On Tuesday, Indian markets closed lower, with the Nifty dipping below 24,000 for the first time in six weeks. Despite gains in Asian markets, local equities failed to sustain growth due to concerns over US economic conditions and geopolitical issues. Foreign investors continued to sell, weakening the rupee further.

“Within the financial pack, M&M Finance looks upbeat to us for an upmove, after spending over a year in a consolidation range. Traders can buy on a close above 300 levels for a target of Rs 365 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Asian markets saw continued declines despite a temporary recovery driven by dip-buying. US futures dropped, while Japan's Nikkei and Topix fell sharply, entering bear market territory. The yen weakened, impacting Japanese stocks. Treasury yields remained stable, and oil prices fell on reports of increased US inventories.

Tuesday saw Indian markets close marginally lower amid volatility and mixed signals. Companies like Pidilite, Godrej Consumer, and NHPC announced their first-quarter results. Noteworthy financial updates were reported by PB Fintech, Tata Power, and others. In a significant move, Challa Sreenivasulu Setty was appointed as the chairman of SBI.

Banking has been the worst performing sector in the last three trading sessions. For all those who are thinking why? The answer lies in the shareholding structure of the banks. It is the banks where FPI have maximum holding and whenever there is selling due to global reasons, it is the banks which come under pressure because FPI will sell what they own and because they own banks the maximum, these stocks come under pressure. But the other side to it is that Indian banks are far better placed than what they were five years ago, which makes analysts bullish on them with a medium to long term perspective. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Some sectors perform better in volatile markets.

Experts suggest that aggressive short-term traders could consider buying the stock if it closes above Rs 300, targeting Rs 365 within the next 1-2 months. Although the stock reached a 52-week high of Rs 346 on July 4, 2023, it subsequently declined and fell below key moving averages on the daily charts. Weekly charts show the stock rebounding after testing the 200-week Exponential Moving Average but facing resistance around Rs 310-320.

Suzlon Energy board on Tuesday said it will acquire a 76 per cent stake in Renom Energy Services for Rs 660 crore in two tranches from Sanjay Ghodawat Group.

The consultation paper comes pursuant to the 2023-24 budget announcement which called for simplifying, easing and reducing cost of compliance by comprehensive review of existing regulations.

Indian equity markets reversed their earlier gains and closed lower on Tuesday, dragged by banking and financial stocks. The S&P BSE Sensex closed 0.21% lower at 78,593, while the NSE Nifty50 index ended below the 24,000 level."The short-term trend of Nifty remains weak and a decisive move below 24000-23900 could pull Nifty down to another support of 23625. Immediate resistance is at 24190," said Nagaraj Shetti of HDFC Securities.Here are 4 stock recommendations for Wednesday:

Crypto exchange WazirX on Tuesday said an FIR has been filed in the case of a $230 million security breach that happened at the platform last month.

Suzlon Energy board on Tuesday said it will acquire a 76 per cent stake in Renom Energy Services for Rs 660 crore in two tranches from Sanjay Ghodawat Group.

The Nasdaq composite was 0.8% higher. Comfortable earnings reports from major U.S. companies, particularly those with better-than-anticipated profits, fueled the market's recovery. Kenvue, the maker of Tylenol and Band-Aids, soared 13.5% after exceeding profit estimates due in part to increased product pricing. Uber surged 7.4% following a strong earnings report that surpassed forecasts.

Tata Power said it "has proposed acquisition of 40 per cent equity stake in KHPL in one or more tranches for which Share Purchase Agreement would also be executed between Tata Power, existing shareholders of KHPL and KHPL."

India's benchmark index Sensex on Tuesday fell by 166 points to close at 78,593. Despite this decline, six stocks in the BSE commodities index reached their highest prices in the past year. Achieving a 52-week high is particularly significant as it marks the peak value a stock has reached over the previous year, serving as an important metric for traders and investors. This metric helps assess a stock's current value and predict potential future price trends.

To promote ease of doing business, markets regulator Sebi on Tuesday tweaked the framework involving the nomination rights of unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) to appoint directors.

Power & Instrumentation (Gujarat) Limited (PIGL) on Tuesday announced its board has approved a fundraising plan of Rs 71.48 crore through the issuance of equity shares and warrants.

Wall Street’s main indexes opened higher on Tuesday, buoyed by bargain hunting after a global stock decline and dovish Federal Reserve comments. The Dow, S&P 500, and Nasdaq all rose.

Wall Street’s main indexes opened higher on Tuesday, buoyed by bargain hunting after a global stock decline and dovish Federal Reserve comments. The Dow, S&P 500, and Nasdaq all rose.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a long unwinding. Here's the list:

Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw short covering. Here's the list:

The short-term outlook for Nifty remains weak, with a decisive drop below 24,000-23,900 potentially pushing Nifty down to the next support level of 23,625. Immediate resistance is at 24,190, according to Nagaraj Shetti of HDFC Securities. Open Interest (OI) data indicates the highest OI on the call side is at the 24,300 and 24,500 strike prices, while on the put side, it is concentrated at the 23,500 strike price.

TBO stands out as one of the few established internet companies with a history of robust and consistent profitable growth, and exceptionally high return ratios. It achieved a GTV CAGR of 25% from FY17 to FY24 and has been profitable since FY16, with a PAT exceeding Rs 200 crore in FY24. Notably, this growth was fueled by strong internal accruals, with only Rs 60 crore raised from external funds pre-IPO.

Indian market pared gains in the second half of the trading session to close in the red on Tuesday amid volatility seen in global markets.The S&P BSE Sensex fell 166 points to close at 78,593 while the Nifty50 settled 63 points down at 23,992 on Tuesday.

Symphony Ltd announced June quarter results highlighting a buyback worth Rs 71.40 crore and an interim dividend of Rs 1 per share. The buyback involves up to 2,85,600 shares at Rs 2,500 each. Notably, the company's profit surged by 267% YoY to Rs 88 crore and revenues rose by 76% YoY to Rs 531 crore.

Sebi (Investment Advisers) norms specify the eligibility conditions for registration, obligations and responsibilities and procedure for action in case of default, Minister of State for Finance Pankaj Chaudhary in a written reply to Rajya Sabha.

It's always interesting to see consistent trends in an unpredictable market. As we are in the September quarter, ETMarkets identified stocks that have consistently delivered over 30% returns during this quarter for the last three years. We only looked at stocks with a market cap above Rs 1,000 crore.Our analysis found 16 stocks that gained over 30% during the July-September quarter in the last three years. We further filtered for stocks with positive momentum and double-digit share price gains this calendar year. Eleven stocks met these criteria, and notably, three have already become multibaggers in CY24. (Data source: ACE Equity)

State-owned power giant NTPC will seek shareholders approval to raise up to Rs 12,000 crore through issuance of Non-Convertible Debentures (NCDs/bonds) on a private placement basis in its annual general meeting on August 29.

While L&T, Reliance Industries, HUL, and HCL Tech saw gains, HDFC Bank, Bharti Airtel, SBI, ICICI Bank, Axis Bank, and Bajaj Finance were the top laggards among Sensex stocks. In the sectoral landscape, Nifty Financial Services and PSU Bank each dipped more than 1%, along with losses in Nifty Auto, Healthcare, Consumer Durables, and Oil & Gas. The broader market also felt the pressure, with Nifty Midcap100 and Nifty Smallcap100 declining 0.4% and 0.6%, respectively.

Symphony Ltd announced June quarter results highlighting a buyback worth Rs 71.40 crore and an interim dividend of Rs 1 per share. The buyback involves up to 2,85,600 shares at Rs 2,500 each. Notably, the company's profit surged by 267% YoY to Rs 88 crore and revenues rose by 76% YoY to Rs 531 crore.

Markets crashed on August 5th sharply led by an array of reasons such as fears of US recession, unwinding of yen carry trade, geopolitical tensions, and much more. Now as an investor, you must be wondering what next?

Even a healthy Tuesday rebound in equities is unlikely to temper the broad unease growing across financial markets. Investors that buy and sell based on quantitative measures, such as volatility, have offloaded $130 billion of stock bets the past few weeks and that process may accelerate in the days and week ahead.

Indowind Energy raised Rs 48.30 crore from its shareholders through a rights issue, which was oversubscribed by 1.59 times. The raised funds will develop a 6 MW Solar Power Project in Tamil Nadu. Loyal Credit & Investments Limited subscribed to a significant portion. The new shares' listing is expected by August 20, 2024.

Bharti Airtel is poised for strong growth in revenue and EBITDA from FY24 to FY27, aided by anticipated tariff hikes and decreased capex. The company generated $2.3 billion in free cash flow over the last year and aims to reduce its debt. Mobile revenue and ARPU rose, with further gains expected from recent price hikes.

The Union Budget FY25 prioritized defence improvements and listed 346 items for indigenisation. ICICI Securities recommended investing in Solar Industries, Azad Engineering, Zen Technologies, Astra Microwave, and Dynamatic Technologies. The budget saw substantial increases in aircraft and aero engine allocations while maintaining stable funding for other defence areas.

Political unrest in Bangladesh caused shares of Saffola edible oil producer Marico to drop over 4%, as the company generates 11-12% of its revenue from the country. Several other companies with operations in Bangladesh, including Pearl Global Industries, Emami, Bayer Corp, GCPL, Britannia, Vikas Lifecare, Dabur, Asian Paints, Pidilite, Jubilant Foodworks, and Bajaj Auto, could also be affected by the ongoing turmoil.

Political unrest in Bangladesh caused shares of Saffola edible oil producer Marico to drop over 4%, as the company generates 11-12% of its revenue from the country. Several other companies with operations in Bangladesh, including Pearl Global Industries, Emami, Bayer Corp, GCPL, Britannia, Vikas Lifecare, Dabur, Asian Paints, Pidilite, Jubilant Foodworks, and Bajaj Auto, could also be affected by the ongoing turmoil.

It's always interesting to see consistent trends in an unpredictable market. As we are in the September quarter, ETMarkets identified stocks that have consistently delivered over 30% returns during this quarter for the last three years. We only looked at stocks with a market cap above Rs 1,000 crore.Our analysis found 16 stocks that gained over 30% during the July-September quarter in the last three years. We further filtered for stocks with positive momentum and double-digit share price gains this calendar year. Eleven stocks met these criteria, and notably, three have already become multibaggers in CY24. (Data source: ACE Equity)

However rational one might be, a new flash which shows Japanese indices, Nikkei down by 11% and Taiwanese indices down by 8% is bound to make you look at your portfolio value and get jittery. When one sees that value in red, two things may happen. First the urge to buy stock because you feel that correction is a buying opportunity. Second, question the decision of holding the stocks and sell in panic. Now markets are / were and will remain volatile. But decision making cannot be volatile, it has to be based on what business you will own after you bought the stock. Whether you are going to own a business which is growing or not, whether the management is transparent in admitting its mistakes, take care of your rights as retail shareholders. Let the economist fight on whether the US FEd is wrong and right, focus on what you own and if you own a bad business, even if you are sitting on gains, just sell and if you own a good business ignore the volatility and India VIX.

Akums Drugs and Pharmaceuticals saw its shares rise 8% to Rs 784.6 on its debut, despite a strong subscription rate of 63.44 times. Analysts recommend holding for long-term gains, highlighting the company's solid fundamentals and leading market position. The IPO funds will be used for debt repayment, working capital, and acquisitions.

Amid political turmoil in Bangladesh potentially driving textile companies to outsource to countries like India, textile stocks surged on Tuesday. Gokaldas Exports, Century Enka, and SP Apparels saw gains of up to 18%. Gokaldas Exports hit a 52-week high of Rs 1,089.40 on the NSE, driven by expectations of increased textile exports from India.

On Tuesday, the Indian stock market rebounded as positive US economic data alleviated recession concerns. Nifty and Sensex experienced significant gains, led by auto, metal, energy, and IT stocks. Domestic buying and a decline in oil prices further boosted market sentiment. Major sectoral indices also saw positive movements, contributing to the overall rise.

Bharti Airtel's shares surged 2% to Rs 1,393.95 on Tuesday after it posted a 158% year-on-year jump in Q1 profit to Rs 4,160 crore, beating market expectations. The company’s revenue rose 3% YoY to Rs 38,506 crore. Both Macquarie and UBS retained their neutral ratings, noting mixed performance metrics and future outlook.

Japanese stocks saw a strong recovery on Tuesday following a major drop the day before. Investors reassessed recession fears and equity values, driving the Nikkei index up by 8%. Government officials met to calm markets while big name technology shares led the price rebound. Analysts caution against prematurely stepping back into the market.

Shares of FMCG firm Marico, known for Saffola and Parachute, fell over 4% on Tuesday due to political turmoil in Bangladesh, where it earns 11-12% of its revenue. Despite this, Marico’s long-standing presence in Bangladesh suggests that the current challenges will have a limited impact on its competitive position.

Samvardhana Motherson's shares increased by 5.5% as the company announced plans to join Apple's supply chain in India, partnering with BIEL Crystal Manufactory. They intend to build a new manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This move is part of Motherson's broader strategy to diversify beyond auto components.

Bulkcorp International listed its shares on the NSE SME platform at a 24% premium, starting at Rs 130 compared to the Rs 105 issue price. The IPO, involving the sale of 19.78 lakh shares, was highly successful with over 200 times subscription. Raised funds will address capital expenditure and other corporate needs.

Volatile is back, but there can be out performers. Outperformance on a bearish day is a good indication.

After Monday’s surge, the India VIX dropped over 13% to 17.7. All 30 Sensex stocks were in the green, with Tata Motors, Tech Mahindra, L&T, Infosys, JSW Steel, HCL Tech, and Maruti leading gains of up to 3%. All major sectoral indices were trading with gains, with auto, IT, media, Metal, PSU bank, realty, cons durables, and oil & gas rising between 1-3%.

Aarti Industries Ltd saw a 52-week high above Rs 700 in April 2024 but remained rangebound. Experts advise high-risk short-term traders to target Rs 900 within 3-4 weeks. The stock showed signs of a breakout above Rs 760, with Rs 680 providing support.