What short selling in stock market

Benchmark indices including the Nifty and the Sensex continues to trade in the red with Nifty down 58 points and is trading at 11,773 while the Sensex shed 245 points and is trading at 39,356 level.Auto stocks trade in the red, the top losers are Maruti Suzuki which shed 2 percent after global brokerage house UBS downgraded its rating to sell from buy amid sharp volume decline. The research house also slashed its price target on the stock by 27.5 percent to Rs 5800 from Rs 8000 per share earlier, implying 13 percent potential downside from current levels.The other losers are Motherson Sumi Systems, TVS Motor Company and Ashok Leyland.Close Pharma stocks continue to drag led by Aurobindo Pharma, Cadila Healthcare, Divis Labs, Glenmark Pharma, Dr Reddy's Labs and Sun Pharma. related news Market Live: SGX Nifty indicates flat to positive opening for Indian indices Trade Setup for Wednesday: Top 15 things to know before Opening Bell Technical View: Nifty … [Read more...] about D-Street Buzz: Over 250 stocks hit 52-week low on BSE; Maruti falls 2%, UPL jumps

Benchmark indices are trading on a positive note with Nifty up 22 points and is trading at 11,714 while the Sensex added 82 points and is trading at 39,195 level.Nifty Pharma gained over a percent led by Piramal Enterprises which jumped 5 percent followed by Divis Labs, Sun Pharma, Glenmark Pharma, Lupin and Cipla.Realty stocks are also buzzing led by Indiabulls Real Estate which spiked 4 percent followed by Unitech, Sunteck Realty, DLF and Godrej Properties.Close Selective PSU banks are up in this morning session led by Canara Bank, Punjab National Bank, Syndicate Bank, Union Bank of India, Bank of Baroda and Bank of India. related news Market Live: SGX Nifty indicates flat to positive opening for Indian indices Trade Setup for Wednesday: Top 15 things to know before Opening Bell Technical View: Nifty forms bearish candle, may test 50-day SMA if selling pressure continues From the infra space, the top gainers are Bharti Airtel which added 2 percent followed by … [Read more...] about D-Street Buzz: Realty stocks gain led by Indiabulls Real Estate; YES Bank jumps 3%, IT drags

The formation of the head and shoulder patterns are still intact in the Nifty, as per the daily time frame chart. This neckline of this pattern is at 11,880-900 level. A sustainable move below this area could open up a sharp weakness in the market ahead, said experts.According to the pivot charts, the key support level for Nifty is placed at 11,889.67, followed by 11,841.83. If the index continues moving up, key resistance levels to watch out for are 11,983.67 and 12,029.83.Close Nifty Bank closed slightly lower by 0.03 percent at 31,332.10. The important pivot level, which will act as crucial support for the index, is placed at 31,113.3, followed by 30,909.9. On the upside, key resistance levels are placed at 31,528.9 and 31,741.1. related news Slideshow | Foreign brokerages bet on 5 stocks for returns of 6-25% Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term Ideas for Profit | Relaxo: Walking the talk through strong earnings … [Read more...] about Top buy and sell ideas by Sudarshan Sukhani, Mitesh Thakkar, Prakash Gaba for short term

Saudi Aramco shares surged the maximum permitted 10 percent above their initial public offering (IPO) price on their Riyadh stock market debut on December 11, nearing a $2 trillion valuation.The shares leapt to 35.2 riyals ($9.39) each, up from the IPO price of 32 riyals. The daily limit of price move allowed by the Tadawul exchange is 10 percent.That gives the state-owned oil giant a market value of about $1.88 trillion, comfortably making it the world's most valuable listed company, although it will have one of the smallest "free floats" of publicly tradeable shares, at just 1.5 percent. This will help it achieve the $2 trillion valuations sought by Saudi Crown Prince Mohammed bin Salman.Close Saudi Arabian Oil Co (Aramco) raised a record $25.6 billion in its IPO last week, giving it a market value of around $1.7 trillion. related news MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indices Politics | New energy in India-Saudi Arabia ties … [Read more...] about Saudi Aramco IPO: Shares list with 10% gains on Riyadh stock exchange

Late recovery on D-Street in the second half of the trading session helped benchmark indices close above crucial support levels on Wednesday. The S&P BSE Sensex rose nearly 200 points while the Nifty50 reclaimed 11,900 levels.Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 172 points to 40,412 while the Nifty50 closed with gains of 53 points to 11,910 on Wednesday.Close Sectorally, the action was seen in Oil & Gas, IT, as well as, realty space while profit-taking was witnessed in capital goods, telecom, and metal stocks. related news Closing Bell: Nifty ends above 11,900, Sensex up 172 pts; Yes Bank slips 14% Taking Stock: SBI, Yes Bank biggest losers in banking space; Nifty holds 11,850 Closing Bell: Sensex ends 248 pts lower, Nifty holds 11,850; FMCG, IT, metal, PSU banks drag the most Broader market underperformed benchmark indices. The S&P BSE Midcap index was up 0.52 percent while the S&P BSE Smallcap index closed … [Read more...] about Taking Stock: Late recovery helps Sensex settle 172 pts higher; Yes Bank share price down 15%