It’s Thursday and the Indian indices have witnessed high volatility like ‘thunderstorms’ raining down on the world.
While the previous session maintained steady the previous session has set a course for a volatile trading session, however, they have ended on a positive note.
So what’s next for the market?
Without further adieu, let’s get started!!
Nifty witnessed a highly volatile session but ended on a positive note!! What’s next for the market?
Buy Around – 19680 | Stop Los – 19550 | Target – 19810 |
Nifty had opened the gap up and tested the level of 19491 levels. This has led to a highly volatile trading session but it has ended on a positive note.
It has formed a hammer candlestick pattern and traders can expect upside movements!!
Bank Nifty tests higher levels amidst a highly volatile session. Will it be able to go higher?
Buy Around – 44800 | Stop Loss – 44500 | Target – 45100 |
Bank Nifty started off the session with the gap down, and tested the 44207 level, thereby leading towards a highly volatile session.
However, as the day progressed into the evening session, it began to recover slowly.
It has formed a hammer candlestick pattern and traders can expect upward movements.
Trending Equity News:
Here are the companies making waves in the market today!!
Tata Consultancy Services:
The country’s largest IT services company has entered into a strategic partnership with the digital unit of JLR. TCS will work with JLR to develop a new, strategic IT architecture that is prepared for the future and will assist JLR’s Reimagine initiative. The new alliance, is estimated to be worth £800 million over the following five years.
Reliance Industries:
Subsidiary Reliance Retail Ventures has signed a joint venture with Alia Bhatt’s kids and maternity-wear brand, Ed-a-Mamma for a 51 per cent majority stake.
Hero MotoCorp:
The electric vehicle maker has raised Rs 900 crore from its existing investor Hero MotoCorp and GIC, through a rights issue. The company intends to use the funds for the introduction of new products as well as the growth of its retail network and charging infrastructure.
Tata Consumer products:
The Tata Group company sent a clarification note to exchanges on the Reuters news saying Tata Consumer is in talks to buy at least 51% stake in Haldiram’s. The company said they are not in negotiations for a stake in Haldiram, while Haldiram also denied stake sale reports, saying not in talks with Tata Consumer.
Solara Active Pharma Sciences:
Spiracca Ventures LLP has bought an additional 7.36 lakh shares or 2.04% stake in the pharma company at an average price of Rs 367.46 per share. However, promoter Karuna Business Solutions LLP was the seller in the block deal, against its 2.34% personal shareholding in the company as of June 2023.
That’s all folks!!
We’ll be back with more content soon.
Until then, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease