ETMarkets Morning Podcast: What will sway your market today?




LIC’s stock portfolio has outperformed the benchmark index in the last three years as well as in the current calendar year by a wide margin. NSEBSEJaypee InfratechLoading data…

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      ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES Good Morning readers of ETMarkets.com.

      It looks like a bright day on Dalal Street with the global setup promising to help the Nifty50 continue from where it had left on Monday. Nifty50 futures on the Singapore Stock Exchange signalled exactly that, as it traded 49 points, or 0.49 per cent, higher at 10,074, indicating a strong opening for the market.

      While geopolitical concerns from the Korean Peninsula eased to a great extent, the worst-case scenario feared from Hurricane Irma did not materialise either.

      In overnight trade, US stocks notched up solid gains. The Dow Jones Industrial Average index rose 1.19 per cent to 22,057 in its largest one-day gain since February; the S&P500 index gained 1.08 per cent and the Nasdaq 1.13 per cent.

      Nearer home, Asian shares also seemed to be in rallying mode, hitting a 10-year peak on Tuesday. Japan’s Nikkei rose 1.0 per cent.

      What’s more, the Nifty technical charts are bullish too. On Monday, the index formed a bullish candle even as its supports shifted higher from 9900 level to the 9,950-9,980 range.

      But I must also alert you that some key macro data are lined up for release later in the day and some of these data points may not be very promising, which loom like a possible spoiler for the market.
      The rupee slipped on Monday, retreating from a one-month high to end lower by 15 paise at 63.93 to the dollar on overwhelming demand for the American currency from companies and banks.

      IPO mart in all abuzz. The issue of online matchmaking service provider Matrimony.com was subscribed 67 per cent on the first day of the three-day bidding on Monday.

      Let’s look at some stock-specific triggers this morning.

      IndiGo’s parent InterGlobe Aviation on Monday said some of its promoter entities would offload shares under an institutional placement programme and there will also be some fresh issuance of shares.
      The Supreme Court on Monday lifted stay on insolvency resolution proceedings against Jaypee Infratech and ordered its parent, Jaiprakash Associates, to deposit Rs 2,000 crore by October 27.

      And if you are looking for more stock-specific triggers, check out over a dozen recommendations from top brokerages at www.etmarkets.com. If you need them daily, simply download our app on your phone and keep getting them on the go. We now also offer them in many other languages besides English.

      Before I go, let’s have a look at some of the interesting headlines from ETMarkets print.

      LIC’s stock portfolio has outperformed the benchmark index in the last three years as well as in the current calendar year by a wide margin.

      PFRDA decision to give fund managers a free hand has started showing results. The Tier-1 equity plans from Kotak Pension Fund have generated 14.45% return in last one year, compared with 10.97% return on the Nifty50.

      Footwear stocks rallied Monday on expectation that their valuations would get rerated after the forthcoming IPO of Khadim India. The Kolkata-based Khadim plans to raise about Rs 600 crore in October.
      So that’s it for the day. Do enjoy your trading day and make loads and loads of money.
      But hey, don’t forget to log on to www.etmarkets.com for continuous updates on every development in the financial markets. Have a good day!




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