Live: Nifty set to climb 21k peak? IDFC First, Paytm in focus| Should you ride the realty rush?
The Nifty is expected to scale mount 21k today as the GIFT Nifty is trading above the crucial level. After a consistent run-up for the last seven consecutive, experts expect some kind of consolidation with the index facing resistance at 21,000 mark while taking support at 20,800-20,500 area. On December 5, the BSE Sensex climbed 358 points to 69,654, and the Nifty50 jumped 83 points to 20,938, taking the total seven-day gains to 3,684 points and 1,143 points, respectively. This morning global cues are downbeat with Wall Street clocking a 3-day losing streak. Also among stocks in focus today, we put the spotlight on IDFC First Bank, IRCON, BEL & Paytm among others. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior VP-Institutional Equity, KR Choksey Shares & Securities and Nirav R Karkera , Head Of Research, Fisdom.
Live: Will the market rally rage on? Should you bet on banks & PSUs to ride the pre-election cheer?
Indian equity benchmarks Sensex and Nifty zoomed to new highs surging more than 2 percent on December 4, as investors celebrated the BJP’s win in three state elections, seeing it as a sign of continuing political stability. At close, the Sensex was up 1,383.93 points, or 2.05 percent, to 68,865.12, and the Nifty was up 418.9 points, or 2.07 percent, to 20,686.80, closing at a new high for the second successive session. The pivot point calculator indicates that the Nifty is likely to see immediate resistance at 20,289, followed by 20,314 and 20,356, while on the lower side, it can take support at 20,207, followed by 20,181 and 20,140 levels. This morning global cues are subdued with Wall Street pausing its rally and Asian markets trending lower. The GIFT Nifty is in the negative zone but hints at a dash at 20,800 for the Nifty. Also among stocks in focus today, we put the spotlight on Honasa Consumer, Bank Of India and CAMS among others. Which are the themes one should look at to ride this upmove in the run up to the general elections? Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Feroze Azeez, Deputy CEO, Anand Rathi Wealth.
Live: Will Nifty aim for new high after Modi magic sweeps Hindi heartland? How to ride this bull run?
The benchmark Sensex and Nifty indices are likely to open on a strong note on December 4 as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 287 points after a clean sweep by the BJP in state elections. On Friday, Nifty50 index had scaled a fresh all-time high as the investors cheered the higher-than-expected GDP data and buying across sectors, barring auto. At close, the Sensex was up 492.75 points or 0.74 percent to 67,481.19, and the Nifty was up 134.70 points or 0.67 percent to 20,267.90. The pivot point calculator indicates that the Nifty is likely to see immediate resistance at 20,289, followed by 20,314 and 20,356, while on the lower side, it can take support at 20,207, followed by 20,181 and 20,140 levels. Will the bulls charge for new highs post Modi's electoral triumph in the Hindi heartland? Get expert insights on navigating this leg of the bull run! Catch Nandita Khemka in conversation with Moneycontrol’s markets editor N Mahalakshmi, Sushil Kedia, Founder, Kedianomics, and Amit Jeswani, Founder, Stallion Asset.
Nifty’s Best Month Of 2023; Dazzling December In Store? Q2 GDP & Exit Poll Results In Focus
Last-hour buying helps Nifty close above the 20,100 mark, continuing the positive trend and higher highs, and higher lows formation for the third consecutive session on November 30. The ongoing momentum and renewed FII buying interest indicated the trend is in favour of bulls, who are expected to take the Nifty50 beyond the previous record high (20,222) in the initial days of the December series, followed by 20,500, while the 20,000 may act as an immediate support, experts said. On the day of the monthly expiry of November derivative contracts, the BSE Sensex rose 87 points to 66,988, while the Nifty50 was up 37 points at 20,133. The trading volume on the expiry day was significantly higher, with the highest-ever single-day buying by FIIs since March 2 this year, which is another positive sign. This morning global cues are mixed as Dow clocks new high for the year amid a cooloff in US inflation data. Also among stocks in focus today, we put the spotlight on Kesoram Industries, Whirlpool India among others. Flair Writing debuts on the bourses today. Catch Nandita Khemka in conversation with Brijesh Ail, Head Technical & Derivatives, Retail Research, IDBI Capital Markets and Securities and Dipti Deshpande, Principal Economist, CRISIL.
Nifty Set To End November F&O Series Above 20,000| Tata Technologies Poised For Bumper Debut?
since September. Hence, given the index traded well above all key moving averages and positive trend in the momentum indicator RSI (relative strength index) & MACD (moving average convergence divergence) on daily, weekly and monthly timeframes, the Nifty50 may start surpassing its previous record high (20,222.45) in coming days, with support at 20,000-19,800 levels, experts said. Now bulls seem to be back in full action on November 29, a day before the expiry of November futures & options contracts, and exit polls of five States elections. The trading volumes on the Nifty50 also remained strong in last two consecutive sessions, which is another positive sign, though the breadth needs to be strong for further upmove. The BSE Sensex jumped 728 points or 1.1 percent to 66,902, while the Nifty50 rallied 207 points or 1.04 percent to 20,097. However, the India VIX advanced for third consecutive session, rising 4.4 percent to 12.7 levels and closed above 200-day EMA (exponential moving average) for first time in last 10 months. This morning global cues are mixed with GIFT Nifty hinting at a muted start. Watch for India Q2 GDP data and exit poll predictions for the assembly elections. Also among stocks in focus today, we put the spotlight on Thomas Cook, IDBI Bank and Lemon Tree among others. Tata Technologies lists on the bourses today along with two other stocks - Gandhar Oil & Fedbank Financial. Catch Nandita Khemka in conversation with Deepak Jasani, Head-Retail Research, HDFC Securities and Ajit Mishra--SVP, Technical Research, Religare Broking.
Nifty set to retest previous highs? Alipay to sell Zomato stake | Solid debut for IREDA?
Nifty may gradually start moving towards psychological 20,000 mark and then record high (20,200) in coming sessions amid optimism post the breakout of seven-day consolidation. Immediate support is now seen at 19,800-19,700 levels, experts said. On November 28, the BSE Sensex rose 204 points to 66,174, while the Nifty50 was up 95 points at 19,890. The broader markets also gained strength with the Nifty Midcap 100 and Smallcap 100 indices rising half a percent and third of a percent respectively, while the India VIX, the volatility index, increased sharply by 7.45 percent to 12.18 levels, may be ahead of exit poll of five States elections. Midcap index hit a fresh high and the realty index also scaled new peak yesterday. This morning global cues are positive with US stock futures heading higher and GIFT Nifty signalling an open above the psychological 20,000 mark. Also among stocks in focus today, we put the spotlight on Zomato, Aster DM and Siemens among others. Meanwhile, legendary investor Warren Buffett’s right hand man Charlie Munger has passed away at the age of 99. Catch Nandita Khemka in conversation with Mayuresh Joshi--Head of Equity Research, William O’Neil India and Shivangi Sarda, Analyst- Equity Derivatives & Technicals, Broking & Distribution, MOFSL
Can Nifty Reclaim 20,000 In F&O Expiry Week? Berkshire Hathaway Exits Paytm| Honasa In Focus
The market had a lacklustre week ended November 24 due to absence of any major global and domestic cues, but continued to end higher for fourth consecutive week. The coming truncated week will be full of news including exit polls after fives States elections, September FY24 quarter economic growth, and second estimates for Q3-CY23 US GDP numbers, which seem to be eagerly awaited by the participants. Overall, the market is likely to get into some momentum after the rangebound trade seen in previous seven trading sessions, by taking cues from several global and domestic factors, though there may be a bit of volatility due to expiry of monthly derivative contracts, experts said. The Nifty50 climbed 63 points to 19,795, and the BSE Sensex rose 175 points to 65,970, supported by auto, banking & financial services, energy, metal and pharma stocks. The broader markets had a mixed trend as the Nifty Midcap 100 index advanced 0.6 percent and Nifty Smallcap 100 index was down 0.4 percent. This morning global cues are fairly supportive with US futures mildly higher after a negative close overnight. Asian markets are mixed but the GIFT Nifty is signalling a start around the 19,850 mark. Also among stocks in focus today, we put the spotlight on Paytm, DLF and PB Fintech among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals) At TradeBulls Securities and Asutosh Mishra, Head Research – Institutional Equity at Ashika Stock Broking.
Nifty Eyes Fourth Weekly Gain| TCS Turns Ex-Date, Indian Hotels In Focus Amid Taj Data Breach
Indian equity benchmarks are attempting to make a comeback and hold above the 19,850 resistance area. Experts say if the index successfully climbs above this area, then immediate resistance to watch out for will be 19,900-20,000 levels, with support at 19,700-19,500 area. On November 23, BSE Sensex was down 5.4 points at 66,018, while the Nifty50 declined 10 points to 19,802. The index has been in the range of 19,600-19,875 levels for sixth day in a row now. The cooling down volatility supported the market, with the fear index India VIX declining 4.63 percent to 11.32 levels, while the market breadth was in favour of bulls as about 1,146 shares advanced against declining 951 shares on the NSE. This morning global cues are muted in absence of cues from Wall Street which was shut on account of Thanksgiving holiday. The GIFT Nifty is hinting at a mildy higher start. Also among stocks in focus today, we put the spotlight on Cipla after yesterday’s crash, Indian Hotels post the data leak, TCS and Axis Bank. Catch Nandita Khemka in conversation with Raja Venkatraman Co-founder Neo- trader and Market Expert Ajay Bagga.
Nifty set to reconquer 19,900? Honasa Consumer in focus | The best semiconductor play now?
After a struggle amid rangebound trade, the Nifty50 successfully closed above 19,800 levels. Hence, if the index manages to sustain above the same mark, then 19,900-20,000 zone can't be ruled out in coming sessions, which is also indicated by the Options data, with support at 19,700-19,500 area, experts said. On November 22, the BSE Sensex was up 92.5 points at 66,023, while the Nifty50 rose 28 points to 19,811.8, the highest closing level since September 20. On the daily charts, the Nifty tested the support zone of 19,700- 19,680 and witnessed a sharp recovery which indicates buying interest at support levels. However, the market breadth was in favour of bears as about three shares declined for every two shares rising on the NSE. As a result, the Nifty Smallcap 100 index fell 1.2 percent, whereas the Nifty Midcap 100 index gained 0.3 percent.
This morning global cues are mixed with Wall Street clocking gains overnight and Asian markets trading mixed. The GIFT Nifty is hinting at a start around the 19,900 mark. Also among stocks in focus today, we put the spotlight on Honasa Consumer, TVS Motor and Power Grid among others. Catch Nandita Khemka in conversation with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research and Kranthi Bathini - Equity strategist at WealthMills Securities.
Tata Tech IPO kicks off; should you subscribe? TCS, Maruti in focus | No signs of Fed Rate cut
After a two-day fall the equity indices ended higher on November 21, erasing most of the last two-session losses amid buying seen across the sectors barring capital goods, and oil and gas stocks. At close, the Sensex was up 275.62 points or 0.42 percent at 65,930.77, and the Nifty was up 89.40 points or 0.45 percent at 19,783.40. Market opened higher with Nifty above 19,750 amid positive global cues and extended the gains as the day progress, helping Nifty to cross 19,800 and Sensex 66,000, intraday. The midcap index hit a fresh lifetime high in intra-day trade before ending the day marginally higher. Biggest gainers on the Nifty included SBI Life Insurance, HDFC Life, Adani Enterprises, Hindalco Industries and JSW Steel, while losers were Coal India, ONGC, BPCL, Tech Mahindra and LTIMindtree. Among sectors, pharma, realty, and metal up 1 percent each, while oil & gas and capital goods down 0.5 percent each. This morning, despite a mixed handover from US and Asian markets, the GIFT Nifty is signalling a higher open for the Indian market. Also among stocks in focus today, we put the spotlight on TCS, Titan, Maruti and a whole host of other stocks. A slew of IPOs including Tata Tech, Gandhar Oil & Flair Writing are slated to hit the markets today. Should you subscribe to any of them? Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities and Gaurang Shah, Senior Vice President, Geojit Financial Services
Nifty set for another choppy session? Is IT recovery for real? IREDA IPO kicks off
Indian equity benchmarks ended lower for the second consecutive session on November 20 with the Sensex closing down 139.58 points or 0.21 percent at 65,655.15, and the Nifty falling 37.80 points or 0.19 percent to end at 19,694. Amid mixed global cues, the market started on a subdued note and remained rangebound during the day, with the Nifty falling below 19,700 amid selling seen in the auto, capital and FMCG names. This morning the GIFT Nifty is hinting at a start around 19,800 backed by strong global cues. Wall Street clocked overnight gains with S&P500 notching a fifth straight day of gains. IT stocks continue to see buying interest even as Jefferies sounds caution. The global brokerage believes the IT rally may be overdone as near-term outlook remains weak. Is the recovery that has played out in tech stocks for real? Also among stocks in focus today, we put the spotlight on Rategain Travel, ABB India and Oberoi Realty. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, VP-Research (Derivatives And Technicals), TradeBulls Securities and Ashutosh Sharma, Head-Forrester Research India.
Will Nifty extend upmove post winning week as FIIs turn buyers? Aurobindo, Exide in focus
Indian equity market clocked one percent gains for third consecutive week ended November 17 despite RBI's decision to raise risk weights for unsecured loans impacted banking & financial stocks on Friday. This rally attributed to falling oil prices, and hopes for end to the rate hike cycle globally with declining inflation. Hence, experts expect the positive sentiment in the markets to sustain in the coming week too, with focus on US bond yields & oil prices, and advised continuing with buy on dips strategy. During the truncated week, the BSE Sensex climbed 535 points to 65,795, and the Nifty50 jumped 206 points to 19,732, while the Nifty Midcap 100 and Smallcap 100 indices gained 2 percent and 2.7 percent respectively. Most of sectors participated in the weekly run up, barring banking & financial services stocks. IT & realty were the biggest gainers, with Nifty IT and Nifty Realty each rallying over 5% for the week. Even the mid & smallcap indices ended the week with gains of nearly 3% apiece. This week Nifty bulls will be watching out for a retest of the psychological 20,00o mark. The GIFT Nifty is hinting at a start around 19,800 for the Nifty. Stocks in focus today will be SBI Card, Aurobindo and Exide Industries among others. Catch Nandita Khemka in conversation with Kunal Shah, Senior Research Analyst, Carnelian Capital and Aamar Deo Singh, Sr Vice President – Angel One.
Live: Nifty set to reclaim 19,700? IndusInd, Paytm Included in MSCI Index|Tata Tech IPO opens Nov 22
After moving closer to the key resistance of 19,550 on Muhurat trading day, the Nifty50 caught in to profit booking amid consolidation in the following session, November 13 and fell tad below 50-day EMA (exponential moving average - 19,447). will the index manage to get back decisively above the 19,550 resistance? Experts feel that as long as the index holds 19,300 as a strong support, an upmove towards 19,550-19,600 is possible after current consolidation, which can later pave the way for October high of 19,850. The BSE Sensex fell 326 points to 64,934, while the Nifty50 declined 82 points to 19,444. The broader markets remained positive despite negative breadth. The Nifty Midcap 100 index was up 0.07 percent and Smallcap 100 index rose 0.7 percent. Today the focus will be on MSCI index rejig and the stocks in focus are the likes of IndusInd Bank, Suzlon, Paytm among others. Also watch out for Tata Motors as Tata Tech’s much awaited IPO opens for subscription on November 22. This will be the first IPO from the Tata stable in over 2 decades. Also we will have a new listing today as ASK Auto makes its debut on the exchanges. Catch Nandita Khemka in conversation with Brijesh Ail, Head Technical & Derivatives - Retail Research, IDBI Capital Markets and Securities and Hemant Shah, Fund Manager at Seven islands PMS.
Live: Nifty kicks off new Samvat on a sparkling note; How to trade BSE post Q2? | Protean eGov lists
The Indian equity market kicked off Samvat 2080 on a strong note with the Nifty reclaiming the 19,500 mark and hitting a 3-week high. Experts say if the index sustains above 19,500, there is a high possibility of the index moving towards the October high of 19,850 in coming sessions, with crucial support remaining at 21-day EMA of 19,386. Options data also indicated that 19,500 is expected to be crucial for march towards 19,600-19,800 levels, with support at 19,400 & 19,300 levels. The GIFT Nifty is hinting at a higher start for the Indian market even as US futures are trending lower after Moody’s downgrades its outlook on US credit rating to negative. Among stocks in focus will be Eicher Motors, Coal India, ONGC, BSE post their earnings. Meanwhile, shares of Protean eGov will list on the bourses today. Catch Nandita Khemka in conversation with Ruchit Jain, Lead Research Analyst at 5Paisa.com and Market expert Hemang Jani.
Live: Nifty set to make a dash at 19,500 amid strong global cues | Hindalco, IRCTC in focus
India equity market took a breather after three-day run up and ended flat with a negative bias, but held above 19,400. Will it indicate rangebound trade or further upmove above 50-day EMA in coming days? The rangebound trade is likely to continue with 19,400 seems to be acting as a crucial role for either side of trend. If the index holds the same, then it will surpass 19,450 (50-day EMA - exponential moving average) followed by hurdle at 19,500-19,600, whereas on the lower side, 19,300 will be immediate support for the Nifty50, experts said. On Tuesday, the BSE Sensex fell 16 points to 64,942, while the Nifty50 declined 5 points to 19,407. The broader markets continued their uptrend for fourth consecutive session, with the Nifty Midcap 100 and Smallcap 100 indices gained 0.3 percent and 0.75 percent respectively, while the market breadth was slightly in favour of bulls. Meanwhile, global cues are upbeat this morning with Wall Street notching another day of gains and Asian markets edging higher in early trade. The GIFT NIFTY is hinting at a muted start for Indian markets. For today the stocks that will make headlines include IRCTC, IndiGo & Voltas. Meanwhile, key earnings to watch out for will be Lupin, BHEL, Pidilite and United Spirits among others. Catch Nandita Khemka in conversation with Kunal Rambhia, Fund Manager, The Streets (Technical) and Deepak Malik from Carnelian Capital.
Live: Nifty set to reclaim 19,500 as bulls get in party mode; Nykaa in focus; Mamaearth listing today
Indian equity market extended northward journey for third consecutive session, with the Nifty50 decisively surpassing 19,250-19,300 area and closing above the 19,400 level. All eyes now will be on 50-day EMA (exponential moving average 19,450), which if crossed could lead to 19,550-19,600, experts said. The BSE Sensex rallied 595 points to 64,959, tracking positive Asian cues and amid buying in all key sectors barring PSU Bank, while the Nifty50 jumped 181 points to 19,412. The market breadth also remained in favour of bulls, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.9 percent and 1.4 percent respectively. Meanwhile, global cues are mixed this morning as Wall Street ekes out gains overnight with Nasdaq clocking a 7-day winning streak for the first time since January. But Asian markets are edging lower with the GIFT Nifty hinting at a flat start for our markets. For today the stocks that will make headlines include Bajaj Finance, Nykaa, HPCL, Power Grid & IRCTC. Mamaearth parent Honasa Consumer lists on the exchanges today while ASK Auto IPO kicks off for subscription. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals) At TradeBulls Securities and Karan Taurani, Senior VP, Elara Capital.
Live: Will Nifty head higher ahead of Diwali muhurat trading? SBI, BoB in focus| Cello World Listing
Indian equity market extended uptrend for second consecutive session on November 3, but considering it is at the crucial hurdle of 19,200-19,300 area, which had acted as a strong support area in August before getting into sharp rally in September, and also there is a continuation of tug-of-war between bulls and bears for firm direction, will it be able to extend uptrend from here on? Experts believe it is possible only if the index surpasses and holds 19,300 mark, then 19,500-19,600 can be the next possible resistance area for the index, whereas on the downside, 19,000-18,900 seems to be key support zone. On Friday, the BSE Sensex jumped 283 points to 64,364, while the Nifty50 was up 97 points at 19,231. The broader markets also continued uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7 percent and 1.2 percent respectively, on positive breadth. About two shares advanced for every falling share on the NSE. This week earnings will once again take centrestage as Divis Laboratories, Power Grid, Adani Ports, Coal India, Eicher Motors, Hindalco Industries, Mahindra & Mahindra, and ONGC ar4e slated to hand in their quarterly report cards in the last leg of earnings. The primary market will remain in action in the last week of Samvat 2079 with four initial public offerings worth Rs 1,390 crore opening for subscription and nine firms making their debut on the bourses. Cello World is all set to make its debut and it could list at 22-25% premium over its issue price. Other notable mainboard listings include Mamaearth and ESAF Small Finance Bank. For today the stocks that will make headlines include SBI, Bank Of Baroda, PB Fintech, IndiGo among others. Catch Nandita Khemka in conversation with Rajesh Palviya of Axis Securities and Siddhartha Khemka, Head of Retail Research - Broking & Distribution, MOFSL.
Live: Friday cheer beckons for Indian equities; Tata Motors Q2 impresses| Titan, Zomato Q2 today
Bulls are back on Dalal Street after easing fears related to FOMC outcome, which turned out to be dovish commentary. Will the bull party continue in the coming sessions? Experts believe that the party may continue, provided the Nifty50 holds 19,100-19,000 levels in coming sessions, which can help the index move to 19,200-19,300 area, the crucial resistance area. If the index manages to climb and sustain above the resistance for a few days, then 19,500-19,600 can be possible areas to watch. Till then, the index may remain in the range of 18,900-19,200 zone. After a two-day correction, the BSE Sensex advanced 490 points to 64,081, while the Nifty50 rose 144 points to 19,133. The market breadth also turned positive, pushing the broader markets higher. About five shares advanced against two falling shares on the NSE. The Nifty Midcap 100 and Smallcap 100 indices rallied more than 1.3 percent each. The volatility also cooled down considerably, making the trend favourable for bulls. The fear index, India VIX fell by 8.07 percent to 11.08 levels. This morning too we may be in for a strong start as Wall Street extended its gains overnight and GIFT Nifty trades above the 19,300 mark. Tata Motors reports strong set of numbers in Q2 backed by robust JLR margins. Other stocks to watch out for include Titan, Zomato & Gujarat Gas. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-founder Neotrader and Trading Influencer and Saji John, Lead Analyst – Automotive, Geojit Financial Services.
Live: US fed holds rates in a possible pivot| Tata Steel swings to loss| Tata Motors Q2 today
After back-to-back fall in the market, the market sentiment turned in favour of bears and the participants seem continuing with 'sell on rise' opportunity. Hence, if the index fails to hold on to the 18,900, the immediate support, then it can again move towards the low of last week around 18,800, but in case, the index rebounds, then may face crucial hurdle at 19,100-19,300 area, experts said. The BSE Sensex was down 284 points at 63,591, while the Nifty50 declined 90 points to 18,989. The market breadth turned in favour of bears after the equal ratio in previous two sessions, as three shares declined against two rising shares on the NSE, while the broader markets continued to be rangebound, closing flat (with negative bias) for third straight session. Meanwhile, global cues are positive this morning with the Dow climbing more than 200 points, while the S&P 500 and Nasdaq Composite each ending higher by more than 1%. Wednesday’s session was centered around the Fed’s decision to keep interest rates unchanged and the subsequent press conference with Jerome Powell, the central bank’s chair. Powell said he would not rule out a rate increase at the December meeting, leaving market participants unsure of when the hiking cycle would end. Stocks to watch out for include Tata Steel, Tata Motors, Hero Moto & Dabur among others. Catch Nandita Khemka in conversation with Kunal Rambhia, Fund Manager, The Streets and Edward Yardeni, President, Yardeni Research.
Live: US Fed may keep Indian equities in check| L&T Q2 impresses; Sun Q2 Awaited| Auto sales today
The market corrected sharply after gap-up opening and snapped two-day winning streak on October 31. Given the unsustainability of Nifty50 at the crucial resistance area of around 19,250 due to selling pressure along with negative crossover on the hourly charts, further downtrend can be possible up to 19,000-18,900 levels, but on the higher side, the decisive clearance of 19,250-19,300 area can open the door for 19,500-19,600 levels, experts said. BSE Sensex dropped 238 points to 63,875, while the Nifty50 declined 61 points to 19,080. The broader markets had a mixed trend and the breadth was largely equal for yet another session. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index fell 0.06 percent. Mood may remain cautious ahead of the US Fed rate decision tonight. Stocks to watch out for include L&T, Tata Steel, Sun Pharma and Lupin. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities and Nirav R Karkera, Head of research, Fisdom.
Live: Nifty gains for second day; will the upmove sustain? L&T, DLF in focus| Mamaearth IPO opens
The market extended upward journey for yet another session on October 30, but will that northward move continue in coming sessions? Possibly yes, if the index decisively surpasses its hurdle of 19,250-19,300 area in coming sessions, otherwise the rangebound trade may continue, experts say. The clearing and holding above this resistance of 19,250-19,300 can open doors for 19,500, the 50-day EMA (exponential moving average) given the Nifty50 made higher tops, higher bottoms for yet another session with bullish candlestick pattern on the daily timeframe, but if it fails to sustain above Friday's close i.e. 19,050, then it may take support at 18,900-18,800 area, experts said. The BSE Sensex climbed 330 points to 64,113, while the Nifty50 jumped 94 points to 19,141 and formed bullish candlestick pattern with long lower shadow on the daily charts. The broader markets had a flat closing on the first day of the week, while the volatility index, India VIX rose by 5.36 percent to 11.49 levels which remained in the broad range of 9-13 levels for past several months. This morning the GIFT Nifty is hinting at a flat start for the Indian market even as Wall Street saw a strong rally overnight. In trade today, watch out for stocks like DLF, TVS Motor post Q2 earnings. L&T and Tata Consumer report earnings today. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, VP-Research-Derivatives And Technicals, TradeBulls Securities and Asutosh Mishra of Ashika Stock Broking.
LIVE: Carnage on D-St To Continue? | Key Earnings: RIL, Maruti | Morning Trade
Bears tighten their grip over Indian market. Sensex shed over 900 points while Nifty ends below 18,900. The short-term trend of Nifty continues to be negative. The handover from wall street doesn't seem promising either, Nasdaq Composite is now officially in correction territory, down more than 10% from its high close for the year in July. Among the stocks to be watching out for RIL & Maruti will be among those declaring their Q2 results. Other index heavyweights will also be in action after the rout that has wiped out 17.77 lakh cr of investors money. Stacy Pereira discusses all this and more with Hemant Shah Fund Manager, Seven Islands PMS & Raja Venkatraman Co-founder Neotrader and Trading Influencer on this episode of Morning Trade.
Live: More correction expected on monthly F&O expiry? | Adani Group stocks in focus | Morning Trade
Bears seem to have a strong hold over Indian market. Sensex shed over 500 points while Nifty slipped below 19,200. The short-term trend of Nifty continues to be negative. The handover from wall street doesn't seem promising either, Nasdaq seeing sharp cuts of over 2% as tech stocks come under pressure on wall street. But can market stabilise around current levels or correct more on the monthly F&O expiry session? Among stocks in focus will be Asian Paints ahead of its earnings. Adani group of stocks will also be in focus after the NFRA has written to its past auditors. Whereas Unicorn Honasa Consumers is all set to file its IPO in Oct 31 the price band for which will be disclosed today. Stacy Pereira discusses this with Rahul Malani, Dy VP - Fundamental Research, Sharekhan by BNP Paribas & Brijesh Ail, Head Technical & Derivatives, Retail Research IDBI Capital Markets on this episode of Morning Trade.
LIVE: Positive handover to help Indian equities | Axis Bank & Tech M earnings today| Morning Trade
Weak Global Cues Drag Market. Broader market falls the most. Sensex breaches 65,000 to end at lowest closing level in 4 months. Nifty & Midcap Index end at lowest closing levels in nearly 2 months. BSE companies see biggest single-day fall in market cap since January 27. Catch Stacy Pereira in conversation with Kunal Rambhia—Fund Manager, The Streets and Nikhil Oswal—Founder & Director, Finterest Capital as they discuss trade setup and buzzing stocks for today.
Can bulls make a comeback on D-Street? Banking stocks in focus | Morning Trade
Multiple global factors including tension in the Middle East, spike in the crude prices and rising bond yields in the US have put a lid on Indian equity market upswing. But can the bull make their way back to Dalal street? It is the third week of earnings with almost 250 companies set to report their September quarter numbers, which could act as some trigger. Besides that Fed Chairman Jerome Powell will be delivering a speech on Oct 26 which could swing global markets along with US Q3 GDP estimates.It will also be crucial to monitor how ECB reacts. Among the stocks in focus would be banking stocks post their earnings, IPCA labs, Paytm & others. Stacy Pereira discusses all this with Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities Limited& Vinit Bolinjkar-Head of Research, Ventura Securities on Morning Trade
