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​For example, companies that we like within the space, Cipla, Divi’s, they are likely to report strong numbers. On the domestic focused side, we have Ipca Labs, Mankind which will be reporting strong numbers and these are some of our preferred picks as well from the overall pharma space.

The Reserve Bank of India approved Partha Pratim Sengupta as MD and CEO of Bandhan Bank for three years. He is expected to take charge by November 10, 2024. Sengupta was previously with State Bank of India and Indian Overseas Bank. Bandhan Bank completed a forensic audit related to insurance claims and expects a payout of Rs 1,231.29 crore.

Mazagon Dock shares are in focus due to a Rs 121 crore order from MAHAGENCO for an AI-based project. Shares rose over 8% following defense deals worth Rs 80,000 crore approved by the CCS, including the purchase of Predator drones and construction of nuclear submarines.

A dozen stocks are under a futures and options trade ban on Friday due to exceeding market wide position limits. These include Bandhan Bank, Birlasoft, Chambal Fertilizers, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, and Tata Chemicals.

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.

An uptrend signal is indicated when the RSI value crosses above 50 from below.

Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.

In Q2 FY25, mutual funds adjusted their portfolios, increasing their stakes in several large-cap stocks such as Axis Bank, Adani Ports, and Punjab National Bank, among others. Notable increases include a 1.6% rise in Axis Bank and a 1% hike in Samvardhana Motherson International.

Nifty futures gained 0.17% to 25,126. Options data indicates a broader trading range of 24,600 to 25,500, with immediate resistance at 25,150. Analysts suggest that maintaining below 25,150 could lead to weakness toward 24,850.

Jane Street accused Millennium and former traders of stealing the “immensely valuable” strategy, causing significant losses. But lawyers for the defendants said in a previously sealed motion released Monday in redacted form that Jane Street’s India options team posted record results in the months after the traders left to join Izzy Englander’s hedge fund group.