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“I guess, people made a lot of money after Covid and they are looking for avenues to invest. Even after this runup, many are sitting on a significant amount of cash. So, even now, the liquidity is not completely exhausted. I guess it is just the money which was probably printed during the Covid times, which is still making rounds.”

From the Sensex pack, NTPC, Power Grid, M&M, and L&T were the top gainers, rising 2-3.5%. L&T, Sun Pharma, SBI, Titan, and Tata Steel also closed higher. On the flip side, TCS, Infosys, Axis Bank, and Bajaj Finserv closed in the red.

The currency held in a tight range of 83.3850 and 83.4050 through the session as the central bank likely intervened to prevent the rupee from dropping further, five traders said.

Coming to the buildup of fresh short positions, when the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

Social Stock Exchange (SSE) is a separate segment created by stock exchanges to help social enterprises raise funds from the public. Certain types of social enterprises like not-for-profit organizations (NPOs) can register on SSE and undertake to make continuous disclosures on their social impact.

“The RMI indicator that we use is giving sell signals on many of these key sectors so it is slightly difficult to take a bullish trade here. If at all, we will take one, we will possibly take a bearish trade and start with the index and, of course, the sectors which have moved up the most, then can give you a correction as well.”

While sharing a deep fake video of his, Nithin Kamath said it will only become harder over time to validate if the person on the other side is real or AI-generated.

High-end nicotine is seeing growing demand due to the rise of vapes and pouches globally. Indian tobacco is well placed since it has a high nicotine content.

The current grey market premium (GMP) of Motisons Jewellers stock is around Rs 75, compared with the upper price band of Rs 55. The IPO opens for subscription on December 18 and closes on December 20.