In the last seven years have witnessed the share of Proprietary traders going up by 6 percentage points to 27% in FY22 (until September 2021).
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%.
The retail and DII enthusiasm is getting fundamental support from positive economic data like record GST collections, PMI at 55.9 and Q2 earnings.
Wall Street's main indexes notched record closing highs on November 1 as Tesla shares surged and the energy sector gained.
If you look at the past, valuations might be expensive but if you look at the future on the sector-to-sector basis, they might not be that expensive.
October GST collection of Rs 1.3 lakh crore were the second-highest monthly collections since the introduction of the nationwide tax in 2017.
Bulls had a strong grip of the markets as 1,593 shares advanced while 536 declined and 114 remained unchanged.
The Fed will begin its two-day policy meeting on November 2 and will announce its interest rate decision on 3 November 2021.
17,300 is the previous swing low and also the placement of the rising parabolic trend line on the daily chart.