Kati Patang?

Good Morning Early Readers!!

When we were a child, flying a kite was almost a religion to most us.

We used to enjoy it thoroughly and we are sure it was one of the best stress-free exercise.

We always wanted that our kite should go higher and higher.

And like every other kid, we used to also feel depressed when our colorful kite used to get stuck in trees or on a wire.

The optimism kite, which was flying high on our markets, has also got stuck in a tree in yesterday’s trading session.

Kati Patang..?

True, like a kite stuck in a tree, our markets too cannot fly again, unless the benchmark Nifty pulls out a rabbit from its hat; unless we have some strong positive catalyst; unless we have the following two negative catalysts knocked off from the front page;

1) Corporate India’s Q2 earnings disappointment.

2) Intense FIIs selling (This October month, FIIs have pulled out over Rs 92,143 crore from Indian equities).

# Q2 earnings reports to trickle in today: Thursday, October 24th:

BALKRISNA INDUSTRIES
BIKAJI
CASTROL
COLPAL
DIXON
FINEPIPE
GMRINFRA
GODREJCP
HOMEFIRST
IEX
INDUSIND BANK

ITC
IXIGO
LAURUSLABS
LTFOOD
MAXIND
MGL
NTPC
OFSS
PATAJALI
PETRONET
UBL.

Premium Buy Premium Services

*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Our clients may have positions in the stocks mentioned in this note. Kindly note that our clients may receive additional information in real time not available to the viewers of this note.

🇮🇳 🇮🇳 🙏🏻