Traders are carrying forward bullish bets on select stock futures to the December series, with several stocks showing strong price and open interest buildup. Varun Beverages, Bajaj Auto, Glenmark Pharma, Mahindra & Mahindra, Siemens, and Cummins India are highlighted for their potential upward movement based on technical indicators and recent developments.
Analysts anticipate the Nifty's upward trend to continue this week, driven by a multi-month consolidation breakout and strong sector performance. Key support levels are expected to hold, with a buy-on-dips strategy recommended as the index targets 26,500-26,800. Several stocks, including Adani Ports and Kotak Mahindra Bank, are highlighted for potential gains.
Secrecy surrounding offshore derivative instruments (ODIs), or participatory notes, used by anonymous foreign investors in Indian stocks is set to end. New rules will require ODI subscribers to register with NSDL and provide a Legal Entity Identifier (LEI). This move aims to enhance transparency and reduce hidden risks in financial transactions, making it easier to identify foreign investors.
