Blessing in disguise from this news is the Fed will stop increasing interest rates after 25 bps hike in tmrw meeting and will take a pause before cutting interest rates towards later part of the year which is what all global emerging markets have been waiting for the next bull run.
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May 2, 2023 9:59:56 PM
IPO Guru (2400+ Posts, 3600+ Likes)
Bad news from U.S market. 7-8 U.S banking stocks breached more than 20% Lower Circuits and all trading has been stopped. U.S markets : (-1.5%). SGX in Red
Sir we have seen more fall in US Market than today, now nifty touch 18000 so some this type news needed to prevent nifty to reach 20000 level.
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May 2, 2023 10:41:28 PM
IPO Guru (2400+ Posts, 3600+ Likes)
U.S banking crisis can affect all global markets not only nifty. Tomorrow's Asian markets opening would be interesting. BTW it's time for SJao for HNIs.
Hello friends Can anyone tell y Divgi Trans TORq was up 10% today?
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May 3, 2023 9:20:43 AM
IPO Mentor (600+ Posts, 300+ Likes)
@Sunmoney , typically have seen such movements when companies are ready to share positive news.. be it of results or letter of award, etc. Perhaps, this may be the reason and hope it continues 🤞
Why people are getting tense here due to falling GMP. Most people are apply here for 30 to 40 rs gain and if they are getting 70 or 150 or 300 rs on listing.they should be happy. Company is good and listing may be good
Market in positive zone. But GMP is going to settle at bit lower after jumping up and up. But not expected to go below 60 -65 till listing day. Chance above 100 seems to me very difficult. My views. Market can go upto any extent.
If retilers and HNIs panic, QIBs will get cahnce to create more panic by selling and buying in bulk. My fund is ready to deploy in that scenario and I would buy in small and large amount steadily, till panic is gone. I wish subscribers for good listing gain but also ready to take advantage if it goes south. No offence to anyone.