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FPIs purchased shares worth Rs 8767 crore ($1.07 billion) on a net basis in the first half of April.

Ace investor Rekha Rakesh Jhunjhunwala added 1.94% stake worth INR122 crore ($16.78m) in Sun Pharma Advanced Research Company, a biopharmaceutical company, and 5.23% stake valued at INR53.2 crore in Raghav Productivity Enhancers in the March quarter, according to data from Trendlyne. Jhunjhunwala also increased her stake to 5.29% from 5.17% in Titan Company Limited, with her total holding valued at INR12,057.1 crore.

For traders looking for fresh trades, a decent support level for Nifty could be around 17500. We have been maintaining this stance throughout the week. If the index dips back to those levels, it could be a good point to consider fresh buying. As for Bank Nifty, a support level could be around 41800-41850 for traders looking to build up long positions.

After a correction of nearly 10% from all-time highs, Indian broader market indices which were trading at exorbitant premiums have started to trade at reasonable valuations. Additionally, a sharp rally in EM peers coupled with a corresponding surge in earnings has eliminated the premium, prompting FIIs to flock back to India.

The stocks which have given multibagger returns include Apar Industries, Fertilisers And Chemicals Travancore Limited (FACT), Mazagon Dock Shipbuilders Ltd, UCO Bank, Rail Vikas Nigam Limited (RVNL), Finolex Cables Limited, Punjab & Sind Bank and Indian Bank Limited.

The week was dull for index heavyweights as 18 stocks from the 30 share Sensex pack ended in the red, with Infosys being the top loser. The scrip has lost as much as 11% during the week, following its poor fourth quarter numbers as weak guidance for FY24.

Premium pricing in options is based on intrinsic and extrinsic values. Intrinsic value is the market price subtracted from the strike price. Extrinsic value is determined by the Black Scholes model and is higher for at-the-money options, while out-of-the-money options have lower extrinsic value. Intrinsic and extrinsic values are added to determine the premium price of in-the-money options. As options move further out of the money, the extrinsic value decreases, thus lowering the premium price. Finally, the author shares a live market option chain with decoded values.

Navin Fluorine International has seen its shares rise by 9,200% over the past ten years, delivering a Rs 9 lakh ($12,564) return on a Rs 10,000 investment, according to ET Markets. The speciality fluorochemicals manufacturer has also seen sales grow from Rs 486 crore in FY13 to Rs 1,453 crore in FY22. The company is majority-owned by public shareholders at 71%, with promoters holding a 28.81% stake. Technical analysts have suggested the stock will continue its upward momentum, targeting a price of Rs 5,100-5,250 ($71-$73) within a couple of weeks.

Despite a culture of high savings, only 5-6% of Indians invest in equities due to a lack of financial literacy. However, fintech companies and financial institutions have started leveraging user-friendly interfaces, informative content, and investment tools to educate and empower individuals to make informed investment decisions.

EssilorLuxottica SA jumped 6.3%, among top boosts to the blue-chip EURO STOXX index, after the luxury eyewear maker reported a rise in first-quarter revenue on a rebound in China-led growth.