Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
BL Research Bureau
Nifty 50 August Futures (11,485)
The Indian benchmark indices, like its Asian peers, are in the green today. Both the Nifty 50 and the Sensex spot indices opened with a gap-up and have been moving higher. Among the major Asian indices, the Nikkei 225 has ended today’s session with a gain of nearly one-third of a per cent. The Hang Seng and the Shanghai composite indices are trading higher by 1.7 per cent and 0.3 per cent, respectively.
The market breadth of the Nifty 50 index clearly shows positive market sentiment as 33 out of the 50 stocks in the index have gained today so far. Like the benchmarks, the mid-cap and the small-cap indices too have gained. Among the sectoral indices, except the Nifty IT (down by 0.1 per cent) and the Nifty Pharma (down by 0.7 per cent), all other indices are in the green. The top performers are the Nifty private bank index and the Nifty financial services index, up by 2.3 per cent and 2.2 per cent, respectively. As the broader market sentiment looks bullish, the volatility has eased by about 2.5 per cent to 19.5 levels.
Following the Nifty 50 spot index, the August futures of the index opened higher today at 11,410 compared to Friday’s close of 11,377. Since open, the contract has been gaining where it registered an intraday high of 11,494 before slightly moderating to the current level of 11,485. The price has comfortably rallied past the important level of 11,400 which had been preventing the contract from rallying for about one month. As long as it lies above 11,400, the bulls will be in charge of the contract. So, traders can go long in declines with stop-loss at 11,400. On the upside, it can rally to 11,530 and 11,580.
Strategy: Go long in dips with stop-loss at 11,400
Supports: 11,455 and 11,400
Resistances: 11,530 and 11,580
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
After facing severe droughts for several years, farmers in western Maharashtra have turned the corner through ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
If you see garbage lying on the streets, remove it, says a dedicated plogger on a clean-up drive
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor