Trade setup for Thursday: Top 15 things you should know before Opening Bell

Traders are advised to stay light and cautious as the index could well swing in either direction.

The Nifty50, which started on a positive note, failed to keep the momentum going on Wednesday as D-Street got hit by fraud detected in Punjab National Bank, which weighed on the PSU Banking pack. The Nifty formed a bearish candle and a bearish engulfing pattern on the daily charts.

Punjab National Bank's share price slipped 9.8 percent to Rs 145.80 after the bank detected some fraudulent transactions worth Rs 11,300 crore in its Mumbai branch. Selling pressure extended in the last one hour of trading towards most of the PSU banks.

The Nifty closed below its short-term moving averages of 5-days exponential moving average (DEMA) and 50-DEMA. A break above 10,600 could turn the tables in favour of the bulls while a close below 10,398 could extend the selling pressure, which could take the index towards 200-DMA.

Traders are advised to stay light and cautious as the index could well swing in either direction. It witnessed a short covering rally on Monday but a sharp selloff on Wednesday could well put bears on the driving seat.

The Nifty50, which opened at 10,585, rose marginally to hit an intraday high of 10,590 but then bears took control and pushed the index below 10,500 to hit its intraday low of 10,456. It closed 38 points lower at 10,500 on Wednesday.

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Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

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Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

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Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

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Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

Best Stock Tips 

Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

Best Stock Tips 

Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

Best Stock Tips 

Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

Best Stock Tips 

Trade setup for Wednesday: Top 15 things you should know before Opening Bell

ACCORDING TO PIVOT CHARTS, THE KEY SUPPORT LEVEL IS PLACED AT 10,498.3, FOLLOWED BY 10,456.8. IF THE INDEX STARTS TO MOVE HIGHER, KEY RESISTANCE LEVELS TO WATCH OUT ARE 10,568.4 AND 10,597.

After a 3 percent drop in the previous week, bulls managed to regain control of D-Street on Monday with Nifty50 rising above 10,500. The index formed a small bullish candle on the daily candlestick charts which suggest that the rally could extend towards 10,700.

Investors are advised to stay cautious but technical indicators are suggesting that the pullback move could extend by another couple of trading sessions. The index closed below its key short-term moving averages such as 50-days exponential moving average (DEMA), and 5-DEMA.

The Nifty50 which opened at 10,518.20 rose to an intraday high of 10,555.50. It slipped marginally to hit an intraday low of 10,485.40 before closing 84 points higher at 10,539.75.

Albeit Nifty50 registered a small bullish candle it appears to be on a pullback mode after testing its 100-Days Moving average (DMA) in the preceding two trading sessions of last week.

Key Support & Resistance Level for Nifty:

The Nifty closed at 10,539.75 on Monday. According to Pivot charts, the key support level is placed at 10,498.3, followed by 10,456.8. If the index starts to move higher, key resistance levels to watch out are 10,568.4 and 10,597.

Nifty Bank:

The Nifty Bank closed at 25,701.60, up 0.93 percent. Important Pivot level, which will act as crucial support for the index, is placed at 25,538.73, followed by 25,375.87. On the upside, key resistance levels are placed at 25,811.13, followed by 25,920.67.

Call Options Data:

Indian Stock Tips Maximum call open interest (OI) of 56.96 lakh contracts stands at strike price 11,100, which will be a resistance for the February series, followed by 11,000, which now holds 52.85 lakh contracts in open interest, and 10,700, which has accumulated 38.63 lakh contracts in OI.

Call writing was seen at the strike price of 10,600, which saw the addition of 2.7 lakh contracts along with 10,7, which added 1.54 lakh contracts, along with 10,900, which saw the addition of 0.72 lakh contracts.

Call unwinding was seen at the strike of 10,400, which shed 2.89 lakh contracts and 10,500, which shed 2.57 lakh contracts.

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Avoid bottom fishing in this market; 5 stocks to buy which could give up to 14% return

The big support for the index is placed around 10,398 and a fall below could take the index towards 10,300-10,200 levels

The Nifty50 breached key support levels in the past five trading session and closed by about 3 percent lower for the week ended February 9 signaling a pause in the momentum which we saw in the beginning of the year 2018.

Apart from domestic factors such as rising crude oil prices, high valuations, concerns over higher fiscal deficit as well as the imposition of long-term capital gains tax (LTCG) of 10 percent weighed on sentiment — the larger part of the decline can be attributed to global markets.

Investors are advised to stay light and avoid bottom fishing at current levels. The market has turned from buy on dips market to sell on rallies. Hence, any bounce back should be used to create short positions, suggest experts.

The big support for the index is placed around 10,398 and a fall below could take the index towards 10,300-10,200 levels.

Indian Stock Tips

Market Live: Sensex gains 450 pts, oil at 1-month low; pharma stocks rally up to 6%

Torrent Power, Prestige Estates, ICRA and SRF gained 1-4 percent. Gati, Hexaware and Dixon Technologies were down 1-4 percent.

The benchmark BSE Sensex gained momentum in afternoon trade, rallying over 450 points on continued buying by domestic funds and recovery in the rupee amid higher Asian markets.

On the other hand, Brent crude futures tumbled to a six-week low of USD 65.16 per barrel. A fall in crude prices is seen as positive for Indian economy, which imports most of its oil requirements.

The 30-share barometer stayed in the green through the the session on all-round buying. It was trading at 34,543.80 by surging 461.09 points, or 1.35 percent.

The broader NSE Nifty also soared 134.70 points, or 1.29 percent, to quote at 10,611.40.

Brokers said buying by domestic institutional investors (DIIs) and a mixed trend at other Asian bourses improved the market sentiment.

The broader markets also saw strong buying with BSE small-cap and mid-cap indices rising up to 2.33 percent.

The gains were broad-based with most of the sectoral indices on the BSE trading in the green. Realty, IT, Banking, Auto and pharma stocks led the gains 

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What changed for the market while you were sleeping? 10 things you should know

A list of important headlines from across news agencies that could help in your trade today.

The Nifty witnessed a bloodbath on Friday as it plunged over 250 points and the S&P BSE Sensex witnessed a fall of over 800 points. After a 29 percent rally in the year 2017, the Nifty recorded its worst fall of the year 2018.

The Nifty closed at 10,760.6 on Friday. According to Pivot charts, the key support level is placed at 10,679.47, followed by 10,598.33. If the index starts to move higher, key resistance levels to watch out are 10,898.37 and 11,242.83.

The Nifty Bank closed at 27,220.7. Important Pivot level, which will act as crucial support for the index, is placed at 26,973.5, followed by 26,726.3. On the upside, key resistance levels are placed at 27,540.7, followed by 11,036.13.

Stay tuned to AceInvestmentAdvisory to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies.

US markets slump  as Dow sees worst day in two years

Worries about the impact of a tightening job market on the prospects for inflation and a surge in bond yields sent investors fleeing equities on Friday, with the Dow Jones Industrials Average swooning almost 666 points, for its biggest daily percentage loss in 20 months.

The Dow Jones Industrial Average fell 665.75 points, or 2.54 percent, to 25,520.96, the S&P 500 lost 59.85 points, or 2.12 percent, to 2,762.13 and the Nasdaq Composite dropped 144.92 points, or 1.96 percent, to 7,240.95, Reuters reported.

Asia markets trade lower; Nikkei down 2%

Asia markets fell in early trade on Monday, following a sharp decline in US stocks on Friday amid a stronger-than-expected jobs report that sent interest rates higher. The Nikkei 225 fell 2.06 percent in early trade, while the Topix index was down 1.71 percent. South Korea's Kospi index fell 1.66 percent, CNBC reported.

SGX Nifty

Trends on SGX Nifty indicate a negative opening for the broader index in India, a dip of 131 points or 1.24 percent. Nifty futures were trading around 10,587-level on the Singaporean Exchange.

Normal monsoon, steady crude prices can push India’s growth to over 8% in FY19: FM

The Indian economy’s growth can canter into an 8 percent-plus growth track if crude oil prices stay within manageable limits and the monsoon rains turn out to be normal this year, finance minister Arun Jaitley said.

“Some indicators, which are known as green shoots in the language of business, such as business confidence, PMI (purchase managers’ index), core (infrastructure) sector growth, are all good. We need to see what happens next,” Jaitley told News 18 Network in an exclusive interview.

RBI should refrain from hiking rates on Feb 7 policy: Assocham

The Reserve Bank should not "over-react" to high yield pressures in the bond market and refrain from hiking interest rates in its next monetary policy review on February 7, industry body Assocham said.

"Some of the macro indicators, including pegging of higher fiscal deficit of 3.3 percent for 2018-2019 and 3.5 percent of the GDP for the current fiscal, look difficult, but reaction of the bond market would ease out soon," Assocham said in a post-Budget paper.

FPI inflows at $3.5bn in Jan on better earnings expectation

Foreign investors have pumped in a whopping USD 3.5 billion (over Rs 22,000 crore) into the country's capital markets in January in anticipation of better corporate earnings and attractive yields.

According to depositories data, Foreign Portfolio Investors (FPIs) infused a net amount of Rs 13,781 crore in equities and Rs 8,473 crore in debt in January – translating into net inflows of Rs 22,254 crore (USD 3.5 billion).

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Indian Rupee crumbles to a two week low on fiscal deficit woes

Forex market sentiment turned highly volatile and reacted vehemently to some key Budget announcements triggering panic dollar buying by corporates and importers

The Indian rupee suffered an intense plunge and closed at a near two-week low of 64.06 against the US dollar after the government announced long-term capital gains (LTCG) tax on equities and widened its fiscal deficit target while unveiling the Union Budget.

Forex market sentiment turned highly volatile and reacted vehemently to some key Budget announcements triggering panic dollar buying by corporates and importers.

The home currency settled the week with a sharp 51 paise, or 0.80 percent.

AIMING TO BE THE TOP CRYPTO

AIMING TO BE THE TOP CRYPTO

Currently, there are over 1000 cryptocurrencies in the digital coin marketplace bidding to change every industry from fruits to finance. However, only a few coins have consistently been on top deserving to be named the world’s number one cryptocurrency.
Bitcoin dominated the scene at this same period last year with 85% share. However, the leading cryptocurrency’s market share is now at an all-time low of just 35%. Some coins are advancing and thus, competing for attention.
Here are the four contenders and their respective pros and cons for investor consideration, including latest prices as of 01-26-2018: Read More
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