Overnight Digest: Stocks likely to be in focus on February 24
Overnight Digest: Stocks likely to be in focus on February 24

Overnight Digest: Stocks likely to be in focus on February 24

The rebound in the broader market was seen sharper than benchmark indices where midcap and smallcap indices closed in green.

DSIJ Intelligence Article rating: 3.0

On Wednesday, the domestic benchmark indices traded on a positive note but ended lower after the five-day losing streak in hopes the sanction by the West may not hit Russian oil supplies. 

Indices wipe off gains; financials and auto sectors drag the market
Indices wipe off gains; financials and auto sectors drag the market

Indices wipe off gains; financials and auto sectors drag the market

Among the sectors, financials, private banks & auto showed a dismal performance and their indices closed lower

DSIJ Intelligence Article rating: 5.0

It was going all well until the last hour of the trade when the Indian indices witnessed a severe sell-off.

Sanjeev Bikchandani – Man behind India's first internet startup
Sanjeev Bikchandani – Man behind India's first internet startup

Sanjeev Bikchandani – Man behind India's first internet startup

Sanjeev Bikchandani today is one of India’s top richest persons with a net worth of Rs 18,750 crore.

DSIJ Intelligence Article rating: 3.8

Sanjeev Bikchandani grew up in a typical middle-class household. His father was a low-paid doctor at a government hospital, and his mother was a housewife. In 1984, he joined Lintas as an Accounts Executive after completing his Bachelor of Arts with a focus in Economics. 

Mid-day Movers: Yaari Digital, R Systems and SORIL Infra are the top gainers of BSE!
Mid-day Movers: Yaari Digital, R Systems and SORIL Infra are the top gainers of BSE!

Mid-day Movers: Yaari Digital, R Systems and SORIL Infra are the top gainers of BSE!

Shares of Yaari Digital Integrated Services Ltd, R Systems International Limited and SORIL Infra Resources Ltd have rallied in today’s trading session.

DSIJ Intelligence Article rating: 5.0

Shares of Yaari Digital Integrated Services Ltd, R Systems International Limited and SORIL Infra Resources Ltd have rallied in today’s trading session. 

While markets opened marginally higher, as of noon, BSE Sensex was 0.56 per cent up and S&P BSE Smallcap was 1.68 per cent up.  

Yaari Digital has hit the upper circuit of 19.99 per cent 

Yaari Digital Integrated Services Ltd is engaged in the business of real estate development, providing management and maintenance services, equipment renting etc. The company has hit an upper circuit of 19.99 per cent in the first half of today's trading session. The share price of the company was in a downtrend after ED raids on the parent company, Indiabulls Real Estate office. But, after the clarification from the company, the share price has bounced back in the last two days. 

Stocks below Rs 100: Only buyers seen in these scrips on February 23
Stocks below Rs 100: Only buyers seen in these scrips on February 23

Stocks below Rs 100: Only buyers seen in these scrips on February 23

At 12.15 pm on Wednesday, the core equity indices i.e., Sensex and Nifty 50 were recovering amidst relaxed oil prices, and the changing political dynamics arising due to the Ukraine-Russia conflict.

DSIJ Intelligence Article rating: 4.4

At 12.15 pm on Wednesday, the core equity indices i.e., Sensex and Nifty 50 were recovering amidst relaxed oil prices, and the changing political dynamics arising due to the Ukraine-Russia conflict. The Sensex was trading at 57,554.93 up by 254.24 points 0.44 per cent, while Nifty was at 17,162.40, up by 70.20 points or 0.41 per cent from the last trading session.   

Watch out for these penny stocks locked in the upper circuit on February 23!
Watch out for these penny stocks locked in the upper circuit on February 23!

Watch out for these penny stocks locked in the upper circuit on February 23!

Oil prices jumped on worries of western sanctions on Russia for sending troops into two breakaway regions in eastern Ukraine could hit energy supplies.

DSIJ Intelligence Article rating: 5.0

Oil prices jumped on worries of western sanctions on Russia for sending troops into two breakaway regions in eastern Ukraine could hit energy supplies. Australia declared sanctions on eight of President Vladimir Putin's top security advisors on Wednesday. Meanwhile, Japan also issued sanctions on Russia; Japan's sanctions include prohibiting the issuance of Russian bonds in Japan and freezing the assets of certain Russian individuals as well as restricting travel to Japan. 

Five stocks witnessing short covering
Five stocks witnessing short covering

Five stocks witnessing short covering

Short covering refers to buying back borrowed securities in order to close out an open short position at a profit or loss.

Avalokita Pandey Article rating: 3.0

List of the stocks where sell positions are being covered in the F&O segment.

Five stocks witnessing long unwinding
Five stocks witnessing long unwinding

Five stocks witnessing long unwinding

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

Avalokita Pandey Article rating: 2.8

Following are the stocks where profit booking is seen taking place in the F&O segment.

Following a positive opening, headline indices trade in green
Following a positive opening, headline indices trade in green

Following a positive opening, headline indices trade in green

The Nifty 50 index saw high volatility yesterday wavering over 305 points before finishing lower by 114 points.

DSIJ Intelligence Article rating: 5.0

The Nifty 50 index saw high volatility yesterday wavering over 305 points before finishing lower by 114 points. The US markets also had a volatile day with losses as markets corrected to new sanctions on Russia and oil prices reaching a 7-year high. The US 10-year bond yields climb to 1.86 per cent.

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