Futures of various stocks have seen a build-up in the October series with traders rolling over their bets from the September contracts, which expired on Thursday. A look at stock futures that have seen higher-than-average rollovers and their near-term outlook. Titan Company CMP: Rs 3,817 Rollover to October series: 97.5% Futures open interest change in … Read more
Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors. An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term … Read more
Mumbai: Indian equities slumped in a broad-based selloff on Friday tracking weak global trends as traders cut bets ahead of the crucial US jobs data scheduled to be released after trading hours in Mumbai. Speculation that foreign funds were selling ahead of the deadline to comply with the ultimate beneficial ownership norms on Friday also … Read more
Nifty formed a small negative candle on the daily charts on Friday to end 12 points higher. On the daily chart, the index continued to form higher highs and higher lows as dips ended up being bought.The underlying trend of Nifty continues to be choppy with positive bias. Further upmove from here could pull Nifty … Read more
India’s equity indices fell nearly 1% on Tuesday, extending their fall to the second straight session as traders remained cautious amid heightened geopolitical tensions and ahead of the Wednesday release of US consumer price inflation (CPI) data. The prospect of lower-than-expected flows into HDFC Bank later this month, after the MSCI decided to raise the … Read more
A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks of piling into a popular bet. The CBOE VIX index, which tracks the stock market’s expectation of volatility based on S&P 500 index options, posted its largest-ever intraday … Read more
Nifty Bank, which has been underperforming in the last few weeks, looks ready for a smart recovery in the short term. “Going forward, a move above 51,500 might induce a decent rally towards 52,500. On the lower end, support is placed at 51,000,” says Rupak De, Senior Technical Analyst, LKP Securities. Edited excerpts: How would … Read more
The pre-Budget rally that has seen Sensex and Nifty touch unclaimed peaks this week may not sustain in the run-up to the D-Day, according to historical market trends ahead of the Budget. “If history were to repeat, we should see a dip prior to the Budget announcement. So history advises traders not to chase prices … Read more
Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more
Nifty ended Monday’s trading session 733 points higher with analysts saying that if the election results are better than expected on Tuesday the headline index can even cross the 24,000 mark. The bulls are in full control of the markets at the current juncture and are using every minor pullback to create long positions. Support … Read more
