OPENING BELL: - NIFTY FUTURE UP +31.90 @ 8770 BANKNIFTY
FUTURE UP +13.70 @ 19699.05 USDINR @ 66.7350
NIFTY FUTURE: - S1-8694.24, S2-8609.37 R1- 8825.99,
R2-8872.87 BANK NIFTY FUTURE: - S1 – 19521.26, S2-18357.18 R1- 19778.46,
R2-19871.58
Today’s Market Flow - Stock Future Tips
SPX Flow upgraded to sector perform from underperform at RBC
Capital
SPX Flow started at buy with $43 stock price target at
Stifel Nicolaus
SPX Flow started at underperform with $32 stock price target
at RBC Capital
RBI Policy: Effective interest rates may
fall going ahead - Axis Capital expects domestic indices to be flat till
end of December. Meanwhile, the market may be volatile on account of domestic
and global cues such as US Federal Reserve's action on interest rates,
second-quarter earnings, OPEC decison and the action of RBI's Monetary Policy
Committee, said Nandan Chakraborty, Managing Director, and Institutional Equity
Research at Axis Capital.
He
said other factors such as assembly polls, especially in Uttar Pradesh, too may
have an impact. Irrespective of RBI's decision on interest rates on Tuesday,
effective interest rates will fall over the next few months, Chakraborty said.
There could be a slight de-rating but index will have an upside of 15 percent
on an average, he said.
Chakraborty
said consumer durables and building materials stocks will be among the ones
investors could look at. He added IT and telecom stocks' outlook has been been
bad and valuations have not been exciting and advised investors to avoid such
stocks.
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