Price set up at current juncture suggests that index may remain volatile as after the recovery of 500 points from recent swings lows, it is again finding hurdles at key resistance area, Taparia said
Companies having good quality assets & strong ALM & high corporate governance will continue to stand out among its peers, Sudip Dugar of Stewart & Mackertich Wealth Management says
Among the infra space, CG Power, GMR Infra, Interglobe Aviation, IRB Infra, NCC, Reliance Infra, Reliance Power and Reliance Comm are among the major losers.
Reliance Industries, Indiabulls Housing Finance, ITC, Dewan Housing and Bajaj Finance are most active shares on BSE.
Option band signifies a broader trading band between 10,450 to 10,700 zones.
From the BSE Group A stocks, Century Plyboards, South Indian Bank, Future Retail, Finolex Cables and HEG are trading higher with over 10 percent gain.
ONGC, M&M, Tech Mahindra, ICICI Bank and SBI are the top gainers on the Nifty.
From the metal space, APL Apollo, Welspun Corp, NALCO, MOIL, Tata Steel, Hindustan Zinc and Coal India are the top gainers.
Nifty PSU bank also up over 1 percent led by Central Bank, Indian Bank, OBC, Vijaya Bank, PNB, SBI and Syndicate Bank.
Dividend-paying stocks make an ideal portfolio play especially in times of crisis. These stocks tend to absorb the volatility and remain relatively stronger in such a scenario
India VIX moved up by 1.06 percent to 18.82 levels. Now VIX has to cool down below 17.50-17 zones to get the pace of buying interest in the market.
Based on above facts, one thing is clear, till the market is not crossing 11760, markets broadly would remain in a down trend and most likely to consolidate
From the BSE group B stocks, Aptech, Uttam Sugar Mills, GTPL Hathway, RS Software India, Thiru Arooran Sugars and DQ Entertainment locked at 20 percent upper circuit.
Among the sector, auto, bank, infra and metal index were trading lower, while pharma, energy and IT were trading with 1 percent gains.
The recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart return over a period of 12-18 months, experts said.
Harami is a reversal candlestick Pattern and consists of two candlesticks. The first candle is usually long and the second candle has a small body. The second candle is generally opposite in colour to the first candle
Sumit Bilgaiyan of Equity99 is bullish on these three stocks for the medium term
The option band signifies a broader trading band between 10,350 and 10,650 for the Nifty, says Chandan Taparia of Motilal Oswal Financial Services
MF inflows into equity oriented funds, which raised a bit of worries in July-August due to downtrend, doubled in September to Rs 14,100 crore from Rs 6,800 crore in previous month.
Raghvendra Nath of Ladderup Wealth Management said the panic selling is bringing down stocks to very attractive valuations and one should take advantage looking at potential upside in the next 2-3 years.
Having the right framework and first principles to fall back on can help us step away from market gyrations and lend for independent decision making.
A wrap of all the action from D-Street for the week that ended on October 12, 2018.
The option's vega is a measure of the impact of changes in the underlying volatility on the option price.
India VIX fell sharply by 9.34 percent to 18.62 levels. Topping out formation of VIX suggests that some rescue could be seen in the market, experts said.
From February, midcaps and smallcaps corrected more than 45-50 percent, in fact the bear phase for them had already started since then.