At the start of the May series, Telecom, Consumption, Energy, Realty, FMCG, and Banking sectors witnessed significant OI addition. FIIs’ long ratio has fallen to 40 percent in Index futures, implying a shift towards more hedged positions.
While the market has priced in a victory for the incumbent NDA, the focus will shift to the margin of victory as various phases of the elections conclude during the month
Mint’s analysis reveals a net decline in promoter pledges across sectors including energy, infrastructure, IT, pharmaceutical, and retail.Jindal Stainless, Jindal Steel, Adani Power, Vedanta, Suzlon Energy, and Tata Motors witnessed significant decreases in pledged holdings in FY24
F&O stocks to watch: Nuvama said ITC emerges as a low-beta long option within FMCG, while Hindustan Aeronautics and NMDC also appear well-positioned for potential gains of 5-8 per cent.