News for Aarti Industries Limited (AARTIIND.NS)

Top gainers & losers today - Tata Consumer Products, SBI, Kotak Mahindra, Hindustan Unilever and Eternal (Zomato) lead. HDFC Bank, Kotak, IndiGo hits 52-week high. Waaree Energies, Mahindra Logistics, HCL Tech, Anant Raj, Tata Investment in focus due to Q4 results.

Major Earnings To Watch on Wed, Jan 29 Adani Power, Ambuja Cements, Bajaj Finance, Chalet Hotels, Jindal Stainless, Jupiter Wagons, Maruti Suzuki India, Radico Khaitan, Raymond and Tata Motors.

Among sectors, Jain is overweight on automobiles, private banks, cement, consumer and chemicals

With a fall of nearly 68% so far, Fusion Micro Finance declined the most in the BSE Smallcap index in 2024.

November 12 brings significant developments for India’s markets, economy, and culture. Sagility India and Mangal Compusolution Ltd are launching IPOs today, while five major stocks face trading bans on the NSE’s F&O segment. In Delhi, air quality remains critical with an AQI in the ‘very poor’.

Indian benchmark indices closed flat on Monday, with IT and financials offsetting concerns over weak earnings and foreign outflows. The Nifty oscillated within the 24,000-24,350 range. Analysts suggest a potential bullish reversal with support at 24,000 and resistance at 24,500-24,550. A break below 23,970 could weaken the structure.

Indian markets ended in the red due to weak corporate earnings and foreign outflows. Nifty faces consolidation, with bullish momentum in some stocks like Indian Hotels and Page Industries.

Support for Nifty is now seen at 24,100 and 24,000. On the higher side, immediate resistance for Nifty is at 24,450-500 levels and the next crucial resistance is at 24,700-750 levels, said Tejas Shah, Technical Research Analyst at JM Financial & BlinkX.

Foreign portfolio investors turned net sellers at Rs 5,062 crore on Thursday. DIIs bought shares worth Rs 3620 crore.

"Apart from the concern of continuous outflow of the foreign investors, the disappointment on the earnings front is largely weighing on the sentiment. We thus reiterate the sell on rise view in the Nifty index and suggest maintaining stock-specific trading approach citing the prevailing choppiness due to earnings," said Ajit Mishra – SVP, Research, Religare Broking.

The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.

Baron Emerging Markets Fund gained 9.07% (Inst) during the third quarter of 2024. Click here to read the full commentary.

In the absence of any major triggers, market participants will focus on upcoming earnings for direction. In today's trade, shares of banking heavyweights HDFC Bank and Kotak Bank will be in focus following Q2 results.

Derivatives market update for Sept 23: FIIs net bought over 1 lakh contracts of Nifty futures and 25,878 contracts of Bank Nifty futures on Friday. Retail investors hold 2 shorts for every long bet.

Derivatives market update for Sept 20: Technically, Nifty has formed a Shooting Star-like pattern on daily scale, signalling exhaustion of buying pressure, said analyst at Asit C. Mehta Investment: F&O insights

Derivatives market update for Sept 19: Options data hint that short term support for Nifty is at 25,250; while upside momentum is expected above 25,500, says Sahaj Agarwal of Kotak Securities.

Derivatives market update for Sept 18: Foreign investors continue to hold bullish bets in Nifty, Bank Nifty; while retail investors have increased short positions. Here's what experts have to say: F&O insights

Derivatives market update for Sept 17: The premium in Nifty Sept futures jumped to 58 pts, and Bank Nifty to 100 pts; whereas, the PCR declined to near 1 levels indicating positive to sideways trend.

Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.