Geojit Financial Services: The company ties-up with Lotusdew to launch small & mid-cap stocks basket using AI as part of its Smartfolios platform Lotusdew Prestige to use unconventional methods like M&A analysis, earnings surprises to spot stocks and leverage on its history of high returns using behavioural finance.

Bank Nifty was the real superstar of the day as it had gained more than 3.5 per cent and notched a record closing high. All Bank Nifty components closed in the positive territory. Moreover, the top 4 gainers in Nifty 50 index were from the banking sector. Further, bulk gains of Nifty 50 were contributed by these four top gainers as their contribution was nearly 127 points.  The FIIs were net buyers to the tune of Rs 1,300.65 crore and the FII flows till date in February so far exceeded January flows.   

This pattern is viewed as a continuation pattern, which means that they tend to be resolved in the direction of the trend that preceded them. Currently, the stock is on a verge of resolving out of this continuation pattern.   

The two-wheeler manufacturer, TVS Motor Company informed the exchanges today that it has signed a new distribution partnership with Public Motors, a part of the reputed Ghaf Investments in the United Arab Emirates (UAE).  

As every coin has a flip side, mutual funds are no different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what they are selling. So, let’s find out.

The price action in financial stocks is certainly the talk of the town and one stock, which is certainly on cloud 9, is Cholamandalam Investment & Finance Company as following strikes of February series 500-520-530-540 on CE options side has gained between 290 per cent and 430 per cent. Further, LIC Housing Finance 470 & 460 Feb CE options have gained 136 per cent and 123 per cent, respectively. M&M Financial 215 Feb CE option has also jumped more than 100 per cent.   

It has now become a major success as its customers are looking to go digital. The concept gained popularity and became more relevant in the post-pandemic world, paving way for the company’s strong growth. 

Everyone is eager to know what the mutual fund managers bought & sold but mostly keen to know what they actually bought. So, let’s know which stocks attracted fund managers in January 2021. 

The market opened in green on February 15, 2021.

The market opened in green on February 15, 2021, overall volumes in futures & options currently stand at 2,09,89,787 contracts with a turnover of Rs. 20,59,106.43 crore.