You are currently viewing Notification by Capitalinvestopedia | 05 March 2024 | Stock Market

Notification by Capitalinvestopedia | 05 March 2024 | Stock Market

News Headlines from Business News Agencies :

Business Standard :

πŸ“ Tata Motors plans to demerge business into two separate companies

πŸ“ Swan Energy’s natural gas business arm prepays Rs 2,206 crore debt

πŸ“ Govt’s AI advisory only for large platforms, not for startups: MeitY

πŸ“ At 4.3% in FY25, inflation may head lower than RBI forecast, estimates CMIE

πŸ“ RBI may launch interoperable payment system for internet banking in 2024

πŸ“ Investors should grab opportunity presented by India’s growth: CEO, Deloitte South Asia

πŸ“ Biocon Biologics gets green light to launch Yesafili biosimilar in Canada

πŸ“ British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings

πŸ“ Cadila Pharma launches quadrivalent influenza vaccine ‘Cadiflu Tetra’

πŸ“ Knight Frank India hires Harry Rogers as director of global capital markets

πŸ“ Godrej Properties to develop 62 acre township project in north Bengaluru

πŸ“ Microsoft to integrate Copilot AI in OneDrive cloud storage

Economic Times :

πŸ“ Navigating travel insurance for parents visiting the USA from India

πŸ“ EV infrastructure startup Gravity opens fastest charger in New York

πŸ“ Sajid Nadiadwala ventures into Marathi cinema, partners with Tejaswini Pandit

πŸ“ Nokia, Sterlite Technologies collaborate to enhance digital solutions for govt, enterprises

πŸ“ EU antitrust chief Margrethe Vestager to hold news conference, Apple in focus

πŸ“ Tesla has conducted site survey for Thailand EV facility, says government official

πŸ“ Pernod Ricard India appoints Gagandeep Sethi as head of sustainability & responsibility

πŸ“ Aon appoints Rishi Mehra as head of India

πŸ“ Lighthouse Funds invests Rs 229 crore in Safari Industries

πŸ“ BYD to launch its premium electric sedan, Seal, in India

πŸ“ India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says

Mint :

πŸ“ Moody’s upgrades India’s 2024 GDP growth forecast to 6.8%

πŸ“ RIL plans foray into pumped storage projects amid energy transition push

πŸ“ Latin America’s largest lender Itau eyes a share of India’s banking pie

πŸ“ JSL’s Hisar plant to be hub for green hydrogen production

πŸ“ Two-wheeler exports got a jump-start in February.

πŸ“ Italian luxury shoe brand Santoni to expand presence in India

πŸ“ Edtech firms bet on upskilling, higher education amid funding gloom

πŸ“ Google calls off contract with YouTube Music team that demanded better pay

πŸ“ LIC Housing Finance plans to raise funds through green bonds in FY25

πŸ“ MOIL achieved record production in February 2024, with sales growing by 18% YoY.

πŸ“ India to swap 2.5m tonnes of conventional urea with nano urea in FY24: Minister

πŸ“ EaseMyTrip, PNB collaborate to introduce PNB EMT co-branded credit card

STOCKS IN ACTION

Tata Motors: The company has approved a proposal to split the company into two separate listed entities for passenger and commercial vehicles as it looks to boost growth and improve accountability.

IIFL Finance: The Reserve Bank of India has directed the company to cease and desist from disbursing gold loans with immediate effect. However, the company can continue servicing its existing loans.

State Bank of India: The public sector bank has filed a plea before the Supreme Court seeking an extension of its March 6 deadline to furnish data pertaining to the electoral bonds scheme.

Macrotech Developers: The company has launched its qualified institutional placement to raise
Rs 3,300 crore.

AU Small Finance Bank: The Reserve Bank of India has approved the merger of Fincare Small Finance Bank with the company.

Jio Financials Services: Promoters Sikka Ports and Terminals, Jamnagar Utilities and Power will acquire up to 14 crore shares of the company.

Elantas Beck India: The company will enter into a contract manufacturing arrangement with
ACTEGA GmbH, a sister company of the ALTANA Group, to supply commercial shipments.

Brigade Enterprises: The company announced the launch of Dioro at Brigade El Dorado. The project size is around 6.1 million square feet, with a potential revenue value of Rs 380 crore.

Jindal Stainless: The company commenced the maiden usage of green hydrogen in its stainless-steel plant in Hisar, Haryana.

Easy Trip Planners: The company with Punjab National Bank has introduced the PNB EMT Co-branded Credit Card. This card offers rewards for travel-related spending, including flights, hotels, and holiday packages.

Cyient: The company partnered with Mass Medic to accelerate MedTech innovation.

Oil and Natural Gas Corp.: The company appointed Nandan Verma as the executive director.

NTPC: The company’s unit signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam for the development of renewable power parks and projects in Uttar Pradesh.

AGS Transact Technologies: The company’s digital payments brand Ongo has partnered with Patanjali Ayurved to launch open-loop cobranded prepaid cards. These prepaid cards can be accepted on any device on the Rupay network in India.

Tanla Platforms: The company announced the launch of Messaging as a Platform for Telcos to support Google Rich Business Messaging.

LT|Mindtree: The company’s product division, Fosfor, announced the launch of the Fosfor
Decision Cloud.

NBCC: The company’s unit received an order worth Rs 92 crore from the Post Graduate Institute of Medical Education and Research, Chandigarh.

Garden Reach Shipbuilders & Engineers: The company has signed a Memorandum of Understanding with the Indian Register of Shipping to develop green energy and autonomous
vessels.

Krishna Institute of Medical Sciences: The company will establish a new 300-bed multi-specialty hospital in Thane, Mumbai, with an investment of approximately Rs 500 crore.

Thomas Cook: The company’s subsidiary has acquired a 50% stake in 500 FT Investment L.L.C., UAE, to establish a travel-related business.

Mishtann Foods: The company has received in-principal approval from BSE for a proposed rights issue of equity shares for an amount not exceeding Rs 49.90 crore.

Jindal Stainless begins use of Green Hydrogen in Hisar’s Stainless Steel Plant in partnership with Hygenco

🟒 PRE-MARKET ANALYSIS (05/03/2024)

INDEX ACTION

Nifty:

Max Open Interest:
Calls: 23000
Puts: 22200

PCR: 1.25

Daily Expected Range (Accuracy 75%*): 22,115 – 22,697

Daily Pivot Support: 22,362- 22,319
Daily Pivot Resistance: 22,445 – 22,484

Weekly Pivot Support: 22,015 – 21,692
Weekly Pivot Resistance: 22,508 – 22,677

Bank Nifty:

Max Open Interest:
Calls: 49000
Puts: 47000

PCR: 1.21

Daily Expected Range (Accuracy 75%*): 46,626 – 48,286

Daily Pivot Support: 47,255 – 47,054
Daily Pivot Resistance: 47,593 – 47,730

Weekly Pivot Support: 46,185 – 45,083
Weekly Pivot Resistance: 47,865 – 48,444

GLOBAL MARKETS

US market closing

Dow Jones: πŸ”΄0.25%
Nasdaq: πŸ”΄0.41%
S&P 500: πŸ”΄0.12%

European markets closing

Euro Stoxx 50: 🟒0.32%
Britain’s FTSE: πŸ”΄0.55%
Germany’s DAX: πŸ”΄0.03%
France’s CAC: 🟒0.28%

The Australian stock market is currently trading with a gain of 0.05%

Asian markets live (noted at 7.00 am)

Japan’s Nikkei : πŸ”΄0.55%
Korea’s KOSPI: πŸ”΄0.25%
China’s SSE: πŸ”΄0.47%
Hong Kong’s Hang Seng: 🟒0.04%

STOCK ACTION:

Long Build Up
BHEL, SAIL, MGL, SUNTV, BEL

Short Build Up
NAUKRI, LALPATHLAB, INFY, SBILIFE, MOTHERSON
__

Cash and FnO Activity

Stock of the day

Bank of India

Buy Range – 136-141

Target – 156-165

Support- 127

Time Frame – Positional


Commodity & Currency Podcast for 05 March 2024

STOCK OPTIONS: BUY SUNTV 28MAR2024 CE 650
CMP 20.60
TARGET- 23.90/28.90
SL- 16.90
TIME FRAME-1-5 DAYS