Battle for 5G spectrum auction heats up

  • In what could be straight out of a ‘Stranger Things’ episode, an unusual red glow over the Atlantic Ocean set cyberspace abuzz. Thankfully, Indian markets did not play ‘matchy-matchy’ and closed in the green.

     
    Markets reversed early losses to close higher, snapping a two-day losing streak.
  • In all, 46 of the Nifty50 stocks closed in the green.
  • Investors await the outcome of the US Fed meeting scheduled later in the day.

All of the Nifty sectoral indices closed in the green with Pharma (+2.3%) and Media (+2.1%) seeing maximum gains.

 

NIFTY50

16,641

▲ 157 (+0.9%)

SENSEX

55,268

▲ 547 (+0.9%)

 

What's up 

STOCKTODAY'S CHANGE
Sun Pharma
895 ▲ 27 (+3.1%)
SBI528 ▲ 14 (+2.7%)
Divi's Lab3,784 ▲ 97 (+2.6%)
 
 

What's down 

STOCKTODAY'S CHANGE
Bharti Airtel675 ▼ 9.1 (-1.3%)
Bajaj Auto3,882 ▼ 42 (-1.0%)
HDFC Life520 ▼ 1.7 (-0.3%)
 
 

Piramal’s NBFC plan on track 💰
PEL (NSE): 1,804 ▲ 41 (+2.3%)

 

The diversified conglomerate said it has received a nod from the Reserve Bank of India to launch a non-banking finance company (NBFC). It added that the NBFC won’t be accepting deposits. This comes after the company acquired the bankrupt Dewan Housing Finance Corporation in September last year.

 

Inflation bites Colgate-Palmolive’s profits 🪥
COLPAL (NSE): 1,571 ▲ 37 (+2.4%)

 

The consumer products company’s net profit dropped 7% year-on-year to ₹216 crore (excluding the impact of exceptional items) in the June quarter. The management said that the current quarter results were impacted by an overall rural slowdown and inflationary pressures. However, the company’s net sales grew 2.5% YoY to ₹1,186 crore.

 

Cash registers ringin’ at Shoppers Stop 🛒
SHOPERSTOP (NSE): 584 ▲ 42 (+7.8%)

 

Shares of Shoppers Stop surged on Wednesday, as the company reported healthy Q1 numbers. The retail firm posted a net profit of ₹23 crore in Q1 FY23, against a loss of ₹137 crore in the year-ago period. Meanwhile, revenues rose 383% year-on-year to ₹1,190 crore in Q1 on the back of easing Covid-related restrictions.

 

IMF lowers India’s growth forecast 📉

 

The International Monetary Fund (IMF) has cut India’s growth outlook for FY23 to 7.4%. In April, the IMF had pegged India’s growth at 8.2%, down from its earlier projection of 9%. This comes even as the Indian central bank has been hiking interest rates to combat inflation.

 

Microsoft, Google fail to impress 💻

 

Tech giants Microsoft and Alphabet (Google) failed to impress investors after both missed street estimates. Microsoft reported a profit of $16.7 billion, up a meagre 2%. Production shutdowns in China and a slow PC market in June led to a negative impact. Meanwhile, Google’s parent Alphabet’s net income fell 13% YoY to $16 billion. Google blamed the slow growth in online ads for the poor show. The growth in online advertising had been hit by inflation, geo-political tensions and macroeconomic factors.

 

Game of (5G) Thrones

 

The 5G spectrum auctions have begun and bids have been pouring in. Although bids have already come in for a bulk of the critical airwaves, the tussle for spectrum continues. Dial in for more.


But first, what is spectrum? Spectrum refers to the invisible radio frequencies that wireless signals travel over. These signals are what enable us to make calls and transmit data. The spectrum auction is a process used by the government to sell the rights to use the frequency to transmit signals.


The government has put up 72Ghz of spectrum for auction at a base price of ₹4.3 lakh crore. Telcos have bid a record ₹1.45 lakh crore for this spectrum on Day 1 itself!


Reliance Industries’ (+0.02%) telecom arm Jio is reportedly the front runner, and is expected to spend over ₹70,000 crore during the auction. Meanwhile, Bharti Airtel (-1.33%) is expected to spend ₹45,000-50,000 crore.


Reports suggest that bids were placed at the base price, due to the abundance of spectrum. 


But when would you, the aam aadmi, be able to use 5G on your device? According to the telecom minister, the allocation of spectrum will be completed in August, and 5G is likely to be available in major cities by the year-end. 


ICYDK, the 5G technology is up to 10x faster than 4G and is also expected to be 10-15% costlier.

Comments

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  1. Monday bullish pattern seeing

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  2. Monday kesa rhega market.... 39600ce hold kar liya hai 20 point down aa gya tha isliye

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  3. Dow Jones +300 but sgx -6 what rubbish...

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  4. Anonymous12:45 AM

    14/9/22 Indian nifty GAP DOWN

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  5. All pe holders enjoy the day

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  6. Expiry day market kaisa rahega

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  7. Anonymous10:23 PM

    Nifty will close in RED on expiry day

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  8. Nifty will close today Green

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  9. Nifty down again and again

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  10. Aaj bahot niche Jana hai

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  11. Tomorrow market is rocket🚀🚀

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  12. Anonymous8:18 PM

    Monday gap down

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  13. gap down then recover

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  14. Today market will move upside

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  15. Muhuurat day market will be rocket🚀🚀

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  16. Trend is friend, nifty inching higher

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  17. Monday market rocket🚀🚀

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  18. Tomorrow will start pre budget rally
    And all metal sector will be the biggest beneficiary

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  19. thats vertical rise on charts, kolhi like century

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  20. 18336 soon before budget

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  21. 17523. 17695 17455. 17795

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  22. Hi I'm CHAJALAN SHIVAKUMAR I'm india Telangana Hyderabad Nampally begumbazar gowilgudha 15-3-238 my address 500012

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  23. CE chalega Monday ko

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  24. Bank nifty me w pattern banega 39550 k aspas sell on raise ka ek trade banega 650 ka sl laga kar niche 300 ka target aa sakta hai

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  25. This comment has been removed by the author.

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  26. Put chalegi Friday ko,gap up se bulls trap honge

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  27. Monday will be again consolidation 🤪🤪🤪

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  28. Maruti ki put buy krunga with proper stoploss 21april

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  29. Where to see live price?
    I cant add gift nifty to invesitng or tradingview

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    Replies
    1. Can add on Monday. Currently trading at 19,403.5

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  30. Monday mkt bullish super

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  31. One must Be Care Full Near 19436 & 19445 as One Sharp Dip is possible

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  32. Past all Time Hi Was 18889 and Now We Are in The Range of 19280/19310 if We Look At The Sgx showing 19270 also

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  33. So It's Batter To Calm Down Nifty At Some Point And From 11 July Results Seasons May Be Active along with Monsoon so Take A Break And Wait To Put Fresh Money If You Are Long from 18889 then Just Keep It Trailing With Proper Stop Losss

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    Replies
    1. Yes Nifty will go to 19300 tomorrow

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  34. Inida is on the way where Gandhi nagar will be next capital of India 😅

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  35. ITC BUY 450 CEJUL23 BUY 19 TGT 30-40

    ITC BUY 461 TGT 488

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  36. NIFTY BUY ZONE TGT 19480 - 19510

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  37. How & where to Check Gift Nifty Live Chart??

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  38. Can't see update in telegram

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  39. Nifty at 19700 tomorrow..be ware..party time

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  40. Nifty at 19300 tomorrow

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  41. Nifty 19700 monday

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  42. Bank Nifty 45600

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  43. Bank nifty reach 46000

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  44. Don't urgent.. we have US job data result night

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  45. Nifty range 19350--19567

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  46. Market will go 19100 this week

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  47. A common man never make lots of money from F&O gradually he lost lacks but result is zero instead of it if he buys 1 lack of shares per day he can earn at least 1% daily

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  48. How can i trade in Gift Nifty?

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  49. How can i trade in Gift Nifty?

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  50. Nifty 19643 tomorrow

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  51. Nifty fifty tomorrow 19600

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  52. Bank nifty will be 45000

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  53. Your Stop loss is 19202 & Trg is 19800 & 20000 previous clo was 19413

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  54. 20130 / 46570 Calling in Futures

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  55. Bank nifty will 45850 tomorrow, against Fills buying

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  56. Tomorrow RIL Prices discovery was key factor

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  57. As You Know Infosys Gave It's Guidance V. Week n it's By Big 300 bps cut .. and So It's ADR also trading 12% dn tomorrow It's A Big Chance Who Have Miss The Train earlier To get In Portfolio..

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  58. #MarutiSuzuki recalls over 87,500 S-Presso and Eeco models.

    Tomorrow Big Gap and By 80. / 100 rs

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  59. Tomorrow Nifty will open gap up about 60 to 70 pt.

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  60. Gap up and cross 19900

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  61. Nifty 50 gapup a'd cross 19900

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  62. Market in range from past three days fed policy will be trend decider

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  63. Today market up or down???

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  64. if nifty tomorrow opens above 19804 then 19884, 19963 are targets

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  65. Nifty Close above First resistance of 19754 .. Gates are Opens to 19843 & 19884

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  66. Bank nifty expiry cross 46350

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  67. Tomorrow nifty expiry 19980/bn 46550

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  68. U S Federal have Hike 25 bps rate to 5.5% now heightest in last 2 decade

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  69. NIFTY Stop clo at 19659 July expiry but Gift nifty August Future Trading at 19840 . Will again Starts move Towards 20054 & 20113 with Stop Loss 19500 Put O.i at July Series

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  70. Yes just operator made people fool today one attempt to 20k is coming

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  71. Tomorrow nifty bn prediction ??

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  72. 20530 / 48370 August Series Futures Calling

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  73. Very thin line of difference between Regulators and Operators...No one can ask the Reason of Yesterday Second Session Mockery!!

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  74. Monday is The Last Day Of July Month And Today it's first Day of August Series & nifty *Made A Inverted hammer* with 100 pt Up Move From Bottom to cl @19646 and last 1 hr heavy buying seen smart Money Hr Purchased....
    Monday follow up buying And Clo above 19717 will be good sing
    Historical data Said August Month Gave 4 to 5 % up Move let c

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  75. Nifty July clo is at 19754 good Lvl with ends to July Series..
    Nifty IT gave Break Out with RIL
    Buy on Dip up to 19665 / 19617 with Stop loss 19594..
    Capital Goods Sectors Look Good
    Specially L&T , Cummins, Siemens, ABB. Mix set of Moves on Auto SME Stock's Are running like mad bull Specially BRIGHT OUT DOOR MEDIA...

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  76. Wow, nifty 75 points up

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  77. Nifty will open tomorrow with a gap up of 90 to 100 pts and then move to 19950 to 19990 range.

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  78. 20370 / 47830 Futures Calling ...

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  79. In the today's consolation mkt earlier mkt was up due to IT Stock's but in the end Reliance drag mkt ... My views are Bullish on Infosys, TCS, LTI, LTTS, Tech M
    MPHASIS tomorrow if HDFC Bank able to hold 1670 then up mov towards 1700 first

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  80. Kal bhi l..... Lag jayenge bull ke

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  81. Kaha tak ja sackta hai kal any prediction

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  82. Kal फिर बारात आएगी

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  83. Tmrw open 420-30 range and sell again sl 435 ok

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