Trade Financial News

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

Jyoti CNC Automation IPO: After the allotment of shares, investors are eagerly waiting for the Jyoti CNC Automation IPO listing date, which is most likely on 16th January 2024. In the wake of T+3 listing rules, which have become mandatory from 1st December 2023, Jyoti CNC Automation share price is most likely to hit the Indian stock market on 16th January 2024 i.e. tomorrow.

Indian Hotels Company Ltd. gained 0.47 per cent to Rs 464.0 in Monday's session as of 12:24PM (IST) even as the equity benchmark Sensex traded 637.08 points higher at 73205.53. Earlier in the day, the stock witnessed a gap up start to the session.

Pidilite Industries Ltd. gained 0.41 per cent to Rs 2744.0 in Monday's trade as of 12:19PM (IST). It hit a high of Rs 2746.6 and low of Rs 2718.4 during the session.

Varun Beverages Ltd. traded at Rs 1266.4 on BSE at 12:29PM (IST) on Monday, up 0.09 per cent from previous close. The scrip quoted a 52-week low price of Rs 550.0 and a high of Rs 1380.45.

Immediate Serax claims itself to be a crypto trading platform capable of empowering investors’ trading potential. According to the platform’s website, it has been instrumental in providing traders with a hands-free way of trading ever since it launched in November 2023.

Wipro. The Nifty 50 hit the 22,000 mark for the first time, setting its fresh peak of 22,081.95 while the Sensex scaled its fresh record high of 73,288.78 during the session.

Polycab India Ltd’s shares are down 27%. Reports of tax evasion by the company have created an environment of uncertainty. A press release from the finance ministry has stated that the income tax department had initiated search and seizure operations of a group engaged in the manufacturing of wires and cables on 22 December.

Also Read: Infosys, TCS stocks help Nifty 50 hit all-time high again This extraordinary rally was primarily driven by the Information Technology (IT) sector, where industry leaders such as Infosys, TCS, Wipro, and HCL delivered robust performances in the third quarter of the fiscal year 2024. Infosys and Wipro, which have been laggards in comparison to the benchmark, indices are making a strong comeback following their robust Q3 FY24 results, contributing to the Nifty 50 robust rally.

Bandhan Bank, Bharat Heavy Electricals (BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Escorts Kubota, Hindustan Copper, The India Cements, Indus Towers, Metropolis Healthcare National Aluminium Company, Piramal Enterprises, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Indian Energy Exchange (IEX) has moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 89.3% on Friday with OI reported by Trendlyne at 99.6 million.

“The recommended allocation suggests 50-60% in equities, 15-20% in debt instruments, and the remaining split equally between Gold and cash, tailored to one's liquidity requirements,” says Mayuresh Joshi, Head of Research — Equity, William O'Neil India. In an interview with ETMarkets, Joshi said: “We might see increased allocation towards infrastructure which will have a multiplier effect on the economy. Railway and Defense sectors are expected to be under the limelight in the upcoming interim budget,” Edited excerpts: 2023 closed on a strong note – how do you see 2024 for markets? Mayuresh Joshi: According to our O’Neil lens, Indian markets are looking strong at the moment as markets are trading very close to their all-time highs with no foreseeable resistance at this moment.

External Affairs Minister S Jaishankar has commented on the ongoing diplomatic row between India and Maldives and asserted “politics is politics", and added that one cannot guarantee in every country, every day, everybody will support us or agree with India. The remark was made even as Maldives established 15 March as deadline for India to pull back its troops from the island.

Catch Live Market Updates here On Friday last week, the domestic equity market benchmarks the Nifty 50 and the Sensex saw strong gains. The Sensex hit its fresh all-time high of 72,720.96 during the session before closing the day with a robust gain of 847 points, or 1.18 per cent, at 72,568.45. The Nifty 50 hit its fresh record high of 21,928.25 during the session and closed at 21,894.55, jumping 247 points, or 1.14 per cent.

Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 15 On Friday last week, the Indian stock market indices ended the volatile session with strong gains, primarily driven by the stellar performance of IT giants such as Infosys and TCS. Today, stocks of Wipro and HCL Technologies may remain in focus after they declared their earnings after the market hours on Friday.

Angel One, Kesoram Industries, PCBL and several other companies will announce their third-quarter results today.The US dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the yuan fell to a one-month low after China's central bank surprised markets by keeping its medium-term policy rate steady.The company clocked 13.5% sequential growth in profit at ₹4,350 crore in the December quarter, beating analysts' expectations. Revenue grew 6.7% sequentially to ₹28,446 crore (6% in constant-currency terms).The company reported revenue from IT services of ₹22,150.8 crore in the December quarter, down 1.09% from the previous quarter.

Dividend stock in India: Shares of Sukhjit Starch & Chemicals Ltd will be in focus when the stock market opens on Monday (January 15). The Board of Directors of the company has declared an interim dividend of ₹8.00 per share for the eligible shareholders. The record date to ascertain the eligibility of shareholders for the interim dividend has been fixed on January 15.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Monday, January 15, 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.

NSE) have seen a surge of more than 20% over the past two weeks in off-market transactions, after almost two years of sideways moves. This upswing is linked to heightened demand from wealthy individuals and retail investors amid a restricted supply of shares, with a few large investors reneging on their commitment to sell, said brokers. Additionally, a rally in the shares of the two listed exchange operators — BSE and MCX — and the unlocking of value through the proposed public issue of the National Securities Depository, in which NSE holds a 24% stake, also played a role in fuelling the price, the brokers said. Trading at around Rs 3,100-3,200 a month ago, the stock has currently ascended to a range of Rs 3,800-3,900, as reported by brokers. To be sure, these prices are from the transactions in the unlisted market and are not official figures. At Rs 3,900 per share, India's largest bourse would be valued at Rs 1.93 lakh crore, or 25 times its 12-months earnings. Shares of BSE surged 220% in the past six months, while those of MCX gained around 94%.

Nifty, indicating a potential test of the 22,400 level soon. However, technical analysts note that the ascent might be gradual due to the underperformance of bank shares. Infosys, Cipla, Aditya Birla Capital, LIC Housing, Aptus, Bharti Airtel, Birla Soft, Canara Bank, IOC, PNB, RIL, Tata Consumer, Tech Mahindra, and Wipro have positive setups. PRITESH MEHTA EXECUTIVE VICE PRESIDENT-INSTITUTIONAL RESEARCH, YES SECURIES Where is Nifty headed? Following Friday’s rally, Nifty has confirmed a move above the three-digit Gann number of 218(00) and a bullish ABC break on the point and figure (P&F) chart, implying the end of the recent consolidation phase.

As we step into 2024, the dynamic world of cryptocurrencies continues to captivate investors worldwide. Amongst a plethora of options, three stand out for their remarkable performance in the previous year: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

By Tom Westbrook and Ankur Banerjee