GIFT Nifty 🇮🇳: (-11, 25946)
Market Recap:
Nifty got a promising start in Wednesday’s trade. As the session progressed, bullish momentum gathered pace, with buyers dominating across sectors.
The Road Ahead:
Our call of the day suggests Nifty’s all-time-high at 26277.35 should reach sooner than later.
The 5-Positive Catalysts:
1) Dow Jones at new-record highs.
2) India’s CPI inflation eased to record lows, sparking renewed calls for the RBI to accelerate rate cuts in the coming policy meetings.
3) US–India Trade Deal Hopes – Renewed confidence as both nations move closer to sealing a trade pact.
4) Expectations of an End to the US Shutdown – Easing global uncertainty and boosting risk appetite.
5) Fed Rate Cut Buzz – Markets are pricing in a policy easing that could inject fresh liquidity.
The Biggest Headwinds:
FIIs sold in Wednesday’s bullish session to the tune of Rs. 1750 Crores.
Technically Speaking:
A breakout above 26,107 will confirm renewed strength and open the door to fresh record highs.
The gyan mantra for bullish traders: Stay positive as long as Nifty holds above the 25,500 support zone.
The Biggest Catalyst to Watch:
Investors shall continue to cheer the outcome of exit polls that hinted towards a clean-sweep for the BJP-JD(U) Alliance in the Bihar elections.
Bihar elections result due on Friday, November 14th.
Bottom Line:
Bullish consolidation could be the preferred theme for Thursday’s trading. That said, there is still a bright chance that Nifty’s 26000 could be the Next Stop.
STOCKS IN SPOTLIGHT:
1) Adani Enterprises (+5%): “Rights Issue Unveiled.
Adani Enterprises stock price climbed after the company announced details of its ₹25,000 crore rights issue. The rights price is set at ₹1,800 per share — a 23.93% discount to its previous close. Investors will be entitled to three shares for every 25 held (3:25).
2) BSE (+4.77%): “Earnings Light Up Dalal Street”
The stock price of BSE surged after posting a 61% jump in Q2 net profit to ₹557 crore. Revenue from operations rose 44% YoY to ₹1,068 crore, driven by strong volumes and new listings.
3) Tata Motors CV (New Listing): “Commercial Spin-Off Hits Top Gear”
Tata Motors’ commercial vehicle arm made a stellar market debut, listing at ₹335 on NSE — a 26.1% premium over the discovered price of ₹261.9.
4) BLS International Services (+8.72%): “Robust Earnings and Growth”
BLS soared after reporting a 26.8% rise in consolidated net profit to ₹175.23 crore and a 48.8% jump in revenue to ₹736.63 crore for Q2 FY26.
5) Zaggle Prepaid Ocean Services (+3.77%): “Payments Platform Delivers Strong Q2”
Zaggle gained as standalone net profit surged 79.1% YoY to ₹33.24crore.
6) GSFC (+6.79%): “Fertiliser Giant Blossoms on Strong Numbers”
Gujarat State Fertilizers & Chemicals (GSFC) rallied after Q2 results showed:
• Net sales up 20.96% YoY to ₹3,187 crore.
• Net profit up 8.67% YoY to ₹324 crore.
• Sequential profit growth: +133.9% QoQ.
7) Reliance Industrial Infrastructure (+1.23%): “Earnings Power Surge”
Reliance Infra gained after reporting a massive jump in consolidated net profit to ₹1,911 crore in Q2 FY26 from ₹59.84 crore in Q1. Revenue climbed 5.53% QoQ to ₹6,235 crore.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25876): Buy at CMP. Stop 25393. Targets 26000/26277. Aggressive targets at 26700-27000 zone.
Bank Nifty (58275): Buy at CMP. Stop at 57051. Targets 58577/58907. Aggressive targets at 59300-59700 zone.
Our chart of the day is bullish on POLYCAB, CDSL, INDIGO and ADANI PORTS on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy M&M (CMP 3754): Buy at CMP. Stop at 3641. Targets 3813/3909. Aggressive targets at 4051. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3569. Major hurdles only at 3813 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3135.
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