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sensex today: Stock Market Highlights: Nifty forms bullish candle. What traders should do


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Wall St opens higher on gains in Walgreens, Best Buy

The Dow Jones Industrial Average rose 109.8 points, or 0.33%, at the open to 33810.05. The S&P 500 rose 15.6 points, or 0.39%, at the open to 3965.51​, while the Nasdaq Composite rose 34.0 points, or 0.31%, to 11058.559 at the opening bell.

Adani Enterprises to weigh at least $1.8 billion share issue as soon as 2023

Board meeting on November 25 to consider and approve proposal of raising of funds.

FTX holds $1.24 billion cash balance before bankruptcy hearing

FTX has a total cash balance of $1.24 billion, a court filing by advisers on the stricken crypto exchange’s restructuring showed ahead of U.S. bankruptcy hearings set for later on Tuesday.The collapse of FTX, once one of the world’s largest cryptocurrency exchanges, has left an estimated 1 million creditors facing losses totaling billions of dollars.Its cash balance as of Sunday was “substantially higher” than previously thought, Monday’s filing by Edgar Mosley of Alvarez & Marshal, a consultancy firm advising FTX, said.It includes around $400 million at accounts related to Alameda Research, the crypto trading firm owned by FTX founder Sam Bankman-Fried, and $172 million at FTX’s Japan arm.

FTX holds $1.24 billion cash balance before bankruptcy hearing

The fight between the bulls and the bears continued in the Bank Nifty index and the day ended on a flat note. The index is on the verge of a breakout which will be triggered above the level of 42,600 on a closing basis. The undertone remains bullish and the support is visible at the 42,200-42,000 zone which will act as a cushion for the bulls. The open interest data suggest 42,000 as a line of defense as the highest open interest is built up on the put side.

– Kunal Shah, Senior Technical Analyst at LKP Securities

Nifty started flat following global peers and moved up higher by the end of the session. On the higher end, it moved back above 18200. A bullish harami pattern on the daily chart suggests a recovery in the term. The trend looks sideways to positive. Going forward, 18200 may provide immediate support below which the index may drift down towards 18100. On the higher end, resistance is visible at 18300/18450.

– Rupak De, Senior Technical Analyst at LKP Securities

Nykaa’s CFO Arvind Agarwal resigns

Nykaa's CFO Arvind Agarwal resigns

OECD forecast: High rates, inflation to slow world growth

Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.That was the sobering forecast issued Tuesday by the Paris-based Organization for Economic Cooperation and Development. In the OECD’s estimation, the world economy will grow just 3.1% this year, down sharply from a robust 5.9% in 2021.Next year, the OECD predicts, will be even worse: The international economy would expand only 2.2%.

OECD forecast: High rates, inflation to slow world growth

Vedanta announces third interim dividend of ₹17.50 per equity share for FY2022-23 amounting to ₹6,505 crore

Vedanta announces third interim dividend of ₹17.50 per equity share for FY2022-23 amounting to ₹6,505 crore

After three days of risk aversion, the domestic market experienced a relief rally in response to a bullish trend in global markets. The tight COVID lockdown in China, however, has negatively impacted the forecast for global growth. FII interest has also reduced significantly as a result of the increased likelihood of stricter Fed policies.

– Vinod Nair, Head of Research at Geojit Financial Services

Rupee edges up after four days of losses, RBI hand likely

The Indian rupee snapped four session of declines to close higher tracking slight weakness in the greenback, while traders pointed to the Reserve Bank of India selling dollars.The partially convertible rupee ended at 81.6650 per dollar against its previous close of 81.84, having traded in a narrow range all day.Some market participants pointed to the RBI selling dollars via public sector banks to keep the currency from falling to 82 per dollar.

Rupee edges up after four days of losses, RBI hand likely

Closing Bell: Sensex snaps 3-day losing run, ends 274 pts higher; Nifty tops 18,200; UCO Bank jumps 12%, Paytm tanks 11%

Closing Bell: Sensex snaps 3-day losing run, ends 274 pts higher; Nifty tops 18,200; UCO Bank jumps 12%, Paytm tanks 11%

Life Insurance Corp raises stake in Tech Mahindra to 6.874%

Life Insurance Corp raises stake in Tech Mahindra to 6.874%

Minda Corporation announces technology license deal with Loconav India

Price as on 22 Nov, 2022 03:17 PM, Click on company names for their live prices.

LIC withdraws popular 2 term insurance products from the market. The company launched the products on 1 September 2019, according to sources.

Gold gains Rs 30; silver climbs Rs 856

Gold price in the national capital rose Rs 30 to Rs 52,731 per 10 grams on Tuesday amid appreciation in rupee, according to HDFC Securities. In the previous trade, the yellow metal had touched Rs 52,701 per 10 grams.Silver also climbed Rs 856 to Rs 61,518 per kilogram.

Gold gains Rs 30; silver climbs Rs 856

BHEL pays Rs 88 crore as final dividend for FY2021-22 to govt

BHEL pays Rs 88 crore as final dividend for FY2021-22 to govt

EaseMyTrip and Assam Tourism Development Corporation inks MOU

Price as on 22 Nov, 2022 02:22 PM, Click on company names for their live prices.

Paytm slumps to new low as Macquarie sees risk from Ambani’s financial foray

Shares of One 97 Communications Ltd., the parent of India’s leading digital payments brand Paytm, plunged to a record low on Tuesday after Macquarie Group Ltd. analysts flagged risks from billionaire Mukesh Ambani’s foray into the financial services business.

Reliance Industries Ltd.’s Jio Financial Services Ltd. “can pose a significant growth and market-share risk” for players such as Paytm and Bajaj Finance Ltd., Macquarie analysts led by Suresh Ganapathy wrote in a note on Monday.

The shares fell more than 11% in Mumbai, to head for their lowest level since the company’s debut on exchanges last November. The stock has dropped about 75% from its listing price as Paytm’s losses widened and SoftBank Group Corp. lowered its stake in the company.

Paytm slumps to new low as Macquarie sees risk from Ambani's financial foray

Solar Industries India issues commercial paper in favor of Axis Bank

Price as on 22 Nov, 2022 01:59 PM, Click on company names for their live prices.

Realty pack emerges worst D-Street performer. Check out the top losers from the sector

Price as on 22 Nov, 2022 01:17 PM, Click on company names for their live prices.

What’s behind crude oil volatility?

Steel Strips signs MoU with Israel-based Redler Tech to form JV for Electric Vehicles

Price as on 22 Nov, 2022 12:35 PM, Click on company names for their live prices.

L&T has purchased entire stake held by Chiyoda Corporation in L&T-Chiyoda for Rs 75 crore

Price as on 22 Nov, 2022 12:19 PM, Click on company names for their live prices.

Japanese shares end higher; caution ahead of Fed minutes limit gains

Japanese shares ended higher on Tuesday, as the yen’s weakness against the U.S. dollar raised prospects of a better outlook for domestic manufacturers, although caution ahead of the release of the Federal Reserve’s minutes of policy meeting limited gains. The Nikkei share average rose 0.61% to close at 28,115. 74, while the broader Topix climbed 1.12% 1,994.75. “There were no specific market-moving cues but investors liked the yen’s weakness. Investors probably bought back stocks to cover their short positions ahead of a market holiday tomorrow as the yen may weaken further after comments from the Federal Reserve,” said Yutaka Miura, senior technical analyst at Mizuho Securities.

Source: Reuters

Paytm plunges to record low. Read why!

Paper and packaging board company JK Paper on Monday said it will acquire Horizon Packs Private Ltd and Securipax Packaging Private Ltd in phases for about Rs 578 crore.

Price as on 22 Nov, 2022 11:49 AM, Click on company names for their live prices.

Sensex gains 200 points, at day’s high

Sensex gains 200 points, at day's high

Trading 59% below its 52-week high, shares of FSN E-Commerce Ventures, which runs beauty and fashion platform Nykaa, tanked over 4% on Tuesday, falling for the second straight day. Lighthouse India was looking to sell Nykaa shares worth Rs 335 crore via a block deal at a price band of Rs 180-183.50 per share.

Price as on 22 Nov, 2022 11:37 AM, Click on company names for their live prices.

These stocks tanked up to 5% in a firm market

Price as on 22 Nov, 2022 11:27 AM, Click on company names for their live prices.

What’s behind falling crude oil prices? Read this!

PAYTM HITS 52-WEEK LOWS

PAYTM HITS 52-WEEK LOWS

Adani group’s open offer to acquire an additional 26% stake in the media firm New Delhi Television (NDTV) from the market kicked off from today. The offer, for which a price band of Rs 294 per share has been fixed, will open on November 22 and closes on December 5, said a notice by JM Financial, the firm managing the offer on behalf of Adani Group firms.

Price as on 22 Nov, 2022 10:28 AM, Click on company names for their live prices.

Food services company Jubilant Foodworks has received approval of its board to set up a subsidiary to run Domino’s Pizza business in Nepal, the company said on Monday. The subsidiary will be set up under Jubilant FoodWorks International Luxembourg.

Price as on 22 Nov, 2022 10:23 AM, Click on company names for their live prices.

Few of our users are unable to check or modify their orders on Kite, says Zerodha

PSU Bank stocks on a high! Here’s a lowdown on risk-reward ratio of PSU banks

Anil Agarwal-led diversified minerals company Vedanta will discuss a third interim dividend for FY23 at its board meeting scheduled for today. Vedanta has fixed November 30 as the record date to determine shareholders’ eligibility for the dividend.

Price as on 22 Nov, 2022 09:51 AM, Click on company names for their live prices.

Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The weakness in the market is likely to continue in the near-term. With the dollar index rebounding to above 108, FIIs may sell again or at least refrain from big buying. There are no positive triggers now that can take the market much higher from the current levels. The Covid spread in China is likely to impact Chinese growth and, therefore, further weakness in crude and metals is likely. Long-term investors can utilize the weakness in the market to buy high quality stocks in banking, telecom, capital goods, IT and autos and blue chips across sectors.

UCO Bank, Bank of Maharashtra, PNB among most active stocks on NSE

Price as on 22 Nov, 2022 09:27 AM, Click on company names for their live prices.

76.2 lakh UCO Bank shares change hands via block deals

Price as on 22 Nov, 2022 09:21 AM, Click on company names for their live prices.

Opening Bell: Sensex gains marginally, Nifty nears 18,200; UCO Bank, Easy Trip Planners surge 7% each

Opening Bell: Sensex gains marginally, Nifty nears 18,200; UCO Bank, Easy Trip Planners surge 7% each

INDIAN RUPEE OPENS UP 0.15% AT 81.7200 PER U.S. DOLLAR; PREVIOUS CLOSE 81.8400

INDIAN RUPEE OPENS UP 0.15% AT 81.7200 PER U.S. DOLLAR; PREVIOUS CLOSE 81.8400

Pre-open session: Sensex down 20 points; Nifty below 18,180

Glenmark Pharmaceuticals reaches settlement agreement with Pfizer for Axitinib Tablets

Price as on 22 Nov, 2022 09:00 AM, Click on company names for their live prices.

Asian shares mostly down

Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs and that further restrictions could cause supply chain disruptions.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 38.5 points, or 0.21 per cent, higher at 18,243.50, signaling that Dalal Street was headed for a positive start on Tuesday.

Tech View: Nifty forms long negative candle

Headline equity index Nifty today formed a long negative candle on the daily chart, indicating ongoing downward correction in the market. The index has been making lower highs on the daily scale the last three trading sessions.

Tokyo stocks open higher ahead of holiday

Tokyo stocks opened higher on Tuesday, bucking a downturn on Wall Street as markets fretted over the implications of China’s latest Covid-19 wave. The benchmark Nikkei 225 index was up 0.44 percent, or 123.48 points, at 28,068.27 in early trade, while the broader Topix index was up 0.64 percent, or 12.72 points, at 1,985.29.

Wall Street slips as concerns rise of stricter China COVID curbs

Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic.

Oil rises after Saudis deny report of OPEC+ supply increase

Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies. Brent crude futures rose 17 cents, or 0.2%, to $87.62 by 0007 GMT. U.S. West Texas Intermediate (WTI) crude futures for January began trading Tuesday, rising 7 cents, or 0.1%, to $80.11 a barrel.

Rupee falls 5 paise to close at 81.79 against US dollar

The rupee depreciated by 5 paise to close at 81.79 against the US dollar on Monday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities.

Sensex, Nifty on Monday

The 30-share Sensex ended 519 points lower at 61,145, while its broader peer, Nifty50, ended just above the 18,150 mark.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





Read More: sensex today: Stock Market Highlights: Nifty forms bullish candle. What traders should do

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