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Looking at the overall scenario, we believe that the focus is gradually shifting towards the largecap and midcaps are still under profit booking. So, major focus will shift on the largecap and very select pocket can do well as technical structure for the sector like pharma, chemical, little bit buying action has been witnessed in the metal as well as in the IT space also. So, these all three-four spaces can be looked at for near term.

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The Sensex declined 0.38% in the past five trading sessions, but five stocks with a market cap over Rs 2000 crore consistently increased in price.

BSE 500 gained 0.30% last week, with 16 stocks giving double-digit returns and 229 others gaining single digits. CG Power and Industrial Solutions was the top gainer with 19%, followed by Triveni Turbine (18%) and Sudarshan Chemical Industries (16%). 61 stocks gained less than 1%.

I think midcap IT in my opinion can probably keep on outperforming largecap IT at least for the next couple of quarters. One can very well argue that valuations are through the roof. They are trading at late stage bases in terms of their price action as well.

StoxBox has recommended seven stocks with potential returns of up to 12% across information technology, banking, and auto sectors, as India celebrates Vijaya Dashmi (Dussehra).

The Indian stock market has evolved, especially with IPOs, which raise capital without adding debt. Regulatory changes like ASBA have streamlined IPO processes, enhancing liquidity and investor confidence. However, large IPOs can still impact market dynamics by shifting supply and demand post-listing.

Factor investing targets specific factors to generate returns. Factor funds in India are low-cost index funds or ETFs. By focusing on factors like quality, value, size, momentum, and low volatility, investors can tailor portfolios to their goals. Factor investing aims to capture specific drivers of returns which have historically outperformed the market.

Hi-Tech Pipes raises Rs 500 cr via QIP

Updated at : 2024-10-12 12:20:02

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Hi-Tech Pipes, a steel pipes manufacturer, successfully raised over Rs 500 crore through a Qualified Institutional Placement (QIP) that closed on October 11. The QIP was oversubscribed, receiving bids of over Rs 800 crore from both domestic and global institutional investors, including Motilal Oswal Fund and SBI General Insurance.

Gold prices rise over 1% amid U.S. inflation data boosting rate cut prospects and increased safe-haven demand due to Middle East tensions. U.S. producer prices remain unchanged in September, supporting the favorable inflation outlook. Geopolitical tensions, inflation concerns, and election uncertainties are expected to push gold to $3,000 by 2025.

Brent crude oil futures settled down 36 cents, or 0.45 Percent , at $79.04 a barrel. EDT. U.S. West Texas Intermediate crude futures settled down 29 cents, 0.38 Percent , to $75.56 per barrel.

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