Stocks to watch- TCS, TVS Motor, IDFC First Bank, Biocon
Stocks in Focus: GIFT Nifty traded down 0.53% at 19,665, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. On Friday, the NSE Nifty 50 gained 0.55% to settle at 19,653.50, while the BSE Sensex added as much as 263.06 points to 65,995.63.
“The risk of higher inflation led the RBI to become more realistic in their policy approach. The central bank maintained a hawkish tone on liquidity management, as they may consider OMO to contain liquidity in the system, which led to India’s 10-year yield inching higher. The market, however, reacted positively, as the status quo on the growth rate and a further drop in oil prices provided near-term support,” said Vinod Nair, Head of Research at Geojit Financial Services.
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Stocks to Watch on October 9, 2023
TCS
The Indian IT giant has announced that the Bo…
Valiant Laboratories sees strong debut; lists over 16% premium on bourses; Should you hold or book profit-
Valiant Laboratories shares listed at 15.82% premium over IPO price on bourses. The share debuted at Rs 162.15 on the NSE and at Rs 161 on the BSE, as compared to the issue price of Rs 140. The investors have made a profit of Rs 22.15 per share as the scrip gave nearly 16% return to investors on the listing.
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Should you hold or book profit ?
The IPO was subscribed 29.76 times, indicating a positive response from investors. “Overall, the listing of Valiant Laboratories was positive, with the company receiving a good response from investors. However, investors should carefully consider related risks as well, like the company’s single-product focus, dependence on a limited number of suppliers and customers, and the competitive industry. Thus, investors are advised to book profits and exit their positions, but those who want to hold for the long t…
Stocks to Watch- RIL, Dr Reddy’s Labs, UltraTech Cement, IDFC First Bank
Stocks in Focus: GIFT Nifty traded up 53 points or 0.28% at 19,081, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Friday, the NSE Nifty 50 soared 190 points or 1.01% to settle at 19,047.25, while the BSE Sensex climbed 634.65 points or 1.01% to 63,782.80.
“Markets took a breather after three days of successive falls and gained nearly a percent on Friday. After the gap-up start, Nifty gradually inched higher as the session progressed and finally settled at 19,047.25 levels. Mostly sectors contributed to the move wherein realty, energy and financials were among the top performers. The broader indices also participated in the rebound and gained in the range of 1.5%-2%. Nifty has respected the support zone of long term moving average i.e. 200 EMA and witnessed a rebound on expected lines however participants shouldn’t read much into a single-day recovery,” said Ajit Mishra, SVP …
Religare Broking expects market volatility to remain high ; advises ‘Buy on Dips’ strategy
By Ajit Mishra
Markets rebounded after two weeks of profit taking and gained over a percent. The week kicked off on an upbeat note, buoyed by positive cues from the global markets.
However, volatility ensued as the week progressed, with the markets grappling with uncertainties surrounding mixed earnings.
A sharp surge on Thursday further eased concerns but profit taking in the final session capped the momentum. Eventually, both the benchmark indices, Nifty and Sensex, settled at 22,419.90 and 73,730.10 levels respectively.
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