On the weekly expiry day the Indian stock market was shaky and closed a little lower. The Nifty index stayed around the 26,000 level, moving between 25,600 and 26,100.
Analyst recommendation
Analysts say the market is still uncertain. They suggest a “sell‑on‑rise” approach – sell a stock if it goes up a bit, and wait for a clear break below the 25,600 line before buying again. The 100‑day moving average near 25,600 is an important level. A firm move below it could push the index toward 25,400.
Companies reporting earnings today
Several companies are releasing their third‑quarter results today, which could add more movement to the market.
- Infosys – major IT services firm.
- Groww – online investment platform.
- HDB Financial Services – non‑bank lender.
- HDFC AMC – asset‑management company.
- ICICI Prudential AMC – another asset manager.
- Waaree Renewable Technologies – solar‑panel maker.
Company updates
L&T clarifies oil project tender rumors
Larsen & Toubro said the oil project tenders in Kuwait that appeared in media reports are not part of its order book. The company could not comment on the status of the tenders or the decisions of its clients.
Just Dial reports Q3 revenue growth
Just Dial’s operating revenue rose 6% year‑on‑year to ₹306 crore. EBITDA was ₹95 crore, giving a healthy margin of 31.2%.
ICICI Lombard profit falls
Insurance firm ICICI Lombard posted lower profit for the quarter. Higher payouts to agents and staff outweighed strong demand for health and motor insurance.
Tata Elxsi sees profit plunge
Tata Elxsi’s profit dropped 45% after a one‑time charge of ₹95.6 crore linked to new labour code provisions. The company still posted a profit of ₹109 crore for the quarter.
Takeaway
With the market near a key technical level and earnings results arriving, staying cautious and waiting for a clear direction is the safest play for most retail investors.
Disclaimer
Remember, this is just my perspective, not a prediction. Do your own research before making any investment decisions.