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US stock futures tumble indicating another plummet on Wall Street

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[hfe_template id='11223'] [ad_1] U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration's tariffs announcement last week. Investors had been anticipating another week of turbulence as global trading partners react to the harsher-than-expected tariffs. U.S. S&P 500 E-minis stock futures were last down 4%. Dow E-minis were down 3.8%, while Nasdaq 100 E-minis were down 4.6% at the open on Sunday. In the two days following Trump's Wednesday tariff announcement, the benchmark S&P 500 index fell 10.5% and lost about $5 trillion in market value. It was the biggest two-day loss since March 2020. Thursday and Friday's steep slide put the S&P 500 down more than 17% from its February 19 all-time closing high, and brought it closer to bear market territory, which is typically defined as a 20% decline. "The bull market is dead," ...

High F&O rollovers in these stocks signal contrarian bets

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[hfe_template id='11223'] [ad_1] A look at select stock futures contracts that have seen strong rollovers to the March series, and their near-term outlook. While Voltas, HDFC Bank and Coal India are witnessing a contrarian bullish trend, analysts see more weakness in MCX. Voltas CMP: Rs 1,322 Change in Open Interest in March Series:21% Change in Price in March Series: 0.71%After having dropped 32% from the all-time high, stock futures of the consumer goods manufacturer are seeing a bullish build-up. “The stock is now showing signs of a gradual recovery and has reclaimed its short-term moving average, the 20-day EMA (exponential moving average), in the last trading session. The indicators suggest that the ongoing recovery is likely to gain further strength,” said Ajit Mishra, senior vice president of research at Religare Broking. Mishra recommends buying Voltas March Futures in the range of Rs 1,295-1,305 with stop loss at Rs 1,240 for a potential target of Rs 1,425. HDFC...