Domestic equity markets will be driven mainly by quarterly earnings, global trends, and the movement in crude oil prices in this holiday-shortened week, analysts said. Investors would also keep an eye on the Middle East amid the ongoing Hamas-Israel conflict and the trading activity of foreign investors. Markets will remain closed on Tuesday for Dussehra. “Global markets are currently fragile due to heightened attention on the rising US bond yield, global economic uncertainty, and also the geopolitical situation. These factors will be closely monitored, as they have the potential to influence market sentiment.
“Market participants will be closely watching the movement of the rupee against the dollar and crude oil prices, as well as investments by foreign institutional investors (FIIs) and domestic institutional investors (DIIs), during the results season,” Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said. Markets may face volatile trends amid monthly derivatives expiry on Thursday. This week is a holiday-shortened one and we expect volatility to remain high due to the prevailing earnings season and scheduled expiry of October month derivatives contracts, Ajit Mishra, SVP – Technical Research at Religare Broking Ltd, said.
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“The market will take further cues from the Israel-Palestine conflict. One should keep a watch on the earnings of major companies in India. Some major global and domestic events will be in focus such as the UK services PMI, US manufacturing and services PMI, US GDP, initial jobless claims, and crude oil inventories,” Arvinder Singh Nanda, Senior Vice President at Master Capital Services Ltd, said.
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Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities Ltd, said markets worldwide, including India, will respond to geopolitical challenges, oil prices, and bond yield fluctuations, with continued stock-specific action tied to quarterly results. “We expect earnings season to pick up pace in a truncated week which would direct the market trend along with global cues. On the global front, ECB (European Central Bank) will announce interest rate decision this week,” Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd, said.
Among the key results, Axis Bank, Tech Mahindra, Maruti Suzuki and Bajaj Finserv will announce financial numbers for the September quarter, he added. Canara Bank, Asian Paints, PNB, BPCL and Reliance Industries will also announce their quarterly earnings during the week. Last week, the BSE benchmark plunged 885.12 points or 1.33 per cent and the Nifty declined 208.4 points or 1.05 per cent.
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In the Lost Crown, Memory Shards are a limited but reusable resource that assigns a single button press to taking a screenshot and pinning it to your map Come from Sports betting site VPbet . Those who have played metroidvania games like Castlevania: Symphony of the Night or Metroid Dread know that a core part of the genre revolves around unlocking new abilities and then going back to previously explored areas to reach places you couldn’t before. Memory Shards are an easy, intuitive way to keep track of doors you can’t unloc…
By admin • February 6, 2025 • Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO).The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said. The Rs 251.2-crore IPO comprises a fresh issue of equity shares worth up to Rs 165 crore and an Offer For Sale (OFS) of 39 lakh equity shares aggregating to Rs 86.2 crore, at the upper end of the price band, by the promoter group.
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By admin • February 5, 2025 • The board of the Securities and Exchange Board of India (Sebi) may soon consider making application supported by blocked amount (ASBA) mandatory for at least qualified stock brokers (QSBs) in the secondary market, its chairperson Madhabi Puri Buch said. It is currently optional for brokers to provide this facility to investors in the secondary market, though it is mandatory in the primary market.
ASBA is an application containing an authorisation to block application money in the bank account, for subscribing to an IPO issue Come from Sports betting site VPbet . The money blocked cannot be used for any purpose, but account holder continues to earn interest on it. “We should take it to our board. We believe in glidepath. We will give market enough time to adjust. It has been optional for some time,” Buch said. “We might make a proposal to mandate qualified brokers to offer the A…
By admin • January 13, 2025 • By Riyank Arora
On Wednesday, the benchmark indices gave a good breakout above the 19,550 marks. The Nifty ended 231 points higher while the Sensex was up by 742 points. Among Sectors, almost all the major sectoral indices witnessed good buying interest, with Nifty Reality and Nifty IT being the leaders ending up by 2.95% and 2.59% for the day respectively. Technically, post a strong opening the market successfully managed to close above the 19,550 mark. Any pull-back towards 19,650 now should be a good buying opportunity, the next up-move and push the upside towards 19,800 and a weekly close above 19800 should trigger the next up-move towards the 20,000 mark. Immediate Support is looking to be around 19,625 below which downside can extend towards 19,600 and 19,550.
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By admin • January 2, 2025 • The benchmark equity indices ended Thursday’s trading session in the negative territory. The NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slips 132.04 points or 0.19% to 69,521.69. Bank Nifty index ended flat slight up 6.85 points or 0.01% to settle at 46,841.40.
The broader indices ended in mixed, with fall led by Largecap and smallcap stocks. FMCG and Metal stocks outperformed among the other sectoral indices while Consumer Durables, and Media stocks shed.
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By admin • December 27, 2024 • Automotive manufacturer Bajaj Auto is set to commence its Rs 4,000-crore share buyback program on March 6. The Bajaj Group company plans to repurchase 40 lakh shares with a face value of Rs 10 each, constituting approximately 1.41% of the total outstanding shares.
The buyback price is fixed at Rs 10,000 per share. The announcement of this buyback plan was made in January 2024, employing the tender offer route on a proportionate basis.
The buyback period extends until March 13 and is notably at a significant premium to the current market levels, which stand at Rs 8,299.60 on NSE. During today’s morning trade, the stock price saw a 1% increase, reaching Rs 8,488.
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