“So, net-net, overall, things are getting better incrementally for the market and we are seeing that once this pullback is done, we should see another round of rally coming up in the market,” says Rahul Sharma, JM Financial Services.Give us a sense of the kind of levels that you are spotting for the Nifty as … Read more
The Indian market is likely to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed in the negative with a loss of 0.34%, at 24,698 levels on Monday. On the options front, the maximum Call OI is placed at the 25,000 strike, followed by the 24,700 strike, while the maximum Put OI … Read more
Bank stocks rallied up to 2% on Friday after the Reserve Bank of India (RBI) slashed the cash reserve ratio (CRR) by 50 basis points to 4%. The measure will ease liquidity stress by releasing Rs 1.16 lakh crore in the banking system. Among the PSU bank stocks, UCO Bank led the rally, rising 2.8% … Read more
Paytm shares rallied over 4% to hit their 52-week high at Rs 939 in Monday’s trade on BSE after the digital payments service provider announced the launch of an automatic top-up feature for its UPI LITE service, enabling PIN-less transactions for payments under Rs 500. The new feature, currently available for select Yes Bank and … Read more
Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed positive with gains of 0.03% at 24226 levels on Monday. The volatility index India Vix fell by 1.38% to 14.27, indicating a decline in market volatility. On the options front, the maximum Call OI is placed at 25,000 … Read more
“Right now, it’s hard to say what to buy, but it’s best to wait for a reversal. Nifty has strong support at 23,800, with resistance around 24,600 to 24,700. Going short now is not advisable—any positive news could trigger a pullback to 24,500 or 24,600,” says Dharmesh Shah, ICICI Direct. Very interesting data point Soumeet … Read more
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more
NPS Vatsalya Scheme: NPS Vatsalya is now open for subscribers after its formal launch on September 18 (Wednesday). Axis Bank and ICICI Bank have joined the initiative and will be opening NPS Vatsalya accounts across their branches. NPS Vatsalya, just like the National Pension Scheme, is contributory plan with a tiered savings options with exposure … Read more
The initial public offering (IPO) of Northern Arc Capital, which opened for subscription earlier on Monday, was subscribed 2.87 times on the first day, attracting the strongest demand from retail investors. Retail investors had subscribed to the issue 3.87 times followed by non-institutional investors who booked it 4.48 times. Meanwhile, the qualified institutional buyers (QIBs) … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more