“Now, Nifty has to hold above 18350 zones for an up move towards 18600, then 18881 zones, whereas supports are placed at 18250 and 18188 zones,” said Chandan Taparia of Motilal Oswal.
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Biocon Biologics allots equity shares worth Rs 2,205.63 crore to its parent
Biotechnology major Biocon on Thursday said its subsidiary Biocon Biologics has allotted equity shares worth Rs 2,205.63 crore to it as part of an equity infusion to fund the latter’s acquisition of Viatris Inc’s biosimilars business. In February this year, Biocon Biologics Ltd (BBL) inked a pact to acquire Viatris Inc’s biosimilars business for consideration of up to USD 3.335 billion (about Rs 24,990 crore).
Adani open offer: Nearly 28 lakh NDTV shares tendered by Day 3
Nearly 28 lakh shares were tendered by shareholders of NDTV under the Adani group’s open offer at the end of the third day on Thursday. Adani group’s open offer to acquire an additional 26 per cent stake in the media firm New Delhi Television (NDTV) started on Tuesday.According to the data from BSE, a total of 27,72,159 NDTV shares amounting to 16.54 per cent of the offer size were tendered by the shareholders by 1600hrs on Thursday.Adani’s offer price is Rs 294 per share, while NDTV shares settled at Rs 368.40 on Thursday, which is 25.3 per cent higher compared to the offer price.In the last three months, NDTV shares reached a high of Rs 540.85 on September 5, 2022.
Tech View: Nifty forms long bull candle on F&O expiry day. What traders should do on Friday
Headline equity index Nifty on Thursday formed a healthy bullish candle on the daily chart, which indicates an attempt at a sharp upside breakout of the crucial resistance around 18,400 levels. The index has been making higher lows in the last three sessions. Today’s upside was partly led by the winding up of short positions on the monthly derivatives expiry day.“Now, Nifty has to hold above 18350 zones for an up move towards 18600, then 18881 zones, whereas supports are placed at 18250 and 18188 zones,” said Chandan Taparia of Motilal Oswal.
Nifty started higher and extended gains during the day. The daily momentum indicator RSI remains in a positive crossover. The trend looks positive as long as it sustains above 18350 Going forward, 18350 may provide immediate support. On the higher end, resistance is visible at 18650, above which Nifty may move up further.
– Rupak De, Senior Technical Analyst at LKP Securities
The BANK NIFTY bulls came back with full strength and knocked out the bears from the resistance zone of 42,600-42,800 on the last day of monthly expiry. It has witnessed a fresh breakout on the daily chart, pushing it higher towards the level of 44,000 in the near term. The lower-end support is now visible at 42,600 which will act as a cushion for the bulls. The broader participation will resume in markets helping it to scale on the higher end.
– Kunal Shah, Senior Technical Analyst at LKP Securities.
Investors wound up their short positions on the expiry day, triggered by US Fed minutes indicating a moderate pace of rate hikes going ahead that eventually propelled Sensex to new all-time high. Other positive catalysts such as the WTI crude oil prices staying sluggish and the falling US Dollar index and yields improved the risk appetite of investors leading to a broad-based buying. Technically, on daily charts the Nifty has now formed a long bullish candle and is also holding higher high and higher low formation on daily and intraday charts which is broadly positive. For traders, as long as the index holds the support of 18400, there are chances it could hit 18600-18700 levels. On the other hand, below 18400 the uptrend would be vulnerable.
– Shrikant chouhan, Head of Equity Research ( Retail), Kotak Securities
Led by broad-based buying, domestic indices witnessed solid gains as investors digested the latest FOMC meeting minutes, which hinted that the rate hike cycle may be slowing down. The optimism was further boosted by falling crude prices and the declining dollar index. Crude oil prices dropped over talks of a possible price cap on Russian oil and a rise in US product stockpiles.
– Vinod Nair, Head of Research at Geojit Financial Services
Closing Bell: Sensex surges 762 pts, ends at record high; Nifty reclaims 18,500, PB Fintech zooms 10%, HDFC Life 5%
NIFTY RECLAIMS 18,500
Top Sensex gainers
Price as on 24 Nov, 2022 03:18 PM, Click on company names for their live prices.
SENSEX HITS ALL-TIME HIGH!
NIFTY HITS 52-WEEK HIGH
SENSEX SURGES 550 POINTS
Realty stocks fall up to 2% in today’s trade
Price as on 24 Nov, 2022 02:58 PM, Click on company names for their live prices.
Easy Trip planner board to mull acquisition plan on December 1 (From Agencies)
Price as on 24 Nov, 2022 02:13 PM, Click on company names for their live prices.
THESE STOCKS TUMBLED TO 52-WEEK LOWS TODAY
European shares struggle for direction as traders weigh rate outlook
Wall Street ended with solid gains on Wednesday after the U.S. central bank’s meeting minutes showed a “substantial majority” of policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes.
KPI Green Energy board to mull bonus share issue on November 30
Price as on 24 Nov, 2022 01:25 PM, Click on company names for their live prices.
One 97 Communications, the operator of India’s largest digital-payments provider known as Paytm, has capped the worst first-year share plunge among large IPOs over the past decade — and the pain is worsening. Paytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India’s IPO market was enamored with tech startups. It’s one among a slew of startups that listed with valuations seen by many as exaggerated.
Why IndiGo is soaring high!
#StocksToWatch | With falling crude prices and recovery in air traffic, Interglobe Aviation is on a high today.… https://t.co/t1lx7PpIvx
— ET NOW (@ETNOWlive) 1669274101000
Larsen & Toubro secures an order worth Rs 1000- 2500 crore for its heavy civil infrastructure business from Greenko group
Price as on 24 Nov, 2022 12:25 PM, Click on company names for their live prices.
Sensex jumps over 400 points, at day’s high
IT stocks in demand! Here are 5 top gainers
Price as on 24 Nov, 2022 12:07 PM, Click on company names for their live prices.
Sonata Software signs an agreement with Bermuda headquartered Global Cloud Xchange
Price as on 24 Nov, 2022 11:54 AM, Click on company names for their live prices.
TVS Motor Company launches its first TVS Experience centre in Singapore
Price as on 24 Nov, 2022 11:42 AM, Click on company names for their live prices.
Cipla has received a communication from USFDA that the classification of company’s Goa facility continues to be as Official Action Indicated (OAI). USFDA may continue to withhold product approvals from this facility till the outstanding observations are resolved.
Price as on 24 Nov, 2022 11:23 AM, Click on company names for their live prices.
Drug delivery solution provider ZIM Laboratories Ltd on Wednesday said it is planning to get listed on the National Stock Exchange of India (NSE) on November 25. ZIM Laboratories, already listed on the BSE since June 2018, will now extend its listing to the NSE, the company said in a statement. As of date, the company said, it has provided over 85 per cent return to its investors from the listing price.
Price as on 24 Nov, 2022 11:14 AM, Click on company names for their live prices.
Samir Arora of Helios Capital shares his outlook for Indian markets
#BeatTheStreet | "Had expected Fed to hint at slower rate hikes. I expect India to perform well post budget," says… https://t.co/mEbIxzNYCM
— ET NOW (@ETNOWlive) 1669262904000
These stocks bleed the most in a firm market
Price as on 24 Nov, 2022 10:52 AM, Click on company names for their live prices.
Sensex rises 300 points to hit day’s high
PSU stocks continue to rally; Bank of India top performer
Price as on 24 Nov, 2022 10:27 AM, Click on company names for their live prices.
Keystone Realtors debuts at 3% premium over IPO price
Keystone Realtors debuted on Thursday on a tepid note as it got listed at Rs 555 on BSE, a premium of 3% over its issue price of Rs 541 apiece. The Mumbai-based real estate player debuted at a premium of 3% at Rs 555 on NSE too. Last heard, ahead of its listing, the company’s shares were trading at a marginal premium of less than Rs 5 apiece, hinting at a muted debut.
FINO PAYMENTS BANK: Advances over 38% WTD, biggest weekly gain since listing
#StockInFocus | @FinoPaymntsBank: ▶️Advances over 38% WTD, biggest weekly gain since listing ▶️Surpasses 200 DMA i… https://t.co/zqUM50BfFM
— ET NOW (@ETNOWlive) 1669264263000
Bitcoin holds $16,000; Solana, Ethereum & BNB gain up to 11%
Jalan-Kalrock open to move to Supreme court to resolve Jet issues
Price as on 24 Nov, 2022 09:32 AM, Click on company names for their live prices.
The US market construct of ‘ rising equity-falling bond yields-falling dollar’ continues favouring the bulls. In addition to this favourable global cues, in India, the steadily falling crude is another positive. The FOMC minutes indicate slowing of the rate hikes, going forward. Consequently, the 10-year yield fell to 3.69% and the dollar index slipped to 106. So long as this trend continues, bears will be on the back foot. In India macro news confirms the resilience of the Indian economy. Investment is gaining momentum. The latest RBI data shows credit growth at an impressive 17% YoY. This is good news for the banking and capital goods stocks.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Rupee rises 21 paise to 81.72 against US dollar in early trade.
US FDA issues warning letter to Glenmark’s Goa plant.
#StocksInNews | Glenmark is in focus as @US_FDA issues warning letter to it's Goa plant (From Agencies) #Glenmark… https://t.co/ppQlskBYvX
— ET NOW (@ETNOWlive) 1669258925000
Almost three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola, Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated ₹6,000-7,000 crore.
Price as on 24 Nov, 2022 09:20 AM, Click on company names for their live prices.
Opening Bell: Sensex rises 145 pts, Nifty above 18,300; Tata Consumer gains 2%; Glenmark sheds 2%
Pre-open session: Sensex rises over 150 points; Nifty above 18,330
Asian shares higher on signs of U.S. Fed slowdown
Asian shares tracked Wall Street higher on Thursday, buoyed by signals the U.S. Federal Reserve may slow the pace of interest rate hikes and news of fresh economic stimulus from China, with the dollar failing to recoup losses.
SGX Nifty signals a positive start
Nifty futures on the Singapore Exchange traded 97 points, or 0.53 per cent, higher at 18,474, signaling that Dalal Street was headed for a positive start on Thursday.
Tech View: Nifty forms bearish candle
Nifty today formed a small negative candle on the daily charts, signalling that bulls are finding it tough to hold higher levels.
Tokyo shares climb after US rallies
Tokyo stocks opened higher Thursday, catching up with gains on Wall Street after a public holiday.
Wall Street rises as Fed signals slowdown in rate hikes
Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon.
Oil falls as supply-disruption fears ease amid Russian price cap talks
Oil prices fell on Thursday, extending losses from the previous session, as fears of supply disruption eased on news that the Group of Seven (G7) nations were considering a high price cap on Russian oil.
Rupee falls 26 paise to 81.93 against USD on forex outflows
The rupee depreciated 26 paise to close at 81.93 against the US currency on Wednesday due to dollar buying by banks on behalf of importers and rising crude oil prices in the overseas markets.
Sensex, Nifty on Wednesday
The 30-share Sensex ended 92 points higher at 61,510 while its broader peer Nifty 50 ended above the 18,250 level.