HDFC securities @hdfcsec
25+ Years of Powering India's Investments HDFC securities Limited | SEBI Registration No.: INZ000186937 Disclaimer: https://t.co/DkT7tKI6RQ t.me/OfficialHDFCse… Mumbai Joined May 2010-
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Stop trading the Nifty until you see this. The sideways move is reaching a breaking point. Range bound action continued in the market on Wednesday and the Nifty closed the day higher by 26 points amidst minor volatility. A small body candle was formed on the daily chart with long upper shadow. Similar candle pattern has been formed back-to-back for the last two sessions. This action signals a choppy movement in the market. Nifty is currently hovering within a narrow range of around 24200-24000 levels and is showing a lack of strength to sustain the highs. A decisive move beyond the range could open sharp movement on either side. The current sideways range movement is expected to continue for the next 1-2 sessions. Immediate supports to be watched at 24000 followed by 23800 levels. Prime Research
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MTF POSITIONAL PICK: BUY RACLGEAR AT 1385-1372.10 (CMP 1372.10) AVG AT 1305 SL 1265 TGT 1510, 1605 TIME FRAME: Upto 2 Months Full Report: shorturl.at/0bHWs For detailed disclaimers & disclosures please refer to hdfcsec.com/research-analy…
The IPO remains open for subscription until July 16. With strong retail interest and a healthy GMP, all eyes are now on the remaining subscription days. Will SBI Funds Management IPO make it to your portfolio? Apply today on InvestRight app! #IPO #SBIFundsManagement #StockMarket #Investing
SBI Funds Management IPO: Day 1 Update India’s largest AMC has made a steady start in the primary market. • IPO subscribed 35% on Day 1. • Retail portion subscribed 60%. • NII portion subscribed 41%. • GMP indicates a potential 16% listing gain.
Nifty snaps three-day winning streak on weak global cues and Surge in crude prices Nifty snapped its three-session winning streak, declining 158 points to close at 24,052. The index opened lower by 143 points and attempted a recovery from the early morning low during the first half. However, the momentum faded in the second half, leading to an intraday decline of 123 points from the mid-session high. Among Nifty constituents, Bharti Airtel, Apollo Hospitals and Sun Pharma were the top performers. HCL Tech, Shriram Finance and HDFC Life faced selling pressure and finished as the session’s main laggards. Sectoral performance was mixed. Pharma, Healthcare and Metals ended higher, while Realty, PSU Banks and Auto underperformed and posted the biggest losses. Broader markets echoed the benchmark’s weakness, with the Nifty Midcap 100 and Nifty Smallcap 100 falling 0.44% and 1.01% respectively. Market breadth weakened after three days, the BSE advance-decline ratio slipping to 0.55, signaling profit-taking in the mid- and small-cap space. The Indian rupee underperformed its Asian peers, depreciating 58 paise to close at 96.20, its weakest level in a month. A surge in crude prices amid rising geopolitical tensions weighed heavily on the currency, while higher global bond yields could dampen expected inflows into the FCNR(B) scheme, adding further pressure. Technically, on weekly expiry Nifty closed close to its 20 DEMA at 24,029, underscoring that level as immediate support. The index remains in a consolidation phase. Looking ahead, the recent swing high near 24,260 is likely to act as near-term resistance, while support is placed around 23,800. HSL Prime Research
Global Megatrends to Watch: AI, Clean Energy, Semiconductors & Beyond x.com/i/broadcasts/1…
SBI Funds Management IPO is now open. But should you consider it? India’s largest asset management company is hitting the markets with a price band of ₹545 - ₹574 per share. The IPO is open from 14th to 16th July. One important detail: it’s a 100% Offer For Sale (OFS), so the proceeds will go to existing shareholders, SBI and Amundi. With a strong market position and India’s mutual fund industry continuing to grow, it’s an IPO that’s likely to be on many investors’ radar. Source: SEBI Tap the link to apply: investright.onelink.me/Xwlu/IPO_SBIFU… For more such information, Follow HDFC Securities. #SBIFundsManagementIPO #NewIPOAlert #HDFCSecurities
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