Nifty forms a small bullish candle on daily chart. What does it signal for tomorrow’s
Recovering from earlier hiccups, bulls finally managed to push benchmark indices higher on Thursday, despite weak global cues and concerns of inflation and Covid cases. There was some volatility in the market given November futures and options contracts expired and traders rushed to either square their positions or roll over. The major reason behind the rally was buying in Reliance Industries shares. The 30-share pack Sensex rose 454.10 points or 0.78 per cent to close at 58,795.09. Its broader peer NSE Nifty climbed 121.20 points or 0.70 per cent to 17,536.25.
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BNP Paribas, Societe Generale trim stake in Indiabulls Housing
Societe Generale and BNP Paribas Arbitrage on Thursday offloaded 51 lakh shares of Indiabulls Housing Finance for about Rs 113 crore through open market transactions. According to bulk deal data available with the NSE, Societe Generale sold 27.40 lakh shares of Indiabulls Housing Finance while BNP Paribas Arbitrage divested 23.59 lakh shares of the company.
Mazhar Mohammad of Chartviewindia.in said Thursday’s move was probably a blip and not a decisive move. “The index needs to sustain above 17,351 to continue sideways consolidation with positive bias. In that scenario, the initial hurdle can be 17,600 level. Beyond that, the real challenge will emerge from its 50-day EMA, whose value is placed at 17,680 levels,” he said
TTK Prestige to acquire 51% stake in Ultrafresh Modular Solutions
TTK Prestige on Thursday said it will buy 51 per cent equity shareholding of Ultrafresh Modular Solutions Ltd for a cash consideration of Rs 30 crore. Incorporated in 1992, Ultrafresh entered the modular kitchen business in 2018 and had a turnover of Rs 12 crore in FY2020-21. “TTK Prestige Limited as on date entered into an agreement for making a strategic investment in Ultrafresh Modular Solutions Ltd. engaged in the business of Modular Kitchens and kitchen appliances having many franchisee outlets across India,” the company said. The transaction is expected to be complete before January 31, 2022.
Gold rallies by Rs 195; silver climbs to Rs 61,763
Gold rallied Rs 195 to Rs 46,625 per 10 gram in the national capital on Thursday in line with gain in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,430 per 10 gram. Silver also jumped Rs 569 to Rs 61,763 per kg from Rs 61,194 per kg in the previous trade. In the international market, gold trading in the green at USD 1,795 per ounce and silver flat at USD 23.65 per ounce.
JSW Energy board approves reorganisation of green, grey biz
The board of JSW Energy has approved reorganisation of green (renewable) and grey (thermal) businesses, the company said on Thursday. As a result of this re-organisation, all the existing and upcoming renewable energy businesses will be housed under ‘JSW Energy Neo Limited’, a wholly-owned subsidiary of the company, JSW Energy said in a statement.
Markets lack decisiveness at current levels and it may continue for time being. Participants should continue with a stock-specific approach and maintain positions on both sides.
– Ajit Mishra, Religare Broking
Out of the 30 Sensex stocks, 15 stocks closed with gains
RIL, Infosys lift Sensex by 454 points; Nifty ends November F&O series at 17,536
Sentiments are upbeat on Dalal Street as Moody’s expects India’s economic growth to rebound strongly, pegging GDP growth of 9.3% and 7.9% in fiscal year 2022 (ending on 31 March 2022) and fiscal 2023, respectively. Additional support also came in as the Foreign Secretary said that India has set an ambitious target of $400 billion of exports for the year 2021-22.
– Narendra Solanki, Anand Rathi Shares & Stock Brokers
Volatility gauge India VIX eases by 1.28% to 16.88
Gold, silver spot prices
5 mid-tier banks that may outperform larger peers
13 out of 30 shares of BSE Sensex in green at 2.30 pm
Reliance Industries’ shares rose 6% in Thursday’s mid-day trade after it said it would hive off its gasifier unit and induct investors in it.
Price as on 25 Nov, 2021 02:30 PM, Click on company names for their live prices.
ITC starts clinical trials of nasal spray for COVID-19 prevention
Price as on 25 Nov, 2021 02:23 PM, Click on company names for their live prices.
Asian stocks down after Fed says ready to act on inflation
Asian stock markets fell on Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation. Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney declined. Tokyo advanced. The Shanghai Composite Index fell 0.3% to 3,581.32 while the Nikkei 225 in Tokyo gained 0.7% to 29,500.57. The Hang Seng in Hong Kong shed 0.2% to 24,633.67. The Kospi in Seoul retreated 0.5% to 2,979.39 and Sydney’s S&P-ASX 200 gave up less than 0.1% to 7,379.30. New Zealand and Jakarta advanced while Singapore declined.
Nifty Energy index up 1.74%, led by RIL
Only CNG, electric vehicles allowed to enter Delhi from Nov 27, rest banned till Dec 3: Environment Minister Gopal Rai
Tube Investments Of India Ltd has acquired 25% stake in Aerostrovilos Energy
Price as on 25 Nov, 2021 01:40 PM, Click on company names for their live prices.
Acer India, Dixon Tech partner to make up to 5 lakh laptops annually in India
Price as on 25 Nov, 2021 01:36 PM, Click on company names for their live prices.
ITC starts clinical trials of nasal spray for COVID-19 prevention
Price as on 25 Nov, 2021 01:35 PM, Click on company names for their live prices.
S&P BSE Smallcap index up half a per cent at 1.30 pm
Trai proposes cutting USSD charges for mobile banking to zero
The telecom regulator on Wednesday proposed reducing tariffs for USSD-based mobile banking and payment services to zero from 50 paise, in a bid to protect the interest of feature phone users and boost digital financial inclusion.
Nifty Pharma up almost 1%; GSK Pharma, Torrent, Laurus Lab lead the surge
Price as on 25 Nov, 2021 01:18 PM, Click on company names for their live prices.
Expect Central Bank to come out of PCA framework after Dec 31: FinMin
Price as on 25 Nov, 2021 01:01 PM, Click on company names for their live prices.
India economic growth to rebound strongly, FY22 GDP growth pegged at 9.3%, says Moody’s
Moody’s Investors Service in its latest report has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. Steady progress in Covid vaccination will support a sustained recovery in India’s economic activity, Moody’s…