Apart from Paytm IPO, 2 more IPOs will hit the D-Street – Sapphire Food, and Latent View.
The market will also react to Industrial Production data for September on November 12, as well as inflation for the month of October.
More than 1600 companies on the BSE will declare their results for the quarter ended September in the period 8-12 November that include names like Britannia Industries, V-Mart, Aurobindo Pharma, Power Grid, M&M, Pidilite Industries, Zomato, Berger Paints, Tata Steel, Godrej Consumer, ONGC, Hero MotoCorp, Hindalco, and Grasim Industries etc.
The benchmark indices witnessed profit booking in the week gone by amid weak global market cues and stretched valuations.
“As long as it’s trading above 17,750 the uptrend texture is intact.
COVID cases have begun to rise which might pose a threat to the equity rally.
“If it manages to sustain above 41000 level then it may again start to show strong bullish momentum.