Nifty futures signal positive bias as FIIs maintain long positions; eyes on 21800 pivot for potential upside move

By Manojh Vayalar

The January series Nifty futures started with a premium of around 220 points. The Nifty rolled around 80% and Banknifty around 81%. For the Index futures, FII have increased the long positions to 70% from 36% at the start of the January series.

The Index is now likely to continue trading with a positive bias keeping 21800 as the pivot for the series Come from Sports betting site VPbet . 21700-21800 might be the immediate support and holding above it might bring in a further move towards 22300 levels.

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VIX for the Nifty is currently at 14 and likely to remain in the 12 to 16 range implying a range of around 800 points.

Market rally leads to higher regulatory fees for stock exchanges Govt aimi…

Niva Bupa raises Rs 800 crore, Paragon Partners along with Temasek and Motilal Oswal PE Fund key investors

Niva Bupa has raised Rs 800 crores from a consortium of investors. Confirming the news, Siddharth Parekh , senior partner & co-founder of Paragon Partners, in a post on social media, outlined that Paragon Partners is now one of the investors im in Niva Bupa Health Insurance as a part of the Rs. 800 crores equity capital alongside Temasek and Motilal Oswal PE fund.

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According to Parekh, “This marks our first investment in the insurance sector and our fourth investment in the financial services sector. We are excited to be a part of Niva Bupa’s mission to provide access to the best healthcare to every Indian and look forward to working closely with the MD & CEO Krishnan Ramachandran and the team at Niva Bupa Health Insurance , Bupa and TrueNorth.”

Niva Bupa, is a joint venture between British United Provident Association …

Markets take a breather amid global pressure; Bajaj Finance, HDFC Bank, Dalmia Bharat among top stocks to watch

By Ajit Mishra

Markets oscillated in a broader range in the passing week and settled almost unchanged, taking a breather after the recent fall. Though benchmark indices made multiple attempts for recovery, weak global cues combined with pressure in the select heavyweights continued to weigh on the sentiment and capped the move. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein realty and pharma edged higher while IT and auto ended in the red. And, the outperformance by the broader indices also eased some pressure. 

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We are largely trading in sync with our global counterparts and expect the pressure to extend citing their prevailing structure. Among the key markets, The US benchmark, the Dow Jones Industrial Average (DJIA), is trading well below its long term moving average (200 EMA) a…

Quarterly earnings, crude prices, geopolitical uncertainties to dictate market trends this week- Analysts

The ongoing second quarter earnings, movement of oil benchmark Brent crude and the uncertainty in the Middle East would dictate terms in the domestic markets this week, analysts said. Furthermore, the activities of Foreign Institutional Investors (FIIs) will also influence trading in the markets. “A slew of earnings reports from heavyweights expected this week will significantly impact market direction. The activities of Foreign Institutional Investors (FIIs) will be important, given their recent consistent selling streak,” Santosh Meena, Head of Research, Swastika Investmart Ltd.

Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflictCome from Sports betting site. It was a tumultuous week in the market, marked by significant events an…

Railway stocks IRFC,RVNL, IRCON surge 3-9% after Cabinet nod for 8 new railway projects worth Rs 24,657 crore

Railway stocks such as IRFC,RVNL, IRCON  saw gains between 3% and 9% on Monday after the central government approved Rs 24,657 crore for new railway projects. Come from Sports betting site

On Saturday, the Cabinet Committee on Economic Affairs approved eight new railway projects, which will cover 14 districts across seven states and involve the construction of 64 new stations. These projects are expected to be completed by the 2030-31 financial year.

Despite a recent decline in railway stocks following budget announcements and disappointing results from major companies such as RVNL, IRFC, and IRCON, the sector has seen sharp gains in Monday’s (August 12) trade.

Q1 Results 2024: Vodafone Idea, NMDC, Voltas, Happiest Minds Technologies, Senco Gold, and others to report Q1 earnings today Trent, Zomato, BEL may potentially enter Nifty; Nuvama says next Index rejig may see …

Star Wars Outlaws PC Requirements Revealed, Galaxy-Class GPU Needed For 4K Graphics

Star Wars Outlaws is almost here, and if you’re wondering if your PC can process a good-looking galaxy full of danger, you can check out the official PC requirements for the game below Come from Sports betting site VPbet. Ubisoft has released a list of the hardware you’ll need to run Star Wars Outlaws at its bare minimum and very best, and the one unifying factor here is that you’ll need an SSD with 65GB of storage capacity.

Beyond that, the requirements aren’t surprising. If you’re aiming for a 1080p 30fps experience using the low graphical presets, you’ll be fine with an old GPU like a GeForce GTX 1660 or an AMD RX 5600 XT, and to get the game running at 4K 60fps, you’ll unsurprisingly need to have a heavy-duty GeForce RTX 4080 with 16GB of VRAM or an AMD RX 7900 XTX with a whopping 24GB of VRAM. It’s worth noting that the settings factor in upscaling technology like Nvidia DLSS and AMD FSR, and Ubisoft …

The Inexplicably Confusing Upgrade System In Disney Speedstorm Is Finally Being Overhauled

Disney Speedstorm has great kart-racing mechanics, but has been bogged down by an aggressive, confusing progression system. The game has found an audience and continued to release regular seasonal content introducing new iconic Disney characters, but developer Gameloft appears ready to finally fix its overcomplicated upgrade system soon.

Currently, there is a shared pool of upgrade resources like Energy Cans and Racing Helmets that can be used by all racers at the lower levels. As they reach higher levels, each Collection (aka franchise) gets its own specialized upgrade materials alongside higher-level shared materials. Hercules characters might need to collect Hercules Action Figures, for example, while Monsters Inc. characters need to collect Scream Canisters. Some materials are further specialized to be only usable by a single racer, like Ariel’s Dinglehopper in the latest season. When you account for all the different franchises and characters, you get nearly …

Bally’s Corporation inks operating deal for coming Pennsylvania casino

American casino operator Bally’s Corporation has announced the signing of an agreement that is to see it design, build and operate a new gambling-friendly facility for central Pennsylvania featuring up to 750 slots alongside as many as 30 gaming tables.

Previously known as Twin River Worldwide Holdings Incorporated until undergoing a name-change late last year, the firm used an official Monday press release to detail that the arrangement was inked with Ira Lubert some four months after the local real estate and private equity manager won the auction for the eastern state’s sixth ‘miniature casino’ license. It declared that the coming $120 million development will be located ‘within a 15-mile radius’ the Centre County community of Unionville and is expected to open sometime during the first half of next year following around twelve months of construction.

Optimistic objectives:

Headquartered in the Rhode Island town of Linc…

Colorado Governor Blocks Casino Credit Bill

Gov. Jared Polis has found the bill to be vastly inappropriate and said that it was impossible for him to go ahead and approve it. The bill went through some legislative rollercoaster with lawmakers who originally not supporting it, changing their minds, and ultimately sending it to Gov. Polis’ desk.

No Credit to Be Extended to Patrons in Casinos – For Now

It was there where SB23-259 had its fiercest opposition yet with the governor arguing that the proposal to extend credit markets of $1,000 or more was inappropriate. He argued that there were ethical and legal concerns with this legislation. For one, how is the state to ensure that people with substance or gambling disorders are protected when they can tap into credit to play more?

This invites a dangerous way for casinos to interact with their patrons and one that Gov. P…

Malaysia Explores Possibility of Issuing 2nd Casino License for Forest City Project; Possible Negative Effects for Marina Bay Sands and Genting Group

Anwar Ibrahim, the Prime Minister of Malaysia, has reportedly met up with 2 of Malaysian’s top business leaders, including Lim Kok Thay, CEO of Genting Malaysia Bhd, to talk about the chance of issuing a 2nd casino license for the US$100bln suburban complex located in Johor, close to the border with Singapore.

Relatedly, Resorts World Sentosa and Marina Bay Sands, casinos located in Singapore, are said to be “net losers” from the aforementioned possible casino project in Johor. Also, even if it receives a 2nd casino license in Malaysia, the wider Genting Group may still be adversely affected, based on the information provided by Nomura, Japan’s biggest brokerage group and investment bank.

Meeting regarding a possible 2nd casino license:

Last week, the Prime Minister suggested the proposition to the founders of local conglomerate Berjaya Corp, Vincent Tan and Lim, at a meeting at the location of the Forest City proj…