Traders can opt for stock specific trades as we have been witnessing strong out performance from individual space.
The correction phase is largely going to expand even post-Diwali as emerging macro challenges are posing a few serious threats to the market.
Sensex ended at 59,771.92, down 257.14 points or 0.43%, while Nifty closed 59.75 points or 0.33% lower at 17,829.20
Muhurat Trading session for Equities, Equity F&O, Currency F&O, and Commodities for Diwali 2021 will be executed between 6:15 PM and 7:15 PM.
CLSA forecasts a 15% consolidated EBITDA by FY24 and has increased the price target to Rs 860 from earlier Rs 810.
The Nifty Metal index was shining bright as it gained 0.51% and the Nifty IT index jumped 0.49%.
Wall Street's main indexes rose on Tuesday to record highs as a strong earnings season continued to lift sentiment for equities.
The retail and DII enthusiasm is getting fundamental support from positive economic data like record GST collections, PMI at 55.9 and Q2 earnings.
Motilal Oswal Financial Services is bullish on L&T Technology Services with a price target of Rs 5,110 per share.
Wall Street's main indexes notched record closing highs on November 1 as Tesla shares surged and the energy sector gained.