Market Ahead Podcast, Oct 14: Top factors that could guide markets today

Market bulls prolonged their profitable methods into the fifth straight session yesterday as macroeconomic tailwinds put shares in prime gear. The frontline indices and the general BSE m-cap registered new highs in commerce on Wednesday as encouraging macro-economic knowledge and hopes of sturdy Q2 earnings bolstered sentiment.

The BSE Sensex and Nifty registered new peaks at 60,837 and 18,198, respectively, whereas the market capitalisation of the BSE-listed corporations swelled by Rs 2.4 trillion to Rs 270.76 trillion.

Tata Group shares, nevertheless, stole the present after TPG Rise dedicated to speculate Rs 7,500 crore in Tata Motors’ electrical business unit. The teams’ general market cap rose by Rs 64,217 crore in a single day on Wednesday, with Tata Motors alone seeing addition of Rs 30,952 crore to its market cap.

Top gainers within the area included – the dual Tata Motors, Tata Power, Tata Chemicals and Tata Investment Corporation.

Going forward, markets is not going to solely react to Infosys and Wipro numbers, which have been launched after the market hours on Wednesday, however will shift focus in the direction of HCL Technologies, which is scheduled to announce earnings today.

Analysts count on a double-digit income development for HCL Tech between 12 to 13 per cent for Q2FY22 on a Year-on-Year foundation. The sturdy recovery, they are saying, will probably be led by the ramp-up of huge offers gained within the earlier quarters. That mentioned, revenue development could also be flat with many brokerage projections starting from 3 to six per cent YoY.

Besides, few different notable firms like– Century Textiles, Cyient, Den Networks, Electrotherm Indiabulls Realestate, Inox Winds and Radhe Developers are additionally scheduled to report September quarter outcomes on Thursday.

On the macro-economic entrance, after better-than-expected CPI inflation and manufacturing facility output numbers, markets contributors shall keenly be careful for WPI Inflation numbers.

Economists foresee WPI-based inflation to melt a wee bit to 11.2% in September.

Overall, world cues, fund flows, inflation worries and stock particular motion can even proceed to guide the market sentiment.

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