Namo eWaste Management shares rallied more than 12 percent to finish the session at Rs 215.25, while Sahasra Electronic Solutions surged over 15 percent to Rs 350, extending their upward journey for the fourth consecutive session.
Now, the Nifty 50 needs to reclaim and sustain above 25,900 for a further upward move toward the 26,000–26,100 hurdle. However, 25,700 is expected to act as a support level, according to experts.
For the year so far, FIIs have been net sellers of shares worth Rs 2.49 lakh crore, while DIIs have net bought shares worth Rs 6.58 lakh crore.
The weekly options data suggested that the Nifty 50 is likely to trade within the 25,500–26,000 range in the short term.
PMS assets have exceeded Rs 40 lakh crore, but they are concentrated among a few large players, the association said, adding that operational friction is a key bottleneck despite the investor appetite.
The new suite of tools is expected to significantly enhance CAMS’ scale of operations, compliance automation and efficiency across the mutual fund ecosystem.
Optimism over a possible India-US trade deal and easing concerns about the US government shutdown also supported market momentum.
Sustaining above 25,670 zone can drive the Nifty 50 toward 25,800 (the previous week’s high), as above it, 26,000 is the level to watch, while support is placed at 25,500–25,450 in the short term, experts said.
The market is likely to stay in positive terrain with improving sentiment. Below are some short-term trading ideas to consider.
If the Nifty 50 sustains above 25,670 level and decisively clears the 25,800 hurdle, 26,000 is the level to watch in the upcoming sessions. However, on the lower side, 25,500–25,450 is expected to act as immediate support, according to experts.
Ambit Asset Management’s latest note says climate shocks are increasingly shaping balance sheets. This puts climate-sensitive sectors under review - autos, FMCG, agri-inputs and cement.
Even as benchmark indices hit record highs, ASK Investment Managers flags that just 26 stocks drove 60% of the BSE 500’s Rs18-trillion gain in October — a sign that the market’s leadership is thinning out despite the bullish sentiment.
HFCL shares rallied 5.5 percent to Rs 78.3 on Tuesday and reached to the upper Bollinger band with long bullish candle formation.
For the year so far, FIIs have been net sellers of shares worth Rs 2.47 lakh crore, while DIIs have net bought shares worth Rs 6.52 lakh crore.
Capillary Technologies' Rs 877-crore IPO opens on November 14
Today's market action indicated strong buying interest at lower levels and a continuation of upside momentum amidst high volatility.
The newly introduced Specialised Investment Fund (SIF) category saw the launch of four strategies in October and marked its debut with net inflows of Rs 2,004 crore.
The proposed fund, structured under Category III, will cater to domestic and NRI investors initially, said Ved, adding that the aim is to balance directional equity exposure with hedging mechanisms to generate steadier returns across cycles.
SIP assets under management (AUM) now stand at approximately Rs 16.25 lakh crore, representing about 20.3 percent of the overall mutual fund industry’s AUM.
In the equity category, Roshi Jain of HDFC AMC posted an 8 percent AUM increase, while Rajeev Thakkar of PPFAS recorded a 7 percent rise, making them the strongest equity performers by growth rate.
Stock market today: Sensex, Nifty recovery was driven by hopes of progress in India-US trade discussions and expectations of an end to the US government shutdown.
Stock market today: Sensex, Nifty see profit booking on liquidity concerns amid a busy primary market and FII selling.
If the Nifty 50 manages to defend the immediate support of 25,500 in the upcoming sessions, a gradual rally toward 25,700–25,800 can’t be ruled out, followed by 26,000 being a key resistance area. However, crucial support is placed at 25,300.
The market is expected to remain within the previous week’s range. Below are some short-term trading ideas to consider.
Shares of Kaynes Technology rallied 4.13 percent to Rs 6,482 after a sharp fall in the previous couple of sessions.