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On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17700 and then towards 17500 strikes.“Nifty formed a Bullish candle with long lower shadow on a daily and weekly scale which indicates buying interest on declines.

Godrej Properties sold properties worth Rs 2,675 crore in Delhi-NCR, Rs 2,053 crore in the Mumbai Metropolitan Region (MMR), Rs 1,452 crore in Bengaluru and Rs 1,376 crore in Pune. These are the four major markets for the company. Godrej Properties, which is the real estate arm of the business conglomerate Godrej Group, is one of the leading real estate developers in the country.

Price caps on Russian products took effect on Sunday, with the Group of Seven (G7), the European Union and Australia agreeing on caps of $100 per barrel on diesel and other products that trade at a premium to crude, and $45 per barrel for products that trade at a discount, such as fuel oil.

Physical gold demand in India ticked up last week, as jewellers resumed purchases after staying away for a couple of weeks hoping for an import duty cut in the government budget amid the wedding season

A host of Fed officials are set to speak this week, led by Chair Jerome Powell on Tuesday, and the tone could be hawkish. Policy makers from the European Central Bank and the Bank of England will also be making appearances

Adani Group companies have come under intense selling pressure since the past week following a report by New York-based short seller Hindenburg that alleged stock manipulation and fraudulent practices

Some of the key monitorables include the management guidance on Tata Steel Europe and NINL operations, guidance on transition to green steel in Europe and technology/financing. Investors are also awaiting for key details on debt reduction and steel contracts, which will be re-priced in Europe and its impact on PAT

According to the data, FPIs withdrew a net sum of Rs 28,852 crore from equities in January. This was also the biggest monthly withdrawal by FPIs since June 2022, when they had pulled out Rs 50,203 crore from equities.

One should expect heightened activity in the coming weeks to get the benefit of the lower tax rate on long term capital gains till March 2023. It is interesting to note that the definition of MLDs covers a wider set of securities where the returns are based on other underlying instruments or index.

A slew of domestic companies including Adani Transmission, Tata Steel and Varun Beverages and others will kick off the earnings week.>> For more such web stories click on the ET icon below