Nifty is overbought, expect volatility next week; Time to stay put in market

ET Markets Daily Brief | Sat, Jan 28, 2017 | 02:05 PM IST Follow ET Markets Co-sponsor Associate Sponsors

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Nifty50 is overbought, expect volatility in a wide range; protect profit at higher levels Not only is the Nifty showing overbought conditions on daily charts, it faces pressure from external technical factors like potential rise in US Dollar Index. Sensex up 10% from December lows; investors should stay put despite B-Day volatility Shrugging off all negatives, stock prices continued their upward march. This is in itself the biggest indicator of the bullish undercurrent in the market. Tax-man's GAAR clarifications a relief for P-notes The CBDT on Friday clarified that if the jurisdiction of FPI is finalized based on non-tax commercial considerations and the main purpose of the arrangement is not to obtain tax benefit, GAAR will not apply

Interview One to One What fiscal deficit number the finance minister delivers will definitely have a bigger impact on both equity and debt... Nilesh Shah , Kotak AMC

Advertorial What factors to look at while choosing a suitable online term insurance plan? What factors to look at while choosing a suitable online term insurance plan?

Advertorial Live Webinar: After demonetisation, what tax payers can expect from Budget 2017? Register for Webinar: After demonetisation, what tax payers can expect from Budget 2017?

Market Watch 28 Jan | 02:05PM| SENSEX NIFTY USD/INR GOLD 27882.46 ↑174.32 8641.25 ↑38.50 68.03 ↓-0.05 28363.00 ↓-22.00

Gainers Losers 28 Jan, 2017, 02:05PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low

Tweet of the day... Idea share price soars amid talk of merger with Voda

FROM THE NEWSPAPER

Will Budget 2017 be a 'buy the rumour, sell the news' event? History says so In each of the last five years, post-budget returns have been negative with India underperforming emerging market peers in every single of these years. What I read this week: China's train to Europe in protectionist times; and the app that finished privacy I read about 2 emerging technologies that are becoming mainstream in the auto world and a Russian app that threatens to destroy privacy forever, Ritesh Jain. Budget 2017 wishlist: Automobile sector awaits tax exemptions, rural boost & scrappage scheme A boost to hybrid or electric vehicle and an introduction of a scheme to scrap truck older than 15 year old is also in the offing in the Budget, feel experts. Budget 2017 wishlist: Cement sector eyes boost to housing, braces for petcoke tax At present, cement attracts higher excise duty at around 12.5 per cent compared with about 6 per cent attracted by other core industries in the country. Week 4: Over 80% stocks settle in green in BSE500 index Around 406 stocks in the BSE 500 index settled the week in green, while other closed in red.

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