October 6, 2024

INDIA TAAZA KHABAR

SABSE BADA NEWS

Market Morning Notes For 13th September 2024

Market Morning Notes For 13th September 2024

Markets rallied to new all-time high with Nifty clocking gains of more than 400 points on expectation of a 50-bps rate cut in next week Fed’s policy. Yesterday positive impact was also driven by ECB cutting rate by 25 bps which led to arrest of gains in EURINR. At the present juncture, the Nifty has formed setup of rising wedge and this would mean Nifty is likely to remain under pressure on close below 25350 with larger breakdown expected below 24900.Nifty 50 ChartStocks to watchPositive Read throughTata Power – MoU with TAMO to set up 200 fast charging stations in 5 metros for e-CVs.Power Grid – Declared successful bidder to establish inter-state transmission system in Gujarat.Puravankara – Bags re-development rights for 2,000 sqm plot at Breach Candy, Mumbai.Nazara Tech – To invest Rs. 9.82 bn in Moonshine Tech (Pokerbaazi) via cash & share swap.HG Infra – Bags order worth Rs. 7.16 bn from Central Railway.Intellect Design – Launches Emach.AI for Sri Lanka’s finance sector.Muthoot, Manappuram – Gold price hits an all-time high of USD 2,563/OZ.BPCL – JVs for green hydrogen, compressed bio gas, to increase Cochin pipeline capacity.BLS Intl – To acquire UAE citizenship venture for USD 31 mn.HPL Electric – Bags work orders worth Rs. 1.43 bn for the supply of smart meters.Ajooni Biotech – Secures BIS certification for mineral mixture product.Zee Entertainment – NCLT approves company’s settlement pact with Sony India.Panacea Biotec – Secures USD 20 mn loan from DFC for vaccine capacity expansion.Negative Read ThroughHonasa – Peak XV, Sequoia Cap sellers, MS Asia, ICICI Pru buyers in Yesterday’s block deal.PNB housing – Asia Opportunity V seller Singapore Government among buyers in Yesterday’s block deal.Patanjali – Promoter to sell 3.1 pct equity via block deals, floor price Rs. 1815/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.

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