Stocks to buy today: 7 short-term trading ideas by experts
Options data suggests a broader trading range in between 17700 to 18300 zones while a shift in immediate trading range in between 17800 to 18100 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
Dollar buoyant as robust U.S. data keep Fed hawks in control
A slew of data out of the world’s largest economy in recent weeks pointing to a still-tight labour market, sticky inflation, robust retail sales growth and higher monthly producer prices, have raised market expectations that the U.S. central bank has more to do in taming inflation, and that interest rates would have to go higher.
Gold edges down on firmer dollar, U.S. rate-hike worries
Gold is considered a hedge against soaring inflation, but high interest rates increase the opportunity cost of holding non-yielding bullion. Data on Friday showed U.S. import prices dropped for a seventh straight month in January amid declining costs for energy products, leading to the smallest annual increase in imported inflation in two years.
FPIs shy of naming senior officers of parent entities
One of the significant disclosures is identifying ‘beneficial owners,’ which are typically large investors in the fund. However, if none of the investors has a big share of the fund corpus, key persons in the investment management entity of the fund are named as SMOs. These are people Sebi, with which all FPIs are registered, […]
Adani-Hindenburg row not to impact India story, says industry doyen K P Singh of DLF
“Completely nonsense,” he said on the Adani-Hindenburg row impacting India’s attractiveness as an investment destination. “India is too big a country today. So this story will die down. Investment will not be hurt.”
Nifty could face further selling this week: Analysts
One can focus on L&T, ABB, Cummins India, ONGC, Oil India, UltraTech, JK Cement, Tech Mahindra, and Mphasis. Traders can initiate a moderately bullish strategy with reduced premium outflow and a lower breakeven point — Bull Call Spread of March 2 expiry to buy one lot of 18,000 Call at Rs 137 and simultaneously sell […]
FPIs up bearish bets amid Fed rate call doubts
Bloomberg data showed the 20-day rolling average of net long contracts on the Nifty futures dropped to a multi-month low of 40,314 in the first half of February 2023, while their net short contracts climbed to 105,943-the highest since November 2022. Long-term average of net long contracts on a 20-day rolling basis is around 69,741 […]
Retail play in equity continues to fall, hits 34-month low
Daily cash market average volumes of non-institutional investors, mainly retail and high net worth individuals, were at ₹22,829 crore in January 2023, the lowest since March 2020 and 61% below the peak of ₹58,409 crore in February 2021, according to exchange data. Between then and now, the share of retail investors in total has shrunk […]
India’s economy to grow at 6% in 2023-24: Former Niti Aayog Vice Chairman Rajiv Kumar
“India has a good opportunity to persevere with a high growth rate because of the reforms undertaken during the last eight years. We will manage to grow at 6 per cent in 2023-24,” he said. According to Kumar, there are several downside risks, especially in the context of an uncertain global situation.