Tata Investment Corporation (TICL) shares are in focus as they announce quarterly earnings today. TICL, a Tata Group NBFC, saw a 149% revenue jump in Q1FY25 over Q4FY24 but a decline from the previous year. The stock has delivered a 120% return over the last year.

Shares of Tata Power will be in focus after the company reported a net profit of Rs 1533 crore in the September 2024 quarter, a 51% increase from the previous year. Despite a slight drop in revenue, the company's EBITDA rose due to increased solar manufacturing and improved efficiency.

Shares of Colgate-Palmolive (India), Patanjali Foods, and Oberoi Realty will be in focus today as these companies have announced record dates for declared dividends. Today is the last day to purchase shares to qualify for the dividends, with Colgate-Palmolive issuing an interim dividend of Rs 24 per share.

Sensex and Nifty fell, influenced by banking and financial stocks amid weak global market trends. Tata Power saw a breakdown below 430, suggesting further decline. Dabur India hit a major support zone at 530, indicating a potential rise. L&T's breakdown below 3430 points to a bearish trend.

Japan's Nikkei share average fell 0.4%, tracking overnight declines in U.S. stock indexes amid anticipation of the Bank of Japan's policy decision. The broader Topix also declined by 0.44%. Fast Retailing and Terumo were the top drags, with BOJ expected to maintain ultra-low interest rates and continuation of monetary stimulus.

U.S. stock indexes fell on Wednesday due to tumbling chip stocks. Microsoft and Meta Platforms reported better-than-expected quarterly revenue. Alphabet's gains offset losses in chip stocks. A neck-and-neck race between Kamala Harris and Donald Trump for the upcoming election also influenced investor sentiment. The U.S. GDP increased slightly below forecasts and private payrolls growth surged.

Foreign portfolio investors turned net sellers at Rs 4,613 crore on Wednesday. DIIs bought shares worth Rs 4518 crore.

Shares in Australia and Japan opened lower, and a gauge of US-listed Chinese companies slipped in New York trading on Wednesday. US futures declined, weighed down by post-market losses for Microsoft Corp. shares, which fell around 4% in late trading after disappointing second-quarter forecasts. The S&P 500 lost 0.3% and the Nasdaq 100 dropped 0.8% Wednesday.

The key business vertical of hi-tech and emerging industries, where the revenue growth has been sluggish over the past few quarters, is likely to show a turnaround given the new deal wins. The company's management also expects to improve the operating margin in the second half of the fiscal year with rising utilisation levels.

The company reported a net profit (before exceptional items) of Rs 1533 crore in the September 2024 quarter, compared with Rs 1,017 crore in the year-ago quarter. This is an increase of 51% year-on-year.

Aditya Birla Asset Reconstruction Company is winding down its operations in India, joining other fund-backed ARCs exiting due to challenges in the sector. The decline in non-performing loans and preference for government-backed NARCL's terms have contributed to this trend, highlighting shifting investor interests.

Banks in India have built high liquidity coverage ratio buffers anticipating stricter RBI norms. Most banks exceed the 100% LCR requirement, with private banks holding up to 136%. The new guidelines might reduce LCR by 7-10 percentage points, but public sector banks might need to increase their holdings.

The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China.

Bank of Baroda (BoB), Punjab National Bank (PNB), Union Bank of India, Central Bank of India, ICICI Bank and Axis Bank have either committed or are in the process of committing funds to the $4-billion polyvinyl chloride (PVC) project at Mundra in Gujarat, people familiar with the developments said.

The company aims to use the proceeds from the fresh issue for investment in Scootsy, for repayment or its borrowings, expansion of dark store network for quick commerce segment through setting up of dark stores and making lease / licence payments for dark stores

The market focus, naturally, has been on FII selling this month. In the process, the street seems to have forgotten another reason for the current bearishness: The deadline for implementing the measures market regulator SEBI ordered to curb rising speculation is fast approaching. These measures were announced mid-year, to be implemented towards the end of 2024. So, there is a technical reason as well for the correction. And if the Nifty sees further correction, mid-caps are likely to be hit hard. However, some of them may buck the trend. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.

Select stocks gain momentum even in volatile markets.

Wipro Ltd has shown signs of recovery, bouncing back above the 50-DMA on daily charts, making higher highs and higher lows. Experts suggest buying the stock on dips for a target of Rs 590-600 in the next 3-4 weeks, with a stop loss below Rs 534.

According to the bulk deal data available with the BSE, Torrent Investments Pvt Ltd sold a total of 99.44 lakh shares or 2.94 per cent stake in Torrent Pharmaceuticals

Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India's most highly-priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid's understated book value.

Ace investor Madhuri Kela bought 5 lakh shares in Godavari Biorefineries via a block deal at Rs 335.66 apiece. The stock listed at a 12% discount but recovered to close at Rs 342.85. Godavari Biorefineries is one of India's largest ethanol producers.

Sebi on Wednesday sent demand notices to six entities, including Reliance Home Finance's promoter entity, asking them to pay Rs 154.50 crore for diversion of funds from the company.

U.S. stock indexes were subdued at the open on Wednesday, as investors assessed mixed earnings reports and data that showed the economy maintained a solid pace of growth in the third quarter.

In our special Diwali stock picks segment, we’re diving into some promising stocks recommended by India’s leading brokerages like HDFC Securities, CHOICE, and Sharekhan. Whether you’re a short-term investor looking for quick gains or a long-term player seeking sustainable growth, these picks could add that extra sparkle to your investments this festive season."

U.S. stock indexes were subdued at the open on Wednesday, as investors assessed mixed earnings reports and data that showed the economy maintained a solid pace of growth in the third quarter.

On Wednesday, Nifty formed a small red candle near the 100-Day Exponential Moving Average (DEMA), indicating strong resistance around 24,470-24,500. If the index holds above 24,500, it could extend gains toward the 24,600–24,700 range, with key support at 24,070.

Home-grown FMCG and Ayurvedic products maker Dabur on Wednesday announced the acquisition of Sesa Care, engaged in the Ayurvedic personal care and wellness segment, at an enterprise value of Rs 315-325 crore. This new acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil market, the company said in a regulatory filing.

Indian blue-chip indices fell after a two-session rally, weighed down by foreign selling and weak corporate earnings. Sensex dropped by 427 points, while Nifty fell 126 points. Maruti Suzuki and Marico shares rose despite sectoral declines led by Nifty Financials. European and Asian shares also slipped amid US election uncertainty and lower oil prices.

Persistent foreign selling and lacklustre corporate earnings spook investors.

When it comes to assigning PE multiples to stocks, an important element to consider is whether the business is cyclical or secular in nature. The latter is given a higher multiple due to the certainty of cash flows and, hence, better capital management. As the Indian economy grows and consumer preferences change, some businesses are still cyclical in nature – but the element of cyclicality has come down. Essentially, overall demand has grown to an extent where the sales they used to achieve in good times 10 years back, they are able to achieve in the off season now. As a result, the street has been re-evaluating them with a bullish bias. But then came valuation saturation. These stocks then moved in a sideways range. But they were still outperforming bearish markets.

Indian equity markets will remain open for trading on Thursday, October 31, despite many celebrating Diwali on that day. However, they will be closed on November 1, Friday, although a brief session for Muhurat Trading will take place. According to the Hindu calendar, Deepawali is celebrated on Amavasya Tithi, which falls on October 31, 2024.

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Wednesday's trading session, five stocks saw short covering. Here's the list:

The stock saw a sharper decline and is now trading below its 200-day exponential moving average (DEMA). It had attempted to hold above this level but dropped following a disappointing second-quarter performance.

The pan-European STOXX 600 dropped 0.5% to 515.25 points by 0810 GMT, weighed down by luxury stocks. Britain's FTSE 100 fell 0.5%.

From Diwali to Diwali, the benchmark index Sensex has shown positive performance in eight out of the last ten years, often achieving double-digit gains. An analysis examined by ETMarkets shows how various sectoral indices performed during each Diwali period over the past decade. The BSE FMCG, Banking, and Energy sectors emerged as the best performers, remaining positive nine out of ten times. (Data Source: ACE Equity)

Overnight, the Nasdaq scored a record closing high and the S&P 500 rose, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results that came after the market close.

On October 29, Elcid's share price skyrocketed 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250. This impressive surge has made Elcid India's most expensive stock, surpassing MRF, which closed at Rs 1,22,576 per share on Tuesday.

The National Stock Exchange (NSE) announced it had exceeded 20 crore client accounts in October, marking a growth of 3.1 crore in the past eight months. Maharashtra leads with the highest number of accounts at 3.6 crore, followed by Uttar Pradesh with 2.2 crore, Gujarat with 1.8 crore, and both Rajasthan and West Bengal with 1.2 crore each.

These days headlines emerging from the auto industry have more negatives than positives. From deep festive-season discounts, to growing inventories, to the lackluster performance of the Hyundai IPO. Will this cooldown continue? And should it be seen as an opportunity in the medium- to long-term perspective? The inventory build-up is, of course, more of a company-specific problem, that too in one segment of the industry. Some of the broader problems are a result of the structural changes the industry is going through as it transitions to EVs.

EFC (I) Limited's subsidiary received SEBI approval for SM REIT, enabling a ₹500 crore initial offer. The company reported a 230.26% profit increase, boosting its growth potential.

On Tuesday, Elcid's share price surged from Rs 3.53 to an astounding Rs 2,36,250, setting a record on D-Street and making it India's most expensive stock, surpassing MRF's Rs 1.2 lakh. The BSE-listed smallcap now has a market cap of Rs 4,725 crore ($508.40 million), dwarfed by global giants like Nvidia ($3.5 trillion), Meta ($1.5 trillion), Amazon ($2 trillion), Netflix ($324.63 billion), and Google ($2.1 trillion).

In FY24, the company gave a dividend of Rs 25 in FY24, which translates into an industry best dividend yield of over 708%. Dividend yield is calculated by dividing annual dividend per share with the share price.

Marico's shares surged 9.3% after a 20% rise in Q2 net profit to Rs 433 crore. Analysts maintained buy ratings, with target prices ranging from Rs 740 to Rs 800.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Wednesday's trading session, five stocks saw fresh short positions being built. Here's the list:

Adani Enterprises' shares rose 3.2% on the BSE after reporting a 664% YoY jump in net profit for the September quarter to Rs 1,742 crore. Revenue from operations increased by 16% to Rs 22,608 crore. The company approved a Rs 2,000 crore fundraising plan through NCDs and emphasizes growth in logistics, energy transition, and adjacent sectors.

On October 29, Elcid Investments made history on Dalal Street as its share price soared from Rs 3.53 to Rs 2,36,250, representing an incredible surge of 66,92,535% in just one day. Elcid Investments is now India's most high priced stock, having surpassed MRF's price of Rs 1,22,577. ETMarket has highlighted the top ten stocks that are trading above Rs 25,000 per share. (Data Source: ACE Equity)

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Wednesday's trading session, five stocks saw fresh long positions. Here’s the list:

Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India's most highly priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid's understated book value.

Shriram Properties' shares jumped 6.8% as the company signed a Joint Development Agreement for 6 acres of prime land in Pune. The planned mixed-use development will feature 650+ apartments and retail spaces, targeting a launch in H2-FY25, with potential revenue of Rs 700-750 crores.

Godavari Biorefineries shares listed at a 12.5% discount from their issue price. The company's IPO included fresh equity and an offer-for-sale, raising funds to repay debt and for corporate purposes. Despite being a leading ethanol producer, financial performance declined with significant drops in both profit and revenue.