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​So, I think a lot of tiggers there. The monsoon, for example, normal distribution, the spatial distribution needs a study a bit, but kharif sowing has been ahead of target, so that augurs well for inflation. So, if food and fuel, both the inflation are trending down, that maybe triggers RBI into a more accommodative stance. Whether a rate cut happens in October 1st week or not, I do not think, it is early days for that but at least the outlook of a trending accommodative stance augurs well for the equity markets. So, overall, I see lots of positives, but sector specific, stock specific, the earnings season will give us more clarity and guidance.

Shares of Bharat Electronics will be in focus after the government approved a joint venture with Israel Aerospace Industries. The JV will support Medium-Range Surface to Air Missile Systems in India. BEL shares have risen significantly, delivering 111% returns in the past year and 57% this year.

The stock market follows a historical pattern of rewarding new entrants. Out of the 15 stocks that have been included in Nifty since 2018, 11 of them have given positive returns in the next 12 months of their entry, shows data from SAMCO Securities.

While Nifty scaled an all-time high of 26,277.35 on Friday and is still going strong, in the previous 10-years leading to 2023, it had ended with declines on six occasions. Its worst fall was in 2018 (-6.04) while its highest gain in 2019 (4%).

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.

Nitin Raheja from Julius Baer Wealth Advisors discusses the influx of IPOs in the Indian market, and these are bringing back FIIs. Raheja also highlights sectors like power and healthcare. He also touches on the performance of passenger vehicles and private banks, suggesting a positive outlook for the festival season and potential growth in these areas.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Shares of Biocon have surged 44% in 2024 to date and 30% over the past two years, with the company currently holding a market capitalization of Rs 44,266 crore.

Nifty holds at 26,000 and approaches a key resistance zone of 26,200. A minor profit booking or sideways consolidation is expected. Shrey Jain of SAS Online suggests a buy-on-dips strategy for the index with a broader range of 26,500-26,000 for the coming week. An Iron Butterfly strategy is recommended for neutral positioning.

Nifty has gained about 4% in the month of September, and if we look at the medium-term chart, the index has gained 23% since the General Election results, all within just 4 months. That’s “too fast, too furious.” Nevertheless, this strength in the market might continue in the short to medium term.