Amid the ₹14,261.41 crore sell-off, Sudeep Shah of SBI Securities believes that FIIs build-up short positions in index futures over the last three sessions, indicating increasing bearish bets. Foreign Institutional Investors (FIIs) have been aggressive sellers in the index futures segment in the last four trading sessions between May 26 and June 01, with their…
In the past one month, the Nifty Midcap 100 index outperformed the market by gaining 3.4 per cent, as compared to 0.1 per cent decline in the Nifty 50. Shares of midcap companies were in demand with the Nifty Midcap 100 index hitting a record high of 62,324.20, up nearly 1 per cent on the…
The May series marked a shift in “market character”, representing a transition from a short covering-led recovery to fresh positioning near higher levels India is likely to become a stock-pickers market in June as local money moves selectively into certain sectors while bearish bets by overseas investors limit broader gains, two brokerages said. The…
Domestic technology stocks saw significant gains on June 1, with all Nifty IT index constituents rising. Strong US software earnings and improved sentiment boosted confidence, reversing previous losses. Persistent Systems led with a 4% increase, while the Nifty IT index closed up 2.66%. Domestic technology stocks witnessed strong buying momentum in Monday’s trade on…
During the day, the Sensex touched a high of 76,559.07, up 1,144 points, or 1.5 per cent. Likewise, the Nifty 50 hit an intraday high of 24,054.45, up 335 points, or 1.41 per cent. Stock Market rally:Extending the gains for the second consecutive session, Indian equity benchmark indices Sensex and Nifty 50 traded sharply…
The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on…
Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading Market regulator Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and re-listed stocks during the pre-open call auction session. Under the proposed…
The probability of US-Iran negotiations entering a more substantive phase is rising-every additional week of disruption deepens financial market stress that the White House cannot indefinitely absorb Energy disruption sending distress signal The second-order effects of the US–Iran conflict are no longer confined to crude markets. They are now repricing sovereign debt, reshaping…
The latest revision follows a steep ₹3 per litre hike last Friday, as oil companies pass on higher costs triggered by global supply shocks and the West Asia crisis. The resulting inflationary pressure is likely to weigh on economic growth estimates, experts warned. India’s oil marketing companies (OMCs) increased fuel prices for the second time…
Vodafone Idea expects to close talks with an SBI-led consortium soon after promoter equity infusion and AGR relief improved its financial position Vodafone Idea’s top management is confident of closing the ongoing talks with a consortium of banks led by the State Bank of India (SBI) following the decision by promoters to infuse equity…