Gift nifty and global markets indicating neutral.
ADR’s are also neutral.
FII’s sold 4.9 cr and DII’s sold 3.8 cr overall negative.
Markets built more orders from past three days which remains to be side ways with slight volatility.
Expecting a sideways to slight positive to be build more orders for a good move.
Due to results and pooja festivals market may react slowly as many wont be available at week ends to trade.
The passing of former chairman Ratan Tata at age 86 has put Tata Group stocks, including Tata Motors, Tata Steel, and Tata Consultancy Services, in the spotlight.
* Tributes from industry leaders and Prime Minister Modi highlight Tata’s significant impact on the company and the Indian business landscape.
* Tata Group companies are expected to report strong earnings, with shares having risen significantly in 2024, delivering up to 19% returns to investors so far.
* China’s stock market opened lower as investors await potential fiscal stimulus announcements from a finance ministry press conference scheduled for Saturday.
* The blue-chip CSI300 Index dropped 0.7% and the Shanghai Composite Index edged down 0.4% at the market open.
* Despite recent gains from earlier stimulus measures, the market momentum has slowed this week, leading to cautious investor sentiment.
A total of 12 stocks, including Chambal Fertilizers and IDFC First Bank, are under a futures and options trade ban due to exceeding market wide position limits.
* Chambal Fertilizers has a market wide position limit (MWPL) of 112.5%, while IDFC First Bank’s MWPL stands at 87.2%.
* The ban is enforced when open interest crosses 95% of MWPL and is lifted only when it falls below 80%
