Latest Stock Market News

"As far as valuations are concerned, our Fair Value Spectrum indicates that valuation for Nifty 50 is in the “Fair” zone. Within equity, our reading of the situation is that, large caps are relatively attractive than small and midcaps. Then we must consider two aspects while discussing the topic of asset allocation: current allocation and incremental allocation."

Bitcoin has more than doubled this year in part on bets that the Securities and Exchange Commission may approve applications from the likes of BlackRock Inc. to start the first US ETFs investing directly in the token.

“We will broadly be between 18,500 and 20,200, the previous highs that we crossed. Markets are really not going anywhere in a hurry. It is going to be a pick and choose market for all that you know. But it is a very good time to create a portfolio for the medium term, post the central elections in 2024. ”

Of the top 10 listed software companies, mutual funds increased their holding in eight of them, while FIIs have done it in seven of them, shareholding data for the September quarter analysed by ETMarkets showed.

The Fed held policy rates steady in the 5.25%-5.50% range on Wednesday, with Powell saying that inflation had been coming down and pondering further rate hikes.

"Maruti within the four-wheeler pack remains on our buy watch list. Within the two-wheelers, TVS has produced another set of brilliant numbers quarter after quarter. The expectations in terms of margins remaining in that range of 10.5%, 11%. In telecom, even if it is not a scenario where hikes can be substantial but they will come in the next few quarters and can create a huge impact. We remain optimistic on Airtel ."

During the quarter, FIIs raised their stake in at least 529 stocks, out of which a vast majority of 496 counters have given positive returns in the fiscal year and 95 have more than doubled investor wealth, shows ACE Equity data.

On the weekly options front, the maximum Call OI is placed at 19100 and then towards 19200 strikes while the maximum Put OI is placed at 18800 and then towards 18900 strikes.