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When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.
Except pharma, all other sectoral indices ended in the green with media, PSU Bank, FMCG, metal, oil & gas stocks were up 1-2 percent.
Deepak Shenoy analyzes market trends, including smallcaps' PE ratios and Q4 results' impact. He discusses the banking sector, industrial manufacturing, market fear, and investment interests in hospitality and electrification themes, highlighting the ongoing challenges and opportunities in the evolving market landscape. He says: "We are seeing industrial manufacturing growing at a much faster pace and at relatively low debt levels."
Shares of Info Edge more than 9.01 per cent to Rs 6,189, hitting its new all-time highs and commanding a total market capitalization of more than Rs 80,000 crore.
Risks for Info Edge include a slow recovery in the recruitment classified vertical and poor performance of its listed investments, Nomura said