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As investors look forward to the new samvat, many of the same issues will continue to plague global markets including surging inflation, a slowing global economy and heightened geopolitical uncertainties
There were other bulk deals in the counter by Bonanza Commodity Brokers, and in another transaction as many as 2,100,000 equity shares of Punjab Alkalies were sold by Paramone Concepts at an average traded price of Rs 79.18/share.
The deal was executed at an average traded price of Rs 232.30 per share, at a marginal discount compared to the previous day’s closing price of Rs 233.85
Among sectors, the Nifty PSU Bank index added 3.5 percent and the auto index 1 percent. FMCG and energy indices were down a percent each
U.S.-listed shares of Chinese companies slumped on Monday after President Xi’s new leadership team sparked investor concerns that ideology-driven policies would be prioritised at the cost of private sector growth.
Some of the important results to be announced this week are of CG Consumer, Gland Pharma, IIFL Finance, Balaji Amines, Indus Towers, CE Info Systems, PNB Housing, SBI Card, Tata Chemicals, Apex Frozen, Bandhan Bank, Blue Dart, MRPL, Maruti Suzuki, NIIT and Vedanta among others.
Asked around what level of sustained inflation the Fed should consider pausing – currently running above 8% according to the consumer price index (CPI) – the median from 22 respondents said 4.4%, according to that measure. The Fed targets the personal consumption expenditures (PCE) index, but the survey suggests roughly half the current rate of inflation ought to be a turning point. PCE inflation was forecast above target until 2025 at least.
As investors look forward to the new samvat, many of the same issues will continue to plague global markets including surging inflation, a slowing global economy and heightened geopolitical uncertainties
In coming days, 500 points of range-bound sessions cannot be ruled out, we feel trader can go for short Strangle where profit will be made within the range of 17,250 to 17,850. However, one needs to be careful on both sides also, as the strategy will start making losses if Nifty moves above or below the given range.