Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- CESC, 5Paisa, Suzlon Energy, Adani Enterprises, Wonderla Holidays, Automotive Axles, and Westlife Development.
Watch the interview of Navneet Damani of Motilal Oswal Commodities with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities markets.
Brent crude futures, the international benchmark for oil prices, were at $61.98 per barrel at 0438 GMT, 11 cents above their last close.
The Indian market has been moving higher largely on hope for the last 6-9 months, but now fundamentals are beginning to give away their sheen which could mean more trouble for the Indian market in the short term.
“Our view is that this sector will stop disappointing expectations. Valuations are reasonable now,” Gautam Chhaochharia, Head of India Research at UBS Securities told CNBC-TV18.
The market breadth was in favour of the advances on Thursday morning with 1004 stocks advancing as against 572 declines. On the other hand, 1219 stocks advanced and 691 stocks declined on the BSE.
India’s largest lender by market capitalisation, HDFC Bank had requested the government to declassify HDFC, and the government, in turn, wrote to RBI seeking its opinion on the matter, CNBC-TV18 reported.
Religare Enterprises added another 10 percent today, on top of 10 percent rally seen in previous session.
We expect the USD-INR to trade in a range of 65.20-65.50 for the day, says Mohan Shenoi of Kotak Mahindra Bank.
It will be a zero weightage day on November 17, 2017, and you will get an indication about the same today. Ganesha feels that the market will relax a little bit today. Remain alert today, as the conjunction of four planets Sun-Venus-Jupiter-Moon will confuse both, you and the market, says Ganesha.
We have witnessed strong call unwinding and fresh short built up in the index as results index touched 10100 levels and recommend investors to keep a more stock specific approach rather than focusing too much on the index. We also recommend investors to use every rise in the market as shorting opportunity until trading below 10230, said Rohit Singre of Bonanza Portfolio.
Currently, the daily FPI net investment data and the FPI Assets Under Custody (AUC) data are disseminated by the depositories (NSDL and CDSL) for equity and debt markets.
As per the SEBI order, more than 21.9 lakh investors are believed to have invested in these schemes as per the latest available records.
A quick check on what could trigger the markets today.
We expect the 10-year benchmark bond yield to trade in a range of 7.01-7.04 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.
Spot gold was nearly unchanged at $1,278.06 per ounce at 1255 GMT. On Wednesday, gold touched a session high of $1,289.09, a peak since Oct. 20, before paring gains and ending the session about 0.2 percent lower due to a stronger dollar.
Brent crude futures , the international benchmark for oil prices, were at $61.89 per barrel at 0100 GMT, 2 cents above their last close.
If you have been short may be you would just want to take your stop loss now to around 10,200 and see if this market still has legs to go as far as the short side is concern.
The Euro BS-VI norms will now kick in effective from April 1st, 2018 rather than the original schedule of April 01, 2020.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the Nifty is still weak and if it continues down then the next logical target would be 9994 but the setup is such that a jab down is likely to bring in a violent bounce back. The crucial support for the Nifty is at 9994 and the resistance is at 10175-10270. Bank Nifty on the other hand has support at 25100 and resistance at 25400.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
Ashok Leyland, Bharat Forge, Bajaj Finance are on the radar of Geojit Financial Services
The Dow Jones Industrial Average fell 138.19 points, or 0.59 percent, to close at 23,271.28 and the Nasdaq Composite dropped 31.66 points, or 0.47 percent, to 6,706.21.
MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent in early trade, while Australian stocks were a fraction weaker. Japan's Nikkei dithered either side of flat, while EMini futures for the S&P 500 eased 0.03 percent.
SEBI chairman Ajay Tyagi on Wednesday called for bringing more farmers into the futures trading by linking them with commodity exchanges.