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Rough play: GameStop hurts Sensex, Nifty - The Hindu BusinessLine


January 29, 2021
Foreign funds resort to heavy selling
The frenzy over Gamestop that has badly hurt the highly leveraged global hedge funds industry has now started hitting India’s stock markets too. Buckling under the pressure of foreign funds selling, the Sensex and Nifty closed with declines for the second consecutive week on Friday.
On Friday, Sensex fell by 1.26 percent or 588 points to close at 46,285. The Nifty index fell by 1.32 percent or 182 points at 13,634.
There was a sudden crash in Sensex and Nifty post 3 p.m. and the entire market fall came in just 5-7 minutes, traders said. In the cash segment alone, the foreign portfolio investors (FPIs) sold stocks worth nearly ₹6,000 crore on Friday. This was in addition to more than ₹6,800 crore worth of selling in the cash segment in Indian markets since January 25. ....

Rohit Srivastava , Nifty Call , ரோஹித் சிரிவாஸ்தவ , நிஃப்டி அழைப்பு ,

Nifty call: Sell on rallies with stop-loss at 14,150 levels - The Hindu BusinessLine


Nifty 50 January futures (14,086)
The Sensex and Nifty 50 commenced the session with a gap-down open, extending Monday s fall and continue to trend downwards on the back of selling interest. The US markets were flat in the last session and the Asian markets are mixed in today s session.
The Nikkei 225 is up by 0.3 per cent at 28,635, while the Hang Seng index is flat at 29,398 levels. The market breadth of the Nifty 50 is biased towards declines. The India VIX has climbed 0.9 per cent to 23.4 levels, implying an increase in volatility. The Nifty mid-cap has slumped 0.8 per cent, whereas the Nifty smallcap has advanced 0.3 per cent. The Nifty FMCG and media are the two sectoral indices trading in positive territory, gaining 0.35 per cent each. Top sectoral losers are Nifty PVT Bank and Bank Nifty that have tumbled 1.7 per cent and 1.6 per cent respectively. ....

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Nifty call: Go long on strong rally above 14,400 levels - The Hindu BusinessLine


Nifty 50 January futures (14,396)
The Sensex and Nifty 50 began the session with a gap-up open, taking positive cues from the Asian markets but turned volatile thereafter. The Nikkei 225 has climbed 0.67 per cent 28,822.3 and the Hang Seng index has advanced 2.15 per cent to 30,080 in today s sessions.
Both the Sensex and the Nifty 50 slipped into negative territory and turned choppy, wavering between positive and negative zone. Both the indices are trading almost flat. However, the market breath of the Nifty 50 is biased towards advances. The India VIX has jumped 4.7 per cent to 23.47 per cent.
Witnessing selling interest the Nifty mid and small-cap indices have fallen 0.2 per cent and 0.6 per cent respectively. The top sectoral gainers are Nifty pharma and Nifty Bank that have advanced 1.6 per cent and 1.05 per cent respectively. The Nifty IT sectoral index is the top loser that has slumped 0.6 per cent. ....

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