What the US market action overnight has done is that it has again brought back fear into the market and fear is the stronger emotion than greed. There is a possibility and high probability of market having a trend day today.
Investors are advised to stay cautious as last minute selling on Thursday derailed rally on D-Street. They can lighten up their position on a bounce towards 9,950 levels.
MFs were net buyers in two-thirds of the Nifty stocks last month. The highest net buying in July on a MoM basis was witnessed in HDFC, Hero MotoCorp, and Ambuja Cements.
The executive from Avendus Capital Alt Strategies sees some consolidation on D-Street. Among weak sectors, he sees a lot of pain for pharmaceuticals space.
The ongoing secondary corrective phase forms part of the larger degree uptrend and provides incremental buying opportunity to accumulate quality stocks in a staggered manner.
Biocon, Apollo Hospitals and Bharti Infratel, among others are being tracked by investors on Thursday.
Today is weekly options expiry on the Bank Nifty, the highest open interest is at 24,700 Call, my sense is that the risk reward might just be in your favour to take some calls.
A bullish candle formed for the second consecutive day signifies that the market witnessed sustained buying interest from the Bulls
The company received the Establishment Inspection Report (EIR) for an inspection that was carried in October 2016.
S Krishna Kumar of Sundaram Mutual Fund said inflows into financial instruments have been steady and there has been no major trend change.
Geopolitical concerns, which lead to corrections normally are the best buying opportunities especially in a bull market and once again this has been a lesson in portfolio management.
SBI, Cipla and TVS Motor, among others, are being tracked by investors on Monday.
The other five companies which got relief on Friday are Kavit Industries, Pincon Spirit, Signet Industries, SQS India BFSI and KKalpana Industries.
Both Sensex and Nifty have lost a little over 2 percent between August 7 and August 11, 2017 and look set to end the week on this note.
The government feels that the Personal Account Number (PAN) may not be enough to plug tax leaks in financial markets, according to The Economic Times.
According to the theory, the price of an object or a security is not determined by its intrinsic value, but more by the irrational beliefs and expectations of market participants.
Tata Steel and Welspun India, among others, are on the radar of investors on Tuesday.
As much as 106 stocks rose to fresh 52-week highs include names like ACC, Adani Ports, Avanti, Bata India, Britannia Industries, Bajaj Finserv, and Indiabulls Real Estate, among others.
Dabur, Sobha, and HPCL, among others are being tracked by investors on Monday.
Foreign investors have pumped in a staggering over Rs 5,000 crore in the country's debt markets in last four trading sessions helped by a stable outlook for the rupee.
Traders said apart from a weak trend overseas, fall in demand from local jewellers and retailers at domestic spot market, mainly pulled down the prices.
The revenue fell 2.7 percent at Rs 1,118 core against Rs 1,149 crore posted during the June quarter last year.
In this pattern, there is small or no upper shadow and the index declines throughout the trading day which makes up for the large body and a small lower shadow.
It is a market which could do an on core of July series which is that the first day low was the sacrosanct low, that low never got tested and because a lot of people are feeling left out, this market could not give them an opportunity to participate and could make a move straight towards 10,500 on the Nifty before giving any kind of meaningful correction.