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On Friday, gold and silver settled on a positive note in the international as well as the domestic markets. Gold October futures contract settled at Rs 74,040 per 10 grams with a gain of 0.82% and silver December futures contract settled at Rs 90,135 per kilogram with a gain of 0.19%.

On September 20, the closing prices of four stocks dropped by more than 1.5% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Indian benchmark equity indices reached new record highs on Monday, led by gains in Bharti Airtel, M&M, and HDFC Bank. The BSE Sensex rose by 287 points to 84,831, while the Nifty50 increased by 100 points to 25,891. Optimism about a potential soft landing for the US economy fueled market sentiment.

Top brokerage firms have shared their latest stock recommendations. Investec has given a buy rating to Chola Finance and Glenmark Pharma, while Citi maintains a buy call on Indus Towers. Nomura has initiated coverage on Indegene with a neutral rating. These insights are sourced from ETNow and other outlets.

Nifty shows a sharp positive trend with a potential target of 26,250 and immediate support at 25,600. Analysts advise caution due to high FPI long-short ratios and overbought conditions. Stocks like HDFC Bank, Kotak Bank, Maruti, and L&T are forming bullish trends. Investors should consider stock-specific opportunities while monitoring key support levels.

Investors eyeing quick profits from IPOs might benefit from selling newly-acquired shares soon after listing. Data shows that out of over 100 IPOs in 2023, many stocks failed to maintain their initial gains. Analysts suggest selling on the first day if shares hit the upper circuit for short-term gains.

Overseas investors purchased Indian equities worth ₹32,779 crore across 17 sectors in the first half of September. Financial services received the highest inflows at ₹12,253 crore. Healthcare, consumer durables, and FMCG sectors also saw significant investments. However, the automobile sector faced the highest outflows at ₹1,983 crore.

Assuming that they add 20 gigawatt of capacity and market is discounting next two to three years kind of a capacity addition, I think 40,000 to 50,000 crore kind of market cap one can expect from near term perspective.

So, with the upstream tightness and coupled with the contradicting lacklustre demand from the downstream metals, we could see a push-pull factor in terms of having stronger upstream cost support, but at the same time weakening demand price support on the downstream end as well.