Market Morning Notes For 4th July 2023
Markets extended gains on Monday with the rally restricted mainly to Sensex Top 9 stocks helping Nifty to close above 19,300. The rise in India VIX along with the market move indicates caution at current levels as demand for hedges may prompt for sudden correction in the market. For Nifty, although a further upside towards 19,786 is not ruled out the possibility of such an event is remote. We...
Weekly Market Wrap From 26th June to 30th June 2023
Nifty crosses 19K convincingly; FII flows, results season in focus Markets gained sharply at the beginning of the July series as the bulls made a strong comeback resulting in new highs in the benchmark indices. Nifty breached the significant psychological level of 19,000, while Nifty Bank reached an all-time high during Friday’s session. Sustained buying by the FIIs and the advance...
How to use Fintoo’s Chatbot for Tax Planning?
Filing your Income Tax Return, paying your Advance Taxes, or knowing whether you are eligible for an Income Tax Return. Doing these tasks by yourself is equally confusing as it sounds and may also be really daunting, especially if you do not have the required knowledge or expertise, and are doing it for the first time. But what if you have a single tool that can help you with...
Market Morning Notes For 30th June 2023
Markets rallied to an all-time high on Wednesday with FII turning net buyers to the tune of Rs 12000 crores in the spot market and major gains were seen from cumulatively from the Top 9 stocks within Sensex. For Nifty, the immediate target is seen at 19200, and beyond the same, we expect the rally to extend towards 19700. On the downside, support is seen at 18800 and should be considered as a...
Market Morning Notes For 28th June 2023
Markets surged on the back of gains from HDFC group stocks as Nifty 50 regain its control above 18,800 with FII suddenly turning net buyers to the tune of Rs 6000 crores (Spot + Future). The next rally in Nifty towards 19,700 is likely to be concentrated from top market cap stocks within Sensex. The price data of the top 9 stocks in Sensex shows rectangle consolidation which began from 1st...
Ideaforge Technology IPO (May Subscribe)
IdeaForge Technology Limited (May Subscribe) Issue Size – 8,632,125 – 8,441,763 sharesIssue Open/Close – June 26 /June 29, 2023Price Band (Rs.) 638-672Issue Size- Rs 5510-5670 mnFace Value (Rs) – 10Lot Size (shares) 22 IdeaForge Technology Limited (ideaForge) was incorporated on February 8, 2007. This Company is the pioneer and the pre-eminent market leader in the Indian unmanned...
Cyient DLM Limited IPO
Issue Size – 23,718,297 – 22,373,584 sharesIssue Open/Close – June 27 /June 30, 2023Price Band (Rs.) 250-265Issue Size- Rs 5920 mnFace Value (Rs) – 10Lot Size (shares) 56 Incorporated in 1993, Cyient DLM Limited provides Electronic Manufacturing Services (EMS) and solutions. The company provides Electronic Manufacturing Services such as Build to Print (B2P) and Build to...
Market Morning Notes For 27th June 2023
Markets ended with a marginal gain after trading in a narrow range on Monday and formed a small doji star on a candlestick. There is strong support seen in Sensex at 62802 which turned out to be low on 20th June 2023 and if this support is held on even in today’s trading session, we expect weekly closing to occur with gains of 2-3% over the previous week. In Nifty 50 spot terms, the...
Weekly Market Wrap From 19th June to 23rd June 2023
Nifty near an all-time high, Monsoon progress, global cues in the limelight Benchmark indices inched towards new highs as optimism over the domestic economy and FII inflows boosted investors’ confidence. Volatile was high with Nifty closing the week above the crucial support level of 18600, while the Bank Nifty once again struggled to hold 44000 level. For the week, the Nifty fell 0.8 pct...