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«For a sustained upward movement towards 22,300 level, the index needs to decisively break above the 22,150 mark. On the downside, the immediate support is located at 21,950, and a clear break below this level could trigger further corrections towards the 21,800 mark,» said Kunal Shah, senior technical & derivative analyst at LKP Securities. Here are 2 stock recommendations for Wednesday: Buy BSE at Rs 2,317-2,320 Target Price: Rs 2,450 Stop Loss: Rs 2,250 BSE is seen to be breaking out of a pattern formation and making a bullish candlestick on the daily timeframe, which indicates strength.

Medi Assist Healthcare is yet to sail through, but the issue gained some momentum on Tuesday, the second day of bidding with an overall subscription of 81% so far. The issue closes on Wednesday. The retail portion of the issue was fully subscribed, followed closely by the NII category at 70%.

Jyoti CNC Automation jumped nearly 13% after a decent debut on the exchanges on Tuesday. The stock was last trading at Rs 418 apiece, up 27% over the issue price of Rs 331. The premium listing was in line with expectations, which can be attributed to the company's market leadership and a substantial presence in the global CNC machine manufacturing market. The focal points in the company's business model are its client base, healthy margins and a proxy play on the defense sector.

Jyoti CNC Automation share price made a strong debut on Tuesday, listing with gains of 11.78% higher than the issue price of ₹331 on the NSE. It further rose to ₹426.40 levels during the morning trades. On BSE, Jyoti CNC Automation share price was listed at ₹372 apiece, up 12.39% than the issue price.

The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones. Positive setup was seen in OFSS, Glenmark, Aurobindo Pharma, Granules, ONGC, Indian Hotels, Rec Ltd, BEL, Bharti Airtel, PFC, Godrej Properties, IRCTC, RIL, UBL, Apollo Hospital etc. On the weekly options front, the maximum Call OI is placed at 22500 strikes and then towards 22300 strikes while the maximum Put OI is placed at 22000 strikes and then towards 21800 strikes. Call writing is seen at 22800 strikes and put writing is seen at 22000 strikes. “Options data suggests a broader trading range in between 21500 to 22500 zones while an immediate trading range in between 21800 to 22300 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a bullish candle on the daily scale on Monday with a long lower shadow which indicates that every small decline is being bought in the market,” he said. “Now the index has to hold above 22000 zones, for an up move towards 22222 then 22350 zones while on the downside support exists at 21950 and 21850 zones,” recommended Taparia. We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:

Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run. Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday. Here's what Kushal Gandhi, Technical Analysts at Stoxbox, recommends investors should do with these stocks when the market resumes trading today.

₹293.82 crore for the December quarter, against ₹668.2 crore in the previous quarter. Revenue from operations came in at ₹413.6 crore against ₹608 crore during the previous one as the company had no dividend income in the quarter, against ₹216.85 crore in the previous one.“The Indian rupee is showing continuous strength and remains below 83 amid an increase in the foreign exchange reserves and upbeat growth prospects for the year 2024-25.

Buy or sell stocks for today: The Indian stock market indices, Sensex and Nifty, extended their record run for the fifth consecutive session on Monday led by a strong rally in IT stocks. The Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45.

Although artificial intelligence (AI) has been quietly helping us for decades, with progress accelerating, 2023 will be remembered as a ‘big bang’ year. With the advent of generative AI, the technology has broken through in popular consciousness and is shaping public discourse, influencing investment and economic activity, sparking geopolitical competition, and changing human activities from education and healthcare to the arts. Each week brings some new breathtaking development.

Nirmala Sitharaman will rise in the Lok Sabha on February 1 to present the Union Budget 2024-25. It will be an interim Budget as the elections for the Lok Sabha are due early next year. The full Budget for FY25 will be presented after the formation of the new government following the general elections.

Wipro Ltd hit 52-week highs, and HCL Technologies Ltd surged to a record high. FPIs net purchased shares worth ₹1,085.72 crore while domestic institutional investors (DIIs) sold shares worth ₹820.69 crore.

Telecom operators have sought a reassessment of the government’s draft policy around establishing direct-to-mobile (D2M) networks to ensure a level-playing field, and have warned of the possibility of regulatory arbitrage if such a policy is implemented hurriedly. The government is exploring a proposal for D2M networks that will enable beaming of TV channels on mobiles without a cellular data connection. Telcos have been opposing any hasty decision as the technology is still immature. “It’s crucial to ensure that any D2M service implementation aligns with national legal and technical standards and does not result in regulatory arbitrage in providing the content services on mobile handsets,” the Cellular Operators Association of India (COAI), which represents Reliance Jio, Bharti Airtel and Vodafone Idea, said in a statement Monday. The telco industry body has called for a re-evaluation of aspects around level-playing field, spectrum allocation, network integration and regulatory /cost arbitrage.

Max Healthcare Institute, Tata Motors, Hindalco Industries, HDFC AMC, L&T Technology Services. However, it has removed Ashok Leyland / HDFC Life Insurance from the model portfolio and the maximum weight cut has been in Avenue Supermarts, Hindustan Unilever and TCS.

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Hawaii lawmakers are due to convene this week for the first time since the burning of historic Lahaina awakened the state to the deadly and costly threat posed by wildfires in an age of climate change

Avenue Supermarts, which operates the retail chain of DMart, has failed to impress investors with its Q3 FY24 earnings, as the company's shares in today's trading session ended with a modest 0.37% gain at ₹3,855 apiece. The company released its Q3 FY24 (third quarter) numbers on Saturday (January 13), posting a 17.2% YoY growth in its consolidated revenue from operations at ₹13,572 crore, as compared to ₹11,569 crore in the same period last year.

Penny stock under ₹10: Vikas Lifecare shares are one of those small-cap stocks of the Indian stock market that are priced under ₹10 per share. This penny stock under ₹10 has been in an uptrend after ushering in the new year 2024. The small-cap stock has surged from ₹4.95 to ₹7.45 apiece levels in the year 2024, delivering over 50 per cent return to its positional shareholders.

Geojit Financial Services observed that the current rally in the market, primarily driven by momentum, is now getting support from fundamentals. He said the sharp bounce in large-cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment can surprise on the upside on news of a turnaround in the sector. Also Read: Nifty 50 advances for 5th straight session, crosses 22,000 mark for first time; Wipro, Infosys, TCS among major gainers Vijayakumar further added that the Nifty has broken out on the upside from the consolidation range and it shows signs of a further up move.

fixed deposits and physical assets like gold and real estate. Today, four crore unique investors are invested in mutual funds, in a country of 140 crore people, highlighting a large scope for further adoption. Increased awareness of mutual funds is also visible in monthly SIP flows which have doubled from pre-pandemic levels to more than ₹17,000 crore per month (as of Dec 9, 2023).