Given the decisive breakout of the consolidation range with the market hitting a new historic high at the start of the March F&O series, bulls took control over Bears and Dalal Street. Hence, experts expect the Nifty 50 to climb towards the 22,500-22,600 zone in the coming session, with immediate support at 22,200, followed by key support at the 22,000 mark.
Open FlipBy Rajesh Bhosale, technical analyst at Angel One The market rallied significantly on March 1, with the Nifty surging more than 1.60 percent to break out of the recent consolidation range and closing at a fresh new high above 22,300. Throughout the latter half of February, prices fluctuated within a range of 21,850 to 22,250.
Open FlipMumbai: Multinational Conagra Brands' sale of a 51.8% stake in Agro Tech Foods at a 48% discount to the market price and the subsequent mandatory open offer at a 43% discount to Thursday's closing price have raised eyebrows on Dalal Street. Market participants were surprised by this move, likening the decision to suggest that certain midcap stocks are either significantly overvalued.
Open FlipBuying or selling when the market is at the top or hits the bottom is scary and requires confidence. When we are buying at the top we need that extra bit of confidence that the rally is not done. To improve the confidence, we can make sure that we are not following hollow price moves. One data point in futures segment that helps is open Interest (OI).
Open FlipZee Entertainment Enterprises is under the F&O trade ban on Saturday. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Individuals trading in indexes do not encounter a situation of security ban.
Open FlipThe Internet and Mobile Association of India (IAMAI) has urged tech giant Google to refrain from removing apps from its Google Play Store in the ongoing dispute over billing policies. This comes after Google issued warnings of delisting apps that do not comply with its Play Store billing rules, according to a report by PTI.IAMAI, which represents over 580 Indian companies including startups.
Open FlipThe Indian stock market indices, Sensex and Nifty 50, are expected to open higher on Saturday tracking positive global market cues from Wall Street.The Indian equity market will remain open on Saturday, March 2, as the stock exchanges will conduct a special live trading session in the equity and derivatives segments through their disaster recovery site.
Open FlipThe National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are holding a special live trading session on March 2 to assess the preparedness of their disaster recovery systems. Markets are usually closed on Saturdays. A day earlier, the benchmark indices ended the session on record highs, with the Nifty surging more than 1.6 percent to close at 22,339.
Open FlipBenchmark indices hit record highs on Friday, logging third straight weekly gains, as faster-than-expected economic growth boosted demand amid signals the rally will sustain.Stocks that were in focus include names like JSW Steel, which rose 4.31%, Tata Investment, which jumped 5%, and Tata Chemicals, whose shares increased 3.07% on Friday.
Open FlipGold rate today: On account of easing US inflation data igniting the US Fed rate cut buzz, gold prices witnessed strong upside movement in the week gone by. The yellow metal gained on second week in a row as the potential rate cut buzz in the upcoming US Fed meeting triggered profit-booking in the currency market, which led to ease in the US dollar rate.
Open FlipReal estate credit fund Nisus Finance, along with its sponsor and strategic partner BCD Group, has invested over Rs 105 crore in Shapoorji Pallonji Real Estate’s wholly owned subsidiary Suvita Real Estate through senior secured listed non-convertible debentures (NCD).The investment has been made towards a land parcel of 12.16 acres in Manjari-Budruk locality of Pune.
Open FlipNvidia's stock market value closed above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street's AI-fueled rally. Nvidia's stock added 4% after Dell, which sells high-end servers made with Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.
Open FlipShares of Super Micro Computer rallied 13.5% in extended trade on Friday after it was announced the seller of AI-optimized servers will join the S&P 500. Super Micro and Deckers Outdoor Corp will be added to the S&P 500 prior to the start of trading on Monday, March 18, coinciding with a quarterly rebalance of Wall Street's most widely followed stock benchmark, S&P Dow Jones Indices.
Open Flip📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 140.54 points or 0.19% at 73,885.89 and the Nifty was up 56.60 points or 0.25% at 22,395.35. 📢ZEE Entertain (⬆️2.61%), Hero Motorcorp (⬆️1.59%) and Aurobindo Pharma (⬆️1.42%) appeared as the top performers on the Nifty50 at open. Metropolis, Info Edge, and Glenmark stocks are in focus.
Open FlipSpecial Trading Session Share Market News Today | Sensex, Nifty, Share Prices LIVE: GIFT Nifty traded higher, up 60.50 points or 0.27% at 22,511.00, indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Saturday. Asian equity indices closed on a positive note. Japan’s Nikkei 225 was up 1.9% at 39,910.82. Similarly, the Asia Dow was up 0.89% to 3,279.58.
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