Friday, December 20, 2024 | 09:47 PM ISTEN Hindi

MARKET WRAP: Benchmarks flat, mid-caps rally; RIL up 3% ahead of Q3 nos

All that happened in the markets today

SI Reporter New Delhi

9:16 AM

Market at Open

9:04 AM

Top gainers and losers on S&P BSE Sensex during Pre-open

9:04 AM

Market at Pre-open

9:03 AM

Market at Pre-open

9:02 AM

NEWS ALERT | DHFL 's lenders met on Thursday to deliberate on sale process of co: sources to CNBC TV18

>> Seek RBI's advice on deal structure for sale of DHFL

>> Lenders to soon vote on proposal to divide the co in 3 parts; to invite 3 separate bids

>> Retail, Wholesale, Slum Rehab project loan book of DHFL likely to be sold separately.

>> Apollo Capital, Cerberus, and Adani Group among contenders for company

>> Creditors have made claims for Rs 86,892 cr

9:01 AM

Rupee opening

Rupee opens weaker at 70.99/$ vs Thursday's close of 70.91 against the US dollar

8:58 AM

Small-caps set for biggest rally in nearly 10 months on rising demand

Shares in the broader market are witnessing huge buying interests and are poised for their biggest gains in nearly 10 months. In the past one month, the Nifty SmallCap 100 index has rallied 11 per cent — the most since September 2019. READ HERE

8:55 AM

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

NIFTY: BUY | TGT: 12,450 | SL: 12,295

Nifty closed well above the 12,300 levels and with that the probability of taking off the crucial hurdle of 12,400 has become quite high. The daily as well as weekly momentum indicator MACD is well in the buy mode and the hanging man candlestick pattern has been negated, hence the probability of an upside is high. READ MORE

8:54 AM

Derivatives strategy by HDFC Securities: Buy Manappuram Finance Jan Futures

Bull Spread strategy on MANAPPURAM FINANCE

Buy Manappuram Finance January 185 Call at Rs 5.25 & simultaneously sell 200 call at Rs 1.25

Lot Size 6,000

Cost of the strategy Rs 4 (Rs 24,000 per strategy)

Maximum profit Rs 66,000 If Manappuram Finance closes at or above 200 on January expiry.

Break even Point Rs 189 READ MORE

8:52 AM

Stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

BUY BIOCON

CMP: Rs 287.80

TARGET: Rs 320

STOP LOSS: Rs 278

The stock has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength and has potential to rise further in the coming days. The RSI has shown a trend reversal to signal a buy and with the chart looking attractive, we suggest to buy this stock for an upside target of Rs 320 keeping the stop loss near Rs 278. READ MORE

8:49 AM

Commodity view by Bhavik Patel of Tradebulls Securities

Buy Copper | TGT: 462 | Stoploss: 446

Copper has given crossover of 20 and 50 EMA. RSI_14 is steady at 66 with no divergence and recent pull back from 453 to 446 was supported by 200 EMA. Copper is poised to test the resistance of 460 as, since August 2019, it has tested 3 times this level and fallen back. So given the historic pattern formation, we expect the current rally to atleast test till the levels of 460 and if it manages to close above that level, then the rally can get extended till 462-465. So buy at current levels for expected upmove till 462 and stoploss of 446 closing basis. READ MORE

8:47 AM

NEWS ALERT | China's GDP grew 6% YoY in the fourth quarter of 2019: Reuters

>> Economic growth slowed to its weakest in nearly 30 years in 2019

>> Full-year growth at 6.1%, the slowest annual rate of expansion China has seen since 1990.

>> Analysts had expected it to cool from 6.6% in 2018 to 6.1%

8:44 AM