Stock Market LIVE Updates: The Nifty futures were trading around 17,892.50 level on the Singaporean Exchange at 7:30 IST.
Normal trading in a security resumes only after the aggregate open interest across exchanges comes down to 80 percent or below the market-wide position limit, the NSE said.
Stock Market News: In the previous session, the BSE Sensex jumped 378 points to close at 60,664, while the Nifty50 advanced 150 points to settle at 17,872
Multiple breakouts indicate an upward movement in Intellect Design
Stocks to Watch: Check out the companies making headlines before the opening bell today.
Price has begun walking its upper Bollinger band and has a breakout on RSI indicating an upward momentum in Castor Seeds.
A series of long green candles point out to change in sentiment from bearish to bullish in Coromandel Intl
Hindalco Industries is expected to remain sideways within our range. An Iron Condor trade to capitalise
USDINR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise.
Alphabet Inc (GOOGL.O) was the biggest drag on the S&P 500 and Nasdaq. Its shares sank 7.7% after its new AI chatbot Bard delivered an incorrect answer in an online advertisement.
Based on the OI percentage, as many as 78 stocks were on the short-covering list, including SBI Life Insurance Company, Adani Enterprises, Bajaj Finance, LIC Housing Finance, and HDFC Life Insurance Company.
The draft rules relate to listed companies which have listed their non-convertible debt securities and have an outstanding value of listed non-convertible debt securities of Rs 500 crore and above
The cost of borrowings for companies will go up further, as there is no clear indication as to when the interest rate cycle would peak for India. What we needed at this juncture was clearer forward guidance from the MPC
From the stock market investment standpoint, Mobius suggests avoiding infrastructure companies that have high debt and those that borrow capital to finance their projects.
The Reserve Bank of India clearly feels inflation is still a tad too high for comfort. Current data points suggest rates may pause at this level. Key task for RBI is to ensure economic growth doesn’t suffer because of inadequate liquidity
Return on equity for Indian companies superior to other equity markets, says Mark Mobius
According to Mobius, Hindenburg’s accusations against the conglomerate will have insignificant impact not only on the political landscape but on equity markets as well
Volume growth in tractors and falling raw-material prices are tailwinds
The Nifty50 has been in the range of Budget day (17,353-17,972) for fifth day in a row. Therefore, unless and until it takes out decisively the high of that day, the volatility and rangebound trade is likely to continue with crucial support at 17,700-17,550 area, experts said.
Among the sectors, buying was seen in IT, metals and pharma while selling was seen in capital goods space.
Metal stocks shone during the day while cement stocks buzzed due to likely review of taxes during the upcoming GST Council meeting.
At the current juncture, when the headline CPI is already within the MPC's target range and expected to trend downwards, a longish pause, starting from the April policy, seems imminent.
Out of the 32 brokerages covering JSW Steel, 26 of them had a "sell" or "hold" rating, with high valuations of the stock remaining a concern
Talk of “efficiency” might please investors for a while, but companies will need to make deeper changes to their culture to thrive long term
The Modi government has sent out a strong message that it stands for the poorest of the poor and does not believe in crony capitalism, but equally, it stands for wealth creation