Morning Trade

Live: TCS Vs Infosys: Decoding the Q3 report card; HCL Tech, Wipro earnings today| Nykaa in focus

Nifty 50 managed to defend the 21,600 mark amid rangebound trade even though saw higher high, higher low formation. Hence, broadly, the index is likely to remain rangebound until it trades below 21,725-21,750 levels, with support at 21,500 mark and if it surpasses the said resistance then record high 21,834 can't be ruled out, experts said. On January 11, the BSE Sensex advanced 63.5 points to 71,721, while the Nifty 50 was up 28.5 points at 21,647. India VIX, the fear index, dropped further, by 1.07 percent to 12.77 levels, which made the bulls comfortable. This morning global cues are mixed with Wall Street ending largely flat post hotter than expected December CPI data. Japan’s Nikkei hits a fresh high but the GIFT Nifty indicates a flattish start for the Indian market This morning Infosys & TCS will be in focus post their quarterly numbers. Both the industry leaders signal a better than expected start for the IT sector amid a seasonally weak quarter. HCL Tech and Wipro will be handing in their report cards today. Also among other stocks in focus today are Nykaa & LIC. Catch Nandita Khemka in conversation with Aishvarya Dadheech, Founder & CIO, Fident Asset Management and Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher

Live: Tech giants brace for weak earnings; TCS & Infosys Q3 today| SpiceJet, Phoenix Mills in focus

Indian equity benchmarks saw a sharp recovery from day's low and is consistently holding above the 21,500 mark on a closing basis Experts say the Nifty 50 may see northward journey towards the hurdle of 21,700-21,850 area in coming sessions, but overall, the index still has been in the range of 300-400 points since the starting of the current month. On January 10, the BSE Sensex jumped 272 points to 71,658, while the Nifty 50 was up 74 points at 21,619. The fear index India VIX dropped further, down by 2.2 percent to 12.97 levels. This morning global cues are fairly upbeat with Wall Street clocking in gains ahead of U.S. CPI data due later today. The GIFT Nifty is hinting at a good start above the 21,700 mark for the Nifty. Meanwhile, Q3 earnings season kicks off today with TCS and Infosys handing in their quarterly report card. What are the expectations and what should one watch out from the management commentary? Also among stocks in focus today are OMCs, SpiceJet and Phoenix Mills. Catch Nandita Khemka in conversation with Sumit Pokharna—Research analyst, Kotak Securities and Kush Bohra, Founder, kushbohra.com.

Live: 21500 key support for Nifty; Will banks continue to play spoilsport? Howler Q3 for Delta Corp

The market seems to be struggling hard to hold 21,500 mark, the immediate support level as bears made several attempts in the recent past to break the said support but bulls strongly resisted and helped the Nifty 50 close above the same mark. Hence, as long as the index holds the said support, the rangebound trade is expected to continue with resistance at 21,750-21,850 levels, experts said, adding if the index breaks 21,500, then possibly there may be strong action from bears. On January 9, the benchmark indices had a strong opening after a day of correction but erased most of gains in last hour of trade and finally settled with moderate gains due to profit taking at higher levels. Overall, the indices traded within the previous day's range. The BSE Sensex was up 31 points at 71,386, while the Nifty 50 gained 32 points at 21,545. The market breadth was slightly tilted in favour of bulls as about 1,198 equity shares advanced against 965 declining shares on the NSE. This morning global cues are weak with Wall Street clocking in mixed close and Gift Nifty hinting at a negative start. Also among stocks in focus today are among others. We also put the spotlight on stocks like Delta Corp, SpiceJet & Polycab among others. Catch Nandita Khemka in conversation with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research and Sanjay Agarwal, Senior Director and Head BFSI, Care Ratings.

Live: Can Nifty defend 21,500 support? | FMCG stocks out of favour now? Bajaj Auto, Zee in focus

Indian equity market fell nearly a percent and again reached the crucial support of the 21,500 mark while breaking the 10-day EMA (exponential moving average of 21,569) within a week. Overall, it still seems to be in the range of 21,500-21,850, but in case of breaking the said support, the 21,350-21,300 zone will be key to watch out for on the downside, while on the higher side, the 21,800-21,850 zone will remain a the hurdle, said experts. On January 8, the BSE Sensex plunged 671 points to 71,355, while the Nifty 50 dropped 198 points to 21,513. The volatility also increased sharply, making the bulls uncomfortable at Dalal Street. The India VIX jumped 7.06 percent to 13.46, from 12.63 levels. The broader markets were also under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 1 percent and 0.6 percent, respectively. This morning, however, global cues are supportive with Wall Street clocking a smart rebound led by tech stocks and Asian markets kicking off the day on a positive note. The GIFT Nifty is hinting at a start above the 21,700 mark today. Also among stocks in focus today are Bajaj Auto and Zee among others. We also put the spotlight on FMCG stocks after Q3 business updates point to flat sales. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, VP- Research-Derivatives And Technicals, TradeBulls Securities and Kaustubh Pawaskar, Deputy VP - Fundamental Research, Sharekhan by BNP Paribas.

Live: Stocks may tread water ahead of Infosys, TCS Q3| RIL, Tata Steel, Titan & Marico in focus

Indian equity benchmarks clocked mild losses amid extreme volatility in the first week of 2024. After a flat close for markets in the week gone by, a slew of important factors including the start of Q3 earnings season, inflation numbers and stock-specific triggers are set to dictate the mood in the new trading week. Amid this, investors will eye Nifty's move towards the 22,000 mark after having hit a new high of 21,834. For the week ended January 5, the Nifty ended 0.1 percent lower at 21,710 while Sensex ended 0.3 percent lower at 72,026. Within sectors, Nifty Realty (up 7.8%) and Nifty Media (up 3.3%) were the top gainers while IT (down 1.9%) and Metal (down 1.3%) were the top losers. The broader market sustained its outperformance for the second straight week. Nifty Midcap 100 gained 2.5 percent while Nifty Smallcap 100 gained 1.9 percent. However, analysts believe that investors must stay cautious ahead of results season and persisting uncertainties in the Red Sea. This morning global cues are fairly muted with Wall Street snapping a 9-week winning streak amid better than expected US jobs data. GIFT Nifty indicates a muted open but positive start for the Indian market. Also among stocks in focus today, we put the spotlight on Tech giants like TCS and Infosys ahead if Q3 earnings and stocks like Titan, Tata Steel and Marico post their Q3 business updates. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior VP - Research - Technical & Derivatives, Axis Securities and Siddhartha Khemka, Head of Retail Research - Broking & Distribution, MOFSL

Live: Nifty to target record high again? | Grasim & Dabur in focus | Morning Trade

Are we in the midst of a price-wise correction? After 2 days of selling, Nifty managed to bounceback proving that there might be more steam left. The clear outperformer is the midcap index that crossed the 47,000 levels for the 2nd straigh day. But as we enter into corporate earnings season, will shareholders be rewarded? Among the stocks in focus today, included Grasim, Sobha developers, power fincorp and others. Stacy Pereira discusses these stocks & strategies with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer & Kranthi Bathini - Equity strategist at WealthMills securities pvt ltd

Live: Nifty's make-or-break moment | FOMC minutes in focus |Morning Trade

Consistent correction is what the techincal charts are indicating for benchmark Indian indices. Market could also react to minutes of Fed's Dec meeting taking cues from wall street. Has an uncertain future on rate cuts made investors rethink in the short-term? Among stocks in focus will be Vedanta after getting bond holders approved for its restructuring plan, Jio FInancial services as it awaits SEBI's approval for a Mutual Fund Licence and Maruti who's subsidiary SMG has recieved a tax order from Gujarat GST Dept. Stacy Pereira discusses this Jay Patel, Research Head at Investmentor Securities & Ashutosh Sharma, Head of Forrester Research India

Morning Trade: More downward moves for Nifty? Adani Group stocks in focus

Indian equity market is likely to consolidate further with a negative bias in coming sessions. Market closed In the red but off lows, with Nifty holding on to 21,600 in the previous session. Even the Nifty Bank slipped 521 points to close below those 48,000 levels. But it was the Pharma Stocks which saw buying amid market volatility, Nifty Pharma at record high. Should buy on dips be the strategy? Among stocks in focus today will be the many companies coming out with thier Q3 business updates- Avenue Supermart & V-Mart among them. Also Sudarshan Pharma, Shyam Metallic will be on our radar. Watch Morning Trade as Stacy Pereira discusses top strategies answers your stock queries with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities Pvt Ltd and Aishvarya Dadheech-- Founder & CIO, Fident Asset Manegement

Live: Markets await next big trigger | LIC & Eicher Motors in focus | Morning Trade

Benchmark indices hit a new high on Jan 1, but failed to sustain those higher levels due to profit taking and finally ended flat but with positive bias. How much longer should one wait, before the next rally and what could be the possible triggers for this? Macro cues in terms of Auto sales data and GST collection for December is positive, what other factors could give markets a push? Stacy Pereira speaks with Sacchitanand Uttekar Vice President- Research (Derivatives And Technicals) At TradeBulls Securities Pvt. Ltd and Mayuresh Joshi--Head of Equity Research, William O’Neil India on their take on the market. Watch Now

Live: Indian equity market to start 2024 on a high? | Sectors & themes to bet on

As we enter the new year 2024, hopes run high that the market will continue to rally this year too, extending its winning streak.Nifty 50 gave a 19 percent return in 2023, ending at 21,731. It also hit an all-time high of 21,801 during the year. But can this momentum continue or will the index consolidate before rising further? According to MC Market POll analyst see, Nifty in the range of 23,000 to 25,000 by the end of 2024. So which sectors and themes should one be looking at? Moneycontrol's Stacy Pereira asks Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities Limited & Trideep Bhattacharya- Chief Investment Officer – Equities, Edelweiss AMC on the 1st trading day of the year

Live: Nifty knocking at 22k on last trading day of 2023| Federal bank in focus| Innova captab lists

Indian equity market hit a fresh record high on December 28, the expiry day for December futures & options contracts, and continued uptrend for five days in a row with strong volumes. Hence, experts expect the ongoing momentum, especially seen after the recent consolidation breakout, to sustain in the coming days with the Nifty 50 aiming for the psychological 22,000 mark, while the 21,700-21,500 may act as a support zone at the beginning of the January series. In addition, the index continued higher highs, and higher lows formation four days in a row with the gap up opening in the last two trading days. On December 28, the BSE Sensex jumped 372 points to 72,410, while the Nifty 50 rose 124 points to 21,779. The broader markets also performed in line with benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 0.6 percent and 0.8 percent respectively, while the India VIX retreated a bit after a sharp jump in the previous two days, falling 2.7 percent to the 15.14 levels. This morning global cues are positive with S&P 500 approaching record levels and the GIFT Nifty signalling higher highs and a start above the 21,900 mark. Will Nifty make a dash at 22,000 on the last trading day of 2023. Also among stocks in focus today, we put the spotlight on Federal bank, RBL Bank, PNB among others. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Sahil Kapoor, Head-Products & Market Strategist, DSP Mutual Fund.

Live: Can Nifty conquer mount 22,000 and end the year in style? Outlook 2024 with Andrew Holland

Indian equity market is expected to maintain its bullish run given the significant consolidation breakout ahead of the monthly expiry of derivative contracts on December 28. The Nifty 50 is likely to face immediate resistance at 21,700-21,800 levels, followed by the 22,000 mark, considering the higher highs, higher lows formation and positive momentum indicators, while the 21,500, which acted as a resistance, is expected to be support for the index, experts said. On December 27, the benchmark indices ended at fresh record closing highs. The BSE Sensex climbed above the 72,000 mark for the first time, rising 702 points to 72,038, while the Nifty 50 surged 214 points to 21,655. Meanwhile, the volatility jumped to the highest level since March 20 this year, which experts feel may make the trend unfavourable for bulls. The India VIX rose 6% to 15.56 levels. This morning global cues are positive with Wall Street poised to clock its ninth-straight winning week and the GIFT Nifty hinting at a fresh high above the 21,700 mark. Also among stocks in focus today, we put the spotlight on Canara Bank, NTPC, Zomato and LIC among others. Watch out for Sachin Tendulkar-backed Azad Engineering, that makes its stock market debut today. Catch Nandita Khemka in conversation with Andrew Holland-- Chief Executive Officer, Avendus Capital Public Markets Alternate Strategies LLP and Osho Krishan, Senior Analyst - Technical & Derivative Research, Angel One.

Live: Will Nifty march ahead despite surge in volatility? Outlook on FMCG for 2024 | Zydus in focus

Indian equity market is expected to remain rangebound with a positive bias with the Nifty 50 facing hurdle at 21,500-21,600 on the higher side, and taking support at 21,200-21,000 levels in coming sessions, while the volume is expected to be low given the holiday period, experts said. The benchmark indices continued upward momentum for three days in a row. On December 26, the BSE Sensex climbed 230 points to 71,337, while the Nifty 50 was up 92 points at 21,441 and formed bullish candlestick pattern on the daily charts with higher highs, higher low formation for yet another session. The India VIX, known as the fear indicator, rose over 7% to 14.68, giving some discomfort to the bulls. This morning global cues are upbeat with Wall Street inching towards record high and Asian markets in fine fettle. The GIFT Nifty is signaling a start above the 21,500 mark. Also among stocks in focus today, we put the spotlight on Zydus Health, AB Capital, Hero Moto & Adani Green among others. Catch Nandita Khemka in conversation with Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher and Preeyam Tolia, Senior Research Analyst, FMCG, Axis Securities.

Live: Nifty, Sensex brace for choppy ride in the last week of 2023; Infosys, Paytm, & Auto in focus

Indian equity market is expected to be rangebound in the last week of the 2023 with Nifty 50 facing resistance in the zone of 21,500-21,600, and taking immediate support at 21,300-21,200 levels. Clearance of 21,600 decisively can take the index towards 21,800 levels, while the breaking of the said support can drag it towards 21,000 levels, experts said. On December 22, the benchmark indices extended gains for second consecutive session after sharp fall in middle of the week. The BSE Sensex rallied 242 points to 71,107, while the Nifty 50 jumped 94 points to 21,349. The broader markets also traded higher with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7 percent and 1 percent respectively. This morning global cues are largely muted with Asian markets subdued in early and absence of cues from Wall Street. But US stocks clocked an eighth straight week of gains as inflation cools further. The GIFT Nifty is indicating a higher start for the Indian market. Also among stocks in focus today, we put the spotlight on Infosys, Paytm & Aurobindo Pharma among others. Catch Nandita Khemka in conversation with market expert Ambareesh Baliga and Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals) at TradeBulls Securities.

Live: Will Nifty extend winning streak for eighth straight week? Zomato, LIC in the spotlight

Indian equity market rebounded smartly and held on to the psychological 21,000 mark at close on December 21. Going ahead, the current ongoing consolidation is expected to continue with near term support at around 21,000 as if the index closes below the same then sharp correction can be seen, while on the higher side, 21,593, the record high, is likely to be key hurdle as the decisive crossing of the same can start another leg of rally, experts said. The broader markets have also seen a rebound after more than 3 percent correction in previous session. The Nifty Midcap 100 and Smallcap 100 indices gained 1.7 percent and 1.9 percent respectively. This morning global cues are positive with Wall Street on track for 8th weekly gain and GIFT Nifty hinting at a higher start for the Indian market. Also among stocks in focus today, we put the spotlight on Zomato, LIC, Bata India among others. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Mithun Aswath, Managing Partner, Kivah Advisors.

Live: Market crash – healthy correction or cause for worry? How to navigate the midcap selloff?

Indian equity market finally caught into the much-awaited major profit booking and lost more than 400 points from its record high touched in the morning session on December 20 despite the positive mood at global counterparts. The Nifty50 is likely to take support at around the psychological 21,000 mark in the profit booking, and 20,800 is expected to be a crucial support area, whereas it may face resistance at the 21,200-21,400 zone and 21,600 seems to be the top for the time being, expert said, adding overall, the market sentiment is still positive and remained consolidative unless it decisively breaks 20-day EMA (exponential moving average which is nearly 400 points away from Wednesday's closing). On December 20, the BSE Sensex fell 931 points or 1.3 percent to 70,506, while the Nifty50 tanked 303 points or 1.4 percent. The broader markets hit badly with negative breadth. The Nifty Midcap 100 and Smallcap 100 indices corrected 3.3 percent and 3.6 percent, respectively. The fear index, India VIX also jumped further, rising 4.20 percent to 14.45, from 13.87 levels, which made the bulls uncomfortable at higher levels. This morning global cues are downbeat with Wall Street clocking its worst session since September. But the GIFT Nifty is hinting at a muted start. Also among stocks in focus today, we put the spotlight on railway stocks, Zee and defence stocks among others. Catch Nandita Khemka in conversation with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research and Market expert Ajay Bagga.

Live: RBI cracks whip on lenders investing in AIFs – what it means| Blackstone to exit embassy REIT

The Nifty 50 surpassed the much-awaited 21,500 mark for the first time on December 19, but could not sustain above the same. This is expected to remain as a key resistance area for the index going forward as sustaining above the same can be a start for another leg of upward momentum in coming sessions, below the same consolidation can be seen and 22,300-22,200 can remain good support for the index, experts said. On December 19, the rebound in the afternoon after correction in the morning session helped the market close moderately higher. The BSE Sensex rose 122 points to 71,437, while the Nifty 50 advanced 34 points to 21,453. This morning global cues are extremely positive with Dow clocking a ninth straight day of gains and Asian markets edging higher in trade. The GIFT Nifty is hinting at a gap up start and a fresh high above the 21,600 mark. Also among stocks in focus today, we put the spotlight on Embassy REIT, Nippon AMC, Astral, Varun Beverages among others. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities and Kunal Valia, Founder of Stat Lane.

Live: Will bulls resume upward march after a day-long break? Can SpiceJet revive Go First?

After a sharp rally in the previous couple of sessions, it was a lackluster trade for the Indian market on December 18. However, the index being near its record high and maintaining its previous day's closing low, it seems that the momentum still lies with the bulls. Hence, experts see some more consolidation in the coming days, before the market gets into a strong mood with the resistance at 21,500 and support at 21,200 levels. On December 18, the benchmark indices retreated a bit with the BSE Sensex falling 169 points to 71,315, while the Nifty50 declining 38 points to 21,419. The India VIX, the fear index jumped to the highest level in the current financial year, making the bulls a bit uncomfortable. The VIX rose by 5.88 percent to 13.90 levels. This morning global cues are mixed with Wall Street notching overnight gains and Asian markets fixed ahead of BoJ decision. The GIFT Nifty is hinting at another muted session. Also among stocks in focus today, we put the spotlight on ONGC, RIL, Apollo Tyres, Nestle, Devyani International, Archean Chemicals among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals) At TradeBulls Securities and Dhiraj Mathur IAS(Retd), Independent Director and Aviation Expert, Former Partner PwC and leader of Aero & Defence practice.

22k in sight for nifty? Kotak MF’s Harsha Upadhyaya on the bull run | PSU banks, Zee in focus

Indian equity market recorded sharp upmove for second consecutive session and moved closer to 21,500 mark on December 15. Experts believe the momentum indicator RSI (relative strength index) is showing positive bias, but has reached th overbought stage, hence, some kind of consolidation can't be ruled out in coming days. Immediate support on the Nifty is seen in the 21,300-21,200 zone, before it can resume its upward journey above the 21,500 mark. On December 15, the BSE Sensex surged 970 points to 71,484, while the Nifty50 rose 274 points to 21,457. The broader markets gained but underperformed benchmark indices. The Nifty Midcap 100 index was up 0.11 percent and Smallcap 100 index gained 0.7 percent, while the India VIX, the fear index jumped above 13 mark, rising 6.55 percent to 13.13 levels, which is a bit of concern for bulls. This morning global cues are mixed with Asian markets edging lower ahead of BoJ rate decision and China loan prime rates later this week. Wall Street clocked in a seventh straight week of gains with Dow hitting a fresh high in intra-day trade. The GIFT Nifty is hinting a muted start for Indian market. Also among stocks in focus today, we put the spotlight on Zee Entertainment, JSW Group, J Kumar Infratech & PB Fintech among others. Catch Nandita Khemka in conversation with Harsha Upadhyaya, Chief Investment Officer - Equity, Kotak MF and Rajesh Palviya, Senior Vice President Research Head-Technical & Derivatives at Axis Securities.

Live: Indian market in high spirits; Santa rally here to stay? Hero Moto & PVR Inox in focus

The market made a remarkable journey on December 14, with coming back strongly after six-day consolidation and climbed to a new high on the benchmark indices as well as Bank Nifty. Given the strong momentum and holding 20,850 as a strong support in the past six days on closing basis, the Nifty50 is likely march towards 21,400-21,500 levels in coming sessions with sector rotation support, experts said. On December 14, the BSE Sensex hit 70,500 levels for the first time, rising 930 points to 70,514 after dovish commentary by the Federal Chair Jerome Powell, while the Nifty 50 hit a new high of 21,211 and closed at new all-time high of 21,183, up 256 points. The index has formed bullish candlestick pattern on the daily charts, after strong gap up opening. The broader markets continued northward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 1.3 percent and 0.9 percent respectively. This morning global cues are solid with Dow notching yet another record close and the GIFT Nifty hinting at a fantastic Friday for Dalal Street as it trades above the 20,400 mark. Also among stocks in focus today, we put the spotlight on Hero Motocorp, M&M Finance & PVR Inox among others. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder, NeoTrader & Trading Influencer and Mayuresh Joshi--Head of Equity Research, William O’Neil India.

Live: Will Nifty see further cooloff? Axis Bank block deal likely | DOMS, Inox India IPOs to open

Indian equity benchmarks turn cautious ahead of the FOMC meet outcome and saw some profit booking on December 12. Overall, the Nifty50 still remained rangebound with taking support at 20,850-20,800 levels and facing resistance at 21,000-21,100 levels, hence as long as the index holds this immediate support, the rangebound trade may continue and if it trades above 21,000 for few days, then another leg of rally can be possible, experts said. On December 12, the BSE Sensex fell 378 points to 69,551, while the Nifty50 declined 91 points to 20,906. The market breadth was in favour of bears, but the broader markets had a mixed trend. About 1,371 equity shares declined against 758 advancing shares on the NSE. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index gained 0.03 percent. This morning global cues are sanguine despite an uptick in US core inflation and ahead of the US Fed rate decision tonight. The Gift Nifty hints at a mildly higher start. Also among stocks in focus today, we put the spotlight on Axis Bank, Pharma Companies amid US FDA setback and PI Industries among others. Catch Nandita Khemka in conversation with Kush Bohra, Founder, kushbohra.com and Purvi Shah, DVP (Fundamental Research) – Pharma Analyst, Kotak Securities.

Live: Fed rate cut signal to spark a rally? Fusion micro block deal | INOX India IPO opens

Indian equity markets are poised for a strong start after yesterday’s fag end buying. The GIFT Nifty is hinting at a fresh high as it trades above the 21,200 mark. U.S. stock futures are edging higher after the Federal Reserve indicated multiple rate cuts in 2024, and the Dow Jones closed at an all-time high. U.S. Federal Reserve kept interest rates unchanged in a range between 5.25% and 5.5%, in line with Wall Street’s expectations. Market sentiment was buoyed after policymakers penciled in 3 rate cuts next year. On December 13, the BSE Sensex rose 34 points to 69,585, while the Nifty50 gained 20 points at 20,926. The broader markets also traded strong with the Nifty Midcap 100 and Smallcap 100 indices rising 0.9 percent each on positive breadth, while the fear index India VIX dropped by 5% to 12.07 levels. Among stocks in focus today, we put the spotlight on Fusion Micro, SBI, IRCTC and Uno Minda among others. Catch Nandita Khemka in conversation with Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC and Shivangi Sarda, Analyst- Equity Derivatives & Technicals, Broking & Distribution, MOFSL.

Live: Nifty poised to consolidate after hitting 21,000 milestone? Cipla & GMR airports in focus

Indian equity markets had a spectacular run in the week ended December 8, reporting the biggest weekly gain in last 16 months and hitting the much-awaited psychological 21,000 mark for the first time. Favourable States elections results hinting more infrastructure investment from government, better-than-expected economic growth for Q2FY24, increase in full year GDP growth estimates by RBI while maintaining status quo on policy rates & retaining full year inflation forecast, strong hopes of ending rate hike cycle despite inflation concerns, and stable oil prices lifted market sentiment. After consistent run up in past six weeks, the market is expected to see a rangebound trade and consolidation, with major focus on the Fed meet outcome and the Powell commentary especially after latest better-than-expected jobs data and lower unemployment rate in November, and monthly inflation data by US & India. During the last week, the benchmark indices as well as Bank Nifty ended at fresh record closing high. The Nifty50 closed at 20,969, up 702 points or 3.46 percent, the biggest weekly gain since July 2022, while the BSE Sensex rallied 2,344 points or 3.47 percent to 69,826. Banking & financial services, energy, infrastructure, technology, metal, oil & gas, and auto stocks supported the market, while FMCG and pharma stocks were under pressure. The broader markets also recorded gains with the Nifty Midcap 100 and Smallcap 100 indices rising 2.35 percent and 1.16 percent respectively. This morning global cues are positive as investors digest China CPI data for November and US jobs data. The GIFT Nifty is hinting at a mildly higher start for the Indian market. Also among stocks in focus today, we put the spotlight on among others Tata Motors, Cipla, GMR Airports & Pricol among others. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research Head-Technical & Derivatives at Axis Securities and Aishvarya Dadheech, Founder & CIO, Fident Asset Management.

RBI policy to dictate market moves| MPC may hold rates| Zomato, five-star business in focus

Indian equity market finally entered into consolidation mode and saw profit taking on December 7, after significant upward journey in previous seven straight sessions. Hence, the said consolidation may continue for some more days with major support at 20700-20,500 area, as long as the Nifty50 trades below psychological 21,000 mark, but in case, the index sees sharp upmove above 21,000 mark, then another phase of northward journey may be seen, experts said. On December 7, the BSE Sensex declined 132 points to 69,522, while the Nifty50 fell 37 points to 20,901 and formed bearish candlestick pattern with long lower shadow on the daily scale. The broader markets gained a bit of strength compared to consolidation in the past two days, with the Nifty Midcap 100 and Smallcap 100 indices rising six-tenth of a percent and 0.4 percent respectively on positive breadth. About 1,193 shares advanced against declining 933 shares on the NSE. The volatility index, India VIX also trended lower, snapping three-day upmove and closing 7.76 percent lower at 12.67 levels which provided some support to the market. This morning global cues are mixed with Wall Street snapping a 3-day losing streak and Asian markets too in the mixed zone after a surprise revision in Japan’s Q3 GDP. The GIFT Nifty, however, trades above the 21,000 mark. Among stocks in focus today, we put the spotlight on Zomato, Five-Star Business, Concor, IRCON among others. The MPC will also announce its interest rate decision today. Catch Nandita Khemka in conversation with Latha Venkatesh, Executive Editor, CNBC-TV18 and Raja Venkatraman, Co-founder Neotrader and Trading Influencer.