• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Sunday, January 29, 2023
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business

Market Live: Indices off day’s high with Nifty below 11,600; metal stocks outshine

Donna Gilbert by Donna Gilbert
August 31, 2022
in Business, Market
0
Market Live: Indices off day’s high with Nifty below 11,600; metal stocks outshine

All the sectoral indices are trading in green led by metal, energy, infra, IT, pharma and auto.

Market Live: Indices off day's high with Nifty below 11,600; metal stocks outshine 1

Article Summary show
READ ALSO
Intz Stock: What Is It
What is Meant by Pure Endowment?

READ ALSO

Intz Stock: What Is It

What is Meant by Pure Endowment?

Buzzing: Capacity Infraprojects shares gained 1.5 percent after Emkay initiated coverage with a buy call and target price at Rs 288, implying 28 percent potential upside from current levels.

Suven Life Sciences secures product patents: Suven Life Sciences secured 1 product patent each from Eurasia, Europe, South Korea, and Sri Lanka corresponding to the New Chemical Entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2034.

Zydus receives final approval from USFDA: Zydus Cadila has received the final approval from the USFDA to market Ambrisentan Tablets USP (US RLD —Letairis Tablets), 5 mg and l0 mg.

Cox & Kings signs contract: Cox & Kings owned MEININGER Hotels signed a contract with a German property developer for a new project in Stuttgart.

L&T announces new strategic initiative: Larsen and Toubro have announced a new strategic initiative, L&T-Next, to define the future of the organization from a fresh perspective. It has been identified as a select initiative in L&T’s five-year strategic plan.

Market Update: Benchmark indices erased all its early gains and trading at day’s low point.

At 11:03 hrs IST, the Sensex is up 39.32 points at 38585.04, while Nifty is up 15.30 points at 11585.30. About 1153 shares have advanced, 861 shares declined, and 130 shares are unchanged.

Highest Roll Spread

The Nifty is starting the new series with 16.9 million shares, which is relatively higher than the open interest seen at the inception of the last series. Continued positive momentum in the Nifty may be the reason behind fresh build up of open interest in the next series. However, the roll spread in the Nifty inched further high and ended around 100 points. The current roll spread is one of the highest ever seen in the Nifty in points terms. Data indicates continued rollover of long positions in the index

The Bank Nifty is also starting the new series with significantly higher open interest compared to the last series. OI at inception is highest since August 2018 for Bank Nifty. The roll spread in banking index also remained high around 130 points during settlement. (Source: ICICIDirect).

Rollovers

The Nifty rolls were near 66.73 percent, higher against 3-month (3M) average of 62.94 percent. Market-wide rolls were at 85.4 against the 3M average of 85 percent.

The highest rollover was seen in Wockhardt, OFSS, United Breweries, GSFC and Heat while rollover activity was relatively low in RBL Bank, Arvind, Marico, Petronet and Container Corporation.

Among index stocks, Sun Pharma, Yes Bank, Grasim, and Titan witnessed high rolls into the April series while HDFC Bank, L&T, Gail and JSW Steel witnessed relatively low rolls into the next series. (Source: ICICIDirect)
Weak Debut

State-owned e-commerce firm MSTC’s shares listed on March 29 at a discount to the issue price despite positive market sentiment. The tepid response to the issue and reduction in price band could be the reason for the weakness in stock price.

The stock opened at Rs 115 on the National Stock Exchange, 4 percent lower than the issue price of Rs 120 while on BSE, it started the trade at Rs 111, a discount of 7.5 percent.

Credit Suisse on Bank of Baroda: The research house maintained an underperform rating but raised the target to Rs 115 from Rs 105 per share.

It remains cautious on slower growth and awaits further clarity on outlook & management continuity at the merged company.

Research house cut EPS estimate by 23-38% as it incorporates merged numbers.

Buzzing: Shares of Andhra Bank surged almost 2 percent after the public sector bank issued equity shares worth Rs 3,256 crore to the government.

Gold Update: Gold inched up on Friday, but was on track for its first weekly decline in four weeks after posting its steepest fall in more than seven months in the previous session on a strong dollar.

PNB to offload its stake in PNB Housing: Punjab National Bank has entered into agreements for sale of 1,08,91,733 equity shares held in PNB Housing Finance (PNBHF) to General Atlantic Group at a per share price of Rs 850 aggregating to Rs 925.80 crore.

Also, the sale of 1,08,91,733 equity shares held in PNBHF to VardePartners at a per share price of Rs 850 aggregating to Rs 925.80 crore.

Meanwhile, PNB would continue to hold a strategic stake of 19.78 percent of the paid-up capital of PNBHF.

Related Posts

Intz Stock: What Is It
Stock

Intz Stock: What Is It

January 28, 2023
What is Meant by Pure Endowment?
Money

What is Meant by Pure Endowment?

January 23, 2023
South Korean Culture Business – Why You Should Start One
Business

South Korean Culture Business – Why You Should Start One

January 23, 2023
Can You Make Money From Day Trading?
Money

Can You Make Money From Day Trading?

January 7, 2023
The Pros and Cons of Availing a Commercial Business Loan
Business

The Pros and Cons of Availing a Commercial Business Loan

January 4, 2023
Your Car Insurance Claim May Get Rejected. Here’s Why & How to Avoid It
Money

Your Car Insurance Claim May Get Rejected. Here’s Why & How to Avoid It

January 3, 2023
Next Post
FREE small business workshops begin April 2, strawberries and more at the Market at Pepper Place

FREE small business workshops begin April 2, strawberries and more at the Market at Pepper Place

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • Intz Stock: What Is It
  • What is Meant by Pure Endowment?
  • South Korean Culture Business – Why You Should Start One
  • Live Cricket Streaming on Ten Sports
  • Technology in the Age of AI
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In