Defence stocks continue to remain under selling pressure, with technical and derivative indicators pointing to sustained weakness rather than an immediate turnaround. Anand James, Chief Market Strategist at Geojit Investments, cautions that while the sector is attempting to build a base, bearish signals on higher timeframes and heavy call writing suggest bottom-fishing may be premature … Read more
Indian equities displayed notable resilience on Friday, with the Nifty approaching the 26,100 mark. Despite global markets, particularly the US, showing weakness, domestic indices have managed to hold their ground, sparking optimism among investors. CA Rudramurthy BV, MD, Vachana Investments while commenting on the market’s performance, pointed out that, “First of all, we have to … Read more
Union Budget: The full Budget 2024, which was presented in July, brought about significant alterations to the taxation regulations governing mutual fund investments. Mutual funds are a popular choice of investment. During 2024, the cash reserves of mutual funds rose by Rs 70,081 crore, reaching Rs 1.80 lakh from Rs 1.10 lakh at the beginning … Read more
Why do you invest in the stock market? To make profits, isn’t it? Four years ago, when Jitendra Jain started options trading, he too was driven by the greed factor that makes Dalal Street overcrowded with scores of young ‘Khatron ke Khiladi’ for whom making quick money is no less than a game. But things … Read more
Bengaluru: The zero-to-hero stories of a handful of option traders in the last 2-3 years have made hundreds of others hopeful of replicating their success by moonlighting as a day trader. Some of these new star traders are not only willing to share their secrets but also mentor the new crop on Dalal Street. At … Read more
The Indian market closed in the green on Friday for the third consecutive day. The S&P BSE Sensex rallied by more than 300 points while the Nifty50 closed above 16,200 levels. Sectorally, buying was seen in capital goods, power, utilities, and industrials, while some profit booking was visible in metals, and telecom stocks. Stocks that … Read more
Indian market closed in the red for the third consecutive day on Friday. The S&P BSE Sensex closed below 53,000 while Nifty50 recouped some losses and closed above 15,750 levels. Sectorally, buying was seen in FMCG, Realty, finance, consumer discretionary, and IT stocks while selling was visible in Energy, Oil & Gas, and public sector … Read more
Indian market closed higher on Friday for the second consecutive day. The S&P BSE Sensex rose over 450 points while the Nifty50 closed just a shade below 15,700 levels. Sectorally, buying was seen in telecom, auto, utilities, power, and consumer discretionary while marginal selling was seen in IT stocks. Stocks that were in focus included … Read more
Indian market snapped its 2-day winning streak on Wednesday following muted global cues. The S&P BSE Sensex plunged more than 700 points while the Nifty50 managed to close above 15,400 levels. Sectorally, selling pressure was seen in metals, energy, realty, power, and utilities. The S&P BSE Midcap index fell 1.5 per cent, and the S&P … Read more
Indian market closed lower for the fifth consecutive day on Thursday following muted global cues. The S&P BSE Sensex plunged more than 1,000 points while the Nifty50 closed below 15,400 after it hit a fresh 52-week low. Sectorally, selling pressure was seen in metals, public sector, telecom, realty, and IT stocks. The S&P BSE Midcap … Read more