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Nifty experienced a volatile trading session characterized by sharp movements. Initially, there was a flat opening, followed by a sudden surge that propelled the index above 22400. However, profit booking swiftly brought the Nifty back below the 22300 mark. For rest of the trading session, the Nifty oscillated within the range of 22300-22400. Eventually, it settled nearly unchanged, with only a marginal gain of 0.01 percent.Today, the Nifty Midcap 100 index demonstrated weaker performance compared to the Nifty 50 index, closing with a substantial loss of 1.41 percent.Among a range of sectors, IT and Financial Services stood out as top performers, exhibiting strength. Conversely, Realty and PSU Banks lagged behind, facing hurdles and displaying weaker performance throughout the trading session.The options market indicates that the highest open interest on the call side is at the 22500 level, while on the put side, it’s at 22000. In todays option chain, Higher put writing is witnessed compared to the call writing which indicates a positive sentimentThe Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22230 and 22510. The Max Pain is seen at 22400 spot with the CE/PE Combined Residual Premium/Pain Value of 207.98 Crores.In the cash market, Foreign Institutional Investors (FIIs) were net buyers with an activity totaling 73.12 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 2358.18 crore.

Nifty experienced a volatile trading session characterized by sharp movements. Initially, there was a flat opening, followed by a sudden surge that propelled the index […]

Infosys The company and ATP Renew Partnership until 2026 to Drive AI-first Innovations in Professional Tennis Cyient Cyient joins a rapidly expanding network of businesses as an eSync Alliance member. HAL The Company has signed an amendment to the LCA IOC Contract. The value of the Contract has been revised from Rs.2700.87 Crore to Rs.5077.95 Crore. Indiabulls Housing Finance Moody’s Investors Service has upgraded Indiabulls Housing Finance Limited’s long-term corporate family rating to B2/Stable from B3/Stable. Moody’s has also upgraded the company’s foreign and local currency ratings on its senior secured medium- term note (MTN) program to (P)B2 from(P)B3. HCC The board meeting to be held on March 12, 2024 inter alia to consider, discuss and decide various matters in connection with the Rights Issue, including the specific terms of the Rights Issue, such as the determination of the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue. Jupiter Wagons Ltd The Company has received an offer from Ministry of Railways to manufacture and supply of 2237 numbers of BOSM Wagons for a contract value of Rs. 956 crores LIC The company has increased its shareholding through private placement basis in LIC Mutual Fund Asset Management Limited, shareholding of the company in LIC MF has increased from 40.93% to 44.61% of the paid-up capital Exide Industries The company will invest Rs 70 crore in unit Chloride Metals to finance long-term capital requirementsNLC India The government on Wednesday said that it plans to sell up to 7% stake in NLC India through an offer for sale, and has set the floor price for the same at Rs 212 a share. Tata Motors Moody’s Investors Service has affirmed its “Ba3” corporate family rating on Tata Motors, and also maintained “positive” outlook, following the automaker’s move to demerge the commercial and passenger vehicles businesses. Mahindra and Mahindra Mahindra and Mahindra clarified on reports that Prudential Media & Services is considering sale of company’s shares through block deal. UPL UPL’s arm UPL Corp Mauritius has entered into a share subscription agreement to set up a manufacturing complex in Saudi Arabia for the production of phosphate, cyanide and chlorine value added products

Infosys The company and ATP Renew Partnership until 2026 to Drive AI-first Innovations in Professional Tennis Cyient Cyient joins a rapidly expanding network of businesses […]

M&M 1960 CE    AT  =66 CMP= 61 SL  =55 Lot = 350 Trgt=68/70/72++++BRITANNIA 4900 CE    AT  = 95 CMP= 89 SL  =80 Lot = 200 Trgt=99/103/107++++CIPLA 1470 CE  AT  = 48 CMP= 45.60 SL  =42 Lot = 650 Trgt=49/50/51++++TATACOMM 2000 CE    AT  =76 CMP= 72.55 SL  =68 Lot = 500 Trgt=78/80/82++++ASIANPAINT 2840 CE    AT  = 67 CMP= 61.5 SL  =50 Lot = 200 Trgt=71/75/79+++INFY 1600 CE    AT  = 56 CMP= 51.95 SL  = 47 Lot = 400 Trgt=58/60/62++++

M&M 1960 CE    AT  =66CMP= 61SL  =55Lot = 350Trgt=68/70/72++++ BRITANNIA 4900 CE    AT  = 95CMP= 89SL  =80Lot = 200Trgt=99/103/107++++ CIPLA 1470 CE  AT  […]

Agri-Commodity Update – 05-Mar-2024*# India’s Oct-Feb sugar output 3.10 lt lower from year-ago period, says ISMA*Domestic Agri-Future market Update*# *NCDEX Turmeric Apr* corrected in today’s trade after it climb to 5-months high (17,778) in previous session. Prices are on uptrend due to expectation of lower production this season.# *NCDEX Jeera Mar* trading in a broad range due to balanced supply and demand conditions. Last week prices down by 5.34% as new season arrivals keep prices under pressure on expectation of bumper crop this season.# *NCDEX Dhaniya Apr* down 1% today after it climb to 10-weeks high in the previous session due to improving physical demand.# *NCDEX Castor Mar* breaks previous two session highs but face resistance near 5750 levels due to improving arrivals in the physical market.# *NCDEX Cocud Mar* witnessed some selling pressure at higher levels. Prices jumped more than 8% in last one month due to increasing physical demand.# *NCDEX Guar seed Apr* down about 2% on reports of lower guar gum exports and higher availability of guar seed in physical market.# *NCDEX Kapas* trading within the previous session range but little under pressure near 1641 levels.# *MCX Cottoncndy Mar* open flat but trade moderately lower near 61,800 levels.*International Market Update*# ICE Cotton is trade moderately lower due to slowing down exports from the US and selling pressure at higher levels due to reports of increase area in the US in coming sowing season.# Chicago soybean futures slipped on Tuesday, surrendering gains from the previous session, as bountiful supply from South America weighed on the market.# USDA is more likely to be more aggressive in adjusting South American production and expect to cut 3 to 4 million tonnes off their Brazil estimate in March report.# Soybean crush in Jan-24 at just under 195 mil. bu. was below expectations, down 5% from Dec-23 and a 4 month low.

Agri-Commodity Update – 05-Mar-2024* # India’s Oct-Feb sugar output 3.10 lt lower from year-ago period, says ISMA *Domestic Agri-Future market Update* # *NCDEX Turmeric Apr* […]