Indian market is likely to consolidate on Tuesday tracking mixed global cues. Foreign institutional investors (FIIs) sold to the tune of Rs 4680.51 cr while domestic institutional investors (DIIs) bought to the tune of 4477.73 cr on Monday. FIIs’ long-short ratio for index futures is at 51.45 as on a net basis, they sold 7222 … Read more
Mutual fund managers are increasingly being choosy while picking stocks in the mid-cap and smallcap space amid concerns over rich valuations. In January, they selectively bought pharmaceuticals, while shuffling their holdings in the banking and financial services industry (BFSI) space after shares of private lenders fell on worries about their profitability. Some of their top … Read more
The Indian market is expected to consolidate on Friday tracking muted global cues. The Nifty future closed negative with losses of 0.09% at 21689 levels on Thursday. India VIX was down by 1.54% from 12.97 to 12.77 levels. Volatility cooled off and hovered around the same levels for the entire day creating lacklustre moves. On … Read more
The Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed negative with losses of 0.22% at 19825 levels on Friday. India VIX was up by 0.09% from 11.31 to 11.33 levels. Volatility slightly cooled off and comforted the bulls, but momentum was clearly missing. Positive setup was … Read more
The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore were executed during the week. Sizeable block deals that were executed on screen were worth over Rs 10,434 crore with Vedanta walking away with the … Read more