10:15 AM
M&M subsidiary SsangYong has not repaid 408 crore rupees on time.
10:10 AM
MAJESCO has announced an interim dividend of Rs 974 per share. The company will pay an interim dividend of Rs 2788.4 crore.
10:05 AM
The rupee has weakened 6 paise to 73.64 against 73.58 today against the dollar.
09:20 AM
The market has started weak today amid mixed global signals. Currently, Sensex is seen around 46130 with 125 points i.e. 0.27 percent weakness. At the same time, Nifty is trading around 13520 with a weakness of around 40 points.
08:25 AM
Defense stocks can be seen rising
Defense companies like BEL, BEML, BDL, ITI can see tremendous action today. Amid tensions from China, the Indian Army has been allowed to collect arms and ammunition for a 15-day war.
Global signs mix
DOW touched ALL TIME HIGH on INTRADAY yesterday, despite fears of the introduction of Corona vaccination in the US and increased lockdown in the world. However after that it slipped from the upper levels. NASDAQ also closed up half a percent. Today DOW FUTURES is up 100 points. NIKKIE is doing flat business here in Asia. But SGX NIFTY is down 0.40 percent.
Joe Biden paves way for US President
Joe Biden’s path to becoming US President has been cleared. Electoral College has sealed his victory. Joe Biden will arrive at the White House with 306 votes. Trump has received 232 votes.
Stock Market LIVE News: Nifty near 13550, Sensex at new high; FMCG shares rise, ONGC-SBI top gainers
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 13590-13610. The larger registration zone is 13654-13670. The base zone is 13430–13380. The larger base zone is 13310–13340. According to the FIIs option data, global indications, light weakening is possible. Buy in the fall will only benefit, do not buy Gap Up. 13610-13420 Trading Zone, Buy Fall. There will be short covering above 13610 only.
Strategy on nifty bank
Virendra Kumar says that its registration zone is 30840-30900 and larger registration zone 30050-30200. The base zone is 30490-30440 and the larger base zone is 30200-30050. 30900-31000 is a difficult zone for now. 30500, 30330 intraday support, 30050 base. Buy in the fall, buying down will be beneficial.
Know today’s trading calls
Kotak Securities
BUY HDFC TGT 2400 SL 2270
Hem Securities
BUY BATA (I) AT 1626 STP 1550 TRG 1740BUY
KR Choksey
Buy ICICI bank @ 524 , stl 520, tgt 532
