Market Morning Notes For 12th September 2024
Markets succumbed to selling pressure on Wednesday on back of USDJPY breaching recent low of 141, triggering risk of major carry trade in unwinding. At present, markets are building expectations from next week’s US Fed for aggressive rate cut, hence any decline are met with buying at lower levels. For Nifty, the outlook remains cautious with surge in JPYINR and Nifty expected to see wide volatility on breach below 24,850 on closing basis.Nifty 50 ChartStocks to watchPositive Read throughBajaj Auto, Hero – Cabinet approves Rs. 109 bn PM e-Drive scheme for e- 2W, 3W, buses.TVS Motor, Ola Elec – Cabinet approves Rs. 109 bn PM e-Drive scheme for e- 2W, 3W, buses.Tata Steel – Signs USD 500 mn grant funding agreement with UK for green steel at port Talbot.Brigade Ent – Buzzworks flexible workspaces by brigade group forays into Hyderabad.Lemon Tree – Signs Licence agreement for 117 room hotel in Pune.JBM Auto – Cabinet approves Rs. 109 bn PM e-Drive scheme for e- 2W, 3W, buses.NBCC – Partners with MTNL to develop 13.88 acres land parcel, project value at Rs. 16 bn.HPCL – Board approves investment of Rs. 22.12 bn for Visakh Raipur pipeline project.Wipro – Builds AI-enabled data strategy for JFK International Air Terminal.CE Info – Zoomcar partners with Mappls for AI- powered integration.GE&TD – Bags order worth of EURO 155 mn form Grid Solution Group.IEX – IGX share in overall gas consumption expected to grow to 4-5 pct by 2030.Indigo – Company aims to be global airline player by 2030.M&M – Embraer and Mahindra announce collaboration on the C-390 Millennium Medium Transport Aircraft in India.Negative Read throughHonasa -10.8 pcr equity to change hands via block deals, Peak XV, Sequoia among sellers.Route Mobile – Promoter Proximuns Opal to sell 6.03 pct stake via OFS, Floor price at Rs. 1635/share.Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
