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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.

first published: Oct 18, 2023 08:32 am