Harsh Goenka tweets stock tips for internet users
RPG group president Harsh Goenka enjoys sharing his thoughts and wisdom on Twitter as he interacts with internet users who heartily react and interact with his tweets. He tweeted “Kabir on the stock market …” which is written in a unique doha style.
Meanwhile, the benchmark Sensex shares slipped more than 100 points at the start of trading on Thursday, following losses by the major ICICI Bank indices, the HDFC twins and ITC amid persistent foreign outflows.
Although it started slightly higher, the 30-stock index turned red, trading 125.54 points or 0.22 percent lower at 58,215.45. Likewise, the Nifty traded at 30.15 points, or 0.17%, at 17,384.90.
ICICI bank was the big loser in the Sensex pack, losing around 2%, followed by NTPC, Bajaj Finserv, HUL, Asian Paints, ITC and HDFC.
In contrast, Tech Mahindra, Reliance Industries, Kotak Bank and Infosys were among the winners.
In the previous session, Sensex set 323.34 points or 0.55% lower at 58,340.99, and Nifty lost 88.30 points or 0.5% to finish at 17,415.05.
Foreign Institutional Investors (FIIs) were net sellers in the capital market as they shed stocks of valued ??5,122.65 crore Wednesday, according to exchange data.
“In the bullish bear fight that is currently going on in the market, the fodder for bears is selling backed by the IFIs who have sold stocks worth around. ??18,000 crore in the last six days. This sustained sale is in line with the view of most foreign brokerage firms that valuations are stretched, âsaid VK Vijayakumar, chief investment strategist at Geojit Financial Services.
The buy-on-dip strategy that has worked well since April 2020 is not working now, he said, adding that valuations remain high even after this correction.
Stock markets in the United States largely ended on a positive note during the overnight session.
Meanwhile, international benchmark Brent oil fell 0.01% to $ 82.24 a barrel.
Never miss a story! Stay connected and informed with Mint. Download our app now !!