Markets witnessed a strong one-way upmove, with both the indices seeing some spectacular moves on the upside. Nifty’s coming week expiry option chain reflects on PE writers actively adding their positions all the way till 15,000 strikes – overall more than 30 thousand contracts each, with CE writers standing tall at 17,400/17,500 zones, with over … Read more
NMDC, a government of India public enterprise, might be down by about 37 per cent from its 52-week high, but recent price action suggests that bulls are slowly taking control and short-term traders can look to buy the stock on dips. is India’s largest producer of iron ore. It is involved in the exploration of … Read more
NEW DELHI: Markets remained volatile last week but managed to end marginally higher, taking comfort from global indices. The beginning was downbeat but the mood changed in the final sessions, thanks to a sharp recovery in the US indices. Consequently, the benchmark indices, both Nifty and Sensex, erased their losses and ended higher to close … Read more
The bulls made a strong comeback this past week, with the benchmark indices recouping all the losses it made in the first three sessions to end the week on a strong note, thanks to an improvement in global sentiment and F&O related activity. Banking and auto stocks gained while metals and oil & gas stocks … Read more
Mumbai: Production cuts in China, reduction in leverage, increasing profitability and a sharp correction in stock prices in the past three months make Indian steel stocks a good buy, according to analysts who recommend stocks such as Jindal Steel, JSW Steel, SAIL, and for a decent return in the mid- to long- term. The Nifty … Read more
