Market Trading Guide: Astra Microwave among 3 stock recommendations for Thursday
Indian equities opened higher on Wednesday on positive global cues, tracking gains in US tech stocks, even as hawkish remarks from Fed officials pushed global yields higher while the latest US CPI print reinforced expectations of a December rate hike. The rupee's recent appreciation, supported by sustained foreign inflows and softer crude prices, together with expectations of higher-for-longer global rates, weighed on IT stocks and caused large caps to gradually give up their early gains. However, small caps helped the broader market to outperform, while rotation out of defensive pharma stocks into autos and banks suggested risk appetite was returning. Whether this renewed risk appetite holds will depend on upcoming India's October inflation and US PPI data, which together should shape the outlook for domestic prices and global interest rates.Here are 3 stock recommendations for Thursday Stock Ideas
Indian equities opened higher on Wednesday on positive global cues, tracking gains in US tech stocks, even as hawkish remarks from Fed officials pushed global yields higher while the latest US CPI print reinforced expectations of a December rate hike. The rupee's recent appreciation, supported by sustained foreign inflows and softer crude prices, together with expectations of higher-for-longer global rates, weighed on IT stocks and caused large caps to gradually give up their early gains. However, small caps helped the broader market to outperform, while rotation out of defensive pharma stocks into autos and banks suggested risk appetite was returning. Whether this renewed risk appetite holds will depend on upcoming India's October inflation and US PPI data, which together should shape the outlook for domestic prices and global interest rates.Here are 3 stock recommendations for Thursday Stock Ideas
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