Tag: Ukraine

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Sgx Nifty Down; Ears to News From Ukraine – Share Market Today

News Shots 

Future Retail paid $14 million as interest for the half year on 5.60% Senior Secured Notes (USD). The company had missed the payment which was due on Jan. 24.

Gulf Oil Lubricants will buyback 14,16,667 shares, representing 2.8% of the total paid up capital at buyback price of Rs 600 per share.

Godawari Power & Ispat got into agreement to sell 50 MW (CGEL) solar thermal power plant for Rs 665 crore.

Union Bank subscribed to 99,000 shares of Debt Resolution Company for 12.3% stake which will be reduced below 10% in due course.

SBI subscribed to 99,000 shares of Debt Resolution Company for 12.3% stake which will be reduced to 5% by March 31, 2022

Hinduja Global won $281 Million U.K. Test-and-Trace Contract.

What to expect? 

NIFTY opened with a gap-up at 17,242 and moved up on Friday. There was selling pressure in the second half and NIFTY dropped from 17,380 to close the day at 17,276, down 28 points or 0.16%.

BANK NIFTY opened with a gap-down 37,372 and took a strong support at 37,300. The index moved to 37,800 but there was selling towards the end and BANK NIFTY closed the day at 37,599, up 68 points or 0.18%.

All other sectors closed in the red but had a consolidation day.

The US markets and the European markets closed in the red on Friday.

The Asian markets are trading lower. The U.S. Futures and the European futures are in the green now.

SGX NIFTY is trading at 17,150  indicating a gap-down opening.

NIFTY has supports at 17,250, 17,210, 17,150 and 17,100. We can expect resistances at 17,380, 17,415, 17,500, 17,540 and 17,610.

BANK NIFTY has supports at 37,300, 37,000 and 36,700. Resistances are at 37,800, 38,000 and 38,400.

NIFTY has the highest call OI build-up at 18,000. The highest put OI build-up is at 17,000.

BANK NIFTY has the highest call OI build-up at 39,000 and the highest put OI build-up at 37,500.

INDIA VIX is at 22.2.

Foreign Institutional Investors net sold shares worth Rs 2,530 crores. Domestic Institutional Investors net bought shares worth Rs 1,930 crores. 

Ukraine issue is heating up with the West strongly doubting that the Russian invasion can take place anytime soon.  US National Security Council held a meeting yesterday to discuss the same.

Though there is global negativity, the Asian markets have not reacted much. They are trading in the red now, but not significantly lower. SGX Nifty is trading lower. We can expect a bounce-back in NIFTY after opening lower.

HDFC is moving up despite negativity in the general market. Let us keep an eye on the stock.

I will be watching 17,370 on the upside and 17,150 on the downside.

Follow us on the marketfeed app’s Live Feed section to get real-time updates from the market. All the best for the day!

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Market News Top Crypto News

FBI Forms New Crypto Crimes Unit – Top Crypto News

FBI forms new crypto crimes unit

The United States Federal Bureau of Investigation (FBI) has launched a Virtual Asset Exploitation Unit focused on crypto-related crimes. The unit will be a specialized team of cryptocurrency experts dedicated to providing analysis, support, and training across the FBI. It will also innovate its cryptocurrency tools to stay ahead of future threats. 

Crypto prices today: Bitcoin slumps 7%, ETH down 5.9%

Bitcoin is currently trading at $40,751, a 6.95% decline over the previous day. Ethereum is down 5.9% over the last 24 hours to $2,908.84. Solana fell 5% to $95.2, while Cardano is down 3.7% to $1.04. Polygon (MATIC) has fallen sharply by 6.5% to $1.71. The global crypto market cap stands at $1.90 trillion, a 3.52% decline over the previous day. Much of the market is red right now amid geopolitical tension and increased law enforcement scrutiny on crypto.

Sequoia Capital to Invest Up to $600 million in crypto startup tokens

Venture capital firm Sequoia Capital has announced the launch of a crypto-dedicated fund that will invest up to $600 million in digital assets. The fund will actively manage its assets, generating yield through token staking and participating in DAO governance votes. The new fund follows the last announcement that Sequoia would combine all of its US and European investments into one fund.

Ukraine legalises crypto amid soaring tensions with Russia

Ukraine legalised cryptocurrencies on Thursday even as its tensions with Russia have agitated global markets in the past week due to global concerns over the prospect of a wider war. Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces. Ukraine is already amongst the top-5 countries that use cryptocurrency.

Spain’s central bank licenses Bit2Me to be country’s first crypto services provider

Bit2Me, a leading Spanish crypto exchange, has obtained approval from the Bank of Spain to be the first provider of services for the exchange of virtual currency for fiat currency and the custody of digital wallets. It will now be able to provide Spanish-based banks with a white-label service allowing crypto trading on their platforms.

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Daily Market Feed Pre Market Report

Ukraine Decides! Share Market Today

News Shots 

Veritas India reported that their consolidated profit in Q3FY22 fell 40 percent YoY to Rs 17.8 crore, against Rs 29.5 crore in Q3FY21. 

Lupin received approval from USFDA for supplemental new drug application for SOLOSEC (secnidazole) in adolescents for both the treatment of bacterial vaginosis in females and trichomoniasis.

Torrent Power has got CRISIL upgradation for long term credit rating of non-convertible debentures and long term bank facilities of the company to ‘AA+/Stable’ from ‘AA/Positive’ considering continued strong profitability and sustained improvement in the leverage levels. CRISIL has reaffirmed its rating on the short-term bank facilities and commercial paper programme at ‘A1+’.

Ambuja Cements reported that their consolidated profit fell sharply by 55.5 percent to Rs 431 crore in Q4CY21, against Rs 968 crore in Q4CY20. Revenue rose 2.3 percent to Rs 7,625 crore, against Rs 7,453 crore during the same period. The company has approved an investment of Rs 3,500 crore, for a cement grinding expansion plan. The company approved the final dividend at Rs 6.30 per share.

Wipro has appointed Jasjit Singh Kang as Head of digital operations & platforms of its iCORE (Integrated Cloud Infrastructure, Digital Operations, Risk and Enterprise Cyber Security Services) business.

What to expect? 

NIFTY opened the day with a gap-up at 17,400 and started falling. The index bounced back from 17,250 and moved to 17,415. The last-minute fall took the index down and NIFTY closed the day at 17,305, down 18 points or 0.1%.

BANK NIFTY opened flat at 38,048 and was weak. Though support was taken at 37,500, the sector moved down after a small up-move and closed the day at 37,532, down 422 points or 1.11%

FMCG moved up by 0.3% when the major sectoral indices closed in the red.

The US markets fell heavily. The European markets closed in the red.

The Asian markets are trading lower. The U.S. Futures and the European futures are in the green now.

SGX NIFTY is trading at 17,245  indicating a gap-down opening.

NIFTY has supports at 17,250, 17,210, 17,150 and 17,100. We can expect resistances at 17,380, 17,415, 17,500, 17,540 and 17,610.

BANK NIFTY has supports at 37,300, 37,000 and 36,700. Resistances are at 37,800, 38,000 and 38,400.

NIFTY has the highest call OI build-up at 18,000. The highest put OI build-up is at 17,000.

BANK NIFTY has the highest call OI build-up at 39,000 and the highest put OI build-up at 37,500.

INDIA VIX  stays at 20.6.

Foreign Institutional Investors net sold shares worth Rs 1,200 crores. Domestic Institutional Investors net bought shares worth Rs 900 crores. 

There were negative sentiments right from the morning with shell attacks in Ukraine and accusation trades between the military and the Russian backed rebels in Ukraine. That led to the initial fall. Russia shared videos of tanks returning to the base. But US and NATO believe that it is not the end to the fear as they see it as a part of Russia’s tactics.

Ukraine President said that NATO membership is a security guard for them and they are not willing for any compromise here.

Also, Biden warned yesterday that Russia may invade soon. As a result of the chain of events, US markets fell by more than 2% and the Russian market fell by nearly 4%. Our market has been reacting violently to all the news from Ukraine and let us hope we see sanity in the markets today.

Reliance and HDFC moved higher despite global negativity. Let us keep an eye on these heavyweights.

I will be watching 17,500 on the upside and 17,200 on the downside.

Follow us on the marketfeed app’s Live Feed section to get real-time updates from the market. All the best for the day!

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Daily Market Feed Pre Market Report

Confusing News but the Markets Steady; 17,250 or 17,500? Share Market Today

News Shots 

Tata Consultancy Services announced a partnership with MATRIXX Software to offer a comprehensive next-gen subscription management platform for communication service providers.

Best Agrolife subsidiary Best Crop Science (previously known as Best Crop Science LLP) has received a licence for indigenous manufacturing of spiromesifen technical, from Central Insecticides Board and Registration Committee.

Southern Petrochemicals reported that their consolidated profit of the company in Q3FY22 grew significantly by 832 percent year-on-year to Rs 59.6 crore compared to Rs 6.4 crore in Q3FY21. Consolidated revenue grew by 15 percent to Rs 492 crore from Rs 427 crore during the same period.

Compuage Infocom received approval from the board of directors for fundraising up to Rs 50 crore through a rights issue.

Wipro received a five-year contract to drive transformation for ABB’s information systems digital workplace services. The agreement, worth over $150 million, will help ABB’s information systems deliver enhanced, consumer-grade digital experiences for its 1,05,000 employees in over 100 countries.

Infosys has been named a foundational partner for the launch of the Google Cloud Cortex Framework. Infosys will help clients accelerate digital transformation and power new business capabilities with its market-leading data, analytics and AI expertise. The company will take advantage of Google Cloud Cortex Framework, along with its strong experience in SAP and Google Cloud ecosystems, to deliver better business outcomes.

What to expect? 

NIFTY opened the day with a gap-up at 17,415 and moved down. The index bounced back from 17,280 and moved up to face resistance at 17,500. NIFTY was affected by the last hour negativity and closed the day at 17,322, down 30 points or 0.17%.

BANK NIFTY opened with a gap-up at 38,311. There was bearishness in the beginning but the index moved higher. BANK NIFTY started moving down after filling the gap and closed the day at 37,954, down 216 points or 0.57%.

NIFTY PHARMA moved up by 0.5%.

The US markets were bearish in the first half but accelerated towards the end closing the day flat. The European markets consolidated, closing slightly in the red.

The Asian markets are trading in the green except NIKKEI. The U.S. Futures and the European futures are flat.

SGX NIFTY is trading at 17,374  indicating a gap-up opening.

NIFTY has supports at 17,280, 17,210, 17,150 and 17,100. We can expect resistances at 17,380, 17,435, 17,500, 17,540 and 17,610.

BANK NIFTY has supports at 37,800, 37,550, 37,300. Resistances are at 38,400, 38,600 and 38,800.

NIFTY has the highest call OI build-up at 17,700. The highest put OI build-up is at 17,000.

BANK NIFTY has the highest call OI build-up at 38,500 and the highest put OI build-up at 37,000.

INDIA VIX  stays at 20.6.

Foreign Institutional Investors net sold shares worth Rs 1,900 crores. Domestic Institutional Investors net bought shares worth Rs 1,200 crores. 

BANK NIFTY followed the same Tuesday price action by moving below the previous day close and rallied up. But the global negativity killed the rally towards the close. NIFTY had moved better than the banks in the first half.

Russia said that they withdrew troops from the border. But NATO said that they see an increase in the strength of the Russian troops in the region for which Russia reacted by saying that NATO has got no evidence. The market participants were confused by the chain of events and there was a sell-off. The latest update is that the US officials also are of the view that Russia has increased troops which Russia has dismissed as ‘hysteria’.

UK CPI inflation came out at 5.5%, nearing a thirty-year high. The UK was the first nation to hike the interest rates to control inflation.

Fed Minutes were released yesterday and it said that the Fed will go for a rate hike in March and though this is expected, it can be a concern as to how much the rate hike will be.

News continuously makes impact on markets in a situation like this when the world is worried about a war. So, make sure that you trade with extra caution. If 17,280 is broken, we may see a fall. Let us watch 17,500 on the upside.

Follow us on the marketfeed app’s Live Feed section to get real-time updates from the market. All the best for the day!

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Daily Market Feed Pre Market Report

Good News from Russia: Markets Recover – Share Market Today

News Shots 

Burger King India closed its qualified institutional placement issue and finalised the issue price at Rs 129.25 per share, a discount of 5 percent to the floor price of Rs 136.05 per share.

Torrent Power completed transaction of acquisition of 100 percent stake in special purpose vehicle Visual Percept Solar Projects. The acquisition was as per the Share Purchase Agreement between Torrent Power, Blue Diamond Properties and Balrampur Chini Mills.

Investor Marina IV (Singapore) Pte Ltd sold a 2.14 percent equity stake in Redington India via open market transactions on February 11. As a result, its shareholding in the company dropped to 3.22 percent, from 5.36 percent earlier.

Vedant Fashions will make its debut on the BSE and NSE today. The final issue price has been fixed at Rs 866 per share. It would be the third listing in the year 2022 after AGS Transact Technologies and Adani Wilmar.

Tech Mahindra approved the proposal to acquire 80% equity shares in Geomatic.ai Pty through its subsidiary Tech Mahindra (Singapore) Pte for Rs 32.24 crore (A$6 million).

What to expect? 

NIFTY opened the day with a gap-up at 16,936. Taking resistance at 17,000, NIFTY moved down but bounced back from 16,840. NIFTY crossed the day-high and halted near 17,100 before it gave a fantastic breakout. All the resistances were broken and NIFTY closed the day at 17,352, up 510 points or 3.03%.

BANK NIFTY opened with a gap-up at 38,170 and moved down even crossing the day-low. The index gave a huge breakout after a small pause at 37,350 and crossed 38,000. BANK NIFTY closed the day at 38,170, up 1,262 points or 3.42%.

All the sectors closed in the green with AUTO moving up by 4%.

The US markets moved higher yesterday. The European markets closed well in the green.

The Asian markets also moved up following the positivity. The U.S. Futures are slightly in the red and the European futures are mixed with DAX futures flat.

SGX NIFTY is trading at 17,384 indicating a gap-up opening.

NIFTY has supports at 17,280, 17,210, 17,150 and 17,100. We can expect resistances at 17,380, 17,435-17,450, 17,540 and 17,610.

BANK NIFTY has supports at 38,000, 37,550, 37,300. Resistances are at 38,400, 38,800 and 39,000.

NIFTY has the highest call OI build-up at 17,700. The highest put OI build-up is at 17,000.

BANK NIFTY has the highest call OI build-up at 39,000 and the highest put OI build-up at 37,000.

INDIA VIX  dropped by 10% to 20.61.

Foreign Institutional Investors net sold shares worth Rs 2,300 crores. Domestic Institutional Investors net bought shares worth Rs 4,400 crores. 

It was interesting price action in BANK NIFTY. The index had moved below the previous day-low and many of the buyers’ stop loss would have got hit. A huge up-move followed and also, there was a news based recovery in the second half. Russia’s defence ministry said that some of the troops from Ukrainian borders will return to the base after drills later this week, probably on the 20th. They have already started withdrawing troops. This drove the markets higher.

With the same news, oil prices have come down. Also, the gold prices dropped. The tensions have eased and let’s hope that we will not have to see a war. At the same time, there will be dialogues in the coming days and all the events have to be watched closely as the markets will be sensitive to news related to Ukraine.

Hong Kong is facing a giant wave of Covid cases with patients waiting for treatments as the hospital facilities are unable to meet the rising cases. But we can see that the markets are trading unaffected now. If there is a lockdown that the government has ruled out now, there can be a severe impact.

India’s January exports data showed that there was a 25% rise in exports. Coal India posted good results with a 48% increase in profits YoY beating the estimates.

There are chances that the market may consolidate within a range today as it has been volatile moves in the past days. Let us watch the zone of 17,435-17,450 in NIFTY for another major up-move.

Follow us on the marketfeed app’s Live Feed section to get real-time updates from the market. All the best for the day!