Buccaneering traders bet Nifty rally has more legs to run on
With the equity benchmarks closing in on record highs hit in October 2021, traders are building up riskier positions on the bet that the ongoing rally will sustain in the near term. Traders were seen buying call options of the Nifty 50 index in deep out-of-money strike prices (where the underlying price is below the price set at which it is to be traded later), which are riskier than buying call options of strike prices closer to the current level of the index. Read here.
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Take a look at these key events
Today
Polls to 68-seat Himachal Pradesh assembly
PM Modi to inaugurate fertiliser plant in Telangana
PM Modi to lay foundation stone for Raipur-Visakhapatnam Economic Corridor
Gyanvapi Row: SC to hear plea seeking further protection of Shivling
Artemis I launch countdown to begin
Tomorrow
Ban on BS-III petrol and BS-IV diesel 4-wheelers in Delhi until tomorrow
CLAT 2023 Exam Date: Law entrance registrations to end
Jio Mumbai cyclothon rally
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IIP grows 3.1% in September, beats expectations
India's industrial growth, as per the Index of Industrial Production (IIP), rose to 3.1 percent in September, data released on November 11 by the Ministry of Statistics and Programme Implementation showed. At 3.1 percent, the latest IIP growth figure is above consensus estimates. A Moneycontrol poll of 14 economists had predicted IIP growth may rise to 2.3 percent in September. Read here.
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Turning 18? Make your 'pocket money' grow with you
If you have already turned 18, you may have saved some pocket money over the years. While it’s good to have a bank account and stash your cash there, Nithin Kamath, founder and CEO of India’s largest stock broking house Zerodha, advises against letting your money sleep in your bank account. Read more here.
DCX Systems shares close with 49% gains on debut
Electronic sub-systems and cable harnesses manufacturer DCX Systems had a stellar performance on its debut, rising 49 percent on November 11, backed by healthy market conditions. Read here.
Realme 10 Pro+ design teased, 10 Pro spotted
The Realme 10 series is launching in China next week. The Chinese smartphone maker has already teased several details about the Realme 10 Pro+. The most recent teaser reveals the design and some specifications of the smartphone. And, while the company hasn’t provided any details about the The Realme 10 Pro model, it was recently leaked on China Telecom. Here's a quick look at the upcoming phones's design, specifications, camera features and everything we know so far.
British Airways will now allow male staff to wear makeup and earrings
British Airways will now allow male pilots and cabin crew to wear makeup, carry handbags and sport piercings in an overhaul of its strict uniform guidelines. According to a report, under the new non-gender-specific rules, all employees can wear mascara, earrings and false eyelashes. The new uniform rules kick in Monday. More details here.
