply, the Nifty ended 118 factors larger whereas the Sensex was up by 418 factors. Among sectors, the realty index was the highest gainer, rallied over 2.5 p.c whereas, regardless of robust momentum, selective auto shares witnessed intraday revenue reserving at larger ranges.
Granules India, GAIL among stocks to buy; check target prices
10:54 (IST) 14 Jun 2023
Gold charges acquire on expectations of a fee hike pause from US Fed, softening greenback
Gold fee is buying and selling with positive factors on Wednesday, whereas the silver fee is up 0.44%. On Multi Commodity Exchange, gold August futures had been buying and selling at Rs 59,355 per 10 grams, up Rs 137 or 0.23%. Silver July futures had been buying and selling larger by Rs 315 at Rs 72,409 per kg on MCX.
10:44 (IST) 14 Jun 2023
Apar Industries: Buy – Target Price: Rs 3725 – Prabhudas Lilladher
“We believe, APR’s focus towards value added products and strong traction in exports business will drive strong topline and profitability in the long run. Hence, we expect revenue/PAT CAGR of 16.5%/5% from FY23-25E, amid high PAT base. The stock is currently trading at PE of 20.5x/16.3x FY24/25E. We maintain ‘Buy’ rating on stock with SoTP based TP of Rs 3,725 (Rs3832 earlier) valuing Cables/Conductors/Speciality oil business at PE of 25x/21x/9x on FY25E EPS,” stated analysts at Prabhudas Lilladher.
10:39 (IST) 14 Jun 2023
BUY Kajaria, Somany; HOLD Cera – JM Financial
“We maintain BUY on KJC/ SOMC with a Mar’24 TP of INR 1,350/ INR 860 (valuing it at 35x / 22x Mar’25 EPS) respectively. and maintain HOLD on Cera with a Mar’24 TP of INR 7,000 (valuing it at 30x Mar’25 EPS). We continue to prefer the wood panel sector over the ceramics sector given sector tailwinds (function of real estate inventory absorption) and construct of the industry (relatively lower competitive intensity),” stated analysts at JM Financial.
09:32 (IST) 14 Jun 2023
Anupam Rasayan shares bounce 2.5%
Anupam Rasayan share worth jumped 2.5% to Rs 1113.05 at present. The firm has been granted a Letter of Intent for a venture price Rs 2,186 crores with a number one Japanese particular chemical firm. This venture spans over the following 5 years and entails supplying a new-age patented life science energetic ingredient. The product will probably be within the validation part for the following eighteen months and upon profitable validation, the availability will begin from CY2025. This product will probably be manufactured in our present multipurpose manufacturing amenities.
09:31 (IST) 14 Jun 2023
Zomato shares tank over 1%
Zomato share worth tanked 1.11% to Rs 77.41 after Zomato Australia, step-down subsidiary of Zomato based mostly in Australia, acquired deregistered efficient from June 11, 2023.
09:11 (IST) 14 Jun 2023
Bank Nifty breakout above 44200 might doubtlessly set off trending strikes
“Bank Nifty has been trading in a sideways consolidation phase, indicating a lack of clear directional bias. The immediate resistance level for the index is at 44200, which has been acting as a hurdle for further upward movement. A successful breakout above this resistance level could potentially trigger trending moves in the index, suggesting a bullish sentiment. On the downside, the index has support at 43700, which has held the market from significant declines. If the support at 43700 remains intact, it could provide a buying opportunity for market participants,” stated Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
09:11 (IST) 14 Jun 2023
Bank Nifty short-term goal positioned at 44500
“Bank Nifty has witnessed buying interest from the support cluster of 44000 which coincided with the lower end of the rising channel and also the 20-day moving average (43980). We expect Bank Nifty to continue with the positive price action for the next few trading sessions. Short term target is placed at 44500,” stated Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
09:11 (IST) 14 Jun 2023
Bank Nifty shut above 44300 can push it in direction of 45000
“Bank Nifty continued its struggle around 44150 levels. The index was trading in a range throughout the trading session with some traction seen towards the end of the day. The index has managed to sustain above its 21 EMA on daily charts which are expected to continue lending support and a close above 44300 can push it towards 45000 levels,” stated Gaurav Bissa, VP – InCred Equities.
09:11 (IST) 14 Jun 2023
Nifty speedy hurdle at 18770 which as soon as sustained can push it in direction of 19000
“Nifty immediate hurdle is seen at 18770 levels which once sustained can push the index towards 19000 levels. Comfortable writing was seen in 18700 and 18600 strike put options suggesting the dips are unlikely to be steep and any fall towards 18600 can see fresh buying in the Nifty index,” stated Gaurav Bissa, VP – InCred Equities.
09:10 (IST) 14 Jun 2023
Above 18600, Nifty might rise to 18800-18850
“Nifty has formed a bullish candle on daily charts, which is largely positive. For bulls, 18600 would act as a sacrosanct support zone. As long as the index is trading above the same, the positive sentiment is likely to continue till 18800-18850. However, below 18600, the uptrend would be vulnerable and below the same, traders may prefer to exit from the long positions,” stated Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.
09:10 (IST) 14 Jun 2023
Nifty 18600 might cushion any blip in coming interval
“The 18600 zone for Nifty is likely to cushion any blip in the coming period, while the sacrosanct support lies around the 18500 mark. Meanwhile, the global markets should be watched closely as any further relief could act as a catalyst to open up the next leg of the rally towards the lifetime high zone of 18888,” stated Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel One Ltd.
09:10 (IST) 14 Jun 2023
Nifty present up transfer can prolong until 18800/18889
“Nifty has resumed its up move and successfully defended the crucial support zone of 18530–18500. On the upside, the current up move can extend till 18800 and beyond that 18889. The momentum indicator on the daily and hourly time frame is providing divergent signals however price action is suggesting strength. In terms of levels, today’s gap area formed in the range 18630–186200 shall act as a crucial support zone while 18778–18800 shall act as an immediate hurdle zone,” stated Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.
09:09 (IST) 14 Jun 2023
Nifty resistance ranges are seen at 18800/18900
“Nifty is currently maintaining a position above the critical moving average, which is a key level of support. Additionally, the Relative Strength Index (RSI) has indicated a bullish crossover, further indicating positive momentum in the market. For the Nifty, initial support is expected to be found at the level of 18700, where significant Put writing has been observed. On the other hand, resistance levels are seen at 18800/18900,” stated Rupak De, Senior Technical at LKP Securities.
09:07 (IST) 14 Jun 2023
Nifty, Sensex might open larger; FOMC assembly eyed
“The market is likely to open marginally higher on June 14 as the SGX Nifty indicates a positive start for the broader index, with a gain of 45 points. The US markets have been steadily rising over the last six days. For a long time, Indian markets have been consolidating between 18500 and 18800. The global focus will be on the Federal Reserve meeting, where a rate hike or pause will be widely watched. The strong purchasing figures will aid the market’s upward movement, and traders can buy the decline with a stop loss of 18550 on a closing basis, as it is a significant support for the Nifty,” stated Deven Mehata, Equity Research Analyst at Choice Broking.
09:05 (IST) 14 Jun 2023
Nifty, Sensex might rise following sharp positive factors in US indices
“Markets may witness upward trajectory in Wednesday trades following sharp gains in the US markets after the country’s inflation moderated, thus raising hopes that the Fed may take a dovish stance in the wake of cooling inflation. Another global factor that could help keep local traders in good stead is the lowering of a key interest rate by the People’s Bank of China. The move was aimed at injecting additional funds into the banking system to prop up growth. Investors will also pay close attention to FOMC Chairman Jerome Powell’s comments on the policy outlook. In case the Fed keeps rates unchanged, the feel-good factor could have a rub-off effect on benchmark Nifty that may help the index reach its all-time high of 18888 sooner than later,” stated Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
09:03 (IST) 14 Jun 2023
Indel Money expands operations to construct a pan-India presence
Indel Money at present operates by way of its greater than 250 branches in 8 states like Maharashtra, Odisha, Karnataka, Andhra Pradesh, Tamil Nadu, Telangana, Puducherry and Kerala is aggressively pursuing a pan-India roadmap by opening 105 branches in FY24.This consists of 45 branches in Maharashtra, Gujarat, Rajasthan and Madhya Pradesh. The firm has launched the third public challenge of non-convertible debentures (NCD) of face worth Rs. 1,000 every (open from June 6–19 June 2023). The challenge aggregates as much as Rs 100 crore and the coupon yields as much as 12.25% each year.
08:47 (IST) 14 Jun 2023
Nifty faces main hurdles at its all-time-high at 18888 mark
“Nifty’s biggest support to watch for today’s session is placed at the 18557 mark. On the upside, the index faces major hurdles at its all-time-high at the 18888 mark,” stated Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
08:02 (IST) 14 Jun 2023
Asian markets commerce in inexperienced
Asian markets had been buying and selling in inexperienced – Hong Kong’s Hang Seng rose 0.44%, China’s Shanghai Composite index gained 0.38%, Asia Dow jumped 0.68% and Japan’s Nikkei 225 surged 1%.
08:01 (IST) 14 Jun 2023
IEX, India Cements, Delta Corp, Manappuram, BHEL, Indiabulls beneath F&O ban at present
The National Stock Exchange has IEX, India Cements, Delta Corp, Manappuram Finance, BHEL, and Indiabulls Housing Finance securities on its F&O ban record for 14 June. According to the NSE, shares are prohibited within the F&O sector once they have exceeded 95% of the market-wide place restrict (MWPL). During the F&O ban interval, no new positions are permitted for F&O contracts in that inventory.
07:59 (IST) 14 Jun 2023
Nifty to reclaim 18800 or quit positive factors? See SGX Nifty, FII knowledge, US CPI, extra earlier than market opens
On Tuesday, persevering with their upward momentum for the second day, the home indices NSE Nifty 50 and BSE Sensex recorded positive factors, ending the day in constructive territory. Nifty 50 surged by 118 factors, closing at 18,716, whereas Sensex skilled a 0.67% improve, settling at 63,143.
07:58 (IST) 14 Jun 2023
Stocks To Watch: Adani Enterprises, Reliance Industries, Kotak Mahindra Bank, Zomato, Anupam Rasayan
The SGX Nifty recorded a acquire of 0.26% throughout Wednesday’s early buying and selling session, with a worth of 18,833 indicating a constructive opening for the home indices NSE Nifty 50 and BSE Sensex.
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