Indian equity indices BSE Sensex and Nifty50 opened higher on Thursday due to gains from global peers. The rise is supported by the Federal Reserve’s policy meeting minutes, which hint at potential US rate cuts. This anticipated ease in US monetary policy could lead to increased foreign inflows into emerging markets like India.
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Bullish Momentum: 10 stocks with White Marubozu Pattern on Oct 9 (10-10-2024)
Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.
F&O Radar | Deploy this strategy in Nifty to make potential gains from a range (10-10-2024)
Nifty closed lower on Wednesday, erasing earlier gains after the RBI shifted its liquidity stance to ‘neutral,’ signaling a potential rate cut. The index ended down 0.12% at 24,981.9. Jay Thakkar of ICICI Securities noted that the PCR remains oversold, suggesting further bounce-back potential. However, the MACD indicates a sideways to negative trend. Immediate targets are 25,300 for resistance and 24,818 for support
GR Infraprojects shares jump nearly 6% after securing Rs 903.5 crore contract from Maharashtra Metro Rail Corp (10-10-2024)
GR Infraprojects’ shares surged 5.8% after winning a Rs 903.5 crore contract from Maharashtra Metro Rail Corporation for an elevated metro viaduct in Nagpur. The project, spanning 17.6 km, will be executed on an EPC basis, with a 30-month construction timeline, boosting the company’s market presence.
HDFC Bank, PNB among 9 large-cap stocks where FIIs increased stake in Q2 (10-10-2024)
Based on StockEdge data, here are nine large-cap stocks from the Nifty 200 index where FIIs increased their stake in Q2
L&T stock in focus after Rashtriya Chemicals awards Rs 1,000-crore contract for new fertilizer plant (10-10-2024)
Larsen and Toubro (L&T) shares will be highlighted on Thursday following a contract award from Rashtriya Chemicals and Fertilisers (RCF) for the establishment of a 1200 MTPD complex fertilizer plant at RCF, Thal, on a lumpsum turnkey basis.
Hot stocks: Brokerage views on Varun Beverages, PB Fintech, Tata Tech, 360 One and GMR Airports (10-10-2024)
Brokerage firms have issued varied ratings on several stocks: HSBC and Jefferies maintain buy ratings on Varun Beverages and GMR Airports, respectively. Bernstein has an outperform call on PB Fintech, Axis Capital rates Tata Technologies as reduce, and UBS initiates a buy on 360 One, reflecting a mix of optimism and caution in the market.
ETMarkets Smart Talk | Why India’s growth story remains intact despite global geopolitical concerns? Anil Rego explains (10-10-2024)
In fact, I believe that if this geopolitical tension hadn’t arisen, there would have been another reason for volatility. Even though the medium- to long-term outlook is very good, in the short term, there will be corrections when markets run up too much.
Stocks to buy today: RIL, Cipla among top 6 trading ideas by experts for October 10, 2024 (10-10-2024)
The Indian market is expected to consolidate on Thursday, influenced by mixed global cues. The Nifty futures experienced a slight decline of 0.05%, closing at 25,119. Key options data indicate maximum Call OI at 25,500 and 26,000 strikes, while maximum Put OI is at 24,000 and 24,500. Analysts suggest a broader trading range of 24,600 to 25,500, with immediate levels between 24,800 and 25,300.