TUESDAY 

29-NOV-2022

 

Bulls on the ride-Break and sustain above 18610 is further upside

FLAT to NEGATIVE

 

Today’s Market Prediction:

• Indian stock market Would open FLAT
• Technically, Nifty is still in the Negative zone whereas BankNifty is still in the Negative zone.
• Nifty index formed a bullish Engulfing candle on the daily charts.
• India VIX up by 1.74 percent to 13.57 levels.
• GDP may print at 5.8% in Q2
• India's economy likely slowed to annual 6.2% in July-Sept
• US crude turns positive, Brent pares losses on OPEC+ cut rumors
• Mark Mobius sees Bitcoin down at $10,000 in ‘dangerous’ crypto market
• Ajanta Pharma: Officials of the company will interact with Nomura Asset Management, Kotak Mahindra Offshore, White Oak Capital Partners, and Templeton Investment Management.
• Inox Green Energy Services: Dovetail India Fund Class 6 Shares sold 18 lakh shares in Inox Green Energy at an average price of Rs 61.69 per equity share.

Stocks in NEWS

• Arvind Smartspaces: Arvind SmartSpaces launched Arvind Greatlands, a plotted development, located at Devenahalli, Bangalore - sold an area of more than 0.57 msf amounting to a booking value of over Rs. 200 Crore.

• Five Star Business Finance: The company declared 22 percent QoQ growth in its PAT to Rs 144 crore while its disbursements jumped 127% QoQ to Rs 803 crore. The AUM for the company stood at Rs 5,732 crore, up 24 percent YoY. 

• Lupin: Lupin's Brazilian subsidiary, MedQuimica has signed a definitive agreement to acquire all rights to nine medicines from BL Indústria Ótica Ltda., a subsidiary of Bausch Health Companies Inc. 

• Filatex Fashions: The Hyderabad based manufacturer is planning a capex of Rs 300 crore over the next 18 months towards installation of another 500 machines to meet the growing demand for its products.

• NBCC: The public sector “Navratna” has received work orders to the tune of Rs 271 crore for construction of balance works /left out works of Amrapali corporate Hub at Gurgaon pertaining to Amrapali group of companies amounting to Rs 42.4 crore. 

• Ami Organics: Norges Bank on account of The Government Pension Fund Global bought 10.92 lakh equity shares in Ami Organics at an average price of Rs 920 per share. 

Market Indication:

Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY:  FLAT to NEGATIVE

BULK Deals:  Venus Pipes & Tubes etc.

Stocks In F&O Ban Period: BHEL, Delta Corp, and Indiabulls Housing Finance 

Results Today: Nil

SGX NIFTY:  (Negative)

18667     -61.50    -0.33%

 

FII-DII:  FIIs were net buyers of Rs.935.88 crores whereas DIIs were net buyers of Rs.87.93 crores in cash market for last trading session.

NIFTY (18563) The support for the Nifty is: 18419-18361-18265 and the resistance to the up move is at: 18609-18668-18765 levels.

BANKNIFTY (43020): The support for BankNifty is: 42813-42714-42555 and the resistance to the up move is at 43134-43233-43393 levels.