Sell in May go away' came true; 376 stocks in BSE 500 index fell up to 67%

Foreign institutional investors pulled out more than Rs 8,000 crore from equity markets, and over Rs 17,000 crore from the India debt market which kept the pressure on the rupee.    The age-old saying ‘sell in May and go away’, which in fact was more relevant for US markets came true...

Big brokerages bet on these 10 wealth creating ideas for 20-50% return in a year

One does not need 100 stocks to generate wealth but can achieve the same with a handful of stocks. Legendary investor Warren Buffett once said, “Wide diversification is only required when investors do not understand what they are doing." Hence, investor focus should be on a handful of stocks rather...

Bears likely to take control of Nifty on breach of 10,417; Hero, RIL, HCL Tech top buys

The best case scenario for June still remains sideways to negative based on long-term trend projections, and a breach of recent lows of 10,417 may extend the correction up to 10,320.     On the weekly and monthly charts, Nifty made an indecisive pattern ‘Spinning Top’ was witnessed...

FIIs create fresh shorts over $117 mn in index futures segment ahead of RBI meet

10,600 strikes saw highest incremental option addition in the last 15 sessions along with 10,500 Put strike indicating limited downsides from current levels. The Nifty staged a strong recovery in the May expiry week on the back of closure of short positions particularly backed by the banking...