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NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 168043.22 Crore) operating in Power sector.

The stock traded at a P/E multiple of 17.57, while the price-to-book value ratio stood at 1.59.

Strong growth pipeline and increased focus on cost efficiency augurs well for the company.

Indian stock exchanges are proposing a "more flexible" price range for derivatives contracts to reduce the impact of market volatility, Chandan Taparia, derivatives analyst at Motilal Oswal, has said. After the cooling off period, there would be a range for both options and futures prices after the script hits its price band. The aim is to prevent mis-pricing. The proposal is currently up for consultation.

Asian stocks and US futures fell on Monday as concerns about US debt ceiling negotiations weighed on market sentiments, hazardous banking fears and fresh geopolitical anticipations. US House of Representatives Speaker, Kevin McCarthy, and President, Joe Biden, meet on Monday to take a crucial call on the debt ceiling, less than two weeks before the end-of-May deadline. As the break in the negotiations last week, the inability to lift the debt ceiling might lead to a default and spark chaos in financial markets. Meanwhile, concerns over regional banks led US bank shares to continue their decline.

Moreover, rural growth has stabilised and started showing early signs of improvement, and that should increase the confidence that Nifty will be able to deliver mid-teens earning growth in FY24.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

India is in a much better position now from a macro-economic stability perspective. Domestic growth is intact, inflation has come down and the currency has stabilised.

​Aggressive New Long positions indicate a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, along with the cumulative open interest and price for the underlying stock, increased. ​