Stocks to watch, 16 October: Stocks like Axis Bank, HDFC Life Insurance Company, L&T Finance, HDB Financial Services, Oberoi Realty,Delta Corp, Angel One, KEI Industries, Bharat Electronics, Hero MotoCorp, Jyoti Structures, KEC International, Indian Energy Exchange, and Rubicon Research will be in focus on October 16.
The central bank is unwilling to let the currency breach its record low of 88.8050 per dollar level anytime soon, the person said.
The Foreign Institutional Investors (FIIs) extended their selling on second day on October 14 as they sold equities over Rs 1500 crore, while Domestic Institutional Investors (DIIs) purchased equities of Rs 3661 crore on the same day.
Sonam Srivastava of Wright Research PMS believes India’s digital and internet ecosystem is in a structural upcycle, supported by profitability improvements, expanding user bases, and formalization-driven growth.
Stocks to watch, 15 October: Stocks like Tech Mahindra, Persistent Systems, ICICI Lombard General Insurance Company, Cyient DLM, Thyrocare Technologies, Kolte-Patil Developers, Sula Vineyards, Ashiana Housing, Keystone Realtors, Saatvik Green Energy, Mishra Dhatu Nigam, G R Infraprojects, and Hyundai Motor India will be in focus on October 15.
Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand.
The data centre space is buzzing, and it looks like it’ll offer some solid opportunities over the next year, said Puneet Sharma of Whitespace Alpha, AIF.
Stocks to watch, 14 October: Stocks like HCL Technologies, Just Dial, Anand Rathi Wealth, Landmark Cars, RBL Bank, KEC International, Lodha Developers, KFin Technologies, Oil India, Anant Raj, JD Cables, Highway Infrastructure, Tata Motors, and LG Electronics will be in focus on October 14.
Morgan Stanley said that India's households wealth held in gold is estimated at US$ 3.8 trillion, or 88.8% of GDP. 'This is providing a positive wealth effect, even as benign macro stability ensures that flow of gold demand remains range bound,' it said.
Nifty breaks above 20-week average, signaling momentum, but past reversals and rising swing indicator suggest potential pullback amid looming negative divergence and cautious sentiment
Asian stocks got off to a rocky start on Monday after fresh broadsides in the U.S.-China trade war spooked markets with already stretched valuations, though there were signs risk sentiment had steadied with Wall Street futures bouncing.
If the US President Trump decides to cut India's tariffs from 50 percent to 10-25 percent, that could be a boost for the market, said Venkatesh Balasubramaniam.
A lean breakout on the upside will happen only after Nifty takes out 25,600 with a thrust and stays above that. On the downside, the 24,850-24,950 zone is a crucial support area. A clear trend would emerge only above or below the mentioned levels,Milan Vaishnav said.
Stocks to Watch, 13 October: Stocks like Avenue Supermarts, Waaree Renewable Technologies, Signature Global India, Phoenix Mills, Lupin, Mahindra Lifespace Developers, Hindustan Construction Company, Travel Food Services, NTPC Green Energy, Zen Technologies, Axis Bank, Computer Age Management Services,and Tata Capital will be in focus on October 13.
In the coming week, the market is expected to see some volatility, at least in the upcoming couple of sessions due to a fresh US-China trade tariff war and if that escalates significantly then bears may get strong hold over the market.
China and United States are increasingly weaponizing trade tariffs as tools for geopolitical dominance, said Ashwini Shami of OmniScience Capital.
While the undertone remains positive, investors should keep an eye on global developments, as renewed tariff tensions between the US and China could inject short-term volatility into the otherwise festive rally, Sudeep Shah advised.
Commodities markets will closely monitor developments on the US-China trade front, especially after Trump threatened to withdraw from a planned meeting with Chinese President Xi Jinping at a summit in South Korea later this month.
For the week, the BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.
Market sentiment suggests the worst may be behind, said Chakri Lokapriya of LGT Wealth India.
Silver rate today: Check the latest prices of 10 grams of 22 carat and 24 carat silver in major cities of the country on October 10.
The rupee was last at 85.7 as of 10:45 a.m. on Friday, up 0.1% on the day and holding above its all-time low of 88.8 set last week
The buying from FIIs continued on third consecutive session on October 9 as they bought equities of Rs 1,308 crore, while DIIs bought equities of Rs 864 crore on the same day
Sandeep Bagla expects the demand to sustain in multiple sectors which are dependent on the domestic consumption recovery, including autos.
Stocks to Watch, 10 October: Tata Consultancy Services, Tata Elxsi, 5Paisa Capital, ICICI Prudential Life Insurance Company, Afcons Infrastructure, Lloyds Engineering Works, NTPC Green Energy, RailTel Corporation of India, Natco Pharma, TechEra Engineering, and WeWork India Management will be in focus on October 10.