India's smaller companies see a downturn as weak earnings and a souring economic outlook impact their shares. Key indexes for mid-sized and small-cap stocks are nearing a technical correction, with high valuations prompting investors to shift focus to cheaper Chinese stocks. Interest-rate cut expectations are also fading.

Tata Power has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. The acquisition includes the development of the 600 MW Khorlochhu Hydropower Project, costing approximately Rs 6,900 crore. This move aims to accelerate Tata Power's transition to clean energy. The company's shares rose marginally to Rs 425, up 78% over the past year.

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 17. With an upper price band of Rs 380, the stock is projected to list at a 29% premium over the issue price.

On October 28, the closing prices of five stocks from the Nifty500 pack rallied over 2% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.

Bharti Airtel's Q2FY25 consolidated net profit surged 168% year-on-year to Rs 3,593 crore, driven by strong ARPU growth and subscriber additions, although it missed Street estimates due to a Rs 318 crore exceptional loss. India revenue grew 16.9% year-on-year, with solid gains in mobile segment, Homes, and Airtel Business.

OBSC Perfection is set to debut on the NSE SME platform on Tuesday, with shares currently trading at a gray market premium (GMP) of Rs 6. Based on the upper price band of Rs 100, the stock is anticipated to list at a 6% premium over the issue price.

Adani Ports & Special Economic Zone is expected to report a 6%-10% increase in Q2FY25 revenue and a 19%-39% rise in net profit year-on-year. Kotak estimates a 10% YoY revenue growth to Rs 7,311 crore and PAT of Rs 2,400 crore. EBITDA is projected at Rs 4,277 crore, a 10% YoY increase.

Jash Engineering, Kck Industries, and Master Trust have set October 30 as the record date for their stock splits. Today is the last day to buy shares to be eligible for these splits. A stock split increases the number of a company's shares, reducing the price per share while keeping overall market capitalization the same.

Wall Street saw gains on Monday with anticipation of significant corporate earnings and the upcoming U.S. presidential election. Despite tensions in the Middle East, energy supplies remained undisrupted. Major companies like Alphabet, Meta Platforms, and Apple are expected to release their results. Nvidia surpassed Apple as the world's most valuable company. Investors focus on AI spending reports.

Shares of Maruti Suzuki will be in focus as the company reports its second quarter results, with analysts expecting muted numbers due to a decline in volumes. Revenue is likely to remain flat, while net profit may fall by up to 5% year-on-year.

Mazagon Dock Shipbuilders and CRISIL, along with two other companies, have set October 30 as the record date for determining eligibility for their announced dividends. Mazagon Dock declared an interim dividend of Rs 23.19 per share, with payment due by November 20. CRISIL, Gabriel India, and Supreme Industries also announced their interim dividends.

Nifty could now rise to face resistance at 24,567, while the 24,073-24,135 band could offer support in the near term. Sustenance of this upmove over the next few days will be crucial to lead to the return of buying interest from all classes of investors, said Deepak Jasani of HDFC Securities.

Shares rose in Sydney while Tokyo stocks were little changed and futures pointed to gains in Hong Kong. US futures were steady after most major groups in the S&P 500 gained at the start of the busiest week for corporate earnings.

Shares of Bharti Airtel are expected to be in focus on Tuesday as the company reported strong Q2FY25 earnings though they were below Street's estimates.

As always, this phase of correction has also been led by large-cap stocks. It will be no different in the future. Reason? FIIs have greater exposure in large-caps stocks. And when FIIs sell, it is large-caps that suffer first. But they also recover well. Amidst the current selling, when a large-cap pharma company and a private bank announced better-than-expected Q2 results, both saw sharp rebounds. If you take a long-term view, large-caps have a tendency to create wealth with a lesser draw down except in the initial phase of any correction – like the one we are seeing since the beginning of this month. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks.

A consortium of Mahagenco and NTPC has emerged as the leading bidder, at ₹3,800 crore, to take over the 1,350 MW Sinnar Thermal Power plant. The plant, a subsidiary of RattanIndia Power, is currently defunct and has unresolved coal supply issues and right-of-way problems.

Since April 2020, the Nifty Auto Index has surged 430% as against the 201% up move in the Nifty. Among auto shares, Maruti Suzuki gained 186%, Tata Motors soared 1,250%, Mahindra & Mahindra jumped 892%, Bajaj Auto rose 390% and Hero Motocorp advanced 212%.

Mphasis Ltd broke out from a Symmetrical Triangle formation on daily charts, suggesting potential stock price increase to Rs 3,350-3,400 within 1-2 months. The stock exhibited bullish momentum, bouncing back from Rs 2,850 support and reclaiming key moving averages. Analysts advise accumulating between Rs 3,000-3,050.

Select stocks gain momentum even in volatile markets.

Wall Street opened higher with major indexes rebounding after a volatile week, driven by anticipation of earnings from megacap companies and the upcoming presidential election. Focus remains on AI-driven capital expenditure and economic data, while energy sector experiences a drop amid geopolitical tensions.

On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis.

Non-banking finance company Finova Capital raised $135 million from Avataar Venture Partners, Madison India Capital and Belgian investment fund Sofina to expand its equity as it looks to grow business by 30% annually.

To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances. Currently, this exception applies only to individual clients within a family.

Wall Street rose at the open on Monday, recovering some losses following a turbulent trading week, ahead of key corporate earnings and the final phase before the Nov. 5 presidential election.

Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135, and resistance at 24,567. Sustenance of this upmove is crucial. The highest OI on the call side is at 24,500 and 24,400 strike prices, while on the put side, it's at 24,200 and 24,300.

Real estate developers have raised nearly Rs 13,000 crore till September this calendar year through issue of equity shares via Qualified Institutional Placements (QIP) route, according to Anarock.

The company announced plans to sell 90 million common shares and approximately $5 billion in depositary shares, confirming an earlier Bloomberg News report. Based on Friday’s closing price of $155.01, the total offering would amount to nearly $19 billion.

Shares of Waaree Energies plunge nearly 10% post-debut as stock lists at a premium on BSE. The IPO received high investor interest, being subscribed 76 times. Funds from the IPO will be used to expand manufacturing capacity in India and the US.

Top investors, including Madhusudhan Kela and Ravi Dharamshi, have achieved significant returns on Waaree Energies, which listed at a premium on its IPO day. Despite initial investment challenges in 2021, the company's strong market position and favorable industry trends are expected to sustain future demand and returns.

BHEL shares zoomed 10% after reporting a net profit of Rs 106 crore in Q2FY25, compared to a loss of Rs 63 crore in Q2FY24. Revenue from operations stood at Rs 6,584 crore, up 28% YoY. BHEL shares have nearly doubled in the last year, giving 94% returns. However, they have declined 6.5% and 1.6% in the last 6 months and 3 months, respectively.

Official Action Indicated (OAI). Not many investors may have heard of this. But they would surely have felt its impact. For, the moment OAI is triggered, the stock price slips sharply. OAI is nothing but the technical term used to describe an action of the US FDA. After inspecting a pharma firm’s plant it may recommend regulatory and/or administrative actions, if needed. There was a time when one would hear of US FDA inspections on Indian pharma plants every second day. The OIA could include a recommendation to stop sourcing drugs from that plant – or some less severe action. This is still happening, but not as often as before. And thereby hangs a tale.

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

The U.S. presidential election will impact the global economy. Policies by Trump and Harris will influence the DXY, Indian rupee, and stock markets. Trump's tax cuts and tariffs might affect global demand for dollars, while Harris's capital gains tax and energy policies could weaken the dollar, impacting India’s trade and investment landscape.

Revenue from operations for the reported quarter reached Rs 1,975 crore, marking a 46% increase from Rs 1,348 crore in the same period last year. Sequentially, net profit rose 114% in the quarter, compared to Rs 646 crore in the previous quarter.

Top investors, including Madhusudhan Kela and Ravi Dharamshi, have achieved significant returns on Waaree Energies, which listed at a premium on its IPO day. Despite initial investment challenges in 2021, the company's strong market position and favorable industry trends are expected to sustain future demand and returns.

The company further announced that each American Depositary Share (ADS) will continue to represent one equity share. Consequently, the number of ADSs held by each American Depositary Receipt holder will increase in line with the rise in equity shares.

European Central Bank Vice President Luis de Guindos' speech is due later in the day. Sweden's preliminary GDP figures and September retail sales are set to be released on Tuesday.

Benchmark BSE Sensex rose by over 1,100 points, while Nifty50 traded above 24,450. This rebound follows five days of decline due to foreign selling and weak corporate earnings. Top gainers included ICICI Bank, SBI, Infosys, and Tata Motors. Oil prices dropped significantly after no disruptions in energy supplies following Israel's recent strike on Iran.

Benchmark BSE Sensex rose by over 1,100 points, while Nifty50 traded above 24,450. This rebound follows five days of decline due to foreign selling and weak corporate earnings. Top gainers included ICICI Bank, SBI, Infosys, and Tata Motors. Oil prices dropped significantly after no disruptions in energy supplies following Israel's recent strike on Iran.

SpiceJet shares rose 4.2% after announcing 32 new flights for winter, enhancing connectivity. The airline aims to improve customer experience with increased frequencies and routes.

Shares of Waaree Energies plunge nearly 10% post-debut as stock lists at a premium on BSE. The IPO received high investor interest, being subscribed 76 times. Funds from the IPO will be used to expand manufacturing capacity in India and the US.

Nuvama Wealth Management reported a 50% revenue increase to Rs 740 crore, with strong growth in wealth and asset management, and an optimistic outlook for India's economic future.

The real estate sector raised Rs 12,801 crore via QIPs in 2024, reflecting strong investor confidence and robust post-pandemic recovery, with residential sales value increasing significantly.

Indian equity indices rebounded after five days of decline, driven by ICICI Bank's strong earnings. The Sensex and Nifty50 gained, despite recent foreign outflows. Major gainers included ICICI Bank, SBI, and Infosys. Crude oil prices fell, and the Indian rupee remained flat against the dollar.

Shares of Waaree Energies plunge nearly 10% post-debut as stock lists at a premium on BSE. The IPO received high investor interest, being subscribed 76 times. Funds from the IPO will be used to expand manufacturing capacity in India and the US.

Coal India shares fell 5.6% after reporting a 22% profit decline. Analysts maintained buy ratings with revised target prices, citing challenges but a positive long-term outlook for coal demand.

Indian equity indices rebounded after five days of decline, driven by ICICI Bank's strong earnings. The Sensex and Nifty50 gained, despite recent foreign outflows. Major gainers included ICICI Bank, SBI, and Infosys. Crude oil prices fell, and the Indian rupee remained flat against the dollar.

Reliance Industries shares turned ex-bonus today with a 1:1 issue, marking its sixth and largest in Indian history. The stock has surged nearly 270% since the last bonus in 2017.

Indian equity indices rebounded after five days of decline, driven by ICICI Bank's strong earnings. The Sensex and Nifty50 gained, despite recent foreign outflows. Major gainers included ICICI Bank, SBI, and Infosys. Crude oil prices fell, and the Indian rupee remained flat against the dollar.

IndiGo Share Price: InterGlobe Aviation's IndiGo shares dropped 13% after reporting a ₹987 crore loss in Q2 FY2024, compared to a ₹189 crore profit YoY. Revenue rose 14% to ₹16,970 crore. Major reasons include aircraft groundings and high fuel costs. Analysts have adjusted target prices and ratings accordingly.