After seeing the sharp upbeats on costs and faster than expected demand recovery. FY2 earnings estimates for MOSL Universe and Nifty saw upgrades of 11% and 9% respectively. Going Forward an expectation rise for some elements of P&L costs to make a comeback as the economy opens up more and travel costs and other overheads gradually return.
Also, raw materials costs are going up sequentially for several sectors. Cost reduction has been factored in and consequently, there is limited room for a surprise now. Now building in 140 bases points and 110 bases point EBITDA Margin expansion to 18.2% and 17% for Nifty ex financial for Q3FY21 & Q4FY21 respectively adds Gautam Duggar.
According to the Market researcher’s SEBI reduced Settlement to T+1 which is a present for traders to Midcaps.
The ques are positive today in the sense that SEBI has removed the upfront margins for clients for the cash markets. Focusing on Midcaps still remains a better strategy.
That’s always a bit of positivity for those who want to trade that money is not needed at least upfront.
The dollar index is down to 91 and changed, it was 91 when we went to bed yesterday or we ended trading. Also, the holiday in the US that's also a reason why the mice will be clay because the cat's away.
The Stock Market Today sees profit-taking after a major profit.
There would be some Algo trade as well because both Milestones were head Nifty & Bank Nifty respectively.
Also because the FII flows are down because we are so close to Thanksgiving weekend.
Let's see after yesterday's trade there would have been some shorts in Indian Futures.
FIIs unwinded 12,000 longs added 6,000 shorts & 41,000 Call shorted, 26,700 Puts were bought and done one day ahead of expiry.
If these shorts do not get follow-through which is that if you do not break yesterday's low and don't go meaningfully below that, so we can hope for the possibility of a shortcoming but the market varied so much it has the right to correct and still be in a Bull market.
Crude Prices continue Rallying as Bent Moves Hits $49/bbl at 8 months high.
