Intraday Future

Money Maker Research News – Infosys shares fell 6% after Vishal Sikka resigned

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infosys shares fell

The BSE benchmark Sensex loses about 230 points and shares of Infosys plunged over 7% after Vishal Sikka resigned as MD and CEO of Infosys.

Meantime, U B Pravin Rao, the present Chief Operating Officer, was appointed as the Interim-MD and Chief Operating Officer of Infosys limited.

The markets also registered intense selling pressure in recent gainers. The Sensex plunged by 207.75 points or 0.65% to 31,587.711 led by IT, teck, bank, healthcare, metal, auto and realty, tumbling up to 2.43%.

Four stocks turn ex-dividend

The stock of Jubilant Food Works, L&T Fin Holdings, InterGlobe Aviation and Kaveri Seed were trading in the negative terrain during the early morning trade on Friday subsequent on their announcement of the dividend.

Nifty futures: The broadly traded instrument in the market

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Nifty futures are index futures wherein the underlying is the Standard & Poor (S&P) CNX Nifty index. In India, index futures trading began in 2000 on the NSE. The Nifty futures contracts are rooted in the popular benchmark Nifty-50 Index. Nifty futures have a high position in the Indian derivative world.   Nifty futures is the most largely traded instrument, whereby making it the large amount liquid contract in the derivative market.

In Nifty futures contracts, the standard lot size is 50 or its multiplies.  Resembling to other futures contracts, Nifty futures contracts also have a 3-months’ trading cycle i.e. the ‘near month’, ‘next month’ and the ‘far month’. To succeed in this trade, traders are to follow proper  ‘Nifty Future Tips’ or ‘Nifty Stock Option Tips’. The nifty future tips covers information of nifty market trends, nifty calls and the other factors related the trades.  Once you get acquainted with Nifty futures trading, you can be actively involved in the Nifty Futures trading. For this reason, Money Maker Research, the top market researcher provides intraday calls helping our customers to minimize the risks and also provide the traders the different strategies helping them to accomplish the nifty trade targets. It also provides Stock Option Tips, Call Put option tips, Stock cash tips and more.