Indian market is expected to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.78% at 22375 levels on Tuesday. India VIX was up by 2.71% from 16.60 to 17.05 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22800 strikes … Read more
Mahindra & Mahindra (M&M), part of the S&P BSE Sensex index, has rallied by over 40 per cent in the last 3-months compared to an over 2 per cent fall seen in the Nifty50 in the same period, but the upside may not be over yet. The automobile stock is cruising along nicely even though … Read more
BENGALURU: Indian stocks won’t return to their pre-COVID-19 levels this year despite a rally in recent months because companies face further difficulties and a market correction is likely, a Reuters poll of equity strategists found. The benchmark BSE Sensex Index has rallied over 50% from a record low hit on March 24, a day before … Read more