Bernstein predicts a further decline in the Indian stock market due to a potential economic slowdown, with earnings misses becoming a trend across sectors. The firm forecasts the Nifty 50 index to drop to 23,500 by year-end, citing slowing growth and weak demand as key factors.

Exide Industries witnessed a 13.66% dip in consolidated profit for the September quarter, despite a rise in revenue. The company's profits were impacted by increased expenses, even as demand in sectors like two-wheeler, four-wheeler, and industrial-UPS remained strong.

Indian benchmark equity indices continued their decline for a second day, driven down by major players like HDFC Bank and Reliance Industries. This followed the previous day's steepest drop in a month, attributed to the U.S. election uncertainty.

Several brokerages have downgraded the target prices of multiple stocks over the past month. According to Trendlyne data, 10 stocks, including IndusInd Bank, Bajaj Finance, Nestle India, HUL, and Maruti Suzuki have faced up to seven analysts' target price downgrades.Here is a list of these stocks and their revised target prices:

The PSU banking stock peaked at Rs 129 on June 4, 2024, but lost momentum, closing at Rs 103 on November 1, marking a 20% decline. Currently trading around the neckline of a Rounding Bottom breakout on weekly charts, it presents a potential entry point for medium-term investors. While it initially broke out from this pattern in February 2024, the upward momentum waned by June, offering renewed opportunity at this level.

Titan is set to release its July-September 2024 quarter results, with analysts predicting a potential 27% drop in net profit due to inventory losses from customs duty cuts. However, sales are expected to rise by 3%, fueled by a strong 25% growth in the core jewelry segment.

On November 04, three stocks with market cap of over Rs 1000 crore came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data.

Domestic benchmarks extended losses for the second day, led by HDFC Bank, Reliance, and Infosys, with Sensex down 76 points.

Eicher Motors' Royal Enfield launches its first electric motorcycle, the Flying Flea C6, marking entry into the EV space. The bike features innovative design, with 28 patents and in-house developed tech.

Shares of Embassy Office Parks REIT are in focus as CEO Aravind Maiya was suspended by SEBI for violating compliance norms. Maiya will transition to the role of Head of Strategy for the company. This follows an NFRA ruling that debarred him for 10 years over professional misconduct related to his prior role as an auditor for Coffee Day Enterprises, where lapses in audit standards contributed to a major financial scandal.

Indian Railway Finance Corporation (IRFC) reported a 4% YoY rise in Q2 FY24 profit after tax (PAT) to Rs 1,612.65 crore, with revenue from operations up by 2%. The company declared an interim dividend of Rs 0.80 per share. IRFC shares have surged 113% over the past year but have declined 20% in the last three months.

As the US election results loom, Indian markets brace for potential volatility. Analysis of market performance under past presidents reveals no clear winner for investors. Experts predict a short-term rally if Trump wins, while a Harris victory suggests continued stability but potential vulnerability for IT stocks.

On November 4, the closing prices of four stocks from the Nifty500 pack rallied over 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.

The lead-up to this year's festival saw a significant downturn in India's market, with FIIs pulling out $10 billion in October—surpassing even the capital flight during the March 2020 Covid-19 lockdown. The benchmark index experienced its largest monthly decline in over four years. This selling pressure seems far from over, as stock valuations remain high and corporate earnings expectations dim following a series of disappointing results for the September quarter across industries.

Foreign investors are becoming increasingly bearish on India’s stock market, withdrawing a record $10 billion in October as signs emerge that the country’s post-pandemic economic growth is slowing. This massive pullback contributed to the benchmark stock index nearing a technical correction. Citigroup warns that continued foreign outflows could weigh on the market's performance in the near term.

The Indian market is expected to consolidate on 5 November 2024, following mixed global cues. The Nifty50 index closed below 24,000, indicating potential weakness. Bearish sentiment dominates, with increased call writing and a rising put-call ratio. Experts suggest short-term trading opportunities in stocks like SBI, Info Edge, and Bharat Electronics, recommending buy and sell strategies based on technical analysis.

Citi has reiterated its 'Buy' rating on HDFC Bank, setting a target price of Rs 1,990. HDB has filed for an IPO to meet mandatory listing requirements and raise capital for growth. HDB is a leading, diversified NBFC-UL with a strong AAA credit rating. After the IPO, HDB’s valuation at 3-4x would account for 2.8-4.3% of HDFC Bank’s market capitalization.

Exide Industries reported a 13.66% decline in Q2 PAT to Rs 233.4 crore, impacted by higher expenses, though revenue grew modestly. Robust demand in the two-wheeler and four-wheeler replacement markets, as well as industrial-UPS and solar, supported growth. Analysts remain bullish, with Nomura maintaining a 'Buy' rating and Citi lowering its target price, citing strong demand and growth potential.

“ITC has slipped from its record high of 528.50 and recently tested the neckline area of its previous consolidation range. Traders can buy for a target of Rs 540 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Global markets held their breath as the United States headed to the polls in a tightly contested presidential election. The outcome remained uncertain, with polls showing Republican Donald Trump and Democrat Kamala Harris in a virtual tie. Investors awaited the results with bated breath, bracing for potential market volatility depending on the winner.

In the Nifty500 pack, four stocks are witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day SMA crossed below their 200-day SMAs on November 4. Take a look:

Titan is set to release its July-September 2024 quarter results, with analysts predicting a potential 27% drop in net profit due to inventory losses from customs duty cuts. However, sales are expected to rise by 3%, fueled by a strong 25% growth in the core jewelry segment.

IRCTC reported a 4% rise in Q2 net profit to Rs 308 crore, driven by growth in catering and internet ticketing segments. Despite the profit increase, margins saw a slight dip. The company declared an interim dividend of Rs 4 per share. Following the results, IRCTC shares closed 2% lower on Monday.

Hindustan Unilever (HUL) and RailTel Corporation, along with eight other companies, have set November 6 as the record date for their recently announced dividends. Investors looking to receive these dividends must own shares by the end of the trading day on November 6.

Indian benchmark indices Sensex and Nifty experienced significant drops, driven by losses in Reliance Industries and banking stocks. Analysts suggest investors monitor IRCTC's upcoming earnings for potential movement, while IRFC needs to hold above key levels for bullish momentum. Raymond, despite initial losses, showed resilience, with its future trajectory depending on upcoming earnings.

Some of the so-called "Trump trades" unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the U.S. dollar, Treasury yields and bitcoin. Trump Media & Technology Group closed up 12.37%, bouncing back from early losses of nearly 6%.

Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya.

Noel Tata, newly appointed chairman of Tata Trusts, has joined the board of Tata Sons as a nominee director. This marks the first time since 2011 that a Tata family member holds positions on both boards concurrently. Tata Trusts, with its 66% stake, is the largest shareholder in Tata Sons, the holding company of the Tata Group.

The company is said to be in the process of mandating an investment bank for the stake sale. Tessolve said it’s not engaged in fund-raising talks. Two years after its last capital round, majority shareholder Hero Electronix is looking to generate $120-150 million (Rs 1,000-1,260 crore), said the people cited above, pegging Tessolve’s value at $400-450 million (Rs 3,300-3,800 crore).

Bandhan Financial Services Ltd (BFSL), promoter of Bandhan Bank, has ventured into the IT sector by acquiring Genisys group of companies for nearly Rs 100 crore. This strategic move aims to leverage technology for business solutions and enhance shareholder value. Genisys, specializing in AI-enabled solutions for various sectors, will operate under BFSL with expanded capabilities.

The Indian government is seeking a new deputy governor for the Reserve Bank of India. Applications are due by November 30. The position will succeed Michael Patra, whose term ends in January. Candidates need 25 years of experience in relevant fields. The appointment is for three years with a possibility of re-appointment. The government encourages applications from exceptional candidates.

The Hinduja Group got approval from the Reserve Bank of India to buy Reliance Capital. The deal still needs a green light from the Department for Promotion of Industry and Internal Trade. The Hinduja Group secured funding for the acquisition. The group raised ₹3,000 crore by issuing debentures and planned to raise another ₹4,300 crore.

Embassy Office Parks Management Services is manager to Embassy REIT, the country's largest real estate investment trust with a market capitalisation of ₹40,000 crore. The regulator has asked the company to appoint an interim CEO.

Indian Oil (IOC) fell the most at 4.14%, Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) were down over 3% at close on Monday. Brent crude January Futures were up about 2% after OPEC+ announced a voluntary delay in increasing crude output for the month of December. It was already delayed in October due to falling prices.

​​The Nifty ended at 23,995—the lowest closing since August 6, down 309 points or 1.3% over Friday’s close. The Sensex closed at 78,782, down 941.88 points or 1.2%. Both indices fell as much as 1.6% earlier in the day.

Will mid-cap stocks see more decline? It is a high-probability scenario. But, in the current market, that could happen to small- and large-cap stocks as well. What matters to the street are valuations, quality of businesses, and individual managements. So, over the long term, it would pay to be bullish. Just remember three things: Be ready for some decline in the days to come over certain global issues; be more selective and cautious when picking stocks; and stagger out your buying.

Select stocks gain momentum even in volatile markets.

ITC Ltd., after reaching a record high, experienced a dip but is showing signs of recovery. Experts suggest a potential upward trend, recommending a buy for short-term gains with a target of Rs 540 in the coming months.

India's market regulator, Sebi, is pursuing Rs 130 crore from five entities, including Netizen Engineering and Citi Securities, for their alleged role in diverting funds from Reliance Home Finance. Sebi previously imposed a Rs 25 crore penalty on Anil Ambani and barred him and 24 others from the securities market for their involvement in the scheme.

U.S. stock indexes experienced a mixed trading day on Monday as investors awaited the presidential election and the Federal Reserve's interest rate decision. The market showed caution due to the close presidential race and the potential impact on various sectors. Investors also anticipated a likely interest rate cut by the Federal Reserve.

Indian market hit a 2-month low on Monday. Selling was seen in power, telecom, utilities, energy, oil & gas, and realty sectors. Gillette India, which hit a new high, has a bullish technical outlook with potential targets of 12,500.

U.S. stocks opened flat on Monday, as traders stayed away from large bets in an action-packed week in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.

Sebi directed Embassy Office Parks to suspend CEO Aravind Maiya following an NFRA order that debarred him for ten years over alleged professional misconduct linked to his role as an auditor for Coffee Day Enterprises. NFRA's findings highlight serious lapses in audit standards and due diligence under Maiya's watch.

Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock's negative listing. Afcons Infrastructure's muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent's higher OFS and challenging phase.

The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.

The market-wide open interest (OI), or the total number of active unsettled contracts in futures markets, has fallen for the first time in 12 monthly series, the analysis showed, marking a trend reversal and indicating a bearish outlook.

The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.

Markets regulator Sebi on Monday cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries.

Nifty's short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance's gold-backed lending business.