INDIAN FACE
INDIAN EQUITY BENCHMARK
Indian indices ended with little change in the volatile session on December 30 with Nifty above 12,250. At close, the Sensex was down 17.14 points at 41,558.00, while the Nifty was up 10.10 points at 12,255.90. About 1423 shares have advanced, 1108 shares declined, and 192 shares are unchanged. Tata Motors, Eicher Motors, UPL, Vedanta and Hero MotoCorp were among major gainers on the Nifty, while losers were Yes Bank, ICICI Bank, SBI, IOC and Axis Bank.
GLOBAL FACE
Asian Market- Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.16% and the Hang Seng rose 0.33%. The Nikkei 225 lost 0.76%.
U.S. Market – North and South American markets finished mixed to lower as of the most recent closing prices. Shares in Brazil fell as the Bovespa dropped 0.57%. The IPC lost 0.09% while the S&P 500 in U.S. closed unchanged.
European markets- European markets are lower today with shares in Germany off the most. The DAX is down 0.56% while France's CAC 40 is off 0.27% and London's FTSE 100 is lower by 0.26%.
NIFTY SPOT
MARKET TALKS
Dr Reddy's inches up on launching Sodium Nitroprusside Injection in US
Dr Reddy's Laboratories Ltd along with its subsidiaries announced the launch of Sodium Nitroprusside Injection, 50 mg/2 ml (25 mg/ml) Single-dose Vial, the therapeutic generic equivalent of Nitropress (sodium nitroprusside) Injection, 50 mg/2ml vial, approved by the U.S. Food and Drug Administration (USFDA). The stock is trading higher on the BSE.
Gujarat Narmada Valley advances Dahej plant shutdown amid slowdown
Gujarat Narmada Valley Fertilizers & Chemicals informed the exchanges that due to the prevailing challenging external environment and market conditions of TDI, the company has advanced its planned shutdown by around 3 weeks by temporarily suspending the production of TDI at its TDI-II plant at Dahej. Hence, the said plant will remain under shutdown from December 27, 2019 to January 15, 2020.
Piramal Enterprises to raise Rs2,750 via private placement of NCDs
Piramal Enterprises at the Meeting of Administrative Committee of the Board of Directors held on Dec 28, 2019, the Committee approved the issue of secured, rated, unlisted, redeemable NonConvertible Debentures aggregating up to Rs2, 750cr on private placement basis to be issued in one or more tranches from time to time. The private placement is for up to 27,500 Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures of the face value of Rs10,00,000/- each for cash aggregating upto Rs2,750cr to be issued in one or more tranches from time to time.
Asian markets trade flat; Shanghai Composite index up ~1% on the economic front, Japan will see October numbers for vehicle production today.
Asian markets opened in the negative territory in early trading and is trading flat now. Elsewhere in Asia, New Zealand, Indonesia are modestly lower, while Singapore and Taiwan are edging lower. Hong Kong and Malaysia are higher, while the Shanghai Composite index is up nearly 1%. On the international front, the media reports said that China’s industrial firms grew at the fastest pace in eight months in November. Industrial profits in November rose 5.4% from a year earlier to 593.9 bn yuan ($84.93 bn), compared to a 9.9% drop in October.
NAME OF THE STOCK: TATAMOTORS
DATE: 31/12/2019
SEGMENT: CASH
CHART TYPE: Candlestick
EXCHANGE: NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
INVESTMENT ADVICE:
CALL CS CALL: BUY TATAMOTORS CASH NR CMP 183 TGT 191 SL 177
Indian indices ended with little change in the volatile session on December 30 with Nifty above 12,250. At close, the Sensex was down 17.14 points at 41,558.00, while the Nifty was up 10.10 points at 12,255.90. About 1423 shares have advanced, 1108 shares declined, and 192 shares are unchanged. Tata Motors, Eicher Motors, UPL, Vedanta and Hero MotoCorp were among major gainers on the Nifty, while losers were Yes Bank, ICICI Bank, SBI, IOC and Axis Bank.
GLOBAL FACE
Asian Market- Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.16% and the Hang Seng rose 0.33%. The Nikkei 225 lost 0.76%.
U.S. Market – North and South American markets finished mixed to lower as of the most recent closing prices. Shares in Brazil fell as the Bovespa dropped 0.57%. The IPC lost 0.09% while the S&P 500 in U.S. closed unchanged.
European markets- European markets are lower today with shares in Germany off the most. The DAX is down 0.56% while France's CAC 40 is off 0.27% and London's FTSE 100 is lower by 0.26%.
NIFTY SPOT
MARKET TALKS
Dr Reddy's inches up on launching Sodium Nitroprusside Injection in US
Dr Reddy's Laboratories Ltd along with its subsidiaries announced the launch of Sodium Nitroprusside Injection, 50 mg/2 ml (25 mg/ml) Single-dose Vial, the therapeutic generic equivalent of Nitropress (sodium nitroprusside) Injection, 50 mg/2ml vial, approved by the U.S. Food and Drug Administration (USFDA). The stock is trading higher on the BSE.
Gujarat Narmada Valley advances Dahej plant shutdown amid slowdown
Gujarat Narmada Valley Fertilizers & Chemicals informed the exchanges that due to the prevailing challenging external environment and market conditions of TDI, the company has advanced its planned shutdown by around 3 weeks by temporarily suspending the production of TDI at its TDI-II plant at Dahej. Hence, the said plant will remain under shutdown from December 27, 2019 to January 15, 2020.
Piramal Enterprises to raise Rs2,750 via private placement of NCDs
Piramal Enterprises at the Meeting of Administrative Committee of the Board of Directors held on Dec 28, 2019, the Committee approved the issue of secured, rated, unlisted, redeemable NonConvertible Debentures aggregating up to Rs2, 750cr on private placement basis to be issued in one or more tranches from time to time. The private placement is for up to 27,500 Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures of the face value of Rs10,00,000/- each for cash aggregating upto Rs2,750cr to be issued in one or more tranches from time to time.
Asian markets trade flat; Shanghai Composite index up ~1% on the economic front, Japan will see October numbers for vehicle production today.
Asian markets opened in the negative territory in early trading and is trading flat now. Elsewhere in Asia, New Zealand, Indonesia are modestly lower, while Singapore and Taiwan are edging lower. Hong Kong and Malaysia are higher, while the Shanghai Composite index is up nearly 1%. On the international front, the media reports said that China’s industrial firms grew at the fastest pace in eight months in November. Industrial profits in November rose 5.4% from a year earlier to 593.9 bn yuan ($84.93 bn), compared to a 9.9% drop in October.
NAME OF THE STOCK: TATAMOTORS
DATE: 31/12/2019
SEGMENT: CASH
CHART TYPE: Candlestick
EXCHANGE: NSE
TECHNICAL INDICATORS USED : VOLUME.MACD, RSI.
INVESTMENT ADVICE:
CALL CS CALL: BUY TATAMOTORS CASH NR CMP 183 TGT 191 SL 177
RATIONALE FOR ARRIVING INVESTMENT ADVICE :
We Provide Trading calls on the basis of the following key points:
1. Technical Analysis (Use of Candlestick Charts, Technical Indicators like: RSI, MACD, Stochastic, ADX etc,)
2. Fundamentals of the Company
3. Live Market News & Updates (Company related, Sector related, Economy related, political, Global news etc.)
4. Tracking of Market Data’s (GDP, IIP, CPI, WPI, TRADE BALANCE etc.)
5. Tracking of Market Events like (RBI POLICY, FED POLICY, ECB MEETING, and OPEC MEETING etc.)
6. Tracking of Market Trends like Bullish Trend, Bearish Trend, and Consolidation etc.
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We Provide Trading calls on the basis of the following key points:
1. Technical Analysis (Use of Candlestick Charts, Technical Indicators like: RSI, MACD, Stochastic, ADX etc,)
2. Fundamentals of the Company
3. Live Market News & Updates (Company related, Sector related, Economy related, political, Global news etc.)
4. Tracking of Market Data’s (GDP, IIP, CPI, WPI, TRADE BALANCE etc.)
5. Tracking of Market Events like (RBI POLICY, FED POLICY, ECB MEETING, and OPEC MEETING etc.)
6. Tracking of Market Trends like Bullish Trend, Bearish Trend, and Consolidation etc.
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