Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards - 10 months ago
A broadening equity rally in the US is underway, expanding beyond mega-cap companies and into small caps, energy shares and industrial stocks, resulting in the rise of the S&P 500 nearly 12% year-to-date. Investors, repositioning portfolios primed for a widely-expected recession, are beginning to reap the rewards of increased allocation to economically sensitive markets. This development may ease worries of the market's narrow leadership, previously dominated by just seven mega-cap companies, some of which will have contributed to the majority of the index's gains for 2021. The resurgence in small cap companies has also seen the Russell 2000 small cap index rise by 6.6% this month alone.
Economic Times

NSE warns of Zerodha, Angel brokers’ copycats - 10 months ago
Three people — Suman Mahajan, Susmita Nag and Tushar Kanti Mondal — are collecting money from gullible investors and offering guaranteed returns by investing the money in stocks. Both Zerodha and Angel One had complained to the exchanges about them and their entities. Based on this, the NSE has cautioned investors not to deal with these entities.
Economic Times

75 smallcap stocks offer double-digit returns in a wobbly market week - 10 months ago
Indian equity markets started positively, but weak sentiments persist after the central bank's decision to maintain the key rates unchanged, as a caution towards inflation, while positive macro news buoyed the market. 75 smallcap stocks delivered double-digit gains with the top gainers being Greenlam Industries, EKI Energy Services, Suzlon Energy, and Indian Hume Pipe Company. Midcap segments, only Torrent Power, Hindustan Aeronautics, and Ajanta Pharma traded in the double digits. L&T was the top performer in the Sensex market. The release of May's domestic inflation data and the outcomes of the FOMC meeting is expected to play a role in shaping the market trend.
Economic Times

Flows into equity mutual funds fall to a 6-month low in May - 10 months ago
Investors in India withdrew INR3,240 crore ($475m) from equity mutual funds in May, half the prior month's total as they looked to cash in on the equities rally. Despite the slump in equity mutual funds, inflows to systematic investment plans hit an all-time high of INR14,749 crore, versus INR13,728 crore in April. Assets under management also rose to INR42.94 lakh crore. While small and midcap funds attracted flows, large-cap, flexi-cap and focused funds lost funds, along with ELSS schemes. Large-cap funds are struggling to beat the benchmark, leading investors to pursue passive funds.
Economic Times

IEX shares crash on govt’s plans for market coupling - 10 months ago
Shares of the Indian Energy Exchange (IEX) fell 18% in two trading sessions due to the Ministry of Power's directions to initiate a market coupling process. This could make prices uniform across platforms, which could reduce the role of energy exchanges. The government entity will make the price discovery, and the exchanges will only serve as an aggregation platform. Analysts advise investors to avoid the stock until the coupling issue is clarified. Market coupling means that a government entity will make the price discovery based on which power will be dispatched on platforms like IEX.
Economic Times

U.S. stocks end a tad higher as Tesla rallies - 10 months ago
The S&P 500 ended higher on Friday, led by a rally in Tesla, but missed session highs. The market is closely watching the Federal Reserve's policy meeting and inflation data next week. Tesla shares rose by 4.06%, as General Motors agreed to use the company's Supercharger network. The S&P 500 gained 0.11% to 4,298.86 points, marking an extension of its winning streak to four consecutive weeks. Traders predict 72% chances of the Federal Reserve holding interest rates while consumer prices data on Tuesday will help shape expectations of further rate hikes in July.
Economic Times

Goldman Sachs ups year-end S&P 500 price target to 4,500 - 10 months ago
Goldman's chief U.S. equity strategist David Kostin said in a note to clients the firm's 2023 earnings per share forecast for the S&P 500 of $224 remains unchanged and assumes a soft landing for the U.S. economy, as the economics team projects only a 25% probability of a recession over the next 12 months.
Economic Times

LIC raises stake in SAIL to 8.6% - 10 months ago
Life Insurance Corporation of India (LIC) has raised its stake in state-owned steel production firm SAIL by about 2 per cent through an open market acquisition. LIC bought 8.26 crore shares or 2.001 per cent of equity capital at an average price of Rs 66.18 per unit, the insurer said in a regulatory filing
Economic Times

Sebi cancels registration of Emkay Commotrade in NSEL case - 10 months ago
The Securities and Exchange Board of India (SEBI) has cancelled the registration of Emkay Commotrade for giving access to illegal 'paired contracts' on the defunct National Spot Exchange (NSEL). SEBI said it raised doubts on the company's competency to act as a registered securities market intermediary and that the company cannot be called a 'fit and proper person' for holding the certificate of registration. The NSEL's 'paired contracts' trading scheme saw investors incur a loss of INR 5,500 crore ($736.8m). Emkay's clients must withdraw or transfer their securities or funds within the next 15 days.
Economic Times

Tesla jumps as GM deal makes its charging network closer to US standard - 10 months ago
Shares of Tesla jumped nearly 7% following a partnership between General Motors (GM) and Ford to use Tesla's electric-vehicle charging network, which could make Tesla Superchargers a new industry standard in the US. This move ensures that the country's EV market can access Tesla's North American Charging Standard (NACS), which presents a big win for the rare partnership, making it the primary network in the country. The tie-up will increase the pressure on other automakers to upgrade their networks to work with Tesla's. Tesla's charging network is more widespread and reliable than the alternative combined charging system.
Economic Times

Path Towards Economic Normalcy: Assessing the impact of inflation, central bank policies - 10 months ago
Despite global economic activity slowing down, the absence of any significant financial accidents, robust employment conditions, and stronger balance sheets have aided in withstanding the normalisation cycle better than expected. However, the pressure on demand conditions may continue to rise due to higher nominal yield curves and tightened lending standards. Although corporate earnings have surpassed expectations, inflation will likely remain elevated compared to pre-Covid levels. The worst of the inflation scare may be over, but central banks are unlikely to resort to rate cuts unless there is a threat to financial stability. RBI's proactive stance has supported India's growth momentum, but fiscal deficit run rate is 6%, and pre-emptive loosening can backfire, resulting in higher inflation. Thus, rates may remain higher for longer, and short-term funds may provide healthier accruals without taking significant duration risk.
Economic Times

Canada Pension fund sells 1.6% stake in Kotak Mahindra Bank for Rs 6,123 crore - 10 months ago
The deal was executed at a weighted average price of Rs 1,855.64 and Canada Pension fund took home Rs 6,123 crore through the stake sale. As of March quarter, Canada Pension fund holds 4.6% stake. With the sale of the latest stake, the holding of Canada Pension fund came down to 3%.
Economic Times

10 best tax-saving equity mutual funds with highest returns - 10 months ago
Equity-linked saving schemes offer tax benefits under Section 80C of the Income Tax Act. Equity mutual funds have a lock-in period of 3 years and gains are taxed at 15% for less than a year. The top five tax-saving mutual funds on the basis of returns for 3 years are Quant Tax Plan (33.04%), BOI AXA Tax Advantage (23.75%), Mirae Asset Tax Saver Fund (20.04%), Canara Robeco Equity Tax Saver (19.84%), and IDFC Tax Advantage (ELSS) (18.89%). For 5 years, the top five funds are Quant Tax Plan (22.50%), BOI AXA Tax Advantage (18.26%), Mirae Asset Tax Saver Fund (18.22%), Canara Robeco Equity Tax Saver (17.26%), and IDFC Tax Advantage (ELSS) (16.24%).
Economic Times

Promoter sells 13.7% in CMS Info Systems via bulk deal; ADIA, Norges Bank, 3 domestic MFs pick up stake - 10 months ago
Singapore-based Sion Investment Holdings has sold a nearly 13.7% stake in CMS Info Systems, which has been purchased by Abu Dhabi Investment Authority and Norges Bank, picking up 1.29% and 1.69% of the stake, respectively. Meanwhile, three domestic fund houses – SBI Mutual Fund, 360 One Mutual Fund, and IIFL Mutual Fund – have added stakes in CMS Info Systems. Public stakeholders include mutual funds, which have a 10.02% stake, while foreign investors have a 12.94% stake.
Economic Times

Upcoming monsoon critical for broad-based recovery in Indian equities. Which stocks to bet on? - 10 months ago
Axis Securities predicts that macroeconomic scenarios will dictate the market in the upcoming months, with rural and domestic-focused themes expected to gain momentum. It has revised the December 2023 Nifty target upwards to 20,200, indicating an upside of 9-10% from the current level. Axis Securities recommended investors maintain liquidity, awaiting the market dips to build a position in quality companies with high earnings visibility. Midcaps are identified as growth sweet spots, while small caps are bottom-up plays. In the year-to-date, both foreign and domestic investors have been net buyers in the Indian equity market.
Economic Times

CPPIB sells 1.66 pc stake in Kotak Mahindra Bank for Rs 6,123 cr - 10 months ago
Post the latest transaction, CPPIB's shareholding has been reduced to 2.68 per cent from 4.34 per cent stake at the end of March.
Economic Times

CPPIB sells 1.66% stake in Kotak Mahindra Bank for Rs 6,123 cr - 10 months ago
Canada Pension Plan Investment Board on Friday divested around 1.7 per cent stake in private lender Kotak Mahindra Bank for Rs 6,123 crore through an open market transaction. According to the bulk deal data available with the BSE, Canada Pension Plan Investment Board (CPPIB) offloaded 3.30 crore shares, amounting to a 1.66 per cent stake in Kotak Mahindra Bank
Economic Times

US stocks open higher on Tesla boost, Fed meet in focus - 10 months ago
The Dow Jones Industrial Average rose 18.83 points, or 0.06%, at the open to 33,852.44.
Economic Times

These 9 midcap stocks touch their new 52-week high, gaining upto 30% in a month - 10 months ago
Amidst a market downturn on Friday, the benchmark Sensex declined 223 points, closing at 62,625. Surprisingly, despite this decline, nine stocks from the BSE midcap index achieved new 52-week highs. The 52-week high is an important technical indicator for traders and investors, as it reflects the highest price at which a stock has traded over the past year. It serves as a significant measure for assessing a stock's current value and predicting future price trends
Economic Times

Up 181% in 1 year! Multibagger stock declares 1:2 share split and 1:1 bonus issue - 10 months ago
Maan Aluminium has approved a 1:2 equity share split, which is intended to increase the stock's liquidity. The Board of the Indian company has also approved a 1:1 bonus issue of equity shares to existing shareholders, subject to approval at the annual general meeting. Bonus shares will be fully paid additional shares and issued to shareholders in proportion to the number of shares they already own, increasing liquidity and lowering the stock's price to make it more affordable to investors. The company produces aluminium for several industries and its share price has nearly tripled investors' wealth in the last year.
Economic Times

Tech View: Nifty forms make-or-break support at 18389. What should traders do next week - 10 months ago
The negative trend in the Nifty is indicated by bearish divergences in RSI and MACD, with immediate support placed around the 18450 levels but resistance found at the 18750 levels. The index is retracing its prior rise from 18060 – 18777, but a negative divergence needs to be confirmed before a negative outlook is established. The monthly expiry contract of the 18600 put option indicates traders are confident of a close-by bottom despite the current small profit booking phase, while Nifty's make-or-break support is at 18389.
Economic Times

Beware! NSE cautions investors against those misusing Zerodha, Angel One names - 10 months ago
The National Stock Exchange (NSE) of India has warned investors against individuals collecting funds as Angel One Industry and Zerodha Industry, promising assured returns on investments. These entities are not registered members of the exchange. Exchanges caution investors of unregistered trading firms and advisors who guarantee returns. SEBI has recently taken steps to check illegal practices of advisory in the market, due to the rise of individual financial and investment advisors termed as "finfluencers". Last month, a well-known YouTube finfluencer was ordered to pay settlement and disgorgement fees for violating investment advisor regulations.
Economic Times

Growth concerns! Macquaire downgrades HDFC Life, I-Pru Life, SBI Life despite valuation comfort - 10 months ago
Analysts are sceptical about the growth prospects of the insurance sector, despite lucrative valuations. The sector has underperformed the benchmark Nifty by 13% in the past 12 months, leading Macquarie to downgrade HDFC Life, ICICI Prudential Life and SBI Life to "Neutral" from "Outperform". The bank has also cut its FY25E value of new business estimates by 2-6% and target prices by 15-17%. Macquarie has forecast a lower value of new business CAGR at 9-15% for FY23-26E against 16-22% for FY22-25E.
Economic Times

Sensex falls for 2nd straight day, ends 223 pts lower; Nifty below 18,600 - 10 months ago
Closing Bell: Sensex falls for 2nd straight day, ends 223 pts lower; Nifty below 18,600; HAL rallies 6%, Voltas drops 3%
Economic Times

Sensex, Nifty fall for 2nd straight session; all eyes on Fed meet outcome - 10 months ago
The market capitalisation of all listed companies on BSE declined by Rs 73,059 crore to Rs 286.72 lakh crore. The market breadth was skewed in the favour of the bears. About 1,796 stocks declined, 1,739 gained, and 113 remained unchanged on the BSE.
Economic Times

5 most & 5 least-loved mutual funds of FY23 - 10 months ago
Do you know which were the 5 most loved and least preferred mutual funds in FY 2023? Do you think any mutual fund from your portfolio could be a part of it? Well, let's find it out in today's video. Watch!
Economic Times

Showstoppers! IRCTC & DMart among 15 fastest-growing companies from Junior Nifty pack - 10 months ago
Nifty ended FY23 with 11% EPS growth on a high base of 34% growth in FY22. Shifting focus from the Nifty universe to the volatile Nifty Next50 pack, also called Junior Nifty, 15 stocks stole the limelight this season. These are some of the fastest-growing companies of the last financial year, with up to 108% profit growth.
Economic Times

These 10 stocks gain for 5 days in a row; do you own any? - 10 months ago
After enjoying four consecutive days of gains, the benchmark index Sensex ended on a negative note on Thursday. Nevertheless, ETMarkets.com has shortlisted ten stocks from the BSE200 index that have demonstrated consistent share price growth over the past five trading sessions. With the exception of a couple of stocks, most of these stocks are trading near their highest point of the past 52 weeks. Over the course of the last five days, these stocks have experienced gains ranging from 3-15%. (Data Source: ACE Equity)According to Trendlyne SWOT analysis, all of these stocks exhibit more strengths than weaknesses, indicating a favourable outlook.
Economic Times

Paytm shares jump 14% in 3 days. Should you ride the tide? - 10 months ago
Paytm's shares increased by 5% to reach Rs 809.4 on BSE after global brokerage firms BofA and CLSA revised their ratings upwards on the fintech company. BofA upgraded Paytm to 'Buy' and raised its target to Rs 885, while CLSA maintained its 'Buy' rating and put the target at Rs 850. CLSA predicted a potentially negative impact if the RBI allows First Loss Default Guarantee for non-regulated entities, as Paytm's profitability and business model may suffer. Analysts also noted Paytm's expansion into new businesses, such as lending and insurance, as a driver of bullish outlook.
Economic Times

Smallcap stock zooms 11%, hits 52-week high after new facility starts production - 10 months ago
Greenlam Industries saw a jump of 11% in its shares in Friday's intraday trade on BSE after it announced that it started commercial production at its new Tamil Nadu plant. The plant has the potential to yield an annual revenue of INR 400 crore at full capacity and has an 18.9 million square meters p.a. capacity. Earlier, Greenlam informed of setting up a manufacturing facility for plywood and other products at Tindivanam in Tamil Nadu with INR 125 crore investment. The shares traded up 6.3% on Friday, while the average target price of the stock is INR 393.
Economic Times

Stock screener: MFs, FIIs drool over these 10 stocks, earn double-digit returns - 10 months ago
Institutional investors such as foreign portfolio investors and mutual funds have increased their stakes in at least 20 Indian stocks in the past three quarters, but only 10 of these investments have yielded double-digit returns in FY23. The stocks that have rewarded the institutional investors include L&T Finance Holdings, Maharashtra Scooters, Arvind Smartspaces, Devyani International, Syngene International, BHEL, Hikal, Mayur Uniquoters, Tata Coffee, and Natco Pharma. Only stocks with a market capitalisation of at least INR 500 crore are included in the study.
Economic Times

Opportunity in crisis? Stocks of 4 rice exporters have upto 25% upside scope on climate issues in Pakistan, China - 10 months ago
First, it was the Ukraine war, which led to logistic issues at some important ports. Second, sudden changes in climatic conditions in China and Pakistan lead to a drop in production of rice. Will this bring an opportunity for rice exporting companies of India and also the retail investors?
Economic Times

Aether Industries shares climb over 7%, hit 52-week high. Here's why - 10 months ago
Speciality chemical manufacturer Aether Industries' shares rose 7.5% to reach Rs 1,056 ($14.58) during Friday's BSE trade. This was attributed to the firm signing a license agreement with Saudi Aramco Technologies Company. The commercialisation deal for sustainable Converge polyols technology is expected to open the way for Aether's activities in manufacturing and commercialisation of the product series. There is potential revenue worth targeting within the polyol market if Aether attains its objectives and the company has signed an LoI with a US-based oilfield services international in another boost to its commercial sphere.
Economic Times

Tokyo stocks close higher - 10 months ago
Tokyo shares surged following positive gains on Wall Street, due to optimism about the US economy and expectations of the Federal Reserve not increasing interest rates next week. The benchmark Nikkei 225 index added 1.97%, ending at 32,265.17, whilst the broader Topix index rose 1.50%, reaching 2,224.32. Many analysts expect the Bank of Japan to maintain its current easy money policy during meetings next week, though they will be monitoring any possible suggestions of future changes. The dollar fetched 139.34 yen in Asian trade, compared to 138.89 yen in New York late Thursday.
Economic Times

‘Buy’ calls galore on Nifty Financial Services index stocks with one exception. Will analysts be right? - 10 months ago
The provisions of the budget brought a number of financial services under pressure. However, in the Q4 earning season when IT stocks came under pressure it has been financial service stocks including banks which have been able to help nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
Economic Times

Opportunity in crisis? Stocks of 4 rice exports have up to 25% upside scope on climate issues in Pakistan, China - 10 months ago
First, it was the Ukraine war, which led to logistic issues at some important ports. Second, sudden changes in climatic conditions in China and Pakistan lead to a drop in production of rice. Will this bring an opportunity for rice exporting companies of India and also the retail investors?
Economic Times

Banks and IT stocks share inverse relationship, shows 14-year history - 10 months ago
According to Jefferies, India's most widely-owned sectors, financials and IT, have shown an inverse relationship nearly 70% of the time in the past 14 years. The reason for this lies in macroeconomic trends; banks tend to outperform during times of favourable macros like stable and strong INR, falling yields and strong growth, whereas IT tends to outperform during weakening rupee, rising yields/inflation, and weaker macros. Jefferies' model portfolio is overweight lending financials by 2 ppt while IT is the largest underweight by 4 ppt.
Economic Times

Kotak Bank shares fall over 1% on block deal; Canada Pension Fund likely seller - 10 months ago
Kotak Mahindra Bank's shares fell over 1% during Friday's trading session, following a block deal in the counter. The Canada Pension Plan Investment Board was expected to sell 3.3 crore shares, amounting to a 1.6% stake in the private lender, at a price range of Rs 1,792-1,886 per share. The lower end of the floor price is approximately a 5% discount. Foreign investors own a significant stake of 36.7% in the bank, while mutual funds own 10.99% and LIC has about 6.21% stake among other public shareholders.
Economic Times

IEX shares tumble 23% in 2 sessions. What's behind the fall & how to trade stock now? - 10 months ago
Shares of Indian Energy Exchange (IEX) fell by 15% to a 52-week low of INR116 ($1.56) on NSE on Friday after the Ministry of Power decided to go ahead with market coupling. An independent third-party will collect buy and sell bids and decide a uniform market price across all exchanges. Brokerage firm Nuvama described this move as a big negative for IEX and recommended a "reduce" rating on the stock with a price target of INR127.
Economic Times

Chart Check: Coromandel International climbs 200-DMA on daily charts; likely to hit Rs 1,000 level - 10 months ago
Coromandel International's stock price has formed a strong base above the Rs 840 level, showing a rebound in March 2023 to reclaim its 50 and 200-DMA. The stock largely moved in a range but saw a breakout above Rs 940 in May and climbed above 200-DMA placed at Rs 941. The stock is still down over 12% from its 52-week high of Rs 1,094 recorded on 1st September 2022. According to Technical Analyst Kapil Shah, the stock offers a buying opportunity with a stop loss of Rs 915 and an upside potential of up to Rs 1,000 to 1,050 in the next month.
Economic Times

Hot Stocks: Brokerage view on Paytm, Avenue Supermarts, HDFC Life and SBI Life - 10 months ago
Brokerage firm CLSA has maintained a buy rating and target price of Rs 850 on Paytm. Motilal Oswal has recommended a buy call on Avenue Supermarts with a target price of Rs 4200. However, Macquarie downgraded HDFC Life to neutral from outperform with a target price of Rs 556, ICICI Prudential Life and SBI Life to neutral from outperform with target prices of Rs 486 and Rs 1306 respectively. The bank remains apprehensive of long-term growth prospects and increasing regulatory risks in insurance companies.
Economic Times

Stock screener: MF, FII drool over these 10 stocks, earn double-digit returns - 10 months ago
Institutional investors such as foreign portfolio investors and mutual funds have increased their stakes in at least 20 Indian stocks in the past three quarters, but only 10 of these investments have yielded double-digit returns in FY23. The stocks that have rewarded the institutional investors include L&T Finance Holdings, Maharashtra Scooters, Arvind Smartspaces, Devyani International, Syngene International, BHEL, Hikal, Mayur Uniquoters, Tata Coffee, and Natco Pharma. Only stocks with a market capitalisation of at least INR 500 crore are included in the study.
Economic Times

Kajaria Ceramics among 6 mid & smallcap stocks on which brokerages initiated coverage - 10 months ago
A host of brokerages have initiated coverage on several stocks wherein they see an upside scope of up to 28%. These stocks belong to various industries such as chemicals, microfinance, defence and ceramics. Here is a list of these 6 stocks:
Economic Times

Survival of the fittest! In crises, IT index trumps Nifty50. Here’s how to trade top sectoral stocks - 10 months ago
Indian IT firms are struggling to predict their growth trajectory amidst global upheavals and economic uncertainty. Nonetheless, the sector has a history of showing more resilience than the broader Nifty50 in previous crises, according to a report by Nuvama. Nuvama expects the Indian IT sector to deliver handsome returns in the next two to three years, as enterprises need cloudification and digitisation. In identifying 10 stocks, Nuvama's top pick is LTIMindtree. The valuations of the IT services sector have significantly underperformed the broader index since 2022, due to a slowdown in global tech demand.
Economic Times

At multi-year highs: HAL among 8 stocks that gave 5-year breakouts - 10 months ago
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks crossed their previous 5-year high value at the close on June 8, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.
Economic Times

Halt likely in NBFC’s dream run as Maharatna moves bearish to sideways - 10 months ago
The stock price of this NBFC has risen sharply by 29% over the past couple of months from the bottom of Rs 6,995 to the recent top of Rs 7,141. Such a steep rise is difficult to sustain and is now showing signs of faltering. The price is losing the momentum and is struggling to sustain above its supply zone.
Economic Times

Sensex, Nifty rise on gains in banking, financial stocks - 10 months ago
The Indian equity market opened marginally higher, led by banking and financial stocks, after positive cues from global peers and a day after the Reserve Bank of India kept rates unchanged. The BSE Sensex was trading higher by 117 points or 0.19% while Nifty50 was up 33 points or 0.18%. On the sectoral front, Nifty Consumer Durables surged by 0.67% and Nifty FMCG rose by 0.30%. Meanwhile, the US's decision to push out a rate hike and trade tensions drove Asian shares up but oil prices fell as US sanctions on Iran were expected to be eased.
Economic Times

Sensex gains 100 points, Nifty above 18,650; EKI Energy surges 11% - 10 months ago
Sensex rises 100 points, Nifty above 18,650; EKI Energy surges 11%, IEX tanks 10%; Yes Bank, Vodafone Idea, Manappuram Finance are some of the top gainers in the morning trade.
Economic Times

Asian Paints, Indian Hotels among 15 stocks that turned ex-dividend today - 10 months ago
Fifteen companies, including Voltas, Solar Industries and Asian Paints, among others, turned ex-dividend on June 11. These companies had earlier announced the record date for eligibility of shareholders to receive dividends. Stocks of companies trade ex-dividend on or a day before the record date. Moreover, nine other stocks, including Caplin Point Laboratories and Cigniti Technologies, among others, announced dividends of various amounts per share for their shareholders.
Economic Times

F&O Ban: Indiabulls Housing, Manappuram Finance under ban on Friday; India Cements exits - 10 months ago
Indiabulls Housing Finance and Manappuram Finance are among the stocks in future and options (F&O) ban for trade. India Cements exited the ban after three sessions. The ban can be reinstated if the open interest (OI) surpasses 95% of the market-wide positions limit and ends once it falls below 80%. The two recently banned stocks will still be available in the cash market. The S&P BSE Sensex and Nifty50 broke their four-session gains. Technical analyst Rajesh Bhosale advised that prices may decrease to Rs. 18,500 if profits are further booked.
Economic Times