Friday, 22 December 2023

12 Reason Why Nifty and Bank Nifty remain volatile for the day l Top nifty gainer and loser

                                                         INDIAN STOCK MARKET 

COUNTER

Open

High

Low

Close

Nifty

21295

21390

21232

21349 (+94)

Bank-nifty

47837

48071

47415

47491 (-348)

FinNifty

22431

22514

22217

22319 (-60)

After Gap-up Opening of Nifty traded upside till 21390 by 11:50 AM and after the 12 :00 PM what a volatile day for nifty it was down to 21232 forming a range of 160 point, Thanks to Friday Ekadashi event for session of  market. Normally in past event it has been seen many time that even ever F11 (Friday Ekadashi  ) event took place we see high volatile. But due to some positive planetary position market still manage to close in Green , Bank nifty was not that lucky and dragged to -348 point in red. Monday will remain closed and next week from Tuesday to Friday will have low volume on Stock market around globe, And when new session of Stock market Start from 2024 It is expected to have some blood bath in starting week in market around  in global . There are high chance  of Landon To collapse  in coming year.  The share which help Index to head high are Wipro , Hcl Tech , Hindalco , TATA Motors , Share which have top the list of losses Grasim , SBI , ICICI Bank, Bajaj Finance.

                                     STOCK MARKET NEWS 

LifeInsurance Corporation of India: LIC got an exemption from the Department of Economic Affairs to achieve the 25 percent minimum public shareholding threshold within 10 years of listing, which is in 2032. The department termed the decision was taken due to “public interest”.

Bata India: The retail footwear company said Pankaj Gupta will resign as Head of Retail and franchisee Operations and move to a global position in Bata group effective from March 1, 2024. Badri Beriwal Chief Strategy & Business Development Officer of the company, will be additionally leading the retail business including Bata, Hush Puppies and Franchise operations of the company.

MOIL: The state-owned manganese ore mining company announced that production by December 20, crossed 16 lakh tonnes in CY2023. The company said this figure is 26 percent higher than the previous high in 2019.

360 ONE WAM: The company has entered into a share purchase agreement with MAVM Angels to acquire the rest of the 9 percent stake and make the company, a wholly-owned subsidiary of the company. 360 ONE WAM acquired a 91 percent stake in the company in November 2022.

 https://markettalkshop.blogspot.com/

 Adani Green Energy gained nearly 1 percent on December 22, a day after it was reported that the parent group was planning to invest $1 billion into the renewable arm, driving the stock up 4 percent. 

 SBI card stock gained nearly a percent due to an increase in credit card spends. Credit card spends grew 40 percent year-on-year to Rs 1.6 lakh crore in November, compared to 38 percent YoY growth in October.

Polycab India shares tanked nearly 5 percent on December 22 amid reports that the income tax department is conducting searches at 50 locations of Polycab across India. The residences and offices of the top management linked to the firm were also being raided, reported CNBC TV18. 

AstraZeneca Pharma shares surged over 12.5 percent to a 52-week high on December 22. The rise comes a day after the company announced that it will launch Trastuzumab Deruxtecan, also known as Enhertu, which is used in the treatment of HER2-positive breast cancer, in January 2024.

ACLGATI share closed in the red on December 22, ending 12.5 percent lower. According to the company release, the direct shareholding will eliminate inefficient complex corporate structure. 

Piramal Pharma zoomed 9 percent to hit a 52-week high on December 22. It has surged 16 percent so far, largely in line with the benchmark Sensex. 

Railtel shares rallied nearly 2 percent on December 22 after the company received a Rs 66.83-crore work order from NF Railway Construction.

V-Guard Industries soared over 2 percent on December 22 after a block deal worth Rs 100 crore took place on the exchanges. Around 35 lakh shares of the company changed hands at a floor price of Rs 286 apiece which represents a slight discount from the stock's closing price of Rs 287.15 in the previous session.

Disclaimer: We are not SEBI registered Equity Research Analysts nor Investment advisers and are expressing opinions only as Investors/traders/educationists/ or out of passionate interest in equities. We are  not responsible for any profit/loss arising out of any information, post or opinion appearing in this group. Investors are advised exercise their own due diligence and/or consult a financial adviser before acting on any such information. This blog is not meant for revenue generation and the sole motive of this blog  is to gain knowledge through  experience of day to day event... The blog as a whole does not authenticate any link shared in this blog. This blog does not endorse any PMS and/or advisory service/s run by an Admin or Member.

https://markettalkshop.blogspot.com/

#stockmarket # Stockmarketindia #Stockmarketnews #Stockmarketinvestment #stockmarkettips #Future #option #futureOption #Trading #investment #Indianstockmarket #Nse #bse #nsebse #Nifty #banknifty

 

No comments:

Post a Comment