Stock recommendations for 29 October from MarketSmith India

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• Stock market outlook today, 29 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

  Early domestic trading indicators signal a modest rebound following recent declines driven by weakness in heavyweight IT shares, Reliance Industries, and elevated energy costs. However, international sentiment remains divided after the U.S. Federal Reserve held benchmark interest rates steady, leading to volatile overnight futures. Market participants now face a tightly constrained environment as key indices test immediate technical resistance levels.

  4 min read
• SK Hynix hits 50% Fib & cloud resistance: Live levels

  Market participants are closely watching the chipmaker's latest price action as it confronts two major technical barriers simultaneously. The stock's current interaction with these dual hurdles represents a critical juncture for technical traders assessing its momentum. How the shares perform around these live thresholds will likely signal the asset's next near-term trajectory.

  1 min read
• Patna to raise Rs 200 crore via municipal bonds

  Marking the state of Bihar's inaugural entry into the debt market, the local municipal corporation has already fully presold the paper ahead of its October 30 bidding date. Major institutional backers including HUDCO and NaBFID stepped in despite a backdrop of elevated benchmark yields that recently sidelined other prominent urban issuers. The move highlights how central government incentive schemes are successfully steering municipal entities toward alternative avenues for development financing.

  2 min read