“We expect banks, manufacturing, and capital goods segments to do well. Budget spending on defense and infra, interest rates peaking and continuing push to Make in India & China + 1 factors are the basis of our expectations. Defensive sectors like Pharma will also be important to combat possible market volatility due to news flow and macro events.”
Big Bullion Sale: Gold shines amid festive fireworks
Sales of the worst affected mass-to-mid segment products across categories have also seen a slight improvement in this season with single-digit growth, according to companies, retailers and market researchers. The revival has been driven by urban and semi-urban markets, with the critical rural markets still showing no signs of a recovery.
Taking Stock: Sensex, Nifty eke out gains on late buying, metal, financials shine
Economists are expecting retail inflation to come down, which is making investors comfortable. Moreover, continuous mutual fund flows and festivities around Diwali also led to some buying in the market.Mid-day Mood | Benchmarks slip on hawkish Fed chair commentary, Nifty below 19,400
The lingering concern that ‘the rates may remain higher for longer’ will continue as a headwind for stock markets for some time, say analystsWhichever party comes to power, the markets will continue to rise: Shankar Sharma
According to a report from Morgan Stanley, the 2024 elections could yield different market outcomes based on the results. If the current government secures a clear majority, the market may gain 0 to 5 percent in the three months following the electionStocks in focus: Aurobindo Pharma, Lupin, Fusion Micro, Orient Cement and more
US Fed could hike rates again if ‘appropriate’: Powell
“We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes,” Powell told a conference in Washington.
Dollar eyes best week against yen in three months; cryptos leap
The dollar stood near a one-year high at 151.38 yen on Friday and touched one-week highs against the Australian and New Zealand dollars.
Taking Stock: Nifty tad below 19,400, Sensex falls 143 pts; Oil Gas, FMCG, IT major drag
Mixed trend seen on the sectoral front with realty and auto indices up 1 percent each, while Oil Gas, FMCG, Information Technology indices down 0.5 percent each.Mid-day Mood | Market swings between gains and losses, Fed chair speech eyed for cues
Midcap stocks managed to outperform the frontline indices, with Nifty Midcap 50 trading 0.56 percent higher from the previous close