• 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

Strong Build-Up Of Short Positions In The Market

OMMCOM NEWS by OMMCOM NEWS
January 9, 2024
in Business
Nifty

New Delhi:  The 197 points decline in Nifty on January 8 despite marginal buying by both FIIs and DIIs indicates strong build up of short positions in the market, said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Long positions are steadily declining and short positions are building up. This short build up is on bearish expectations that the present high valuations are difficult to sustain and some triggers may lead to sharp corrections, he said.

This expectation need not be realised since global cues have again turned positive on a rally in the US market. Domestic cues are looking good. Buy on dips strategy may work again leading to some short covering, he said.

Strong JLR numbers from Tata Motors and the attractive buy back offer from Bajaj Auto will give support to the Nifty Auto Index. The real estate segment is doing well and the margin expansion happening in the industry bodes well for the sector. But the good news is in the price, he said.

BSE Sensex is up 548 points at 71,903 points on Tuesday led by IT stocks. Tata Motors is up 2 per cent. HCL Tech is up 1.5 per cent.

(IANS)

Tags: BSE SensexIT stocksNiftyTata Motors'US market
ShareTweetSendSharePinShareSend
Previous Post

7.1-Magnitude Quake Hits Southern Philippines

Next Post

Inspired By ‘Heeramandi’ Role, Richa Advocates For Preservation Of Classical Dance In Indian Cinema

Related Posts

Business

India’s Exports Of Pharmaceuticals, Textiles, Jewellery To US Likely To Go Up After Bilateral Trade Pact

June 23, 2025
Business

Air India Express Flight From Delhi To Jammu Returns Midway, Airline Cites Technical Issue

June 23, 2025
Indian stock markets
Business

Sensex Ends Lower In Volatile Session As Mideast Tensions Flare Up

June 23, 2025
Business

Saudi Arabia, Russia Offer Oil Supply Continuity For India Amid Iran’s Hormuz Uncertainty

June 23, 2025
Business

India’s Export Sector Stands Strong Amid Rising Geopolitical Tensions: FIEO

June 23, 2025
Global Economy
Business

India’s Economic Activity Surges To 14-Month High: Report

June 23, 2025
Next Post

Inspired By 'Heeramandi' Role, Richa Advocates For Preservation Of Classical Dance In Indian Cinema

superstar Yash

Another Fan Who Suffered Head Injury After Colliding With Yash’s Convoy Dies

Zee Entertainment

Zee Entertainment Shares Down 8% After Reports Of Sony Planning To Call Off Merger

Khimji
OMC
  • 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.