The bulls have regained their footing and are protecting the critical support zone between 44,000 and 43,800. There is recent published writing in this area as well, which bodes well for its popularity.The index’s next key resistance point is at 44,500. If the price is able to break out above this resistance level, it will likely begin a new upward trend.As long as the Bank Nifty Index has a closing price above 44,000 and below 43,800, the prevailing mood and undercurrent are favorable.

Wipro

The daily chart for Wipro reveals the construction of a symmetrical triangle pattern, which indicates a period of consolidation for the company. This pattern is accompanied by decreased trading volumes, which hints at the possibility of a breakout in the not too distant future.A purchase signal has been confirmed after a bullish crossover was seen in the momentum indicator known as the RSI (Relative Strength Index). This points to the possibility that there is a buildup of bullish momentum in the stock.There is a major support level detected at 405, which indicates that this level has functioned as a floor for the price of the stock. This level may serve as a buffer in the event that there is a decline in the stock price.If the symmetrical triangle pattern ends up with a bullish breakout, the potential upside objective for Wipro may be in the area of 450 to 470. This indicates that there is the chance of a sizeable price increase in the event that the pattern is successful.

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Tata Steel

TATASTEEL reached its highest peak in several days as the trading session came to a close, indicating a surge in bullish sentiment among market participants. In addition, the share price has steadfastly held its position above a major moving average, which is another indication of the stock’s strength. A bullish crossover pattern is currently being displayed by the Relative Strength Index (RSI). There is a possibility that the share price may move higher, possibly toward the 137/140 level, in the relatively short term. On the other hand, in the downward direction, there is a support level built at 120.

Also read :- Walmart invests $3.5 billion in Flipkart, ups stake to 80.5%

This article was written by Kunal Shah, who works at LKP Securities as a Senior Technical and Derivative analyst.

Disclaimer: The opinions and suggestions offered in this article are those of the individual researchers who contributed to it. These opinions do not reflect those of Mint in any way. Before making any decisions regarding their investments, we strongly recommend that potential investors consult with qualified professionals.

The post Stocks to Buy: Why Tata Steel and Wipro look attractive for short term appeared first on Republic Aeon.

It was also decided that Indus Towers and Page Industries will be removed from the Nifty Next 50 along with the aforementioned three companies. In their stead will come companies like Punjab National Bank, Shriram Finance, Trent, TVS Motor, and Zydus Lifesciences.

The Nifty 100 index will undergo the same round of replacement beginning on the 29th of September. According to a press statement from NSE, in addition to the aforementioned five companies, Tata Motors would also be included in Nifty 100.

ACC, which operates Nykaa, has seen its stock value drop by 22.21 percent year to date, FSN E-Commerce Ventures, which operates Indus Towers, has seen its stock value drop by 14.28 percent, and Page Industries, which operates Indus Towers, has seen its stock value fall by 1.72 percent.

The BSE’s closing prices for the day of August 17 were as follows: ACC: Rs 1,897.80; Nykaa: Rs 133; Indus Towers: Rs 161.55; and Page Industries: Rs 41,200.NSE has also made adjustments to the larger Nifty 500 index, with a total of 18 businesses scheduled for elimination on September 29. Indiabulls Real Estate, Mahindra Logistics, Hinduja Global Solutions, Jindal Worldwide, and Godrej Agrovet are just a few examples.

An alternative group of 18 companies, including Ujjivan Small Finance Bank, Gillette India, Glenmark Life Sciences, Alok Industries, Procter & Gamble Health, and Kirloskar Ferrous Industries, would take their place.

Also Read : Decent listing | Yudiz Solutions closes with 10% premium on debut

The post NSE rejig: ACC, Nykaa, HDFC AMC to be out of Nifty Next 50 from September 29 appeared first on Republic Aeon.

Holidays that fall on Saturday and Sunday.

Settlement holidays for equity and F&O segments

MCX holidays

Holidays that fall on Saturday and Sunday.

CDS holidays

Holidays that fall on Saturday and Sunday.

 Also Read : Top mutual funds: These 10 small-cap funds delivered the best return in one year

The post Trading and market holiday calendar 2023 — NSE, BSE and MCX appeared first on Republic Aeon.

For investors, SLB is a means of borrowing and lending stock at a predetermined date and price. In order to borrow or lend the securities, lenders and borrowers must state the loan amount and the associated interest rate. Once the quotes at the exchange are in sync, the order will be processed. 

Short selling, borrowing, or selling the shares should be done immediately if a trader’s research and gut instinct both indicate that the stock price will decline. 

They borrow money so they can profit from arbitrage situations that arise when a market for futures or options is mispriced. 

It is common practise to borrow funds in order to fulfil the physical delivery requirement of F&O trades. 

Securities lending is a common way for traders to supplement their earnings on investment. 

How Can Traders Check The Live Quotes And Place SLB orders? 

Traders can check the live prices of eligible securities on the NSE. And to place the order, generate a ticket, fill in the details like rate, quantity, security, and contract expiry month, and choose the security when placing a lending order. Traders can place their orders between 9 am to 5 pm. The order will be verified by exchange, and the confirmation memo is sent to the traders.

How Much Did The SLB Transaction Charge? 

The processing fee of SLB is twenty per cent of the total price and eighteen per cent of GST. “Best bid” price indicates the price at which stock can be borrowed, and “best offers” price shows the price at which stock can be lent. Moreover, traders can check SLB bids and offer for different months on the NSE.

For example, if 50 shares of company XYZ are lent at the rate of Rs. 13 each. Given that the processing fee is charged at 20% and GST at 18%.

So, the processing fee will be (50×13=650) = 20% of 650 = 130

The GST on processing fee = 18% of 130 = Rs. 23.4

Total SLB fee = 23.4+130 = Rs. 153.4

How To Foreclose The SLB Position With The Repay/recall Option?

Borrowers don’t have to wait until the conclusion of their settlement period to sell back their shares on the exchange. When this occurs, it is referred to as Repay in SLB, and the margin amount of the shares will be immediately reversed by the exchanges on the same day the shares are returned to the borrowers. 

Lender shares may be recalled at any time prior to the contract’s expiration by submitting a Recall order. Even if the price and open orders are favourable, the exchange makes no promises to deliver the recalled shares. The stock might be recalled at the current market price if the trader needs the shares back quickly. 

Also Read : Renew Energy to get Rs 64000 cr loan from PFC, REC

Can Traders Roll Over The SLB Position? 

Yes, traders can roll over their SLB position for over 11 months. A rollover means extending the contract for another 11 trading months by quitting the current month’s contract that is close to expiring. For example, if a customer transacted in the Feb contract and wished to extend the SLB position to the March contract, this can be settled using rolling over. And if there are no borrowers in the rollover series, the shares will be returned on the settlement day.

On What Criteria Are SLB Orders Placed?

The minimum eligibility criteria for placing SLB orders are as follows:

• Lending – The order value per security must be Rs 1 lakh.
• Borrowing – A minimum of 500 shares order can be placed.

Bottom Line 

Securities can be lent and borrowed on SLB orders by market participants. In addition, under SLB, investors cannot borrow the pledged shares. Only unpledged shares are available for orders. Some exchanges only allow SLB orders to be processed on NSE due to BSE’s lack of liquidity.

The post Securities Lending and Borrowing Transactions: Essential Information for the Stock Market appeared first on Republic Aeon.

Those who are uncertain as to whether the stock market is open or closed today are informed that NSE and BSE will be inactive today.

Today, Equity Segment, Equity Derivative Segment, and SLB Segment will be closed in accordance with the stock market holiday 2023, which can be found on the BSE website referenced previously. Likewise, the Currency Derivative Segment will remain closed today.

According to the schedule of Indian stock market holidays for April 2023, this is the month’s first holiday. In April, there will be two additional stock market holidays on the 7th and 14th.

On April 7, 2023, the stock market will be closed for Good Friday, and on April 14, 2023, it will be closed for Dr. Baba Saheb Ambedkar Jayanti.

In addition, stock market exchanges are closed on weekends, i.e., on Saturdays and Sundays. Weekends, specifically Saturdays and Sundays.

Investing holidays in the future months

The BSE and NSE will be closed on May 1 for Maharashtra Day, and trading will be suspended on June 28 for Bakri Id celebrations. July does not contain any official holidays.

The markets will also be closed on August 15 as India celebrates 75 years of independence from British rule. The bourses will be closed on September 19 for Ganesh Chaturthi and again on October 2 for Gandhi Jayanti. Later in October, on October 24, the stock markets will close for Dussehra.

Also read this:Why India ranks so low on the Global Startup Index

This year, both the NSE and BSE will be closed for 15 days, with the ‘currency derivatives segment’ and ‘NDS-RST and Tri Party Repo’ remaining closed for an additional 19 days. This segment also observes the festivals of Gudhipadwa (March 22), Buddha Pournima (May 05), Parsi New Year (August 16), and Id-E-Milad (September 28).

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