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«So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs,» says Aditya Arora, Adlytick. It looks like this week, unlike the previous weeks, we started on a good foot. But where do you see the markets trading at this point in time, the range that you are seeing for the benchmarks? Aditya Arora: We can see that on the screen and what I like today is the leadership in a lot of largecaps and the leadership by banking name, which is pulling Bank Nifty almost 1000 points higher, Nifty almost 200 points higher. So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.

Vinit Sambre, Head-Equities, DSP Mutual Fund, says the visibility of good growth, cash flows, ROEs going forward over the next one or two years is going to get rewarded as there is an overall slowdown in the earnings. Within each category, it is going to be pretty stock specific because there is a significant divergence in the performance across the same categories across different companies. There is a good outlook on the consumer discretionary category as cyclical recovery should see that category doing well going forward. Sambre is positive on the banking sector and says the IT sector looks decent. He likes QSRs and says consumer discretionary is something they believe in long term. Sambre says there are sectors like utilities, and some engineering companies, which are trading at expensive valuations where he is a bit more wary about taking high exposures. What explains the market mood that we are in and when do you expect a reversal of sorts? Is it likely to happen in a few weeks or is it a matter of a few months before we see a resumption of the uptrend? Vinit Sambre: When we look at the markets over the last couple of weeks, there is good weakness which has happened.

The Nikkei ended 0.08% higher at 39,533.32, while the broader Topix inched down 0.09% at 2,739.68.

Mexico is facing a second Donald Trump presidency, and few countries can match its experience as a target of Trump’s rhetoric: There have been threats to close the border, impose tariffs and even send U.S. forces to fight Mexican drug cartels if the co...

Subscribe to enjoy similar stories. MUMBAI : Index options trading on the National Stock Exchange (NSE), the country's largest stock exchange, hit a record high based on the number of contracts traded in October, which saw a 6% pullback in the bellwether Nifty amid tepid earnings growth, rising tensions in the Middle East, and uncertainty over the US presidential elections.

Macrotech Developers Ltd.(up 2.46 per cent), Prestige Estates Projects Ltd.(up 1.24 per cent), Sobha Ltd.(up 1.16 per cent) and Oberoi Realty Ltd.(up 0.91 per cent) were among the top gainers.

The same stood at Rs 137 crore in the corresponding quarter of the previous financial year. Meanwhile, on a quarter-on-quarter (QoQ) basis, the figure had declined by 62%.

Benchmark NSE Nifty index fell 5.0 points to 24143.2 amid selling in frontline bluechip stocks.

Cholamandalam Investment & Finance Company Ltd. rose 0.52 per cent to Rs 1266.75 in Monday's trade. It hit an intraday high of Rs 1269.80 and low of Rs 1245.05, respectively, during the day. The stock quoted a 52-week high price of Rs 1650.00 and low of Rs 1011.50.

Future Consumer Ltd.(up 4.17%), Britannia Industries Ltd.(up 2.06%), Parag Milk Foods Ltd.(up 1.60%), Emami Ltd.(up 1.21%), Nakoda Group Of Industries Ltd.(up 1.06%), Patanjali Foods Ltd.(up 0.62%), ADF Foods Ltd.(up 0.30%), Sheetal Cool Products Ltd.(up 0.22%), Hindustan Unilever Ltd.(up 0.10%) and Hindustan Foods Ltd.(up 0.08%) were among the top gainers.

MphasiS Ltd. 0.15 per cent to Rs 2862.60 at 10:25AM (IST) in Monday's trade. The counter hit a high of Rs 2881.80 and low of Rs 2822.10 so far during the session. The stock had closed at Rs 2858.10 in the previous session. The counter had a total traded volume of 10:25AM shares so far with a turnover of Rs 0.36 crore on BSE. The stock traded at a price-to-earnings multiple of 34.08 and a price-to-book ratio of 5.13.

PPAP Automotive (up 20.00%), Trans Freight(up 20.00%), Pix Trans(up 19.99%), VCU Data Mgmt(up 18.60%), Vardhman Hold(up 16.21%) and Summit Sec(up 15.64%) were among the stocks that surged over 15%.

Asian Paints on Monday fell 9% to an intraday low of Rs 2,511.65 on the BSE after the company on Saturday reported a 42.5% year-on-year (YoY) fall in its consolidated net profit for the quarter ended September 2024. The company reported the PAT at Rs 694.6 crore vs Rs 1,205.4 crore posted in the corresponding quarter of the previous fiscal year amid muted consumer sentiments.

Sensex and Nifty50, opened lower for the third consecutive session on Monday, as concerns over weak earnings and continued foreign outflows weighed on domestic equities. At 9:35 am, the BSE Sensex was down 34.20 points, or 0.04%, at 79,452, while the Nifty50 lost 8.80 points, or 0.04%, trading at 24,139.40.

buy call on UltraTech Cement with a target price of Rs 12,320. The current market price of UltraTech Cement is Rs 11126.9. UltraTech Cement, incorporated in 2000, is a Large Cap company with a market cap of Rs 319214.07 crore, operating in Cement sector. UltraTech Cement's key products/revenue segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.

Global brokerage firm Jefferies has cut FY25 earnings estimates for 63% of 121 companies, its highest downgrade ratio since early 2020. Earnings cut by Jefferies analysts imply a 2.2-2.5% cut in Nifty earnings estimates during the ongoing results season.

Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations

Subscribe to enjoy similar stories. Amid much anticipation, China on Friday unveiled a $1.4 trillion economic support package, but left many disappointed, given the absence of any direct measures to address overall demand.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Bank Nifty Share Price Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels As of the last trading session, the Bank Nifty closed at a price of 51,916.5. This figure represents the index's performance for that day, reflecting the overall movement of the banking sector stocks included in the index.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Share Price Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels The Nifty 50 closed at 24,199.35, reflecting the market's performance on that day. This figure represents the index's value, which is calculated based on the weighted average of 50 of the largest and most actively traded stocks listed on the National Stock Exchange of India.

Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Highlighting the weak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October while producer price deflation deepened.