Muthoot Finance shares have seen increased buying interest in the May series, with the cumulative open interest in futures rising 0.53 percent. Options matrix hints at a good support base formation at 1,600 and 1,660 levels while long unwinding is witnessed in call writing positions at 1,700.Avani Bhatt, Senior Vice president of derivative research at JM Financial recommended taking a bull call ra...

Banking stocks HDFC Bank, ICICI Bank, State Bank of India (SBI), and Punjab National Bank, among others, have slipped as much as 9 percent in the past 3 days after the Reserve Bank of India (RBI) proposed norms to tighten project financing by setting standard asset provisioning of up to 5 percent on loans.However, reports suggested that the lenders are likely to oppose imposition of higher provisi...

The market participants are expected to remain cautious on the Nifty 50 given the rising volatility index from 10 to 17 levels in just nine trading sessions. Hence, unless and until, the volatility cools down, the rangebound trade with negative bias is likely to continue with the support at 22,150, which coincides with the lower end of the rising channel, but if the volatility stabilizes or falls ...

Volte faceSome informed bulls appear to have jumped ship in Voltas just ahead of its disappointing fourth-quarter numbers announced post-market hours on Tuesday. The stock had been riding high after a strong fourth-quarter business update. However, its quarterly numbers showed that Voltas’s efforts at increasing market share are coming at the expense of margins. Mutual funds and PMS funds had lo...

BSE Sensex and Nifty 50 recovered from the morning losses but were still trading weak at mid-day on May 8, with IT and financial services under pressure. Worries about lower voter turnout and the possibility of a weaker NDA win kept the indices cautious.The broader market underperformed the benchmark indices with BSE Smallcap and Midcap falling 0.4 percent each.At noon, the Sensex was down 65 poin...