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Most technical charts indicate a weak trend for Nifty in the short term. A decisive move below 21,900 could trigger significant weakness, potentially for the next support levels of 21,500-21,400, as suggested by technical analysts. Stocks recommended by them include BEL, JK Cement, ITC, AU Bank, and Kotak Bank, while those with a negative bias include Tata Motors, M&M, IOC, Hind Petro, SAIL, Tata Steel, PFC, Biocon, and DLF.NAGARAJ SHETTI SENIOR TECHNICAL ANALYST, HDFC SECURITIESWhere is the Nifty headed this week? A negative candle was formed on the daily chart, which was placed at the edge of moving below the immediate support of 21,900. The downside breakout of the daily 10/20 period exponential moving average (EMA) and ascending trend line is intact, and the market is finding resistance around 22,200 levels. Nifty, on the weekly chart, formed a long negative candle, which indicates the formation of a bearish engulfing-type pattern. Nifty, on the weekly chart, placed at the edge of moving below the strong support of the 20-week EMA, around 21,915. This is not a good sign. The near-term trend of Nifty is weak. A decisive move below 21,900 could open sharp weakness down for the next support of 21,500-21,400 levels. What should investors do? One may look to book profit from long trading positions and also start creating fresh short positions in Nifty and stocks. At lows, one may find an opportunity to book a profit of shorts around 21,500-21,400. One may place a stop loss for trading short positions around 22,250-22,300. Stocks with negative bias include Tata Motors, M&M, Indian Oil, HPCL, SAIL, Tata Steel, PFC, Biocon and DLF. 108571735SHILPA ROUT AVP - TECHNICAL RESEARCH, PRABHUDAS LILLADHERWhere is the Nifty headed this week? Nifty option chain suggests good support zones around 21,750 which should act as a strong support base going ahead. But on every decline with this support, we should see 21,500 being claimed again and 21,800 eventually once before the pre-election rally. The option chain suggests PE writers being aggressive at 21,800/20,000 strikes on a weekly and monthly basis, with 22,500/23,000 call writers also adding very strong positions. Overall put call ratio, also being neutral, adds a hint to the trend reversal again for the bull run to continue the coming week. What should investors do? Last week, Nifty held the level of 21,900 and was trading in the range of the 21,900-22,200 zone, with strong resistance at 22,200 - 22,300 levels. Closes above 22,300 levels will confirm the positive bias. Until then, we are in the range of 400 points as of now, and trading in a rangebound market. A decisive breach of 50-DMA will further trigger another breakdown towards the 21,500 level. Buy BEL for a target of Rs 210 with support at Rs 180 levels. Buy JK Cement for a target of Rs 4,500 with a stop loss of Rs 4,000. Buy India Cements for a target of Rs 230 with a stop loss of Rs 198. Buy Balrampur Chini for a target of Rs 380 with a stop loss of Rs 350. APURVA SHETH HEAD OF MARKET RESEARCH, SAMCO SECURITIESWhere is the Nifty headed this week? Nifty has formed a bearish engulfing candle on weekly charts. It has also breached the rising trendline drawn from October ’23 lows. The weekly RSI is also trending lower after forming a bearish divergence. All of these suggest bears are likely to remain in control. Bulls have some hopes if they are able to sustain above 21,900 levels. For the upward momentum to sustain, they must pull the Nifty above 22,200. What should investors do? Markets are at a crucial juncture right now. Overall, the breadth has weakened exceptionally and is in oversold territory. Thus, a bounce-back could be due in mid-cap and small-cap stocks. However, only fundamentally strong stocks might be able to recover. So, investors must not expect a broad-based rally any time soon. Stocks from sectors like FMCG, pharma and IT too could give you some protection. Traders can look for long-term opportunities in ITC, AU Bank and Kotak Bank in the coming week.

Mumbai: The decision by India's capital markets watchdog to exempt foreign portfolio investors (FPI) from additional disclosure requirements will ease their compliance burden where majority assets held by them are based in the country. The Securities and Exchange Board of India (Sebi) has exempted overseas funds, having more than 50% of their India equity assets under management in a single corporate group, in case the concentrated holdings of the funds are in a listed company with no identified promoter. "It will ease out compliance burdens in situations where majority assets held by FPI are based in India," said Tejveer Singh, senior advisor, PSL Advocates and SolicitorsSebi said FPIs would qualify for the exemption if they met two conditions.First, these FPI holds not more than 50% of India equity assets under management in the corporate group, after excluding its holding in the parent company with no identified promoter. Second, the composite holdings of all such FPIs, which hold more than the 50% concentration criteria and are not exempted, are less than 3% of their total equity share capital. Some securities lawyers said the relaxation could have been wider. "Ideally, the exemption should have been extended to several other categories of FPIs. For instance, FPIs owned by private equity (PE) funds, especially those managed by large listed PE firms, should have been part of this," said Pulkit Sukhramani, partner in securities laws litigation team at JSA. "FPIs holding shares in companies without promoters should be exempted regardless of the 3% threshold or corporate group requirements.""The framework on granular disclosures could have been thought through better. A number of FPIs are known to have approached Sebi for specific exemptions. The relaxation proposed is unlikely to address practical challenges which several FPIs are facing," Sukhramani said. Sebi has also relaxed the timelines for disclosure of material changes by FPIs. "FPIs were required to disclose material changes within 7 days which will now be 30 days in many cases and for others wherein it's still 7 days in such cases also additional documents could be provided in 30 days which will give them sufficient time as earlier 7 days was too narrow a window," Singh of PSL Advocates and Solicitors said.

The past quarter century has been seminal for India, which has been transformed from “an economy with promise” to being on the cusp of becoming the third largest one after the US and China, Satyan Gajwani, vice chairman, Times Internet, said in his welcome address at the ET Awards for Corporate Excellence 2023.“Today, we mark 25 years since the founding of the ET Awards,” he said. “Way back in 1998, when we launched this endeavour to celebrate the best of Indian business, the Sensex hovered around 4,000 points — it has grown 18 times and is about to touch 75,000.”Gajwani spoke about the remarkable growth of India’s stock markets, showcasing a news report from ET in 1998 quoting a survey result of 3,000 households that preferred selling their stocks rather than buying them.108569361“Look at how far we’ve come. Today, public markets are seeing record participation across all income levels, and retail investors are becoming savvier and more discerning. And even in our private markets, equity as a form of compensation is trusted, valued, and in many cases expected for our most competitive job opportunities,” he said. “I’m quite sure that if we went back 25 years, and had the AI simulation engines we have today, it could not have predicted what India has become... The confident, bold, ambitious, and unafraid nation that is becoming a leading global force.”Gajwani highlighted India’s burgeoning startup ecosystem, which has persuaded talent to stay in the country. “And most of all, the best and brightest of India no longer feel compelled to look beyond our borders for professional growth, seeing the potential to make a real impact here at home.”

President Vladimir Putin won a record post-Soviet landslide in Russia's election on Sunday, cementing his already tight grip on power in a victory he said showed Moscow had been right to stand up to the West and send its troops into Ukraine.Putin, a former KGB lieutenant colonel who first rose to power in 1999, made it clear that the result should send a message to the West that its leaders will have to reckon with an emboldened Russia, whether in war or in peace, for many more years to come.The outcome means Putin, 71, is set to embark on a new six-year term that will see him overtake Josef Stalin and become Russia's longest-serving leader for more than 200 years if he completes it.Putin won 87.8% of the vote, the highest ever result in Russia's post-Soviet history, according to an exit poll by pollster the Public Opinion Foundation (FOM). The Russian Public Opinion Research Centre (VCIOM) put Putin on 87%. First official results indicated the polls were accurate. The United States, Germany, the United Kingdom and other nations have said the vote was neither free nor fair due to the imprisonment of political opponents and censorship.Communist candidate Nikolai Kharitonov finished second with just under 4%, newcomer Vladislav Davankov third, and ultra-nationalist Leonid Slutsky fourth, partial results suggested.Putin told supporters in a victory speech in Moscow that he would prioritise resolving tasks associated with what he called Russia's "special military operation" in Ukraine and would strengthen the Russian military."We have many tasks ahead. But when we are consolidated - no matter who wants to intimidate us, suppress us - nobody has ever succeeded in history, they have not succeeded now, and they will not succeed ever in the future," said Putin.Supporters chanted "Putin, Putin, Putin" when he appeared on stage and "Russia, Russia, Russia" after he had delivered his acceptance speech.Inspired by opposition leader Alexei Navalny, who died in an Arctic prison last month, thousands of opponents protested at noon against Putin at polling stations inside Russia and abroad.Putin told reporters he regarded Russia's election as democratic and said the Navalny-inspired protest against him had had no effect on the election's outcome.In his first comments on his death, he also said that Navalny's passing had been a "sad event" and confirmed that he had been ready to do a prisoner swap involving the opposition politician.When asked by a NBC, a U.S. TV network, whether his re-election was democratic, Putin criticised the U.S. political and judicial systems."The whole world is laughing at what is happening (in the United States)," he said. "This is just a disaster, not a democracy.""...Is it democratic to use administrative resources to attack one of the candidates for the presidency of the United States, using the judiciary among other things?" he asked, making an apparent reference to four criminal cases against Republican candidate Donald Trump.The Russian election comes just over two years since Putin triggered the deadliest European conflict since World War Two by ordering the invasion of Ukraine.War has hung over the three-day election: Ukraine has repeatedly attacked oil refineries in Russia, shelled Russian regions and sought to pierce Russian borders with proxy forces - a move Putin said would not be left unpunished.Putin said Russia might need to create a buffer zone inside Ukraine to prevent such attacks in future.While Putin's re-election was not in doubt given his control over Russia and the absence of any real challengers, the former KGB spy had wanted to show he had the overwhelming support of Russians.Nationwide turnout was 74.22% at 1800 GMT when polls closed, election officials said, surpassing 2018 levels of 67.5%.There was no independent tally of how many of Russia's 114 million voters took part in the opposition demonstrations, amid tight security involving tens of thousands of police and security officials.Reuters journalists saw an increase in the flow of voters, especially younger people, at noon at polling stations in Moscow, St Petersburg and Yekaterinburg, with queues of several hundred people and even thousands.Some said they were protesting, though there were few outward signs to distinguish them from ordinary voters.At least 74 people were arrested on Sunday across Russia, according to OVD-Info, a group that monitors crackdowns on dissent.Over the previous two days, there were scattered incidents of protest as some Russians set fire to voting booths or poured green dye into ballot boxes. Opponents posted some pictures of ballots spoiled with slogans insulting Putin.But Navalny's death has left the opposition deprived of its most formidable leader, and other major opposition figures are abroad, in jail or dead.The West casts Putin as an autocrat and a killer. Ukrainian President Volodymyr Zelenskiy said on Sunday that Putin wanted to rule forever and that the vote had been illegitimate.Putin portrays the war as part of a centuries-old battle with a declining West that he says humiliated Russia after the Cold War by encroaching on Moscow's sphere of influence.Russia's election comes at what Western spy chiefs say is a crossroads for the Ukraine war and the wider West.Support for Ukraine is tangled in U.S. domestic politics ahead of the November presidential election.Though Kyiv recaptured territory after the invasion in 2022, Russian forces have made gains after a failed Ukrainian counter-offensive last year.