Trump strikes major diesel deal with Russia in bid to lower US fuel prices ahead of midterms

Market experts discussed the fundamental and technical outlooks for several prominent stocks, covering Dixon Tech, Marico, SAIL, Kalyan Jewellers, Suzlon and Coforge. Their analysis addressed whether investors might consider buying, selling, or holding each of these shares based on current market conditions.

Oil prices dropped after President Trump said Ukraine and Russia had reached an energy cease‑fire, following a recent announcement of a diesel‑supply arrangement with Russia. Ukrainian President Volodymyr Zelensky said he is still waiting for details of the agreement, while Russia has not provided a comment.

The Nifty index rose 1.3% on Friday, helped by gains in the IT sector, while the India VIX fell, indicating reduced market nervousness. Analysts expect Indian equities to move cautiously amid ongoing global economic uncertainty, with mixed activity from foreign and domestic investors. The rupee gained against the US dollar as crude oil prices declined.

Market expert Raja Venkatraman has released his technical outlook and trading strategy for 12 October, highlighting two specific stocks he recommends. He outlines the reasons behind his selections and suggests how investors might approach them.

MarketSmith India has released its top stock picks for today. The firm says these selections represent the best‑performing shares to consider for investment.

The RBI’s latest steps to provide dollars straight to state oil firms and limit speculative currency trading are expected to boost the rupee in the short term. However, analysts warn that ongoing high oil prices, capital outflows and a weak external balance will keep pressure on the currency.