Experts Financial News

Narayana Hrudayalaya Ltd, part of the hospital sector, has fallen by about 10% from its record high and is consolidating in a narrow range forming a Flag-like pattern on the daily charts. The stock is on the verge of a breakout from a Flag pattern. Hence, short-term traders can look to buy the stock for a retest of its record high and a possible move towards 1500 levels, suggest experts. The stock hit a record high of Rs 1314 on 21st November 2023, but it failed to hold on to the momentum.

Transformers and Rectifiers(India)(up 10.51%), Kalpataru Projects International(up 9.60%), KPI Green Energy(up 9.01%), Indo Tech Transformers(up 4.30%), Alstom T&D India(up 4.29%), Energy Development Company(up 2.76%), DPSC(up 2.54%), Orient Green Power Company(up 2.10%), CESC(up 1.66%) and JSW Energy(up 1.37%) were among the top gainers. Inox wind(down 1.53%), NTPC(down 1.16%), Gujarat Industries Power(down 0.90%), PTC India(down 0.81%), Power Grid Corporation of India(down 0.75%), SJVN(down 0.44%), NHPC(down 0.38%), Adani Power(down 0.27%) and KEC International(down 0.19%) were among the top losers.

Trident Techlabs listed at a premium of 180.4% on the NSE SME platform on Friday at Rs 98.15 per share. Ahead of the listing, the company's shares traded at a premium of Rs 43 in the unlisted market. The IPO was priced in the range of Rs 33-35. The Rs 16-crore IPO of Trident Techlabs was subscribed over 700 times at close.

Cholamandalam Investment & Finance Company Ltd. traded 0.73 per cent up in Friday's trade at 10:20AM (IST). Around 4,666 shares changed hands on the counter.

NSE SME platform on Friday. The stock was listed at Rs 98 on NSE. Ahead of the listing, the company's shares were trading with a premium of Rs 31 in the unlisted market.

We spoke to Sudeep Shah, Deputy Vice President and Head of Technical & Derivatives Research, SBI Securities, on how one should trade stocks that were in focus in the previous trading sessions based on derivative and technical data: SAIL gives trendline breakout Steel Authority of India’s (SAIL) stock has given a horizontal trendline breakout on the daily scale. This breakout was accompanied by robust trading volume, signalling substantial market enthusiasm. Moreover, the stock showcased a sizable bullish candle, reinforcing the optimistic momentum in the recent price action. At present, the stock is positioned above both its short and long-term moving averages, both of which are on an upward trajectory and align favourably.

Benchmark NSE Nifty index fell 71.95 points to 21706.75 amid selling in frontline bluechip stocks. However, stocks such as Bajel Projects, Akshar Spintex, Raj Rayon, Muthoot Microfin and Palash Securities, touched their fresh 52-week low.

How the interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is calculated The interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. It is linked to the interest rate of the National Savings Scheme (NSC), a small savings scheme offered by the Union government. RBI Floating Rate Savings Bonds will pay 0.35% higher than what NSC offers.

Sheetal Diamonds preferential issue 2023: Shares of Sheetal Diamonds Ltd are one of the multibagger stocks that Indian stock market has delivered in 2023. The micro-cap stock has risen from around ₹4.61 to ₹61.66 apiece levels in YTd time, delivering around 1,250 per cent return to its shareholders in 2023. However, it seems that the multibagger stock still has some steam left in it.

Day trading guide for today: On account of strong sentiments in Asian stock market, Dalal Street ended higher for fifth straight session on Thursday. Nifty 50 index ended at 21,778 levels after climbing to a new peak of 21,801. BSE Sensex finished at 72,410 levels after hitting record high of 72,484.

Catch Live Market Updates here The domestic equity benchmarks reached a new peak on Thursday and ended higher for the fifth consecutive session amid widespread buying. The Sensex closed 371.95 points higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70. Nifty formed a reasonable positive candle at the highs, which indicates an uptrend continuation pattern.

Indian economy, banking sector showed resilience: SBI chairman Khara Carter’s INQQ ETF's top holding is Mukesh Ambani-led Reliance Industries, the conglomerate behind the affordable smartphone boom. “No other country on the planet has anything like this in terms of a digital foundation for their entire economy," Carter told cnbc.com.

Buy or sell stocks for today: Following strong sentiments in Asian stock market, Dalal Street ended higher for fifth straight session on Thursday. Nifty 50 index ended at 21,778 levels after climbing to a new peak of 21,801. BSE Sensex finished at 72,410 levels after hitting record high of 72,484.

₹15.02 crore from the issue which was entirely a fresh issue of 16.88 lakh shares being sold at a price of ₹89 per share. AIK Pipes IPO allotment is expected to be finalized today on Friday, December 29. AIK Pipes And Polymers shares will list on BSE SME with a tentative listing date fixed on January 2, 2024.

Innova Captab IPO: Listing date for the initial public offering (IPO) of Innova Captab Limited has been fixed on 29th December 2023 i.e. today. As per the information available on BSE website, Innova Captab share price will list on BSE and NSE in special pre-open session during Friday deals.

Sensex ended 371.95 points, or 0.52%, higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70, on December 28. “Markets have been gaining for five consecutive trading sessions on the back of optimism over expected growth next year. Global markets too were supportive as investors hoped for an early rate cut in 2024.

growth may have outstripped expectations in the second quarter of fiscal 2024 but Shashanka Bhide, an external member of the Monetary Policy Committee, believes that there are challenges to optimistic growth assessments from weak consumption and an uncertain global environment. «I believe there are vulnerabilities to this growth assessment in the sense that there are a few major drivers on the demand side. We see weaker growth in consumption.

«Overall we expect positive momentum to continue and markets to end the year on a buoyant note,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS

Siddhartha Mohanty requested regulators to allow the insurance giant access to a central bank database on large firms while pushing for more assets to be made available for insurers to invest in. «It will be a little selfish to say, with regards to LIC, when multiple regulators are there, there are certain issues. Some issues will be process-related and some policy-related,» Mohanty said at an event organised by State Bank of India. «Like a small issue, suppose the CRILC (Central Repository of Information on Large Credits).

PNB The Board of the Bank approved the proposal for raising of equity capital upto Rs 7500 crore in one or more tranches during FY 2024-25 through QIP/FPO or any other mode. Read more: Here's the trade setup for today's session Tata Steel Tata Steel received a notice from Uttar Pradesh State Pollution Control Board, imposing an environmental damage compensation of Rs 6.75 lakh. Info Edge The company has agreed to invest an amount of Rs 25 crores in Zwayam Digital, a wholly owned subsidiary. Swan Energy The Board has approved raising of funds up to Rs 4,000 crore through issuance of instruments or security including equity shares or any other eligible securities. Federal Bank The RBI has given its approval to ICICI Prudential AMC for acquiring holding of up to 9.95% of the Bank. Aarti Drugs The company has received an administrative warning letter by Sebi regarding the non-disclosure in the event of closure of company’s Sarigam Plant in the month of April 2022. Tata Coffee The scheme of arrangement amongst Tata Consumer Products, Tata Coffee and TCPL Beverages & Foods will be effective January 1.

forwards in government securities, a move that will enable market participants, particularly long-term investors, to manage cash flows and interest rate risk. Comments on the draft directions can be sent by banks, market participants and investors to the Reserve Bank of India by January 25. A bond forward refers to a derivative contract in which one counterparty agrees to purchase a specific debt instrument from another counterparty on a particular future date and at a price decided at the time the contract is struck. The norms will apply to transactions in bond forwards conducted in the over-the-counter market. Banks, except for small finance banks, payment banks, local area banks and regional rural banks will act as market-makers in bond forwards along with standalone primary dealers.