Trade Financial News

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:

“We expect much higher allocations from FIIs this year. India is in a sweet spot with clear visibility of growth and credible shock absorbers,” says Alok Agarwal, Head-Quant & Portfolio Manager, Alchemy Capital Management. In an interview with ETMarkets, Agarwal said: “We expect domestic defence capex to be a structural theme for the next few years at least. Railways in India have been age-old and requiring attention,” Edited excerpts: The market seems to have climbed all walls of worries to hit fresh highs in the first week of January 2024. But the voice is getting louder both domestic and global that these valuations are unsustainable. What do you take? Alok Agarwal: The Nifty50 is currently trading at a one-year forward P/E ratio of 21.9x – this is about 24% premium to the last 10-year average valuations, although about 5% below the peak seen in Oct’21.

HashKey Group said on Tuesday that it raised nearly $100 million after the completion of a Series A financing round, at a pre-money valuation exceeding $1.2 billion. HashKey said the newly raised capital will be used to strengthen its Web3 ecosystem, enhance product diversification of its licensed business in Hong Kong and support the Group's global development.

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.

BSE Sensex experienced a surge of 759 points, reaching 73,328, primarily driven by gains in the technology sector, banking stocks, and Reliance Industries. Simultaneously, the Nifty 50 saw a substantial increase of 203 points, crossing the 22,098 mark, as expected. A total of 31 companies are scheduled to release their Q3 results today.

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. “Q3 earning season had a positive start and is further expected to be propelled by the BFSI segment, where many heavyweights are likely to post their results this week. This will support the overall ongoing market momentum and stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

₹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.

₹10 per equity share to ₹2 per share. The record date to ascertain the eligibility of shareholders for the stock split has been fixed on January 16. In a stock exchange filing, Trishakti Industries Ltd said: “In connection with the Letter submitted dated 30-12-2023, for intimation of Stock Split/Sub Division of Shares.

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. Nifty 50 formed a reasonable positive candle on the daily chart with gap up opening and with lower shadow. Technically, this pattern indicates confirmation of sharp upside breakout of the important hurdle.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Tuesday, January 16, 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.

Investing.com-- Oil prices moved little in Asian trade on Tuesday as traders awaited more developments in the Middle East, while a string of key economic readings due this week also kept markets on edge.

bond yields fell to their lowest levels in almost four months on Monday, pushing down borrowing costs across the economy, as a lower-than-expected rise in India's inflation and rising US bonds bolstered market sentiment. Yields and bond prices move in opposite directions. The 10-year benchmark government bond yield — a pricing reference for a host of credit products — ended trade at 7.152% on Monday, its lowest closing level since September 26, Bloomberg data showed.

equity indices surged nearly 1% to new highs on Monday, with the Nifty closing above 22,000 for the first time, as IT stocks continued to propel the markets on better-than-expected third-quarter earnings. The Sensex ended above 73,000 for the first time, extending the recent bullish momentum, though the Volatility Index — a fear gauge — rose 5.2%, indicating some signs of discomfort among traders over the pace of the upmove.

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.

By Divya Chowdhury and Lisa Pauline Mattackal

By Divya Chowdhury and Lisa Pauline Mattackal

– Volatility has returned to the crypto market with a vengeance and that’s good news for the consumers of the trading signals from Launchpad XYZ, where recent returns are hitting 2,917% ROI.

Competition Commission of India (CCI) on Monday cleared Seventy Second Investment Company's proposed stake acquisition in Manipal Health Enterprises. The deal has been approved under the green channel route. Manipal Health Enterprises operates a network of hospitals providing multi-specialty care.

The crypto industry is anticipating a positive shift in 2024, with several key trends shaping the landscape.

The former CEO of the Celsius Network, Alex Mashinsky, has filed a motion requesting the dismissal of charges related to commodities fraud and market manipulation. This request was made through his legal team.