Market Today: Trade Setup, Cues And Stocks Outlook

While global markets trend downward and Dalal Street is bucking the trend. It seems Federal Reserve’s tapering plan won’t spoil the party. “Rise in the cost of capital will be extremely gradual with Fed normalizing ultra-cheap monetary policy.

TRADE SETUP: Cues for today’s market

  • Nifty futures on the Singapore Exchange traded higher by 107 points at 8:15 hours (IST), signalling a gap-up start on Dalal Street.
  • The yield on 10-year Treasuries was at 1.74%.
  • The dollar was steady after registering decline
  • Indian gold prices jumped Rs 104 to Rs 46,606 per 10 grams, which is in line with international gold prices.

Stocks In News

Vodaphone-Idea Stake Buying

Government’s potential stake in Vodafone Idea (Vi) is credit positive from an investor’s point of view, indicating that the telco would be in a better position to raise funds, brightening the prospects for its long-term survival, global funds and analysts said.

The government today said it has no plans to play a role in managing VODAFONE IDEA’S operations, despite possibly holding a 35.8% stake in the loss-making telco. It will get away after firms’ operations stabilises.

TCS, Infosys, Wipro May Post Robust Quarterly Results

These three top Indian IT firms are set to cut through the clutter of Wednesday’s earnings print with a burst of positive news. Infosys is expected to lift its guidance for the next financial year following strong performance during the quarter that gave it an opportunity to take on larger deals.

Stocks Outlook

Kunal Shah of ICICI Securities reiterated its bullish view on Axis Bank, SBI and HDFC Bank. He is of the opinion that these stocks have not much re-rated.  We are now seeing better growth coming in from there. The asset quality issues are stabilising.

Vikash Kumar

An investor with more than 15 years of experience in the market. I m deeply interested in positional and momentum-based trading strategies and love learning strategies and backtesting.

You May Also Like

Dalala street

Trade Setup For Monday: Nifty And Bank Nifty Outlook, Global Markets, Quarterly Results, Result Review

Market News

Trade Setup Today: Global Cues, Quarterly Results, Stocks in News And Crude Making New High

Tezos coin

Tezos Can Be A Multibagger: Weekly Crypto Trading Idea, Trade Set Up

Motherson Sumi

Motherson Sumi Fall, What It Means For Investors and F & O Traders

Leave a Reply

Your email address will not be published.