HCL Technologies, Wipro, UPL, Eicher Motors, and Titan were among the top 5 Nifty stocks that saw net buying by mutual funds.
64% or 32 constituents of Nifty 50 are trading at a significant premium to their historical averages.
Muhurat Trading session for Equities, Equity F&O, Currency F&O, and Commodities for Diwali 2021 will be executed between 6:15 PM and 7:15 PM.
Tata Motors should witness a gradual recovery from Q2FY22 lows as supply-side issues ease and commodity headwinds stabilize
The logistics market, pegged ~USD 250 billion, is expected to grow at 10-12% CAGR (Compounded Annual Growth Rate), with a pick-up in demand.
Nestle has significantly underperformed benchmark indices in recent times and Nestle’s valuations have become more favourable on a risk-adjusted.
Equity AUM (including ELSS and index funds) of domestic MFs rose by 3.7% MoM to Rs 13.3 lakh crore in September 21, led by a rise in market indices.
The company has further increased its revenue growth guidance to 16.5%-17.5% from 14%-16% given earlier.
Bullish on the unlock trade in the near term
"Expect some more volatility to continue although 17,350 is the critical support for the Nifty while 17,777 is the immediate resistance"