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Crypto companies were “moving gradually towards changing the narrative” even before Bankman-Fried’s exchange failed in November, said Todd Irwin, the chief strategy officer at Fazer, a branding agency that has clients in the industry. “After the FTX incident, the move has been turbocharged.”

Motilal Oswal initiated a buy on Phoenix Mills with a target of Rs 1700. The brokerage firm expects the company to deliver 34% CAGR in EBITDA of the rental portfolio.

Equities may get a spur in the second half of the calendar year 2023 when inflation drops and central banks begin to cut interest rates, says IIFL Co-founder R Venkatraman. He, however, expects Nifty, which is down 10% from its peak, to end 2023 at around the 17,000 mark. Venkatraman also talks about outlook on bank stocks and sectors that are likely to outperform in FY24

The Nifty Realty index was trading 0.14 per cent up at 395.55.

On the technical charts, the RSI of the stock stood at 48.22.

Siddhartha Khemka of MOFSL says that despite strong property registration data and robust cement demand, real estate and cement have underperformed the Nifty over the last few months. Domestic equities initially recovered from the Budget day lows after the concerns receded a little with regards to aggressive potential rate hikes by the US Fed in subsequent monetary policy meetings, but with the global inflation stickiness continuing, the concerns have resurfaced.

Global oil prices are coming down, refining margins are coming down, and marketing options are not as available for Reliance as they used to be. This has created some challenges for the oil and gas business in India. Also, telecom ARPU is not going up, and telecom price wars are restarting, which does not augur well for the P&L of Reliance.

India VIX was up by 8.38% from 14.77 to 16 levels on Monday. Volatility has been on the rise from the last three weeks which is giving some discomfort to the bulls. On the weekly options front, the maximum Call OI is placed at 17200 and then towards 17000 strike while the maximum Put OI is placed at 16900 and then towards 17000 strikes.

“It closed on a negative note though well off the intraday lows indicating buying interest at lower levels. On the hourly charts, we can observe that the momentum indicator has triggered a positive crossover which is a buy signal. Thus, we expect the Nifty to continue with the positive momentum which has started during the second half of Monday’s trading session for the next trading session as well,” Gedia said.

DLF, incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 91561.78 Crore) operating in Real Estate sector.