What changed your market while you were asleep




HDFC Mutual Fund bought 32.07 lakh shares, or a 4.6% stake, in Just Dial at Rs 375 per share on Tuesday, bulk deal data on the National Stock Exchange showed. NSEBSETapariaLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESSREI Infrastructure …Loading data…

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      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESMotilal OswalLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESJaypee InfratechLoading data…

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            ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESJaypee InfratechIDBI BankEXPAND TO VIEW ALL While the global setup remains weak and technical charts suggest only limited upside, will the Nifty50 stay above 9,950? Let’s check out what all might influence Dalal Street through the day:

            Singapore trading sets stage for negative opening
            At 6.20 am, Nifty50 futures on the Singapore Stock Exchange were trading 33.50 points, or 0.34 per cent, lower at 9,941, indicating a negative opening for the domestic market.

            Nifty formed Harami candle on daily chart
            In a two-candlestick bullish Harami, a large candlestick (Bearish Engulfing on Monday) is followed by a small candlestick where the body of the smaller candlestick is located within the vertical range of the previous session’s body. The pattern often indicates a possible reversal of the bearish trend.

            “The Nifty50 formed a ‘Haramai candle’ as it traded inside the trading range of last session. It has got stability after a sharp decline on Monday. But the index needs to hold above 9,928 to head towards multiple hurdle of 9,980 and 10,020 levels,” said Chandan Taparia of Motilal Oswal Securities.

            Services PMI improves, but in contraction mode
            Services activity remained subdued in August though the Nikkei India Services PMI Business Activity Index rose to 47.5 from a five-year low of 45.9 in July. A value below 50 suggests contraction.

            Two IPOs open today
            Noida-based consumer electronics and lightning products maker Dixon Technologies (India) on Tuesday raised Rs 179.8 crore by allotting 10.18 lakh shares to anchor investors at the higher end of the IPO price band of Rs 1,760-Rs 1,766 per share. The issue opens on Wednesday. Besides Bharat Road Network, a Srei Infrastructure Finance initiative, will sell up to 2.93 crore equity shares in Rs 195-205 range .

            IDBI Bank moves SC on Jaypee Infra
            Seeking to recover dues from Jaypee Infratech, IDBI Bank urged the Supreme Court on Tuesday to lift the stay order on insolvency proceedings.

            HDFC MF buys 4.6% stake in Just Dial
            HDFC Mutual Fund bought 32.07 lakh shares, or a 4.6% stake, in Just Dial at Rs 375 per share on Tuesday, bulk deal data on the National Stock Exchange showed.

            ICICI Lombard gets Sebi nod for IPO
            ICICI Lombard General Insurance Company has got capital markets regulator Sebi’s go-ahead for its estimated Rs 6,000 crore initial public offer, which could be the first by a general insurer in the country.

            Asian markets open lower
            Asian stocks tracked Wall Street’s slide overnight to slip on Wednesday while the dollar was on the defensive with tensions in the Korean Peninsula showing little signs of abating, Reuters reported. Asian stocks fell as nations grapple with how to deal with escalating provocations from North Korea. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.15 per cent. Japan’s Nikkei shed 0.55 per cent and Australian stocks lost 0.3 per cent. South Korea’s Kospi was down 0.2 per cent and on track for its fifth straight day of losses.

            US stocks settle sharply lower
            US stocks sank on Tuesday, with the S&P500 stumbling to its biggest single-day loss in about three weeks. With US markets closed on Monday for the Labor Day holiday, Tuesday marked the first regular trading since the geopolitical developments. The Dow Jones Industrial Average index declined 234.25 points, or 1.07 per cent, to 21,753, the S&P500 index fell 18.7 points, or 0.76 per cent, to 2,457. The Nasdaq Composite index dropped 59.76 points, or 0.93 percent, to 6,375.




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