“The good news is that legendary investors like Warren Buffett, Howard Marks have started allocation,” says market expert Ajay Bagga. The one thing that changed in the past week was FIIs turning positive on the Indian markets. Do you see this trend to be continuing going forward as well? Are you seeing the dynamics of … Read more
“Auto ancillary stock called Sona BLW is a stock that looks good to me. The company has been doing very well and will continue to do well. Hopefully its June quarter number should also come well,” says Kunj Bansal, Founder, Investment-illiteracy.com. Overall given that the texture of the market has changed and there is a … Read more
By Raj Deepak Singh, Head – F&O, Currency, & Commodity Research, ICICIdirect Strategy Positions: Short Nifty 30 June 2022 15,700 Call at 160 & Short 30 June 2022 15,700 Put at 140, Buy 30 June 2022 16,000 Call at 43 & Buy 30 June 2022 15,300 Put at 38 (1 lot each) Rationale: Nifty recovered … Read more
Month of May was particularly bad for IT stocks, as reflected in about 6 per cent drop in Nifty IT index. The main reason for such a fall is now crystal clear – data released by NSDL shows foreign portfolio investors (FPIs) sold stocks worth over Rs 16,000 crore from the sector amid volatile rupee. … Read more
There seems to be no let-up in FII sell-off in the Indian market. The daily sale numbers have been over a billion dollars for a while. This calendar year alone (Jan to March), the tally has trumped the trillion (Rs) mark by a wide margin. FIIs have pulled out a staggering amount of over $20 … Read more
Last week, while interviewing potential job seekers, I was pleasantly shocked. Mr A, not a Marwari or Gujarati, engineer from IIT Mumbai, after passing out with a degree in civil engineering, has become a day trader. He is trading Nifty futures and options from his one BHK flat in Jogeshwari. He shares the flat with … Read more