Stock Market LIVE: Nifty, Sensex Rise At Pre-Open; Axis Bank, Tech Mahindra, Ola Electric Shares In Focus

Good morning, welcome to our blog for live market coverage. The Nifty 50 and Sensex may open on a muted note with a positive bias. The crucial support level for the Nifty 50 is at 25,000, and the crucial resistance level is at 25,200.

Market Outlook

The yield on the 10-year bond opened flat at 6.51%. The Rupee opened 52 paise stronger at 88.28 against the US dollar, after closing at 88.80 a dollar on Monday. This can be a good sign for Indian exporters and may have a positive impact on the Nifty today.

Brokers’ Call

Cyient DLM and Tata Consultancy Services are under the brokerage lens today following key updates. Analysts have maintained neutral and hold ratings on the stocks, with target price adjustments and changes to revenue estimates reflecting cautious outlooks on near-term growth visibility and the impact of one-off costs.

Gold Prices

Gold prices in India today were trading at levels above the Rs 1,26,000 mark, amid the festive season. The gold price today rallied to a fresh high of Rs 1,26,520 according to the India Bullion Co. The prices jumped over Rs 5,000 after the commodity was trading at Rs 1,21,660 on Oct. 11. This is a significant increase and may be a good opportunity for gold investors.

Global Markets

Markets in Japan, South Korea, Hong Kong, and Mainland China advanced as prospects for another quarter-basis-point rate cut in the US increased. US Federal Reserve Chair Jerome Powell expressed concerns about a weakening labour market, which fuelled hopes for further monetary easing. The Nikkei 225 and KOSPI were trading 1.27% and 1.80% higher, respectively as of 7:52 a.m. The Hang Seng was trading 1.58% higher.

Indian Markets

The Indian markets are expected to be volatile today, with the Sensex news and Nifty levels being closely watched. The Q1 results of various companies will also be in focus, and may have an impact on the Indian stock market.

Top Stocks in Focus

Axis Bank, Tech Mahindra, and Ola Electric are some of the top stocks in focus today. These stocks may see significant movement based on the Q1 earnings and other market news. The stock market tips for these stocks will be closely watched by Indian investors.

Conclusion

In conclusion, the Indian markets are expected to be volatile today, with the Nifty and Sensex being closely watched. The Q1 results and global markets will also have an impact on the Indian stock market. The top stocks in focus today include Axis Bank, Tech Mahindra, and Ola Electric. For more information on the stock market news and market analysis, please visit our website.