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October has been the worst month on Dalal Street since 2020, with the Nifty down 6%, driven by high valuations, poor earnings, and record FII outflows surpassing Rs 1 lakh crore. This negative trend is further exacerbated by underperformance compared to other global markets.

Significant correction in stocks presents buying opportunities as Nifty index drops 8% from its high. Emkay Global suggests IndusInd Bank, Saregama, Escorts Kubota, Hero MotoCorp, and Mahindra Finance as attractive investments, highlighting their potential for recovery and growth over the next year.

A total of 35,681 shares changed hands on the counter till 12:01PM (IST).

The Bitcoin whitepaper, released by Satoshi Nakamoto in 2008, aimed to create a decentralized transaction system. Bitcoin evolved from an experimental digital currency to a significant financial asset, sparking regulatory attention and innovative cryptocurrency developments. Nowadays, Bitcoin influences global finance, regulatory frameworks, and even political agendas.

As Bitcoin nears its all-time high, excitement about a potential altcoin season builds. This period could see altcoins, especially those in decentralized finance, layer-2 solutions, and blockchain gaming, gain traction. Institutional interest and regulatory clarity may further drive market confidence while cautioning investors about the inherent volatility.

This space for absolute returns. Just to give you some context and then one can build on a thesis on whether to be invested in these names or not, if you look at the Indian markets and the kind of outflows of FIIs from the Indian markets we have seen in the last few months about $10 to $12 billion of outflows from the Indian markets, that corresponds to about 0.2% of the total market cap of the country.

The message of Diwali transcends beyond its cultural significance, offering lessons for long-term financial success. Key themes include decluttering investments, strategic financial planning, embracing compounding, effective risk management, and applying timeless wisdom. These practices align with Diwali traditions, advocating for a well-structured and prosperous financial future.

The rupee rose 1 paisa to 84.07 against the US dollar amid strong dollar demand and foreign fund outflows affecting investor sentiment. RBI interventions may support it at lower levels. Upcoming IPO inflows may provide relief, while domestic equities and macroeconomic data impact its movement.

On the technical charts, the RSI of the stock stood at 42.89.

The Nifty Bank index was trading 0.02 per cent at 51798.95.