Banking and finance

Nifty50: Market Watch: Should you be a buyer in this market? | The Economic Times Podcast

Welcome to ETMarkets Watch, the present about shares, market tendencies and money-making concepts. I’m Bhaskar Dutta. and listed here are the highest headlines at this hour.

Rising oil & coal costs pose macro dangers, says Morgan Stanley
Passenger car dispatches drop 41% in September
PE, VC investments halve in Sept: Report
Adani takes over Trivandrum Airport ops
Cos search govt assist to fulfill 2030 EV goal
Authorities okays telecom PLI proposals price Rs 3,345 crore

Let’s take a fast look at what occurred on Dalal Road at the moment.

Home fairness markets prolonged the bull run for the sixth straight session as benchmark indices scaled new lifetime peaks forward of the prolonged weekend. Easing inflation in India boosted the morale of traders however international indicators of tightening could make the market jittery. Higher than anticipated company earnings lifted the markets increased. Barring autos, shopping for actions had been seen throughout the sectors led by financials, banks, metals and realty counters. BSE Sensex scaled the 61,000 mark for the primary time. The BSE barometer added 570 factors to shut simply above 61,300, solely 50-odd factors under its day’s excessive. Nifty50 gained about 180 factors to shut above 18,335. It scaled 18,350-mark in the course of the day. The broader markets underperformed however each BSE midcap and smallcap indices settled in inexperienced. Concern gauge India VIX eased over 2 per cent, slipping under the 16 degree.

On BSE Sensex, ITC, HDFC Financial institution and Energy Grid zoomed 3 per cent every. They had been adopted by ICICI Financial institution, IndusInd Financial institution, NPTC, L&T, Tech Mahindra, SBI, Bajaj Finserv and HDFC, which gained 2 per cent every. Tata Metal, Titan and Axis Financial institution added a per cent every. Among the many losers, TCS, HCL Tech, Bajaj Finance and Asian Paints shed a per cent every. Airtel, M&M, Bajaj Auto and Solar Pharma additionally ended the week decrease. Over 355 shares hit higher circuit limits for the day, whereas greater than 220 shares hit the decrease circuit. About 165 shares examined their 52-week highs in the course of the session.

Now we have Vinod Nair from Geojit Monetary Providers to share his views on the day’s motion and the highway forward:

Welcome to the present sir:

1. What’s behind the 6-day rally? Would you be a purchaser on this market?
2. The index degree rally has been led by IT shares. When will banks, auto and different underperforming sectors begin performing?

We additionally caught up with Brijesh Bhatia from Equitymaster to decode the technical charts for you.

1. Nifty50 scaled 18,300 in the course of the session. What do technical charts recommend about it?
2. Nifty Financial institution scaled new life highs in the course of the session. The place is it headed?

Asian markets settled largely increased for the day. Main European markets had been buying and selling with beneficial properties cues within the first few hours of commerce. US inventory futures had been up hinting in direction of a constructive begin to US equities later within the day.

That’s all for now. Do take a look at for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Take pleasure in your night. Bye Bye!

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