Market Morning Notes For 21st Sept 2023
Markets remained under pressure on Wednesday after the occurrence of the breakaway gap in Nifty where it opened and sustained below key support of 20,032. The decline was mainly led by selling in Bank Nifty while broader markets remained resilient ahead of the Fed meeting outcome. The Fed kept rates unchanged but commentary turned hawkish signalling scope for another 25-bps rate hike in the...
Market Morning Notes For 20th Sept 2023
Market activity on Monday remained muted with Sensex closing below the important support of 67,619 on the back of USIDNR hitting an all-time high above 83.2325. The occurrence of a rising wedge on the weekly chart poses a threat of a major reversal and a weekly close below 20,032 in Nifty should provide the necessary confirmation of a reversal. The key event which may spur volatility in...
Signature Global IPO (Avoid)
Highlights Issue Size –: 18,961,039 sharesIssue Open/Close – Sept 20 /Sept 22, 2023 Price Band (Rs.) 366 – 385Issue Size (Rs.) – 7,300 mnFace Value (Rs) 1Lot Size (shares) 38 Signature Global India Limited was incorporated in 2014 and with a market share of 19 pct, the company is the largest real estate development company in the National Capital Region of Delhi (Delhi NCR)...
Sai Silks Kalamandir IPO (Avoid)
Highlights Issue Size –: 54,099,027 sharesIssue Open/Close – Sept 20 /Sept 22, 2023 Price Band (Rs.) 210 – 222Issue Size (Rs.) – 12,010 mnFace Value (Rs) 2Lot Size (shares) 67 Sai Silk (Kalamandir) Ltd (SSKL) are among the top 10 retailers of ethnic apparel, particularly sarees, in south India in terms of revenues and profit in Fiscal 2020, 2021 and 2022. The Company operates in 4...
Yatra Online Limited IPO (Avoid)
Highlights Issue Size –: 54,577,465 sharesIssue Open/Close – Sept 15 /Sept 20, 2023 Price Band (Rs.) 135 – 142Issue Size (Rs.) – 7,750 mnFace Value (Rs) 1Lot Size (shares) 105 Yatra Online Limited (YOL) as of FY23 is one of India’s largest corporate travel services providers in terms of a number of corporate clients and the third largest online travel company in India among...
Zaggle Prepaid Ocean Services IPO (Avoid)
Highlights Issue Size –: 34,352,255 sharesIssue Open/Close – Sept 14 /Sept 18, 2023 Price Band (Rs.) 156 – 164Issue Size (Rs.) – 5,633 mnFace Value (Re. ) 1Lot Size (shares) 90 Zaggle Prepaid Oceans Services Limited (ZPOSL) incorporated on 2011, operates in a segment where it interacts and interfaces with their Customers (i.e., businesses) and end Users (i.e., employees) and...
Market Morning Notes For 14th Sept 2023
Markets activity remained tilted towards large cap with Sensex moving closer to its all-time peak despite India VIX posting gains. After yesterday’s up move India VIX has moved closer to breakout and a move above 12 should be seen as a major sign of strong Put option accumulation in markets and an initial leg of unwinding may be faced by high beta counters especially midcaps and small caps....
Market Morning Notes For 13th Sept 2023
Markets cooled from day’s high to end on a flat note after broader markets corrected sharply with Midcap and Smallcap Index declining over 3% and India VIX surging above the 11.5 mark. Brent crude too has crossed USD 92 a bbl mark and should be positioned to test USD 107 a bbl in the coming week after the recent breakout. The Nifty 500 Index has confirmed major reversal with formation of...
Weekly Market Wrap From 4th Sept to 8th Sept 2023
Nifty extends rally; Will Nifty Sustain the 20k mark? Benchmark indices gained for the second week in a row and the Nifty settled above the key levels of 19,800 on the back of strong economic data. Markets have reacted positively to various announcements at the G-20 Summit. Globally, markets witnessed a volatile session with the biggest drag from Apple and a sell-off in chip stocks over...