Market Bizzz

The highest Call open interest (OI) is at the 25,000 strike, with significant interest also at the 25,500 strike. For Put options, the maximum OI is at the 24,500 strike, followed by the 24,600 strike. Minor Call writing is noted at the 24,800 and 24,900 strikes, while Put writing is observed at the 24,700 and 24,600 strikes.

IRFC and other companies set August 22 as the record date for dividends, making today the final day for shareholders to qualify. IRFC declared a final dividend of Rs 0.70 per share and earlier offered an interim dividend for a total of Rs 1.50 per share for FY 2023-24.

So, in any case we are not invested in any of these stocks and in fact we do not advocate also getting into these stocks even after 20% correction because we believe that they are valued much ahead of the time. They are all good companies, they will keep performing but you have already paid them for next four-five years of performance.

Chakri Lokapriya from RSB LLP discussed the promising outlook for Indian IT firms, citing favorable US market conditions. He highlighted TCS, HCL Technologies, and Infosys, and mentioned a shift from traditional sectors to new-age companies like Ola and Paytm. He also touched on the impact of the US Fed’s potential actions on Indian markets.

A bull call spread is an options trading strategy that involves two call options. It is employed when a trader anticipates a moderate increase in the price of the underlying asset. The strategy consists of buying a call option at a lower strike price and selling another call option at a higher strike price, both with the same expiration date.

In an interview with ETMarkets, Cheruvu said: “The timeless principles of buy and hold and the remarkable potential of compounding interest deserve our unwavering commitment, making it all the more important to embrace new investments with a focus on long-term wealth accumulation” Edited excerpts:

Andrew Holland says: “The market just came back to its senses, saying that, listen, there is nothing wrong with the economy. But the next phase is what is the Fed going to do because those worries will linger there. We have to see at least a 25 basis rate cut in September if not more but with the hints that there is going to be more throughout the year.”

The Sensex and Nifty saw substantial gains as US recession concerns eased, driving a global stocks rally. Pravesh Gour from Swastika Investmart recommended strategies for stocks like CDSL, Hindustan Zinc, and Paras Defence based on their recent performances and technical indicators. Specific resistance and support levels were also identified for these stocks.

Neeraj Seth from BlackRock believes the US is experiencing a gradual economic slowdown, with expected rate cuts possibly benefiting selective Asian markets. He remains positive on India’s growth, highlighting strong corporate balance sheets and potential for future capex to drive earnings. He anticipates the RBI may start rate cuts by the end of the year.