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Rajesh Palviya, Head of Research, Axis Direct The Nifty 50 staged a strong comeback on Wednesday, advancing 197.55 points (0.83%) to close at 24,021.65, reclaiming the crucial 24,000 mark after Tuesday’s sharp decline. The recovery was broad-based, led by banking, financials and IT stocks, as a sharp decline in crude oil prices improved the macro…
Riya Sehgal, Research Analyst, Delta Exchange Bitcoin is trading near $62,100 after defending the $60,000-$61,000 demand zone, while Ethereum is stabilising around $1,640 after a sharp drawdown. The recovery in both assets remains tentative. BTC is still trading close to its 20 EMA but below the 50, 100 and 200 EMA on the 4-hour chart,…
Riya Sehgal, Research Analyst, Delta Exchange Bitcoin’s fall below $70,000 and then toward the $66,000 zone has triggered panic across leveraged positions, with nearly $1.5 billion in liquidations since Monday adding fuel to the move. On-chain data showing heavy loss realization by recent Bitcoin buyers, along with rising exchange inflows from retail and mid-sized investors,…
Rajesh Palviya, Head of Research, Axis Direct The Nifty 50 closed Tuesday’s session at 23,913.70, declining 118 points as the index slipped below the key 24,000 mark amid healthy profit-booking following the previous session’s sharp rally. Despite the corrective move, the broader undertone remains constructive as global risk sentiment continues to improve. Overnight, US markets…
Gaurav Garg, Research Analyst Lemonn Markets Desk The Indian stock market ended on a positive note today, with the Nifty 50 closing at 24340.95, up 33.04 points or 0.14%. The session was characterized by a Rising wedge pattern as the index opened at 23362.4, reached a high of 23582.95, and touched a low of 23262.55….
Nitin Agrawal, CEO, Mutual Funds, InCred Money on the AMFI Data Equity-oriented open-ended schemes attracted net inflows of Rs 38,440 crore in April, a bullish signal for equity markets at a time of geopolitical uncertainty. Flexi Cap retains its dominant position with net inflows of Rs 10,147 crore, the highest among all equity categories by…
THE THESIS With Brent whipsawing above $100 on Strait of Hormuz attacks before easing to ~$98, US indices red on Iran uncertainty, and India VIX cooling but still elevated, the conviction tilt is unambiguously defensive-quality. The book is leaning into FMCG with pricing power and large-cap industrial compounders – not chasing risk-on cyclicals into a…
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The Thesis InvestorAi is betting on India’s metals and infrastructure cycle. Three of seven conviction picks are steel and aluminium – a directional bet on domestic capex acceleration as VIX drops below 19 and US-Iran ceasefire expectations ease geopolitical risk. Brent near $97 keeps steel margins firm while falling volatility invites cyclical re-rating. Where We’re…