Mumbai: Domestic mutual funds reduced their exposure to many public sector stocks in the March quarter following a sharp rally in the pack over the past year. Of the 25 public sector undertakings (PSUs) that published their shareholding for the March quarter, 11 saw a decline in mutual fund holdings, while only three stocks saw … Read more
In a steep fall from the previous week, the number of smallcap stocks that offered double-digit returns this week were only 24. Last week, as many as 400 smallcaps rose in double-digits. The market sentiments worsened as the week went on as investors’ hopes for a June rate cut were dashed by higher-than-expected inflation in … Read more
Metal stocks jumped 11% on Tuesday, led by Hindustan Copper and Hindustan Zinc, amid a slew of triggers like strong Q4 updates and improving manufacturing outlook in the world’s two largest economies – China and USA. The other major gainers were Vedanta and Steel Authority of India (SAIL) which rose over 4.5% in intraday trade. … Read more
Three stocks are on the F&O trade ban list on Tuesday viz. Bandhan Bank, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). Meanwhile, Hindustan Copper has moved out of the ban. SAIL and Zee entered the ban list last week, and Bandhan Bank on Monday. The F&O contracts of any stock enter the … Read more
Technical charts indicate a continuation of the positive trend going ahead, with the India VIX currently trading below 12. Any market dip presents a buying opportunity, as technical analysts predict Nifty will move towards the 22,800-23,000 levels soon. Stocks such as Vedanta, Hindalco, JSW Steel, City Union Bank, Canara Bank, HDFC Bank, ABB, ITC, HUL, … Read more
Three stocks are on the F&O trade ban list on Thursday viz. Hindustan Copper, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (Zee). SAIL and Zee are the latest entrants. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions … Read more
The Indian market is likely to consolidate on Thursday tracking muted global cues. The Nifty future closed negative with losses of 1.66% at 22,073 levels on Wednesday. India VIX was up 5.79% from 13.64 to 14.43 levels. Positive setup was seen in stocks like Abbot India, ICICI Bank, and Bajaj Finance while weakness in NALCO, … Read more
Indian market is expected to open higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in … Read more
Benchmark indices closed with gains on Thursday in a highly volatile trade. The 30-share Sensex rebounded 195 points to settle at 72,500 and the broader Nifty gained 31 points to close at 21,982. Stocks that were in focus included names like Infosys, which rose 0.16%, Shriram Finance, which jumped 3.8%, and Hindustan Copper, whose shares … Read more
After a slow start, benchmark indices rebounded late on Tuesday amid mostly firm global markets. The 30-share Sensex climbed 305 points to settle at 73,095 and the broader Nifty ended 76 points higher at 22,198. Stocks that were in focus included names like Easy Trip Planner, which rose 2.07%, Hindustan Copper, which fell 3.6%, and … Read more
