Hedging against swings in Indian bank stocks suddenly looks cheap
Options traders are getting less skeptical about Indian banks after months of underperformance. The cost of hedging against volatility in the NSE Nifty Bank Index is near its lowest level since January relative to the broader NSE Nifty 50 Index, indicating less demand for protection. Meanwhile, the number of bearish options outstanding on the banking…
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FPI inflows in equities drop to Rs 7,320 crore in August due to higher valuations
Foreign investors have adopted a cautious stance and infused Rs 7,320 crore in the Indian equities in August owing to high valuation of stocks and the unwinding of the Yen carry trade after Bank of Japan raised interest rates. This investment was way lower than Rs 32,365 crore in July and Rs 26,565 crore in…
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15 stocks which may gain in forthcoming festive season as consumers loosen their purse strings.
Synopsis In another two weeks, Ganesh Chaturthi will kick off the official festive season 2024. A season in which some companies look forward to for one simple reason, they tend to see the highest sales in this period as consumers loosen their purse strings. Now why look at these stocks ahead of the festive season….
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Moderately valuedβ metal stocks shine on bourses
Metal stocks were among the top gainers in Monday’s trading session on perceived moderate valuations, and after New Delhi initiated an anti-dumping probe on Vietnamese hot-rolled coil (HRC) imports. The Nifty Metal Index gained 1.87% while the benchmark Nifty advanced 0.13% on Monday. National Aluminium surged 4.35% on Monday followed by Hindalco which gained 4%….
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Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
Synopsis While bulls were a confident lot after the election results, with every trading session they are once again moving to take control of every corner of the street. How the market reacted to the increase in capital gain taxes was the first indication and probably Friday’s session is another strong confirmation. There are good…
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Sensex falls 1,500 points intraday, closes flat; caution over valuations
India’s equity benchmarks ended flat on Tuesday following a roller-coaster session as investors took concerns over the increase in taxes on stock market transactions in their stride. The Nifty ended 0.12%, or 30.20 points, lower at 24,479. The Sensex declined 0.09%, or 73.04 points, to 80,429. Money managers said the undertone will remain cautious owing…
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