| Indian Market | 9-Nov-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 18044.25 | -24.30 | -0.13% |
| Sensex | 60433.45 | -112.16 | -0.19% |
| Banknifty | 39368.80 | -69.45 | -%0.18 |
| Indian Market | 9-Nov-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty Mid-Ccap 100 | 32186.35 | 367.70 | 1.16% |
| Nifty Small-Cap 100 | 11213 | 54.55 | 0.49% |
| India VIX | 16.00 | -0.34 | -2.06% |
| US Market | 1-Oct-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 36319.98 | -112.24 | -0.31% |
| S&P 500 | 4685.25 | -16.45 | -0.35% |
| Nasdaq | 15886.50 | -95.80 | -0.60% |
| Currency / Index | 9-Nov-21 | ||
|---|---|---|---|
| Dollar Index | Close | Change | % chg |
| USD/INR | 74.0625 | -0.0125 | -0.02% |
| EUR/INR | 85.8260 | 0.176 | 0.21% |
| Dollar Index | 93.99 | -0.052 | -0.06% |
| US 10-Year bond | 1.425% | -0.055% | -0.06% |
Disclaimer: The market view and updates we are sharing are true to the best of our knowledge and sharing just for information purpose and any action would be purely investor’s own responsibility. Investor are advised to take necessary guidance from certified adviser and hence we will not be responsible for any profit or loss incurred due it. We do not have PMS license and we are not recommending anything to buy or sell.
Trade Setup
- Indian market on Tuesday: : Market remain sideways with negative bias and closed with negative bias facing resistance at 20-DMA.
- • Auto stocks continue to do well and Banking and financials taking a beating as inflation worriers keep the market momentum in check.
- • Wall Street indexes slid on Tuesday, bringing a multi-day rally of record closing highs to a wrap as profit-taking and worries over ongoing inflation fueled a broad selloff.
- • Crude Oil rises near to fresh high as Brent Crude oil crosses $85 mark again, rises nearly $4 in last 2 – 3 trading session.
- • SGX Nifty indicating gap down opening by 100 points on yet another default by Chinese real estate company and inflation fear.
Stock Updates
- Adani Green Energy has set a target of achieving 45 GW renewable energy capacity by 2030, with the average tariff below the average power purchase cost at the national level. The company will also invest $20 billion in renewable energy development over the next decade and develop a 2 GW per year solar manufacturing capacity by FY23.
- Adani Transmission, which distributes electricity in parts of Mumbai, is on course to increase the share of renewables in its power procurement to 30% by FY23 and to 70% by FY30 from the current 3%.
- Cipla: The company’s unit Cipla Technologies LLC will continue to reimburse Pulmatrix Inc for 50% of all third-party costs for the development of Pulmazole, which would include 40% of dedicated personnel and consulting costs and another 10% upon the timely achievement of certain development milestones.
- Housing Development Finance Corporation: To raise Rs 3,000 crore by issuing secured, redeemable NCDs on a private placement basis. The coupon rate has been fixed at 7.10% per annum. The issue will open for subscription on November 11, and close on the same day.
- IDFC: Board, as part of simplification of corporate structure, has approved the merger of IDFC Alternatives, IDFC Trustee Company and IDFC Projects into IDFC subject to regulatory approvals from various authorities, as applicable.
- Earnings: Pidilite Industries, Zomato, Oil India, Bank of Baroda, Berger Paints India, Birla Corporation, Crisil, Gujarat Fluorochemicals, Metropolis Healthcare, Alembic Pharmaceuticals, Glenmark Life Sciences.
Technical View
- Nifty facing selling pressure at 20-DMA of 18085 and important support level will come at 50-DMA at 17730.
- Nifty continue to trade in narrow range and breakout on either side will provide further cues on next directional move.
- Banknifty could find support at 38375 & 50-DMA comes at 38152 level.
- SGX Nifty indicating weak opening, it will be important to watch whether after gap-down opening, selling continues.