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"The support for Nifty has shifted around 17,600 levels. On the other hand, Bank Nifty has support at 40,200 levels while resistance is placed at 41,800. Traders are advised to keep a buy-on-dip approach until there’s any change in data and look for stock-specific opportunities with a positive bias."

“Interestingly the dark horse for November series could be IT and metal sectors, as the OI (open interest) base is quite lower versus averages, and any good surprise can lead benchmark and stocks higher,” Nuvama Wealth Management said in its report.

The largest cryptocurrency is up 6.5% in October and was trading around $20,700 as of 8 a.m. in London on Saturday, while second-biggest Ether has risen 19%. Both tokens dropped in five of the previous six months, and bulls had been putting hope into this month as October has historically tended to be positive for crypto prices.

In the last 2 quarters, we have seen that credit growth has started picking up across the banking sector

​​The fall of the rupee has been precipitated by global factors and an unusual strengthening of the dollar against almost all major currencies of the world.

"Since we are in a declining IV environment, and with key event risks scheduled beyond the weekly expiry, short strangles are preferred. Short Straddle at 18000 for the 10Nov expiry which is fetching a little over 400 points as of Friday’s close, is also preferred with a 3 to 4-day holding period."

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will prepare the report on reasons for the failure to meet the inflation target as well as the remedial measures the central bank is taking to bring down prices in the country.

Foreign portfolio investors (FPIs) were net buyers of Rs 51,200 crore in August. The month of November is expected to have net inflow of more or less similar to this, K Dileep, Head of PMS at Geojit Financial Services, said.According to the data from the depositories, FPIs withdrew Rs 1,586 crore from equities in October (till 28). The one trading session is left for the month.

Alphabet Inc. isn’t doing so well, but at least it’s growing. A 6.1% increase in third-quarter revenue was the slowest since June 2020 after the Covid-19 pandemic hit. Its Google search-based advertising divisions are outpacing its network affiliate businesses and video service YouTube, while cloud services remain solid.

“If you are looking at portfolio investment in terms of deep, structural value, that is possibly the best entry point for HDFC Bank. One cannot get prices better than this because we believe that all the issues of overhang will probably disappear over the next financial year. So that is the construct on the private banks.”