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“In the last few months, we have seen sharp depreciation in Indian and most of the emerging market currencies. India has outperformed most of the currencies but to that extent, in terms of both outflows as well as interest rate scenario, the dollar strength is a little bit of a concern. ”

Nifty50 is expected to remain above the 18,000 mark and Sensex above the 60,000 level at the end of November, according to a survey conducted by ETMarkets with 15 brokerages. On Monday, Nifty50 and Sensex ended above the 18,000 level and 60,000 mark respectively, for the first time since September 14. Nifty50 has risen 5.5% in October after having lost nearly 4% in September.

"We stay fully invested at all times. Our fundamental, long-held belief has been that in the short term, the direction of equity markets is impossible to predict, hardly any different than a coin flip which has a 50-50 chance of landing heads or tails. Hence, taking an entry/exit call or cash calls in order to time the market and avoid market corrections is a rather futile exercise."

“In dollar terms, the Indian market probably get annualised returns of 5-6% for the entire market but of course for good companies, the returns would be much higher than that. It would be in the mid teens in dollar terms. So that is the kind of thing we are looking at going forward.”

Dwarikesh Sugar Industries Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1674.00 Crore) operating in Sugar sector.

We believe that undergoing positive momentum will continue. This could take the stock towards its lifetime high of Rs 136.70. The stock is positively poised above its key moving averages on major timeframe charts.

Adani Ports, Chambal Fertilizers, Cholamandalam, Dhanuka, JK Tyre, Kansai Nerolac, Karnataka Bank, LIC Housing Fiaance, Sun Pharma, Tata Investment, Tech Mahindra, UPL, Voltas, Varun Beverages, Max Healthcare and Macrotech among others will be announcing their Q2 results.

Getty Images, which returned to public markets in late 2021 after merging with a SPAC, rallied nearly 35%, while Revlon Inc, which said last week that it was exploring a sale of the bankrupt company, rose 4.8%. Canadian cannabis company Tilray, meanwhile, jumped 12.1%.

The S&P BSE Sensex rose nearly 800 points while the Nifty50 closed above 18000 levels on Monday.

"We are very bullish on the Indian domestic theme like banks, capital goods & infra, auto, midcap cement, pharma, and steel. We also believe that some IT stocks like Wipro are giving a good opportunity for long-term investors to grab considering a 15-20% correction from here is possible as the US is in recession risk."