#Nifty EOD
|
COUNTER |
Open |
High |
Low |
Close |
|
Nifty |
21543 |
21593 |
21087 |
21150 (-302.95) |
|
Bank-nifty |
48035 |
48166 |
47202 |
47445 (-425
) |
|
FinNifty |
21518 |
21552 |
21096 |
21201 (-233) |
From reference to our previous post
on date 19/12/2023, we have mentioned that Nifty is in last lap of 21609 which
will be stiff resistanceas per Gann price level. Today nifty had gap-up open of
+111 traded near the level 21609 and after 11 AM as thithi of ashtami changed
the trend of market changed and dragged the nifty fall to -506 point in
intraday and made low of 21087. Other indexes like Sensex , bank nifty ,
FinNifty follow the league. Trading on Thursday nifty expected to trade low till before 21025 (-/+ 22 point ) which must act as best support if it break further
fall is expected, take above level as side of update not recommendation
News of stock market
1.
Nazara Technologiesrises as it plans partnerships with four different Indian gaming
studios: Smash Head Studios, Wandermind Labs, Pixcell Play, and ATG Studios.
Under these partnerships, Nazara Technologies plans to release 20 games in the
next 12 to 18 months, investing between Rs 1 crore and Rs 3 crores per game.
2.
Jubilant Foodworksrises as its unit, Jubilant Foodworks Netherlands, launches a cash
offer to acquire the remaining 45.3% in Domino's Pizza Eurasia. The acquisition
will occur at an average price of 95 pence per share, amounting to €73.4
million (approx. Rs 668.8 crore).
3. Paytm is rising as 40.2 lakh shares (1% equity),
amounting to approximately Rs 254.3 crore, change hands, according to
reports.Satin Creditcare hit its 52-week high of Rs 276 after the board
approved the allotment of 1.08 crore shares at Rs 230.7 each to eligible
qualified institutional buyers, raising about Rs 250 crore.
4.
JK Tyre is rising as
it opens its qualified institutional placement to raise Rs 500 crore, with the
floor price set at Rs 358.9 per share
5.
Rail Vikas Nigam rises as it bags an order worth Rs 123 crore in a joint
venture with KRDCL. The project involves a significant upgrade of the Varkala
Sivagiri Railway Station.
6.
Varun Beverages rose to an all-time high of Rs 1,178 as it is set to acquire
South Africa's The Beverage Company and its subsidiaries for Rs 1,320 crore.
The company has also signed a Rs 450 crore MoU with the Jharkhand government
for the Patratu manufacturing plant.
7.
Oil India gained 6.33 percent, extending gains for the second straight
session after the rise of crude oil prices and the government slashing windfall
taxes.
8.
Glenmark Pharma plunged 4.52 percent despite the Competition Commission of
India (CCI) approving Nirma's acquisition of the majority shareholding in the
subsidiary Glenmark Life Sciences.
9.
Ashok Leyland stock gained 2 percent after global brokerage firm CLSA
shared a 'buy' rating on the counter, with a target price of Rs 238, implying
an upside of 33 percent. However, the stock lost its gains and closed at 3.28
percent in the red.
10. Ajmera Realty gained 2 percent after Quest Investment Advisors acquired a
1.4 percent stake in the real estate company.
11. JSW Infrastructure fell 6.14
percent even after the company announced its wholly-owned subsidiary has
completed the acquisition of a marine oil terminal in the Middle East.
12. DefenceMinistry signs Rs 1,615 crore contract with MazagonDock for procurement of 6 offshore patrol vessels.
2. # Voltas +3.45 %
3. # ONGC +1.45 %
1. # IBULHSGFIN -11.18 %
2. # INDUS Tower -8.16 %
3. # PEL -7.93 %
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