Nifty outlook and two stock picks by Vinay Rajani of HDFC Securities

Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500

Chart

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

In August, BofA had revised its Nifty target upwards twice citing reduction in macro uncertainty

chart

Since these funds can be volatile, limit your exposure to 5 per cent

Nifty P/E 82% higher than MSCI EM; up from 54% in June

commodity derivatives

Market players said this could be due to punching error where the trader sold 14,500 call options instead of 16,500 call options

graph

India Inc, profit margins

Industry players say biggest impact could be on derivative futures volume followed by cash market volumes

Technology, stock markets

The candlestick formation on the daily chart of Nifty50 index resembles engulfing pattern. On Friday, the index closed 69 points or 0.64 per cent lower, thus engulfing the previous candle.

VIX has stayed fairly high, which indicates that fear exists. Breadth has been negative and there's more volume in net losers

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

Lignite

To push their products in the Indian market, Apple Inc has not passed on to customers the cost of the hefty dealer margins offered to iPhone resellers and distributors

Apple Store Saket

How three men passionate about 'cool' motorcycles are trying to make India fall in love again with Jawa and Yezdi, with a leaf out of Royal Enfield's book

Jawa

The government is also likely to have sweeping powers to track, monitor, intercept, moderate and take down online content under the new law

aadhaar

India is not planning any changes to its tax regime to help Indian government bonds be included on other global indices, a government source said on Wednesday

Under the scanner: Clutch of fund houses in a spot over tax credit claims

Tax , Tax scanner

The JD(S) had on September 22 joined hands with the BJP-led NDA to take on the Congress party in Karnataka in the 2024 Lok Sabha elections

DEVE GOWDA

The number of athletes fell by half after doping control officers of NADA reached the Jawaharlal Nehru Stadium

Lalit Kumar

The management has set an ambitious growth plan called 'Vision 2027', aimed at achieving a compound annual growth rate (CAGR) of at least 25 per cent

Gravita India

Priced at Rs 24,990, the Sony WF-1000XM5 wireless earbuds are available for pre-booking with introductory offers that includes a cashback of Rs 3,000

Sony leadership team in India at the launch of WF-1000XM earbuds

(L-R) Tomohiro Nakashima - Deputy Managing Director, Sunil Nayyar - Managing Director, and Shohei Toyoda - Head of Audio Business, Sony

Tripura is planning to buy 80MW additional power to ensure uninterrupted electricity during Durga Puja, Power Minister Ratan Lal Nath has said.
This year, the state's power demand is expected to be around 380MW during the Durga Puja days, Nath said after a review meeting here on Friday.
In 2021, the state's peak hour demand during Durga Puja, the state's biggest festival, was 327MW, which rose to 332MW in 2022, he said.
"Like previous years, Tripura State Electricity Corporation Ltd (TSECL) has taken steps to provide uninterrupted power during Durga Puja. We expect the demand to be around 380MW this year during the festival days," he said.
"The state currently has 300MW power. TSECL will arrange an additional 80MW to meet the requirement during Durga Puja,' he added.
He hinted at cutting down power sales to Bangladesh to ensure adequate power supply during the festival days. At present, the state sells 100MW power to the neighbouring country daily.
Nath appealed to the Puja organ

Durga Puja festival

The Bengaluru Police have busted a Rs 854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme, officials said on Saturday.
Out of the total cheated amount, Rs five crore had been frozen, they said.
The accused gang lured the victims through Whatsapp and Telegram. Initially, they were asked to invest smaller amounts ranging from Rs 1,000 to 10,000 on the pretext that they would earn Rs 1,000 to 5,000 per day as a profit, a senior police officer said.
Thousands of victims invested money ranging from Rs one lakh to 10 lakh or more, he said.
The money invested by the victims was dumped into different bank accounts through online payments. However, after completing the investment process, when the victim tried to withdraw the amount, they never got any refund, he added.
Once the amount was collected, the accused diverted the consolidated money to mule accounts (related to money laundering), the ..

arrest

The 'rail roko' stir of Punjab farmers demanding compensation for crops damaged in the recent floods, a legal guarantee on MSP and a sweeping debt waiver entered its third day on Saturday.
The agitation has hit the movement of trains, with many being cancelled, short-terminated or diverted, railway officials said.
The farmers have been blockading railway tracks at several places in Faridkot, Samrala, Moga, Hoshiarpur, Gurdaspur, Jalandhar, Tarn Taran, Sangrur, Patiala, Ferozepur, Bathinda and Amritsar since Thursday as part of their three-day agitation.
The protest has left hundreds of rail passengers stranded in Punjab and Haryana.
A railway passenger at Ludhiana station said he arrived from Jalandhar City by road to take a train to Gorakhpur but there is no information on when it will arrive.
Another passenger at the station said the agitation forced the cancellation of a train from Amritsar in which 12 of his family members were supposed to travel to Bihar.
They later learned 

farmers protest, rail roko

In cases registered or transferred to the CBI, teams have to visit the scene of the crime, recreate the scene, collect forensic evidence, and send it to the Central Forensic Science Laboratory

Biren Singh

The Indian women's volleyball team started their campaign at the Asian Games on a disappointing note, losing 1-3 to North Korea in their opening match here on Saturday.
India won the first set but failed to continue the momentum and lost to North Korea 25-23, 22-25, 17-25, and 16-25 in a Pool A match that lasted one hour and 53 minutes at the Deqing Sports Centre in Gymnasium.
North Korea's Hyonju Kim emerged as the star performer, scoring a maximum of 30 points, while India's Soorya scored a maximum of 18 points in the match.
India will face world no. 6 China in their next pool match on Sunday.
Indian men's team ended its campaign at the sixth place.

Nifty trading

Nifty outlook and two stock picks by Vinay Rajani of HDFC Securities

One year of Nifty's lifetime high: Domestic equities stuck in a loop

BofA cuts Nifty target to 17,500, cites rupee depreciation, global slowdown

Strong rebound in BFSI funds makes a good case for taking an exposure

India's valuation premium to emerging market peers at five-month high

Freak trade in Nifty options? Contracts with strike price 14,500 allowed

Most Nifty 50 firms beat sales estimates, many fare worse on profitability

New margin norms weigh on volumes, brokers estimate 10-15% impact

How to trade Maruti, L&T, HEG, Graphite India and UltraTech Cement

Move below the 200-day moving average indicates a long-term bear market