FPI buying powers Sensex, Nifty to new closing highs
The Nifty and the Sensex each closed up 0.74% at 18,826 and 63,384.58, marginally shy of their record intra-day highs of 18,887.6 and 63,583.07 on 1 December Key Points
mintHow not to overspend at sales: Ways to avoid retailer tricks, cognitive biases that make you binge during
The blitzkrieg that starts with massive online sales in October, lingers on till the end of the year, peppered with offline sales across malls and markets. Bombarded with ‘blockbuster deals, ‘instant discounts, ‘up to 89% off, ‘no-cost EMIs and cashback offers, customers are ill-equipped to resist the urge to spend. Key Points
Economic TimesElection results to impact price performance over next 12-18 months: Nilesh Shah, Kotak AMC
Domestic and global investors, retail investors, and HNIs are buying, and supply has not appeared in the secondary market sale, QIPs, OFS, nor IPOs. The buying has overwhelmed selling, but market regulation works, and selling is inevitable. The Indian market is an oasis in the global desert, with the world tackling inflation and struggling with growth; India has regulated inflation and maintained positive growth rates. Key Points
Economic TimesFor risk takers with a long term perspective? 5 midcap stocks with right RoE and upside potential of up to
At the start of 2023, the mood in the market was bullish but there were some apprehensions due to many reasons primarily being that FII’s had not been buying and there were some mega IPO issues in the pipeline. By the end of 2023, there is only bullishness on the street. Why most investors are feeling bullish is not that FII have returned to markets, but the fact that because mid-cap stocks have done extremely well and their portfolios are once again showing decent returns. As the party continues while staying bullish, just add an element of caution. When we use the word caution, we means stay with quality. Key Points
Economic TimesFPI buying hits 4-month high; markets poised to rally more
The April purchase was the highest for FPIs since their ₹36,239 crore investment last November, which drove Nifty to a record 18,887.6 on 1 December. Key Points
mint
Pashupati Advani on his top bet among new age stocks, M&M buying RBL stake and more
I am still looking at Paytm as the mover for the market. I think that should be looked at. I would like it to be a little cheaper. It has come down a little bit from Rs 800 plus. In the mid 700s, it was probably a good play. As I said, I am in and out and so I am taking it as a trading stock as well. Key Points
Economic TimesJapan's Nikkei posts biggest point gain for fiscal year
Japan's Nikkei share average surged on foreign buying and a weaker yen, posting a record fiscal-year gain. Despite currency market concerns, investors remain optimistic due to record property sector rally. Key Points
Business TodayTechnical Breakout Stocks: How to trade RIL, M&M and ICICI Bank on Monday?
Indian market closed marginally in the red. S&P BSE Sensex held on to 73000, Nifty50 closed below 22,200. Reliance Industries was up 1%, ICICI Bank hit a record high, and M&M closed at a fresh record high. buying seen in telecom, capital goods, realty, consumer durables, and industrials. Some selling seen in oil & gas, public sector, and energy stocks. Key Points
Economic TimesFor calculated risk takers: 4 smallcap stocks with upside potential of up to 32%
It was the second time in the last ten days that banks are leading to decline in the market and the midcap index is trading with cuts which were greater than broader market indices. Yesterday should serve as a reminder to all those who have been buying stocks in the last few weeks without even bothering to look both at fundamentals and valuations. For all those who are looking at taking fresh exposure in small and mid-cap segments it would be better that rather than doing post facto analysis they should do more homework by looking at some fundamental ratios and business of the company. Despite doing all this, one should be ready to see a draw down as risk cannot be eliminated but only managed. Key Points
Economic TimesThere’s no missing the bus in market; metals a contra bet & 2 largecaps to buy on dips: Sandip Sabharwal
“In the largecap side, if there is a dip, we could buy into ICICI Bank, that is the preferred bet and then Maruti. That is one stock which has not performed at all although most of the other stocks have moved up, so that I think still has a decent value. A contrarian bet would be stocks like Tata Steel and Vedanta. Now, whether I am buying that on dips is the question.” Key Points
Economic Times
For long-term investors looking for midcap exposure: 4 stocks with right PEG ratio
The problem with PE ratio is that it not only creates a mirage in terms of buying of a stock. But even selling stocks just because P/E is high is also something which leads to selling wealth creators early and then regretting or buying them at a point when they are expensive in real terms. So it is better to use peg ratio, which comes with its own challenges, which are still worth taking. Key Points
Economic TimesIndian shares to open higher as US data boosts rate outlook
Indian shares are set to open higher on Thursday, as rising expectations of an end to the U.S. Federal Reserve's rate hike cycle boosted risk appetite. Key Points
ReutersTata Motors among top 3 trading ideas for next week from Kunal Shah
Despite unfavourable global news, the bulls have taken full control of the market. Notably, this buying surge came from Domestic Institutional Investors (DIIs), especially in the cash market, as Foreign Institutional Investors (FIIs) were net sellers. Key Points
Economic TimesIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersMarkets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on May 9, in the morning, helped by continuous buying from foreign institutional investors and on signs that recession fears in the U.S. are easing. Key Points
The Hindu
Long term investing: 6 midcap stocks with high ROE & consistent ROCE
Nothing wrong in getting excited about Nifty moving up, but before one buys they should be clear what they are buying and why they are buying that particular stock. We looked at different parameters and made a list using Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesWhy are DIIs and FIIs buying in India? Saurabh Mukherjea on what changed in market in one month
FIIs are returning to the Indian market due to the strength of the dollar and the weakness of the rupee. Saurabh Mukherjea, founder of Marcellus Investment Managers, says that in the past six weeks, his portfolio has increased by 8-9% due to FIIs' return. Mukherjea believes that Asian Paints, Pidilite, and Bajaj Finance have such significant competitive advantages that it is challenging for any rivals to enter these markets. Key Points
Economic TimesReal Estate Radar: We expect 10-15% jump in home sales next year as well: Rohan Sharma, JLL India
The real estate market is experiencing strong sales momentum, driven by a booming economy and attractive home loan rates. Green initiatives and sustainability are becoming increasingly important, and buyers are willing to pay a premium for eco-friendly homes. Informed decision-making is crucial for property investments, considering factors like affordability, location, and potential issues. Key Points
Economic TimesUse dips to buy IREDA and do a SIP for next 6 months: Sanjiv Bhasin
“If you failed to get allocations in IREDA, I would suggest doing a SIP for the next six months. Buy some now, buy some on declines and keep buying every month. It depends on your duration as an investor. The short-term traders will have made a killing. But the longer-term play is still to be invested in power lenders because they have never had it so good.” Key Points
Economic TimesMen step out most for buying grocery
Uttar Pradesh, Madhya Pradesh, Rajasthan and Bihar have the highest percentage of male shoppers, according to the data — 56-69%. By considering the cultural context, fast-moving consumer goods (FMCG) companies can better meet needs and preferences in different states, experts said. “Upon a quick comparison with the female literacy rate, a clear correlation emerges,” said Anshul Gupta, founder of Kirana Club. Key Points
Economic Times
4 PSU stocks look attractive at current level, for others wait for 5-10% dip: Kunal Shah
“However, other PSU stocks may require a correction of 5-10% for an ideal buying opportunity. Investors are advised to consider adding more of the mentioned stocks during any dips,” he says. Key Points
Economic TimesMicrosoft brings AI-powered shopping tools to Bing and Edge: Things to know
Microsoft has introduced new AI-powered shopping tools for its Edge and Bing browsers. The features include buying guides, summarized reviews and insights, price matching, and package tracking. The tools are available in select markets and will be rolling out worldwide over time. Key Points
mintMarkets climb in early trade amid buying in Reliance, Tata Consultancy Services
The 30-share BSE Sensex climbs 252.62 points to 76,709.21 in early trade. Benchmark equity indices climbed in early trade on Wednesday amid buying in market... Key Points
The Tribune IndiaTechnical Breakout Stocks: How to trade KEC International, Kalpataru Projects and Solar Industries on Tues
The S&P BSE Sensex fell more than 600 points while the Nifty50 closed below the 22400 level. Sectorally, buying was seen in healthcare stocks while some selling was seen in telecom, metals, utilities, public sector and realty stocks. Key Points
Economic TimesIndian stocks extend losses on profit booking
New Delhi [India], January 3 (ANI): Indian stock indices continued to trade in the red on Wednesday, extending losses for the third session of 2024, primarily attributable to dragged profit booking after a stellar cumulative performance in 2023. High valuations, too, are a concern. Benchmark indices – Sensex and Nifty — were 0.4-0.5 per cent […] Key Points
ThePrint
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 40%
When should one be cautious, in a strong trending bullish market which has lasted for months or bearish markets? The answer is both, in case of a bullish market cautious in “what is one buying” and in bearish markets, “what is one selling”. The reason selling a good stock just because the market is in a bearish phase is as bad a decision as buying the wrong stock. But at this point of time we are in a strong bullish phase, it is time to be cautious while buying. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFPI buying in Indian shares hits 6-month high in first half of May: NSDL
Foreign portfolio investors (FPIs) extended their buying streak in Indian equities in the new financial year, having bought shares worth 249.39 billion rupees on a net basis in the first half of May, National Securities Depository Ltd (NSDL) data showed on May 22. Key Points
The HinduDeepak Shenoy on why he is changing the mix in his portfolio
“We have got a lot of stocks and they are very exciting stocks because they moved up – the railways, the defence stocks. Some of them continue to excite us. The playground is much bigger than the current players, market caps tell us right now. So, there is a lot more scope over there, but there is also some scope in the financial market industry.” Key Points
Economic TimesBreakout Stocks: How Elgi Equipments, JB Chemicals and Delta Corp are looking on charts for Thursday’s tra
Sectorally, buying was seen in realty, healthcare, and oil & gas stocks, while selling was seen in IT, telecom, utilities, and consumer durable. Stocks that were in focus include names like Elgi Equipments, which was up 7%, J.B Chemicals & Pharmaceuticals, which gained over 6% to hit a fresh 52-week high, and Delta Corp, which fell more than 23% on Wednesday. Key Points
Economic TimesSensex breaches historic 79,000-mark; Nifty hits new record peak
Mumbai, Jun 27 (PTI) Benchmark indices rebounded after falling in early trade on Thursday, with the Sensex breaching the historic 79,000-mark for the first time and the Nifty hitting its fresh record high, amid buying in blue-chip stocks. The 30-share BSE Sensex jumped 339.51 points to hit its new lifetime peak of 79,013.76 after falling […] Key Points
ThePrint
Gold hits a new record, best month in over 3 years
Though MCX remained closed on account of Good Friday, prices of 24k gold were quoting above Rs 70,000 per 10gm (including import duty & GST) in the local market. With the yellow metal closing at an all-time high of $2,233, Indian Bullion and Jewellers Association national secretary Surendra Mehta said it may well open $30-40 higher on Monday. Key Points
Economic TimesIndia looks elsewhere for oil as US sanctions crimp Russia trade
India's oil trade with Russia is being impacted by the tightening of US sanctions, prompting refiners to explore alternative supplies. While Russia remains the dominant supplier, Indian refiners are increasingly buying more from Saudi Arabia. Refiners are eager to increase purchases of Russian oil, but require US approval to do so. Key Points
Economic TimesIs it time to sell a Trent and buy a VIP? Is it time to flip? Here’s what Sandip Sabharwal has to say
Sandip Sabharwal has been buying Bata shoes and stocks. He believes that the volume growth in footwear will bounce back. He also bought VIP stocks and thinks that the luxury segment will continue to grow. Sandip mentions that companies in the power supply chain like transformers, transmission, storage, and metering will perform well. Key Points
Economic TimesIndian shares set to open higher on US rate hopes, lower oil prices
Indian shares are set to open higher on Friday and extend gains to a third consecutive week, helped by hopes of the U.S. Federal Reserve ending rate hikes and lower crude oil prices. Key Points
ReutersFor risk takers; 5 midcap and small stocks from different sectors with right levels of RoE and upside pote
Friday’s up move in nifty might make some think that correction is over, but if one looks at the intra day move, the fall from high of the day, where nifty lost half of its gains indicates that possibility of bulls might still face obstacles. In such conditions, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Probably, rejigging the portfolio would be a better option. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic Times
State Bank of India may have attracted top distressed asset buyers' interest for its bad loans
Global and local distressed asset investors are considering buying some of State Bank of India's bad loans. The bank has identified 331 non-performing assets with a total value of $11.6 billion. The move comes as Indian lenders have increased efforts to identify and sell distressed assets following transparency and efficiency reforms. SBI had put up 150 distressed assets worth $5.3 billion for sale in the previous financial year. Key Points
Economic TimesBreakout Stocks: How NMDC Steel, Data Patterns and Apar Industries are looking on charts for Tuesday’s tra
On Monday, the S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19400 levels. Sectorally, buying was seen in utilities, power, metal, and capital goods sectors. Key Points
Economic TimesSoaring High! 132 BSE500 stocks hit 52-week highs in May. Do you own any?
The positive momentum in the country's markets helped their case. Some big names on the list include IndusInd Bank, Hindustan Aeronautics, Titan, Ultratech, Kotak Mahindra Bank, and Indian Oil Corp. In contrast to the three consecutive months of decline beginning in January, the S&P BSE Sensex index gained approximately 2% in May 2023, helped by consistent FII buying despite mixed global cues. Key Points
Economic TimesMarket Trading Guide: Maruti Suzuki, Infosys futures are 2 stock recommendations for Tuesday
Benchmark equity indices in India rose for the second consecutive session, driven by strong performances from index heavyweight Reliance Industries and IT stocks. The 30-share BSE Sensex rose 234 points to settle at 61,963.68, while the Nifty surpassed the 18,300 level. Despite strong market gains, caution is advised around the important retracement resistance zone. Experts recommend buying Maruti Suzuki Futures and Infosys Futures, due to bullish indications and patterns on daily and 4-hourly time frames. Key Points
Economic TimesSingapore hikes property tax, doubling rates on foreigners: What it means
Singapore Property Tax: For foreigners buying any home, the tax rate doubled to 60% from 30%. Shares of Singapore developers fell. | World News Key Points
Hindustan Times
FIIs make big bang buying of nearly ₹12,771 cr in 1 day; large deals in Adani stocks
As per NSE data, FIIs buying value was at ₹20,596.11 crore, while they sold ₹7,825.30 crore --- registering an inflow of a breath-taking ₹12,770.81 crore in Indian equities on Thursday..Adani Group's flagship company Adani Enterprises along with Adani Transmission, Adani Green Energy, and Adani Ports have witnessed massive bulk deals. Key Points
mintBuy HDFC Bank, sell Paytm: Mutual fund's investing funda in February
Fund houses that picked more HDFC Bank shares in Feb were HDFC MF, DSP Mutual Fund, Franklin Templeton, and ICICI Prudential. A similar trend was seen in January as well when fund managers bought shares of HDFC Bank worth Rs 13,849 crore to take advantage of the dip in share prices following the disappointment in Q3 results. Key Points
Economic TimesFor investors with moderate risk appetite? 5 midcap stocks with right RoE and upside potential of up to 44
In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in euphoria. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. This is specially required if one is taking exposure to the companies in the mid-cap space as these stocks are prone to more price damage when there is a correction. Key Points
Economic TimesSmallcap stock screener: FIIs, mutual funds consistently buying these 9 counters
The trend of smallcaps and midcaps outperforming largecaps continues into the new year. A screener reveals 9 smallcap stocks with consistent buying from mutual funds and FIIs in the last four quarters of 2023. Notably, Electronics Mart India, Ion Exchange (India), Bharat Bijlee, Prism Johnson, Procter & Gamble Health, Five-Star Business Finance, Carborundum Universal, BASF India, and Hindware Home Innovation have all seen increased institutional investor interest. These stocks have shown significant growth over the past year and are expected to benefit from various factors, including strong demand and industry tailwinds. Key Points
Economic TimesFor a long term investor with moderate risk appetite: 6 midcap stocks with right RoE and upside potential
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons and specially at a time when valuations are not cheap and small corrections can lead to strong negative reaction in stock prices. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case. Key Points
Economic Times
Rajesh Palviya shares 3 stocks to buy next week
The broader market is showing a different picture as Nifty is in corrective move. And we still feel that midcap, smallcap space is going to further rise higher. And we are seeing that stock-specific action is taking place in the market on the buying side. So, sentiment is on the bullish side. Some corrective move could be there for the index but stock-specific action is likely to continue. Key Points
Economic TimesFPI buying nosedives 94% week-on-week; are dollars taking a “U” turn on Dalal Street?
Foreign portfolio investors' (FPIs) buying spree in Indian equities appears to be losing steam, with net investments of just Rs 468 crore in domestic markets last week, compared to Rs 7,804 crore in the preceding week. The benchmarks Sensex and Nifty 50 witnessed their first weekly loss in five weeks as investors took partial profits. However, inflows from FPIs were positive for the fourth consecutive month, with over $4bn invested in July, lower than June's over $6bn inflows. Key Points
Economic TimesNifty Bank hits record high, Sensex eyeing uncharted territory. Should you go with the flow?
Nifty Bank soared to a new record high on Monday, crossing the 44,400 level, due to non-stop buying by foreign institutional investors and optimism surrounding the US debt ceiling deal. The banking index has rallied around 400 points, while Nifty50 and Sensex are approaching their previous peaks. HDFC twins were the biggest contributors to the upside in both Sensex and Nifty, and all 12 counters in the banking index were in the green. Analysts warn against the urge to buy on the higher side, with valuations difficult to justify at higher market levels and the possibility of selling pressure. Key Points
Economic TimesConscious consumerism- the need of the hour
Empathy is the need of the hour. Every practice that eventually affects the ecosystem needs to be assessed with a critical approach. Key Points
FinancialexpressTechnical Breakout Stocks: How to trade NBCC, Bajaj Auto and Indian Bank on Monday
NBCC is continuously moving in an uptrend. It has given a breakout from an important resistance with a big bullish green candle. If the stock manages to close above Rs 119 then our Target 1 will be Rs 134.60, and Target 2 will be Rs 154. The stock is experiencing a good buying volume from that trendline breakout even though it has even crossed 50-MA in the volumes chart. Key Points
Economic Times
Renting vs buying home: Check what suits you better
Buying a house and renting have specific benefits and drawbacks. Is purchasing a home preferable to renting one? Let's find out. Key Points
India TodayStocks to buy: HAL, M&M, RIL among six stocks to buy for the short term
The market is witnessing positive momentum however, the short term outlook remains hazy. Analysts recommend following a stock-specific approach in this market. Based on the recommendations of several analysts, here are six stocks that look attractive on technical charts. Take a look. Key Points
mintFPIs invest ₹8,767 cr in equities in April so far, IT stocks may face selling after TCS, Infosys Q4 results.
As per NSDL data, FPIs invested ₹8,767 crore in Indian equities so far in April month. On the other hand, they are net sellers in the debt market with an outflow of ₹1,025 crore, while removing ₹200 crore and ₹193 crore from debt-VRR and hybrid instruments. Key Points
mintShould you rent or buy a house when home loan rates are rising?
Both buying and renting a house have their pros and cons. Take a look at them before making a decision. Key Points
FinancialexpressMarkets rebound in early trade on rally in global equities, foreign fund inflows
Buying in IT stocks also adds to the positive trend in equities. Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets... Key Points
The Tribune India
Sensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India TodayStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41%
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFPIs lap up Indian equities worth Rs 35,000 crore in March
Foreign portfolio investors were net buyers in March, with equity purchases worth Rs 35,098 crore, showing improvement from previous months. Strong buying trends were seen in various sectors. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Lakshmi Machine Works, ABB India and Bajaj Auto on Thursday
Sensex jumps over 500 points today. Capital goods, consumer durables, realty, and power stocks saw buying action while public sector, IT, metal and FMCG stocks saw selling pressure. Key Points
Economic TimesET Awards 2023: India’s best no longer feel compelled to look beyond our borders, says Satyan Gajwani
Satyan Gajwani, vice chairman, Times Internet, spoke about the remarkable growth of Indias stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them. He highlighted Indias burgeoning startup ecosystem, which has persuaded talent to stay in the country. “And most of all, the best and brightest of India no longer feel compelled to look beyond our borders for professional growth, seeing the potential to make a real impact here at home.” Key Points
Economic Times
Hemang Jani on 3 Adani group stocks that could be great election plays
Hemang Jani says there is no need to react in a knee-jerk manner. The correction is providing a great opportunity. advises The market correction presents opportunity for balanced investment in largecaps, midcaps, and smallcaps. Adani, Ambuja, ACC, IDFC First, PSU banks, BEML, Max Health, Apollo Hospitals, Lemon Tree, Indian Hotels are good buys. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Olectra Greentech, Birla Corp and JK Lakshmi Cement on Monday?
Indian markets pared losses from the previous sessions and closed higher on Friday. The S&P BSE Sensex rose 167 points while the Nifty50 closed above 21,700 levels. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks from different sectors with the right financial matrix
In a market in which stocks of companies undergoing bankruptcy are quoting at half billion market cap, finding stocks which have value is probably not something which is an easy thing. It is time when the choice has to be made between fairly priced or overpriced. Given the sentiments, investors are more prone to buying stock first and then looking at what is the business of the company, that too is done by very few. It is exactly the time and sentiment when it becomes extremely important to go back to the basic principle of investing. Put more checks and balances before you buy the stock and the reason for buying that stock at that point of time. So as you stay bullish, be selective. Key Points
Economic TimesTechnical Breakout Stocks: How to trade EIH, YES Bank & Adani Green on Thursday
Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Borosil Renewables, Lemon Tree Hotels and Cipla on Wednesday
Sectorally, selling was seen in realty, public sector, metal, oil & gas, and energy space while some buying was seen in healthcare. Sharp selloff was also seen in the small & midcap spaces, which plunged nearly 3% each. Key Points
Economic Times
Breakout above 21,600 could take Nifty to 22,000-22,200
Nifty has rallied from 18,850 to 21,593 in the last two months. After this 2,700-point rally, the index closed with a indecisive candlestick last week. FII index longs have reached 65.5% level, which is near the upper range. Nifty is likely to trade volatile in the 20,950-21,600 range in the coming weeks. Key Points
Economic Times