Nifty failed to hold the 25,900 mark, slipping 176 points as nearly 40 stocks ended in the red. Pharma stocks led the drag, with all sectoral indices closing lower and financials and healthcare among the worst hit. Despite the weakness, midcap and smallcap indices outperformed the benchmark with marginal losses. Meanwhile, Lenskart’s Rs 7,278 crore IPO opens today. This morning, global cues were mxed. US markets ended lower overight as investors digested batch of big tech earnings. Meanwhile, Asia-Pacific markets started the day largely higher as US reached trade deal with China, prompting Japan's Nikkei 225 and South Korea's Kospi at record high levels. Catch Lovisha Darad in conversation with Raja Venkatraman, Co-Founder, NeoTrader & Trading Influencer and Anshul Saigal, Market Expert.
Catch Yatin Mota in conversation with Ashish Bahety, Technical and Derivative Research Analyst, ProfitMart Securities to navigate market movement
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Benchmark indices Sensex and Nifty clocked biggest single day losses in a month in the previous session, weighed by index heavyweights. Factors such as tight fight in the US Presidential elections, Fed's interest rate decision, more Chinese stimulus measures on the horizon kept market mood in check. With Nifty nearly 9 percent down from record highs, experts expect the index to face resistance at 24,200, with support placed around 23,500. This morning global cues are mixed, with Wall Street ending overnight on a weak note. Asia-Pacific markets, meanwhile, were mixed this morning. Among stocks in focus, watch out for Dr Reddy's, Titan, and Raymond India. Catch Lovisha Darad in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Kranthi Bathini - Equity strategist at WealthMills Securities. #sharemarket #stockmarket #marketopeningbell #ipo #nifty #sensex
Benchmark indices Sensex and Nifty are geared up for a data-packed week, with US elections and US Fed's rate outcome on the radar. Samvat 2081 opened positively for Indian markets, snapping its two-day losing streak. With Nifty down 6 percent last month, can markets reverse trend in November? Experts expect Nifty to face resistance at 24,500, with support around 24,000. This morning global cues are mixed. US markets started November on a strong note, led by tech stocks, while Asian markets were mixed this morning. Among stocks in focus, watch out for Zen Technologies, Apollo Hospitals, and Lokesh Machines. Catch Lovisha Darad in conversation with Ajit Mishra - SVP, Research, Religare Broking and Andrew Holland--CEO, Avendus Capital Public Markets Alternate Strategies LLP.
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Over the next few months, if the small and midcap stocks continue to go through the correction phase or move sideways, redemptions are unlikely to increase substantially, especially in the mid and small-cap funds, says Sujit Modi.
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