Any stock's F&O contracts enter the ban period when the open interest (OI) on it crosses 95% of the market-wide position limits or MWPL. The ban is lifted only if the open interest falls below 80%.
Delhi experienced a severe heat wave with temperatures reaching 45.2 degrees Celsius. Relief is forecast from June 19. Heat index in Delhi surged to 50 degrees Celsius, posing a risk of heat illness for vulnerable populations. he heatwave is predicted to persist across North India for two more days but will gradually ease.
A Secret Service agent was robbed at gunpoint in Tustin, California, during President Joe Biden's visit to Los Angeles for a fundraiser. The agent was returning from work when accosted, with his bag stolen but no injuries reported. The agent fired his gun, and while it's unclear if anyone was shot, authorities are investigating. Some stolen items were found nearby, and a silver Infiniti FX35 was seen leaving the scene. The incident occurred on June 15, shortly after 9:30 pm, and the investigation is ongoing.
Fitch Ratings on Tuesday raised India's growth forecast to 7.2 per cent for FY25. Meanwhile, the global growth forecast has been revised downwards.
Investors want to participate in the India story, and they believe that the fund managers of Mutual fund AMC can help them and that is the reason the flow have risen, and it has been an ongoing process.
While the incumbent government securing its third term bodes well for market stability, it does juxtapose them with some dependency on allies for imperative policy decisions.
The portfolio was up 1.7% in May compared to 0.8% for the benchmark BSE 500 total return index. Because many portfolio companies reported their fourth quarter (and full year) results last month, the performance was partly driven by positive earnings surprises
5 stocks in the Nifty500 pack signaled bullish momentum as their closing prices crossed above the 200-day DMA on June 14, as per stockedge.com's technical scan data. Check out the details:
Japan's Nikkei share average gained 1% on Tuesday, rebounding from a sharp loss. The broader Topix also rose. Uncertainties about the Bank of Japan's policy path are impacting investor sentiment.
