• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Since FIIs Are Short In Market, Short Covering Is Possibility

OMMCOM NEWS by OMMCOM NEWS
November 3, 2023
in Business

New Delhi: The positive global sentiments can embolden the bulls in India to stage a comeback. Since FIIs are short in the market, short covering is a possibility, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Market history tells us that sharp up moves in the market happen at unexpected times. It appears that this truism is turning out to be true, he said.

The Fed decision to hold rates and refrain from making hawkish indications has emboldened the bulls to make a strong comeback in the mother market US with S&P rising 1.9 per cent Thursday.

Good earnings numbers and expectations that the interest rate will remain stable for now and will decline in H2 of CY2024 have facilitated market recovery, he said.

Investors should remember that the buy on dips strategy has worked in this market. It is likely to work again. High quality large-caps in financials, automobiles and capital goods are on strong wicket. Mid-cap IT is doing well, he said.

BSE Sensex is up 401 points at 64,482 points. Tata Motors is up more than 2 per cent.

 (IANS)

ShareTweetSendSharePinShareSend
Previous Post

SC Issues Notice To Centre On Plea Against Provision Of SC/ST Act Mandating Death Penalty

Next Post

59 Injured In Five Bus Pile-Up On S.Korea Expressway

Related Posts

Gold
Business

Gold Prices To Touch $3,600 Per Ounce By Year-End Amid Geopolitical Tensions: Report

August 19, 2025
India, Sri Lanka flag
Business

India, Sri Lanka Exporters Sign Pact To Boost Bilateral Trade

August 19, 2025
Business

India’s Growth Trajectory Remains Intact Despite US Tariffs: S&P Global Ratings

August 19, 2025
Indian Stock Markets
Business

Indian Stock Market Rally Continues, Sensex Jumps 370 Points

August 19, 2025
GST
Business

Incentives For Exporters, Monetary Easing To Bolster Structural Reforms In India

August 19, 2025
Economy
Business

India’s GDP Growth Projected At 6.7 Pc In Q1 FY26, Urban Consumption To Rise: Report

August 19, 2025
Next Post

59 Injured In Five Bus Pile-Up On S.Korea Expressway

IMD Predicts Appreciable Rise In Night Temperature, Dry Weather Across Odisha

No More Palestinian Workers From Gaza: Israel

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.