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July expiry, volatility and new lifetime highs in the week ahead

July expiry, volatility and new lifetime highs in the week ahead
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Avoid aggressive buys in richly-valued companies like Zomato: Analysts

Avoid aggressive buys in richly-valued companies like Zomato: Analysts SECTIONS Share Synopsis While the stock could extend the opening day gains in the coming days, thanks to appetite from institutional investors, higher valuations make it vulnerable to a sharp sell-off, they said. Reuters Analysts said Zomato is popular among investors in the absence of similar listed options in the domestic new-age business space. Related NSE Mumbai: Investors must hold back from making aggressive purchases in shares of Zomato as the company is richly valued after its strong listing on Friday, said analysts. While the stock could extend the opening day gains in the coming days, thanks to appetite from institutional investors, higher valuations make it vulnerable to a sharp sell-off, they said.

Markets to see volatile movements on account of midweek holiday

Markets to see volatile movements on account of midweek holiday ​ Sun, Jul 18 2021 13:51 IST | ​ 13 Views Bombay Stock Exchange (BSE). (File Photo: IANS). Image Source: IANS News Markets had a decent outing in the week gone by and they gained on three of the five trading days. The remaining two trading days were flat with virtually insignificant movement. BSESENSEX gained 753.87 points or 1.44 per cent to close at 53,140.06 points while NIFTY gained 233.60 points or 1.49 per cent to close at 15,923.40 points. The broader indices like the BSE100, BSE200 and BSE500 saw gains of 1.35 per cent, 1.41 per cent and 1.51 per cent respectively. BSEMIDCAP gained 1.39 per cent while BSESMALLCAP was up 2.27 per cent. The benchmark indices made new lifetime intraday highs of 53,290.81 points and 15,962.25 points on Friday while closing highs were made on Thursday at 53,158.85 points and 15,962.25 points respectively. Clearly market momentum has picked up while the only thing missing

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