This signifies people holding a short position on a stock have decided to exit, and further, traders buy back shares that they initially took positions to short sell
“Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an emailed response to questions from Bloomberg News. “The price has since been corrected.”
Option data at the end of the day on May 3 suggests a number of hurdles for the index. At the same time support is also present as traders have not taken a definite view on it.
Motilal Oswal expects Nifty companies to post a solid 30 per cent earnings growth each, fueled by BFSI (Banking, Financial Services, and Insurance) and autos. Get more Companies News and Business News on Zee Business.