GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian markets managed to close in the green for the seventh consecutive trading session on Tuesday, which suggests there is continued buying interest in domestic equities. Analysts expect the market to continue with a gradual up-move on the back of FII inflows, strong INR and positive cues from the US market. STATE OF THE MARKETS Tech View: Immediate support is placed at 23,600, and a decisive drop below this level could drive the index toward 23,300. On the upside, resistance is at 23,800, and a breakout above this level may resume the rally. India VIX: India VIX, which is a measure of the fear in the markets, rose 0.7% to settle at 13.79 levels. Stocks in F&O ban today 1) Manappuram 2) Hindustan Copper Live Events 3) Polycab4) IndusInd Bank5) SAIL Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. FII/DII action Foreign portfolio invest...

[hfe_template id='11223'] [ad_1] Seven stocks are under F&O trade ban on Friday viz. Bandhan Bank, Chambal Fertilizers & Chemicals, Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, NMDC, PVR Inox, RBL Bank and Steel Authority of India (SAIL). The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 92.3% on Thursday with OI reported by Trendlyne at 83 million. It was down by 2.4% from the previous session. The MWPL for Granules India stood at 91.2% on Thursday with OI reported by Trendlyne at 14.9 million. It was down 2.7% from the previous session. Hindustan Copper reported MWPL at 88.6% on Thursday with OI reported by Trendlyne at 38.2 million. It was do...

[hfe_template id='11223'] [ad_1] Shares of metal companies like National Aluminium surged 4.7% to its fresh 52-week high of Rs 21.40 while those of SAIL rallied 3.5% to day’s high of Rs 144.20 on the BSE as People’s Bank of China (PCoB) announced that it would cut the amount of cash that banks must hold as reserves (reserve requirement ratio or RRR) by 50 basis points. This is the second reduction this year, which is aimed at bolstering the faltering economic growth of the country. The People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio. The move took effect Friday and was flagged on Tuesday by PBOC Governor Pan Gongsheng at a press conference, alongside cuts in several key interest rates and measures supporting capital markets aimed at stimulating economic activity amid persistent deflationary pressures. The world's second-largest economy is the largest consumer ...

[hfe_template id='11223'] [ad_1] Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M Financial, PVR Inox, Max Financial, Tata Steel, and SAIL. SAMEET CHAVAN, HEAD RESEARCH TECHNICAL & DERIVATIVES, ANGEL ONE Where is Nifty headed this week? The small-bodied candle formations suggest that the bulls may be reaching their limit and could be waiting for an external trigger to continue their momentum. As the Nifty ventures into uncharted territory, it becomes challenging to identify the intermediate resistance. However, with the recent developments, 23,650-23,700 seem to pose a significant challenge, and a decisive closure could potentially trigger the next leg of the i...

[hfe_template id='11223'] [ad_1] Seven stocks are under F&O trade ban on Wednesday viz. Balrampur Chini Mills, GNFC Hindustan Copper, India Cements, Piramal Enterprises, SAIL and Sun TV Network. While GNFC and Piramal Enterprises are new entries in the ban list, GMR Airports Infrastructure managed to come out of the ban on Wednesday. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban. The MWPL for Balrampur Chini Mills stood at 106.4% on Tuesday with OI reported by Trendlyne at 10.7 million. It was down by 0.21% from the previous session.The MWPL for GNFC stood at 102.2% on Tuesday with OI reported by Trendlyne at 7.3 million. It was up by 2.84% from the previous session.The MWPL for Hindustan Copper stood at 93.1% on Tue...