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The rupee ended slightly lower at 83.2075 against the U.S. dollar on Friday, pressured by dollar demand from importers and a slight recovery in the dollar index.

​As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

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The combined market of 65 odd public sector undertakings jumped by 45% in 2023 in line with the upsurge in the broader market. The market value of these PSUs, where the President (on behalf of the government) is either the majority owner or owns a substantial stake, increased by Rs 15.8 lakh crore to Rs 50.5 lakh crore, data from Refinitiv showed.

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The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Manish Sonthalia says: "There could be some time correction in mid and small caps during FY2024, not too much price correction, as SIP flows and retail participation in this space are pretty strong. The IPO market is pretty heated up in general SME or Main Board IPOs. IPOs would in general be an avoid."

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