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FIIs covering short positions in the Indian market may drive a potential rally, supported by DIIs and SIP. Amidst profit booking in FMCG stocks, focusing on rural demand and monsoon impact could offer buying opportunities. Private banks and financial companies show promising trends, while Nifty Auto and telecom sectors present favorable trading prospects.

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Ashi Anand, Founder and CEO of IME Capital, provides an in-depth analysis of the Indian IT and auto sectors. Anand highlighted the persistent strength in deal wins across IT companies despite weaker-than-expected revenue growth, attributing this to reduced discretionary spending.

D-Street showed marginal gains in a shortened trading week. However, signs of fatigue and potential correction are emerging. Key resistance levels are identified, and experts recommend caution and profit booking at higher levels.

​These 7 penny stocks surged up to 45% in a week

Updated at : 2024-06-22 17:25:02

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We selected stocks with a market capitalization below Rs 1,000 crore and a share price under Rs 20

Inox Green Energy Services Limited plans to raise funds through preferential allotment and warrant issuance in a board meeting on June 26, aiming to acquire Rs 1000 crore for future ventures.

​Lawrence A. Cunningham advocates that quality-focused, long-term investing is crucial for success but challenging due to resisting short-term gains, standing by long-term decisions, and avoiding potential capital losses from mistakes.

Foreign investors stage a comeback in holiday-shortened week, slashing net selling from 14,794 crore in June first week to Rs 3,064 crore at the end of second week.

The funds would be raised in one or more tranches. The company plans to monetise assets of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly-owned subsidiary of the company, by way of the issue of shares (through primary or secondary markets or both).

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Nifty has been favouring non-directional trades for the last few days. But the FII long-short ratio suggests that the FII short percentage in index futures has come down from 87% at the start of the series to 43% in the previous session. This trend hints at a significant short unwinding, says Rupak De.

Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.

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