Above Stocks
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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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20th December (Tuesday)

๐Ÿ”ฝ FII sold : -1322.08 Crores
๐Ÿ”ผ DII bought : +4754.34 Crores
Inox India CVA Limited IPO
Listing Date : Thur , 21 Dec, 2023
BSE Code: 544046
NSE Symbol : INOXINDIA
IPO Price : โ‚น660
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Zone Indicator Breakout in Wipro
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Shocking listing for Suraj and Muthoot MF both -5%

And below expectation listing for motisons at โ‚น109 (+98%)
๐Ÿ”ฅ๐Ÿ”ฅBIG BREAKING

โœ… Itโ€™s finally confirmed - Indian Railways will invest a record โ‚น7 Trillion to upgrade rail infrastructure

๐Ÿ“ˆStocks to Benefit

๐Ÿš‚ Texmaco Rail
๐Ÿš‚ Railtel Corp
๐Ÿš‚ Rites Ltd
๐Ÿš‚ HBL Power Systems
๐Ÿš‚ Jupiter Wagons
๐Ÿš‚ Titagarh Rail Systems
๐Ÿš‚ KEC International
๐Ÿš‚ IRCON International
๐Ÿš‚ RVNL
๐Ÿš‚ IRFC
News for 26th December 2023

- Biocon's shares gained nearly 2% after its subsidiary signed a distribution agreement with Sandoz for an immunity-linked injection in Japan.
- On December 26, the Indian equity benchmarks closed in the green, with the Sensex up 0.32% and the Nifty up 0.43%.
- HPCL surged 4% due to Maersk's decision to resume operations through the Red Sea route.
- Paytm shares fell over 1.5% after the company laid off over 1,000 employees.
- Bharat Electronics surged 4% after bagging orders worth Rs 678 crore.
- Motisons Jewellers made a blockbuster debut, ending at over 88% premium against the IPO price.
- RBL Bank's shares were down nearly 4.5% due to serious deficiencies in the bank's co-branded credit card partnership with Bajaj Finance.
- Inox Wind shares were up nearly 3% owing to the company's successful acquisition of a repeat order of 279 MW.
- Suraj Estate Developers Ltd shares ended 7% lower on debut day.
- Muthoot Microfin made a disappointing debut on bourses, ending at an 8.5% discount to the issue price.
Again today also below expectations listing for Mufti at โ‚น282.35(+0.84%) and for happy forging at โ‚น1000 (+17.65%)

Flat listing for RBZ jewels @ โ‚น100 (+0%)
27th December (Wednesday)

๐Ÿ’šFII bought : +2,926.05 Crores
๐Ÿ”ปDII sold : -192.01 Crores
When The Dollar Depreciates (DXY)โฌ‡๏ธ

Metal (Sail,Nalco,Copper) Appreciateโฌ†๏ธ
Tata Motors at High 800
Today's stock market highlights include:

Sensex and Nifty's Performance: The domestic equity benchmarks Sensex and Nifty50 ended the last session of 2023 on a muted note. Sensex dropped by 170 points, closing at 72,240, while Nifty settled at 21,731, down by 47.3 points. Despite this, they delivered around 20% returns for the year, marking their second-best yearly performance since 2017โ€‹โ€‹โ€‹โ€‹.

Stocks Hitting 52-week Highs: Notable stocks like Nestle India, Tata Motors, and others hit 52-week highs, showing significant performance in the marketโ€‹โ€‹.

Stock Recommendations: Vikas Sethi recommended buying Bombay Dyeing and Rain Industries shares, setting target prices and stop losses for eachโ€‹โ€‹.

Top Drags of Nifty 50:
Major contributors to Nifty 50's drag included ICICI Bank, RIL, and Infosysโ€‹โ€‹.

Sectoral Performance: Nifty IT and Nifty Bank traded significantly lower, with Nifty IT dropping over 150 points and Nifty Bank over 250 pointsโ€‹โ€‹โ€‹โ€‹.

RailTel Corporation's Gain:
RailTel Corporation shares soared over 5% following the company's order win from South Central Railwayโ€‹โ€‹.

OMCs Performance: Shares of oil marketing companies like HPCL, IOCL, and BPCL declined after reports suggested possible cuts in petrol and diesel prices ahead of the general electionsโ€‹โ€‹.

Tata Motors' All-Time High:
Tata Motors shares hit an all-time high, with a year-to-date gain of 105%, spurred by developments in the Electric Vehicle policyโ€‹โ€‹.

Tata Consumer Products' Milestone: The company's market capitalization crossed Rs 1 lakh crore for the first time, with shares hitting an all-time high on BSEโ€‹โ€‹.

Financial Sector Outlook: According to a report by Citi, stress in the financial sector is lower than anticipated, though there's a risk build-up in consumer creditโ€‹โ€‹.

Kalpataru Projects' Surge: Shares of Kalpataru Projects International Ltd hit a 52-week high after securing orders worth Rs 3,244 croreโ€‹โ€‹.

Innova Captab IPO Listing: Innova Captab had a muted debut on the NSE and BSE, listing at a slight premium to its IPO priceโ€‹โ€‹.

Upcoming Special Trading Session: BSE and NSE will conduct a special trading session on January 20 to test a disaster recovery siteโ€‹โ€‹.
Above Stocks
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Ceinsys Tech @ 390
10% upper circuit today
๐Ÿš€๐Ÿš€๐Ÿš€
Exactly after 3 PM, huge selling was seen in Nifty and Bank Nifty, Be ready to add stocks, when the market gives more dip.
1st January (Monday) - FII DII Cash Market Activity

๐ŸšจFII sold: -855.80 Crores
๐Ÿ˜DII bought: +410.46 Crores

Nifty @ 21,741
๐Ÿ”ผ+10 points (+0.1%)