The promoter group's stake will fall to 63.5% after the IPO from 74.4%. The company focuses on customers in rural and semi-urban areas which contribute nearly two-thirds to the loan book

All 11 major S&P 500 sectors were trading higher, with real estate and consumer discretionary leading gains. Traders pared back the risk of a December hike to about 20% and a January move to 25%, according to the CME Group's FedWatch tool. They have also priced in a 70% chance that the tightening is over.

The company's shares climbed nearly 7% to $55.12 on Thursday as a strong full-year profit forecast also calmed market jitters about a spending slowdown.

During Thursday's trading session, the Sensex benchmark index experienced a substantial surge of roughly 490 points, concluding the day at 64,081. Amid this surge, 9 stocks included in the BSE commodities index reached their highest prices within the past 52 weeks. The 52-week high holds special importance for traders and investors as it serves as a crucial technical gauge for assessing a stock's present value and forecasting potential price fluctuations. It signifies the highest price at which a stock has traded during the preceding year.

The Dow Jones Industrial Average rose 183.24 points, or 0.55%, at the open to 33,457.82

The company's shares climbed nearly 7% to $55.12 on Thursday as a strong full-year profit forecast also calmed market jitters about a spending slowdown.

The short-term uptrend status of Nifty remains intact and there is a possibility of Nifty moving towards 19200-19300 levels again in the coming sessions before consolidating again from the highs, said Nagaraj Shetti of HDFC Securities.

The S&P BSE Sensex rallied nearly 500 points while the Nifty50 closed above 19100 levels. Sectorally, buying was seen in realty, telecom, metal, and public sector stocks.

The stock of Larsen & Toubro has gained 11% over the past three months compared with the 7% gain in the S&P BSE Capital goods index. The outperformance of India’s largest infrastructure company is likely to sustain given the strong order flow and execution in the September quarter.

Despite publishing forecasts which now show the British economy now skirting close to a recession and flat-lining in the coming years, the BoE held Bank Rate at 5.25% for the second meeting in a row after 14 back-to-back increases. It also reinforced its message that borrowing costs were set to stay high, even though only about half of the impact of its long run of rate hikes have been felt in the economy so far.

The Relative Strength Index (RSI) is a vital tool for stock analysis. In this article, ETMarkets dives into the RSI and spotlights four stocks - IndusInd Bank, Infibeam Avenues, TTK Prestige, Kalpataru Projects International, and Amber Enterprises India - experiencing a downward RSI trend.

TCHF II has already allocated 60% of the $130 million corpus raised last year. It has concluded seven investments to date. The current TCHF II portfolio is strategically diversified across domestic and export pharmaceuticals, cancer care clinics, dialysis centers, integrated regional diagnostic chains, and digital healthcare.

In the world of stock market analysis, the Relative Strength Index (RSI) plays a pivotal role. ETMarkets presents insights into stocks that have witnessed an upswing in their RSI, helping investors make informed decisions. We delve into Easy Trip Planners, Varun Beverages, Vedant Fashions, Eureka Forbes, and Hero MotoCorp to uncover what their RSI movements mean.

In the world of stock market analysis, the Relative Strength Index (RSI) serves as a vital compass. ETMarkets brings you insights into stocks that have ventured into the overbought zone. We explore what RSI means and spotlight five stocks – Angel One, CreditAccess Grameen, Swan Energy, BSE Ltd., and Multi Commodity Exchange of India Ltd. – currently in this territory.

Exceeding the 50-day SMA is often seen as a bullish signal, suggesting potential short- to medium-term growth. On November 1, several midcap stocks displayed an encouraging sign as they surged above their 50-day SMA, hinting at possible bullish momentum.

Closing Bell: Sensex resumes rally after 2-day break, surges 490 pts; Nifty above 19,100; Tata Steel, TaMo gain 2% each

After two straight sessions of losses, The NSE Nifty 50 index settled 0.76% higher at 19,133, while the S&P BSE Sensex surges 490 pts or 0.77% to 64,091. All sectoral indices closed higher. Nifty Realty surged 2.5% and was the top sectoral gainer, while Nifty PSU Bank, Metal, FMCG and Healthcare surged 1% each.

Surpassing the 200-day SMA is typically considered a bullish signal, suggesting potential long-term growth. On November 1, several major stocks surged above their 200-day SMA, signaling potential bullish trends.

Surpassing the 100-day SMA is often considered a bullish signal, indicating potential medium-term growth. On November 1, several major stocks surged above their 100-day SMA, signaling potential bullish trends.

Dive into the world of stock market analysis with a focus on the Golden Crossover, a key technical pattern. ETMarkets presents insights into five stocks that recently experienced a Golden Crossover, shedding light on how this pattern can influence investment decisions.

The NSE Nifty50 opened higher on Thursday by about 155 points at 19,144. During this rally, 6 large and midcap stocks managed to hit new 52-week highs. Here's a list:

Calling India a "land of opportunities and innovation", he said that his optimism about India is driven by the stable government and young demographic, with an average age of 27 years.

Adani Power stock is just 4.8% shy of its 52-week high of Rs 409.70. The stock has rallied 194% since hitting its 52-week low of Rs 132.40 on February 28, 2023, in the aftermath of the Hindenburg report.

India's state-run insurer Life Insurance Corporation (LIC), Mankind Pharma, Campus Activewear, TVS Supply Chain Solutions, Kaynes Technology, and ten other stocks will see their lock-in period expire in November. Brokerage Emkay has compiled the data in its IPO Tracker report.

The rise of stocks to new all-time highs paints a vivid picture of the ever-evolving stock market. As per data available on StockEdge, five midcap stocks hit their all-time high in Thursday's trade, which includes KPIT Technologies, REC, and Macrotech Developers. Here is a list:

One immediate impact of what the US federal reserve has done by pausing the interest rates is that some amount of risk on trade will be back on the table. This essentially means that new age companies, IT sector stocks and metals would be in focus. Of all the sectors it is metals which probably have more tailwinds not because of anything else but one simple reason, the Chinese economy getting back on track. If one looks at the reaction of the street to the US Fed announcement, it is the nifty metal index which after a gap up opening has performed better than many other indices in the first half of the trading session.

"At $200 a share, Tesla looks overvalued, based upon my story, but it is two bad market days from becoming a buy. I have a limit buy at $180, with the recognition that it may never get there and that I have no margin of safety," Damodaran tweeted.

The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has given just over 4% returns during this period according to Trendlyne data.

Skipper said in an exchange filing that the firm won orders in the domestic T&D business of Rs 788 crore from Power Grid Corporation of India Ltd (PGCIL), and orders worth Rs 136 crore for several other domestic T&D projects including Telecom. Meanwhile, Skipper has also given multibagger returns to its investors as the stock has gained nearly 110% in the last six months, while it has gained over 220% in the last two years and over 400% in the last three years.

As the monthly auto sales numbers got announced yesterday, there was a higher amount of activity in the auto stocks. While monthly sales do hold relevance, more important is what is happening on the EV front by large companies. This normally would come when quarterly results are announced. While some companies are opening their EV strategy, they are very cautious in their approach. That is why analysts are bullish on few of the stocks from the sector as a whole.

The Futures Short Position Scan conducted on the previous trading session i.e. November 1, suggested that Aggressive New Short Positions were taken on some of the Nifty50 stocks. This is a bearish indicator that shows the futures OI has increased while the price has decreased. (Source: StockEdge)

The tyre maker also approved an investment of Rs 1,025 crore for manufacturing capacity expansion. The expansion is proposed to be funded by way of equity/internal accruals and debt.

Through the Futures Long Position Scan, it has been revealed that Aggressive New Long positions were taken on some of the largecap stocks on the previous trading session i.e. November 1. This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

The US interest rates and yields are one of the most important drivers of liquidity in global markets. That is the reason at the first hint that the US Fed is not going to increase the interest rate in the near future, all emerging markets, including India are witnessing bullish moves today. While we are not here to spoil the party, the fact remains that the valuations are still on the higher side. So, while what the US Fed has done might make the street party before the weekend, it would still be better to stay focussed on large caps as they have more ability to weather the storms which come unannounced. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

With Wall Street traders pricing in only a 20% chance of a rate increase in December, the yield on 10-year Treasury notes fell to fresh two-week low of 4.705% while the two-year US Treasury yield, which typically moves in step with interest rate expectations, fell to near two-month low of 4.925%.

As we reach the end of Samvat 2079, a look back shows Indian benchmark indices witnessed a roller ride and have marginally underperformed their emerging and developed market peers, according to a research report by SBI Securities. While Nifty50 delivered returns of 7.6% in the nearly 1-year period between October 2022 and October 2023, Sensex has risen 6.8%. Broader markets, however, delivered strong returns across the board with Nifty Smallcap 250 and Nifty Midcap 100 index having delivered 28.3% and 26% returns, respectively.

Jefferies maintained a buy rating on Sun Pharma with a target price of Rs 1310. The Q2 miss was largely on higher operating expenses.

With a strong emphasis on quality control and an integrated approach to manufacturing, Shyam Metalics has emerged as a powerhouse in the Indian steel industry, and is poised to make significant strides in both domestic and international markets, according to Dhruv Mudaraddi of Stoxbox.

During the quarter, FIIs raised their stake in at least 529 stocks, out of which a vast majority of 496 counters have given positive returns in the fiscal year and 95 have more than doubled investor wealth, shows ACE Equity data.

On the weekly options front, the maximum Call OI is placed at 19100 and then towards 19200 strikes while the maximum Put OI is placed at 18800 and then towards 18900 strikes.

A host of brokerages have upgraded the target prices of a number of stocks in the last one month. Trendlyne data shows that 8 stocks, including Nestle, Bajaj Finance, Polycab, and UltraTech Cement faced up to seven analysts' target price upgrades in the last 1 month. Here's a list of these stocks:

Once Zurich acquires the 51% shareholding in the insurance company, it will cease to be a subsidiary of the bank. The proposed transaction values Kotak General Insurance at approximately Rs 7,943 crore on a post money valuation, subject to customary closing adjustments.

Sensex surges 500 points, Nifty above 19,100; JK Tyre soars 12%, RailTel 5%; Indusind Bank, Infy, Wipro are some of the other gainers in the morning trade.

Tata Motors’ daily trend is sideways. The RSI for weekly and daily are showing sideways momentum, however, the RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 600 and 700. Let’s plan a trade around this.

Shyam Metalics and Energy is a leading integrated metal-producing company specializing in long steel products and ferroalloys. With an integrated approach to manufacturing and business diversification, Shyam Metalics is poised to make significant strides in both domestic and international markets, according to Dhruv Mudaraddi of Stoxbox.

Meanwhile, the consolidated net revenue from operations grew by merely 1% on year to Rs 4,433 crore but was lower than the estimated.

Nearly one and half dozen stocks are trading with momentum indicator RSI trending up. ETMarkets has picked five stocks in this pack to give insights about their movement trends on November 1. 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)

Hero MotoCorp on Wednesday reported strong earnings for the quarter ended September 2023, with the net profit surging over 47% year-on-year (YoY) to Rs 1,054 crore. The bottomline was higher than the ETNow poll of Rs 983 crore. Revenue from operations increased by 4% on year to Rs Rs 9445.42 crore and was also above the estimated Rs 9,209 crore.

The markets continued to see pressure. Nifty opened weak and soon attempted to get into the positive territory. But it was pushed back.

GIFT Nifty on the NSE IX traded lower by 33.5 points, or 0.17 per cent, at 19,218.50, signaling that Dalal Street was headed for positive start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.