Despite reaching record levels, Indian benchmarks ended with slight losses due to volatile trade. However, the Indian equity market is expected to have a strong start with trends in the GIFT Nifty indicating positive movements for indices in India. Meanwhile, Wall Street indices saw modest gains ahead of major inflation data, while Asian markets are facing some downward pressure.
Among the stocks in focus today will be Paytm, as Foreign Portfolio Investors (FPIs) have increased their stake by 2% in Q4FY24. Other stocks to watch include IndusInd Bank, Lupin, and PB Fintech. Moneycontrol’s Stacy Pereira will be speaking with Rajesh Palviya, Senior Vice President Research-Head Technical & Derivatives at Axis Securities Limited, and Nikhil Oswal, Founder & Director of Finterest Capital on the Opening Bell.
The experts will analyze the current market trends and provide insights into what investors can expect for the day ahead. It will be interesting to see how the market performs in the wake of global influences and local developments. Stay tuned for more updates on how the Indian equity market unfolds throughout the day.
