




Eicher Motors and BPCL could see an exit from the benchmark during the March rebalancing, said JM Financial.
Today's market fall marked the index’s fifth straight session of losses amid persistent selling pressure from foreign institutional investors (FIIs). The downturn was intensified by sustained foreign investor outflows, disappointing corporate earnings, and rising inflation.
China reclaimed the top spot in the MSCI EM IMI in October, as India’s weight fell amid outflows and earnings concerns. Morgan Stanley remains bullish on India’s long-term growth, projecting a $6.2 trillion market cap by 2027.
India is slated to drive one-fifth of global growth over the coming decade, said Morgan Stanley.
All sectoral indices traded with gains; Nifty IT, Nifty PSU Bank, Nifty Realty and Nifty Oil & Gas were among the outperformers.
A Republican victory is expected to spark a short-term rally in domestic equities, but its sustainability will depend on ongoing earnings growth and valuation levels.
Bernstein said it expects a 'further but limited moderation' in Nifty from present levels to around 23,500 — which is also its year-end target for the index.
All sectoral indices traded with losses of over a percent or more; Nifty Realty, Nifty Metal, Nifty Media and Nifty Oil & Gas indices were among the worst hit.
FIIs have offloaded a substantial volume of index futures while simultaneously increasing positions in put options, indicating caution regarding market stability. Meanwhile, DIIs have sustained their buying momentum in the cash market.
Over the past year, shares of Jyoti Structures have run up 140 percent, more than doubling investors' wealth.
The index has a base date of March 02, 2006 with a base value of 1000, and each stock in the index is equally weighted. Stocks that are part of the Nifty 50 index at the time of review are eligible for inclusion in the index.
IT and banking stocks are likely to remain resilient on the back of expected good Q2 numbers. However, there is only limited scope for the market to move up sharply from here.
The Nifty derivatives data shows a bullish sentiment ahead of the RBI Monetary Policy due today. Bank Nifty futures show a potential short covering rally. Traders are positioning for potential upward movement in both indices.
While the Reserve Bank of India may keep repo rate on hold, its forward guidance will be crucial for the market direction ahead. Any surprise rate cut could lead to sharp short covering in the markets, potentially pushing the Nifty beyond key resistance levels.
Leading the index were Trent, Dixon Technologies, and public sector firms like PFC and REC, with strong growth expectations driving their stocks higher.
So far in October, foreign institutional investors have net sold shares worth Rs 30,720 crore over three trading sessions.
“Investors should purchase stocks like they purchase groceries, not like they purchase perfume.” - Benjamin Graham
In the last 10 years, the Nifty 50 index has closed in the green on eight occasions with an average return of 1.7 percent and a median return of 2.5 percent.
The inclusion of Trent and BEL is expected to bring passive inflows of $702 million and $430 million into the headline Nifty 50 index.
Large-caps are set for a period of outperformance over the coming weeks, according to CLSA's Laurence Balanco.