Technically, Nifty is making “higher-high higher-low” structure on all major time frames and not showing any major sign of slowing down. It is holding well above the 200% reciprocal retracement level of the previous fall from 12430 to 7511, which is placed at 17350.
Implied volatility or IV — a key aspect of options premium pricing — in Bank Nifty options has touched a two-month high as sellers of call options were forced to cover their positions. Analysts believe it will be more rewarding to bet on the Bank Nifty in the near future as many of the other sectors such as IT and consumer have already seen a run-up.
The outcome of the US Federal Reserve's monetary policy meeting will help determine whether the roaring bull run of Indian markets, which has led to stock benchmarks hitting new milestones, will continue unabated.
The report, which is based on a survey, said most of the respondents believed that the reason behind the high unemployment rate is the lack of employment opportunities available in the areas concerned.
“Every correction has been a buying opportunity and the market has continued to go up from there. It could partly be a relief, a breather going into the weekend.”
This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.
The announcement comes a day after France recalled its ambassadors to Washington and Canberra, unhappy over secret US-Australia negotiations that led to the cancellation of a multi-billion Australian order for French submarines.
The number of so-called "money mules" - people who receive illicit funds into their bank accounts to hold or withdraw and wire elsewhere, taking a commission for their services - increased, the bank said, with accounts in the majority of cases belonging to low income individuals from Africa and Asia.
The vote comes in the wake of an unprecedented crackdown on the opposition this year, with Russian authorities jailing Putin's best-known domestic foe Alexei Navalny and banning his organisations as "extremist".
Motilal Oswal Nasdaq 100, PGIM Global Equity Opportuities Fund, Edelweiss Greater China Offshore Fund and DSP World Energy Fund are among the top picks of investment advisors.
“While there is a bubble in stocks like Tesla and Netflix there are a lot of individual stock opportunities available and investors can build a portfolio of companies with good fundamentals and fair valuations,” says Vikas Gupta, Chief Investment Strategist, Omniscience Capital.
KCET result | Karnataka CET Result 2021 will be declared on kea.kar.nic.in at 4 pm today. Here's all you need to know
The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
Coronavirus LIVE updates: India's active Covid-19 cases are at 325,065. Delhi reported 29 Covid-19 cases and no fatality. Stay tuned for corona updates
Here are the top BS Opinion articles of the day
The power ministry recovered Rs 714 crore from Jharkhand last month
I-T dept to dispose of 35K cases by mth-end; Rs 10K-crore demand may be raised
Debt grew fastest for the urban households that sustain on self-employment
But they head smaller companies; rely more on senior management for feedback
JSW Coated and JSW Vallabh Tinplate, the wholly owned subsidiaries of JSW Steel, are increasing capacity from 350,000 tonnes to 620,000 tonnes