Market around record high levels
Five Factors Driving Sensex and Nifty up gain such asEarnings optimism,
Macro data,
Global cues,
Technical factors
Festival cheers
worked in favor of the Street, helping it post huge gains.
Earnings
September quarter earnings season kicks in, all eyes are on India Inc’s performance as the Street has pinned its hopes on earnings recovery. Experts have repeatedly pointed on the need for fundamental growth for a rally to sustain
Macro data
India’s retail inflation remained flat at 3.28 percent in September, as food prices remained steady, while fuel and housing prices witnessing modest growth during the month.
Global cues
Better than expected earnings trends have boosted the markets in US and helped them soar to fresh record highs. Equities have risen sharply this year
Technical factors
The Nifty surpassed its crucial resistance level of 10,100-10,150 and is on its way to hit fresh record highs. Telecom stocks were leading the charge on the index followed by banking stocks
Festival cheersAs the auspicious festival of Diwali nears, investors could be betting on positive momentum to gain more.
Nifty movements are quite difficult to predict and to make predictions in the right direction it is required to have really good knowledge about market. Market experts views and recommendations on trading tips, mcx tips can be followed to be on the safer side and perform well.
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