Angel One

Who will take home the Tata IPL 2024 cup today?🏆🏏 Vote Now!👇 Kolkata - ❤️ Hyderabad - 🔥

🏏 Do you agree that Speed⏩ Security🔐 & Reliability❤️ are the key to winning the Tata IPL final? 🏆 Know how they can also help you in your financial journey 👉 https://bit.ly/3wnlf8n

Mutual Fund Overseas Scheme News Update!📰 Watch now👉https://youtube.com/shorts/2VbzwjC2n4g?si=h7CCAA5htFZrf8pc

Welcome to Market Movements with Angel One🎶 In this episode, we dissect Zomato's impressive Q4 Results📈 revealing a net profit of ₹175 Cr❤ Stay tuned for CEO insights on the 28% growth in food delivery GOV 🍕🍛 🎧 Listen Now 👉 https://spoti.fi/3yI1itq

Welcome to Market Movements with Angel One🎶 In this episode, we dissect Zomato's impressive Q4 Results📈 revealing a net profit of ₹175 Cr❤ Stay tuned for CEO insights on the 28% growth in food delivery GOV 🍕🍛 🎧 Listen Now 👉 https://spoti.fi/3yI1itq

💫 Market Metrics: Weekly Roundup ⭐ Sensex: 75,410.39 ⬆️ ⭐ Nifty 50: 22,957.10 ⬆️ ⭐ Nifty Bank: 48,971.65 ⬆️ ⭐ Nifty Smallcap 100: 16,883.00 ⬆️ ⭐ Nifty Midcap 100: 52,424.45 ⬆️ ✨ Market Performance Key Takeaways For The Week 🌟 The market experienced a dynamic week, starting subdued but swiftly rallying to overcome a crucial resistance level at 22,800, eventually pushing towards 23,000. The notable achievement came with robust buying in market heavyweights, marking a significant bullish breakout after months of fluctuation within a 1000-point range. This upward trajectory brought the benchmark index close to the 'Rising Channel's upper band around 23,100 - 23,200, suggesting a potential pivot point. With key election results looming, traders might find it prudent to secure gains at this juncture, adopting a 'buy on dips and book profits' strategy focused around the levels of 22,800 and 23,200 to navigate expected volatility. 🌟 On the banking front, BankNifty mirrored the overall market trend, initially lagging but gaining momentum midweek, breaking past the 48,200 barrier and reaching past 49,000. This resurgence was significantly bolstered by HDFC Bank's notable recovery, contributing to over 1.5% gains for the week. The banking index's performance, particularly the strong rebound from the 47,400 - 47,500 support zone, echoed the broader market's strength, setting an optimistic tone for further advances. 🌟 However, despite the overall market gains, BankNifty showed signs of underperformance with sporadic momentum, suggesting a cautious optimism among traders. Moving forward, the 49,400 - 49,500 range could be pivotal for BankNifty, with new support levels likely forming around 48,600 and 48,200. Traders are advised to maintain a selective approach in their trades, particularly in the context of the forthcoming F&O expiry and the anticipated event-driven market fluctuations. 🌟 Given the expected high volatility due to the upcoming significant market events, traders should tread carefully, prioritizing risk management and strategic trading to capitalize on the prevailing market conditions while preparing for potential shifts in market dynamics. This approach will be crucial in leveraging the opportunities presented by the current market trends and the anticipated economic events. ………………………………………………………………………… ✨ News Highlights For The Week 🌟 The Ministry of Corporate Affairs has fined LinkedIn India and other key figures, including Microsoft CEO Satya Nadella and LinkedIn CEO Ryan Roslansky, a total of Rs 27,10,800. The penalty is for violating the Significant Beneficial Owner norms under the Companies Act. This follows Microsoft's acquisition of LinkedIn in December 2016 for $26.2 billion. 🌟 Adani Enterprises is poised to replace Wipro in the BSE Sensex during the next index reshuffle, according to IIFL Alternative Research. The official update is expected on Friday, May 24, as part of the semi-annual rebalancing of the BSE indices. 🌟 The Reserve Bank of India announced it will distribute a record dividend of Rs 2.1 lakh crore to the central government for fiscal 2024. This marks a significant increase from the Rs 87,420 crore transferred in the previous year, surpassing economists' predictions of Rs 1 lakh crore. 🌟 The Securities and Exchange Board of India (Sebi) has revised its methodology for calculating the market capitalization of publicly-listed companies. Under the new amendments, companies will calculate market cap using a six-month average to ensure a more accurate representation of a company’s market size and peer ranking, reflecting daily market fluctuations. These changes will take effect from December 31, 2024, with rankings based on market cap from June 1 to December 31, moving away from the previous fiscal year-end date of March 31. ———————x——————— Disclaimer: https://bit.ly/3usSGoH Sources: Angel One Research | IndianStartupNews | MoneyControl | MoneyControl | NDTVProfit | MoneyControl Date: May 24, 2024 Like what you see? Give us a 👍

Paytm Q4 Results After RBI Bank! Check out now! Watch Now👉https://youtube.com/shorts/7y4vru00dr4?si=UQ5k87UJguVJoJOk

What is happening in the world of commodities? Find out now with Commodity Pulse by Angel One! Dive into the latest trends from the world of commodities. Discover the cooldown in gold prices, the dynamics of the crude oil market, and uncover the downturns in the metals sector. Give us a ❤️ if you follow the commodity market!

🔝 5️⃣ Mid & Small-cap Stocks to Watch Out for 27th May 🚀 Read More 👉 https://bit.ly/3wRkogo