Nifty is facing downward pressure, and a drop below 21,950 is expected to initiate a sell-off towards 21,770, said technical analysts. However, the FII long-short ratio in the index futures stood at around 32%, suggesting that the markets might be nearing oversold territory. Analysts said if the Nifty closes above 22,150, it could present a … Read more
There are a host of corporate actions scheduled for this week. Natco Pharma, Suprajit Engineering, NMDC, and Jupiter Wagons will trade ex-dividend, while The South Indian Bank’s rights issue’s ex-date is fixed this week. On Monday, 26th February, Fineotex Chemical (Rs 1.2/share), Gateway Distriparks (Rs 0.75/share), Natco Pharma (Rs 1.25/share), Suprajit Engineering (Rs 1.1/share), and … Read more
After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more
