Anand James from Geojit Investments analyzes Nifty's new expiry, noting high contract volumes and volatility. He observes FII shorts capping gains despite GST optimism and DII bullishness. Auto sector's rally may face profit booking, while M&M remains bullish. Top stock picks for the week are TDPOWERYS and FIRSTCRY, with specific targets and stop-loss levels.
ICICI Prudential AMC's dividend yield strategy, led by Mittul Kalawadia, balances yield sustainability with growth potential across market caps. The fund dynamically adjusts sector exposure based on business cycles and valuations, focusing on long-term wealth creation. This approach has delivered strong returns, making it a core component for investors seeking diversified equity allocation.
Gold prices remained near record highs, approaching $3,600, fueled by expectations of a U.S. Federal Reserve rate cut following a weak jobs report. Traders anticipate a 25-basis-point cut, with a small chance of a larger one. China's gold reserves increased for the tenth consecutive month, while speculators raised net long positions.
Oil prices saw a slight increase in early trading following OPEC+'s decision to moderately raise output from October, a response to anticipated weaker global demand. This decision, while surprising given potential winter oversupply, contrasts with larger previous monthly increases. Market sentiment is also influenced by potential U.S. sanctions on Russia and ongoing geopolitical tensions, including Russia's intensified attacks on Ukraine.
Sebi plans to ease Foreign Portfolio Investors entry into India. The regulator will consider an automatic window for simplified registration. This move aims to boost ease of business amid ongoing equity exits. The automatic window will cover 70% of registered FPIs. Sebi will also review quota for domestic insurance firms in IPO anchor books.
Indian stock market witnessed Nifty rebounding from 24,400, yet facing resistance near 25,000. Analysts suggest stock-specific strategies due to expected volatility. A breakout above 25,000 could propel Nifty towards 25,500, while support lies at 24,400. Metal and consumption stocks show promise, IT and financial stocks are currently under selling pressure.
LG Electronics is set to launch its Indian arm's IPO in October, aiming to raise 15,000 crore. The offering, approved by Sebi, involves selling 15% of the local unit. This move follows a postponement due to market volatility and seeks to capitalize on the current bullish primary market momentum, making it potentially the largest IPO of 2025.
Foreign investors heavily sold Indian equities in August, withdrawing over 80,000 crore in July and August combined. Financial services faced the brunt, with 9,817 crore offloaded in the second half of August, following 13,471 crore earlier. IT stocks also experienced sustained pressure, with FPIs selling 4,905 crore in the latter half after an earlier sell-off.
