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Nifty dropped below 24,200 on the last day of Samvat 2080, marking its worst month since March 2020 with a 6% decline in October. Foreign institutional investors (FIIs) have sold over ₹1 lakh crore, contributing to a 2,000-point correction from record highs. While midcaps faced pressure, smallcaps performed well, with pharma and media sectors remaining in the green.
Indian equity markets are consolidating ahead of the monthly expiry of futures and options contracts on October 31, with the Nifty 50 declining by half a percent on October 30. The index has been trading within the 24,100-24,500 range for a week, and a decisive move above 24,500 could signal upward momentum, while a drop below 24,100 may trigger selling pressure towards the August low of 23,900. Key stocks to watch include L&T, Dabur, Tata Power, and IRB Infra.
The festive spirit is dampened as the Nifty index experiences a significant drop, sliding below 24,350, with the Sensex down 450 points. Despite this decline, smallcaps outperform with a strong advance-decline ratio of 3:1 on the NSE, while FMCG emerges as the top sectoral gainer. In contrast, banks, IT, and pharma sectors face pressure.
Indian equities have experienced a remarkable year, with the Nifty 50 index delivering a 28% return since last Diwali. The surge in domestic liquidity and robust investment in equity mutual funds highlight India's position as one of the fastest-growing economies globally. As Samvat 2081 approaches, experts discuss potential market trends and investment opportunities.
Indian equity markets extended gains, rising half a percent but remained below the crucial 100-day EMA of 24,475. The rally was primarily driven by banks, with experts noting that a decisive close above 24,500 is essential for further upward movement. Key stocks to watch include Marico and Torrent Pharma, while L&T and Dabur are set to report Q2 earnings today.
Indian equity markets are experiencing a significant downturn, with the Nifty 50 and Sensex both dropping 3% last week. The Nifty has fallen below the 100-day EMA and the critical level of 24,200, prompting experts to predict a potential decline to 23,894 and further to 23,455. A "sell on rally" strategy is recommended, with particular attention on ICICI Bank's earnings reaction, alongside reports from Bharti Airtel, Sun Pharma, and Ambuja.
The Indian equity market continues to struggle, with the Nifty index poised for its fourth consecutive week of losses, closing slightly below the 24,400 mark. Weak earnings reports and ongoing foreign institutional investor sell-offs have contributed to this downward trend. Key stocks to watch include ITC and IndusInd Bank following their Q2 earnings, along with Coal India, JSW Steel, Indigo, BPCL, BOB, HPCL, and Shriram Finance.
Nifty tested 24,400 amid market volatility but closed off the day's low, with broader markets facing selling pressure. The NSE advance-decline ratio stood at 2:3, with FMCG, realty, and autos lagging, while banks and pharma gained. Key gainers included Ultratech, Shriram Fin, and SBI, while HUL and Hindalco were among the notable losers.
Nifty has experienced a sharp selloff, plunging below 24,500, with mid and small-cap stocks suffering significant losses of over 2-4%. All sectors are in the red, led by PSU banks and realty, as the NSE advance-decline ratio stands at a dismal 1:11. The PSU Bank index has dropped over 4%, while realty has fallen more than 3%.

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