Skip to main content

Indian Equity Markets are More Likely to Open Higher on Monday

Indian equity markets are more likely to open higher, following sure cues prevailing among Asian friends. The SGX Nifty, which used to be buying and selling at 9,787, up by means of 61 factors, is suggesting a favorable opening.



Nifty50 index has instant toughen positioned around the degree of 9,680 and the subsequent major make stronger is prone to are available around the stage of 9,630. On the best way up, 9,780 is a key resistance house, and if Nifty holds above this stage, it's going to extend its rally as much as the extent of 9,830.

Key outcomes for the day: Apollo Hospitals, Jain Irrigation, Coal India, Grasim, IDBI bank, JK Tyres, NBCC and Tata power.

Again dwelling, Indian markets extended their shedding streak for a fifth straight session on Friday. The Nifty index plummeted 109 factors to settle at 9,711 at its five-week low and the Sensex settled at 31,214 with a loss of 318 points.

After witnessing promote-off in the previous buying and selling session, america stocks regained misplaced floor and ended the Friday’s session with marginal positive factors. The tech-encumbered Nasdaq Composite Index outperformed its counterparts because it surged forty factors to finish at 6,257. The Dow Jones Industrial average climbed 14 points to close at 21,858. The S&P 500 edged up three points to close 2,441.

Majority of stock indices in Asia had been buying and selling greater in early trade on Monday. Hong Kong's grasp Seng has surged 303 points and China’s Shanghai Composite has developed 6 points. on the other hand, Japan’s Nikkei 225 has slipped 184 points.

Comments

Popular posts from this blog

Sensex Fall More Than a 100 Factors, Under Nifty 9950, Pressure on Pharma Stocks

The fall in the stock marketcontinues to this present day. On Tuesday, after the closure with the autumn, the market began on Wednesday with the decline and fall.The Sensex has misplaced greater than a hundred factors in the initial business. The Nifty reached under 9950 at the moment Sensex 31903 and Nifty fell one hundred ten points to alternate at 9,945, down 33 points. these days many of the drive is being considered on pharma sector.
Sharp Fall in Small Shares..
In today's business small shares are seeing a sharp decline. The smallcap index is set 1 percent down. The mid-sector sector index is down 0.9 percent. within the midcap index, Berger Paints has 4 per cent, Tata chemicals 3.6 per cent, GMR Infra is buying and selling 3.7 per cent down. in the smallcap index, RSW 10%, HDIL 8.6%, Gammon Infra dropped 7%. Pharma Stocks Crash, Metallic Continues to Upward Thrust.
In the Trading of the pharma sector, the largest decline in stocks is viewed on Wednesday. The Pharma Sector In…

Nifty likely to close above 10,000 in July series; 5 stocks which can give up to 14% return

There has been aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone. The Nifty is moving up and has been making new highs on regular basis with a decent addition in open interest (OI) which indicates the strength in the current trend. The Option writers were active last week as we have seen Put writing in 9900, 9800, 9700 strikes and unwinding in calls. The foreign institutional investors (FII’s) options data also indicates fresh buying in index calls (9900, 10000 strikes). Moreover, from derivative data, it is quite possible that Nifty may expire above 10,000 levels in the current series. As in the recent past, we have seen aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone. On Tuesday, Call writers were unwinding call short position which once again indicates the possibility of upside before expiry. On the technical front, 9920-9930 spot leve…

SBI Life gets ready for a big IPO this year, may raise Rs 8500-9000 cr

Once listed, this would be the second life insurer after ICICI Prudential Life Insurance to be listed on the stock exchanges.

SBI Life Insurance, which has filed the draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi), is likely to bring out the largest initial public offering (IPO) in the insurance space. Sources said that the insurer could raise as much as Rs 8500-9000 crore from the IPO.

Once listed, this would be the second life insurer after ICICI Pre
dential Life Insurance to be listed on the stock exchanges.

This includes an initial public offer of up to 120 million equity shares of face value of Rs 10 each through an offer for sale by State Bank of India and BNP Paribas Cardif where each will be selling up to 80 million equity shares and up to 40 million equity shares, respectively.

Further, it also includes a reservation of up to 2 million equity shares (constituting up to 0.2 percent of the post-offer paid-up share capital) for purchase by …