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Sudip Bandyopadhyay says: “Some amount of caution is creeping in. Remember, we are heading to a result season. Day after tomorrow onwards, the IT big companies start announcing the results and the market will take cues from the results and move on. I think the next main trigger apart from the results will be the budget on 1st February.”

Furloughs is a period when employees go on leave, and this typically occurs during the December quarter, particularly in the western countries.

The stock of Siemens India has given 11-days consolidation breakout on daily scale. This breakout was accompanied by strong trading volume, surpassing the 50-day average volume. Furthermore, on the breakout day, the stock displayed a significant bullish candle, reinforcing the strength of the upward movement.

SpiceJet is slated to hold its annual general meeting (AGM) later today to consider the adoption of its audited financial statements along with the issue and allotment of equity shares on a preferential basis.

ZEEL shares were trading amid high volumes with over 3.62 crore changing hands on the NSE around 11:15 am. The stock which was under the F&O ban list till Tuesday is out of the ban now.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

Sanjiv Bhasin says: “When it comes to religious torism, the winners are going to be Indian Hotels and IRCTC. Also, add UltraTech, Ambuja and Dalmia Bharat into your portfolio on this correction. Cement will be a no-brainer right up till the elections and you will see more cause of price hike.”

This government isn’t known for too many populous policies as far as the budget before the election goes.

As of 30-Sep-2023, promoters held 51.28 per cent stake in the company, while FIIs held 21.51 per cent and domestic institutional investors had 16.67 per cent.