Trade Financial News

The Nifty future closed negative with losses of 2.01% at 21587 levels on Wednesday. India VIX was up by 11.13% from 13.57 to 15.08 levels. Positive setup was seen in stocks like LTTS, OFSS, Birla Soft, BHEL, Persistent Systems, L&TFH, Lupin, Torrent Pharma, Coforge, Godrej Properties, and IOC. On the weekly options front, the maximum Call OI is placed at 21800 strikes and then towards 22000 strikes while the maximum Put OI is placed at 21500 strikes and then towards 21300 strikes. Call writing is seen at 21800 then 21700 strikes while minor put writing is seen at 21550 then 21400 strikes. “Options data suggests a broader trading range in between 21200 to 22000 zones while an immediate trading range in between 21400 to 21800 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bearish candle on the daily scale on Wednesday and negated the sequence of higher lows of the last four trading sessions,” he said. “Now till Nifty holds below 21700 zones, weakness could be seen towards 21450 and 21300 zones while on the upside hurdle shifts lower at 21700 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:

The world’s biggest talk show is on: the World Economic Forum’s (WEF) 54th Annual Meeting at Davos began this Monday and ends on Friday. As in the past, this year too, the WEF conclave in the Swiss skiing resort, where they have been held for half a century, is being attended by a veritable who’s-who of business, politics and media.

Day trading guide for today: Following weak global market sentiments on disappointing Chinese economic data and geopolitical tension in the Middle East, the Indian stock market fell on the second day in a row. Nifty 50 index registered the biggest intraday fall since 13th June 2022 due to the panic selling across the board led by banking stocks. The 50-stock index crashed 460 points and closed at a 21,571 level, BSE Sensex tanked 1,628 points and closed at a 71,500 level whereas the Bank Nifty index nosedived 2,060 points and finished at 46,064 mark.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. Nifty 50 formed a reasonable negative candle on the daily chart with a long upper shadow. The huge opening downside gap remains partially filled.

₹3,816 crore in the December quarter amid volatility in the stocks of the ports-to-renewable energy conglomerate, according to data from stock exchanges.Despite this sale, the value of LIC’s investment in Adani group companies has risen almost 54% from ₹36,470 crore on 30 January 2023 to ₹56,073.64 crore on 17 January 2024, as shares gained during the period. During the third quarter, LIC also bought shares in Ambuja Cements Ltd worth ₹20.3 lakh.In Q3, LIC sold a little more than 37 million shares across flagship Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Adani Energy Solutions Ltd (AESL).

Sensex nosedived 1,628 points on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares. The Nifty tanked 460 points to settle at 21,571. Stocks that were in focus included names like HDFC Bank, which fell 8.16%, TV18 Broadcast, which rose 7.58%, and SAIL, whose shares declined 5% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.

dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal Reserve will not rush to lower interest rates. Australia's dollar weakened after data showed an unexpected decline in employment. The U.S.

Houthi rebels to a list of terrorist groups, as the militants claimed their second attack this week on a U.S. operated vessel in the Red Sea region. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers — an escalation of the more than three-month-old war between Israel and Palestinian Hamas militants in Gaza.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. “Hawkish Fed commentary, escalating tension in the Middle East, and a spike in bond yield dented investor sentiment. On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Buy or sell stocks for today: Following weak global market sentiments on disappointing Chinese economic data and geopolitical tension in the Middle East, Indian stock market fell on second day in a row. Nifty 50 index registered biggest intraday fall since 13th June 2022 due to the panic selling across the baord led by banking stocks.

Chambal Fertilisers & Chemicals: The company has declared buyback of shares worth ₹700 crore. The record date to ascertain the eligibility of shareholders for the share buyback has been fixed on January 18. In a stock exchange filing, Chambal Fertilisers & Chemicals said: “….the Board of Directors of the Company approved the buyback of up to 1,55,55,555 fully paid-up equity shares of the Company of face value of Rs.

Colliers International Group Inc., which says prime office values tumbled about 30% from their pre-Covid high in some of the nation’s major cities. “Given how deep prices have corrected, there are lots of bargain-hunting opportunities," said Jimmy Gu, a deputy managing director and co-head of capital markets and investment services at Colliers. “It all depends on buyers’ outlook for the economy." Grade-A offices in Shanghai and Beijing used to be sought after by global real estate funds, making them more attractive than those in New York and London.

BEIJING (Reuters) -China and the Philippines agreed to improve maritime communication and to properly manage conflicts and differences through friendly talks in regards to issues around the South China Sea, according to a statement from the Chinese foreign ministry.

LTIMindtree IT services company LTIMindtree's consolidated net profit rose 17% year-on-year to Rs 1,169 crore for the quarter ended December. Asian Paints Asian Paints reported a 35% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,448 crore. IndusInd Bank, Polycab, JSL Shares of IndusInd Bank, Polycab and JSL will be in focus today as the companies will announce their third quarter results. Read more: Here's the trade setup for today's session Pricol After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% stake through the open market on Wednesday. Speciality Restaurants Speciality Restaurants reported net profit of Rs 13.8 crore in the December quarter. Revenue from operations were at Rs 116 crore. Indiabulls Housing Finance Indiabulls Housing Finance to raise funds up to Rs 5,000 crore through issue of equity shares. Nazara Technologies Nazara Technologies to raise funds up to Rs 250 crore by issuance of 28.66 lakh equity shares at Rs 872.15 apiece. IIFL Finance IIFL Finance posted a net profit of Rs 132 crore in the December quarter.

«On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS

F&O ban list: A total of thirteen stocks have been put under the ban for trade on Thursday, January 18, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

₹3,816 crore in the December quarter amid volatility in the stocks of the ports-to-renewable energy conglomerate, data from stock exchanges showed. Despite this sale, the value of LIC’s investment in Adani group companies has risen almost 54% from ₹36,470 crore on 30 January 2023 to ₹56,073.64 crore on 17 January 2024, as shares gained during the period.

By Tatiana Bautzer

Investing.com — U.S. crude stockpiles unexpectedly increased last week, the API reported Wednesday, at a time when concerns about demand continue to rise following weaker growth from China.   

Quiver Quantitative — Charles Schwab (NYSE:SCHW), a prominent player in brokerage and banking, faced a challenging year marked by declining profits, assets, and deposits, reflecting the broader impact of the Federal Reserve's interest rate hikes on the financial industry. The firm's net new assets dropped significantly in the fourth quarter, falling 48% to $66.3 billion, while net income almost halved. Furthermore, a notable decline in bank deposits and total retail brokerage accounts falling short of analyst expectations added to the firm's woes. These setbacks initially led to a sharp drop in Schwab's share prices, though they slightly recovered later in the trading day.

China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven