Zee Business Stock, Trading Guide: 10 things to know before market opens on 15 December 2022

Zee Business Stock, Trading Guide: The Indian markets extended a surge for the second straight session on Wednesday and ended with marginal gains, following upbeat global cues. The Nifty and Sensex hovered in a narrow range till the end and finally settled at 18660.30 and 62,677.91 levels.

Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein realty, metal and IT posted decent gains while FMCG traded subdued. Besides, buoyancy on the broader front further added to the positivity as both midcap and smallcap gained over half a percent each.

Here is a list of things to watch out for on 15 December 2022

What should investors do?

Domestic markets will react to the outcome of the US Fed meeting in early trade on Thursday. A decisive move above 18,750 in Nifty would further fuel the recovery, else consolidation will resume.

Meanwhile, traders should maintain their focus on identifying stocks from the sectors which are trading upbeat. Apart from the index majors, one can selectively choose from the broader indices too, citing the recent improvement in their participation.

- Ajit Mishra, VP - Technical Research, Religare Broking Ltd.

Key support & resistance levels for Nifty50:

The Nifty50 closed 0.28 per cent higher at 18,660. Key Pivot points (Fibonacci) support for the index is placed at 18638.96, 18624.04, and 18599.9, while resistance is placed at 18687.24, 18702.16 and 18726.3.

Key support & resistance levels for Nifty Bank:

The Nifty Bank closed 0.23 per cent higher at 44,049. Key Pivot points (Fibonacci) support for the index is placed at 44000.33, 43961.65, and 43899.04, while resistance is placed at 44125.55, 44164.23, and 44226.84.

Gross Open Interest:

Open Interest means the number of contracts open or outstanding in futures trading in NSE at any one time. One seller and one buyer together create one contract.

Here the gross values of Open Interest Positions taken by the four participants namely Client are Clients are the retail individual investors who invest in the derivatives instruments, DIIs are domestic individual investors, FIIs are foreign institutional investors and Pro are the proprietors and brokerage firms who trade on their own behalf.

Image Source – Stockedge

Business News

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Stocks in News

Sapphire Foods promoter shareholders considering selling 41.4 lakh shares in 1 or more tranches and the company’s shareholder WWD Ruby considering selling up to 31.77 lakh shares in 1 or more tranches by December 21.

Ramkrishna Forgings to buy up to 51% of TSUYO Manufacturing in phases

Poonawalla Fincorp to sell its housing arm to TPG Group for Rs 3,900 cr

SBI to hike lending rates by 25 bps across loan tenures from December 15

HDFC Bank hikes most retail term deposit rates by 40-75 bps

Tamilnad Mercantile Bank enters into corporate agency agreement with Kotak Mahindra General Insurance for marketing, distribution & selling general insurance products

Power Grid Directors panel approves Rs 330.61 cr investment for Rajasthan project

AstraZeneca's Gagandeep Singh Bedi resigns as MD effective from December 31, 2022

Tata Motors bags order for 5,000 XPRES-T EVs from Everest Fleet.

Govt to sell up to 5% stake in IRCTC via (OFS & Additional) 

NTPC to sell stake in green energy business – source 

J B chemicals & Pharmaceuticals Ltd: to acquire Razel franchise from Glenmark pharma. 

PTC India ropes in SBI Capital Markets to monetise investments in its arm PTC Energy

Poonawalla Fincorp announces sale of its Housing Subsidiary to TPG for INR 3,900 Crores

NCLT to take final call on PVR-Inox leisure merger tomorrow.

FII Activity on Wednesday:

Foreign portfolio investors (FPIs) remained net buyers for Rs 372.16 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 926.45 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Image Source - Stockedge

Bulk Deals:

Equitas Holdings Limited: CDC Group Plc sold 76,04,280 equity shares in the company at the weighted average price Rs 125.04 per share on the NSE, the bulk deals data showed.

Goodluck India Limited: Arpna Capital Services Private Limited sold 1,44,391 equity shares in the company at the weighted average price Rs 496.06 per share on the NSE, the bulk deals data showed.

VRL Logistics Limited: Vijay Basavanneppa Sankeshwar sold 47,92,000 equity shares in the company at the weighted average price Rs 570.01 per share on the NSE, the bulk deals data showed.

Baheti Recycling Ind Ltd: Multiplier Share & Stock Advisors Private Limited sold 1,56,000 equity shares in the company at the weighted average price Rs 105.85 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

BHEL, Delta Corp, IndiaBull Housing Finance and GNFC are placed under the F&O ban for Thursday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.