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“The challenges which the IT companies had still continue. They have worked very hard to ensure the cost escalation does not happen. They have also worked towards gaining large orders.”

‘Nifty ended the week with a modest gain despite selling in the banking sector. Overall, the sentiment is expected to stay positive as long as it maintains above the critical support level of 19,500 as put writers are likely to offer support at this level.’

Strong support from government capex has ensured sustained momentum in investment activity. Further, private sector capex is also gaining ground, as indicated by the expansion in production and imports of capital goods.

The highlight of the week was the surging US 10-YR yields that put pressure on global equities and India was resilient, but no different. The markets went on to test key support levels on the weekly charts and experienced a technical rebound from there.

The power sector, which had seen the highest inflows in August, saw the highest outflows in September. FPIs sold net shares worth Rs 9,731 crore last month, following a net investment of more than Rs 11,500 crore in August

Axis Securities believes that the Indian economy stands at a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy

Religare Financial Services has filtered the list of top dividend-paying PSU companies based on their fundamental strength and selected 10 stocks.

US employers added 336k jobs versus the forecast of 170k jobs in September as a two-month payroll net revision was noted at +119k. The unemployment rate came in at 3.8%, which was slightly higher than the estimate of 3.70%.