Tag: Reliance share

Today’s Market Summarised

A day of net consolidation in the market. Nifty closing 

Nifty opened the day at 15,830 with a gap-up and moved up. In the first one hour of trade, Nifty went up to nearly 15,900 and found resistance there. From that level, it got trapped in a bearish channel, reaching 15,800 zones. The last hour fall took Nifty even lower, making it close at 15,772, up 26 points or 0.17%.

Bank Nifty opened the day at 35,099 and tried to move up but resistance was found near the 35,300 zone. Just like Nifty, it got stuck in a bearish channel, breaking the 35,000 mark and moving lower. Bank Nifty closed the day at 34,745, down 126 points or 0.36%.

Nifty Auto(+1.35%) was the only sector closing with a movement of more than 1%

Asian markets closed mostly mixed in the day, with Japan’s Nikkei gaining 3% after yesterday’s fall. European markets are all trading flat with not much change.

News Picks

Maruti(+5.3%) closed as Nifty 50’s top gainer as leading analysts said they expect demand recovery and pent-up demand in the automotive space. Commodity prices cooling down and chip-shortage issues being slowly resolved will also help the stock. Tata Motors and Ashok Leyland also gained 1% each.

Cement stocks moved up again, with South India cement prices set to increase, ShreeCem(+3.5%) and UltraTech Cements(+1.2%) featured in the top gainers. India Cements(+2%) also moved up.

Nifty IT stocks moved up in the morning with the rupee continuing its weakness. Wipro gained 2.66% even as some others closed in the red.

Shilpa Medicare has launched another first time in the world Oral Thin Film formulation, a pediatric dose of Paracetamol Oral Thin Film. The stock shot up after the news and then cooled down to close 2% up.

HFCL had applied for Rs 12,000 crore PLI scheme for telecom gear and manufacturing gears. The stock moved 25% in two days and closed the day at 13% up.

Subex Secure and Spire Solutions’s partnership won a project to help secure systems of a leading oil and gas company in the Middle East. It is to address the steep rise in cyberattacks and associated cyber risks in the region. Subex closed 6.8% up

Bharat Biotech’s Covaxin showed 77.8% efficacy in Phase-III trials. The company has tied up with Hester Bioscience and Panacea Biotech who both moved up and closed 5% up. 

HPL Electric and Power to install 4G and 5G compatible narrow band smart meters in parts of Delhi. Such good news and the stock closed 6% up. 

Paper stocks were in high demand. JK Paper(+13%), Orient Paper(+11%), West Coast Paper(+4.3%), Star Paper(+6.5%), Astron Paper(+8%), Andhra Paper(+4%), Emami Paper(+4.9%), Sesha paper(+7%) and Malu Paper(+7%) gained sharply in the day.

GMR Infra closed 5% up after giving a great multi-year breakout yesterday. 

Avanti Feeds reported Q4 consolidated net profit at Rs 69.7 crores, down 19% YoY and down 7% compared to last quarter. Bad results of Avanti Feeds moved competitor Venkey’s to close in the 20% Upper Circuit. 

Asian Paints promoter pledged 23 lakh shares or 0.24% stake on June 21. The stock closed 1.88% down.

Markets Ahead

HDFC Bank was looking really strong in the morning. Once it crossed the 1,500 level, it was respected for many hours before finally breaking down. Reliance was respecting the 2,250 level as well. 

But just afternoon, it was clear that the day was bearish. Just like we have been discussing, the bulls and bears are not letting each other win.

With this, Nifty has once again closed with net consolidation up by just 25 points. Today’s low is a good support zone for Nifty and can be watched.

The upside for this expiry looks to be limited with 16,000 looking like a task for next week. There are high call buildups across the market.

The oil rally is still going very strong, and India’s ONGC will surely benefit. Hedging against rising petrol prices with ONGC shares! Anyway, our fuel bills have been low for the past months with lockdowns.

Hope you had a great day in the market!

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

A clear trending day in the market, with Nifty shooting up from the day-open.

Nifty opened the day at 15,533 with a more than 150 points gap down. But from here, the index just kept on moving up till the end of the day. With a more than 260 point gain from the day-low, Nifty closed the day at 15,746, up 63 points or 0.40% near Friday’s high.

Bank Nifty opened the day at 34,141 and took support at the 34,000 zone. The index kept moving up, especially after 12:30 PM. With a 1,000 point move from day-low to day-high, the index closed near the top of the chart. Bank Nifty closed the day at 34,871, up 313 points or 0.91%.

Nifty PSU Bank(+4%) gained the most in the day, with more news from privatisation. Nifty Realty(+2.33%), Nifty Metal(+1.12%) were the other sectors that performed well. No other index moved up or down by more than 1%.

Asian markets closed mostly in the red today, with Japan’s Nikkei closing 3% in the red. European markets are all trading with gains after recovering from their morning fall.

News Picks

Adani Ports(+5.2%) once again closed as the top-gainer for Nifty. Adani Ent gained 3.5% in the day. 

All Adani stocks closed in the green today with most turning around from Lower Circuit to Upper Circuits. Adani Power, Adani Transmission, ATGL and Adani Green closed 5% up each.

NTPC closed 3.9% up, powered by the strong Q4 earnings posted on Saturday. 

UPL(-4.4%) continued to see profit booking from its all-time highs, and closed as Nifty 50’s top loser.

Central Bank Of India and Indian Overseas Bank have been shortlisted for PSU Bank Divestment. Both the stocks closed in the Upper Circuit of 20%. Many other PSU Banks saw strength after this, including PNB(+3.4%), IDBI(+2.6%), Union Bank(+5.2%), UCO Bank(+5%)and Canara Bank(+3.2%).

Indian Bank moved 3.9% up after announcing plans to launch a QIP( Qualified Institutional Placement) this week to raise Rs 2,500- 3,000 crores.

Bandhan Bank(+7.6%) opened with a gap-up and moved up after the Assam Government’s decision of providing relief as well as an incentive for MicroFinance loans. The bank has the highest market share in Assam.

Singapore International Commercial Court has confirmed the final value of Kiri’s 37.57% stake in Dystar Global Holdings at Rs 3,570 crores. KIRI closed 12% up.

Info Edge reported a 60% rise in Q4  standalone net profit at Rs 66.6 crores. The stock closed 1.84% up.

Many IT stocks featured in the top-losers even though Nifty IT went up from the gap-down opening. Wipro(-1.3%), TCS(-0.7%) and TechM(-0.7%) closed with small losses.

Maruti Suzuki will increase vehicle prices in the second quarter as it is facing a rise in input costs. The company said they are still highly impacted by this raw material price increase. Maruti(-0.8%), Tata Motors(-0.9%) and M&M(-0.6%) closed with small losses.

Cadila announced the extension of their Joint Venture with Bayer Group for 3 more years. The stock closed 1.4% up

Route Mobile has partnered with Truecaller to enable enterprises to enhance trusted communication using Truecaller Verified Business Caller ID. The stock closed 2.9% up.

SBI General Insurance announced its tie-up with IDFC First Bank(+1.5%) for selling insurance products.

MOIL rose sharply after receiving environment clearance for Gumgaon and Khodegaon manganese underground mines. The stock closed 7.4% up.

HDFC Bank to buy a 4.99% stake in HDFC Ergo from Housing Development Finance Corporation for Rs 1,906.43 crore. Parent company HDFC gained sharply from day-low.

After the market closed, OIL India(+0.7%) reported Q4 standalone net profit at Rs 848 crores, down 8% YoY and down 6% compared to last quarter. Recommended Rs 1.5/share as final dividend.

GMR Infra made a fresh 52-week high and closed 9.6% up. We had talked about a multi-year breakout setup in the stock last Tuesday.

Markets Ahead

The trend from Friday’s close continued in the day, with bulls taking up the market. Nifty took resistance at Friday’s high but Bank Nifty easily closed above it.

For HDFC Bank, it was a clearly bullish close as well which may continue on to tomorrow. As we talked on Friday, the bulls and bears have not been letting each other win.

But today’s strong close after the gap-down opening shows some strength. Many foreign banks including Credit Suisse and Morgan Stanley have also said that the bull run is likely to continue in the market, even if it may see some profit bookings.

Adani Group investors can also celebrate the day where all group stocks closed in the green again.

Will be watching Reliance and HDFC in the coming days as IT stocks including Infy have started consolidating.

Hope you had a great day in the market!

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

A V-shaped recovery in Nifty after the morning fall.

Nifty opened the day at 15,761 with a small gap-up and went crashing down. After consolidating a bit near yesterday’s low, the index once again fell sharply and reached 15,450 levels. In less than 2 hours of market opening, Nifty crashed more than 300 points.

But from here, the reversal came. The index just kept on moving up till the end and closed flat. Nifty closed the day at 15,683, down 8 points or 0.05%.

Bank Nifty opened at 34,738 and went down 830 points in 90 minutes. And just like Nifty and many other indices, it moved back up with a lot of power till the end of the day. Bank Nifty closed the day at 34,558, down 47 points or 0.14%. 

Nifty PSU Bank(-1.7%) was the biggest loser. No other index moved up or down by more than 1%.

Asian markets closed mostly flat today. European markets are all trading  with small losses.

News Picks

Adani Ports went up 7.33% in the day to close as Nifty’s top-gainer. It was the top-loser yesterday. Adani Ent(+8.5%) also moved up, while Adani Power, ATGL, Adani Green and Adani Trans closed 5% down each.

Bajaj Auto(+2.7%) and Eicher Motors(+1.26%) closed with gains in the top-gainers list.

With the company hinting at potential tariff increases, Bharti Airtel (+1.9%) moved up.

Hindustan Unilever(+2.7%) hit a 2-month high today and closed with good gains. The stock has now moved up 6.5% this week.

ONGC fell nearly 3.9% after crude oil prices cooled down. The state-run company is also facing protests from farmers in Tamil Nadu against the development of oil and gas fields at Vadatheru.

Other energy stocks including Coal India(-3.78%), NTPC(-3.28%) and PowerGrid(-2.86%) featured in the top-losers list.

Most metal stocks once again closed in deep red with JSW Steel(-3.7%), VEDL(-3.67%), SAIL(-3.35%) and Jindal Steel(-1.8%) leading the fall.

Idea moved up after reports of the company likely launching a QIP(Qualified Institutional Placement) soon to raise about Rs 5,000-7,000 crores. Moody’s also changed outlook ratings to stable for the company. The stock saw a beautiful intraday boom and closed 9.5% up. 

Aster DM Healthcare ties up with Dr Reddy’s laboratories for Sputnik V vaccination. The stock closed 4.4% up.

Eveready Industries closed 6% up after reporting Q4 net loss of Rs 443 crores against a profit of Rs 63.1 crores last year. There was an exceptional loss of Rs 630 crores. The stock closed 6% up

Ashok Leyland fell 4% after a downgrade by Credit Suisse. Similarly, Nazara Tech fell 9% after a CLSA downgrade.

SBI Cards fell 4% in the day, after news of private equity fund Carlyle planning to sell a 5.1% stake in SBI Cards and Payment Services worth ~Rs 5,000 crore.

Markets Ahead

Nifty made an amazing comeback in the day to close flat. Even though we expected consolidation, a very trending day was seen. With the first half being downward trending and the second half being upward trending, Nifty ended with net consolidation.

The bullishness in Reliance and HDFC Bank will hopefully be continued into next week. In fact, most of the market underperformed this week. This week, only Nifty IT and Nifty FMCG closed with gains of 0.8% and 1.8% respectively. Metals fell nearly 6.6% including Adani Ent’s fall.

Midcaps and smallcaps underperformed Nifty this week.

Even with the bullishness, yesterday’s high could not be crossed. Will be watching this level for Monday along with how the global markets perform. Expecting some consolidation with bulls and bears clearly not letting each other win.

Hope you had a great week. In the last 5 days, many stocks have fallen so how are your swing picks looking?

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

What a crazy expiry in the market today! After the Fed announcement, markets around the world turned red and so did ours.

Nifty opened the day at 15,659 with a gap-down but then shot up. It even turned green and touched 15,770. But from here, a slow fall was seen with Nifty taking support at 15,700. Just after 2 PM, the index fell sharply to 15,600 ranges and then recovered. Nifty closed the day at 15,691, down 76 points or 0.48%.

Bank Nifty also followed a very similar pattern. After opening at 34,634, the index tried to move up but could not even break 34,900. After some sideways moves, just at 2 PM, sharp selling pulled it down to 34,450 levels. Bank Nifty recovered from day lows and closed at 34,605, down 398 points or 1.14%. 

Nifty Metal(-2.32%) and Nifty Realty(-1.65%) once again closed with the most losses. Nifty Bank, Auto, Finserv, Media and Pharma closed with near 1% loss each.

Asian markets closed mostly in the red today. European markets are all trading in the red currently.

News Picks

Cement shares were in focus today with demand expected to pick up once the economy opens up. UltraCemCo(+1.78%) closed as Nifty 50’s top gainer. Other cement stocks including JK Lakshmi(+4%), Ramco Cements(+1.1%), Ambuja Cements(+2.1%), ACC(+1%), Orient Cements(+1.6%) also went up.

With a reported increase in product prices and promoters releasing pledges on 5.25 lakh shares, Asian Paints closed 1.3% up in the day.

With the dollar strengthening against the rupee and USDINR reaching the highest level since May, IT stocks shot up in the day. TCS(+1.3%), TechM(+1%), and Infy(+0.99%), featured in the top-gainers list.

There were reports that tyre prices could increase in June. Tyre stocks started to move up after the news, but the movement couldn’t sustain in a bearish day. Balkrishna Industries(+2.65%) closed with gains.

Metal stocks are still in a bearish mood. SAIL(-2.2%), Tata Steel(-3.3%), JSW Steel(-1.2%), Jindal Steel(-2.%), Hindalco(-2.8%), Nationalum(-1.8%) and VEDL(-1.1%) closed with losses.

Adani Ports(-8.4%), Adani Ent(-5.5%) continued to fall in the day. ATGL, Adani Trans, Adani Green and Adani Power are trapped in the 5% Lower Circuit for the 4th continuous day.

Defensive sectors performed well on the day of market fall. They are consistent dividend-paying stocks with stable earnings like IT and FMCG stocks.

FMCG stocks including Marico(+2.4%), UBL(+2.3%), Tata Consumer(+1.2%) and McDowell(+1.6%), closed with decent gains.

Banking stocks were weak in the day with IndusInd Bank(-2.9%), RBL Bank(-2.8%), PNB(1.5%), and Axis Bank(-1.4%), falling sharply. Only Federal Bank(+0.47%) and Kotak Bank(+0.3%) closed in the green from Bank Nifty.

Federal Bank’s board approves raising funds through equity worth Rs 916 crore from World Bank’s arm – IFC. The board also decided to raise up to Rs 4,000 crore by issuing equity shares or other instruments through various modes and Rs 8,000 crores from debt instruments.

Other finance stocks including IbulHsgFin(-5%), M&MFin(-4%), HDFC(-1.25%), MuthootFin(-2.1%) also fell.

India Tourism Development Corporation’s (ITDC) board said they would meet today for asset monetization. ITDC shares jumped 12.5%.

BEML’s strategic sale may be discussed tomorrow. The stock closed 3.5% up.

Max Finance’s promoter raised nearly Rs 700 crores by selling a 2% stake sale to a Sovereign Fund. Stock moved up and then cooled down to close 1.6% in the red.

PharmEasy is likely in talks for stake buy in Thyrocare. Thyrocare closed 1.25% up and is already up 18% in the last week.

HSCL closed 7.8% up even after saying there are no discussions for any tie-up with Tesla for battery tech.

Markets Ahead

What a thrilling and volatile Thursday expiry after many weeks. Nifty opening with a gap-down, then moving up then crashing down again.

Nifty closed just under 15,700 even though it tried to end the day above that mark. What was most interesting was Infy and TCS shooting up near market close as the rest of the market fell. 

Once again, broader markets fell with a 1.4% fall in Nifty Midcap index. 

With signals from the U.S. Fed triggering profit booking in global markets, Nifty played along and moved down. The support at 15,550 still looks strong for the index and the close does not look too weak. Reliance still managed to close above 2,200. 2,480 zone is also good for HDFC as a support.

Bank Nifty, on the other hand, continues to show bearishness with a more than 1% fall. HDFC Bank will have to now break 1,480 and 1,520 to regain some strength. 

We might see a small pullback tomorrow, meaning a green candle can be expected. But don’t turn bullish again yet.

A clear sign of bullishness will be given when Nifty decides to move across the 16,000 mark. Already looking ahead to next week’s expiry with Reliance’s Annual General Meeting on that day. Will be an interesting one!

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

A day of high consolidation near all-time highs for Nifty.

Nifty opened the day at 15,848 and was very volatile. Even though it tried to move up, the 15,900 level from yesterday could not be crossed. Huge selling pressure was seen in Nifty, pulling it down to 15,750. Even though the index tried to recover, a last-minute fall took Nifty down again. Nifty closed the day at 15,767, down 101 points or 0.64%.

Bank Nifty also interestingly shot up in the morning after opening at 35,197. It even crossed yesterday’s high but then could not sustain there. 35,000 was broken in the first fall, but Bank Nifty somehow managed to close the day at 35,003, down 244 points or 0.69%.

Nifty Metal(-2.85%) and Nifty Realty(-1.26%) closed with losses. Nifty Media and Nifty PSU Bank closed 1% down each. All other sectors mostly consolidated, not moving more than 1%.

Asian markets closed mostly in the red today. European markets are all trading flat with slight bearishness.

News Picks

Metal stocks fell sharply after China ordered their companies to reduce imports. The country may also release its reserves of Copper, Aluminium and Zinc soon. SAIL(-4.4%), Tata Steel(-2.7%), JSW Steel(-2.7%), Jindal Steel(-3.5%), Hindalco(-2.7%), Nationalum(-2.6%), VEDL(-2.4%) closed with losses.

Adani Ports closed 7.2% down in the day as Nifty’s top loser. All Adani stocks closed with losses with Adani Ent(-7.2%) also down. You can read all about the Adani controversy here, looks like it’s not over yet.

LTI said it has signed a definitive agreement to acquire Pune-based digital engineering company Cuelogic Technologies. The stock closed 1.3% up

Fertilizer stocks: Sources say Govt planning to approve extra Rs 14,775 crore subsidy on Phosphorous & Potassium Fertilizer. FACT(+13%), RCF(+4.3%), NFL(+3.8%), Chambal Fert(+6.8%) Deepak Fertilizer(+2.4%) moved up although largecaps like UPL and Pi Industries did not.

RITES reported Q4 consolidated net profit at Rs 142 crores, up 39% compared to last quarter. The stock closed 2% down.  

Sources say that the government may announce a new credit guarantee scheme for health infrastructure for Rs 50,000 crores. You can look into some stocks for study.

Jubilant FoodWorks reported good Q4 results and the stock shot up 4% in the morning and then cooled down to close 1.5% up. Tata Consumer(+2.3%) from the same FMCG closed as Nifty’s top gainer.

Other FMCG stocks including Nestle(+1.59%), HindUnilever(+0.67%), ITC(0.39%) also closed in Nifty’s gainer list. 

LIC Housing Finance reported a lower standalone profit at Rs 398.92 crore in Q4FY21 against Rs 421.43 crore in Q4FY20. The stock closed 5.11% down in the day.

Energy stock NTPC(+1.7%) closed with gains. JSW Energy(+7.4%) and Tata Power(+3.11%) also gained.

ONGC(+1%) moved up further and has more upside potential as global crude oil prices touch 2-year highs.

Markets Ahead

Nifty indeed showing weakness at the top. After yesterday’s indication of weakness, Nifty closes with 130 points fall from the day-high.

Reliance pulled down Nifty by 30 points but is currently near the 2,200 support zone. 

With the data we have now, Nifty is likely to close between 15,700 and 15,800 for tomorrow. Even with the last-minute fall, Nifty managed to close above 15,750 and Bank Nifty above 35,000.

Markets around the world are correcting a bit ahead of the Fed Announcement. Traders are looking for any signals on when and how the U.S Central Bank will start to reduce support for the economy.

Markets may become volatile tomorrow with it being the weekly expiry as well. Looking forward to cues from the U.S. Markets for tomorrow’s opening.

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

A day of high consolidation near all-time highs for Nifty.

Nifty opened the day with a small gap-up at 15,869. It then moved up to touch 15,900 but could not break this level. Throughout the whole day, the index traded in a tight consolidation zone. Nifty closed the day at 15,869, up 57 points or 0.36%.

Bank Nifty also opened with a gap-up, just above 35,050. Even though it moved up, 35,300 was not broken strongly. After a good sideways trend, Bank Nifty closed the day at 35,247, up 297 points or 0.85%.

Nifty Media(+2%) and Nifty Realty(+1.32%) closed with good gains. Nifty Pharma(-0.88%) moved down. All other sectors mostly consolidated.

Asian markets closed mostly in the green today. European markets are all trading in the green with small gains currently.

News Picks

Asian Paints(+3.13%) hit a fresh all-time high and closed as Nifty’s top gainer. There were reports of a hike in some product prices.

Private Banks – Axis Bank(+1.99%), ICICI Bank(+1.6%) and IndusInd Bank(+0.99%) featured in Nifty’s top gainer section with decent gains.

Gujarat Gas moves up after Nomura’s raised the targets for the company. The stock closed 7.8% up.

Meanwhile, GMRInfra gained 14% and is heading to a multi-year breakout.

Nifty Media outperformed with ZEEL gaining 5.6% in the day. You can read more about the company here.

Markson’s Pharma issues 10 lakh convertible warrants to promoter & 4.93 crore warrants to OrbiMed Asia IV Mauritius FVCI at a price of Rs 74/warrant. The stock closed 6% down

Easy Trip Planners reported Q4 consolidated net profit at Rs 30.5 crores, up 797% YoY and 39% up compared to last quarter. The stock flew up then closed flat. 

In a similar way, PFC reported Q4 consolidated net profit at Rs 4,900 crores, up 606% YoY and up 69% QoQ. The stock shot up then closed 1.3% down.

The government may sell shares in NMDC with an OFS(Offer For Sale) this month. OFS price could be at a discount of 8-10% to current price. NMDC fell and closed 2.6% down.

Whirlpool reported Q4 net profit at Rs 130 crores, up 40% YoY and 82% compared to last quarter. The stock closed 7.2% up and is showing a good breakout in the 1-hour charts.

Coal India fell 1.38% after reporting below expected profits in Q4. The company has said they will reduce 5% in manpower every year for the next 5-10 years to reduce costs.

Jubilant FoodWorks shares stayed flat after reporting a 16% QoQ fall in net profits to Rs 104 crores. You can read about the restaurant industry stocks here.

Markets Ahead

Nifty opened at a fresh all-time high, with Nifty IT consolidating and Bank Nifty showing some bullishness as we discussed yesterday.

Even though Bank Nifty had somewhat of a strong closing, Nifty has closed with a red candle in the daily charts. Reliance did fall quite a lot intraday. HDFC Bank was also unable to cross the 1,500 mark once again. 

The index is showing signs of weakness at the top. If Reliance and HDFC Bank don’t start moving up tomorrow, we might see a close under 16,000 for this Thursday and maybe see that level hit by Friday or next Monday.

There are no other major events happening in the market tomorrow. The outcomes of the U.S. Fed Meeting will be known by Thursday morning. The central banker of the USA is expected to keep interest rates the same.

Nifty 100, Nifty 200 and Nifty 500 did not outperform Nifty 50. Usually, when Nifty consolidates, they do tend to move up. So with this weakness, I am expecting a small correction tomorrow but the market continues to surprise all of us.

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

The day of Adani madness in the market! In between the allegations and clarifications, Adani stocks swing 25% to either side in the day.

Nifty opened the day at 15,790 with a small gap-down and crashed down. The index fell to 15,600 in the first 20 minutes, then took support and shot back up. It was indeed a volatile day. Moving up, Nifty consolidated near Friday’s high and closed below it at 15,809, up 10 points or 0.06%.

Bank Nifty opened the day at 34,947 and fell just like Nifty. After a 550 point fall, the index reversed and started moving back up. It could not break the 35,000 mark even with the jump after 1:30 PM. Bank Nifty closed the day at 34,940, down 107 points or 0.31%

Most sectoral indices closed flat and in the red. Only Nifty Realty(-1.52%) closed with a more than 1% move. 

Asian markets closed mixed in the day. European markets are trading in the green with small gains currently.

News Picks

There were many reports that India’s NSDL froze 3 offshore accounts owning Adani shares. But with a press release at 3 PM, Adani Ports(-8.5%) said that no such accounts have been frozen and that the scandal is “causing irreparable loss of economic value to investors”.

Adani stocks were the highlight of the day with Adani Ent(-5.7%) gaining 25% from the day low. At the end of the day, all Adani stocks except Adani Power(-5%), ATGL(-5%) and Adani Transmission(-5%) had recovered from their lows.

Tata Motors closed the day at fresh-highs and as Nifty 50’s top-gainer.

Coal India closed 2% down ahead of its results announcement today.

BHEL fell 11.55% down after the company announced Q4 results. Many brokerages had given a sell call on the stock.

Malls and hotels will reopen in Pune from today even though the positivity rate is 11.11%

Laurus Labs promoter releases pledge 17 lakhs or 0.32% stake on 11th June. Stock closed 1.6% up. The stock is up 31% in the last month.

Indian Overseas Bank reported more than double Q4 standalone net profit at Rs 350 crores vs Rs 144 crores last year. Shares of the PSU Bank gained 1.6%.

ABB commissions digital platform integration for Sunflag Steel to enable better metals plant decision making. The stock closed 3.6% up in the day.

Formerly the managing editor with CNBC India, Udayan Mukherjee joins India Today Group. TV Today closed 5% up after the announcement.

DCM Shriram has scheduled a board meeting on June 29 to consider share split. The stock closed 2.8% up.

The drug firm Lupin has received a warning letter from the US health regulator for its Somerset facility in the US. Shares closed 3% down.

Trading of DHFL was stopped in NSE and BSE today. Any retailers trapped in these stocks will have seen their stocks disappear.

Markets Ahead

Nifty managed to recover from its morning shock and closed flat for the day. In fact, the index gained more than 10 points. If Adani Ports was flat, a gain of 23 points would have been seen in Nifty.

A day to remember anyway. Adani Ent and Adani Ports gained back up sharply from their lower circuits. The scandal surrounding Adani is yet to be over. We can expect more details and discussions soon. We will be writing an in-depth article for anyone still out of the loop regarding the issue.

India’s Wholesale Price Inflation hit an all-time high of 12.94% in the month of May. Still, this was better than the estimate of 13.40%, and the market moved up.

The sharp buying across the market at 1:20 PM shows that institutions are still bullish on our market. Still, we can only call today as net consolidation, as Nifty closed only 10 points up and could not cross Friday’s high. 

There could be a gap-up to a fresh all-time high tomorrow, with volatility to continue. Since the fundamentals of Adani companies are still unchanged, Bank stocks(lenders) will not see a huge effect.

And a further market-wide effect is not expected as Mutual Funds hold very little in Adani stocks.

Expecting for Bank Nifty to shake off the bearishness soon and IT to consolidate.

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

A green close to the week with mostly consolidation.

Nifty opened the day at 15,800 with a gap-up and tried to move up a bit. Just at 15,836, the index made a fresh high. At 11 am, 12 pm and 1 pm, quick and sharp falls were seen in the market. 15,750(yesterday’s high) was taken as a support and the index gained back.

Nifty closed the day at 15,799, up 61 points or 0.39%.

Bank Nifty opened the day at 35,300 with a gap-up, but was not at all strong. It kept on falling till after noon, and took support at 34,890 and moved up. The index got back above 35,000 and was able to sustain it. Bank Nifty closed the day at 35,047, down 84 points or 0.25%.

Nifty Metal(+2.69%) and Nifty IT(+1.5%) and Nifty Pharma(+1.05%) closed with gains today. Yesterday’s top gaining sectors Nifty Realty(-1.04%) and Nifty Media(-0.96%) cooled off a bit today.

Asian markets closed flat in the day. European markets are trading in the green with small gains currently.

News Picks

SAIL reported a 26.4% YoY growth in net profit at Rs 3,444 crore for Q4. The stock closed 5% up. With this positivity, steel stocks broke consolidation and moved up.

4 out of top 5 gainers in Nifty 50 were from Nifty Metal. Tata Steel(+3.9%), Coal India(+3.9%) and Hindalco(+2%) gained the most. JindalSteel(+3.8%) and NMDC(+2.4%) also went up.

Coal India has hit a post-covid high today. Can be watched for upcoming sessions.

Ahead of the Reliance Annual General Meet(AGM) 2 weeks from now, stocks related to the company have been seeing good buying. Yesterday, Hathway, Network18 and more moved up. Today, Future Consumer(+18%), Future Retail(+9.9%), Alok Industries(+17.8%) went up.

Dr Reddy’s took support once again at the 5140 zone and shot up. The stock hit a fresh 52-week high today and closed 3% up.

Jaguar launched the updated version of the F-Pace SUV model for Rs 69.99 lakhs. Tata Motors also received an order of 115 ambulances from the Government of Gujarat. The stock closed 1.7% up. 

From Nifty Auto, Ashok Leyland(+3,94%) closed at a 100 day high.

AU Small Finance Bank shot up in the morning with huge buying volumes and closed 5.4% up. The stock is trying to break a beautiful channel and move up after the big fall in April.

With the rupee weakening against the dollar, IT and Pharma stocks found a reason to move up. Indices of both sectors closed at all-time highs.

From IT, TCS and Infy both gained more than 1.5%. OFSS(+4%), LTI(+3.4%) were notable gainers from the index.

British airline Virgin Atlantic partnered with TCS to power recovery & transformation-led growth. TCS stock closed 1.7% up.

Cadila HealthCare(+2.2%) is looking for approval from DCGI for Covid vaccine within a week.

Vakrangee is set to consider the demerger of physical & digital Vakrangee Kendra(Bharat Easy Super App) on June 19. The company says demerger will unlock the value of both businesses. The stock closed at 10% Upper Circuit.

China suspended frozen seafood imports from six Indian firms after traces of virus found on the packaging. Venkys(-1.2%), Avanti Feed(-2.2%), Apex Frozen(-1.3%) fell heavily from day’s high.

Ashoka Buildcon bags order worth Rs 730 crores. Declared as the lowest bidder for the NHAI project. The stock shot up after the news and closed 3.5% up.

Indian Renewable Energy Development Agency (IREDA) has invited bids from solar module manufacturers for setting up solar manufacturing units under the central Govt Rs 4,500 crore Production Linked Incentive (PLI) scheme

Government-run NBCC stock went up 12% after the company informed about the expiry of a 1-year extension given to Director Rajendra Chaudhari. Also, lenders of bankrupt Jaypee Infratech are voting for bids of NBCC and Suraksha Group next week.

Markets Ahead

Once again a day of consolidation in the market!

Nifty has closed at record highs in the day, following U.S markets.

Yesterday, we had talked about how the market would look bullish if Nifty closes above 15,800. Today is close enough with the index ending at 15,799 for the day.

Reliance once again moving up and is close to its recent highs.  A breakout in the stock is expected ahead of the company’s AGM. Sadly, HDFC Bank is still weak with even 1,500 not being broken. Keep watching this level.

I feel that next week we may see Nifty at 16,000 and above. The 15,500 mark is likely to act as good support going ahead and the bulls are ready. Once again, moves with consolidation are expected with the India VIX now at 14.

Expecting some buying from both Foreign and Domestic Institutions next week if global cues remain positive!

Hope you had a great week in the market! Let us know in the comments of marketfeed App how this week went by for you.

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

A very peaceful weekly expiry day in the market.

Nifty opened the day at 15,680 with a small gap-up and was very volatile in the beginning. But then it started showing a small uptrend, which kept on going towards the close. After yesterday’s red closing, Nifty gained back to close at 15,737, up 102 points or 0.65%.

Bank Nifty showed a bit more strength than Nifty today. After opening at 34,913, Bank Nifty traded in a 200 points zone till 1:30pm. But from here, the index gave a breakout and even crossed 35,000. Bank Nifty closed the day at 35,131, up 330 points or 0.95%.

Only Nifty Auto(-0.11%) closed in the red today. Nifty Media(+4.65%), Nifty Realty(+3.34%) and Nifty PSU Bank(+2.4%) performed the best in a good day for the markets. 

Asian markets closed flat in the day. European markets are all trading flat currently.

News Picks

Bajaj Finance(+7.26%) and Bajaj Finserv(+3.76%) closed as Nifty’s top gainers after falling heavily on Monday. The stocks had moved down with concerns of bad asset quality but rebounded strongly today.

14 regional rural banks (RRBs) under the country’s largest lender SBI have posted 4x growth in net profit at Rs 1,004.28 crore in FY21. SBI went up 2.5% in the day.

Indiabulls Housing Finance(+8.87%) once again gained in the day. The company had tied up with the Central Bank for a co-lending partnership and has now gained 20% in the last 5 trading days.

Realty stocks once again went up even with concerns of project delays. DLF(+5.3%),IBREALEST(+7.5%), HEMIPROP(+3%), OBEROIRLTY(+2.9%), BRIGADE(+2.8%), PRESTIGE(+2.7%), SUNTECK(+2.6%) went up in the day.

The Federation of Automobile Dealers Associations (FADA) says, all the segments of the auto sector saw a decline in registrations. The auto index was the only one that closed in the red today.

Divi’s Lab closed 2.5% up in the day after US-based Merck inked a supply agreement with US Government for Covid-19 pill Molnupiravir. Divi’s had earlier said it has been selected by Merck as an authorized manufacturer for the Molnupiravir drug.

Media stocks shot up in the day with Network18(+20%), TV18Broadcast(+14.5%) leading the rally. Including the above, other Reliance-owned companies DEN(14.5%) and Hathway(+11.1%). To learn more about Reliance’s media arm, click here.

JSW Steel’s May crude steel production rises 10% YoY to 1.37 Million Tonnes. Capacity utilisation stands at 91%. The stock closed more than 1% up.

Other steel stocks including SAIL(+3.29%), JindalStel(+2%) also went up in the day.

Tata’s Nelco has received approval from the department of telecommunications (DoT) for the transfer of the licences from TataNet to the company. The stock closed 10% up.

Mazagon Dock reported a net profit up 250% YoY to Rs 275 crore. Revenue is up 7% to Rs 1,110 crore. The stock closed 2.3% up.

YES Bank’s board will meet today to consider fundraising. The stock closed 3% up.

Markets Ahead

Mostly a day of net consolidation. If you look at the heavyweight, while Bajaj twins and banks went up till the end, Reliance fell heavily from the day high. Well, an option sellers’ favourable expiry!

Midcaps and smallcap indices gained more than 1.5% each. This shows that yesterday’s fall was just a random sell-off. Still, I would not turn bullish until Nifty manages to close above yesterday’s high of 15,800.

I would really suggest you read about the media stocks held by Reliance, as they may continue to perform in the coming months. Realty stocks also seem to be active in this cycle of market’s rally, with DLF closing near the day-high.

Expecting some more consolidation in the coming days along with a small correction!

Hope you had a great day in the market!

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

The day of the reversal? After retouching a new high of 15,800 in the day, Nifty and the rest of the market fall sharply.

Nifty opened the day at 15,769 and moved down. But just after the fall, it recovered and even moved up till 15,800. But from here, the profit booking started. And what a fall across the whole market! The index fell to 15,600 and took support, then once again broke this level.

Nifty gained back some losses to close at 15,635, down 104 points or 0.67%

Bank Nifty opened the day at 35,130 and moved down even breaking 35,000. But from here, the index gained back and went up 500 points in 30 minutes. In the afternoon fall, a low was made near 34,640. Bank Nifty closed the day at 34,800, down 284 points or 0.81%.

All sectoral indices closed in the red with Nifty Media(-2.1%), Nifty Realty(-1.66%), Nifty Auto(-1.28%) leading the fall. Interestingly, Bank Nifty and Fin Nifty both fell less than 1%.

Asian markets mostly closed in the red today. European markets are all trading in the red.

News Picks

With many positives going for them, power companies once again rallied in the day. Adani Power closed flat after being 10% up. Tata Power(+6.5%), REC(+6%), PFC(+3.73%) saw huge buying in the day.

Tata Power has entered Odisha by purchasing 51% stake each in three power utilities in Odisha. This has been cleared by the fair trade regulator Competition Commission of India. The stock was 14% up in the day, and closed 6.5% up.

Power Grid commissioned India’s first Voltage Source Converter (VSC) based HVDC (high voltage direct current) electricity transmission system. The stock closed 3.44% up as Nifty’s top-gainer. Among other power companies, NTPC gained 1.64%.

Crompton Greaves moved up in the morning after 3.37 crore shares changed hands in a block deal. The stock closed 4% up.

Tata Motors sent an internal memo to its dealer partners to stop taking orders for all diesel variants of Nexon. The stock closed 2.6% down

Indian steel export enquiries rise on rumours of china export tax of 10-15% on steel. SAIL closed 2.4% up. Other steel stocks were up, but fell along with the market,

India has applied for an ‘exclusive trademark’ that would grant it sole ownership of the Basmati rice title in the European Union.

GAIL closed 3% down after profit numbers missed estimates. Q4 standalone net profit stood at Rs 1,910 crores, up 28% compared to last quarter. Says executing 71 projects with Rs 47,500 crores estimated investment. 

The Government is reportedly set to allot 700 MHz band airwaves to railways. RailTel shot up near close and ended at 10.6% up. Keep note that the band is used for 5G.

Petronet LNG opened with a gap-down after reporting profit numbers yesterday. But a further fall was seen after the CEO said that the deal with US energy company Tellurian’s LNG project for gas supplies for 40 years has lapsed. The stock fell 8%.

Star Cement reported Q4 standalone net profit at Rs 62.1 crores, up 195% from last quarter and 3% YoY. The stock closed 3.4% down.

INOX Leisure approved the opening of QIP on June 8. The floor price of Rs 315.25 per equity share is at a discount of 5.62% to Tuesday’s closing price. The stock fell 2% down

Markets Ahead

The big fall seen in the market afternoon was most likely institutional selling. Almost every major stock across every sector fell as profits were booked. Even with this, Nifty managed to close above 15,600, down by just 0.7%. Even Bank Nifty was down only 0.8%.

But unlike last few days when Nifty ended in red, Nifty Midcap and Smallcap also fell. With this, the current cycle of the market rally is expected to turn into consolidation.

Mutual Fund Data for May has been published. ETF inflow stands at Rs 5,379.8 crores vs Rs 2,537 crores inflow. Equities see inflows for the 3rd straight month with at Rs 9,235.5 crores, the highest since March 2020. A net outflow of Rs 44,512 crores was seen in Debt funds vs Rs 1 lakh crores inflow. All data is month on month.

This data shows that more funds are flowing in from debt markets to equity, expecting markets to be stable from now. Even with today’s fall, India VIX is under 15. That means we may see some healthy corrections but not huge falls as Mutual Funds houses(DIIs) will support the market.

With the weekly expiry being tomorrow, we can expect more volatile consolidation. Open Interest shows a support zone at 15,500 with good resistance at 15,700 for tomorrow so there is potential for some downside move as well. 

Anyway what we can understand is that the next rally to 16,200 and above will take some time. A healthy and steady move with corrections here and there is more likely to be sustained than a straight rally.

Hope you had a great day in the market!

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

Bank Nifty continues to be the spoilsport, pulling Nifty down from its opening at all-time high levels.

Nifty opened the day at 15,778 and was in a mood to fall. It fell nearly 100 points from the opening level and took support at yesterday’s low. From here, the index slowly gained back but without much strength. Nifty closed the day at 15,740, down 11 points or 0.07%.

Bank Nifty was once again bearish while Nifty consolidated. After opening at 35,449, the index fell and easily broke yesterday’s low. But support was taken at 35,000 zone more than once. It even dipped below that range but quickly gained back. Bank Nifty consolidated after the morning fall to close at 35,085, down 358 points or 1%.

Nifty IT(+1.2%) once again gained more than 1% in the day. Nifty PSU Bank(-1.45%), Nifty Metal(-1.06%) and Nifty Bank(-1.01%) were the worst-performing sectors.

Asian markets mostly closed in the red today. European markets are all trading in the green.

News Picks

Tata Motors once again closed among Nifty 50’s top-gainers by gaining 2.1%. The company’s management is currently on day 2 of the five-day meetings with some big names including Rakesh Jhunjhunwala’s Rare Enterprises, Blackrock, Abu Dhabi Investments, Franklin Templeton, JP Morgan and more.

IT stocks gained sharply in the morning but lost some strength in the afternoon. TechM(+2.2%), HCLTech(+1.85%) and Infy(+1.68%) featured on the top-gainers list.

Metal stocks led the top-losers of Nifty with Hindalco(-1.8%), Tata Steel(-1.5%) and JSW Steel(-1.1%) all falling between 1-2%. NMDC(-2.2%), National Aluminium(-2.2%) and Vedanta(-1.7%) also fell in the day.

The rest of the losers in Nifty were formed by financial stocks including Banks and NBFCs. Kotak Bank, HDFC and SBIN fell more than 1%.

Equity shares of DHFL will be delisted from exchanges as part of its debt resolution plan. The stock closed at 10% upper circuit again, but it is best for retailers to stay away from it. 

The company which won the DHFL bid, Piramal Enterprises gained 10.5% to hit fresh 52-week highs. CITI raised targets to Rs 2,260.

The Railway Board will have a press conference today regarding the resumption of train services. IRCTC closed 2.3% up.

Tyre maker Michelin to hike tyre prices by up to 8% in India. JK Tyres, Apollo Tyres and CEAT moved up after the news and then fell down.

Route Mobile expands its global footprint in SouthEast Asia, appoints Elsiyah Susanto as the country manager for Indonesia. The stock shot up after consolidation and closed up 2.6%.

Suven Pharma reported Q4 consolidated net profit at Rs 83.1 crore, up 11% YoY and down 27% compared to last quarter(-27%). It was a sharp fall after the bad results and stock closed 2.8% down.

Competition Commission approved Heineken to buy additional stake in United Breweries by Heineken. The stock closed 2% up at a near 2-year high.

Sugar stocks continue its rally and Balram Chini(+3.4%), Eidparry(+4%), Dwarikesh Sugar(+4.3%), Shree Renuka(+9.7%), Triveni Engineering(+11.6%) gained well.

Sources say the time period of EV subsidy policy may be extended. Greaves Cotton is up by 6.3%, Tata Motors gained sharply near market close.

Infosys gained 1.7% after announced a collaboration with Archrock from the U.S.

Petronet LNG & Bata close with minor cuts ahead of Q4 earnings.

Adani Power continues the gaining momentum, closes at 20% upper circuit. The stock is up 50% in the last 3 trading days. Tata Power closed 3.6% up.

Chemical stocks such Navin Fluor(+6.3%), PIIND(+4.6%), SRF(+4.6%), Deepak Nitrite(+4%) and Aarti Industries(+3.5%) moved well in the day.

Markets Ahead

Markets changed little after PM Modi’s general speech to the nation yesterday. A free vaccination policy for all adults was announced.

The U.S. treasury secretary has once again talked about in favour of a big stimulus package from Joe Biden. This may push up economic activity but concerns of high rates of inflation are present. Stimulus packages 

Once again, smallcaps and midcap indices closed in the green while Nifty closed flat. But their gains have reduced as well. This means that the market may lose steam and is ready to cool down. 

HDFC Bank and other financial stocks continue to remain weak as we discussed yesterday. In fact, Bank Nifty closed quite near to its 35,000 support zone. In fact, while Nifty has gained 1.5% in the last 5 trading days, HDFC Bank has fell by that same %.

Pfizer(+4.34%) which we had talked about many weeks ago, has closed strongly without any “news” helping it. Looks like the start of a good rally to me. ITC has also closed near the day’s high. Do watch out for these stocks.

Catch you all on The Stock Market Show tonight!

Today’s Market Summarised

Nifty opened the day at 15,727 with a gap-up and fell to take support at Friday’s close. From here the index kept moving up with small and steady steps. And after 12:45pm, Nifty jumped gained a lot of positivity. The index crossed 15,750 and made a fresh high of 15,773. 

Nifty closed the day at 15,751, up 81 points or 0.54%.

Bank Nifty was in a mood to consolidate in the day. After opening at 35,469, the index traded in a 200 point zone for today. Bank Nifty closed the day at 35,443, up 152 points or 0.43%.

Nifty IT(+1.11%) and Nifty Media(+1.16%) gained most in the day. No other sectoral index gained or lost more than 1%.

Asian markets mostly closed flat with a bullish bias. European markets are all trading flat.

News Picks

Importantly, Prime Minister Narendra Modi is set to address the nation at 5 PM today. Markets moved up after this announcement and hit fresh highs.

Adani Ports saw good buying in the day and closed as Nifty 50’s top-gainer. The stock hit a fresh all-time high in the day and closed 5.37% up. 

Real-time electricity market trades 1436 Million Units and records the highest single day volume of 74 MU supporting the cyclone-affected states. 

Energy stocks moved well in the day. IEX(+2.8%), Torrent Power(+6.9%), Tata Power(4.8%), Adani Power(+20%), Power Grid(+4.8%), NTPC(+4.16%) closed with good gains.

Cement stocks gained in the day with ShreeCem(+3.56%) and UltraCemCo(+2.78%) leading Nifty’s toppers list. Other stocks also gained, including AmbujaCem(2%), ACC(+1.7%), Star Cement(+4%).

Tata Motors closed at its highest level since its all-time high day of March 5. The stock gained 3.15% in the day.

TVS Motors opened with a 4% gap-up and closed at the same level after a block deal took the stock up. 5% equity worth Rs 1,406 crores exchanged in a block deal. Sundaram Clayton, a TVS group company, is likely to have sold 5% stake via block deal.

Titagarh Wagons is said to be the lowest bidder for the Mumbai Monorail Project of Rs 600 crores. Stock closed 5% up. The stock is at a good breakout zone with results to be announced soon.

Piramal group’s resolution plan for DHFL insolvency has been accepted with few conditions. DHFL hit 10% upper circuit, but be careful before entering the stock. It could get delisted. PEL closed 1.4% up.

Telecom Equipment PLI Scheme | Govt estimates increase in production on account of PLI scheme at Rs 2.4 lakh crores & exports at Rs 2 lakh crores. Only HFCL gained 4.22% while other notable names remained muted.

Tyremaker MRF reported Q4 standalone net profit at Rs 317 crores, down 52% YoY and down 38% QoQ. After the result announcement the stock witnessed sharp fall and closed 2.9% down. Interestingly, most other tyre manufacturers closed 1 to 3% up.

E-auction sales of coal is up 53.5% in April-May. Coal India closed 2% up near its 52-week high zone.

Sources say that the Government is planning to bring changes in the banking and insurance laws in the next parliament session. This is essential for privatization to move ahead. You can watch out for the sector and important companies from it.

Graphite electrode prices expected increase by 20% for the July quarter. HEG(+5%) and Graphite(3%) may benefit from this.

Shipbuilding stocks like Cochin Ship(+4%), MAZDOCK(+19.7%), GRSE(+10%) performed well in the day.

Vakrangee went up and hit 10% UC after it entered into a partnership with NSDL Payments Bank to provide Banking Business Correspondent.

After Delhi and Maharashtra announced unlock plans, IRCTC expects more passenger volume and the stock is up by 9%.

Last day, the Govt. launched E-100 pilot project in Pune for the production and distribution of ethanol across the country. Sugar stocks like Balramchini(+6%) Dalmia Sugar(+18%), Eidparry(+4%) gained.

Bajaj Finance expects gross and net NPAs to be higher in Q1 and Q2 due to collections constraints. The second wave of Covid-19 has caused fear in asset quality. Bajaj Finance(-4.4%) and Bajaj Finserv(-2.6%) closed as Nifty 50’s top-losers. Financier HDFC closed 1.3% down in the day.

Tata Consumer Products has entered the premium roast and ground coffee segment with the launch of ‘Sonnets By Tata Coffee’. The stock closed 1.9% up. 

Punjab National Bank fell 2.3% after posting its results. Concerns of high NPA rates dragged the stock down.

Markets Ahead

Markets have started the week with good confidence. In fact, midcaps and smallcap indices were both up more than 1% in a day when Nifty moved just 95 points. IRCTC gained nearly 10%.

The most important announcement was that PM Modi will be addressing the nation at 5 PM. Any important comments from him regarding the economy opening back up and vaccination picking up speed are awaited. Nifty tried to move up after 1 pm when the news came.

Reliance closed with decent gains in the Top-gainers list. The stock is expected to give continued movement in the coming days to push Nifty up.

But, Bank Nifty remaining weak and HDFC Bank moving sideways is not a good sign. Especially with the concern in Bajaj Finance’s asset quality, the whole financial industry is likely to remain muted. But once it does start to move, the impact on Nifty will be huge. 

Anyway, waiting for the PM’s announcement. Stay tuned to marketfeed to hear more about it!

Catch you all on The Stock Market Show tonight!