The stock today opened with gains of 1.3% and hit the day's high of Rs 967.90 despite Nifty and Bank Nifty trading in deep red.

The markets remained weak. The Nifty opened positive and soon hit a high. But it slipped into negative territory.

Editor's Take: "Broader market selling excruciating; small-caps are simply losing fat," ET Now's Nikunj Dalmia says after bears grip D-street.

IRM Energy's shares were listed at a discount of over 5% to the issue price on Thursday. The stock debuted at Rs 477.2 on NSE and Rs 479 on BSE, both down over 5%. However, analysts believe that the IPO was fairly priced and the company has a strong customer base and distribution network. The IPO received a healthy subscription of 27.05 times. IRM Energy is a city gas distribution company in India and plans to use the proceeds for capital expenditure and debt repayment.

The Nifty October series rollover currently stands at 62.96% while the open interest-wise put-call ratio (PCR) stands at 0.56 for the October monthly series, which indicates a flat-to-bearish bias for the monthly expiry.

India VIX was up by 3.78% from 10.90 to 11.31 levels in the previous trading session. Volatility spiked to 12.17 zones during the day and paved the way for the bears to take over the market.

Among the Sensex stocks, Tech Mahindra and M&M fell around 2.3% each. Tata Motors, Bajaj Finserv, Bajaj Finance, Asian Paints, and Tata Steel also opened lower. Whereas only Axis Bank, HCL Tech, and IndusInd Bank opened higher.

In the NSE list of stocks with a market cap of over Rs 500 crore, we have collated a list of 5 stocks that witnessed a 5-year swing high at the close on October 25, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 25, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Stocks that were in focus included names like Mahindra Logistics, which fell 1.94%, NDTV, which declined 2.38%, and Vodafone Idea, whose shares declined 0.91% on Wednesday.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Vaishali Parekh has a buy/sell recommendation on Oriental Hotels and Torrent Pharma, while Soni Patnaik has a buy/sell recommendation on Coal India and Indian Hotels Nov Fut for today's trading session. Check out the targets and stoploss.

The benchmark S&P 500 index notched its fifth daily decline in six to close below the closely watched 4,200 level. The Nasdaq Composite slumped to its biggest single-session percentage drop since Feb. 21, with interest rate sensitive megacaps weighing heavily the tech-laden index.

"The economy is slowing faster than recent data suggests," Ackman said in the post, adding "There is too much risk in the world to remain short bonds at current long-term rates."

Several large progressive-minded companies following good governance practices are also looking to send a message to investors about a transparent culture and mindset, experts said.

The finance ministry is likely to adopt a "prudent selloff" approach now, one official told ET, adding there won't be "divestment for the sake of divestment anymore" and the government will remain mindful of the right price for its assets as well as the interests of investors.

Leading private lender Axis Bank has posted 10% year-on-year growth in its standalone net profit at Rs 5,863 crore in the July-September period.

“Dodla Dairy stock is showing positive Elliott Wave structure which supports the postulate of fresh life high levels in the coming months,” Gaurav Bissa, VP, InCred Equities, said.

"Overall we expect Indian markets to remain volatile on the back of concerns over higher interest rates, ongoing Israel-Hamas war and mixed Q2 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

Does this mean India, with world-leading growth prospects by even the most conservative of assessments, is immune to the unrelenting northward march in global risk-free rates that are at their highest since the Global Financial Crisis? Well, not quite. Rather, a relatively circumspect pace of ascent for the US Dollar Index explains the soft landing in Indian equities thus far.

The Supreme Court has criticized the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company ten years after conducting an investigation. The case involves the alleged misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry into the delay and submit a report.

Among sectors, the Nifty Auto index has been the best and the most consistent performer in this period. It gained in all 10 years.

The regulator said it observed that Ansari is promoting himself as a stock market expert on various social media platforms and luring investors to enrol for various 'educational courses' offered by him and inducing them to invest in securities market by promising them the prospect of making profits with near certainty if the recommendation is followed.

High-risk traders can look to buy Dodla Dairy stock for a bounce back towards Rs 800 levels in 4-6 months, suggested experts. The stock failed to build momentum after its listing in June 2021 but after taking support above Rs 380 levels, it witnessed some recovery and finally managed to break the resistance zone of Rs 660-670 in July

NSE's Nifty fell 159 points or 0.83% to close at 19,122. BSE's Sensex declined 522 points or 0.81% to end at 64,049. Both indices fell about 2.7% in past five days.

Power stocks saw the highest outflows in the period between October 1 and 15 worth ₹2,069 crore, after witnessing foreign investors' selling to the tune of ₹9,731 crore in September. The sector had received flows between January and September.

The communication services sector fell 5.2%, on track for its worst single-day drop in a year, and touched a near one-month low. Microsoft, on the other hand, rose 2.7% to a three-month high after topping expectations for first-quarter results in all segments, including its cloud business. Other megacaps including Apple and Amazon.com fell 1% and 4.8%, respectively, as Treasury yields climbed after data showed accelerating new home sales in September, affirming expectations of prolonged high interest rates heading into 2024.

The celebrity investor shed her stakes in Autoline Industries and Rallis India in July-September quarter as per the public shareholding data available on the BSE. Jhunjhunwala's holdings which stood at 2.52% and 7.75% in Autoline Industries and Rallis India, respectively, did not show up in the September quarter filings.

Benchmark equity indices closed lower for the fifth straight session on Wednesday, dragged by banking, financial, and IT stocks. The S&P BSE Sensex closed 0.8% lower at 64,049, while the NSE Nifty 50 index ended below the 19,150 level."Nifty Bank bears maintained control, leading to a breach of the 43,000 support level. The overall market sentiment remains bearish, and a "sell on rise" strategy is advisable. Immediate resistance is seen at 43,500, and further selling pressure could potentially drive the index down to 42,000, a long-term support level," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.Here are the 5 stock recommendations for Thursday:

Sebi observed that the finfluencer was promoting himself as a stock market expert on various social media platforms and luring investors to enrol for various ‘educational courses’ offered by him and induced them to invest in securities market by convincing them about the prospect of making profits with near certainty if the recommendation is followed.

JB Chemicals and Hindustan Aeronautics are among the top 5 stocks that saw maximum mutual fund investments in the September quarter. Here’s the full list of sectoral toppers (Source: Trendlyne)

The company’s shares fell as much as 8.9% to $126.40 in New York, the biggest decline since October 2022. The shares had gained 57% so far this year through Tuesday’s close. The company posted $44 billion in search advertising, beating the average analyst projection for $43.2 billion.The company was pleased with its advertising revenue growth after a period of “historic volatility,” Porat said on an investor call after the results.​

The S&P 500 opened lower by 15.26 points, or 0.36%, at 4,232.42, while the Nasdaq Composite dropped 100.01 points, or 0.76%, to 13,039.86 at the opening bell.

he aftermath of US bond yields going up by 5% in the US led to a major market crash in India as well. The yield on 10-year US treasury note rose above 5% on Monday, hitting the July 2007 milestone. The 10-year yield touched 5.004% on Monday, up around 8 bps on the day. It was briefly bid at a 16-year high of 5.001% on Thursday. It has risen 160 basis points since mid-May.

BSE was up by 4.5% on Wednesday due to news of increasing transaction charges on the equity derivative segment from 1 November 2023. The stock has given a good run up from Rs 1420-1820 levels in the last 2 months so we would avoid fresh longs at the current levels as we can see some divergence in RSI.

For the fifth consecutive trading session, the benchmark index Sensex ended in negative territory. On Wednesday, it closed significantly lower, shedding approximately 522 points to reach 64,049. Over the past five trading sessions, the index has witnessed a collective loss of approximately 2,350 points. Amid today's decline, numerous stocks suffered alongside the broader market, with six stocks from the BSE commodities index hitting new 52-week lows.The 52-week low signifies the lowest price at which a stock has traded in the past year. Some traders and investors consider this technical indicator a crucial factor for evaluating a stock's present worth and forecasting its future price movement.

Astha Jain from Hem Securities provides valuable insights into the market trends that can help investors make informed decisions about investing in the Blue Jet Healthcare IPO.

Persistent’s revenue grew by 3.2% in constant currency (cc) and by 3.1% in reported terms to $ 2,917.1 million from the previous quarter. Analysts had anticipated a 2.9% increase in cc terms. In rupee terms, revenue rose by 3.9% sequentially to Rs 2,411.7 crore. Net profit fell by 0.7% to Rs 263.2 crore adjusting for the one-time expenditure incurred in the prior quarter. Higher costs put pressure on profit and profitability.

Several largecap stocks are trading below their 10-year average PE, suggesting these stocks can turn out to be good value buys as the euphoria in midcaps and smallcaps makes them overvalued. Bloomberg consensus estimate suggests up to 29% upside in these largecap stocks. Here's the full list: (Source: ET Bureau)

BSE was up by 4.5% on Wednesday due to news of increasing transaction charges on the equity derivative segment from 1 November 2023. The stock has given a good run up from Rs 1420-1820 levels in the last 2 months so we would avoid fresh longs at the current levels as we can see some divergence in RSI.

September quarter shareholding data shows the promoters have bought 6.1 crore shares. In the meantime, mutual funds have decreased their ownership from 6.27% to 4.71%. FIIs too have reduced holding to 21.58% from 26.4% at the time of listing.

In the last 12 months, Tech Mahindra had one of the highest dividend yields on the Street at 4.38% after paying a dividend of Rs 50 per share in the same period. The said interim dividend will be paid on November 21, 2023, to the equity shareholders of the company whose names appear on the register of members of the company or in the records of depositories as beneficial owners of the shares as of the record date.

The Golden Crossover is a critical indicator in technical analysis. It occurs when a shorter-term moving average of a stock's price crosses above a longer-term moving average. The most commonly used moving averages are the 50-day and 200-day moving averages. This pattern signifies a potential shift in market sentiment, often indicating a bullish phase for the stock.

In this article, we explore the Relative Strength Index (RSI) and its significance in assessing stock movements. We delve into three stocks that are currently trending up, providing insights for potential investors.

In this article, we explore stocks that are currently in the overbought zone but exhibit bearish or declining Relative Strength Index (RSI) trends. We delve into the significance of RSI and provide insights for potential investors.

In this article, we explore stocks that are currently trading in the overbought zone and discuss the significance of the Relative Strength Index (RSI) in assessing stock movements. We provide insights to help potential investors make informed decisions.

The Relative Strength Index, commonly known as RSI, is a widely-used momentum oscillator that measures the speed and change of a stock's price movements. RSI values range from 0 to 100, with readings above 70 considered overbought and readings below 30 indicating oversold conditions.

Several stocks with market valuations exceeding Rs 1000 crore exhibited noteworthy movements by surpassing their 50-day SMA, signaling potential changes in their stock trends.

The stock market witnessed several notable performances as three prominent stocks reached new 52-week highs on October 25.

In an extraordinary day for the stock market, three prominent stocks reached new all-time highs on October 25, underlining the robust performance and growth potential of these companies.

Several major stocks displayed notable movements by surpassing their 20-day SMA, signaling potential changes in their stock trends.