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sensex today: Stock Market Highlights: Dark clouds enter Nifty charts. What traders should do in first week of 2023

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On the last trading day of 2022, Indian headline equity index Nifty charts today showed the formation of a dark cloud cover type candle pattern. Analysts say that having moved in a broader range of 18200-17950 levels in the last few sessions, the probability of further consolidation is likely.

Now, the index has to continue to hold above 18181 zones, for an up move towards 18350 and 18442 levels whereas supports are placed at 18081 and 18018 levels, said Chandan Taparia of Motilal Oswal.

Option data suggests a broader trading range in between 17700 to 18600 zones while an immediate trading range in between 17950 to 18400 zones.

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“The domestic market trend during the week was influenced by the movements of its global counterparts. Markets wavered between gains and losses as global woes over the recession and COVID spread continued to persist. US trade deficit data suggested strength in the economy, raising uncertainty about the Fed’s tightening stance. On the other hand, steps towards the reopening of the Chinese economy increased the prospects for demand recovery. The ongoing volatility is expected to be sustained in the near-term because of high interest rates and a slowing economy. We believe that value buying is the theme of 2023, with a focus on domestically oriented sectors and buying on dips. Fair valuation, steady earnings, and a robust demand scenario will be the cutting parameters.”

– Vinod Nair, Head of Research at Geojit Financial services

Sebi asks bourses, clearing corps to set up Investor Risk Reduction Access platform by Oct 2023

Markets watchdog Sebi on Friday asked stock exchanges and clearing corporations to put in place a platform to help investors in case there is a disruption of services from trading members’ end. After extensive consultations, the regulator has decided to introduce the Investor Risk Reduction Access (IRRA) platform and time has been given till October 1 next year to make the platform operational.The move comes against the backdrop of a rise in instances of glitches in Trading Members’ (TMs) systems. In such cases, investors with open positions are at risk of the non-availability of avenues to close their positions, particularly if markets are volatile.A joint platform to provide IRRA service will be developed by the exchanges to provide the investors with an opportunity to square off/close the open positions and/or cancel pending orders in case of disruption of trading services provided by the TM.

Tech View: Dark clouds enter Nifty charts. What traders should do in first week of 2023

On the last trading day of 2022, Indian headline equity index Nifty charts today showed the formation of a dark cloud cover type candle pattern. Analysts say that having moved in a broader range of 18200-17950 levels in the last few sessions, the probability of further consolidation is likely.Now, the index has to continue to hold above 18181 zones, for an up move towards 18350 and 18442 levels whereas supports are placed at 18081 and 18018 levels, said Chandan Taparia of Motilal Oswal.Option data suggests a broader trading range in between 17700 to 18600 zones while an immediate trading range in between 17950 to 18400 zones.

The benchmark Nifty recovered smartly during the week, pairing more than 50% of the previous week’s loss. The index has formed a bullish harami pattern on the weekly chart, suggesting a bullish reversal. Besides, the index has closed above its 50-week exponential moving average. The momentum indicator RSI (14) on the weekly chart is in a bearish crossover. The 50 EMA and 200 DMA are in the bullish crossover. The trend for the short term is likely to remain bullish as long as it remains above 17,800 on a closing basis. On the higher end, resistance is visible at 18,350. A decisive move above 18,350 may induce a further rally towards 18,600/19,000. On the other hand, a decisive fall below 17,800 may weaken the trend.

– Rupak De, Senior Technical Analyst at LKP Securities.

MCX Gold prices traded in range between 54,900-55,100 and near 1815$ in Comex holiday mood kept lack of participation but broadly prices have been in positive trend as recent high levels of 1830$ and Comex Gold keeps taking support of 1800$ Going ahead range for Gold can be seen between 54,500-55,500.

– Jateen Trivedi, VP Research Analyst at LKP Securities

Rupee traded muted in a range between 82.70-82.80 as the participants stayed in holiday mood in FX markets globally and lack of participation kept the range bound session continuing for a couple of weeks now. Rupee range is 82.50-83.00 as the next trigger awaits on the US CPI front in Jan 2023.

– Jateen Trivedi, VP Research Analyst at LKP Securities

Rupee closes up 0.09% at 82.7200 per U.S. Dollar; previous close 82.7975

Rupee closes up 0.09% at 82.7200 per U.S. Dollar; previous close 82.7975

Closing Bell: Sensex ends 293 points down on last day of 2022; Nifty below 18,150; ICICI Bank, Zomato fall 2% each

Closing Bell: Sensex ends 293 points down on last day of 2022; Nifty below 18,150; ICICI Bank, Zomato fall 2% each

Zydus Lifesciences receives final approval from USFDA for triazolam tablets

Price as on 30 Dec, 2022 03:32 PM, Click on company names for their live prices.

Rupee continued to trade in a narrow range and volatility remains low ahead of new year holidays. Yesterday, dollar rose in the overnight session even after pending home sales number from the US came in lower. Euro and pound both are trading sideways but are facing some exhaustion at higher levels. We expect the USDINR(Spot) to trade sideways and quote in the range of 82.40 and 83.05.

– Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services

Welspun Ent: To buy back shares worth up to Rs 235 crore at Rs 200/share

Aster DM Healthcare Limited has entered into a Hospital Operation and Management Agreement (O&M) with Vritika Hospitals Pvt Ltd & Bharathi Education Trust, for operating and managing G. Madegowda Super Specialty Hospital Mandya, Karnataka.

Price as on 30 Dec, 2022 02:29 PM, Click on company names for their live prices.

Kalpataru Power Transmission & its international subsidiaries have secured new orders / notification of awards of Rs 1,247 crore.

Price as on 30 Dec, 2022 02:25 PM, Click on company names for their live prices.

Market LIVE Updates: These stocks are the top losers today

Price as on 30 Dec, 2022 02:00 PM, Click on company names for their live prices.

Japan’s Nikkei ends flat, posts first annual loss in 4 years

Japan’s Nikkei index on Friday gave up early gains to end flat ahead of new year holidays, and posted its first yearly loss in four years.
The Nikkei closed flat at 26,094.50, after rising as much as 0.9% earlier in the session driven by overnight gains on Wall Street. The index dropped 9.4% for the year, its first loss since 2018.

The broader Topix reversed course to end 0.19% lower at 1,891.71, falling 5% for the year, its first loss in four years as well.

SENSEX TRADES ON A CHOPPY NOTE

SENSEX TRADES ON A CHOPPY NOTE

COMMODITY WATCH | Where can gold, silver and other metals go in FY23?

Source: ICICIDirect

COMMODITY WATCH | Where can gold, silver and other metals go in FY23?

HPL Electric and Power Ltd deepens its smart meter order pipeline by winning an order of Rs 161 crore

Price as on 30 Dec, 2022 12:38 PM, Click on company names for their live prices.

Tata Power has raised Rs 1,000 crore through the issuance of non- convertible debentures on a private placement basis. In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis.

Price as on 30 Dec, 2022 12:20 PM, Click on company names for their live prices.

MARKET LIVE UPDATES: Sah Polymers IPO subscribed 14% in 2 hours

QIB Portion: Nil
NII Portion: 7%
Retail Portion: 65%
Overall: 14%

These stocks gained the most in trade today

Price as on 30 Dec, 2022 11:42 AM, Click on company names for their live prices.

Eicher Motors has signed an agreement to acquire 10.35% stake in Spain-based electric mobility company Stark Future for 50 million euros. The investment will help the company enhance R&D capabilities in the electric motorcycles segment. The transaction is expected to be completed by March.

Price as on 30 Dec, 2022 11:02 AM, Click on company names for their live prices.

Cipla’s wholly-owned UK subsidiary Cipla (EU) Limited has signed definitive agreements to invest 15 million euros in Ethris GmbH. Ethris GmbH is a global leader in delivering ribonucleic acid or RNA therapeutics directly to the respiratory system, including administration by inhalation. The investment will facilitate a long-term strategic partnership between Cipla and Ethris for development of messenger RNA (mRNA)-based therapies, the former said in a release.

Price as on 30 Dec, 2022 10:49 AM, Click on company names for their live prices.

HG Infra Engineering jumps 9% after order win; Co on Thursday said it had secured a project worth 7.44 bln rupees ($89.90 million) from the National Highways Authority of India

Price as on 30 Dec, 2022 10:48 AM, Click on company names for their live prices.

Shares of Lotus Chocolate hit an upper circuit of 5% to Rs 122.95 in Friday’s trade on BSE after Reliance Industries Limited’s subsidiary Reliance Retail Ventures signed an agreement to acquire a controlling stake in BSE-listed Lotus Chocolate Co. Reliance Retail arm Reliance Consumer Products will acquire a 51% stake from the promoter and promoter group entities of the confectionary maker and make an open offer to the public shareholders to acquire an additional 26% stake.

Price as on 30 Dec, 2022 10:38 AM, Click on company names for their live prices.

MARKET VIEW | Pravesh Gour, Senior Technical Analyst, Swastika Investmart on Elin Electronics Listing

The company has received a negative listing over its issue price of Rs. 247. The issue had also received a flat response from investors on both the institutional and retail sides.

It is a leading electronics manufacturing services (EMS) provider in the country. The company has an established market position and strong customer relationships. It also has consistent financial performance with strong revenue growth and a stable margin. However, the company is operating in a highly competitive market, and the majority of its revenue is derived from a limited number of customers. The issue had a P/E valuation of 25.75, which was attractively priced when compared to its peers.

As a result, allottees who applied for the public offering for listing premium should keep their stop loss at 235.

Inox Wind on Friday said that CRISIL has upgraded its ratings on the long-term and short-term bank facilities and has revised its outlook from stable to positive. CRISIL has upgraded its ratings from Crisil BBB to Crisil BBB+ (long-term rating), Crisil A3+ to Crisil A2 (short-term ratings) and outlook has been revised from stable to positive in relation to ratings of its banking facilities, Inox Wind Ltd said in a statement.

Price as on 30 Dec, 2022 10:30 AM, Click on company names for their live prices.

Bank stocks in the red in trade today; check out worst performers

Price as on 30 Dec, 2022 10:15 AM, Click on company names for their live prices.

Elin Electronics makes weak debut on bourses, lists at 2% discount

Shares of Elin Electronics failed to impress investors on listing, as the stock debuted at Rs 243 on BSE on Friday, a discount of 1.62% to the issue price of Rs 247. On National Stock Exchange (NSE), the stock got listed at a discount of 1.21% at Rs 244 against the said IPO price. The stock was trading at a discount to its issue price in the grey or the unofficial market ahead of its listing on Thursday.

Elin Electronics makes weak debut on bourses, lists at 2% discount

Craftsman Automation enters definitive agreement with DR Axion India

Price as on 30 Dec, 2022 09:36 AM, Click on company names for their live prices.

The most significant feature of 2022 is the outperformance of the Indian market. In a year in which S&P 500 is down by 20% and most markets are down between 10 to 20 %, Nifty is up by 4.8%. This outperformance is the result of mainly two factors: One, India’s superior economic growth; two, domestic investors support the market by buying every dip caused by FII selling. These two factors are expected to continue in 2023 too. Dollar index dipping below 104 is a positive for the market. This trend is likely to sustain forcing FIIs to turn buyers in India in 2023. Q3 results starting from Jan 12th will be the next trigger for markets. Capital goods, financials and construction-related segments are likely to post good results.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Sector Watch: Sea of green; Nifty PSU Banks jumps 2%

Sector Watch: Sea of green; Nifty PSU Banks jumps 2%

Nifty ended the last expiry of 2022 with a marginal cut of 1.58% at 18,191. Nifty futures rollover stood at 77.72%, which is lower compared to the last month expiry rollover of 80.60% and marginally higher from its three-month average of 77.41%. Nifty will start the January series with an open interest (OI) of 1.14 Cr shares compared to OI of 1.21 Cr shares at the beginning of the December series. Nifty saw a marginal decline in rollover along with a decline in OI compared to its previous months data. This indicates some reduction in long positions, as markets fell over the month. Data suggests there is limited enthusiasm amongst traders. We will have to look at how the positions are built up over the next expiry.

– Rohan Patil, Technical Analyst, Samco Securities

Top gainers & losers in morning trade

Price as on 30 Dec, 2022 09:23 AM, Click on company names for their live prices.

Skipper wins order worth Rs 2570 crore; Order for BSNL 4G telecom projects

Price as on 30 Dec, 2022 09:22 AM, Click on company names for their live prices.

We had favoured consolidation yesterday within 18040-17940 rather than an outright collapse, because the structure that had encouraged us to keep playing for the 18400 objective was very much intact. While we had been cautiously optimistic, while playing the turn from 17800, a breach of 18400 could encourage us to abandon such restraint and instead commission a much stronger move aiming 18680, the 2nd objective. We will push the downside marker higher to 18235, once we head into the 18300-400 band.

– Anand James – Chief Market Strategist at Geojit Financial Services

Opening Bell: Sensex rises 200 pts, Nifty nears 18,250; Eureka Forbes jumps 5%, Craftsman Automation 4%

Opening Bell: Sensex rises 200 pts, Nifty nears 18,250; Eureka Forbes jumps 5%, Craftsman Automation 4%

BLOCK DEAL IN NDTV: 1.76 crore shares change hands

Price as on 30 Dec, 2022 09:20 AM, Click on company names for their live prices.

Rupee opens up 0.02% at 82.7800 per U.S. Dollar; previous close 82.7975

Rupee opens up 0.02% at 82.7800 per U.S. Dollar; previous close 82.7975

Pre-open session: Sensex rises 200 points; Nifty above 18,255

Rupee likely to open flat to cap off worst year since 2013

The Indian rupee was expected to open little changed on Friday – its last trading day of the year – as the dollar remained rangebound and after domestic data showed the current account deficit widened further. The rupee was seen around 82.78-83.85 per dollar in early trades, compared to its previous close of 82.7975. The rupee is eyeing losses of around 11% this year and is the worst-performing Asian currency so far. Over the past two weeks, it traded in narrow ranges, but quite near its all-time low of 83.29.

Asia stocks rise as investors find foothold at end of brutal 2022

Asian equities rose on Friday as investors looked to end the year on an optimistic note after U.S. data showed the Federal Reserve’s aggressive monetary policy was dampening inflationary pressures even as worries over COVID cases in China persist. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71% and was set to end December flat. The index is set to end the year down 19% – it’s worst performance since 2008.

“Greed and Fear to raise weighting in Thailand from Neutral to Overweight,” writes Chris Wood.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 90 points, or 0.49 per cent, higher at 18,370, signaling that Dalal Street was headed for a positive start on Friday.

Tech View: Nifty forms a positive candle on expiry day

Headline equity index Nifty on Thursday formed a bullish candle on the last monthly and weekly derivative expiry of the calendar year 2022. It formed a higher bottom formation on intraday charts, indicating a further uptrend from current level

Tokyo stocks open higher after US gains

Tokyo stocks opened higher on Friday in their last trading day of 2022, after Wall Street rebounded following gloomy sessions. The benchmark Nikkei 225 index rose 0.74 percent, or 194.33 points, to 26,288.00 at the open, while the broader Topix index climbed 0.39 percent, or 7.39 points, to 1,902.66.

Wall Street ends firmer, growth stocks lead in thin trading

Wall Street’s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve’s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.

Oil drops on China uncertainty; U.S. demand limits decline

Oil prices fell for a second straight session on Thursday on an uncertain demand outlook as more countries considered restrictions on Chinese travelers with COVID-19 infections spreading in the top oil-importing nation.

Rupee drops 7 paise to 82.87 against US dollar

The rupee consolidated in a narrow range and settled 7 paise lower at 82.87 against the US dollar on Thursday despite softening crude oil prices and a weak greenback overseas.

Sensex, Nifty on Thursday

The Nifty50 index closed 68 points or 0.38% higher at 18,191, while S&P BSE Sensex rose 223 points or 0.37% to settle at 61,134.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day



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