As we have mentioned in yesterday post that
market will trade lower as mercury turn to direct on date 02/01/2024. Whenever mercury
change its position market also change its trend. Moving on market technical
analysis for the day Indian stock market opened flat and traded in
narrow zone for first 30 min, than after boom it start falling till level of
21555. This low was very near to our level which was mention in 01/01/2024
report. In case Bank Nifty it made low of 47689 ,and we mention support of
47700 for Bank Nifty in yesterday report. For 03/01/2024 Indian stock market is
expected to trade lower end and it could fall till 20677 by date 13/01/2024 but
before this fall of Indian stock market
https://markettalkshop.blogspot.com/2024/01/indian-stock-market-news-i-nifty-and.html
#Alembic Pharma went up 3.47 percent after the
company reported it received 196 ANDA approvals from USFDA for tentative or
final products during the quarter ended December 31, 2023
#NMDC
rose 2.81 percent after increasing prices of lump ores and fines. The company’s
production in 2023 also rose 18 percent from 2022 levels.
#Kernex
Microsystems (India): The joint venture company, VRRC-KERNEX-CE-RVR JV, has
received an order worth Rs 109.46 crore from South Central Railway for
comprehensive signalling and telecommunication works for the provision of an
automatic block signalling system.
#Vodafone
Idea went down 5.59 percent after the company denied reports saying it was in
talks with Elon Musk-promoted Starlink to manage its services in India.
#VST
Industries rose 20 percent and hit upper circuit after reports said 4 percent
stake in the company was sold through a block deal.
#Alok
Industries surged 20 percent and got locked in upper circuit after Reliance
Industries subscribed to non-convertible redeemable preferential shares worth
Rs 3,300 crore.
#Ashok
Leyland slid 2.88 percent after the company reported a 10 percent decline in
its total sales in December. The company in December sold 15,323 units as
against 17,112 units in December 2022.
#GAIL
India sunk 1.44 percent intraday after Kotak Institutional Equities downgraded
the stock of the natural gas company on a negative outlook for gas demand and
concerns on fundamentals versus the optimism in the scrip.
#Coal
India gained 2.61 percent after the company reported production in December
grew 8.2 percent on-year to 71.9 million tonnes. 8.2% year-on-year growth in December production signifies a
significant achievement and potentially indicates a continued upward trend in
future months. This could lead to higher revenue and profitability for Coal India.Increased
production may suggest Coal India is effectively meeting the rising demand for
coal in India, particularly from the power sector. This could boost investor confidence in the company's
ability to capitalize on market opportunities.
#HUL
ended up 1.5 percent lower after the company was slapped a Rs 447.5-crore GST
demand. This could involve claims made by HUL on taxes
paid for inputs used in production, if deemed ineligible by the authorities. And potential discrepancies in the way HUL handled
taxes for salaries paid to expatriate employees.
No comments:
Post a Comment