Sandeep Tandon on Adani effect on market and Budget impact
“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.”
No large shareholder has exited Adani Group; huge promoter debt unsubstantiated speculation, says CFO Jugeshinder Singh
“Every week on average, our portfolio makes about Rs 1,100 crore. This Sunday also, that number was achieved. Next Sunday it will be the same, the following Sunday it will be the same. We believe that it will become clear to investors that this short-term volatility will be addressed as we go through over the next few months.”
Adani's $2.5 billion share sale faces crucial day after Indian rout
Adani Group told Reuters in a statement on Saturday that the sale remains on schedule at the planned issue price, even as sources said bankers on the country's largest secondary share sale were considering extending the timeline beyond Jan. 31, or tweaking the price due to the fall in its share price.
SGX Nifty up 50 points; here's what changed for market while you were sleeping
The widespread positions in the options of Nifty 50 indicates the uncertainty over market direction among traders. The board range indicated by the options data is 17000-19000 range for the 50-stock index.
Adani confident of FPO sailing through; Sebi, other regulatory bodies probe selloff
In an interview to PTI, Singh said the group will release a comprehensive response to the Hindenburg report, "providing documentary evidence" to "clearly outline that there was no research done and that there wasn't any investigating reporting. Only pure baseless misrepresentation of factual situations, if not lies." The selloff in Adani stocks is being looked into by market regulator Sebi and stock exchanges.
Adani kicks off $2.45 billion share sale while under short-seller attack
Adani Group has repeatedly faced and dismissed concern about debt levels. It defended itself in a presentation titled "Myths of Short Seller" on Thursday, saying deleveraging by promoters - or key shareholders - was "in a high growth phase".
Trade Spotlight: What should you do with Persistent Systems, AIA Engineering, SAIL on Friday?
SAIL was up 1.5 percent at Rs 92.1, the highest closing level since May 5, 2022 and formed decent bullish candle on the daily charts with higher high higher low formation for second consecutive session. It has given a nice breakout of 'Mother Candle' formed on January 2 in previous session and maintained uptrend for yet another session, with strong volumes.
Stocks to buy today: 7 short-term trading ideas by experts for 19 January 2023
On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.
World Bank's recession warning: Should equity investors be fearful now?
Analysts also point that being a forward-looking animal, the market would have already factored in global recession worries as investors were aware of this high probability event since the past few months.
Take trading bets; aluminium stocks better than steel in metals: Rakesh Arora
“Our experience in India shows that revenge spending is largely driven towards services, travel which are not very commodity intensive. When we are talking about housing, Chinese companies have huge inventory and the developers are not in a state to really push up construction. So there would be revenge buying which will not be commodity focussed and to that extent I am not that bullish on this thesis.”
#SAIL - The stock has broken from its resistance level with good volume. The target should be along the Fibonacci levels towards it previous high of 112. The stop loss can be around 80 levels.
Metal stocks ring loud with China easing Covid curbs
The Sensex and Nifty advanced by 0.6% each, their second day of gains after taking a beating last week when they had fallen by 2.7% each. Shares of Jindal Steel gained 9% with cash volumes expanding five times their last one-month average and traders squaring off bearish bets.
Jolly Christmas! 85% chance of Santa rally in Nifty, shows 2-decade history
While Nifty has plunged around 3% so far in December, historical trend indicates that the festive spirit may soon overpower bears. In the last 20 years, Nifty has ended on a positive note in December for 80% of the time. December has the highest average monthly returns of 3.2%, Samco Securities said.
Abans Holdings IPO: Here's how to check allotment status
The quota reserved for retail bidders was subscribed merely 40%, whereas HNI quote fetched 1.48 times bids. The allocations for institutional bidders were booked 4.10 times.
Three SAIL projects worth over Rs 1,500 crore face delay: Faggan Singh Kulaste
According to the minister, installation of new sinter plant is being done at an investment of Rs 1,111 crore, while rebuilding of coke oven battery (COA) 8 is being carried out for an investment of Rs 285 crore at SAIL's steel plant in Bokaro, Jharkhand.
3 reasons why SAIL is one of the most expensive metal stocks
SAIL has been losing market share for the past 15 years to the aggressive private trio (JSW, JSPL, and Tata Steel). SAILs volume has grown by a mere 2.1% CAGR over 2007-22 against the industry at 5.4% CAGR, resulting in its market share declining from 25% to 16% over 2007-22.
Jyotiraditya Scindia on steel duty rollback, retaining export market and infra push
“I do feel that the export markets where Indian steel has a footprint, definitely need to be retained because customer acquisition is the most expensive part of a value strategy. The second most important part is customer retention. Though removal of the export duty may not yield dividends in the immediate or short term, I am very confident that our companies will regain their international footprints in the medium term.”
Steel sector – Export duty cut a welcome step but with limited benefits
Experts suggest it would not be correct to state that the imposition of export duty was the only key reason for correction in domestic steel prices. It should be noted that prices were already in correction mode when the export duty was imposed.
ETMarkets Smart Talk | 2 bank stocks among 3 top ideas for this week from Vikas Jain
"Nifty50 tested the monthly pivot resistance near 18,400 levels and witnessed a sideways move in a narrow range holding its short-term 8-day average. The current consolidation at higher levels augurs well for the bulls, and we expect the index to scale an all-time high in the coming weeks. "
After muted IPO response, what’s in store for Five Star Business Finance on listing day?
The company, whose issue barely managed to sail through, is commanding negligible premium in the grey markets, compared to its issue price of Rs 474 apiece.
Chart Check: Multibagger in making? SAIL could rally more than 100% in next 12 months
The stock saw some selling pressure from the levels of Rs 151-63.50 in the period September 2021-June 2022 which was 61.80% retracement of its previous up move. In terms of price action, the stock price is trading above the crucial short- and long-term moving averages of 5,10,30,50,100 and 200-DMA which is a positive sign for the bulls.
SAIL : the counter has broken a triangle pattern and retested successfully now if sail sustain above 87.5 then good upside move can be seen in short term ..
Buy Steel Authority of India (SAIL), target price Rs 90.5: Edelweiss
Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 34737.72 Crore) operating in Metals - Ferrous sector.
Hot Stocks | Here's why you should bet on New India Assurance, SAIL for short term
Traders are advised to continue with an optimistic approach and now, with other sectors chipping in, we expect a good broad-based buying in the forthcoming week.
Sail is in breakout zone of 84/85. This prices has been tested thrice in last 6 months. Either you buy at 73 levels or buy above 85 levels for a target of 84/100/105