News for VIP Clothing Limited (VIPCLOTHNG.BO)

VIP Clothing Ltd expands into branded handkerchiefs & socks, aiming to convert unbranded products into essentials with quality & style.

Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.

Benchmark stock indices Sensex and Nifty climbed for a third day in a row, led by continuous foreign inflows and optimistic US market trends following the deal on the US debt ceiling. Nifty gained 100 points or 0.5%, almost reaching 18,600 points, while Sensex rose by 345 points to settle at 62,846.38. Only IT and oil and gas sectors underperformed while Bank Nifty remained bullish. Analysts expect Nifty to witness small profit booking due to a bearish harmonic deep crab pattern that formed on hourly charts, but the market breadth remains bullish.

421 301 ; Upto 15,00,000 nos. of Warrants at Issue Price, for a cash consideration, aggregating to ... | December 31, 2022

Based on the open interest future percentage, a short build-up was seen in 81 stocks, including Voltas, SBI Life Insurance Company, Dabur India, Metropolis Healthcare, and Tata Motors

421 301 ; Upto 15,00,000 nos. of Warrants at Issue Price, for a cash consideration, aggregating to ₹ 6,30,00,000/- to Mr. Kapil Jaykumar Pathare s/o Mr.... | December 10, 2022

On the sectoral front, the Nifty FMCG index fell a percent and the PSU Bank 0.6 percent, while the metal index added 1.7 percent and the information technology index 0.8 percent

Much of the wealth erosion was seen in the last four days, with more than Rs 14 lakh crore of wealth destroyed in four consecutive sessions (September 21-26).

Shree Cements, Adani Ports SEZ, IndusInd Bank, UltraTech Cem. and Power Grid were among the top losers on NSE in today's trade.

The Nifty Realty index closed 1.29 per cent down at 451.3.

In the afternoon deals, a total of 196 stocks rose to make a new 52-week high on BSE.

BSE Sensex and Nifty 50 were trading in red on Wednesday, a day of weekly F&O expiry day.

The weekly trading set up suggests 17,800 would be the immediate hurdle for Nifty. If it succeeds to trade above the same, we can expect a pullback rally up to 17,920-18,000-18,070, says Shrikant Chouhan of Kotak Securities.

Rohit Singre of LKP Securities said Nifty50 failed to cross above its immediate swing of 17,440 and the level would now act as immediate resistance for the index.

Trends on SGX Nifty indicate a positive opening for the index in India with a 28 points gain.

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