Torrent Pharmaceuticals promoter is likely to sell a 2.9% stake worth Rs 3,000 crore via block deal on Wednesday. The offer price is likely to be at a 6% discount to the current market price. Kotak Securities and Citigroup are the bankers to the deal.

Bharti Airtel, India’s second largest telco, did not see much of a negative impact from the tariff hike it took in July in terms of users downgrading to lower plans or in SIM consolidation, managing director Gopal Vittal said in an earnings call Tuesday.

Wall Street opened lower on Tuesday as investors assessed a host of corporate results and looked ahead to Google-parent Alphabet's earnings later in the day, while gains in U.S. Treasury yields also pressured equities.

Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term trend, with support likely in this range and resistance expected around 24,567-24,694, according to Deepak Jasani of HDFC Securities.

How to go about precious metals this festive season? Should you buy gold or silver? In this Diwali Special episode, we spoke to Anindya Banerjee, Senior VP- Head of Research (Currency, commodity & interest rates) Kotak Securities, to know more on this. Take a look.

In July 2023, Reliance Group’s Jio Financial Services (JFS) and BlackRock announced a 50:50 joint venture, Jio BlackRock. In October, JFS received in-principle approval from capital market regulator Sebi to act as co-sponsors and establish the proposed mutual fund with BlackRock Financial Management.

Adani Enterprises approved a Rs 2,000 crore fundraise through Non-Convertible Debentures and withdrew the draft scheme of arrangement with Adani Wilmar. The company announced this along with its second-quarter results.

Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day on Tuesday, as gains in banking and financial stocks helped them reverse course in the final hour of trading after spending most of the day under pressure from tepid earnings reports and ongoing foreign selling.

Ola Electric shares fell 3.7% below the IPO price of Rs 76. The stock has lost over 50% of its market capitalization since its debut. The company has faced scrutiny from the CCPA due to rising consumer complaints. Data also shows Ola's market share shrinking to a 16-month low.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Elcid Investments' stock price surged from Rs 3.53 to Rs 236,250 in a single day during a special call auction for price discovery. This monumental rise, driven by the company's high book value, has made Elcid India's most expensive stock, surpassing MRF’s share price.

Even in industries that have been in deep trouble for a long time, there are some players who survive. How do they do it? By changing the way they operate in terms of management ability, by adding new products, or some other way. The paper industry has been facing multiple challenges. Now, after years of consolidation which saw many players exit, there are a few left and they have achieved scale. The numbers are reflecting this. The question is: When will the street look at them more kindly? Yes, you will keep hearing about dumping by China, and rising pulp prices. These are operational issues which companies have learnt to deal with.

India's middle class is shrinking due to a slowdown in consumer demand. Major brands like Nestlé report lower growth and high profit margins are under pressure. Urban spending is slowing, and rural demand remains weak. Companies must now adjust strategy to retain market share until economic conditions improve.

The Nifty Auto index was down over 2%, with Bajaj Auto and Hero Moto shares falling around 3% each, while Maruti Suzuki and Mahindra & Mahindra were about 2% lower. Analysts expect the auto index could decline by an additional 10-15% from current levels.

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 Tuesday's trading session, five stocks saw short covering. Here's the list:

ValueQuest SCALE Fund achieved significant gains from its early investment in Waaree Energies, which went public with shares debuting at Rs 2,550 after an IPO price of Rs 1,503.

Smallcap stock Bharat Seats announced on Tuesday that its board will discuss the issuance of bonus shares at their upcoming meeting scheduled for November 5.

In an exclusive interview with ETNow, Hiren Ved, CEO, Director & CIO of Alchemy Capital, shares his insights on the current state of the Indian market, touching on everything from the recent correction to sector-specific opportunities and investor sentiment.Despite the pause in market momentum and the ongoing challenges in earnings growth, Ved remains optimistic about India's long-term economic story, underscoring the resilience of domestic capital flows amid FII outflows.As the festival season kicks in, Ved points out that the “Diwali sale” correction presents unique buying opportunities, especially within capital market plays, which he views as more favorable than traditional banks in the current climate. Edited excerpts from interview -

After remaining steady in the initial phase of the correction sparked in early October, mid-cap stocks also witnessed sharp cuts last week. The good news: Even amidst the volatility with bearish bias, the street is rewarding stocks where the Q2 numbers are good. Will this bearish phase extend into the next few months? The chances appear high. But where mid-caps are concerned, they would probably get their mojo back in the medium- to long-term timeframe. The only thing for investors to do is to be more selective. Also, have patience as the selling pressure of the last four weeks gets absorbed.

Several brokerage firms have come out with a list of some promising stocks this Deepawali based on their assessment of markets and outlook. These stocks are from sectors like real estate, auto, and information & technology. Here is a list of 10 cracker ideas:

IndiGo shares fell 25% after reporting a surprising Q2 loss of Rs 987 crore. Analysts suggest monitoring the Rs 3,600 level for potential buying opportunities as stability is expected.

“Mphasis stock has been maintaining its bullish momentum and seen rising in formation of higher bottom pattern. Traders can buy for a target of Rs 3350-3400 in the next 1-2 months,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Indraprastha Gas shares rose 5% despite a 17.8% YoY net profit decline to Rs 454.1 crore. Revenue increased 7% to Rs 4,088 crore, with an interim dividend of Rs 5.50 announced.

Sun Pharma Share Price: Sun Pharmaceuticals' shares fell by 2% despite a strong financial performance in the second quarter. The company reported a 28% increase in net profit to Rs 3,040 crore. Analysts have mixed views; Jefferies has a 'Buy' rating, while Goldman Sachs maintains a 'Sell' rating, with concerns about upcoming higher R&D expenses and launch costs.

Airtel Share Price: Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit was bolstered by strong ARPU growth and subscriber additions, but a Rs 318 crore exceptional loss contributed to the miss in estimates.

Waaree Energies shares rose 5% after a strong IPO debut, reflecting investor confidence. The company plans expansion and reported a 69% revenue increase for FY24, with profits more than doubling.

Airtel Share Price: Shares of Bharti Airtel fell by 2.7% to Rs 1,617.55 on the BSE, despite strong Q2 results showing a 168% year-on-year increase in consolidated net profit to Rs 3,593 crore, though below Street estimates. Revenue rose 12% YoY to Rs 41,473 crore, driven by robust growth in India and Africa. The profit was bolstered by strong ARPU growth and subscriber additions, but a Rs 318 crore exceptional loss contributed to the miss in estimates.

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 Tuesday's trading session, five stocks saw fresh long positions. Here’s the list:

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 Tuesday's trading session, five stocks saw fresh short positions being built. Here's the list:

United Heat Transfer shares started trading on the NSE SME platform at a 3.3% premium, listing at Rs 60.95 compared to the issue price of Rs 59. Proceeds from the public offer will be utilized for loan repayment, working capital, and corporate purposes.

Part of the proceeds from the IPO will be used for funding capital expenditure towards the expansion of the manufacturing facility by building of factory shed and installation of additional plant. The remaining funds will be utilised for working capital requirements, repayment of debt, and other general corporate purposes.

Suzlon Energy's shares surged 4% after reporting a 96% YoY increase in net profit for Q2FY25. The company's revenue grew by 48% to Rs 2,093 crore, while EBITDA rose 31% to Rs 294 crore. Suzlon also secured India's largest wind energy order of 1,166 MW from NTPC.

Indian benchmark equity indices opened lower on Tuesday, resuming their decline due to weak corporate earnings and continued foreign selling.

Tata Technologies' shares rose by 1.7% to Rs 1,016.85 on BSE after reporting a 2% decline in net profit to Rs 157 crore for Q2 FY24. Revenue increased by 2% to Rs 1,296 crore, with EBITDA rising 10%, improving margins to 18.2%. The company maintains a strong order book and expects better performance in H2 FY24.

Smallcap stocks have surged since last Diwali, with the BSE smallcap index rising nearly 43%. However, recent geopolitical tensions and significant foreign investor withdrawals have led to a market correction. Analysts recommend a cautious approach, favoring largecap stocks and waiting for better earnings visibility before re-investing in smallcaps.

Experts suggest short-term traders can stay invested, targeting 7,000-7,300 in the next 1-2 months. The financial services stock surged from Rs 2,228 on October 25, 2023, to Rs 6,487 on October 25, 2024, marking a 191% annual gain. After reaching a record high of Rs 6,679 on October 21, 2024, it consolidated briefly, before bulls drove it past Rs 6,800 on October 23, 2024.

Federal Bank Share Price: Shares of Federal Bank surged 7% to an intraday high of Rs 197.75 on BSE after the bank posted an 11% increase in net profit to Rs 1,057 crore in the September quarter. The lender had earned a net profit of Rs 954 crore in the year-ago period. Total income rose to Rs 7,541 crore, compared to Rs 6,186 crore in the same quarter last year, while interest income reached Rs 6,577 crore, up from Rs 5,455 crore.

Indian benchmark equity indices opened lower on Tuesday, resuming their decline due to weak corporate earnings and continued foreign selling.

Tata Technologies reported a 2% decline in net profit to Rs 157 crore for Q2, while revenue rose 2% to Rs 1,296 crore. EBITDA improved 10%, reflecting operational strength.

The company's revenue from operations during the quarter stood at Rs 13,339 crore, up 3% over Rs 12,991 crore reported in the corresponding quarter of the previous financial year.

The retail investors are on continues surge in the Indian stock markets, a recent report by National Stock Exchange (NSE), highlighted that around 37 lakh new retail investors joined NSE in September taking the total investor base to 10.37 crores.

ICICI Bank shares are currently trading at Rs 1,292.85, continuing their long-term uptrend. The stock recently broke out of a consolidation phase after a pullback from higher levels and has stabilized near a key demand zone, indicating a potential trend reversal.

Suzlon Energy reported a 96% rise in Q2 net profit to Rs 201 crore, with revenues up 48% at Rs 2,093 crore. The company secured India's largest wind order from NTPC, enhancing its growth prospects.

Indian equity indices opened lower as subdued earnings and foreign selling pressured the market.

Nomura maintains a buy rating on Macrotech Developers with a target price of Rs 1,600, citing strong Q2 performance and anticipated 20% YoY pre-sales growth. For BPCL, Nomura raises the target to Rs 380 despite lower results. Nuvama and Jefferies also maintain buy ratings on Federal Bank (target Rs 235) and Sun Pharma (target Rs 2,150), respectively, highlighting strong performance and growth potential.

Sun Pharma shares are poised for attention on Tuesday after the company reported a 28% YoY growth in consolidated net profit, reaching Rs 3,040 crore in the second quarter. Revenue from operations rose by 9% YoY to Rs 13,291 crore.

Danish Power is set to debut on the NSE SME platform on Tuesday, with shares currently trading at a gray market premium (GMP) of Rs 246. Given the upper price band of Rs 380, the stock is expected to list at a 64% premium over the issue price.

On October 28, four stocks from the largecap pack appeared in the RSI Trending Up scan, according to data from stockedge.com. An uptrend signal occurs when the RSI value crosses above 50 from below. "RSI trending up" indicates that the Relative Strength Index (RSI) values are increasing, suggesting strengthening the stock's price momentum. This can signal potential upward movement and may be used by traders to identify buying opportunities.

12 stocks, including Cochin Shipyard and Waaree Renewable Technologies, have fallen by at least 40% from their 52-week highs after significant gains last year. Most of these stocks, comprising PSUs and other prominent companies, are experiencing corrections due to profit booking and expensive valuations amidst market volatility and earnings slowdown.

Shares of private sector lender Federal Bank will be in focus on Tuesday after the bank reported an 11% increase in net profit to Rs 1,057 crore for the September quarter, up from Rs 954 crore a year ago. Total income rose to Rs 7,541 crore, compared to Rs 6,186 crore in the same quarter last year, while interest income reached Rs 6,577 crore, up from Rs 5,455 crore.