Market Morning Noted For 14th December 2022
Markets rallied on Tuesday to regain its control above the key resistance of 18580 on the back of upbeat global markets and a surge in USDJPY. The lower-than-expected US CPI data bolstered hopes that the Fed may not have to raise rates further todays expected 50 bps hike. However, US markets came off the highs to end with marginal gains after Dollar Index fell sharply. Wall Street closed...
Market Morning Noted For 13th December 2022
Markets ended unchanged on Monday after the initial gap-down opening while broader markets outperformed key indices. Overall global markets have turned cautious ahead of the U.S. Fed meeting on Wednesday with the expectation of a 50 bps rate hike. For Nifty 50, the ideal strategy would remain to buy on a decline with stop-loss placed at 18100 and Target placed at 19867. The key trigger to...
Weekly Market Wrap For 5th To 9th December
Markets consolidates; Global central banker policy meet in focus in coming week Markets corrected after two-week gains as global markets fell due to fear of an economic slowdown and worries over a Fed rate hike. In line with market expectations, the RBI in its monetary policy meeting hiked rates by 35 bps to 6.25 pct continuing its fight against inflation. This is the fifth consecutive...
Market Morning Noted For 12th December 2022
The market for the week remained under pressure on the back of a weakening rupee against a basket of developed currencies with Nifty 50 closing with losses of more than 1% while the Banking sector outperformed with 1% gains. The weekly close below 18580 in Nifty has punctured the short-term momentum and could be re-testing the next line of support towards 18300 in days to come. The...
Sula Vineyards Ltd. IPO (Subscribe)
Highlights Issue Size – 26,900,530 sharesIssue Open/Close – Dec 12/Dec 14, 2022Price Band (Rs.) 340-357Issue Size- Rs 9150-9600 bnFace Value (Rs) 2Lot Size (shares) 42 Sula Vineyards Limited (Sula) was incorporated on February 26, 2003. Sula is India’s largest wine producer and seller as of March 31, 2022. They have been a consistent market leader in the Indian wine industry in...
What are Sovereign Green Bonds?
Introduction In the 2022 annual budget, our Finance Minister announced that the government proposes to issue sovereign green bonds with the aim of deploying resources for green infrastructure. The proceeds will be deployed in public sector projects to help reduce the economy’s carbon intensity. Our Finance Minister, Ms. Nirmala Sitharaman, approved the final sovereign green bonds...
Market Morning Notes For 9th December 2022
Market activity remained range bound with the Nifty 50 Index regaining above the key support of 18580 on the back of gains from Bank Nifty. The lower crude prices are providing a necessary cushion for Indian markets to stay afloat at higher levels however sudden drop in non-institutional volumes from Rs 35000 cr to Rs 26000cr is a sign of concern that the liquidity is waning out. For,...
What To Keep In Mind After The RBI Monetary Policy Meet?
RBI monetary policy committee made some important announcements in its meeting held on 7th December 2022. As the global economy is experiencing turbulence, it has made it mandatory for central banks to play their part in bringing the situation under control. Owing to these current macroeconomic conditions, RBI has spoken about its plans for the Indian economy. We have elaborated on some of...
Market Morning Notes For 8th December 2022
The market witnessed selling pressure on Wednesday with Nifty 50 breaching short-term support of 18580 due to weakness in the technology sector but Bank Nifty outperformed. The dull trading activity is a sign of major accumulation unless prices breach 18100 on the lower side. For the moment, the strategy remains to buy on a decline with the ideal bottom expected around 18350 and a...