According to the latest report by IMF, India is poised to grow at 7.4 percent in 2018 and 7.8 percent in 2019, making it the fastest growing economy among peers overtaking China.
If you do not understand the company or market sentiments, do not buy individual companies, but Invest in a mutual fund.
It is really about having the right asset mix in your portfolio that will not only be in alignment with your financial goals but also that caters to the various uncertainties that are looming large on the global economy.
The recent IL&FS fiasco and its adverse fallout on NBFC (non-banking financial companies) space is unlikely to reverse financial savings as a percentage of overall savings in India; it will continue to rise.
The announcement comes at a time when NBFCs and HFCs are suffering a confidence crisis due to growing fears of them not having enough cash to repay their debt
The Nifty is likely to consolidate within the range of 10,700 and 10,200. A decisive breakout on either side will confirm the future trend.
A few cues from the market in India and abroad that could help you with your trade today.
ICICI Securities, SBI Life Insurance Company, UltraTech Cement, and Bhansali Engineering Polymers are likely to be in focus on the back of their September quarter results announcements.
If the bulls fail to push the index above its immediate hurdle at 10,550-10,600 zones then profit booking may take it towards next support of 10,350 zones.
Experts have advised investors to not get rattled by volatility and continue to stay invested in high-quality names with steady balance sheets and management.
In an interview with Moneycontrol's Kshitij Anand, Dharmesh Kant speaks about his view on the currency, and stocks that he thinks are good bets
Rajeev Srivastava of Reliance Securities expects the Indian equity market to remain choppy and volatile in October
The market is shut today on account of Dussehra, which marks the victory of good over evil. The equity market tries to fight a similar battle every day, with good quality names eventually emerging victorious
Price set up at current juncture suggests that index may remain volatile as after the recovery of 500 points from recent swings lows, it is again finding hurdles at key resistance area, Taparia said
The upside remains open towards 10,650 – 10,700 but it will be too soon to take bullish call given the indicators are showing a weaker trend strength.
A look at cues from market in India and abroad to help you with your trade today.
Technically, Nifty has to continue to hold above 10,525 zones to extend its move towards 10650.
Option band signifies a broader trading band between 10,450 to 10,700 zones.
Nalin Shah of NVS Brokerage said on the domestic front, the uncertainty surrounding upcoming state elections and the government's inability to spruce up exports will continue to keep the rupee under pressure
This setup indicates that bears seem to have lost the dominance gradually and there could be a chance of a trend reversal for the short-term.
9 companies will declare their results for the September quarter which include names like Federal Bank, Hero MotoCorp, Infosys, Mahindra CIE, Shakti Pumps etc. among others.
India VIX moved up by 1.06 percent to 18.82 levels. Now VIX has to cool down below 17.50-17 zones to get the pace of buying interest in the market.
Based on above facts, one thing is clear, till the market is not crossing 11760, markets broadly would remain in a down trend and most likely to consolidate
But expects earnings recovery to cushion the impact; believes any correction in Maruti Suzuki to be a buying opportunity.
Continue with SIPs and do not indulge into panic selling based on news, writes Rahul Jain of Edelweiss