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Any upside bounce up to 11,350-11,400 could be a sell on rise opportunity in the market, Nagaraj Shetti of HDFC Securities said. The market snapped six-day losing streak and rebounded sharply to close above 11,000 on the Nifty with more than 2 percent gains on September 25, the first day of October series. The reports of likely stimulus package from government ahead of festive season lifted sentiment. The BSE Sensex surged 835.06 points or 2.28 percent to 37,388.66, driven by rally across sectors. The Nifty50 climbed 244.80 points or 2.27 percent to 11,050.30 and formed bullish candle on the daily charts, but lost 4 percent for the week and witnessed bearish candle formation on the weekly scale. "The larger up move as per the positive sequence of higher tops and bottoms has been broken recently and Nifty shifted into a downward corrective action by the way of lower tops and bottoms in the last couple of weeks. Hence, last Thursday's low of 10,790 could be considered as a new l

According to pivot charts, the key support levels for the Nifty is placed at 11,439.37, followed by 11,373.73. The market lost momentum in last hour of trade amid mixed global cues on September 18 as bears turned strong due to selling pressure in banking & financials though hefty buying in pharma stocks capped losses to some extent. The BSE Sensex was down 134.03 points to close at 38,845.82, while the Nifty50 fell 11.10 points to 11,505 and formed Bearish Belt Hold kind of pattern on daily charts. For the week, it gained 0.4 percent and witnessed Doji kind of formation on weekly scale. Experts see rangebound movement in coming sessions and advise investors to stay cautious given the profit booking taking place on every rise. "Nifty continued to rest on the support of 200-day EMA and has failed to show any significant upside bounce from there. We observe 7-8 sessions of range movement on the daily chart and that has eventually resulted in a downside breakouts, after opening hi

In CAMS IPO, the price band has been set at between  ₹ 1,229-1,230 per share The lot size of CAMS IPO is 12 The IPO of CAMS, which acts as a registrar and transfer agent (RTA) for mutual funds, opens on Monday and closes on September 23. The price band has been set at between  ₹ 1,229-1,230 per share and the company will raise  ₹ 2,242 crore at the upper end of the band. The lot size of CAMS IPO is 12 when means that investors have to apply for a minimum of 12 shares and in multiples thereof. CAMS IPO comes amid a jump IPO activity lately, and it is the biggest offering by size in the recent times. Here are 10 things to know about CAMS IPO: 1) CAMS is a technology-driven financial infrastructure and services provider to mutual funds and other financial institutions.                                                    2) The entire quantum of shares being sold to investors in CAMS IPO is NSE's holding and there will not be any new issue of shares. The offer will see sale of 1,82,46,6

Angel Broking, one of the largest retail broking houses in India, is set to launch its initial public offer on September 22, 2020. The company, in consultation with merchant bankers, has fixed IPO price band at Rs 305-306 per share. Angel Broking plans to raise Rs 600 crore via IPO which consists of a fresh issue of Rs 300 crore and offer for sale of Rs 300 crore by promoters and investors. The offer for sale comprises a Rs 18.33 crore and Rs 4.5 crore worth of equity shares by promoters Ashok D Thakkar and Sunita A Magnani respectively, and Rs 120 crore and Rs 157.16 crore by investors IFC and individual selling shareholders respectively. The public issue will close on September 24, while anchor investors' bidding date will be September 21, i.e. one working day prior to the offer opening date. Bids can be made for a minimum of 49 equity shares and in multiples of 49 shares thereafter. Angel Broking is a technology-led financial services company that provides broking and advisory s

Google has cited its policies on gambling and betting as the reason for the ban. No official word from Paytm yet. Digital payments major Paytm’s mobile application has been removed from the Google Play Store. The search engine giant has cited its policies on gaming and betting as the reason for the move. The app, however, is still available on iOS, the play store run by Apple. The app could have been removed because of Paytm First Games, sources said. Paytm, in a statement shared on Twitter, said its Android app is temporarily unavailable on Google's Play Store for new downloads or updates but will be back very soon. The company also assured that all the money with Paytm is safe and consumers will be able to use the app for their regular transactions as usual. This is not the first time that Google has initiated such a step. In the past, Google had removed another payment application, Mobikwik, which was found to be redirecting its users to the Aarogya Setu app. Sources pointed out

Stocks in the news HCL Technologies : The company and Google Cloud expanded partnership to deliver accelerated business intelligence platform. Action Construction Equipment : ICRA assigned a long-term rating of AA- with a stable outlook to Rs 395 crore bank facilities of the company. Genus Paper & Boards : SEBI imposed a penalty on three erstwhile promoters (including the company) of Genus Prime Infra for certain non-compliances of regulations. GMR Infrastructure : Promoter entity GMR Enterprises created a pledge on 3.75 crore equity shares of the company. B&A Packaging India : CRISIL upgraded the company's long term credit rating to BBB/Stable from BBB-/Stable and short term rating to A3+ from A3. Dhanuka Agritech : The company approved the proposal of buyback of shares worth up to Rs 100 crore and fixed September 28 as record for determining the entitlement of equity shareholders.

The market on September 16 continued its uptrend for the second consecutive session with the Nifty reclaiming the 11,600 mark for the first time since August 28, backed by buying in almost all sectors. The BSE Sensex climbed 258.50 points to close at 39,302.85, while the Nifty50 rose 82.70 points to 11,604.50 and formed a bullish candle on the daily charts. "Nifty moved above the crucial overhead resistance around 11,580 and closed higher (previous opening downside gap of September 4 and the uptrend line, connecting previous rising lows). This action could bring hopes for bulls and one may expect Nifty to test the next upside levels of 11,795 in the near term (high of long bear candle of August 31)," Nagaraj Shetti, Technical Research Analyst at HDFC Securities, told Moneycontrol. "After the formation of the Bearish Engulfing pattern on the daily and weekly chart, the Nifty has failed to show any significant decline in the last 8-10 sessions. Wednesday's attempt to m