Nifty Metal extended gains from the previous session to rise by 1.1% and was the best performer among the other sub-indices.
Hindalco Industries and JSW Steel, aluminum and copper producers, topped the list of gainers on the Nifty 50, jumping 1.8% and 1%, respectively.
Market participants will shift their focus to meeting later in the day the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, where they may decide to maintain current production levels or even cut production to support prices. , although supplies remain in short supply.
!1 new updateClick here for the latest updates
OPEC + discusses cutting oil production by 100,000 barrels per day: Reuters
An OPEC+ source said that OPEC+ will discuss oil production cuts of 100,000 barrels per day among other options at its meeting on Monday.
IB Realty is among the top 5 real estate package winners
Price on Sep 05, 2022 02:05 PMClick on company names to see their live prices.
European shares slide as Nord Stream 1 closes still
European shares fell on Monday after Russia extended a halt to gas flows through its Nord Stream 1 pipeline to Europe, raising concerns about energy prices and growth and prompting governments to announce emergency measures. The pan-European Stoxx 600 was down 1.6% by 0713 GMT, while Germany’s DAX was down 2.8%. German utilities including Uniper, RWE, E.ON and PNE fell between 3.5% and 11%.
KPI Green Energy is preparing a green hybrid capacity totaling 16.10 MW in Bhavnagar, under the Gujarat Hybrid Energy Policy 2018.
Price on Sep 05, 2022 01:21 PMClick on company names to see their live prices.
Lenders Bellwether HDFC Bank and State Bank of India (SBI) plan to collectively raise up to Rs 10,000 crore through perpetual bond sales this week, people familiar with the matter told ET, citing booming credit demand in a recovering economy that has become Now the world. Fifth largest.
Price on Sep 05, 2022 01:17 PMClick on company names to see their live prices.
Reliance Power and its subsidiaries have signed an agreement with Varde Partners to avail debts of up to Rs 1,200 crore. In a regulatory filing, Reliance Power said the company and its subsidiaries have entered into an indicative Memorandum of Understanding with Varde Partners to leverage debts of up to 1,200 crore (US$150 million) for “settlement, offloading and/or acquisition and restructuring of certain financial debts which have benefited Reliance Power Corporation.
Price on Sep 05, 2022 12:58 PMClick on company names to see their live prices.
Inventory Focus: Tata Motors
#StocksInFocus | Tata Motors launches new dump trucks, vans, trucks CNGTataMotors #StockMarket #StocksToWatch https://t.co/KeZJ6Zh1v5
And the[مدش]. ET NOW (ETNOWlive) 1662361554000
These stocks defy market mood, drop to 5%
Price on Sep 05, 2022 12:44 PMClick on company names to see their live prices.
NSE shares surged to 52-week highs in trading today
Blue Jet Healthcare submits draft papers for IPO with Sebi
Blue Jet Healthcare, a pharmaceutical and healthcare intermediary, has filed a draft red prospectus (DRHP) with market regulator Sebi for an initial public offering (IPO). The proposed issue will be a complete Offer for Sale (OFS) of up to 21,683,178 Shares of Stock by Promoters and Sale of Shareholders comprising of 18,366,311 Shares by Akshay Bansarilal Arora and up to 3,316,867 by Shavin Akshay Arora.
The more we stick around in the face of global headwinds, the higher the market risk. People think flexibility makes the market safer but the opposite is true. So we have to be careful in the short term. We need to see how things turn out and it will be difficult for Indian markets not to correct if the global correction continues.
– Sandip Sabharwal, asksandipsabharwal.com
Dixon Technologies signs deal with Google over sub-licensing rights
Price on Sep 05, 2022 11:37 AMClick on company names to see their live prices.
Check out the top gainers from the banking package
Price on Sep 05, 2022 11:22 AMClick on company names to see their live prices.
News report on a merger between a federal bank and another private bank (Kotak Bank) speculative in nature, clarifies the former
Price on Sep 05, 2022 11:04 AMClick on company names to see their live prices.
Services activity in India grew faster in August; Employment at its highest level in 14 years
- A special survey showed that India’s dominant service industry grew faster than expected in August thanks to a strong expansion in demand and continued easing in cost pressures, encouraging companies to hire at the fastest pace in more than 14 years.
- Driven by strong growth in services and manufacturing activities, Asia’s third-largest economy expanded at its fastest annual pace in a year during the April-June quarter.
- However, this momentum is unlikely to continue over the coming quarters as higher interest rates, mounting price pressures, and mounting concerns about a global recession pose significant risks to the economy.
Aditya Birla AMC joins the race for a stake in UTI AMC: ET NOW Sources
Price on Sep 05, 2022 10:59 AMClick on company names to see their live prices.
Analysts said that the percentage of short selling in index futures contracts – a measure of market sentiment – of investor positions abroad fell to a two-month low of 19%, which could make the ride difficult next week. The percentage of short selling fell from 76% on Tuesday to 37% on Thursday and 19% on Friday, indicating that the FPI has suddenly turned bearish in the Indian market with a short position of 81%.
Media and entertainment package gains; These are the best performers
Price on Sep 05, 2022 10:33 AMClick on company names to see their live prices.
India’s 10-Year Bond A Good Bet on a Long Position: Morgan Stanley
- Morgan Stanley sees a “good opportunity” for JPMorgan to include Indian government bonds in its index, and recommended a buy on the benchmark 10-year bond yield.
- “We now believe there is a very good chance that JPM will announce the inclusion of the Indian Bond Market Index in mid-September,” strategists Min Dai and Madan Reddy said in a note.
- “We recommend a strong INR position and a lower G-Sec return tactically. We would like to add a short limit order for the EUR/INR pair and a long 10-year G-Secs, targeting 25 basis points lower from here.”
Most analysts said the required valuations are attractive when compared to their peers, but that the bank’s future growth will be subject to pending legal proceedings. Therefore, some of them have a “subscribe” rating on the problem from a long-term perspective.
The week starts with a modest bearish target between 17440 and 370, before the bulls have a chance to fight back. Not being able to get past 17,580, that would restart the 17000-16650 area again.
– Anand James – Chief Market Strategist at Geojit Financial Services
Market Drivers: YES Bank, Voda Idea, and Trident are among the most active stocks on NSE in early trading
Price on Sep 05, 2022 09:45 AMClick on company names to see their live prices.
Digital financial services company One97 Communications (Paytm), which operates under the Paytm brand, on Sunday denied any association with merchants subject to Enforcement Administration scrutiny in the case of China loan application.
Price on Sep 05, 2022 09:29 AMClick on company names to see their live prices.
The US job creation and employment data released last Friday are favorable from a stock market perspective. Job creation (315,000 in August) remains strong, indicating the strength of the economy. This would have called for a hawkish action by the Fed on September 21st, but the rise in unemployment from 3.5% to 3.7% and declining wage growth reflects a slowing economy and proof that higher interest rates are paying off. The Fed may raise the rate again by 75 basis points this month; It is also possible that the upside is 50 basis points. Either way, the market is unlikely to be surprised. India is currently the best performing market globally. FIIs that convert buyers have added strength to the market. Derivatives data indicates higher volatility in the future.
– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
Sensex Heatmap: Kotak Bank Best Performing, Nestle Worst
Opening the bell: Sensex earned over 200 points, Nifty over 17,550; High Suzlon 10%, Bajaj Hindustan Sugar 5%
Buying or Selling: Stock Ideas by the Experts for September 05, 2022
Angel One’s average daily trading volume in August was up 20.1% from the previous month, up 117.9% year over year.
Asian stocks fall, the euro suffers from an energy crisis
Asian stocks fell on Monday as the euro suffered a fresh leak after Russia shut down a major gas pipeline to Europe, prompting some governments there to announce emergency measures to ease the pain of rising energy prices.
SGX Nifty indicates a negative start
Nifty futures on the Singapore Stock Exchange traded 43 points, or 0.25 percent, down at 17,496, indicating that Dalal Street is heading for a negative start on Monday.
Quarterly earnings today
Among the companies that will announce their quarterly earnings today are Fedders Electric & Engineering, Marg Techno Projects, Sri Krishna Constructions and Indosolar.
Tech offer: Nifty50 may be incorporated in a wider range of 17,300 to 800
Friday’s Nifty50 formed a double inner bar pattern on the daily scale, reflecting indecision. On the weekly scale, the indicator formed a bullish candle with an upper wick, reflecting selling at the higher levels. Analysts said that the index may continue to trade in the consolidation phase unless it breaks through the 17300-800 range decisively.
Oil prices rose more than a dollar a barrel before the OPEC + meeting
Oil prices jumped more than $1 a barrel on Monday, extending gains as investors await potential moves by OPEC+ producers to adjust production and support prices at a meeting later in the day.
Tokyo stocks open lower after US losses
Tokyo stocks opened lower on Monday, extending the decline on Wall Street as sentiment worsened after Russia said it would keep a major gas pipeline to Germany offline. The Nikkei 225 index fell 0.31 percent, or 85.23 points, to 27565.61 in early trading, while the broader Topix index fell 0.29 percent, or 5.65 points, to 1924.52 points.
Wall Street ends the week on a bearish note as jobs report fades
US stocks closed the trading week lower on Friday, as early gains from a jobs report that showed a labor market that may begin to recede gave way to concerns about the European gas crisis.
The rupee fell by 31 pounds to close at 79.87 against the US dollar
The rupee fell 31 baisas to close at 79.87 against the greenback on Friday due to strong demand for dollars from importers and losses in their Asian counterparts.
Sensex, Nifty on Friday
The Sensex 30-share index rose 36.74 points to close at 58803.33. As for its broader counterpart, Nifty50, it closed at 17539.45, down 3.35 points.
Good morning, dear reader! Here’s something to start your trading day