The plan calls for the fund to have access to total capital of up to hundreds of billions of yuan, the report said, adding that implementation details have not been finalized and there could be a chance the proposal will be scrapped.

In the Nifty500 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on October 12, 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.

Stocks that were in focus included names like NMDC, which rose 5.42%, Britannia, which rose 0.1%, and Laurus Labs, whose shares jumped 0.14% on Thursday.

The second-day drop in Birkenstock shares was deeper than a broad Wall Street sell-off, with the S&P 500 last down about 1%.

In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 12, 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.

GIFT Nifty on the NSE IX traded higher by 24.5 points, or 0.12 per cent, at 19699.50, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on GAIL and Mrs Bectors Food, while Nooresh Merani has a buy/sell recommendation on GAIL and Indusind Bank for today's trading session. Check out the targets and stoploss.

After the data, the S&P 500 spent the morning zig-zagging between red and green. It turned decisively lower after a 1 p.m. EDT (1700 GMT) auction of 30-year U.S. Treasuries met weak demand.

Both have edged back in recent days, due mainly to elevated geopolitical risk, analysts say, although yields remain high.

After the data, the S&P 500 spent the morning zig-zagging between red and green. It turned decisively lower after a 1 p.m. EDT (1700 GMT) auction of 30-year U.S. Treasuries met weak demand.

"L&TFH stock has been witnessing a steady up move for the last seven months, after breakout from a reversal pattern. Traders can buy for a target of Rs 158 in the next 1-2 months," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.

IT services company HCL Technologies has reported 10% growth in its consolidated net profit at Rs 3,832 crore for the quarter ended September.

Foreign portfolio investors were net sellers at Rs 1,862 crore on Thursday. DIIs bought shares worth Rs 1,532 crore.

​As investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.

​​The announcement comes within a fortnight of PE major True North announcing 20% stake sale in company to Bupa for 2,700 crore, making UK-headquartered company a majority owner in company.

The agreement is to leverage India Post’s deep connect with rural India and Sidbi’s lending and credit risk assessment models that could help millions get formal credit.

Small finance banks in India, including AU, Equitas, and Ujjivan, are waiting for regulatory approval to upgrade their licenses and become universal banks. Despite already offering a wide range of products, these banks want to shed the "small bank" label to improve their perception among stakeholders and attract more depositors.

The government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to reduce the fiscal deficit by almost 1.5% of GDP over the next two years, to achieve a target of 4.5% of GDP by FY26.

Consensus EPS to drop; weak revenue commentary to weigh on P/E multiples

The regulator found entities breaching the spirit of the law while doing inspections and from market intelligence, he said.

​​Deutsche Bank had recently said that Rahul Chawla would take charge of the newly created role of head of financial sponsor financing for Asia.

​He was addressing industry leaders at a chintan shivir (brainstorming session) where issues related to creating a manufacturing ecosystem, maintaining quality standards, promoting domestic value addition, government policies and support, and fostering industry agility were discussed.

The Reserve Bank of India (RBI) has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank for failing to comply with regulatory guidelines. The bank was found to have violated licensing guidelines, delayed reporting of cybersecurity incidents, and failed to secure mobile banking applications.

The country's largest software services exporter announced a ₹17,000 crore share buyback, where it will acquire 40.9 million shares at ₹4,150 per share, at a premium of 17.5% to its Thursday closing price of ₹3,542. Investors can tender the shares in the buyback to benefit from an arbitrage opportunity.

The stock hit a 52-week high of Rs 140.20 on 3 July 2023 but failed to hold on to the momentum. However, it has been gaining momentum for the last 7 months. The stock was up over 2% in the last 1 month compared to a negative return seen in the S&P BSE 500 index in the same period

Bengaluru-based Fintech startup Groww has shot past the country’s leading discount brokerage company Zerodha in terms of the highest number of active investors. Figures compiled by NSE show that Groww has 6.63 million active investors compared to Zerodha’s 6.48 million at the end of September this year.

U.S. benchmark 10-year yields rose to 4.6512% after falling for two straight days, putting real estate , consumer staples and utilities - often considered as bond proxies - amongst the worst hit S&P 500 sectors on Thursday

Saudi Arabia's benchmark index edged up 0.1%, supported by gains in most sectors, with oil major Saudi Aramco adding 0.5% and Company for Cooperative Insurance surging 3.7%

The report revealed that the Nifty100 companies have an average corporate disclosure score of 6.5 out of a maximum of 10

Infosys ADRs hit a low of $16.21 — their lowest level since July 28. Constrained by the slowdown in the developed economies, the software services exporter cut constant currency revenue growth guidance to 1.0-2.5% from 1.0-3.5% earlier

The Dow Jones Industrial Average rose 40.78 points, or 0.12%, at the open to 33,845.65

On daily charts, we can observe that Nifty has been consolidating after a sharp rally of about 350 points in the previous couple of trading sessions. This consolidation is a healthy sign and shall set the floor for the next leg of an upmove. On the downside, the gap area formed in the range 19718 – 19757 is likely to act as a short-term support, and on the upside, the rally has the potential to extend to 19,884 – 20,030.

On Thursday, the Sensex saw a drop of approximately 65 points, ending the day at 66,408. In contrast to this market decline, ten stocks listed on the BSE midcap index achieved their highest prices in the last 52 weeks. The 52-week high holds significant significance for specific traders and investors as it acts as a vital technical indicator for evaluating a stock's current value and projecting possible price fluctuations. This value represents the highest price at which a stock was traded over the preceding year.

Earlier in July, Maruti Suzuki India had received board approval to acquire Suzuki Motor Gujarat (SMG) from its Japanese parent SMC. SMG was a wholly-owned subsidiary of Suzuki Motor Corporation and recorded a turnover of Rs 31,853 crore for FY23.

Sectorally, buying was seen in oil & gas, energy, metal, and auto stocks while IT, realty, and capital goods stocks saw some selling.

Surpassing the 200-day SMA is a significant technical achievement that often signals longer-term trends in the stock market.

"The market is growing leaps and bounds. Short-term investors may want to book profits, but those who are looking for the long run can hold the stock, which might repay with decent returns in the next six months," said Avinash Gorakshakar of Profitmart Securities.

But in the smallcap category, one of the best-performing funds has been Aequitas Investment’s “India Opportunities”, giving more than 3% returns in September, and a staggering 82% over a 1-year period.

ETMarkets closely examines 10 stocks out of the 12 identified on October 11, Wednesday, and explores why RSI is a crucial tool for investors to assess stock movements.

Surpassing the 50-Day SMA is a significant technical achievement that often signals short to medium-term trends in the stock market.

Brokerage Prabhudas Lilladher remains positive on auto, banks, capital goods, hospitals, and discretionary consumption in this market. "Risk rewards seem evenly balanced with Nifty PE discount at 16.7% to LPA while impending El Nino impact and 2024 elections are a key risk," it said. Amid this backdrop, here are its 8 largecap stock ideas:

Closing Bell: Sensex falls 65 pts, Nifty below 19,800; Infy, HCL Tech drop up to 3% ahead of Q2 results.

From the Sensex pack, Infosys, Tech Mahindra, TCS, and HCL Tech were the top laggards, falling 1.9-2.8%. Bajaj Finance, Wipro, Nestle, Kotal Bank, and SBI also closed lower. On the flip side, Maruti, Power Grid, NTPC, and M&M closed with gains

This article delves into the concept of the Golden Crossover, a key technical indicator, and analyzes 10 stocks that have recently experienced this pattern.

"The market is growing leaps and bounds. Short-term investors may want to book profits, but those who are looking for the long run can hold the stock, which might repay with decent returns in the next six months," said Avinash Gorakshakar of Profitmart Securities.

On October 11, Wednesday, StockEdge reported 21 stocks with RSI trending up, and ETMarkets handpicks 10 stocks to provide a comprehensive understanding of this momentum indicator.

This article delves into the intriguing world of stocks that are in the overbought zone but are displaying bearish or declining Relative Strength Index (RSI) trends. ETMarkets analyzes two such stocks, Oil India Ltd. and Godrej Industries Ltd., which may provide investors with important insights into the complexity of stock signals.

When numerous mutual fund schemes have a stake in a specific stock, it instills greater confidence in investors. In September 2023, it was found that more than 100 mutual fund schemes were invested in a total of 132 stocks. An analysis conducted by ETMarkets revealed that 84 out of these 132 stocks held by over 100 MF schemes in September generated price returns surpassing 10% in the ongoing calendar year of 2023. Moreover, the analysis pinpoints seven stocks that have experienced a significant surge of over 60% in the current year of 2023. Out of these, 4 stocks have transformed into multibaggers, and it's noteworthy that all these stocks were included in the portfolios of more than 100 MF schemes in September '23. (Data Source: ACE MF)

SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%.

ETMarkets takes a closer look at 10 stocks out of the 21 that made the list on October 11, Wednesday, and explores why the Relative Strength Index (RSI) is a key tool for investors to assess stock movements.