Midcap stocks drop 10% from highs, head for correction as growth outlook sours
A blistering rally in mid-cap stocks is on course to enter correction territory, as investors become increasingly concerned over slowing earnings growth and elevated valuations. The Nifty Midcap 100 tumbled as much as 2.9% Friday, extending its drop from recent high to more than 10% — the parameter for a so-called technical correction. Heavy selling…
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Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%,…
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Stocks to buy today: Cummins India, NTPC among top trading ideas for September 18, 2024
On the options front, the maximum Call open interest (OI) is at the 26,000 strike, followed by the 25,400 strike. Meanwhile, the maximum Put OI is at the 25,000 strike, followed by the 25,400 strike. Call writing is observed at the 26,000 and 25,500 strikes, while Put writing is seen at the 25,400 and 25,300…
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