Market Bizzz

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

These stocks’ 50-day SMA crossed below their 200-day SMAs on December 18.

The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity.

“Solid domestic consumption, an upswing in corporate capex and increased attractiveness among foreign investors mean that Indian stock indices will continue to do well in 2024. However, investors should be mindful of the risks as well. A prolonged recession in the developed world like the US and Eurozone could have negative consequences for India’s export-oriented sectors like IT, healthcare etc.”

The F&O 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%

“RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

“Do not get carried away by the momentum but participate. So, when did you see State Bank lead the market charge and so on? Also, it is evident that IT, which was the most downgraded sector, has been such a startling outperformer. So, the markets turn on a dime. You have to be invested.”

“The underlying US economy, despite some slowdown, continues to remain very strong, which is good for IT as a sector. Secondly, from whatever I read and my conversation with a lot of IT companies here and some global experts, people believe that with the evolution of artificial intelligence, the impact on IT industry and more broadly on the world as a whole will be as profound as it happened with internet way back in early 90s and mid-90s.”

​The IPO-bound NBFC-MFI has allocated a total of 98 lakh equity shares to anchor investors at Rs 291 apiece.The company, a part of the Muthoot Pappachan Group and promoted by Muthoot Fincorp, fixed a price band of Rs 277-291 per equity share for the IPO, which comprises a fresh issue amounting to Rs 760 crore and an OFS aggregating to Rs 200 crore.