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Nifty 50 index concluded with 2.07 per cent gains to its new levels of 20,686 and Sensex settled with 2.05 per cent or 1,383 points gains at 68,865, , stock market, nifty, sensex, Bank Nifty, national stock exchange, Adani Stocks, bank stocks, retail investors, All time high, Intraday, eicher motors, hindustan petroleum

The AI megatrend is picking pace with many tech companies starting to name-drop ‘AI’ on their earnings calls.

Benchmark index Nifty 50 closed at 19,694 or 37.80 points lower, while the S&P Bombay Stock Exchang Sensex closed lower at 65,655, , stock market, nifty, sensex, national stock exchange, bombay stock exchange, retail investors, Intraday, mid cap stocks

Of the top 10 listed software companies, mutual funds increased their holding in eight of them, while FIIs have done it in seven of them, shareholding data for the September quarter analysed by ETMarkets showed.

From Ashok Leyland to Indian Hotels Company, Gaurang Shah, Senior Vice President at Geojit Financial Services shared top bets that offer good entry points in this ongoing market correction

"While LTTS deal wins have improved, complemented by better margin defence, risks of business cyclicality and weaker working capital cycle (post-SWC) persist," HDFC Securities said in a note.

Motilal Oswal is bullish on Larsen and Toubro Technology Services recommended buy rating on the stock with a target price of Rs 5210 in its research report dated October 17, 2023.

Indian engineering research and development services provider L&T Technology Services cut its revenue growth forecast for the current financial year on Tuesday, citing longer deal decision cycles...

“If you look at the 20-day moving average, it has been a great card for that accelerated trend in the midcap index. By mid September, we started to test that 20-day moving average again. Two weeks ago, we broke below it and now we are seeing some choppy volatility around it.”

Going ahead, the market may remain broadly rangebound with a positive bias amid healthy corporate earnings expectations and economic data, while keeping a focus on Israel-Hamas conflict, Chinese GDP numbers and oil prices, experts said.