Latest news with #VLAAmbala
India Today
2 days ago
- Business
- India Today
Will Sensex, Nifty rally today after Wall Street closed at a record high?
Dalal Street is expected to open higher today after Wall Street closed at record highs overnight. The US market closed at record high as fresh data from the United States eased concerns about an economic slowdown in the world's largest economy.U.S. retail sales showed improvement in June, ending a two-month decline. At the same time, fewer Americans filed for jobless claims than expected, which suggested strength in the labour market. These signals boosted investor confidence, not just in the U.S. but across global NIFTY SIGNALS A POSITIVE STARTAccording to early morning data, Gift Nifty futures were trading at 25,182 points as of 8:30 am. This indicates that the Nifty 50 could open higher than Thursday's closing level of 25,111.45.'We can expect Nifty to find support between 25,020 and 24,940 and face resistance near 25,200 and 25,290 in the upcoming session,' said VLA Ambala, Sebi Registered Research Analyst and Co-Founder of Stock Market MARKETS FOLLOW GLOBAL CUESAsian markets were trading in the green early on Friday. The MSCI Asia-Pacific index outside Japan was up 0.7%. In the U.S., both the S&P 500 and the Nasdaq hit record closing highs on gains were driven by strong U.S. retail sales and a decline in weekly jobless claims, which eased some worries about a slowdown in consumer STILL FACING PRESSUREDespite the global cues, Indian markets have struggled this week. So far, the benchmark Nifty 50 has fallen 0.2% for the week. This follows two straight weeks of losses. Much of the pressure has come from a weak start to the earnings season, especially from major IT firms like Tata Consultancy Services and HCLTech, whose results failed to meet there was some relief on Thursday when Wipro posted better-than-expected results. The company saw improved client spending in parts of its Americas business. Following the results, its U.S.-listed shares rose 3.4%.Investors will be closely watching Reliance Industries on Friday. The company is set to release its first-quarter earnings report, which could have an impact on overall market VIEW: SUPPORT AND RESISTANCE ZONESAccording to analysts at Bajaj Broking, Nifty formed a bearish candlestick pattern in the previous session, marked by a lower high and a lower low. This shows signs of profit booking around the 20-day Exponential Moving Average (EMA).'The index has seen only a mild pullback, correcting about 50% of its previous upward move. This, combined with a time-based correction, points to a healthy trend. It is forming a higher base around the key support of 25,000,' said Bajaj added, 'For now, the index faces resistance around 25,250. A move above this level could push Nifty towards 25,350 and even 25,600 in the coming weeks. But if it fails to break this level strongly, we could see some sideways movement between 25,000 and 25,250. Key support lies between 24,900 and 25,100.'(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch advertisement
India Gazette
01-07-2025
- Business
- India Gazette
Indian markets end flat amidst mixed sectoral performance
Mumbai (Maharashtra) [India], July 01 (ANI): The Indian stock markets ended their day in green, marginally above yesterday's closing level, after snapping a four-session winning streak in the previous session. At the end of the trading session, Nifty was up 15.30 points or 0.06 per cent at 25,532.35 and the BSE's Sensex was up by 33.24 points or 0.04 per cent, reaching 83,639.70. 'Nifty has closed above the previous day's low, indicating yesterday's sell-off was only a temporary profit-booking pause in the rally,' said Praveen Dwarakanath, Vice President of 'The smaller time frame momentum indicators are sloping upside, indicating a further rally from the current levels,' he added. Among the index constituents, Apollo Hospitals, Bharat Electronics Ltd (BEL) and Reliance Industries emerged as the top gainers, while Nestle India and Axis Bank were the major losers. On the sectoral front, Nifty Media, Nifty FMCG and Nifty Financial Services 25/50 closed in the red zone, while Nifty PSU Bank and Nifty Oil & Gas ended the day in the positive zone. On Wednesday, out of 3,020 traded stocks 1,491 advanced for the day, while 1,452 ended the day in the red territory. Seventy-seven stocks remained unchanged for the day. 'India's upcoming trade deal will be a key event that is expected to have an impact on specific sectors rather than affecting the overall market index,' according to VLA Ambala, co-founder of Stock Market Today. 'For the upcoming sessions, the limelight will be mainly on sectors like agriculture, gems, auto, textiles, electronics, pharma, renewables/EVs, handicrafts, and energy. Traders should observe the prices and developments to identify gain opportunities,' VLA Ambala added. On the precious metal side, Gold traded with modest gains, rising by 1.58 per cent to USD 3,359.25 in Comex and 1.29 per cent to Rs 97,305 in MCX as of 15:46 IST. (ANI)
Mint
01-07-2025
- Business
- Mint
Crizac IPO: 4 key reasons why this public issue may be worth a look
The initial public offering (IPO) of B2B (business-to-business) education platform Crizac Limited is set to open on Wednesday, July 2, and will remain open until Friday, July 4. The ₹ 860.00 crore mainboard IPO is entirely an offer for sale (OFS) of 3.51 crore shares. The price band of the Crizac IPO has been fixed at ₹ 233 to ₹ 245 per equity share. The company is expected to finalise the share allotment on Monday, July 7, and the stock will debut on the BSE and the NSE on Wednesday, July 9. Crizac's profit has increased significantly over the last couple of years. The company's profit after tax (PAT) stood at ₹ 112.14 crore in FY23, which rose to ₹ 118.90 crore in FY24 and ₹ 152.93 crore in FY25. Revenue from operations was ₹ 472.97 crore in FY23, ₹ 634.87 crore in FY24 and ₹ 849.49 crore in FY25. "The business-to-business educational platform has posted growth in both its top and bottom lines from March 2023 to March 2025. The figures indicate a promising financial standing, making the IPO attractive to investors," said VLA Ambala, a SEBI-registered analyst and the co-founder of Stock Market Today. Crizac is a B2B education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand (ANZ). It also provides services such as marketing, brand management and admission office management to select global institutions of higher education. The company, according to its RHP, has a well-entrenched relationship with a global network of institutions of higher education across diverse disciplines. India's healthy growth outlook, favourable demographic trends and rising middle-class income levels project a healthy growth outlook for the education sector. Current trends indicate the growing enrolment ratio in higher education globally. "There has been a remarkable surge in higher education enrolment over recent decades, from about 33 million in 1970 to 254 million in 2022. This expansion has been particularly pronounced in emerging economies where rising middle-class populations are seeking to improve their prospects through education," the company highlighted in its RHP (red herring prospectus). Experts point out that the issue is priced at a P/BV of 8.52 based on its NAV of ₹ 28.76 as of December 31, 2024, as well as on post-IPO NAV. While the issue appears to be slightly overvalued, experts believe one can consider buying it for the long term due to the company's growth potential. Ambala highlighted that while the company's business is in demand, the current global tensions may impact its operations, as it primarily provides student recruitment services to universities and colleges in Canada, the UK, Australia, the Republic of Ireland, and New Zealand. "I would advise allocating only a moderate amount of funds for medium- to long-term investments, as the listing may not meet expectations and could lead to only marginal gains. Considering all factors, I recommend subscribing to the Crizac IPO with a view of holding for a minimum of two to three years,' said Ambala. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
India Today
26-06-2025
- Business
- India Today
Sensex, Nifty opening on June 26: Will stock market rise again today?
The stock market is expected to open on a quiet note on Thursday, June 26, after rising for two straight sessions. Analysts say the cautious start is likely due to mixed signals from Asian peers and the absence of strong global of 8:24 am, the Gift Nifty futures were trading at 25,287 points. This suggests that the Nifty50 could open around its previous close of 25, the past two trading days, both the Sensex and Nifty gained nearly 1%, reaching levels close to nine-month highs. The positive mood in the market was mainly due to the ceasefire agreement between Israel and Iran, which helped ease global THE MARKET HOLD THESE LEVELS?VLA Ambala, Co-Founder of Stock Market Today, said, 'If Nifty opens below 25,000, the market may adopt a buy-on-dip approach.' She added that support is expected between 25,000 and 24,950, while resistance may come in between 25,100 and 25,300 for the rest of the June overall market trend has been stable, but with monthly derivatives expiry scheduled for today, some intraday volatility is expected. Traders usually roll over or square off positions during expiry, which may cause sudden movements in GLOBAL SIGNALSAsian markets were slightly weak on Thursday morning. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2%, which shows that investors in the region are a fall in US Treasury yields could support equities. Lower bond yields usually make stocks more attractive, especially in emerging markets like INVESTORS REMAIN CAUTIOUSDespite the recent rally in the Indian stock market, foreign investors have continued to pull out funds. In the last three sessions alone, foreign portfolio investors sold Indian shares worth more than Rs 9,500 outflow may act as a speed bump for the market, especially if global cues do not turn VIEWAccording to Bajaj Broking Market Research, 'Nifty formed a bullish candlestick pattern but stayed within the previous day's trading range. This shows a trend of consolidation with a positive bias.'The research note further explained that the index is currently testing the upper end of its six-week trading range, between 25,250 and 24,500. 'A closing above 25,250 may push the index higher towards 25,500 in the short term,' it analysts also said that the 14-period Relative Strength Index (RSI), a momentum indicator, is in an uptrend and showing strength. This supports the positive outlook as long as the index remains above 24,800–25,000, which also aligns with the 20-day exponential moving average (EMA).advertisement(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
India Today
25-06-2025
- Business
- India Today
Stock market opening: Sensex, Nifty to open higher? Check key trading levels
The stock market is expected to open on a positive note on Wednesday, June 25, as global equity markets remain strong and tensions in the Middle East appear to be easing.A fragile ceasefire between Iran and Israel has helped calm investor nerves and improve market sentiment across Asia and other major 7:50 am, Gift Nifty futures were trading at 25,182, signalling that the Nifty50 may open higher than its previous close of 25,044.35. The market is likely to continue tracking global trends, with gains seen in the MSCI World Index and Asian shares touching their highest levels since early MOOD STABLE AFTER CEASEFIRE HOPESThe recent announcement of a ceasefire between Iran and Israel brought some relief to global markets. Though reports of early violations created some uncertainty on Tuesday, both countries have indicated that the air strikes have ended for now. This has helped reduce the fear of further escalation.'Judging by June's momentum, I recommend closely monitoring the support levels between 24,700 and 25,000,' said VLA Ambala, Co-Founder of Stock Market Today."We can expect Nifty to find support between 24,850 and 24,900 and meet resistance between 25,300 and 25,380 in the coming intraday trading session,' Ambala BOOKING HALTED INDEX GAINSOn Tuesday, both Sensex and Nifty inched close to their nine-month highs during the session but eventually gave up gains. This was mainly due to profit booking triggered by reports of a brief ceasefire violation. However, market experts believe the underlying sentiment remains positive, especially if the geopolitical tension continues to the ceasefire is shaky, the public push by U.S. President Donald Trump calling out both Iran and Israel for breaking the agreement has helped reduce the chances of further immediate military the positive mood, rising crude oil prices remain a concern. Oil had climbed to a five-month high earlier this week due to fears that conflict in the Middle East could disrupt supply. While the current pullback is a relief, prices are still elevated. This is not favourable for India, which depends on oil imports for its energy needs. High oil prices can push up inflation and impact the government's Tuesday, foreign portfolio investors sold Indian shares worth Rs 5,266 crore, according to provisional data. Experts say the selling could be linked to global uncertainties and high valuations, as the Indian market has seen a strong rally over the past few ON HDB FINANCIAL IPOInvestors are also closely watching the launch of HDB Financial Services' initial public offering (IPO). Valued at $1.5 billion, it is expected to be India's biggest IPO of the year so non-banking financial company raised Rs 3,369 crore from anchor investors on Tuesday, which included participation from large domestic and foreign IPO's success is seen as a key test for investor appetite in the primary market, especially in the financial services the trading session opens, market watchers will keep an eye on global developments, crude oil prices, foreign investor flows, and key technical levels. Overall, while short-term volatility remains possible, the market is expected to open on a firm note supported by strong global cues.- EndsMust Watch advertisement
