Ahead of Market: 10 things that will decide stock action on Monday
Activities in the Indian services sector eased in January but continued to remain above its long run average. Nifty managed to close above the resistance of 17760 and in the process registered a weekly gain of 1.42%. Now the Nifty could test the 17972-18063 band in the near term while 17542 could now act as a support," Deepak Jasani, Head of Retail Research, HDFC Securities, said.
FPIs register steepest outflow in 7 months at Rs 28,852 cr in Jan
According to the data, FPIs withdrew a net sum of Rs 28,852 crore from equities in January. This was also the biggest monthly withdrawal by FPIs since June 2022, when they had pulled out Rs 50,203 crore from equities.
ETMarkets Trade Talk: How IIT, IIM grad from Jaipur made Rs 25 crore from options trading
The son of a road contractor soon realised that his 'Khatron ke khiladi' type nature and quantitative aptitude could be a perfect match to the high risk world of options trading. The Nifty Bank options seller now claims to have doubled money every year since 2017, taking his capital above Rs 25 crore