Traders who are reluctant to do business in cash are blacklisted by a cabal of brokers, and their access to prop trading terminals is cut off.
In today's edition of Newspresso here's what you can look forward to. From global news updates; a 6.8-magnitude earthquake hit Morocco on Friday. Many residents in Morocco's historic city of Marrakesh have been left homeless after a powerful earthquake. Moving on to India Insights big news coming in from G20 Summit where PM Modi unveiled a connectivity corridor for economic integration between India, the Middle East and Europe. And moving on to the trends sector Djokovic won the US Open title. This is his fourth US Open title and 24th Grand Slam title. For more watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S. stocks ended the previous session with mild gains.
Sensex Today | Stock Market LIVE Updates: The S&P 500 closed slightly higher on Friday but well below its session high and all three of Wall Street's major averages posted weekly declines as investors worried about interest rates and waited anxiously for upcoming U.S. inflation readings.
Stocks to watch: Check out the companies making headlines before the opening bell, on September 11, 2023.
Foreign institutional investors (FII) sold shares worth Rs 224.22 crore, while domestic institutional investors (DII) bought Rs 1,150.15 crore worth of stocks on September 8, provisional data from the National Stock Exchange (NSE) showed.
If there is better visibility of growth in US, then IT spending by companies should pick up, which should augur well for IT sector, says Hemant Kanawala.
USDINR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise.
Sobha has seen a decisive breakout of falling resistance trendline adjoining highs of July 26 and September 5, with strong bullish candlestick pattern on the daily charts. The stock rallied nearly 11 percent to Rs 682 and formed significantly higher volumes.
IOC shows a bullish engulfing pattern on the weekly time frame
W pattern breakout indicates up move in Tata Motors
Ashish Kyal expects consolidation or minor retracement in midcap, smallcap indices, but it will be an opportunity to enter into the stocks that have shown leadership role during the rise.
RSI is losing momentum and the price could not surpass its upper Bollinger band indicating a bearish view in Jeera
Asian Paints is expected to remain sideways within our range. An Iron Condor trade to capitalise.
Equitas Bank has consolidated and is turning back up
Brent crude fell 49 cents, or 0.5%, to $90.16 a barrel by 0022 GMT while U.S. West Texas Intermediate crude was at $86.77 a barrel, down 74 cents, or 0.9%.
The undertone seems upbeat with ‘buy on dip’ being the most suitable approach.
Yatra Online IPO | The public issue will be closing on September 20, while the anchor book will be opened for a day on September 14.
Traders may remain cautious ahead of critical data releases from China, while simultaneously hoping for more stimulus measures in light of consistently weak data releases and widespread losses among domestic property developers
Experts expect the Nifty at 20,000 in the coming sessions if it holds on to 19,700-19,600 but they don’t rule out some consolidation before that
Analysts expect the listing price to be around Rs 500.
Analysts say the company’s niche products, which are widely used globally, a high-margin portfolio and investor-friendly IPO pricing leave room for strong listing gains
The fund raising via six upcoming IPOs would be little more than Rs 4,000 crore.
On September 8, a freak trade in Sensex call options of 67,000 strike sent the premium shooting from Rs 4.30 to Rs 209 and then falling back to Rs 5 within seconds
Public sector insurers saw their premium income fall by 1 percent to Rs 34,203 crore during the first five months of the current fiscal. As a result, their market share plunged to less than a third at 32.5 percent from 33.4 percent, while premium income slipped from Rs 37,100 crore to Rs 34,203 crore.