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“Nifty IT is witnessing an outperformance, and this could witness further strength in the coming few sessions. After marking a high of 43,645 on September 17, Nifty IT entered a throwback phase. During the period of throwback, the index has taken support near its 100-day EMA level and resumed its northward journey. Interestingly, on a weekly scale, it has formed a Bullish Engulfing candlestick pattern, which is a bullish sign.”

The focus is on examining how psychological biases influence investor decisions, often resulting in less-than-optimal returns. Identifying and addressing these biases is crucial for making sound investment choices and securing long-term financial success.

Despite the modest weekly decline, ETMarkets identified eight BSE Smallcap stocks that posted steady price gains throughout the same period.

As the gap between information and true insight widens, stock market swings will become increasingly intense, with each peak fueled by growing fervor. Enthusiasm will build as more voices join in, until, abruptly, the momentum fades—leaving many holding the ball in sudden silence.

Asian Paints Q2 Results: Asian Paints reported a profit below the ET Now poll estimate of Rs 1,079 crore. In Q2, the company saw a 5.3% decline in consolidated net sales, down to Rs 8,003 crore from Rs 8,451.9 crore in the same quarter of FY24. An interim dividend of Rs 4.25 for FY25 was also announced, with the record date set for November 19 and payment to shareholders scheduled on or after November 28, 2024.

“On the higher side, 24,350, 24,400 are the major resistance areas. Until Nifty crosses 24,400, I think comfort would not return on the street in terms of Nifty as well as in the sectoral indices. So, 24,400 needs to cross on a weekly closing basis, then only we can see some short covering action or some follow-up buying action. Till then, sell-on-rise is the strategy for Nifty.”

ETMarkets’ analysis of BSE Smallcap stocks reveals that from November 6 to 8, five stocks consistently saw increases in price, trading volume, and delivery volume, indicating growing investor interest.

Technology companies outperformed expectations, achieving solid revenue growth while expressing cautious optimism for the coming quarters. The healthcare sector showed strong performance, with stable growth in domestic formulations. This earnings season has reinforced the importance of selectively positioning within growth-oriented sectors.

Following Trump’s decisive win, several mergers advisers and venture capitalists told Bloomberg they anticipate a sharp increase in activity next year. They expect Trump to replace SEC Chair Gary Gensler, who has led a prolonged industry crackdown, and to enact more favorable legislation.

Trump’s past presidency emphasized policies supporting domestic business growth, and a similar focus this term could include corporate tax cuts and a protectionist trade stance. These measures may strengthen the dollar against emerging market currencies, impacting economies like India. For India, a stronger dollar could lead to more expensive imports, adding inflationary pressures.