How to trade smartly: A 5-point guide for intraday traders to make money on volatile Budget day
Budget Day triggers significant market volatility, with the Nifty often fluctuating within a 2-3% range. Experts suggest focusing on key technical levels, proper risk management, and suitable strategies like Short Iron Fly and Short Iron Condor. Traders are advised to monitor sectors like railways, defense, and infrastructure for profitable opportunities, while employing confirmation-based trades.
Budget day trading strategy: What should Nifty traders do on D-Day?
Nifty may show higher-than-usual volatility on Budget day with historical intraday fluctuations of 2-3%. Sujit Modi of Share.Market suggests vega-based strategies like Short Iron Fly and Short Iron Condor, while HDFC Securities recommends a Long Butterfly Strategy to capitalize on expected IV changes.
Stock market open today: Is NSE, BSE open for Union Budget 2025 special session?
Share Market Open Today: National Stock Exchange (NSE) and the BSE confirmed in a circular issued earlier this week that trading will continue as per regular market hours. Pre-market trading will begin at 9:00 AM and run until 9:08 AM, after which equity market trading will take place from 9:15 AM to 3:30 PM.
Back in running, Street bulls hope for steroids on Budget Day
The NSE Nifty gained 1.11%, or 258.90 points, to close at 23,508.40. The BSE Sensex advanced 1%, or 740.76 points, to close at 77,500.57. For the week, both indices rose 1.8% in a relief rally marked by scepticism. They are down less than a percent in January.
RBI does dollar/rupee swap for $5 billion, injects liquidity
The Reserve Bank of India (RBI) conducted a dollar-rupee buy/sell swap for $5 billion on Friday, with the transaction to be reversed on August 4. The RBI received bids worth five times the notified amount at $25.6 billion.
L&T surges over 4% on strong Q3, order inflows
Shares of L&T have broadly remained range bound in 2024. It made a high of ₹3,963 in December and has fallen 11.2% since then.
Sebi voices concern about ‘Greenwashing’ by corporates
Sebi has defined greenwashing as making false, misleading, unsubstantiated or incomplete claims about the sustainability of a product, service or business operation.
Forex reserves can cover 90% of external debt
India’s foreign exchange reserves, amounting to $640.3 billion by the end of December 2024, can comfortably cover 90% of the country’s external debt and nearly 11 months of imports. Despite a recent dip, India remains the world’s fourth-largest holder of foreign exchange reserves, following China, Japan, and Switzerland.
Any correction in US may have a cascading effect on markets here
Linkages between the two markets are more pronounced in a downturn, but that may not be the case when the market is on a strong footing. In 51 instances, when the Nifty dropped over 10%, the S&P 500 notched up gains on 13 instances.