Tech View: Nifty support shifts near 21,600. What traders should do on Friday
The market is now placed at the hurdle of a down-sloping trendline that connected recent lower highs at 21,725 level. Having shown a false downside breakout at 21,500 level on Wednesday, Nifty is expected to reach up to the upper trajectory of 21,750-21,850 levels in the near term.
Jyoti CNC GMP falls sharply on last day despite strong response for IPO
The Jyoti CNC Automation’s shares are trading with a premium of Rs 45, down from 75 the previous day. The IPO was priced in the range of Rs 315-331 apiece. In the public offer, the retail portion was booked nearly 21 times, followed by NIIs at 19.31 times.
Tokyo’s Nikkei closes above 35,000 for first time since 1990
The benchmark Nikkei 225 index rose 1.77 percent, or 608.14 points, to 35,049.86 — the first time the index has risen above the 35,000 mark since February 1990 — while the broader Topix index added 1.57 percent, or 38.39 points to 2,482.87.
Technical Stock Pick: Breakout from Cup and Handle pattern on Naukri makes it an attractive buy
Short-term traders can look to buy the stock for a possible target of 5900 in the next 6-8 weeks, suggest experts.
Tech growth woes pose risk to Dalal Street’s sizzling rally
Slowdown in revenue growth for Indian tech shares threatens stock surge. Profit estimates for Indian companies are moderating, with growth at 17.7%. Infosys and Tata Consultancy Services to report slow sales growth. Reduced spending and slower revenue conversion are likely to dent investor optimism. Weakness in the services industry can impact the broader economy.
Hot Stocks: Brokerage view on HCL Technologies, Zomato, Bank of India and Bharti Airtel
Jefferies maintained a buy rating on Bharti Airtel and raised the target price to Rs 1300 from Rs 1085 earlier. The brokerage firm retained an underperform rating on Indus Tower but raised the target price to Rs 160 from Rs 150 earlier.
F&O stocks to buy today: RIL, Voltas among top 9 trading ideas
On the weekly options front, the maximum Call OI is placed at 21,800 and then towards 22,000 strikes while the maximum Put OI is placed at 21,500 and then towards 21,600 strikes.
Big movers on D-Street: What should investors do with HCL Tech, Delta Corp and Manappuram Finance?
Stocks that were in focus included names like HCL Tech, which rose 2.03%, Delta Corp, which jumped 2.9%, and Manappuram, whose shares declined 4.8% on Wednesday.
Creditors vote to liquidate Gayatri Projects after rejecting sole bid
Mark AB was offering a total of ₹650 crore, of which only ₹50 crore was upfront cash, ET had reported in October. It was the only serious offer lenders had received, which has now been rejected because of its low value.
Manappuram tanks on Sebi hold on Arm’s IPO
The Securities and Exchange Board of India said in a report published on January 5, it had put Asirvad’s issue ‘Under Abeyance’. Manappuram owns a 97.6% stake in Asirvad Microfinance which had filed a prospectus to raise ₹1,500 crore in October, 2023. The IPO would have unlocked value in the subsidiary, said analysts.