In a day marked by diverse market movements, several major stocks reached new 52-week highs on October 27, demonstrating their resilience and growth potential.

Surpassing the 200-day SMA is often considered a bullish sign, suggesting potential long-term growth. However, investors should conduct thorough research and analysis before making investment decisions.

Surpassing the 50-day SMA is often considered a bullish sign, indicating potential short-term growth. However, investors should conduct thorough research and analysis before making investment decisions.

Market-wide futures open interest at the start of November series stands at Rs 2.71 lakh crore as compared to Rs 2.86 lakh crore at the start of October series with rollovers at 92%, higher than the three-month average of 91%.

Ola Electric founder and CEO Bhavish Agarwal discusses plans of operating full scale Gigafactory.

India transitioned to T+1 settlement, where trades are settled within a day, in January. The Securities and Exchange Board of India (SEBI) now plans to allow instant settlement by October next year as an option running alongside T+1 settlement.

While S&P BSE Sensex jumped 624 points or 1% to hit the day's high of 63,772.22, the broader Nifty50 gained 190 points to scale an intraday high of 19,046.

India's leading automaker Maruti Suzuki's standalone net profit surged 80% year-on-year (YoY) to Rs 3,716 crore in the quarter ended September 2023. The same stood at Rs 2,061 crore in the year-ago quarter. Revenue from operations during the second quarter increased 24% YoY to Rs 37,062 crore. Maruti said it recorded its highest-ever quarterly sale volume, net sales, and net profit in this quarter.

While S&P BSE Sensex jumped 624 points or 1% to hit the day's high of 63,772.22, the broader Nifty50 gained 190 points to scale an intraday high of 19,046.

It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Despite being heavily taxed, if one looks at the long term trends, it is business which grows at a certain rate irrespective of all headwinds. In India, liquor is a state subject and many state governments publicly say they don't want to grow, but if one looks at their revenue collection numbers it is clear they cannot stay without it. Despite all the headwinds, what is that which makes them grow?

For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space.

The EBITDA in the quarter under review rose 15% to Rs 115 crore from Rs 100 crore in the same quarter last year. The margin, however, was down to 19.1% in the June-September period as against 23.3% in the same quarter a year ago.

Operating profit (before provisions and contingencies) jumped 12% to Rs 6,216 crore in the reporting period against Rs 5,567 crore in the last year period. Provisions during the second quarter fell nearly 30% year-on-year (YoY) to Rs 3,444 crore. The same stood at Rs 4,906 crore in the corresponding quarter of previous year.

The pan-European STOXX 600 was down 0.1% by 0711 GMT and was on track to end 0.2% lower for the week.

From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts.

Barring Adani Total Gas and Adani Wilmar, mutual funds (MFs) increased their stake in eight Adani stocks in the September quarter, according to the latest shareholding data. Meanwhile, foreign institutional investors (FIIs) reduced their investments in 8 counters, except Adani Ports and NDTV. (Data Inputs: Ritesh Presswala)

Under the contract, the company will supply 16 wind turbines with a rated capacity of 3.15 MW each. The project is expected to be completed in 2025 at Dwarka district in Gujarat.

Bharat Electronics’ daily trend is bearish to sideways. The RSI for weekly is showing sideways momentum, however, the RSI for daily is showing bearish momentum. Based on option chain analysis, the range is between 125 and 140. Let’s plan a trade around this.

Asian Paints on Thursday reported a 53.3% year-on-year (YoY) rise in consolidated net profit for the quarter ended September 2023 at Rs 1,232.4 crore. The profit was below the ET Now Poll estimate of Rs 1271 crore.

However, since the beginning of this month, end-user industries have started showing signs of pick-up in demand, which is expected to sustain going ahead, says Ronald Siyoni, Associate Vice president at Sharekhan by BNP Paribas.

From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts.

The Nifty50 opened low and maintained the trend, closing with a loss.

Over two dozen stocks are trading with momentum indicator RSI trending down. ETMarkets has picked five stocks in this pack to give insights about their movement trends on October 26. RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI. Furthermore, RSI also enables an understanding of the stock’s overvalued or oversold state. (Source: StockEdge)

TCI Express is India’s fastest B2B express delivery service provider following an asset light model. With high operating cash flow generation capability, strong earnings growth, consistent dividend paying record, high return ratios, and nil debt, the stock provides a buying opportunity to investors, says Ronald Siyoni of Sharekhan by BNP Paribas.

As part of its plan to increase shareholding in the recently demerged entity Jio Financial Services, promoter team Mukesh Ambani has bought more shares of the company from the open market. The promoter is looking to increase shareholding by another 2.5 crore of which around 1 crore has already been done.

That gave Berkshire about 228.1 million Occidental shares, a 25.8% stake worth approximately $14.4 billion.

Estimates about how much of a "windfall" the Haslams said Berkshire would receive at their expense because of its accounting were redacted.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. CA Rudramurthy has a buy/sell recommendation on ICICI bank and United Spirits for today's trading session. Check out the targets and stoploss.

From the Sensex stocks, Infosys, Tata Steel, M&M, NTPC, SBI and Wipro opened with gains, while only Asian Paints, UltraTech Cement, and HUL opened with cuts.

India VIX was up by 3.71% from 11.31 to 11.73 levels on Thursday. Volatility spiked to 12.7 zones during the day and paved the way for the bears to completely take over the market.

Jefferies maintained a buy rating on Colgate Palmolive India and raised the target to Rs 2320 from Rs 2180 earlier.

Sensex climbs over 300 pts, Nifty above 18,950; Shriram Fin jumps 6%, Ujjivan SFB 4%; Axis Bank, NTPC, HCL Tech are some of the gainers in the morning trade.

JP Morgan said India offers the strongest emerging market nominal GDP compounding (demographic trends, infrastructure investment needs) and has competitive risk-adjusted returns to developed market equities. A deeper domestic bond market should support lower risk premia, it said.

Stocks that were in focus included names like BSE, which rose 1.97%, Jubilant Food, which declined 3.84%, and Vodafone Idea, whose shares dropped 0.53% on Thursday.

"Ironically, while the numbers are strong they exacerbate investor concerns about the Fed staying higher for longer with respect to interest rates," Bassuk added.

All eyes were on U.S. data later in the session that may show core inflation growing 0.3% in September on a monthly basis, pushing the annual rate lower to 3.7% from 3.9% a month ago.

The rupee continued its downward trend for the third consecutive session to close 8 paise lower at 83.25 against the US dollar on Thursday, dragged down by massive selling in equity markets and strengthening American currency overseas.

Jindal (India) has submitted a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) process. The company will be against Reliance Retail, which has sought time till October 30 to decide if it wants to bid for Future Enterprises.

Laxmi Organic reported net profit of Rs 10.7 crore for the quarter ended September. Revenue from operations stood at Rs 652 crore.

“Dreamfolks Services stock is forming an inverted head and shoulders pattern and stock is about to break its 2nd shoulder on good volume. Traders can buy for a target of Rs 553-560 in the next 1 month,” Jay Patel, Research Head at Investmentor Securities Limited, said.

The average price target on Axis Bank of all analysts compiled by Bloomberg following the second quarter results is ₹1,169.78, implying an upside of almost 20.18% over Thursday's closing.

Fears that the Hamas-Israel conflict may widen into a bigger regional turmoil added to the negative sentiment. The fall in global crude prices did not aid sentiment.

Credit information companies (CICs) have been instructed by the Reserve Bank of India (RBI) to notify clients by email or SMS whenever financial institutions access their credit information report (CIR), provided that the customer's email address or mobile number is accessible. After six months, the revised guidelines will come into effect.

An email sent to the RBI seeking comment for the story remained unanswered till press time. In an unexpected step, RBI Governor Shaktikanta Das said on October 6 that the central bank would hold open market bond sales to drain out excess liquidity in the banking system. The yield on the 10-year benchmark government bond has since climbed as much as 16 basis points to a seven-month high of 7.38%, inflating borrowing costs for the Centre, and corporates.

While mid-cap and small-cap indices have fallen about 6% in the previous six trading sessions, about 23 stocks in the Midcap 150 index and 55 stocks in the Smallcap 250 index have fallen more than 10%.

"Long-term investors do not need to do much and the only thing they can do is to add on in dip and stay with quality," said Mukesh Kochar, head of wealth at AUM Capital.

Out of the 60 stocks below this long-term trend indicator, Navin Fluorine International, Indraprastha Gas, Gujarat Gas, Biocon, HDFC Bank, Pidilite Industries, Kotak Mahindra Bank, Dabur India, BPCL, and Wipro are among the notable names. The Nifty has dropped 4.8% in the past week.

High-risk short-term traders can look to buy Dreamfolks Services stock for a target of Rs 550-560 in 3-4 weeks, suggested experts. The stock, which is also part of the S&P BSE Smallcap index, hit a record high of Rs 846.75 on 2 August but failed to hold on to the momentum. It closed at Rs 504 on 23 October, which translates into a fall of over 40%.

Meta Platforms fell about 4%, even after its third-quarter results beat expectations, as the Facebook parent forecast 2024 spending above estimates and suggested the Middle East conflict could dampen fourth-quarter sales. The 10-year Treasury yield still hovered near the 5% mark despite easing after inflation and disposable income data, dragging megacaps Tesla and Microsoft down 1.7% and 3.1%, respectively.

Indian equity indices closed lower for the sixth consecutive session on Thursday, dragged by banking, financial, auto and IT stocks. The S&P BSE Sensex closed 1.4% lower at 63,148, while the NSE Nifty 50 index ended below the 18,900 level."Having moved into the oversold region, there are chances of upside bounce occurring from the lows. A decisive move below 18800 levels could open the next downside of 18500-18600 levels in the near term," said Nagaraj Shetti of HDFC Securities.Here are 6 stock recommendations for Friday: