On the technical front, 9,550-9,570 spot levels are strong support zone for the Nifty and current trend is likely to continue towards 9,700-9,750 after some consolidation.
Mitessh Thakkar of miteshthacker.com recommends buying ICICI Prudential and Tata Steel.
Mitessh Thakkar of miteshthacker.com suggests buying Bharat Forge, NHPC and Caplin Point and has a sell on Ramco Cement below Rs 670.
The Nifty is trading in the range of 9580-9700 and we expect the market will trade in a range until index breaks on either side for next move.
Mitessh Thakkar of miteshthacker.com suggests buying Colgate Palmolive and ICICI Prudential Life Insurance.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Prudential, Sun TV Network and BEML.
Ashwani Gujral of ashwanigujral.com suggests buying DLF, ICICI Prudential and Edelweiss Financial.
Manish Gunwani of ICICI Prudential MF sees IT acquiring the characteristics of a utility stock, but remains overweight on pharma due to fading regulatory issues going forward.
The amount raised from mainboard IPO’s almost doubled in the financial year 2017 to Rs 28,211 crore, compared with Rs 14,500 crore raised in the FY16, and Rs 2,770 crore raised in FY15.
Thanks to the favourable demographics, Indian insurance sector is in a sweet spot and the markets should closely watch India's largest insurer LIC.
BHEL, Tata Steel, HUL, ONGC and M&M were top gainers while NTPC, GAIL, Hero MotoCorp,, Bharti Airtel and Adani Ports were losers in the Sensex.
However, S Naren, ICICI Pru believes demonetisation is near-term pain for long-term gain and does not expect February lows of 6900-7000 to be tested.
Besides, the exchange will conduct 'muhurat' trading session on account of Diwali Laxmi Pujan on October 30 from 1830 hrs to 1930 hrs.
IRDA chairman, TS Vijayan shares with CNBC-TV18 his views on concerns raised by insurance players on mandatory listing, IPO pipeline from insurance space, foreign inflows into the country and the regulatory changes that IRDA is gearing for.
The Nifty broke 8600 level to touch an intraday low of 8575 while the Sensex lost 555 points to trade below 28000.
Mayuresh Joshi of Angel Broking is positive on ICICI Bank.
ICICI Prudential Mutual Fund has been appointed by the government to manage the second CPSE exchange traded fund (ETF) comprising stocks of PSUs in the current fiscal with an estimated corpus of Rs 6,000 crore.
Nifty fell 0.37 percent to 8775.90 and Sensex dipped 0.39 percent to 28523.20.
ICICI Prudential Life Insurance's IPO, the first by an insurer in India, was subscribed 16 per cent on the first day of the offer today.
Some of the stocks that should be on your radar are: ICICI prudential, ICICI Bank, BF Utilities, United Breweries, YES Bank, State Bank of India, Future Retail, Heritage Foods, Defence stocks, Oberoi Realty, Sintex Industries.
The first public offer by an insurer in Indian market would open for bidding on September 19 and is scheduled to close on September 21, during which the stock would be offered in a price band of Rs 300-334 per share.
Nilesh Shah, the managing director at Kotak Mahindra AMC, believes that Bosch has a premium versus its peers and will continue to perform well on the bourses. He also narrates how he managed to sell off Satyam shares before they tanked.
The country's strong macro-economic fundamentals will help it withstand the Brexit fallout, India Inc said on Friday.
HDFC Life and Max Life entered into an agreement to evaluate the merger of their life businesses. Max Life is expected to be merged with Max Financial Services (MFS) and then MFS will be merged with HDFC Life.