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MARKETS
RECOMMENDATION:
ITC (Rs 174.55): Sell
We recommend a sell in ITC from a short-term horizon. The chart of ITC depicts that it has been on an intermediate-term downtrend since its May peak of Rs 232. However, in July, the stock found support at around Rs 160 and made a corrective ...
RECOMMENDATION:
Day Trading Guide
Fresh short-position can be initiated if the stock declines below Rs 465, with tight ...
FOREIGN INSTITUTIONAL INVESTORS:
Sensex yo-yos, but ends flat
FIIs stay net sellers; mood cautious despite liquidity-boosting steps. Mumbai, Oct. 7 The mood in the domestic equity markets remained cautious on Tuesday despite measures by the Securities and Exchange of India and the Reserve Bank of India to ...
FOREIGN INSTITUTIONAL INVESTORS:
Rupee breaches 48 mark
Mumbai, Oct. 7 The steps announced by the financial market regulators to improve the liquidity in the system on Monday hardly had any positive impact in the forex market on ...
STOCKS:
BSE Capital Goods index hits 52-week low
About 24% lost in one month, 14 stocks on losing list. Mumbai, Oct. 7 Capital goods stocks, which had not been faring as badly as stocks in other sectors in this year’s market decline, have been falling for over a month ...
STOCK MARKETS:
Indian stock market lost Rs 2.3 lakh cr in Sept: Crisil
Mumbai, Oct. 7 It is estimated that Rs 2.3 lakh crore of shareholders wealth eroded in the Indian stock markets in the background of the situation in the US financial markets, said a press release ...
DIVERSIFIED:
MCX begins trading in currency futures
Mumbai, Oct. 7 MCX Stock Exchange (MCX-SX) has recorded a turnover of Rs 287.49 crore with 59,952 contracts valued at $1,000 traded on the first day of currency futures trading on Tuesday. The open interest was ...
DERIVATIVES MARKETS:
Retail investors’ open position squared off
Reliance Industries, Reliance Petroleum see drop in open interest. Chennai, Oct. 7 Turnover jumped sharply in the F&O segment on NSE on Tuesday to Rs 59,768 crore against Monday’s turnover of Rs 46,863.23 crore. The Nifty October ...
STOCK MARKETS:
CRR cut: Only partial impact seen on liquidity
It is unlikely to prompt interest rate cuts by banks. RBI has announced that it will reduce the Cash Reserve Ratio by 50 basis points with effect from October 11. Though the move will only partially ease the banks’ prevailing tight ...
STOCKS:
Thermax order win proves no slackening
Co order book stands at Rs 4,400 cr. Thermax has won an order worth Rs 450 crore for setting up of a 60-MW captive power plant for a green-field integrated steel complex plant in Andhra Pradesh. This order, which involves the entire array of ...
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