The US Federal Reserve’s core inflation data slated to be released on Friday will be eyed closely for further cues on rate cuts
Financial services get highest foreign inflows in first half of September (23-09-2024)
Overseas investors purchased Indian equities worth ₹32,779 crore across 17 sectors in the first half of September. Financial services received the highest inflows at ₹12,253 crore. Healthcare, consumer durables, and FMCG sectors also saw significant investments. However, the automobile sector faced the highest outflows at ₹1,983 crore.
Afcons Infrastructure’s IPO to open in early October (23-09-2024)
Afcons Infrastructure’s billion-dollar IPO, the largest in over two years, is set to launch in early October. The Shapoorji Pallonji Group’s engineering arm may increase the issue size to ₹8,400 crore. Proceeds will fund capital expenditure, working capital needs, and debt repayment. ICICI Securities and others are managing the issue.
Simple Investing (23-09-2024)
Just to butt in here,
Capital allocation strategy or even finding the right strategy for every individual is a tough task.
Every individual has to identify it over time. Momentum, Fundamental, concentrated bets, or 50 share soup, F&O strategy at the individual level will all depend on one’s personality, temperament, ability to learn, and the power to withstand gains or losses without getting screwed up in the head.
Looking to make a quick buck? Strong IPO listing offers no guarantee of sustained gains (23-09-2024)
Investors eyeing quick profits from IPOs might benefit from selling newly-acquired shares soon after listing. Data shows that out of over 100 IPOs in 2023, many stocks failed to maintain their initial gains. Analysts suggest selling on the first day if shares hit the upper circuit for short-term gains.
Technical Views: Nifty in overbought zone, but 26,250 possible (23-09-2024)
Nifty shows a sharp positive trend with a potential target of 26,250 and immediate support at 25,600. Analysts advise caution due to high FPI long-short ratios and overbought conditions. Stocks like HDFC Bank, Kotak Bank, Maruti, and L&T are forming bullish trends. Investors should consider stock-specific opportunities while monitoring key support levels.
Osho Krishan of Angel One recommends buying Marico & JSW Energy on Sept 23 (23-09-2024)
Marico has showcased a strong resurgence from the pivotal support of the previous breakout on the daily time frame chart and has soared to record-high levels.
Stocks To Watch: HDFC Bank, Adani Total, Max Health, IIFL Finance, APSEZ (23-09-2024)
Stocks to Watch: Indian markets were likely to start on a positive note on Monday, as indicated by GIFT Nifty futures that were at 25,900, around 150 points ahead of Nifty futures’ last close.