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.

Muhurat trading, a long-standing tradition in the Indian stock markets, holds special significance as it coincides with the festival of Diwali and the start of the Hindu New Year, which is Samvat 2081 this time. Conducted for just one hour in the evening, this symbolic trading session is believed to bring prosperity and success to investors and traders for the year ahead.

HSBC lowered Ola Electric's target price to Rs 110, citing slower e2W penetration and service issues, yet maintains a ‘buy’ rating due to potential in EV growth and battery technology.

Shares of ITD Cementation fell 7.7% after Adani Group announced plans to acquire a 73% stake for Rs 5,759 crore. An open offer will follow to buy an additional 26%. This acquisition will enhance Adani's EPC capabilities, marking its 12th acquisition this year.

Premium Plast is set to debut on the NSE SME platform on Monday, with shares currently showing a grey market premium (GMP) of Rs 9. Based on the upper price band of Rs 49, the stock is expected to list at a 19% premium over the issue price.

Indian equity indices opened higher after five days of decline, driven by ICICI Bank's strong quarterly results. BSE Sensex rose 319 points, while Nifty50 gained 62 points.

Markets extended their losses for the fourth consecutive week, dropping over 2.5%. The market sentiment remained negative throughout the week, primarily driven by persistent foreign fund outflows and underwhelming earnings reports. Meanwhile, a number of analysts have identified several stocks with the potential to deliver robust returns in the near term. Here are 5 technical picks:

Bank of Baroda's stock surged 4.6% following a 23.2% increase in standalone net profit for Q2FY25. NII grew by 7.3%, and non-interest income surged by 24.2% YoY. Analysts provide varied ratings with emphasis on stable asset quality and challenges in growth projections.

ICICI Bank’s shares jumped 3.14% after the bank posted a 14.5% increase in net profit for the September quarter. Net interest income rose 9.5% year-on-year. Experts maintain a 'Buy' rating on the stock, citing robust loan and deposit growth along with strong asset quality performance.

IDFC First Bank reported a 73% drop in Q2 standalone net profit to Rs 201 crore, with gross NPA at 1.92%. The CASA ratio stood at 48.9%, and retail deposits comprised 80.4% of total deposits. Brokerage firm Nuvama maintained a 'Hold' rating and lowered its target price to Rs 60, citing increased credit costs and deteriorating asset quality in the microfinance segment.

Jefferies and Kotak have both maintained Buy ratings on IndiGo, with target prices set at Rs 5,100 and Rs 5,200, respectively. Despite disappointing second-quarter results influenced by peaked aircraft groundings and heightened seasonality, demand trends remain healthy. While short-term yields are affected, a focus on investments aims to enhance growth and profitability in the medium term.

Nomura and HSBC maintained 'Buy' ratings on Shriram Finance, with target prices of Rs 3,800 and Rs 3,725, respectively. Nomura cites the company's consistent performance, margin expansion, and improved asset quality. HSBC notes Shriram Finance's strong Q2 results, highlighting its best operating period since 2010.

IDFC First Bank reported a 73% drop in Q2 standalone net profit to Rs 201 crore, with gross NPA at 1.92%. The CASA ratio stood at 48.9%, and retail deposits comprised 80.4% of total deposits. Brokerage firm Nuvama maintained a 'Hold' rating and lowered its target price to Rs 60, citing increased credit costs and deteriorating asset quality in the microfinance segment.

Indian equity indices opened higher after five days of decline, driven by ICICI Bank's strong quarterly results. BSE Sensex rose 319 points, while Nifty50 gained 62 points.

On October 25, four stocks from the Nifty-200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Brokerage firms IIFL and Jefferies recommend buying ICICI Bank, with target prices of Rs 1,480 and Rs 1,550, respectively. CLSA maintains an outperform rating on Bandhan Bank at Rs 240. Jefferies also rates IndiGo as a buy with a target of Rs 5,100, while HSBC rates Ola Electric at Rs 110, citing service improvements despite challenges.

Bank of Baroda (BOB) shares will be in the spotlight on Monday following a 23.2% increase in standalone net profit. Net interest income (NII) rose 7.3% year-on-year to Rs 11,622 crore in Q2FY25, with strong growth in both NII and non-interest income driving the quarterly profit after tax (PAT).

ICICI Bank reported a 14.5% rise in Q2 standalone net profit to Rs 11,746 crore. Analysts remain optimistic, with ratings from firms like Investec, Jefferies, and Nomura recommending 'Buy' and raising TPs. Factors include strong deposit growth, improved asset quality, and operating efficiencies, although net interest margins have declined.

Shares of ITD Cementation will be closely watched as the Adani Group plans to acquire nearly a 73% stake for about Rs 5,759 crore. Renew Exim DMCC, a wholly owned offshore entity of the Adani promoter family, has agreed to acquire a 46.64% stake from ItalianThai Development Public Co. at Rs 400 per share, totaling Rs 3,204 crore.

Premium Plast is set to debut on the NSE SME platform on Monday, with shares currently showing a grey market premium (GMP) of Rs 9. Based on the upper price band of Rs 49, the stock is expected to list at a 19% premium over the issue price.

The Indian market is expected to rise on Monday, following positive global cues. Nifty futures closed down 0.97% at 24,215. Options data indicates a trading range between 23,800 and 24,500. Experts recommend various stocks for short-term trading, including Indian Hotels, Sundaram Finance, and HDFC Bank, with specific targets and stop-loss levels provided.

Deepak Builders and Engineers is set to debut on the stock exchanges today, with a grey market premium (GMP) of Rs 32. Based on the upper price band of Rs 203, the stock is anticipated to list at a 16% premium over the issue price.

On October 25, the closing prices of four stocks from Nifty200 dropped by more than 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.

Ambuja Cements' shares are set to be a focus as the company announces its Q2 earnings. Expected are a 43%-61% YoY profit drop and flat to 3% decline in revenue. Forecasts suggest lower PAT, EBITDA, and EBITDA margin due to weak realisations and price weakness.

ICICI Bank reported a 14.5% rise in standalone net profit to Rs 11,746 crore for the September quarter. Net interest income increased by 9.5% year-on-year, and the domestic loan portfolio grew by 15.7%. The bank’s total capital adequacy ratio stands at 16.66%, while non-interest income grew by 10.8%.

Infosys announced an interim dividend of Rs 21 per share, with October 29 as the record date. The payout date is set for November 8. Infosys reported a 5% rise in Q2 net profit to Rs 6,506 crore and revised its FY25 revenue guidance to 3.75%–4.5%.

In the Nifty50 pack, six stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on October 25, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:

Japanese stocks surged as the yen hit a three-month low after Prime Minister Ishiba's coalition lost its parliamentary majority, raising uncertainty over policy direction. The Nikkei gained 1.5%, while the yen weakened, reflecting political instability and potential fiscal adjustments.

Sun Pharma is set to announce its Q2 FY25 results, with revenue growth expected to be driven by domestic business and higher specialty sales in the US. Gross margins may improve sequentially, though EBITDA margins could decline due to increased R&D spending.

Equity indices decline for the fifth session due to selling pressure, foreign capital outflows, and muted earnings growth. Stocks in focus include Coal India (down 3.6%), YES Bank (down 2.6%), and ICICI Bank (up 0.6%). Analysts provide key support and resistance levels for these stocks.

Today, Waaree Energies shares are set to debut on the exchanges. With a grey market premium of Rs 1225, the stock is expected to list at an 81% premium over the issue price. The Rs 4321 crore IPO saw 76 times subscription. Investors are advised to consider long-term holding due to the company's strong fundamentals and growth potential.

Yes Bank's profit surged 145% to Rs 553 crore in Q2FY25, driven by a 15% rise in interest earnings. Net interest income grew 14.3% YoY to Rs 2,200 crore, while operating profit increased 21.7% YoY. Gross NPAs declined to 1.6%, and total deposits rose 18.3% YoY.

China's central bank has activated a new monthly reverse repo operations facility aimed at maintaining liquidity and enhancing monetary policy tools. Covering three- and six-month tenors, this mechanism will help counteract the upcoming expiration of medium-term lending facilities, ensuring financial stability.

Support for Nifty is now seen at 24,100 and 24,000. On the higher side, immediate resistance for Nifty is at 24,450-500 levels and the next crucial resistance is at 24,700-750 levels, said Tejas Shah, Technical Research Analyst at JM Financial & BlinkX.

State-run REC reported a 6.5% rise in its September quarter consolidated net profit at Rs 4,038 crore versus Rs 3,790 crore reported by it in the year ago period.

In Japan, the LDP which has ruled for most of the post-war years and junior coalition partner Komeito won 215 lower-house seats at Sunday's election, public broadcaster NHK reported. This falls well short of the 233 needed for a majority and the yen was squeezed since investors figured any government that emerges is likely to make a dovish shift in economic policies.

JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore and surpassing Adani Power’s Rs 15,885 crore bid. The auction saw six companies participate with JSW Energy securing the deal. The resolution requires further approval from lenders.

A steady influx of foreign capital has positioned the nation's bonds among top performers in developing markets this year, while the country's stock market hit a record high last month, buoyed by robust domestic liquidity. India's appeal is driven by a blend of structural factors: stable political ties with both the US and Russia, capital controls that curb hot money flows, and a currency that's less impacted by big dollar moves than emerging market peers.

Conversely, if Nifty crosses and sustains above 24,350, it could gain buying momentum, pushing the index towards the 24,500- 24,750 levels. The weekly RSI is moving downward and is positioned below its reference line, indicating a negative bias.

Select stocks gain momentum even in volatile markets.

Piramal Pharma has broken out from a 6-week consolidation on weekly charts, now trading above key moving averages and is positioned to rise toward Rs 280 in the next 3-4 weeks. This progression follows a strong uptrend and a breakout from the previous resistance levels.

The Nifty formed a long bearish candle, indicating ongoing pressure. A minor pullback or sideways consolidation may occur in the next one to two days. Support is at 24,100 and 24,000, while immediate resistance is at 24,450–500, with crucial resistance at 24,700–750. Open interest data shows the highest call OI at 24,400 and 24,300, with put OI at 24,200.

The Nifty index faced consistent selling pressure, closing lower and signaling a weakened structure. Currently below its ten-day low, it approaches the critical level of 24,000, where substantial put writers have positioned themselves. Despite oversold momentum indicators suggesting a potential rebound, strong resistance at 24,500–24,800 could limit upside, prompting cautious trading strategies in the upcoming week.

Investments in gold can take various forms, including physical gold, Sovereign Gold Bonds, Gold ETFs, and the newly introduced Electronic Gold Receipts (EGRs). India’s annual gold demand is around 900–1,000 tonnes, but it lacks a liquid spot market for price discovery. SEBI’s new framework aims to enhance price discovery through the proposed gold exchange, benefiting investors.

Last Friday was probably the sixth time in 2024 that practically all sectoral indices were in the red. Needless to say, the market breadth was extremely poor. There was only one index in the green – the FMCG Index. The narrative was the same: FMCG stocks are doing well because they are defensive stocks. Should you buy into this narrative? Cut back to Wednesday for an answer: The biggest FMCG company declared its quarterly results with a 4% YoY drop in net profit. On Thursday, the stock tumbled 6%. So, in just three days: Defensive stock, to poor results, to drop in stock price.

"The dismal Q2 earnings so far have aggravated the investors' woes while persistent FII selling continued to create havoc in the market," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Sky Gold's Board has approved a bonus issue of shares in a 9:1 ratio, meaning investors will receive 9 additional shares for every share they hold. The record date for the issuance will be announced later. Bonus shares are fully paid additional shares that aim to enhance liquidity and lower the stock price.

"The dismal Q2 earnings so far have aggravated the investors' woes while persistent FII selling continued to create havoc in the market," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

The debt market, traditionally dominated by institutional investors, is evolving to include retail participants. With regulatory reforms reducing retail debt participation from Rs 10,00,000 to Rs 10,000, smaller companies can now raise funds through public NCD issues. This transformation, evidenced by significant growth in corporate bond issuance, promises to enhance liquidity and drive economic development in India.

Since last Diwali, the benchmark Sensex index has surged by around 22%. Amid this impressive rally, several penny stocks have transformed into multibaggers. ETMarkets identified 10 penny stocks that have gained between 100% and 300% during this period. The selection focused on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a last trading volume of over 5 lakh shares. (Data Source: ACE Equity)