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The $7.5 billion derivative trade from the Singapore Exchange (SGX) has shifted to the NSE International Exchange (NSE IX), resulting in the rebranding of SGX Nifty futures contracts as Gift Nifty. Gift Nifty will now trade in NSE IX, which operates under the regulatory framework of the International Financial Services Center Authority. SGX Nifty has been suspended for trading and will eventually be delisted. There will be no significant impact on retail traders and investors, as it is simply a migration from one exchange to another. Gift Nifty will be accessible for almost 21 hours, overlapping with trading hours in Asia, Europe, and the US.

​This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased.​

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

Indian macroeconomic variables like inflation, growth and current account are quite stable, unlike some of the developed economies who are struggling to bring down inflation and facing challenges with respect to growth too.

The fund was launched in Sep’07 just as the markets were reaching manic highs. However, we exercised caution and refrained from fully deploying our capital, keeping a significant portion in cash. When the crisis struck, we were well prepared with only 20-25% of our fund deployed.

After the recent 12% rally from the March 2023 lows, we can see some retracement/consolidation but the uptrend remains intact given the strong earnings growth trajectory.

If you are talking of the market going to those levels, obviously, the large caps have to participate. And when you look at it across the board, financials, obviously, is one very, very large component which will drive the market out there.

​​Now in terms of contribution of agriculture it still remains around 15% so while that section of the economy benefits from monsoons for the overall economy ultimately services growth, investment growth, manufacturing growth is important so that is how we would be looking at the overall growth picture.

Promoter entity Fortitude Trade and Investment has sold its entire stake in Adani Transmission Ltd for about Rs 2665 crore through bulk deals on Friday. Meanwhile, GQG partners has bought a stake worth Rs 1,676 crore in the company.

"We expect the uptrend in Indian equities to continue in the near term. Next week the market will take cues from economic data to be released locally as well as globally.," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services