Fri, Feb 9, 2024 2:00 PM
Excl: I-T Dept. alleges evasion by insurers, likely to send Rs 25,000 cr.
A Flip by Avya Verma
By Ravi Singh (Religare Broking):The benchmark indices are currently on the neutral to negative side, with no fresh positions recommended unless the Nifty trades above the 24,450 mark. Sustained positive market momentum is likely only if the Nifty manages to close above 24,450. As of now, the highest OI on Nifty November monthly options is concentrated at the 24,000 PE and 25,000 CE strikes.
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With the 2024 US presidential election underway, global markets are on edge, awaiting the outcome of the fierce competition between Kamala Harris and Donald Trump. Each candidate’s distinct vision will potentially impact various sectors, including energy, technology, and defense, particularly in emerging markets like India.
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The All India Consumer Products Distributors Federation raises concerns over FMCG companies using e-commerce platforms to sell near-expiry and slow-moving products, threatening small retailers and consumer safety, and urges the Ministry of Consumer Affairs to implement regulatory frameworks and labeling mandates.
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