Market News:
The market opened flat on July 23, 2020 but ended with good gains- both NSE and BSE. Bank Nifty was on fire with over 23122 points -up almost 400 points.
The new IPO Rossari Biotech made huge gains on listing.. touched Rs 803 and commanded a premium of nearly Rs 400 on listing today.
All these things go to prove that the markets have come into the grip of Bulls again after the Covid ‘ 19 disaster. The I.T stocks were less glittering. Gold and Silver touched new highs..Gold touched Rs 50 K for 10 Gms and silver too edged higher. Reliance again up today @ Rs 2079- all time high.
The market opened flat on July 23, 2020, overall volumes in futures & options currently stand at 3,23,91,894 crore contracts with a turnover of Rs. 19,98,781.81 crores.
Meanwhile, following stocks are close to their 52 week high.
| Company Name | LTP (Updated at 11.30 am) | 52-Week High | Gap % |
| COROMANDEL | 814.1 | 828.55 | 1.74 |
| DIXON | 7,753.95 | 7,776.00 | 0.28 |
| GRANULES | 277 | 277 | 0.00 |
| JKCEMENT | 1,543.15 | 1,548.90 | 0.37 |
| LAURUSLABS | 703.5 | 705 | 0.21 |
| LTI | 2,271.15 | 2,359.50 | 3.74 |
| PIIND | 1,780.00 | 1,807.05 | 1.50 |
| RALLIS | 313.7 | 324.6 | 3.36 |
| RELIANCE | 2,031.65 | 2,036.00 | 0.21 |
| UFLEX | 277.65 | 283 | 1.89 |
These are the stocks where long build up position is seen:
| Company Name | Expiry Date | LTP | % Change | OI Change % |
| UJJIVAN | 30 JUL’20 | 263.95 | 4.20% | 26.33% |
| MGL | 30 JUL’20 | 1,035.45 | 3.09% | 15.54% |
| SRTRANSFIN | 30 JUL’20 | 702.55 | 0.85% | 10.99% |
| BALKRISIND | 30 JUL’20 | 1,283.85 | 1.65% | 10.49% |
| CENTURYTEX | 30 JUL’20 | 308.15 | 0.05% | 9.41% |
These numbers indicate that the markets are in upward trajectory and hence barring a few technical corrections and profit booking, the markets are bound to rise constantly.
So the investors may take this opportunity to invest and get benefited.
Since the markets are up, the MF -NAVs are also bound to gain substantially.
So continue to be part of this momentum by contributing to MF-SIP.
For all your investment needs feel free to reach Goodwill.
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