Zee Business Stock, Trading Guide: What you need to know before the market opens on September 16, 2022 – Zee Business | Jewelry Dukan

Stock exchange today, September 15, 2022: Indian equity markets closed lower on Thursday, the day of the weekly expiration. While the BSE Sensex closed at 59,934.01, nearly 412.96 points, or 0.68 percent, below Wednesday’s close, the 50-component Nifty50 index traded at 17,877.40, 126, or 0.70 percent below the last close.

In the 30-part BSE Sensex, 7 stocks were winners at the close. The remaining 23 were losers. In the 50-stock Nifty50 index, 11 stocks rose while 39 fell.

Bank Nifty ended at 41209, down nearly 200 points since Wednesday’s close.

Meanwhile, the listing of Tamilnad Mercantil Bank IPO witnessed a weak listing. the stock closed today at Rs 510 versus the issue price of Rs 525. Zee Business Editor-in-Chief Anil SInghvi had advised investors not to put any money into this issue. Harsha Engineering’s IPO was subscribed to over 10 times on Thursday on the BSE. The editor-in-chief has advised investors on big listing wins and long-term investments.

Zee Business Stock, Trading Guide: Top Triggers

1) An eventful day in equity markets as the session remained very volatile on the expiry date. Mixed signals came from US markets for domestic markets. Domestic leads saw significant selling by foreign institutional investors (FIIs).

2) Bank Nifty set a new record today, hitting highs of 41840 followed by strong profit bookings, Singhvi said.

3) The pressure could be attributed to FII selling followed by a lackluster performance from global markets, he said.

4) Amid high volatility, traders have little confidence to hold their positions overnight.

5) All was not bad as broader markets saw good action. The Nifty Mid Cap Index ended in the green while the Small Cap Index ended almost flat. There are measures for two-way trading with traction on select stocks.

6) Expert Avinash Gorakshkar of Profitmart Securities said markets are bearish due to FII sell-off.

7) The FII sold shares valued at Rs 1270.68 Cr while the Domestic Institutional Investors (DIIs) sold Indian shares valued at Rs 929 Cr.

8) The Federal Reserve’s monetary policy announcement, scheduled later this month, will be followed with close attention, followed by the Reserve Bank of India’s (RBI) MPC in October, Gorakshkar said. While the Fed is expected to hike rates by 75 basis points, a 100 basis point hike could prove to be a negative surprise.

9) His advice to investors is to focus on stock-specific measures as indices may show volatility.

10) He recommends buying Associated Alchohols Breweries stock for the long term. It was recommended at a price of 473 rupees for a price target of 600 rupees, Gorakshkar said. He has a prospect of 12-15 months.

11) Bulk deal: 3 companies sell PVR shares worth Rs 759.14 crore – 40.45 lakh shares dumped: Three separate companies sold 40.45 lakh shares of multiplex operator PVR worth Rs 759.14 crore through open market transactions on Thursday. Plenty Private Equity FII I sold 7,62,499 shares of the company at an average price of Rs 1,877.14 per share, according to bulk transaction data available on the BSE. Plenty Private Equity Fund I sold 10,76,259 shares of the company at an average price of Rs 1,887.04 and Gray Birch Investment sold 22,06,743 shares at Rs 1,871.18 each. Gray Birch Investment sold its entire interest in the company. According to the Company’s June Quarter shareholding pattern available on the BSE, Gray Birch Investment held 22,06,743 shares or 3.61 percent as a public shareholder, while Plenty Private Equity FII I held 15,24,998 shares or 2.50 percent interest in PVR. Plenty Private Equity Fund I held 21,52,517 shares or a 3.52 percent interest in the company. Shares of PVR fell 4.40 per cent to trade at Rs 1,844.50 a share on the BSE.

12) Indian markets will align with US markets and FII and DII data, Singhvi said.

13) Nifty50 will find its support between 17775-17850 while resistance at 18000-18075, said Singhvi with profit booking at those levels.

14) As for Bank Nifty, resistance is seen at 41400-41600 at which levels profit booking is likely, while support lies at 40875-41000, the market guru said.

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15) There will be stock-specific cash market action, Singhvi said.

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