Smallcap stock Tips Music announced an interim dividend of Rs 2 per share with October 24 as the record date. The dividend will be paid by November 12. Over the past year, the stock surged 107.6%, with a current market cap of Rs 9,486.38 crore. Shares were trading 4.2% lower at Rs 742.

U.S. stocks saw mixed results with Nasdaq gaining, while investors monitored Treasury yields and awaited further earnings reports. Consumer staples led gains in the S&P 500, while GE Aerospace's slump impacted the Industrials index. Microsoft rose, but rate-sensitive homebuilding stocks declined.

Benchmark Sensex dives 930 points, Nifty slips below 24,500, marking over two-month lows due to widespread sell-off. Stocks like Adani Green, Zomato, and Bajaj Finance face significant declines. Analysts advise cautious buying at dips in these stocks for potential long-term gains.

U.S. stocks saw mixed results with Nasdaq gaining, while investors monitored Treasury yields and awaited further earnings reports. Consumer staples led gains in the S&P 500, while GE Aerospace's slump impacted the Industrials index. Microsoft rose, but rate-sensitive homebuilding stocks declined.

The short-term trend of Nifty continues to be negative. A decisive move below 24,500-25,450 levels is likely to open the next downside target of 24,000. Any rise up to the immediate resistance of 24,700 could be a selling opportunity, said Nagaraj Shetti of HDFC Securities.

Shares of SBI Life, HUL and Bajaj Finserv will be in focus as the companies will announce their quarterly results for the July-September 2024 period.

Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July.

The record-breaking run in Indian stocks in 2024 reversed in October after a rebound in Chinese markets triggered record outflows from local equities.

The price targets imply a 1-19% rise in the stock over its Tuesday closing price of ₹168.5. City Union Bank shares rallied 11.9% on Tuesday in a weak market in response to the September quarter earnings.

Adani Cement announced the acquisition of Orient Cement from CK Birla Group for ₹8,100 crore. This deal boosts Adani Cement's market share and reduces freight costs. The acquisition will increase Ambuja Cements' capacity by around 30 million tonnes per annum within two years. The transaction is expected to complete in three to four months.

Brokers and their employees had asked the BSE and NSE to advance the hour-long session to 10-11 in the morning from the traditional 6-7 pm, as this would allow them to complete post-trading operations by noon and give them enough time to celebrate Diwali with their families on Lakshmi Puja. That request has been rejected by the exchanges, according to people with knowledge of the matter.

As of March 2024, cash still accounts for 60 percent of consumer expenditure but is rapidly declining post-COVID. Digital payments, particularly UPI, have surged, with their share in total transactions doubling and cash usage reducing significantly, indicating a shift towards digital modes.

The German insurer's decision stems from a shift in its priorities as it is unable to play a significant role in the operations. While signing the JV agreement, Allianz had expected it would raise its stake to 74%, the maximum allowed under Indian foreign direct investment (FDI) rules at a discounted price, but the option lapsed in 2016.

Speaking at an industry event organised by the CII on Tuesday, Insurance Regulatory and Development Authority of India (Irdai) chairperson Debasish Panda said the 1.4 billion population base offers massive growth opportunities. "There is scope for more than 70 insurance companies to cater to 1.4 billion people. I encourage more conglomerates to enter the insurance sector. It is an exciting time for the industry," said Panda.

​​The slump in nearly one-third of the stocks has been as severe as the Covid-led sell-off in March 2020. Among 1,472 stocks with a market capitalisation of over Rs 1,000 crore, 29 have plunged between 50% and 70% from their yearly highs, while 533 have fallen between 25% and 50%.

Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.

The company reported an operating profit of ₹226 crore in the quarter against the year-ago loss of ₹47 crore. The operating profit margin stood at 4.7% for the quarter. The improved profitability comes on the back of food delivery margins firming up and quick commerce margins staying near break-even despite the store network expansion.

Select stocks gain momentum even in volatile markets.

Reliance Industries (RIL) shows signs of bottoming out after hitting a record high in July 2024. Experts suggest high-risk traders could target Rs 2,900 if the stock sustains above Rs 2,650. Key indicators show potential for a rebound despite recent declines.

Sebi has restricted Onelife Capital Advisors and its promoters, Pandoo and Prabhakara Naig, from securities markets for alleged fund diversion and misrepresentation of financials. They are prohibited from acting as directors in any listed company. The investigation covers April 2018 to March 2023.

U.S. stock indexes opened lower on Tuesday, as rising Treasury yields pressured rate-sensitive shares, while investors parsed the latest set of company results to gauge the health of major corporations.

Adani Energy Solutions (AESL) received a notice from Sebi alleging wrongful categorization of certain investors as public shareholders. AESL said it will respond to regulatory and statutory authorities by providing relevant information/clarifications.

We are approaching the new Samvat 2081 in the coming days. Since the last Samvat, the benchmark index Sensex has risen by approximately 25%, with several sectoral indices showing significant gains. According to ETMarkets analysis, the BSE Power index has led the way, increasing by 78% since last Diwali. A closer look reveals that all 13 power stocks have experienced substantial growth, with increases ranging from 50% to 151%. Among these, three stocks have become multibaggers. (Data Source: ACE Equity)

Indian headline equity indices tumbled on Tuesday witnessing their second successive negative closing, The Sensex plunged by over 900 points and the Nifty fell below the 24,500 mark, pressured by weak earnings and continued foreign selling across sectors. The Nifty50 index today closed 309 points or 1.25% lower at 24,472 while the S&P BSE Sensex fell by 1.15% or 930.55 points at 80,220.72.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that sentiment has further weakened after the Nifty broke below the crucial support level of 24,700. "The Nifty slipped from the head and shoulder pattern on the daily timeframe, leading to a sharp fall during the day. The sentiment may remain weak as long as the index stays below 24,700, with a 'sell on rise' strategy favored by market participants. The index has fallen below the 100 EMA for the first time since early June of this year. On the lower end, support is placed at 24,400, and if the index falls below this level, it may extend its correction towards 24,000," De said.

On Tuesday, India’s benchmark index Sensex fell by around 931 points, ending the day at 80,220. Despite this significant drop, six stocks from the BSE 100 index hit their 52-week highs. A 52-week high represents the highest price a stock has reached in the past year, offering important insights for traders and investors. This benchmark is useful for assessing a stock’s current value and forecasting its future potential.

Markets regulator Sebi on Tuesday came out with a framework on associations between market intermediaries and unauthorised financial advisors, especially with regard to specified digital platforms.

Indian market remained volatile throughout the trading session on Tuesday to close the day with a loss of over 1% on benchmark indices.The S&P BSE Sensex fell more than 900 points while the Nifty50 closed below 24,500 levels.

U.S. stock indexes opened lower on Tuesday, as rising Treasury yields pressured rate-sensitive shares, while investors parsed the latest set of company results to gauge the health of major corporations.

A former fund manager of Edelweiss Asset Management has settled a case pertaining to alleged violations of mutual fund rules with markets regulator Sebi following a payment of Rs 19.5 lakh towards settlement charges.

A long bear candle has been formed on the daily chart, indicating a decisive downside breakout of 24,600-24,500 levels. Nifty is currently weakening after forming a new lower top around 25230 levels. Another crucial weekly cluster support around 24,500 is placed on the verge of a downside breakout.

Adani Green Q2 Results: Revenue from operations for the reported quarter reached Rs 3,376 crore, a 30% increase compared to Rs 2,589 crore in the same quarter of the previous financial year.

The bank's non-performing assets ratio increased to 2.97% at the end of the September quarter, up from 2.44% a year earlier. It allocated a higher provision of Rs 210 crore for the quarter, compared to Rs 160 crore in the same period last year, which contributed to the decline in net profit.

To comply with DIPAM guidelines on capital restructuring, encourage greater participation from small investors, and improve the liquidity of its equity shares in the market, the company has decided to implement a stock split.

Indian benchmark indices, the Sensex and Nifty, saw significant declines on Tuesday, driven by weak corporate earnings and foreign selling. Major companies like Reliance Industries and HDFC Bank contributed to the plunge, while sectoral indices, especially Nifty PSU Bank and Realty, led losses amid profit-taking from recent highs.

Indian benchmark indices, the Sensex and Nifty, saw significant declines on Tuesday, driven by weak corporate earnings and foreign selling. Major companies like Reliance Industries and HDFC Bank contributed to the plunge, while sectoral indices, especially Nifty PSU Bank and Realty, led losses amid profit-taking from recent highs.

The company announced its QIP plan along with its Q2FY25 earnings where the food delivery platform reported a 389% growth in its consolidated net profit at Rs 176 crore in the second quarter

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a long unwinding. Here's the list:

We are approaching the new Samvat 2081 in the coming days. Since the last Samvat, the benchmark index Sensex has risen by approximately 25%, with several sectoral indices showing significant gains. According to ETMarkets analysis, the BSE Power index has led the way, increasing by 78% since last Diwali. A closer look reveals that all 13 power stocks have experienced substantial growth, with increases ranging from 50% to 151%. Among these, three stocks have become multibaggers. (Data Source: ACE Equity)

For most of the past decade, India's capex growth remained subdued. From 2013 to 2018, capex growth averaged around 3-4%, with infrastructure and manufacturing facing underinvestment. This slowdown was primarily due to policy uncertainties, weak demand, high corporate debt, and challenges in land acquisition and project approvals.

GOODYEAR-INDIA-Tyremaker Goodyear India's Q2 profit drops on higher raw material costs, weak demand

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, four stocks saw short covering. Here's the list:

European stocks remained flat on Tuesday. Investors considered outlooks from tech giants SAP and Logitech. SAP's strong cloud business boosted tech stocks. Randstad, Saab, and DNB saw positive results, with their shares rising. Four U.S. Federal Reserve policymakers supported rate cuts but differed on their speed and extent.

After a relentless rally, every segment of the market is witnessing a correction. In the case of mid-cap stocks, one could call it many things: Profit-booking, correction, rational shifting, consolidation. Why so? Because, the way stocks are moving, there is no single trend in the mid-cap space. Some are falling as they rose too fast, Some literally have no fundamental strength – like the company under bankruptcy threat still quoting at a half-a-billion-dollar market cap. In fact, many sub-segments are being formed among the mid-caps – and given the mix of head and tailwinds, this trend is likely to strengthen in the next two to three months. Given the scenario, the only way forward is to focus on managing risks.

Hyundai India's IPO launched with a loss, despite high ratings from multiple brokerages. Shares fell up to 6%. Previous large IPOs like Paytm and LIC also faced similar debuts. High IPO size and valuations were major factors. Despite this, Hyundai remains strong due to its market position and strategic focus on the SUV segment.

Hyundai Motor India's shares fell 2% in their market debut on October 22. After a tepid response from retail investors to the country's largest-ever initial public offering. The stock is listed at Rs 1,934 on the National Stock Exchange, compared to its issue price of Rs 1,960. Hyundai is India's No. 2 carmaker with a 15% market share. Its record $3.3 billion IPO was oversubscribed more than two-fold last week, led largely by institutional investors, but pricing concerns deterred retail participation. Tuesday's listing in Mumbai is Hyundai Motor's first such debut outside its home market of South Korea and comes at a time when India's equity markets have risen sharply.

Hyundai India's IPO launched with a loss, despite high ratings from multiple brokerages. Shares fell up to 6%. Previous large IPOs like Paytm and LIC also faced similar debuts. High IPO size and valuations were major factors. Despite this, Hyundai remains strong due to its market position and strategic focus on the SUV segment.

Manappuram Finance's shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram's assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.

SBI Life Insurance is expected to report a flat to 14% YoY growth in APE for Q2, with mixed estimates on VNB, reflecting diverse brokerage opinions ahead of earnings announcement.

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