BAJAJ BROKING

Notification
No new Notification messages
Vishal Mega Mart IPO is Open!
Apply for the Vishal Mega Mart IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Share Market Today | Gift Nifty Signals Weak Opening, Nifty to Consolidate

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Today’s share market features Suzlon Energy acquiring 51% of Renom, making it a subsidiary. RBM Infracon secures a ₹3,498 crore order from ONGC. Mazagon Dock gets a ₹1,486 crore subsea pipeline project. Ami Organics passes GMP inspection in Surat. FIIs net sell ₹620.95 cr, DIIs buy ₹2,121.53 cr.

Latest Market News

  1. Suzlon Energy acquires 51% of Renom's equity share capital. With the said acquisition, Renom has now become a subsidiary of the company.

  2. RBM Infracon bagged an order worth Rs 3,498 crore including Rs 3,371 crore for crude and Rs 127 crore for gas at Nandej from Oil & Natural Gas Corporation.

  3. Mazagon Dock received an order worth Rs 1,486 crore from Oil & Natural Gas Corporation. The order is for a subsea pipeline replacement project on an engineering, procurement and construction (EPC) reimbursable basis.

  4. Ami Organics announced the completion of good manufacturing practices (GMP) inspection by the Pharmaceutical and Medical Devices Agency Japan for the company's manufacturing facility unit at Surat. The result declared the said facility as GMP compliant.

  5. FIIs net sold ₹620.95 cr while DIIs net bought ₹2,121.53 cr in equities on Friday.

SUZLON ENERGY LIMITED

Trade

65.5-0.19 (-0.28 %)

Updated - 13 December 2024
65.50day high
DAY HIGH
65.50day low
DAY LOW
33619161
VOLUME (BSE)

In-Depth Market Insights: Global Outlook, Derivatives & More

US Share Market News

  1. Performance Overview:

    • The S&P 500 dropped 1.7 per cent to close out its worst week since March 2023. 

    • Technology stocks witnessed a sharp decline after a highly anticipated update on the US job market came in weak enough to add to worries about the economy.

    • This week, investors will watch out for two key inflation reports that could further inform the Federal Reserve’s decision at its next open market committee meeting. 

    • August’s consumer and producer price reports are slated for release on Wednesday and Thursday morning, respectively

  2. Sector-Specific Movements:

    • Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6 per cent. 

    • The Dow Jones Industrial Average dropped 410 points, or 1 per cent, after erasing a morning gain of 250 points.

  3. Economic Indicators:

    • The US market started the month of September on a weak note with benchmark indices witnessing a sharp decline last week. 

    • The S&P 500 tumbled 4.3%. The Nasdaq Composite plunged 5.8% for its worst weekly performance since 2022, while the 30-stock Dow Jones dropped 2.9%.

    • These declines came after the August jobs report stoked fears of a slowing labour market. 

    • Economic data released Friday revealed that nonfarm payrolls grew by just 142,000, missing the 161,000 gain expected by economists surveyed by Dow Jones. 

    • On the other hand, the unemployment rate ticked lower to 4.2%, as economists had expected.

Other Asset Classes

  1. Treasury Yields:

    • Treasury yields fell Friday after August’s nonfarm payrolls report showed an easing labour market, fueling concerns of an economic slowdown. The yield on the 10-year Treasury was 1 basis point lower at 3.723%.

  2. Currency:

    • The dollar edged up in volatile trading on Friday to close at 101.17 levels.

  3. Commodities:

    • U.S. crude oil hit the lowest level since June 2023, putting the benchmark on pace for its worst week in nearly a year, as OPEC+ has failed to reassure the market about the global supply and demand balance. 

    • U.S. crude hit a low of $67.17 earlier in the session and shed 8% for its worst week since October. The Brent global benchmark has fallen 9.8% last week.

    • Gold prices fell on Friday, retreating from near-record levels reached earlier after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month. 

    • Spot gold fell 0.8% to $2,495.85 per ounce.

Asian Markets

  1. General Trends:

    • Traders in Asia will assess Japan’s revised GDP figure for the second quarter and China’s consumer price index report coming Monday.

  2. Specific Index Performance:

    • Asia-Pacific markets fell on Monday morning trade with Japan’s Nikkei 225 leading losses in the region, following the weaker-than-expected U.S. jobs report on Friday.

    • The Nikkei lost 3% while the broad-based Topix fell 2.79%. South Korea’s Kospi fell 1.99% while the small-cap Kosdaq was down 1.72%. 

India Market Outlook

  1. GIFT Nifty Projection:

    • Gift Nifty suggests a negative opening for the Indian market amid weak global cues. 

    • Nifty spot after a negative opening is likely to consolidate in the range of 24650-24970.

  2. Market in Previous Session:

    • Sensex and Nifty closed over 1% lower on Friday amid weak global cues. 

    • Nifty 50 fell 1.5% last week, marking its worst performance in three months. 

    • The Sensex was down 1,017 points or 1.2% at 81,183 and the Nifty was down 292 points at 24,852. 

    • The broader indices also witnessed a sharp decline with the Nifty Midcap and small cap closed Friday session down by 1.6% and 1.3% respectively. 

    • The Nifty PSU Bank index emerged as the hardest hit among sectoral indices, falling 3.6%.  Oil & Gas and Banking sectors stocks also witnessed a sharp decline.

  3. Nifty Short-Term Outlook:

    • The index has formed a sizable bear candle with a lower high and lower low signaling continuation of the corrective decline. The index in the process declined for the fourth consecutive session. 

    • Going ahead, we expect the index to consolidate in the range of 24400-25300 thus forming a base for the next leg of up move.

    • Structurally, retracement of the rally is a normal phenomenon amid the bull market and offers an incremental buying opportunity. 

    • Nifty has key support placed at 24400-24500 levels, which we expect to hold, being the confluence of the 50-day EMA and the 61.8% retracement of the ongoing rally (24100-25333).

  4. Intraday Levels:

    • Nifty: Intraday resistance is at 24,970 followed by 25,090 levels. Conversely, downside support is located at 24,720, followed by 24,610.

    • Bank Nifty: Intraday resistance is positioned at 50,900, followed by 51,180, while downside support is found at 50,170, followed by 50,000.

    • Fin Nifty: Intraday resistance is positioned at 23,600, followed by 23,730, while downside support is found at 23,380, followed by 23,250.

Derivative Market Analysis

  1. Nifty:

    • The highest call OI concentration has been noticed at the 25,200 level whereas the highest put OI concentration is seen 24000 level. 

    • Immediate call writing is seen at 25000 which will act as a resistance level. On the flip side, immediate put OI has been observed at the 24,500 level, which will serve as an immediate support level.

    • According to option chain analysis, the immediate range for Nifty is between 24,500 and 25,000.

    • The Nifty put-call ratio has decreased by 0.41 and is now placed at 0.92.

  2. Bank Nifty:

    • The highest call OI concentration has been noticed at the 51,500 level whereas the highest put OI concentration is seen 50000 level. Call writing is quite heavy between 51000 and 51500 suggesting a very strong resistance at the higher levels.

    • Immediate call writing is seen at 51000 which will act as a resistance level. On the flip side, immediate put OI has been observed at the 50,500 level, which will serve as an immediate support level.

    • According to option chain analysis, the immediate range for Nifty is between 50,500 and 51,000.

    • The Bank Nifty put-call ratio has decreased by 0.24 and is now positioned at 0.60.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point expert analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates in one place and make wise investment decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What exactly is the stock market, and how does it work?

Answer Field

The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

Why should I consider investing in the stock market?

Answer Field

Investing in the stock market offers the potential for long-term wealth growth, dividend income, portfolio diversification, and ownership stakes in successful companies.

How can I start investing in the stock market?

Answer Field

To begin investing in stocks, individuals can open a brokerage account, conduct research on companies and industries, and start building a diversified portfolio aligned with their investment goals and risk tolerance.

What factors should I consider before investing in stocks?

Answer Field

Important factors to consider include investment goals, risk tolerance, time horizon, market research, diversification, and staying informed about economic and market trends.

What are the risks associated with stock market investments?

Answer Field

Risks include market volatility, liquidity risk, company-specific risks, and the potential for loss of capital. It's essential for investors to assess their risk tolerance and diversify their portfolios accordingly.

How do I stay informed about daily market happenings?

Answer Field

You can stay informed by monitoring financial news websites, market analysis reports, earnings announcements, economic indicators, and utilising real-time market data provided by reliable brokerage platforms.

What is the difference between long-term investing and trading in the stock market?

Answer Field

Long-term investing involves holding stocks for extended periods, typically years or decades, with a focus on capital appreciation and dividend income. Trading involves buying and selling stocks more frequently, often based on short-term price movements.

How can I mitigate risks in the stock market?

Answer Field

Risk mitigation strategies include diversifying your portfolio, setting stop-loss orders, conducting thorough research, avoiding over-leveraging, and maintaining a long-term perspective on investments.

Are there any specific tax implications associated with stock market investments?

Answer Field

Yes, tax implications vary depending on factors such as investment duration, type of account (e.g., taxable brokerage account, retirement account), and realised gains or losses from selling stocks.

Can I invest in the stock market with a small amount of capital?

Answer Field

Yes, many brokerage platforms offer fractional investing or allow investors to purchase partial shares, enabling individuals with limited capital to start investing in the stock market with smaller amounts.

What are government bonds in India, and how do they work?

Answer Field

Government bonds in India serve as a financing tool for public initiatives, provided by the government. Investors buy these bonds, receiving fixed interest payments. They are a reliable option, offering security and predictable returns.

What are the benefits of investing in government bonds compared to other investment options?

Answer Field

Government bonds offer safety and stability, ideal for risk-averse investors. Compared to equities, they provide predictable returns, helping in portfolio diversification. Additionally, they are less volatile, making them suitable for long-term financial planning.

How can I buy government bonds in India, and what are the steps involved in the purchasing process?

Answer Field

To understand how to buy government bonds in India, investors can participate in Reserve Bank auctions, purchase through brokers, or invest in GILT mutual funds. A Demat account is necessary, followed by transaction completion on selected platforms.

What are the different types of government bonds available for investment in India?

Answer Field

India offers several government bonds, including treasury bills, sovereign gold bonds, and long-term bonds. Each type has distinct tenures and interest rates, catering to different investment needs, from short-term liquidity to long-term stability.

How do I determine the best government bonds to invest in India based on my financial goals?

Answer Field

Choosing the best government bonds to invest in India depends on individual goals. Short-term bonds offer liquidity, while long-term bonds provide stability. Consider factors like maturity, interest rates, and inflation protection for tailored investment decisions.

What factors should I consider when evaluating government bonds for investment?

Answer Field

Key factors include interest rates, inflation trends, and bond maturity. Evaluating these aspects helps in aligning bond choices with financial goals, especially for conservative portfolios. GILT mutual funds diversify risks across multiple government bonds.

How can I invest in government bonds through the online platform or through a broker?

Answer Field

Investors can invest in government bonds via online platforms, brokers, or banks. Online options facilitate participation in auctions and secondary markets, offering a streamlined process for how to invest in government bonds conveniently.

What are the tax implications of investing in government bonds in India?

Answer Field

Interest from government bonds is taxed according to the investor’s income bracket. However, some bonds may offer tax benefits. Understanding these implications helps optimise returns when considering how to invest in government bonds.

Are there any risks associated with investing in government bonds in India?

Answer Field

Although government bonds are low-risk, they are subject to interest rate fluctuations and inflation, which can impact returns. Understanding these risks is essential when considering how to invest in government bonds effectively.

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text