A look at top cues from domestic and international cues that could have a bearing on D-Street.
Foreign institutional investors (FIIs) sold shares worth Rs 43.74 crore on Thursday, while domestic institutional investors bought shares worth Rs 40.78 crore.
We believe that the worst is behind us and expect GDP growth to recover, albeit gradually.
Overall earnings season will also be closely watched due to the impact of GST that has been implemented with effect from July 1. The full impact of new tax system will be reflected in Q2 earnings.
We approach the market for the next 12 months with caution. The same reasons which led to the improvement in cash flows and cost of capital to start deteriorating, Ganeshram Jayaraman, SPARK Capital Advisor, said in an exclusive interview with Kshitij Anand of Moneycontrol.
This has become quite peculiar nature of Nifty where the heavyweights come to the rescue when the major banking index comes under pressure.
The economy has started witnessing uptick as witnessed from the latest service sector activity, auto sales numbers, as well as bid pipeline for government projects, should support markets, Teena Virmani, Vice President-PCG Research at Kotak Securities, said in an exclusive interview with Kshitij Anand of Moneycontrol.
According to Geojit Research, the top Diwali 2017 picks include names like Yes Bank, KNR Constructions, NBCC, Aurobindo Pharma, Tata Motors, JK Lakshmi Cement, Aarti Industries, Bharat Electronics and UPL.
Nirmal Bang Retail Research has picked top stocks for Diwali 2017 including Control Print, Minda Corp, Rane Brake, S Chand and Company, Shemaroo Entertainment Ltd and Tata Global Beverage as its top Diwali picks.
The Dow Jones Industrial Average rose 165.59 points, or 0.71 percent, to end at 23,328.63, the S&P 500 gained 13.11 points, or 0.51 percent, to 2,575.21 and the Nasdaq Composite added 23.99 points, or 0.36 percent, to 6,629.05.
Prakarsh Gagdani. Chief Executive Officer of IIFL Group subsidiary 5Paisa Capital, is optimistic about the market.
Benchmark indices which rose to record highs in the run-up to Diwali may consolidate before inching higher, suggest experts.
The Dow Jones Industrial Average fell 3.37 points, or 0.01 percent, to 23,154.23, the S&P 500 lost 0.68 points, or 0.03 percent, to 2,560.58 and the Nasdaq Composite dropped 23.57 points, or 0.36 percent, to 6,600.65.
The founders of Nova Dhruva, which is the newest investment bank, Dinesh Kanabar, Chairman and Sunil Sanghai, Founder & CEO spoke about their future strategies in Big Deal.
Investors have been anxious to hear who President Donald Trump will pick as the nominee. A decision like Powell would likely be a continuation of the current stock market-friendly monetary policy that has helped fuel the market's more than eight-year bull run.
ICICI Bank, Kotak Mahindra Bank, Bank of Baroda, HDFC Bank and Axis Bank were down 1-2 percent.
The stock rallied 5 percent to close at Rs 6.17 on the BSE on Thursday. It surged 53.5 percent in six straight sessions, especially after its deal with Bharti Airtel for sale of consumer telecom business.
Earnings have to improve if it gets a boost from the government by way of the stimulus package, or disinvestment by the government. Investors have to watch out of macro data such as macro numbers.
September quarter earnings will be closely watched from hereon, especially banks after sharp rise in Axis Bank's slippages, said experts who remain bullish on the market with long term perspective.
Suri is very bullish on markets for the next 3-4 years. He sees tremendous opportunity in the metals sector. The sector rose 44 percent so far in the Samvat 2073.
Watch the interview of Mrugank M Paranjape MD & CEO MCX, Samir Shah MD & CEO, NCDEX, Kunal Shah Nirmal Bang Commodities, Shekhar Bhandari Kotak Mahindra Bank and Sanjay B Jumaani Astro Numerologist with Manisha Gupta on CNBC-TV18, in which they shared their outlook on Samvat 2074 for commodities.
Bharti Airtel rallied 21 percent in October month so far.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bank of Baroda and State Bank of India; and can buy Century Textiles and Mahanagar Gas.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Biocon, Cipla, HCL Technologies and LIC Housing Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers, Jaiprakash Associates and Hindustan Copper.