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Bajaj Auto, NBCC among 6 stock recommendations for Monday .

https://economictimes.indiatimes.com/markets/stocks/news/market-trading-guide-bajaj-auto-nbcc-among-6-stock-recommendations-for-monday/buy-nbcc-at-rs-185/slideshow/112443987.cms

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Nifty eyeing 25K in monthly expiry week. Here’s how to trade on Monday--

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.

Powell validates market expectations for a September rate cut:

UTO SHINOHARA, MANAGING DIRECTOR AND SENIOR INVESTMENT STRATEGIST, MESIROW, CHICAGO:

“Powell validated market expectations for a September rate cut while continuing to anchor on data dependency and economic outlook going forward.

“FX is a relative game, so the expectation for the Fed to join the other major banks soon in cutting rates is driving the dollar lower. Although the dollar is under pressure, the implied rate cut estimates have not moved significantly – the September meeting expectation is still around 30bps and total expected cuts by year-end only increased from around 95bps to 100bps right now.

“With inflation on a path towards target, the risks associated with employment take on a larger role going forward on the heels of the large negative payrolls revision, and the Fed reaction to employment prints will continue to move the dollar.”

Rate cut should maintain economy's growth: Jerome Powell at Jackson Hole

The Fed chair also said that rate cuts should maintain the economy's growth and sustain hiring, which slowed last month. Continued growth could boost Vice President Kamala Harris' presidential campaign, even as most Americans say they are dissatisfied with the Biden-Harris administration's economic record, largely because average prices remain far above where they were before the pandemic.

“We will do everything we can," Powell said, “to support a strong labor market as we make further progress toward price stability.”

08:01:24 PM IST, 23 Aug 2024

Rate cut trajectory will be determined by data at hand: Jerome Powell at Jackson Hole

Despite hinting at rate cuts soon, Powell, during his address at Jackson Hole, emphasised that the trajectory of cuts will be completely determined by the data at hand.

Hosted by the Federal Reserve Bank of Kansas City, Jackson Hole provides a platform for discussing critical economic issues. During the event, the world’s most influential policy makers and thinkers can exchange ideas away from the usual hustle of Washington or Wall Street.

What to expect from Indian stock market in trade on August 30

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 25,285 level, a premium of nearly 15 points from the Nifty futures’ previous close.

On Thursday, the domestic equity market indices ended higher after hitting record highs during the session.

The Sensex rallied 349.05 points to close at 82,134.61, while the Nifty 50 settled 99.60 points, or 0.4%, higher at 25,151.95.

Nifty 50 formed a long bull candle on the daily chart at the new highs, which is indicating that the market is preparing for a decisive upside breakout of the hurdle around 25,100 levels.

“This is a positive indication. The short-term uptrend of Nifty continues to be positive. The next upside levels to be watched are around 25,360 - 25,400” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

Here’s what to expect from Nifty 50 and Bank Nifty today;

Nifty OI Data

Open Interest (OI) data showed the highest OI on the call side at the 25,300 and 25,500 strike prices, while on the put side, it was concentrated at the 25,000 strike price, said Hardik Matalia, Derivative Analyst at Choice Broking.

Nifty 50 Prediction

Nifty 50 witnessed a sustainable upmove on August 29 and today also amidst high volatility and closed the day higher 99 points above the 25,100 level.

“The Nifty moved up to achieve its highest-ever closing following a volatile session. Besides, the index has undergone a brief consolidation breakout. The RSI is in a bullish crossover, indicating strong price momentum. In the short term, the index might move towards 25,300, with support on the lower end placed at 25,000,” said Rupak De, Senior Technical Analyst, LKP Securities.

Sensex Today | Stock Market LIVE Updates | Indian stock prices reached all-time highs shortly after the market opened on Friday, following gains among regional counterparts. This uptick came after U.S. economic data alleviated growth worries, with investors now awaiting the latest domestic quarterly growth figures.

Eleven of the 13 major sectors logged gains. The broader, more domestically focussed small- and mid-caps rose about 0.5% each.

The significant feature of the recent trend in the market is the lack of volatility. The market has been steadily climbing up during the last 11 trading sessions with volatility index VIX declining to 13.79. Continuation of accumulation of quality largecaps by the DIIs and HNIs and the FIIs reducing their selling significantly and buying on certain days have contributed to the resilience of the market, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Originally posted by: Viswasruti

Sensex Today | Stock Market LIVE Updates | Indian stock prices reached all-time highs shortly after the market opened on Friday, following gains among regional counterparts. This uptick came after U.S. economic data alleviated growth worries, with investors now awaiting the latest domestic quarterly growth figures.

Eleven of the 13 major sectors logged gains. The broader, more domestically focussed small- and mid-caps rose about 0.5% each.

The significant feature of the recent trend in the market is the lack of volatility. The market has been steadily climbing up during the last 11 trading sessions with volatility index VIX declining to 13.79. Continuation of accumulation of quality largecaps by the DIIs and HNIs and the FIIs reducing their selling significantly and buying on certain days have contributed to the resilience of the market, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Originally posted by: mishkil88

Agreed that correction is overdue, but any deep which lasts for 1-2 days gets lapped up by the investors and fund managers and then markets make new highs.

Indian benchmark indices Sensex and Nifty 50 are likely to open on a positive note on September 2, tracking cues from GIFT Nifty trading near 25,417.50, a short while ago this morning.

Benchmark indices Nifty and Sensex held steady in positive territory to end the day at record closing on August 30, driven by a sharp rally in realty and pharma stocks that boosted market sentiment. Notably, both indices touched fresh highs at the opening bell.

Nifty 50 logged gains for the twelfth consecutive session in the longest-ever rally.

At close, the Sensex was up 231 points or 0.28 percent at 82,365.77, and the Nifty was up 83.90 points or 0.33 percent at 25,235.90. About 2,115 shares advanced, 1,630 shares declined, and 117 shares unchanged.

Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September.

The S&P 500 climbed 1.01% to end at 5,648.40 points. The Nasdaq Composite Index climbed 1.13% to 17,713.62 points, while the Dow Jones Industrial Average rose 0.55% to 41,563.08 points.

Small-cap stunners today: Five small-cap stocks that clocked 10% gains today

There were a few spots of green in a sea of red on the bourses on September 9. Despite various small cap indices plunging almost two percent in trade, there were some outperformers, recording gains of over 10 percent each.

1 Deep Industries

Price: Day's high at Rs 476.6, gain of 20 percent.

2 Syncom Formulations (India)

Price: Day's high at Rs 27.3, gain of 18 percent

3 Renaissance Global

Price: Day's high at Rs 132.7, gain of 15 percent

Volume: 37 lakh on BSE and NSE

4 Manoj Vaibhav Gems N Jewellers

Price: Day's high at Rs 285, gain of 16.6 percent
Volume: 27 lakh on BSE and NSE
Market Capitalisation: Rs 1,346 crore

Disclaimer: Stock market transactions are highly risky business. Always be careful and judicious.