Morning Trade

Live: Nifty below 19,700; will the selloff continue? Bajaj Auto, FMCG stocks in focus

Sensex and Nifty indices are likely to open marginally lower as trends in the GIFT Nifty indicate a negative start for the broader index with a loss of 24 points. On October 18, benchmark indices ended on a weaker note amid selling across the sectors barring except auto and pharma. The Sensex was down 551.07 points or 0.83 percent at 65,877.02, and the Nifty was down 140.40 points or 0.71 percent at 19,671.10. The pivot point calculator indicates that the Nifty may be taking support at 19,666, followed by 19,625 and 19,561. On the higher side, 19,796 can be an immediate resistance, followed by 19,836 and 19,901. Wall Street saw a sharp selloff last night while Asian markets are off to a weak start as US 10-year surges to a fresh 16-year high. This morning among stocks to watch will be Bajaj Auto, IndusInd Bank, Wipro as earnings came post market hours yesterday. Also watch out for big FMCG earnings today as HUL, ITC and Nestle report their quarterly numbers today. We will also discuss what to expect from the cement earnings. Catch Nandita Khemka in conversation with Rohan Shah - Technical Analyst, Religare Broking and Ronald Siyoni, Associate Vice President at Sharekhan by BNP Paribas.

Live: Bajaj Finance Q2 PAT misses the mark; buy, sell or hold? | Auto Q2 estimates| Windfall tax cut

Indian equity market closed higher for the first time in last four consecutive sessions, though it remained in the range of 19,500-19,850 on October 17. The Nifty50 ended at previous week's high and faced hurdle at 19,850 on the higher side, hence experts say if the index decisively closes above this mark, then it can march towards 19,000-20,000 area. The BSE Sensex jumped 261 points to 66,428, while the Nifty50 climbed 80 points to 19,812. The broader markets continued upward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 0.35 percent and 0.88 percent respectively on positive breadth. This morning global cues are negative with Wall Street clocking mixed close and Asia on the backfoot. Gift Nifty hints at a mildly lower start and oil prices have surged past the $91/barrel mark ahead of US PresidentJoe Biden’s visit to the Middle-East. Stocks to watch today are RIL & ONGC after govt slashes windfall tax on crude petroleum. Also in focus will be Bajaj Finance after Q2 profit misses estimate and HUDCO as govt looks to sell stake via OFS. What should you expect from the auto sector in the second quarter? Catch Nandita Khemka in conversation with Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher and Aditya Welekar, Senior Research Analyst, Auto and Metals, Axis Securities.

Live: HDFC Bank Q2 profit beats estimate; buy, sell or hold? Bajaj Finance, Jio Fin & Ceat in focus

Indian equity market consolidated in a narrow range throughout session before ending with moderate losses and also remained within previous day's trading range on October 16. For the Nifty50, 19,700 which coincides with 20-day EMA can be an immediate support for the Nifty50 followed by 19,600, whereas on the higher side, 19,800-19,850 will remain a key resistance area for further upside going ahead, experts said. The market will be awaiting the speech by the US Federal Reserve Chair Jerome Powell later this week. The BSE Sensex fell 116 points to 66,167, while the Nifty50 declined 19 points to 19,732. However, the broader markets outperformed benchmarks, as the Nifty Midcap 100 and Smallcap 100 indices gained 0.2 percent and 0.4 percent respectively, while the India VIX, which measures the expected volatility for next 30 days in the Nifty50, jumped by 5 percent to 11.07 levels. This morning global cues are fairly encouraging with Wall Street rallying over a percent last night and Asian markets off to a strong start. The GIFT Nifty is implying a start above the 19,800 mark. Stocks to watch today are HDFC Bank and Jio Financial post their Q2 results. Also in focus will be Bajaj Finance as it reports its quarterly earnings today. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals), TradeBulls Securities and Kaitav Shah, Lead BFSI Analyst, Anand Rathi Institutional Equities

Live: Will Nifty resume up move in earnings-heavy week? HDFC Bank, DMart, Tata Motors in focus

The market is expected to take the support at 19,600 which somewhat coincides with the 50-day EMA (exponential moving average), in coming sessions as breaking of the same can trigger major correction, while the 19,800-19,850 area is likely to be critical for march upwards towards 19,900-20,000 levels, experts said. On October 13, the market managed to cut down losses by more than 100 points on the Nifty50 and settled off day's low, holding the 19,750 on closing and taking support at 19,600 intraday. The BSE Sensex declined 126 points to 66,283, while the Nifty50 fell 43 points to close at 19,751. The broader markets also ended moderately lower with the Nifty Midcap 100 and Smallcap 100 indices declining 0.1 percent and 0.4 percent respectively, while the volatility index, VIX, ended flat at 10.62 levels. This morning global cues are mixed with US futures in the green but Asian markets edging lower in trade. GIFT Nifty is hinting at a muted start for the Indian markets while Brent Crude is back above the $90/barrel mark. Stocks to watch today are the likes of HDFC Bank, Avenue Supermarts, Tata Motors and Delta Corp. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Hemang Jani, Market Expert.

Live: Infosys guidance cut may upset street; Mixed Q2 for HCL Tech| DRL, Ircon in focus|CPI eases

Indian Equity indices have turned into a consolidation mode after two days rally, with the Nifty50 closing tad below 19,800 mark with a moderate losses on October 12. The index remained in the range of 19,750-19,850 for yet another session, hence the decisive breakout on either of this range can give clear direction to the market going forward, experts said.The BSE Sensex fell 65 points to 66,408, while the Nifty50 dropped 17 points to 19,794. The broader markets outperformed benchmark indices with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.2 percent and 0.65 percent respectively. India VIX, which measures the expected volatility for next thirty days in the Nifty50, dropped for third straight session, indicating some stability in the equity markets. The VIX fell by 3.34 percent from 10.99 to 10.62 levels. This morning global cues are not very encouraging as Wall Street has snapped a 4-day winning streak amid a hotter than expected inflation data. Asian markets too edge lower with the GIFT Nifty hinting at a negative start. Among stocks to watch out for will be Infosys after a strong show in Q2 but surprise guidance cut could take a toll on the stock. HCL Tech will be in focus too as revenue misses estimates. Also watch out for Dr Reddy’s and Angel One. Catch Nandita Khemka in conversation with Siddhartha Khemka, Head - Retail Research, Broking & Distribution, MOFSL and Raja Venkatraman, Co-founder Neotrader and Trading Influencer.

Live: TCS Q2 dollar revenue disappoints, Rs 17,000 Cr buyback announced| Infosys, HCL in focus

Indian equity market extended its northward journey for a second consecutive session with the Nifty50 climbing above 19,800, which is on expected lines, on October 11. Hence, if the index sustains the 19,750-19,800 area in the coming sessions, the march towards the 20,000 mark can't be ruled out, while taking support at 19,600-19,500 levels, experts said. The BSE Sensex jumped 394 points to 66,473, while the Nifty50 rose 122 points to 19,811. The broader markets also maintained momentum on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and 0.8 percent respectively, while about two shares advanced for every share rising on the NSE. This morning global cues are supportive with Wall Street clocking a 4-day winning streak and GIFT Nifty hinting at a higher open. IT pack will be in focus after TCS’ mixed quarterly show and buyback announcement and ahead of Infosys and HCL Tech Q2 earnings. Meanwhile, other stocks in focus today are IndusInd Bank and Delta Corp. Catch Nandita Khemka in conversation with Brijesh Ail, IDBI Capital Markets and Brijesh Ail, IDBI Capital Markets.

Live: Nifty back near 19,700| Realty stocks on solid ground; Time to buy?| TCS, BoB in focus

Indian equity market bounced back sharply on October 10 after a day of correction due to geopolitical tensions between Israel & Palestine. The Nifty50 decisively climbed above last week's high on closing basis and experts believe that a close above 19,700-19,800 area in coming sessions can take the index towards 20,000 mark. The BSE Sensex climbed 567 points to 66,079, while the Nifty50 jumped 178 points to 19,690, recouping entire previous day's losses. The Nifty Midcap 100 and Smallcap 100 indices also remained strong on positive breadth, rising 1.4 percent and 1.2 percent respectively. About three shares advanced for every falling share on the NSE. This morning global cues are looking pretty strong with Wall Street clocking gains, Asian markets off to a strong start and the GIFT Nifty signalling an open above the 19,800 mark for the Nifty. Meanwhile, stock in focus today are TCS as it reports its Q2 earnings today. Moneycontrol’s Debangana Ghosh gives us a lowdown on what to expect. We also put the spotlight on Bank of Baroda as RBI bars the lender from onboarding new customers on its mobile app. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities and Pankaj Kumar, VP - Fundamental Research, Kotak Securities.

Live: Israel-Palestine war stokes volatility; Can markets weather the storm? | Setback for Dr Reddy’s

The market failed to extend the momentum seen last week and wiped out all the previous two days' gains on October 9, especially after conflict escalated between Israeli and Palestine, which ultimately boosted oil prices in the international market. The Nifty50 has managed to defend 19,500-19,450 area amid volatility and selling pressure, which if it holds in coming sessions then the resumption of upward rally towards 19,600-19,800 will be seen again, whereas the crucial support for the index remains at 19,300 levels, experts said. The BSE Sensex declined 483 points to 65,512, while the Nifty50 climbed 141 points to 19,512. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices were down 1.3 percent and 1.8 percent, respectively, on weak breadth, while the volatility index, India VIX jumped sharply by 12.11 percent to 11.40 levels, giving discomfort for bulls. This morning global cues are positive with US markets clocking in gains overnight as Fed members signal caution over future rate hikes. Asia is off to a strong start with the GIFT Nifty hinting at a start above the 19,600 mark. Meanwhile, stock in focus today are Dr Reddy’s as arm faces anti-trust complaint in U.S. over cancer drug Revlimid. Also in the spotlight will be Mazagon Dock, Genus Power and Phoenix Mills. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, VP- Research (Derivative’s & Technical), Tradebulls Securities and Sandeep Raina, Executive Vice President- Research, Nuvama Professional Clients Group.

Live: Nifty on firm wicket ahead of big tech earnings; TCS, Titan, TVS Motor & MCX in focus

Indian equity market snapped two-week losing streak and closed moderately higher for the week ended October 6 after showing smart recovery from weekly lows. The market clawed back above 10-day EMA (exponential moving average placed at 19,627) as well as 50-day EMA (19,560) on the Nifty50 after the positive trend in last couple of sessions. The recovery may continue in the coming week too, but volatility can't be ruled out with more stock specific action given the beginning of September quarter earnings season, experts said, adding the participants will also closely watch the September inflation numbers by US and India along with FOMC minutes. The equity market uptrend was supported majorly by falling oil prices, healthy domestic PMI data, and Monetary Policy Committee's status quo in repo rate, but the RBI still sees inflation as a major risk and continues to be hawkish with the announcement of OMOs to manage liquidity. However, the significant FII outflow due to elevated US bond yields and US dollar index capped gains. The BSE Sensex gained 167 points at 65,996, and the Nifty50 rose 15 points to 19,654, while the Nifty Midcap 100 index lost 0.6 percent and Smallcap 100 index climbed 0.7 percent during the week. Auto, banks, energy, pharma, oil & gas stocks were under pressure, whereas technology, and realty stocks trended higher. This morning global cues are not very encouraging as Dow futures slump over 200 points, Asian markets are largely lower and oil has surged to $88/barrel in the wake of Hamas attack on Israel. Meanwhile, stocks in focus today are TCS, Titan, TVS Motor & MCX among others. Catch Nandita Khemka in conversation with Kunal Shah, Senior Research Analyst, Carnelian Capital and Rajesh Palviya of Axis Securities.

Live: RBI policy outcome to dictate the market trend| Bajaj Finance, PB Fintech in focus

Indian equity market rebounded smartly after couple of days of correction and climbed back above 19,500 mark on October 5. Experts say if the index sustains this uptrend in coming session then it may face hurdle at 19,600-19,700 levels, whereas on the lower side 19,400-19,350 can be key support. The positive signals from PMI data, and fall in oil prices seem to have boosted sentiment, while in terms of sectors, banking & financial services and technology stocks supported the market. The benchmark indices had a gap up opening with the BSE Sensex rising 406 points at 65,632, and the Nifty50 climibing 110 points to 19,546, ahead of the outcome of Monetary Policy Committee scheduled on October 6. On the broader markets front, the Nifty Midcap 100 index was flat and the Nifty Smallcap 100 index rose 0.6 percent amid positive breadth. The volatility cooled down considerably with the India VIX declining 5.94 percent to 10.94 levels. This morning global cues are mixed with Wall Street ending in the negative zone but Asian markets edge higher as US 10-year yields ease from 16-year highs ahead of monthly jobs data due tomorrow. The GIFT Nifty hints at a mildly higher start for the Indian market. Investors will also watch out for the RBI policy outcome today. The central bank is likely to keep repo rate unchanged but the commentary is expected to be hawkish. Meanwhile, stocks in focus today are Bajaj Finance, PB Fintech and Godrej Consumer. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-founder Neotrader and Trading Influencer and Latha Venkatesh, Executive Editor, CNBC-TV18.

Live: Can Nifty reclaim 20k in October? Vedanta in focus on 6-way split| Auto Sales, JSW Infra listing

Indian markets staged a smart recovery a day after clocking a 1 percent cut on September 28. Key indices managed to close the week only 0.2 percent lower. The Nifty settled 0.18 percent down at 19,638 and the Sensex was down 0.27 percent at 65,828 for the week. Within sectors, Nifty Realty and Nifty Pharma were the top gainers while IT and Consumer Durables were the top losers. Meanwhile, the broader markets remained buoyant with Nifty Midcap 100 and Nifty Smallcap 100 gaining 1 percent and 2.18 percent for the week, respectively. With the onset of October, market experts believe that the ‘sell on rally’ market construct is likely to change, pushing Nifty back towards the psychological 20,000 mark. This morning global cues are mixed with both Wall Street futures and Asian markets trading sideways to higher. The GIFT Nifty is hinting at open below 19,600. Meanwhile, today the market will react to September auto sales numbers and Vedanta’s announcement of a demerger into 6 listed entities. Also in focus will be RK Forgings after board approval to raise funds via QIP. 2 new listings to wath out for today – JSW Infra and Vaibhav Jewellers. Catch Nandita Khemka in conversation with Rakesh Arora, Managing Partner - Go India Advisors and Sacchitanand Uttekar, Tradebulls Securities.

Live: Nifty breaks below 50-day EMA as bears run amok; Accenture outlook to weigh on IT stocks

Indian market came under heavy selling pressure as bears took a control over Dalal Street on monthly expiry day for futures & options contracts, dragging the benchmark index Nifty50 below 50-day EMA of 19,559. Hence, experts feel, given the bearish sentiment prevailing in the market, the bears may push the index towards 19,220, the low of the August month if it decisively breaks 19,500 on closing basis, while on the higher side, the index may face resistance at 19,600-19,700 area. The BSE Sensex plunged 610 points or 0.92 percent to 65,508, while the Nifty50 declined 193 points to 19,523.The broader markets too came under selling pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 1.3 percent and 0.4 percent respectively, while the fear index, India VIX, jumped to four-month high, up 10.68 percent at 12.82 levels. This morning global cues are a little upbeat as Wall Street clocked in gains in the overnight session and Asian markets are largely higher. The GIFT Nifty as well is trading above the 19,600 mark. IT stocks will be in focus after Accenture’s weak guidance for FY24. Also in the spotlight today – MCX will be in focus as it defers the launch of its new platform on SEBI’s advice. Also in focus will be Happiest Minds, Adani Transmission and Adani Green as well as Cholamandalam Investment . Catch Nandita Khemka in conversation with Kunal Rambhia—Fund Manager, The Streets & Asutosh Mishra, Head - Research, Instl Equity at Ashika Stock Broking.

Live: Nifty gears up for a wild ride on F&O expiry day; RIL, Vedanta, Dixon in focus; Yatra lists

Indian equity market saw a sharp rebound from its 50-day EMA placed at around 19,550. Experts say the Nifty50 may face hurdle at 19,800-20,000 levels in coming sessions, with support at 19,600-19,500 area. The BSE Sensex climbed 173 points to 66,119, while the Nifty50 was up 52 points at 19,716, after consolidation in previous two sessions, ahead of monthly F&O expiry. After the rangebound movement in the last few sessions, the market witnessed a sharp intraday upside bounce. The broader markets also traded higher with the Nifty Midcap 100 index jumping 0.75 percent and Smallcap 100 index gaining nearly 1 percent. This morning global cues hint at a muted start with mixed cues from Wall Street and Asia trading with a positive bias. Crude prices surge past the $97/barrel mark amid tighter supplies and US yields hit a fresh 16-year high. Stocks in focus will be RIL, Vedanta, MCX & Dixon Tech among others. Meanwhille, Yatra Online will make its stock market debut today. We also put the spotlight on IT stocks after Morgan Stanley’s bullish view. Catch Nandita Khemka in conversation with Omkar Tanksale- Senior Research Analyst – IT, Axis Securities and Shivangi Sarda, Analyst- Equity Derivatives & Technicals, Broking & Distribution, MOFSL.

Live: Nifty stuck in a tight range; Should you sell on rise? Infosys, Vedanta & Eicher in focus

Indian equity market ended another lacklustre session on a flat note with a negative bias on September 26. Overall, the benchmark indices traded within the previous day's range and the trading range narrowed compared to the previous session, indicating the possibility of a sharp move on either side of the trade in the coming sessions. On the higher side, the Nifty may face resistance at 19,800, while in case of correction, it may get support at 19,600-19,500 levels, experts said. The BSE Sensex declined 78 points to 65,945, while the Nifty50 dropped 10 points to 19,665. The broader markets had a mixed trend, with the Nifty Midcap 100 index falling 0.2 percent and Smallcap 100 index rising 0.6 percent. This morning global cues are largely negative with Wall Street clocking steep losses and Asian markets trading fixed in early trade. GIFT Nifty, too, is hinting at a negative start. Among stocks in the spotlight are Vedanta, Infosys, Suzlon and Nestle. Two new listings to watch out for today: Sai Silk and Signature Global. Catch Nandita Khemka in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Securities and Nirav R Karkera, Head - Research, Fisdom.

Live: Nifty set for wild ride amid tug of war between bulls & bears| Tata Steel, strides in focus

Indian equity market saw an extremely volatile session on Monday, after four days of correction. The benchmark indices settled flat with a positive bias. The rangebound trade is expected to continue unless the index gets firm close above 19,800 for the higher side, while the decisive breaking of 19,600-19,500 zone can bring more correction in the market, experts said. The Nifty50 rose 0.2 points to 19,674.50, and the BSE Sensex gained 15 points at 66,024, while the Nifty Midcap 100 index rose 0.66 percent and Smallcap 100 index was up 0.04 percent. The market breadth was slightly in favour of bears as about 1,099 shares declined against 963 rising shares on the NSE. On the sectoral front, the Nifty Bank index snapped four-day losing streak, rising 154 points to 44,766, while the Nifty IT index corrected 258 points. This morning global cues are fairly mixed as Asian markets edge lower despite positive cues from US peers. Wall Street snapped its 4-day losing streak to end in the positive zone. Meanwhile, the Gift Nifty is hinting at a muted start for the Indian market. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, Vice president- Research (Derivatives And Technicals) At TradeBulls Securities and Dhiraj Relli, MD & CEO, HDFC Securities.

Live: Nifty braces for more volatility on expiry week; Riding the PSU bank rally| JSW Infra IPO

Indian equity benchmarks saw a sharp plunge last week as bears showed their might and triggered a more than 2.5 percent selloff last week. In fact, stocks halted their three-week rally. The decline in the market was driven primarily by the underperformance of most sectors, barring PSU banks. The hawkish tone of the US Federal Reserve hinting higher rates next year, aggressive sell-off by foreign institutions, correction in index heavyweights like HDFC Bank, and weak global cues dented the market sentiment, though JPMorgan's decision to include Indian government bonds in its bond index turned out to be good news on the last day of the week, which was one of the reasons for a rise in PSU banks. The BSE Sensex plunged 1,830 points or 2.70 percent to 66,009, while the Nifty50 tanked 518 points or 2.57 percent, the biggest weekly loss since February. The correction was also seen in broader markets, as the Nifty Midcap 100 and Smallcap 100 indices fell 1.7 percent and 2.5 percent. After severe correction, the market is likely to consolidate further with negative bias in the coming week with focus mostly on global cues (including US GDP numbers, bond yields) due to absence of major domestic data points and the scheduled monthly expiry of September derivative contracts may also cause volatility, according to experts. Meanwhile stocks in focus today include Delta Corp, Bajaj Finance and Vijaya Diagnostics among others. Catch Nandita Khemka in conversation with Rahul Malani, Research Analyst, Sharekhan by BNP Paribas and Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities.

Live: Fed skips rate hike; Will bears continue to dominate? Infosys, SJVN in focus | EMS lists today

Indian equity indices ended lower for the second consecutive session on September 20 with Nifty falling below 19,900 amid selling in heavyweights and across the sectors, barring power stocks. At close, the Sensex was down 796 points or 1.18 percent at 66,800.84, and the Nifty was down 231.90 points or 1.15 percent at 19,901.40. After a gap-down start, market remained under selling pressure and extended the losses as the day progress, to end near day's low. Yesterday’s selloff eroded investors' wealth by Rs 2.25 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 320.75 lakh crore from Rs 323 lakh crore in the previous session. HDFC Bank, JSW Steel, Reliance Industries, BPCL were among the biggest losers yesterday. This morning global cues are subdued with Wall Street slipping over a percent overnight after the Fed held rates steady on expected lines. However, the central bank has hinted at another rate hike this year. Asian markets edge lower with the GIFT Nifty hinting at another weak session on weekly expiry day. Stocks in the spotlight are Infosys, SJVN and Cipla among others. EMS is slated to make its market debit today. Catch Nandita Khemka in conversation with Kush Bohra, Founder, kushbohra.com and Seth Freeman, Managing Director, B Riley Advisory Services

Live: Nifty to consolidate ahead of fed outcome? Torrent, Tata Motors in focus| RR kabel lists today

Indian equity market saw some sizeable profit booking on September 18, after rising consistently since the start of current month to hit a historic high last Friday. The overall sentiment may remain positive as long as the Nifty50 holds 20,000-19,900 levels, which experts feel is expected to be a crucial support area. On the higher side, 20,220 is going to be an immediate resistance as breaking of the same can take the Nifty50 towards 20,300-20,500 levels in coming sessions. The BSE Sensex declined 242 points to 67,597, while the Nifty50 slipped 59 points to 20,133 and formed bearish candlestick pattern minor upper shadow on the daily timeframe. The broader markets also saw profit taking with the Nifty Midcap 100 and Smallcap 100 indices falling 0.4 percent and 0.5 percent respectively on weak breadth. About two shares declined for every rising share on the NSE. Traders are likely to remain cautious ahead of US Fed rate decision later tonight. The central bank is expected to hold interest rates this time around. This morning global cues are subdued ahead of US Fed’s interest rate decision. GIFT Nifty is signalling a gap down start, adjusted for yesterday’s holiday. Stocks in the spotlight are Torrent Pharma, Tata Motors and Biocon. Should you flock to FMCG and paint stocks amid subdued demand and a resurgence in crude prices? 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 poised to edge higher after making new record?| Tata Steel, L&T in the spotlight

Indian equity market scaled a fresh high on Friday with the Nifty zooming past the 20,200 mark for the first time and the Sensex clocking a fresh record as well. Considering the consistent rally, experts believe that a consolidation may be on the cards, however some are of the view that the index could head higher by another 200-300 points from here. 20,000 is likely to be immediate crucial support. Positive global cues, easing volatility and uptrend in auto, banking & financial services, technology and pharma stocks aided the rally on Friday. The BSE Sensex rose 320 points to 67,839, while the Nifty50 advanced 89 points to 20,192. The broader markets closed moderately higher with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.3 percent and 0.4 percent respectively. Meanwhile, markets will digest a slew of central bank meetings with the US fed, Bank of England and Bank of Japan slated to announce their interest rate decisions this week. Wall Street ended lower on Friday with the Dow shedding over 300 points and key indices suffering a second straight week of losses. Asian markets are largely lower ahead of central bank decisions. The Japanese markets are shut on account of a holiday and the GIFT Nifty is hinting at a flattish start for the Indian market. Stocks in the spotlight are L&T, Tata Steel, Vedanta among others. Catch Nandita Khemka in conversation with Rajesh Palviya of Axis Securities and Deven Choksey, Managing Director of DRChoksey FinServ.

Live: Nifty’s record run continues; GMM Pfaudler & Dwarikesh Sugar in focus| Yatra online IPO opens

Indian equity market closed a volatile session higher with the Nifty50 ending at fresh record closing high. Going forward, the 20,100 is likely to be crucial level for further direction in the market, with resistance at 20,200-20,300 area and the key support at 19,900 levels, say experts. The BSE Sensex rose 52 points to 67,519, extending upward journey for 10th consecutive session, while the Nifty50 advanced 33 points to 20,103, the fresh closing high. The broader markets also continued to recoup further losses, with positive breadth in the ratio of 3:1. The Nifty Midcap 100 and Smallcap 100 indices gained more than 1 percent each, sustaining uptrend for second straight session, after falling 3 percent and 4 percent on September 12. The fear index, India VIX remained below 12, which gives comfort for bulls, falling 4.31 percent to 11.32 levels. This morning global cues are extremely positive with US markets staging a smart rally and European stocks ending higher after ECB raised rates by 25 bps and signals more hikes could be off the table. GIFT Nifty is hinting at a higher start for the Indian market. Stocks in the spotlight are Bharat Forge, Schneider Electric and Sequent Scientific. Meanwhile, Yatra Online’s Rs 775 cr kicks off for subscription today. Catch Nandita Khemka in conversation with Raja Venkatraman of Neotrader and Vijay Banka, While Time Director, Dwarikesh Sugar.

Live: Nifty ends above 20k for first time; The next stop? Adani Stocks, Bombay Dyeing in focus

After a day of consolidation, the market gained momentum with the Nifty50 closing above psychological 20,000 milestone for the first time on September 13. This was largely attributed to the rally in banking stocks. Hence, the bulls seem to be wanting to stay in the game, which can take the Nifty50 to 20,200-20,500 levels in coming days if the index holds 19,900-19,800 as an immediate support area, experts said. The BSE Sensex rose 246 points to 67,467, while the Nifty50 climbed 77 points to end at new closing high of 20,070. The broader markets also rebounded after a day of sharp correction. The Nifty Midcap 100 index gained 0.2 percent and Smallcap 100 index rose 1 percent as the market breadth was positive with 2:1 ratio. This morning global cues are mixed but the GIFT Nifty is hinting at a fresh record for the Nifty. Stocks in the spotlight are Adani Group, Bombay Dyeing and IndiGo among others. Meanwhile, the initial public offer (IPO) of FinTech-SaaS company Zaggle Prepaid Ocean Services and Samhi Hotels will kick off for subscription today. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Market expert Prakash Diwan.

Live: Nifty set for choppy ride at record; Making sense of the midcap mayhem| RR Kabel IPO opens

Indian equity market hit a new high of 20,110 on the Nifty50, but could not sustain the same due to profit taking by the participants, as the index gained around 4.5 percent in a one-way rally since the beginning of this month. Hence, the further consolidation with a support at 19,800-19,900 can be seen in coming sessions, while the crossing of 20,100 decisively is required for upward rally, according to experts. The BSE Sensex gained 94 points at 67,221, while the Nifty50 declined for the first time in last eight straight sessions, down 3 points amid volatility at 19,993. The broader markets witnessed a big correction after a long time, making the participants cautious a bit. The Nifty Midcap 100 and Smallcap 100 indices fell 3 percent and 4 percent respectively, with disappointing breadth. About nine shares declined for every rising share on the NSE. This morning global cues are mixed with Wall Street clocking overnight losses led by tech shares after Apple’s big-ticket launches. Crude meanwhile surges to near 10-montgh highs amid OPEC’s forecast of tight supplies. However, GIFT Nifty signals a mildly higher start for the Indian market. Among stocks in focus today, IRCTC, Vakrangee and KEC International will be in focus today. Meanwhile, RR Kabel’s Rs 1,934 cr IPO kicks off for subscription today. In key economic data, CPI inflation for August cools off to below 7% amid easing food prices and IIP for the month of July has come in at a 5-month high of 5.7%. Catch Nandita Khemka in conversation with Latha Venkatesh, Executive Editor, CNBC-TV18 and Hemen Kapadia of KRChoksey Securities.

Live: Nifty tops 19,700 as bulls charge ahead; Ashok Leyland, Mazagon dock in focus| EMS IPO opens

Indian equity market continued its higher highs formation as well as upward journey for fifth consecutive session as the Nifty reclaimed the 19,700 mark. Experts say the index is likely to move towards 19,800-19,900 levels in coming sessions, provided it holds 19,650. The 19,700-19,500 is expected to be support zone. The BSE Sensex jumped 385 points to 66,266, while the Nifty50 rose 116 points to 19,727. The positive trend remained in broader markets for nine days in a row, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.8 percent and half a percent respectively. This morning the cues from global markets are once again fairly subdued with Wall Street clocking a mixed close and Asian markets edging lower after Japan’s Q2 GDP data disappoints. However, GIFT Nifty is implying a mildly positive start for the Indian Market. Stocks in focus will be Ashok Leyland, Landmark Cars, Shemaroo Entertainment and Mazagon Dock. Meanwhile, EMS IPO kicks off for subscription today. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-founder Neotrader and Trading Influencer and Prateek Pant, Chief Business Officer, WhiteOak Capital.

Live: Nifty Above 19600; What Next? TCS, Paytm In Focus| Shah Rukh Khan Starrer Jawan Hits Theatres

Indian equity market rebounded smartly in late trade and closed higher for yet another session with continuing higher highs formation on the Nifty50 for four days in a row. Experts say the index can possibly start marching towards 19,700-19,750 area in coming sessions, with immediate support at 19,500-19,400 levels. The BSE Sensex climbed 100 points to 65,881, while the Nifty50 rose 36 points to 19,611 amid volatility, staging a smart recovery in the last hour of trade. The broader markets saw consolidation after recent sharp upside, but closed higher with moderate gains, while the volatility continued to slide, with the India VIX declining by 1.27 percent from 10.82 to 10.68 levels. This morning the cues from global markets are pretty downbeat with Wall Street clocking overnight losses following stronger than expected US economic data. Asian markets too start the day on the back foot with GIFT Nifty hinting at a lower start. Stocks in focus will be Paytm, RIL and TCS among others. Meanwhile, The wait is finally over as Shah Rukh Khan-starrer Jawan hits the theatres. As per trade analysts, Jawan will get box office opening of Rs 100 cr, with Rs 40 cr coming from the overseas market and the remaining Rs 60 cr from the domestic market. Will it weave box office magic? Catch Nandita Khemka in conversation with Kunal Rambhia, Fund Manager for Technical and derivatives, The Streets.