Highest Call unwinding was seen at the strike price of 11,800 which shed 11.67 lakh contracts, followed by 11,400 which shed 8.99 lakh contracts and 11,500 which shed 8.04 lakh contracts.
Sumeet Bagadia of Choice Broking feels investors should remain stock-specific rather than sector-specific and invest only in attractively priced fundamentally strong mid- and smallcap stocks
After a volatile week gone by, the market is gearing up for another action filled week. Here are the key happenings to watch out for
Friday's low will act as strong support level for Nifty, Bank Nifty as well as stocks. IL&FS crisis will bring volatility in market in the expiry week so it is better to adopt wait and watch approach during this week
Sakshi Batra is in conversation with Santosh Nair, Editor of Moneycontrol, to find out what’s worrying investors, and how the markets could fare in the coming weeks.
The Nifty50 managed to recoup 2/3rd of losses in last hour of trade to close 91.30 points lower at 11,143.10.
Sectorally, BSE Realty index lost 3.4 percent, followed by the S&P BSE Bankex which lost 3.1 percent, and the S&P BSE Finance Index was down 2.5 percent on Friday.
Market Veteran, Warren Buffett always says we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful
IT and pharma stocks performed smartly in last couple of months as Nifty IT index year-to-date shot up 38 percent and Pharma gained 9 percent.
We believe that the problem of the housing shortage is real and that the need for quality infrastructure in the country is strong
Gaurav Dua of Sharekhan is advising clients to turn overweight on consumer discretionary, IT services, Pharma and also gradual build position in leading corporate lending banks.
While there is a view in the market that the fall in the Sensex and Nifty may only be temporary, indices are very likely due for a significant and persistent correction because of prevailing macroeconomic conditions
Call writing was seen at 11,300 strike, which added 10.75 lakh contracts, followed by 11,400 which added 6.76 lakh contracts and 11,200 strike which added 1.72 lakh contracts.
Morgan Stanley expects Sensex earnings growth of 23 percent YoY in FY19 and 24 percent YoY in FY20.
A candlestick is formed with the help of opening, high, low and closing price of the day.
The Nifty50 after gap up opening above 11,300-mark rallied to hit an intraday high of 11,332.05, but wiped out all gains in last couple of hours of trade to break crucial support and hit day's low of 11,210.90.
Real estate and cement sectors could be wealth creation opportunities over 3-5 years
Macquarie feels the valuation risk is limited to benchmark indices while midcap is still vulnerable.
Goldman Sachs, which was strategically overweight on India since March 2014, has turned slightly cautious towards Indian market in 2018 and lowered its investment view to marketweight from overweight earlier.
Upside for Nifty is expected to be capped on a short-term basis. We remain selective on specific stocks only and avoid aggressive long positions, says Dinesh Rohira of 5nance.com.
The Nifty50 lost 98.90 points to close at 11,278.90. And also closed below its 50-DEMA which indicates that bears are holding the tight grip in the market, experts said.
The 30-share BSE Sensex ended 294.84 points lower at 37,290.67 and the 50-share NSE Nifty lost 98.90 points at 11,278.90 despite positive global cues
Astron Paper was the smallest IPO worth Rs 70 crore since 2017 and state-run General Insurance Corporation was the largest public issue worth Rs 11,372 crore.
Ridham Desai of Morgan Stanley in his September report raised 30-share BSE Sensex target to 42,000 for September 2019, implying a potential upside of 11 percent.
Ravi Kataria of Investment Imperative Group said quality investments over the next couple of quarters can garner high returns post 2019 general elections.