When the dollar index moves up and is expected to trend up, FPI sell. Conversely, when the dollar index declines and is expected to trend down, they buy. Going forward, India will get its fair share of FPI money. But the high valuation in India will be a deterrent.
Nifty Bank December futures are trading in at a premium of 217.05 points. The strike of 43,000 has the largest Put options open interest (OI) concentration, which may provide support for the present expiry
Nifty showed the first sign of profit booking when prices slipped below 19,800 level, with a bearish candle on the daily chart. The index has completed the Bearish Crab harmonic pattern at 18,887.60 level.
As many as 41 stocks in the Nifty 50 index delivered a positive return to investors in the passing week. With a gain of (5.8 per cent), Britannia Industries emerged as the top gainer in the index.
'While markets are at all-time highs, the momentum in retail participation and activity is not nearly as much as it was at all-time highs this time last year,' says Kamath
The Labor Department's jobs report showed nonfarm payrolls rose by 263,000, compared with an estimated 200,000, as U.S. employers hired more workers than expected in November and raised wages despite mounting worries of a recession.
Sensex slipped 415.69 points to end at 62,868.50. During the day, it crashed 604.56 points to 62,679.63. Nifty lost 116.40 points or 0.62 per cent to end at 18,696.
Bajaj Hindusthan Sugar shares opened lower at Rs 11.12 today against the previous close of Rs 11.27 on BSE. They traded marginally higher above its opening level for nearly half the portion of trading hours
Paytm in its first ever Analyst Day meeting explained its business model and gave insights on its payments and lending businesses. The company management sounded confident of strong growth as well adjusted Ebitda break-even target by September 2023
Raymond shares touched an all-time high of Rs 1,626.45, gaining 19% on BSE. The surge in the stock comes amid high volume of shares traded on BSE today
BSE Sensex may hit the 1,00,000 mark in the next 4-5 years. The figure shows a 57 per cent upside from the record high level of 63,653.07, the index scaled on December 1, 2022
Analysts largely have price targets in the Rs 800-850 rang, suggesting potential up to 9-15 per cent potential upside for the stock. The scrip is up 60% in the last six months. That includes Friday's 2% rise on the counter
Shares of Likhitha Infrastructure jumped over 8% in Friday's trade, adding to its recent rise after ace investor Ashish Kacholia bought shares in the company. The scrip went ex-stock split today from Rs 10 to Rs 5 per share
PB Fintech saw a total of 2,28,42,424 shares changing hands in a block deal, amounting to Rs 1,042.52 crore. SoftBank Group was expected to sell a 5 per cent stake in the company today
YES Bank said the RBI has issued a conditional approval to each investor with respect to the proposed acquisition by each of them of up to 9.99 per cent of paid up share capital through subscription to equity shares and share warrants
Motilal Oswal said that the ongoing expansions (Rs 400 crore capex) at Alkyl Amines will boost the capacity of Aliphatic Amines by 30 per cent from 90-100ktpa at present
