Sensex
RBI Urges Banks to Strengthen Cybersecurity Amidst Rising Fraud Cases
In his address at the FIBAC 2023 conference, Rao highlighted the rapidly evolving banking landscape, emphasizing the rise in financial inclusion, customer access, product diversity, and convenience.
Anticipating Market Breakout: Potential Triggers Await in State Election Results
He speculates that confirmation of political stability post the 2024 General Elections through the state election outcomes could initiate a pre-election rally.
Morgan Stanley Forecasts Sensex to Hit 74K by December 2024
In the Base case, which holds a 50% probability, the projected BSE Sensex target stands at 74,000.
Sensex Surges 400 Points, Breaks Past 66,000 Mark
V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted a notable trend in the market: the growing influence of Domestic Institutional Investors (DIIs), High Net Worth Individuals (HNIs), and retail investors, contrasted by the diminishing impact of Foreign Portfolio Investors (FPIs).
Buy on dips strategy has worked well for investors
Buy on dips strategy has worked well for investors with risk-appetite. The market construct now is favourable for the bulls despite the uncertainty surrounding the Israel-Hamas conflict, he said.
Reliance Industries leads Sensex gains
The other major factor impacting the markets -- the elevated US bond yields -- also will remain a short term concern since the Fed is likely to continue its hawkish stance in the light of the resilience of the US economy and inflation (3.7 per cent) remaining above the Fed’s target. So watch out for the Fed’s message on November 1 even while it holds the rate as the market expects, he said.
Short-term trend of Nifty continues to be negative, say analysts
While Nifty closed 281 points down at 18,841, Sensex fell 900 pts to close 63,148.
Sensex plunges more than 800 points to fall below 64k mark
Sensex is down by 832 points at 63,216 points in morning trade amid massive selling the markets.
Weakness in small and mid-caps likely to persist
Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict. Investors may opt for a cautious approach to the market till some clarity emerges on the geopolitical situation, he said.
Advertisement