short covering

Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday

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Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday

The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more

FPIs: Foreign investors cutting bearish bets driving Nifty rally

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FPIs: Foreign investors cutting bearish bets driving Nifty rally

Mumbai: The surge in Nifty in the past month has been fuelled by the squaring up of bearish bets by foreign portfolio investors (FPIs), encouraged by a decline in US bond yields and weakening of the dollar. At the beginning of November, FPIs held a record 89% in short positions in Nifty, according to analysts. … Read more