Weekly Market Outlook From 30th Oct to 3rd Nov 2023
Markets volatile; Q2 results, geopolitics in focus. Markets rallied taking cues from positive markets after the U.S. Fed maintained its stance on interest rates, fueling expectations that the central bank has concluded its rate hikes. Positive auto sales figures, an increase in GST collection, robust factory data, and Q2 earnings surpassing estimates also contributed to the positive...
Market Morning Notes For 6th Nov 2023
Markets extended gains in line with positive global cues after the U.S. Fed maintained its stance on interest rates. With the Fed’s decision out of the way, investors will turn their attention to corporate earnings, now in their last leg. In addition, domestic and global macroeconomic data, foreign capital inflow, US bond yield, ongoing Israel Hamas conflict, risk of US market...
Market Morning Notes For 3rd Nov 2023
Markets on Thursday reacted positively to U.S Fed rate pause which helped Nifty reclaim closing above 19,100 on back gains from PSU Banks and metals stocks while Nifty 50 Index ended with indecisiveness setup of doji star. As markets have witnessed change of polarity, earlier low of 19,333 is likely to act as major hurdle in the near term with 19,333 to be kept as stoploss of short positions...
Market Morning Notes For 2nd Nov 2023
Markets succumbed to selling pressure on Wednesday ahead of the FOMC monetary policy meeting with Nifty closing below crucial support of 18,990, thus opening gates for deeper downside in near term. The Fed kept status quo in policy rates at 5.25-5.5 pct as expected. Comments suggested that interest rates may not rise further this year, especially as the U.S. economy cools. The outlook for...
Honasa Consumer Limited (Avoid)
Highlights Issue Size –: 52,513,594 shares Issue Open/Close – Oct 31 /Nov 02, 2023Price Band (Rs.) 308 – 324Issue Size (Rs.) – 17,014 mnFace Value (Rs) 10Lot Size (shares) 46 Honasa Consumer Limited (HCL) incorporate in 2016, is the largest digital-first beauty and personal care (BPC) company in India in terms of revenue from operations for the FY23 and it is focused on beauty and...
Market Morning Notes For 1st Nov 2023
Markets for the month of October settled with losses of 1.5% after recovery seen on last Friday which helped Sensex to post monthly closing above crucial support of 63,680. The larger setup on monthly line chart still suggests caution with Sensex prone to downside risk of 21% as long it holds below 64,160. The monthly closing trend line are often followed by long-term institutional investors...
Market Morning Notes For 31st Oct 2023
Markets rebounded on back of gains in large cap stocks while broader markets namely mid cap and small cap segment shown under performance. The gains were mainly seen from Nifty Service sector index and Reliance Industries, wherein Nifty Service sector index managed to end with gains after initial losses. Today being monthly closing, crucial level to watch in Sensex is 63,680 as it turns out...
Cello World Limited (Subscribe)
Highlights Issue Size –: 29,320,987 sharesIssue Open/Close – Oct 30 /Nov 01, 2023Price Band (Rs.) 617 – 648Issue Size (Rs.) – 19,000 mnFace Value (Rs) 5Lot Size (shares) 23 Cello World Limited (CWL) is prominent player in the consumer ware market in India with presence in the (i) consumer houseware, (ii) writing instruments and stationery, and (iii) moulded furniture and allied...
Market Morning Notes For 30th Oct 2023
Markets for the week witnessed sharp decline with Nifty breaching consensus support of 19300 thus opening gates for a wider decline towards 17,000 in the near term. The Friday’s gain which occurred from support of 200 simple moving average in Nifty mainly occurred on the back of rebound in Nifty service sector Index which accounts for 60% weightage in Nifty 50. The Nifty service sector Index...