BUSINESS
Abrupt spikes trigger caution; FinNifty option premiums spike for second time this month
The unexpected surges in option premiums have put traders on high alert as Finnifty option premiums soar for the second time after tuesday. This volatility in premium rates has left traders on edge, prompting a reevaluation of their trading strategies and risk management techniques.
BUSINESS
F&O Manual | Indices trade flat; key straddle positions at 19,750 and 19,800 strikes
The chart pattern suggests that if the Nifty crosses and sustains above the 19,850 and goes above the 19,850 level, it would witness buying, leading the index towards 20,000-20,200 levels.
BUSINESS
F&O Manual | Nifty breaks positive streak, key straddle position at 19,700 strike
As per analysts, the index maintains a near-term support zone at 19,600, while the near-term target on the upside is 20,000. The support for the day is seen at 19,550 levels, while the resistance is seen at 19,800 levels
BUSINESS
F&O Manual | Indices trade positive; call, put writers clash over Nifty at 19,850
Nifty continues its positive momentum and is expected to close above the 19,800 zone, improving the market's bias despite tensions in the Middle East and the start of the results season.
BUSINESS
F&O Manual | Strong support seen at 19,750 for Nifty as bulls regain momentum
Cement and IT sectors gained, with ACC, Ramco Cement, JK Cement and Wipro seeing a long buildup
BUSINESS
TCS Earnings Preview Q2FY24: Moderate growth to continue despite major deal wins
TCS, India's top tech services company, is set to unveil Q2 FY24 earnings on October 11, with analysts expecting moderate growth amid weak discretionary spending. Despite significant deal wins, the company faces a profit realization time lag.
BUSINESS
F&O Manual | Nifty gains momentum on positive global cues; crucial support at 19,550 strike
The Indian equity market started on a positive note with all sectoral indices in the green. Sensex and Nifty showed gains, supported by strong options data at the 19,550 strike. Analysts predict further upward potential for Nifty, albeit with caution.
BUSINESS
F&O Manual |Market gains on RBI status quo; analysts predict bullish Nifty trajectory
For the Nifty, the support is at 19,500. On the higher side, it can move towards 19,750-19,800 and if it surpasses the 19,800 mark,more gains are likely
BUSINESS
Interview: Recession in US unlikely, India resilient, says Stefan Hofer, MD and Chief Investment Strategist of LGT Bank Asia
The $300-billion asset management group believes that India can move structurally higher on a number of levels over the next 5 to 10 years. The recent downturn in the Indian markets has been attributed to profit-taking, noted Hofer.
BUSINESS
F&O Manual | Nifty holds strong at 19,500, support is at 19,460
Among individual stocks, Marico and PNB are seeing a bearish build-up, while IEX and Infosys have a bullish set-up
BUSINESS
F&O Manual | Bears tighten grip; Nifty struggles at 19,400
The Indian equity markets are grappling with global uncertainty as the US stock market faces significant losses due to surging Treasury yields. Sectoral indices, except FMCG, are in decline, with auto, power, bank, metal and realty sectors down by 1%
BUSINESS
Indian derivative market outlook as US stock plunge, VIX curve inversion spark concerns
The turbulence in US markets, marked by the Dow's year-to-date low and an inverted VIX curve, has cast a shadow of uncertainty over India's derivative market but analysts are divided. Read on
BUSINESS
F&O Manual |Bearish momentum continues; Nifty sees heavy call writing at 19,600 strike
The Nifty has been finding support near its 50-days EMA. A slip below 19,767 will confirm the bullish trend reversal, while a 19,492 will resume the down trend, experts have said
BUSINESS
NSE's plan to extend trading hours: Additional session to see lower volumes, higher volatility
The National Stock Exchange's request to extend trading hours for equity derivatives has stirred debate among industry stakeholders. Analysts weigh the potential impact on trading volumes and volatility, with concerns raised about lower liquidity during extended hours, possibly leading to increased price volatility.
BUSINESS
F&O Manual | Bearish momentum persists; Nifty encounters strong resistance at the 19700 strike
As per analysts, the ‘buy on dips’ texture of the market which took the Nifty beyond 20,000 has now changed to ‘sell on rallies’. At 12 pm, the Sensex was down 108.51 points or 0.16 percent at 65,836.96, while the Nifty was down 23.70 points or 0.12 percent at 19,641
BUSINESS
F&O Manual | Nifty trades in a range in volatile market; Straddle position at 19,700
Nifty remains range-bound amidst heightened volatility, with notable straddle positions observed at the 19700 strike. At 1 PM, the Sensex was down 141.19 points or 0.21 percent at 65,882.50, and the Nifty was down 32.50 points or 0.17 percent at 19,642.
BUSINESS
How extending trading hours will help traders, challenge brokers
The proposal to extend trading hours will offer Indian traders greater flexibility to respond to global events and boost trading volumes, but infrastructure and risk management will have to evolve to support the move
BUSINESS
Why sugar stocks are up as much as 7 percent
This positive trend in sugar company stocks follows recent government orders mandating the disclosure of sugar stock positions for traders, wholesalers, retailers, big chain retailers, and sugar processors. This measure aims to proactively address hoarding and speculative practices in the sugar market.
BUSINESS
SME IPO: Holmarc Opto-Mechatronics debuts on D-street with 63% premium
Holmarc Opto-Mechatronics commenced trading at Rs 65.25 on the NSE SME platform, as compared to its issue price of Rs 40.The public issue was oversubscribed 75.78 times in the retail category and 93.27 times in the Non-Institutional Investors’ (NII) category.
BUSINESS
F&O Manual | Nifty trades in the red, sees heavy call writing at 19,800 strike
Indian indices started the day in the red, influenced by global cues. Auto, banking, and metal sectors saw buying interest, but capital goods, IT, and power sectors faced selling pressure. Analysts from ICICI Securities noted recent selling pressure on Nifty and expects challenges in breaching 19900 VWAP.
BUSINESS
Bearish sentiment hits pharmaceutical stocks on profit booking, heavy call writing in Cipla
Despite the broader market's resilience, the pharmaceutical sector exhibits a strong bearish sentiment, characterised by short positions in Glenmark, Cipla, Alkem, and Dr Reddy's
BUSINESS
F&O Manual | Indices exhibit resilience, Nifty finds crucial support at 19,670
Sectors like pharma, IT and metals were the major laggards while banks (private and public) and auto saw a rebound. At 11 am, Sensex was up 120.30 points or 0.18% at 66,350.54, while Nifty was up 25 points or 0.13% at 19,767.30
BUSINESS
Aggressive divestment drive triggers doubts on the fate of PSU stocks
SJVN’s aggressive pricing has made investors nervous. This aggressive push by the government has exacerbated investor worry, causing PSU stocks to take a beating on the bourses.
BUSINESS
Caution advised in Smallcap and Midcap Sectors midst market exuberance: Interview Axis Securities CIO
The mid and small-cap stocks' remarkable surge has ignited discussions among investors and experts, pondering the longevity of this bullish trend
