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Nifty ended with a weak-on-weak decline of 0.20%. Over three dozen companies from large, mid, and smallcap segments witnessed significant block deals worth Rs 16,445 crore. HDFC Bank led with 12 block counts totaling Rs 1,821 crore.

FPIs have been net sellers of Indian equities at Rs 58,711 crore so far in October, wiping out a substantial portion of the overall inflows in 2024 in just 8 sessions. The total investments by them now stand at Rs 41,899 crore versus Rs 1,00,245 crore at the end of September.

Spot gold fell for six days before rebounding on October 10 and 11, supported by hotter-than-expected US inflation data and deteriorating job market and consumer sentiments.

Avenue Supermarts, which opeartes DMart stores reported an 8% year-on-year jump in its September quarter standalone net profit at Rs 710.37 crore versus Rs 658.54 crore reported in the year ago period.

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.

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.