Earnings growth, rising discretionary consumption, supportive policy measures, and evolving promoter and HNI allocations all point to a shift from caution to optimism.
Indian equities may open Samvat 2082 on a positive note during the Muhurat trading session on October 21
The five largest IPOs of the year -- Tata Capital (Rs 15,511.9 crore), HDB Financial Services (Rs 12,500 crore), LG Electronics India (Rs 11,604.7 crore), Hexaware Technologies (Rs 8,750 crore), and Ather Energy (Rs 2,980.8 crore) -- together accounted for 42% of total proceeds and absorbed nearly 44% of mutual fund investments.
Investors opted to book some profit after a strong rally driven by upbeat September quarter results.
Samvat 2082: From JK Lakshmi Cement’s solid gains to Bikaji’s festive crunch and Kansai Nerolac’s bright comeback - Asit C Mehta’s Siddarth Bhamre shares his Dhamakedar Diwali bets
Stock market today: Sensex, Nifty rose amid strong buying in heavyweight stocks. Buying in foreign fund inflows and easing crude oil prices lifted overall market sentiment.
Given the powerful rally with encouraging technical and momentum indicators, if the Nifty 50 decisively closes the bearish gap by surpassing 25,740, the upward journey toward 25,900–26,000 can’t be ruled out. However, 25,500 can act as immediate support, experts said.
Despite weak market breadth, the market is expected to remain bullish, supported by healthy momentum and strong technical indicators. Below are some short-term trading ideas to consider.
In the coming truncated week starting from October 20, the market sentiments are expected to remain positive despite intermittent volatility, with focus on more corporate earnings, further update related to India-US trade deal talks, US inflation, China's GDP numbers, and flash PMI data, experts said.
Experts believe that the Nifty 50 appears poised for a strong bull run. If it closes and sustains above the long bearish gap of October 3, 2024 (25,740), the first target to watch will be 26,000, followed by 26,200–26,300. This zone coincides with the record high of 26,277, last seen on September 27, 2023. On the downside, immediate support is placed at 25,500.
UltraTech’s incremental capacity of 22.8 MTPA is primarily targeted at northern and western India, after completing the consolidation in the Southern markets.
The week ahead will be a holiday-led truncated week due to Diwali. Investors are likely to remain cautious in view of the release of key economic data, such as US inflation, employment, and India’s PMI figures, says Vinod Nair, Head of Research, Geojit Investments.
The Indian rupee ended 72 paise higher at 87.97 per dollar on October 17 against the October 10 closing of 88.69.
Despite stake sale, Delhivery shares rallied 4.15 percent to Rs 465.35 with above-average volumes.
The Global Metals & Mining Index has crossed its 2008 highs — a key resistance level breached for the first time since 2022 — suggesting further upside in the sector.
For the year so far, FIIs have been net sellers of shares worth Rs 2.40 lakh crore, while DIIs have net bought shares worth Rs 6.02 lakh crore.
Data from PMS Bazaar indicates that Aequitas India Opportunities PMS led the one-month performance tables with a 9.3% gain, followed by Moat UpperCrust Wealth PMS, which rose 6.8% in the same period.
Companies that harness AI to improve efficiency and boost earnings could be a big wealth-creation theme in India, he said
Weekly derivative data suggested that the Nifty 50 is expected to remain in the 25,500–26,000 range in the upcoming sessions.
Stock Market Today: Sensex, Nifty turned volatile in the second half as weak global sentiment weighed on investor mood.
UltraTech Cement's Q2FY26 revenue is expected to see a healthy uptick, with eight brokerages projecting an increase to Rs 18,427 crore, up from Rs 15,635 crore in Q2FY25.
As Indian markets reset for Samvat 2082, Devarsh Vakil, Head of Prime Research at HDFC Securities, shares his top three 'Dhamakedar' stock ideas - MSTC, Northern Arc and Sheela Foam - poised to deliver high-risk, high-reward returns in the year ahead.
Stock Market Today: Sensex, Nifty gained as FIIs continued their buying for the second straight session on Thursday. Hopes of US Fed rate cuts also aided the positive sentiment.
According to experts, the Nifty 50 index is gradually expected to achieve its high (25,669) of the current year, followed by the 26,000 zone. However, support is placed at the 25,400–25,300 zone. Meanwhile, the Bank Nifty is very close to its record high (57,628).
The market trend remains positive, but consolidation cannot be ruled out after the sharp rally. Below are some short-term trading ideas to consider.