POST-MARKET SUMMARY 15 September 2023

On September 15, Indian markets extended their impressive performance, reaching new record levels, as the Nifty surged past the 20,200 mark for the very first time. Although there was some volatility and a mixed trend observed across different sectors, the overall trajectory remained positive. The day commenced with the indices opening at all-time highs, driven by favorable global cues. While there were moments of profit booking throughout the trading session, the broader indices also followed suit, posting gains of approximately 0.5% each.

NIFTY: The index opened 53 points higher at 20,156 and made a high of 20,222 before closing at 20,192. Nifty has formed a bullish candlestick pattern with minor upper shadow on the daily timeframe. Its immediate resistance level is now placed at 20,300 while immediate support is at 20,000.

BANK NIFTY:  The index opened 122 points lower at 46,122 and closed at 46,231. Bank Nifty has formed a bullish candlestick pattern, with minor upper shadow on the daily scale. Its immediate resistance level is now placed at 46,400 while support is at 45,900.

Stocks in Spotlight

▪  Sequent Scientific Ltd:  Stock soared over 4% after the company's board approved the sale of its API (Active Pharmaceutical Ingredient) facility in Thane.

▪  Oil India Ltd:  Stock traded 2.28% higher after reports said that the state-owned company intends to invest Rs 25,000 crore in renewable energy.

▪  Shakti Pumps India:  Stock spurted 9% after getting a letter of award worth Rs 293 crore from the Department of Agriculture, Uttar Pradesh for 10,000 pumps.

Global News

▪  Asia-Pacific markets largely climbed, bolstered by a slew of China’s economic data for August that were better than market expectations. China’s August retail sales and factory output beat expectations, but the print for fixed asset investment came in slightly below expected.

▪  Gold recovered from three-week lows on Friday aided by the dollar’s retreat after better-than-expected Chinese data and a stronger euro, while traders focused on the Federal Reserve’s guidance on interest rates next week.

This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as

i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or

ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or

iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and / or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.

With Liquide, you can explore stocks, trade securely in your own broker account, and receive expert-recommended trade setups. Stay updated with real-time tracking, market commentary, and AI-powered insights from LiMo, our intelligent bot. Whether you're a seasoned investor or a newbie, Liquide provides the tools you need to discover your next big investment opportunity. Download the app now from Google Play Store and Apple App Store to revolutionize your investment journey. Don't miss out on the chance to level up your investing game with Liquide.