Allcargo Logistics shares to trade ex bonus, AIK Pipes IPO listing in Top News on January 2: Share market, Bank Nifty outlook, Kay Cee Energy & Infra IPO to close

Produced by: Prashanti Moktan Designed by: Manoj Kumar

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Allcargo Logistics 2
AIK Pipes
Kay Cee Energy & Infra

Ex bonus stock today (January 2)

Allcargo Logistics Limited shares will trade ex-bonus today (January 2) as it had earlier declared a bonus issue in the ratio 3:1. Shareholders will get 3 bonus shares for every 1 share held

Allcargo Logistics
IPO Stock

AIK Pipes IPO listing today (January 2)

AIK Pipes And Polymers Limited shares are set to list on the BSE SME platform today (January 2). The AIK Pipes And Polymers Limited IPO (AIK Pipes IPO) price had been set at Rs 89 per share. AIK Pipes IPO GMP was at Rs 5 as of 8:30 pm on January 1

AIK Pipes

Last day to subscribe to Kay Cee Energy & Infra IPO: GMP, Listing

Kay Cee Energy & Infra IPO is set to close for subscription today (January 2). The Kay Cee Energy & Infra IPO price band has been set at Rs 51 to Rs 54 per share. Kay Cee Energy & Infra IPO GMP was Rs 60 on Dec 29. Kay Cee Energy & Infra shares will list on the NSE SME platform with the tentative listing date of January 5

Kay Cee Energy & Infra
Stocks - 8

Stock markets on Jan 1

"The Indian equity markets kicked off the year 2024 with a subdued performance. Despite volatile trading conditions and mild selling pressure, the domestic equity benchmarks Nifty50 and Sensex managed to close slightly higher. At the end of the trading day, the Sensex was up by 31.68 points or 0.04 percent, reaching 72,271.94, while the Nifty recorded a modest gain of 10.50 points or 0.05 percent, closing at 21,741.90," said Shrey Jain, Founder and CEO SAS Online

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Share markets outlook for today  (January 2)

"Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields. But profit booking was visible at higher levels as lingering concerns over Red Sea disruptions pose short-term risks to global supply chains and freight costs. The spotlight of this week is also on FOMC minutes which will provide an insight for 2024 rate cut. Momentum in mid & small caps remains strong, buoyed by a positive macro-outlook however private banks experienced a reversal trend," said Vinod Nair, Head of Research at Geojit Financial Services

Nifty outlook today (January 2): Analyst view

"Nifty remained volatile throughout the session as traders remained indecisive. On the hourly chart, the Nifty fell below 20 DMA on intraday basis before closing on positive note. Going forward a decisive fall below 21,650 might call for directional fall in the market. On the higher end, a close above 21,750 might take the index towards the higher levels,” said Rupak De, Senior Technical Analyst at LKP Securities

Nifty
Nifty nse

Bank Nifty Technical View today (January 2)

"The Bank Nifty has fallen below 20DMA on the hourly chart, suggesting a waning bullishness. The sentiment might remain weak over the short term, however immediate support is placed at 48,000, where put writers are present heavily. A decisive fall below 48,000 might take the index towards 47,700/47,500. On the higher end, 48,300 is a significant level of resistance and bullish momentum might resume only above that level only,” said Rupak De, Senior Technical Analyst at LKP Securities

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Deadline for bid submission for Fintech Park in Noida

(December 26). Today (January 2) marks the last date for submission of bids to the Uttar Pradesh government for a 100-acre fintech park in Noida. Located in Noida Sector 13, the area is in the vicinity of the under-construction Jewar International Airport and is aimed at boosting the growth of financial services companies

Petrol prices

Petrol, Diesel Price today (January 2)

Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices remained stable today in major cities