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The pre-IPO placement was done in consultation with the Book Running Lead Managers (BRLMs) and was approved by the Board at its meeting held on Wednesday July 5, 2023 and by the shareholders at their extraordinary general meeting held on the same day, the exchange filing said.

A speculative income is defined as a transaction, which is not based on any delivery of the commodity, be it shares or others. For instance, equity intraday income is considered as speculative income as traders buy and sell the stock on the same day and there is no delivery to the demat account.

Trident Ltd, which has a market capitalisation of about Rs 17,000 crore, manufactures textiles, paper, yarn, and chemicals. The company products include towels, printing paper from wheat straw, weaving and hosiery yarns, and sulphuric acid. The company derives most of its revenue from exports.

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Given the global macro backdrop, we are expecting the orders to have slowed down and the hikes taken to retain employees over the last one year, those have reduced the margins. So, topish or flattish margins and not very good order flows, weak guidance is what we are expecting on IT, even though the rupee numbers will look good year-on-year. Overall, we are expecting a good earnings season for the Nifty and broader market.

The returns given by Hindustan Zinc shares over the last 12 months stand at near 33% according to Trendlyne data which is higher from the returns given by Nifty50 during this time. The latter has given returns of 20%, Trendlyne data suggested.

He expects Gold to test Rs 60,000 per 10 gram and Silver futures to test Rs 72,500 - Rs 73,000 levels “very soon again”. The August gold futures ended with gains of Rs 391 per 10 gram or 0.67% at Rs 58,792 on Friday while the September Silver futures finished up by Rs 1,009 per kg or 1.43% at Rs 71,333.

However, a non-stop rally of 900 points from 18600 level and a PCR ratio of around 1.50 suggest a slightly overbought condition for the market. The immediate resistance is visible at 19500; a failure to move above 19500 on a sustained basis might call for profit booking in the market.

Overall macroeconomic factors provide comfort as we are seeing a fall in inflation, a pause in interest rate cycles, an increase in foreign investment in the equity markets led by issues being faced globally.

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