07:52 PM
Q1 Tracker: FIIs, MFs hike stakes in 6 stocks that gave double-digit returns in FY24
07:43 PM
PB Fintech Q1 Results: Policybazaar parent’s loss narrows to Rs 11.9 cr; revenue jumps 32%
The fintech’s operating revenue rose 32% year-on-year to Rs 666 crore in the reporting period. It was Rs 505 crore in the corresponding quarter of last year.
07:18 PM
US stocks kick off week higher; US inflation in focus
The Dow Jones Industrial Average rose 59.98 points, or 0.17%, at the open to 35,125.60.
The S&P 500 opened higher by 13.55 points, or 0.30%, at 4,491.58, while the Nasdaq Composite gained 63.22 points, or 0.45%, to 13,972.45 at the opening bell.
06:50 PM
FIIs turn net sellers at start of data-heavy weak
Foreign portfolio investors were net sellers at Rs 1,892 crore on Monday. DIIs, meanwhile, bought shares worth Rs 1,081 crore.
06:13 PM
Nifty volumes indicate support at 19,300-400. What traders should do on Tuesday
Normally, such pattern formation after a reasonable decline or up move is a signal impending reversal post confirmation. Having shown a decent upside bounce from the lows in the last few sessions, the odds of reversal from the highs are likely, said Nagaraj Shetti of HDFC Securities.
Volume profile indicates Nifty has strong support around the 19,300-19,400 zone. OI data showed that on the call side, the highest OI was observed at 19,700 followed by 19,800 strike prices while on the put side, the highest OI was at 19,500 strike price. On the other hand, Bank Nifty has support at 44,500-44,600 while resistance is placed at 45,200-44,350 levels.
The Indian rupee traded stronger against the US dollar, rising by 0.10rs to 82.75. This was supported by lower Non Farm Payroll (NFP) data in the US, which gave up gains on the dollar index. The upcoming Consumer Price Index (CPI) data this week is expected to provide further triggers for the rupee’s movement, as participants anticipate a further hike in US interest rates, which could give the dollar strength if the US CPI comes higher. The rupee is expected to be in the range of 82.50-83.15 before the CPI outcome.
– Jateen Trivedi, VP Research Analyst at LKP Securities
04:04 PM
Rupee snaps 4-day losing streak, but upside seen limited
The rupee ended at 82.74 per dollar, gaining 0.12% on the day. The local currency had ended at 82.84 on Friday.
03:58 PM
Sebi to review, standardise company disclosures
The Securities and Exchange Board of India (SEBI) will also ask for disclosures around cross holdings – where a publicly-traded company owns stock in another publicly-traded company – and financial transactions within a conglomerate.
The Indian market began the data-centric week with modest gains, primarily propelled by strong performances in the pharma and IT sectors. Global markets portrayed a mixed picture, with US futures exhibiting positivity in response to a moderation in bond yields, while European markets experienced declines due to weak economic data. Caution prevailed in the market due to the anticipation of upcoming inflation data and the RBI’s monetary policy.
– Vinod Nair, Head of Research at Geojit Financial Services
03:03 PM
EM stocks, FX muted; Pakistan ex-PM’s arrest, odds of election delay in focus
The MSCI index for EM stocks slipped 0.1%, dragged by China’s blue chips on concerns over deflationary pressures amid a lack of forceful stimulus measures from Beijing.
Chinese developers slid 3%, with Country Garden shares losing 7.7%. Yuzhou Group also closed lower…
Read More: Stock Market Highlights: Nifty volumes indicate support at 19,300-400. What