In the current fiscal year FY24, the S&P BSE Midcap index has significantly outperformed the benchmark Sensex. The midcap index has witnessed a remarkable 32% surge, while the Sensex has experienced a modest gain of 10.5%. Throughout this impressive rally, a majority of midcap stocks have delivered double-digit price returns.ETMarkets has identified nine stocks that have surged by over 80% in FY24 so far, and among them, five stocks have more than doubled investors' wealth in just a little over six months. Intriguingly, most of these stocks exhibit more strengths than weaknesses, according to Trendlyne data. (Data Source: ACE Equity)

The government plans to complete the strategic sale of SCI in this fiscal. The central government is looking to sell its 63.75% stake in SCI. It is expected to fetch Rs 3,000 crore. “There is no reason that the SCI strategic sale will not happen this year,” the report claimed, quoting this official.

The Securities and Exchange Board of India (SEBI) will say for the first time that India's customs authority alerted it to an alleged misuse of offshore funds by Adani Group companies in 2014 but that the initial investigation did not yield anything and was paused in 2017, the sources said.

Brokerage Kotak Securities continues to find valuations of the Indian market particularly large part of midcaps & smallcaps stocks and investment sectors in the expensive band. In its view, banks and financials continue to remain exceptions as they trade at relatively reasonable levels. One should follow a stock-specific approach based on the fundamental merits of the stock, the brokerage said. Amid this backdrop, it has shared its top investment ideas. Take a look:

At their session lows, both benchmarks were down by more than $5, and heating oil and gasoline futures also fell by more than 5%. Crude oil prices have fallen by about $10 since last week's settlement.

One more reason why the auto index is important to look at is the fact that while it is not an absolutely correct substitute for the transportation index available in some western countries, an auto index is something which can give an advance indication of how things are happening on ground in the economy.

Marico's domestic volumes grew in a low single-digit percentage range over the previous year, dragged by a persisting weakness in rural demand. "During the quarter, demand trends largely mirrored the trends observed in the preceding quarter," the company said in an exchange filing.

Last three weeks have seen a sharper correction both in terms of what nifty and sensex have witnessed but also in terms of market breadth coming underpressure. Now because this correction is coming at a time, when some events risks are on the domestic front and also because of developments in the US. It would be better that caution should be added to the decision making in the stock market. 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.

Short term traders can look to buy the stock now as the momentum is likely to continue which could take the stock to fresh 52-week highs of 240-280 levels, suggest experts.

"The demand momentum witnessed in August continued into September. The country's electricity consumption increased to 140 BU (Billion Units) during September '23, compared to 127 BU in September '22, marking a year-on-year increase of 10%," the company said in an exchange filing.

Having climbed more than 15% from a March low, India’s NSE Nifty 50 Index is trading at 18.2 times its one-year forward earnings, making it the most expensive national benchmark among major Asian markets, according to data compiled by Bloomberg. The Nifty Midcap 100 Index has risen 37% in the period.

Cricket World Cup is by far the largest cricketing event in India with about 330 hours of gameplay which is higher than even the Indian Premier League (IPL). The last edition, held in 2019, saw 750 million unique viewers and 14 billion hours of total viewing time.

Sector-wise, Nifty PSU Realty surged 1.2%, and Nifty PSU Bank rose 0.7%. Financial, auto, IT, FMCG, Consumer Durables, media, and metal sectors also opened higher. In the broader market, Nifty Midcap100 gained 0.8%, and Smallcap100 advanced 1%.

The PE of aerospace and defence player Zen Technologies, which makes military training live-range equipment and anti-drone systems, has fallen from an average of 225 to 76.6. HDFC Securities said that given a large order inflow and revenue visibility for the next few years, some more rerating is possible in the stock.

Morgan Stanley maintained an underweight rating on L&T Finance with a target price of Rs 110. The retail loan book continued to scale in Q2, and the disbursements remained robust. Retailization of loan book and retail loan book growth continues to be on track.

Short term traders can look to buy the stock now as the momentum is likely to continue which could take the stock to fresh 52-week highs of 240-280 levels, suggest experts.

Today's gains are on the back of a fall witnessed by Nazara shares over the past three trading sessions.

Sensex jumps over 300 pts, Nifty above 19,500; NIIT gains 4%, Navin Fluorine drops 3%; Tata Motors, TCS, Ultratech cement are some of the gainers in the morning trade.

GAIL (India)’s daily trend is bearish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 116 and 125. Let’s plan a trade around this.

As we gear up for this thrilling sporting event, let's delve into some fun trivia about the Cricket World Cup and its potential impact on various sectors. This tournament promises excitement on the field and economic implications off it, affecting industries ranging from food delivery and restaurants to airlines and hotels. We take you through what to expect as the cricketing world comes together for this epic showdown.

The multiplex industry has rebounded sharply from COVID levels as back-to-back film releases, particularly in the September quarter, drove remarkable box office collections. With the pipeline for Hindi and regional movies remaining strong over the next 3-6 months, PVR Inox is set to see strong earnings growth, says Amit Agarwal of Kotak Securities.

Brokerage firm Axis Securities is positive on a few large and midcap stocks, which can rally up to 34%. These stocks belong to different sectors such as banking, auto and pharma. These stocks include ICICI Bank, SBI, Maruti Suzuki, Ashok Leyland and ITC. Here's a list of 10 large & midcap stocks that can rally up to 34%, according to the brokerage:

Box office collections were particularly robust in the September quarter, and according to Kotak Securities, it symbolizes the first true comeback of multiplexes post the pandemic.

From the Sensex pack, Tata Motors, Titan, and Infosys were the top gainers, rising over 1% each. L&T, ICICI Bank, HDFC Bank and UltraTech Cement also opened higher. On the flip side, only Power Grid, Nestle, Axis Bank, and Bharti Airtel opened lower.

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Ten 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 October 4, Thursday. 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.

The Nifty had a weak day. It opened lower and did not find the strength to beat the trend. It did give a moment of hope but ended the day in a loss.

Synopsis: India VIX was down by 1.15% from 11.78 to 11.65 levels on Wednesday. Volatility has been hovering in a choppy manner with the absence of strength to the bulls.

Rupak De, Senior Technical analyst at LKP Securities expects bearish trend to continue in the markets going ahead till the time Nifty stays below 19,500, with initial support likely around 19,330. A fall below this level could take the Nifty towards 19,250-19,200, he opines.

GIFT Nifty on the NSE IX traded higher by 8 points, or 0.04 per cent, at 19491, signaling that Dalal Street was headed for muted start on Thursday. 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 Avenue Supermarts and HCL Tech, while Nooresh Merani has a buy/sell recommendation on Indigo and Axis Bank for today's trading session. Check out the targets and stoploss.

The market correction had nothing to do with the monetary policy, and was rather a reflection of the weak global sentiment.

In the NSE list of stocks, three stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data.

A streamlined structure could also help Agarwal sell unprofitable or low-growth assets — something the billionaire has long avoided.

The ADP National Employment Report was cheered by investors worried about rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer.

Tracking overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan's Nikkei climbed 1.2%.

​the latest factor to prompt worry on Wall Street about U.S. political governance after a near-miss with a partial federal government shutdown this weekend and a debt ceiling crisis earlier this year.

Stocks that were in focus included names like Nestle India, which rose 3.03%, Maruti, which fell 1.96%, and Coal India, whose shares declined 1.34% on Wednesday.

In the NSE list of stocks with a market cap of over Rs 2500 crore, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on October 4, 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.

The ADP National Employment Report was cheered by investors worried about rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer.

Bandhan Bank's advances grew 12% year-on-year to Rs 1.08 lakh crore while its loan collection efficiency remained stable at 98% at the end of the September quarter.

“Dr Lal PathLabs stock has recently witnessed a swift upmove along with rising volumes and prices have given a breakout above the swing high resistance of Rs. 2486 which was seen in the month of July. Traders can buy for a target of Rs 2650-2750,” Ruchit Jain, Lead Research, 5paisa.com, said.

Foreign portfolio investors were net sellers at Rs 4,424 crore on Wednesday. DIIs bought shares worth Rs 1,769 crore.

Sajjan Jindal's private company to take up to 35% stake initially with option to go up to 49% and then 51% post IPO; Chinese ownership to fall below 40%.

Dalio has long nurtured relations with Chinese officials, expressed admiration for some of Beijing’s economic policies and built business for his firm in China. He has also been consistent in warning about the risk of conflict between the world’s two largest economies.

Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CFM ARC became the new and sole lender of Vidarbha Power after it acquired loans from lenders at Rs 1,265 crore in an all-cash deal.

The bank's overall deposit growth remained strong in the second quarter of this financial year, showed performance data published at the end of the quarter. Deposits climbed 30% year-on-year to reach ₹21.7 lakh crore. On a quarterly basis, there was a 14% increase.

CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.

"In spite of clear directions from this Tribunal to place the modified or fresh resolution plan before the consolidated CoC (committee of creditors) for their consideration, the respondent no 1 (Verma) with malafide intention and in connivance with the respondent 2 (DPIL) instead of placing the modified or fresh resolution plan and without taking into account valuation of assets of the debtor at that point of time, or February 2023," which the bank's petition said misrepresented facts.

Income tax filers with income above Rs 10 lakh have grown 20% between 2012 and 2021 vs 4.5% for those with less than Rs 5 lakh in income.