Sebi eases norms to encourage listing of start-ups
Laxmi Organic shares end 26% higher on listing day
Shaktikanta Das says RBI has major cryptocurrency concerns
LS adjourned sine die; Budget session ends
Parliament passes bill to set up Infra bank
FPIs, PEs face risk of increased I-T department action
Let us take a quick glance at what happened on the Dalal Street today.
The F&O expiry day lived up to the expectations this time, emanating huge volatility, especially in the later part of the session. Nifty50 settled the March F&O series at 14,325, down 2.2 per cent. Sensex tumbled 740 points and settled below the 48,500 level. The index gyrated over 1,000 points during the trade.
Stocks were battered across the board, with just 760 stocks rising out of 3,100-odd stocks that traded for the day. Some 360 stocks hit lower circuit limits during the day including Adani Green, Adani Power, IFCI, JP Associates and Edelweiss Financial Services. While Laxmi Organic surged 27 per cent on debut, Craftsman ended 4 per cent lower on listing day.
We have Vinod Nair of Geojit Financial Services with us to share his views on the market.
Welcome to the show sir.
1) The market made a sharp recovery today, maybe due to F&O expiry. But do you find valuations reasonable after the recent fall and do we still have scope for further correction?
2) Among largecaps, which stocks do you think are attractively valued?
We also caught up with Rohit Singre of LKP Securities to decode the charts for you.
1) How would you read today’s volatile session for Nifty50?
2) What is your reading of Nifty Bank?
Asian markets settled mostly mixed; European markets were trading lower in the first few hours of trade. US stock futures were hinting at a positive start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!
