Hindalco Industries has experienced over a 50% rally in the aluminum sector and has recently broken out from a 3-year Cup & Handle pattern. Experts suggest short-term buys for high-risk traders with targets of Rs 840, while maintaining a stop loss below Rs 680.

The first phase of the development consists of 5 residential towers with expansive gardens and bookings for 2 towers, which commenced on 18 th October 2024.

Hindustan Zinc's net profit rose 35% to ₹2,327 crore, driven by increased revenues. The company plans a 26% equity investment in Serentica Renewable and declared a ₹19 interim dividend.

The Nifty50 and S&P BSE Sensex fell by 0.44% and 0.19%, respectively, last week, dragged by losses in auto, metal, and information technology stocks. Meanwhile, a number of analysts have identified several stocks with the potential to deliver up to 10% returns in the near term. Here are 6 technical picks:

Meanwhile, the bank also reported a 24% YoY growth in its operating profit to Rs 910 crore for the reporting period. On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%.

Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) climbed 5% to Rs 1,847 on the BSE during Monday's trading session, following the company's receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), which is part of the Ministry of Defence’s DRDO.

Indian indices opened higher, led by HDFC Bank and Reliance, despite negative global cues. HDFC Bank shares surged over 3% after strong quarterly profits.

Foreign institutional investors have withdrawn nearly $10 billion from the Indian stock market in October, marking a record high. Contributing to this sell-off are concerns over China's economic stimuli, overvaluation of Indian equities, a tepid corporate earnings season, and a stronger dollar impacting emerging markets.

On October 18, seven stocks with market cap over Rs 1000 crore came to the bullish scanner of "White Marubozu", according tostockedge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest. Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Shares of HDFC Bank rose 3% to Rs 1,734 on BSE after it reported a 5.3% YoY rise in PAT for Q2, surpassing Street estimates. The bank received board approval for the IPO of its NBFC subsidiary HDB Financial Services. Loan and deposit growth trends varied, with overall robust performance noted.

IIFL has an add rating on RBL Bank while Nuvama has downgraded IndiaMart to reduce, while also reducing its target price.

Shares of JM Financial will be closely watched after the RBI lifted a ten-month ban on its subsidiary, JM Financial Products Ltd, allowing it to resume business activities tied to funding for shares and bonds following rectification of previous regulatory violations and governance issues.

The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 from 3.35%, while the five-year LPR was cut by the same margin to 3.6% from 3.85% previously.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of three stocks that witnessed a 5-year swing high at the close on October 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.

Shares of JM Financial will be closely watched after the RBI lifted a ten-month ban on its subsidiary, JM Financial Products Ltd, allowing it to resume business activities tied to funding for shares and bonds following rectification of previous regulatory violations and governance issues.

PG Electroplast Share Price: The company has further informed that the board also approved the draft notice for an extra-ordinary general meeting (EGM) to seek shareholder approval for issuing the securities through a special resolution.

Tata Consumer Share Price: The revenue from operations in the reported quarter stood at Rs 4,214 crore, up 13% over Rs 3,734 crore posted by the company in the corresponding quarter of the previous financial year.

On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%.

Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.

Continuing a trend seen in the previous two quarters, the AUM grew by Rs 5,480 crore during the September quarter. The company’s loan assets stood at nearly Rs 89,860 crore at the end of the September quarter, up from Rs 70,954 crore the previous year.

Kotak Mahindra Bank Share Price: The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

The company has further informed that the board also approved the draft notice for an extra-ordinary general meeting (EGM) to seek shareholder approval for issuing the securities through a special resolution.

The revenue from operations in the reported quarter stood at Rs 4,214 crore, up 13% over Rs 3,734 crore posted by the company in the corresponding quarter of the previous financial year.

On a half-yearly basis, RBL Bank’s net profit also witnessed an increase of 2% YoY to Rs 594 crore and the NIMs were reported at 5.35%.

Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

On a consolidated level, Kotak's PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end were Rs 680,838 crore up 37% YoY over Rs 498,342 crore in Q2 of FY24.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders.

Reliance Infrastructure's plan to raise Rs 6,000 crore by preferential share issue and QIP receives 98% shareholder approval. The fundraising includes Rs 3,014 crore from preferential allotment and Rs 3,000 crore via QIP, aiming to expand operations, invest in subsidiaries, and reduce debt.

Continuing a trend seen in the previous two quarters, the AUM grew by Rs 5,480 crore during the September quarter. The company’s loan assets stood at nearly Rs 89,860 crore at the end of the September quarter, up from Rs 70,954 crore the previous year.

The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

“Orient Cement stock has formed a Cup & Handle pattern on broader charts and once again caught up a renewed bullish momentum with a fresh breakout. Traders can buy for a target of Rs 390 in the next 5-6 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Stocks that were in focus include names like Jio Financial, which rose 0.14%, Tata Consumer, which gained 0.6%, and ZEE, whose shares jumped 3.8% on Friday.

In the absence of any major triggers, market participants will focus on upcoming earnings for direction. In today's trade, shares of banking heavyweights HDFC Bank and Kotak Bank will be in focus following Q2 results.

The private sector lender reported Q2 profit growth of 5% year-on-year (YoY) to Rs 16,821 crore, which was above Street estimates.

Australian stocks gained, while Japanese equities slipped and Hong Kong equity futures signaled declines. US futures rose after the S&P 500 notched up a sixth straight weekly increase, its longest winning streak this year following a slew of corporate results and signs the world’s largest economy remains robust.

At 14.9%, the company's operating profit margin for the quarter was 47 basis points, or 0.47 percentage point, higher than the year-ago level, but it was lower than the previous three quarters. TCPL's revenues from the beverage business in India grew 3%. Excluding the Organic India acquisition, growth of its beverage business declined 4% due to subdued demand.

The acquisition, approved by Reliance Capital's creditors more than a year ago and by the National Company Law Tribunal (NCLT) in February this year, is now held up pending key regulatory approvals from the Reserve Bank of India (RBI), department for promotion of industry and internal trade (DPIIT) and the Insurance Regulatory and Development Authority of India (Irdai) among others, multiple people aware of the matter told ET.

Commercial banks are raising outflow rates on retail deposits as they prepare for new liquidity coverage ratio rules. These changes, effective from April 1 next year, will require more investment in high-quality liquid assets. This aims to mitigate risks of mass withdrawals, similar to the collapse of Silicon Valley Bank in the US.

Assets Care & Reconstruction Enterprise (ACRE) has made a bid to buy five non-performing loans related to Zee Group from JC Flowers ARC. They are offering ₹505 crore in cash for debts totaling ₹1,350 crore. A Swiss auction is scheduled for November 6, with a reserve price of ₹505 crore. The winner will be announced on November 8.

Reliance Infrastructure shareholders have approved a plan to raise Rs 6,000 crore through a preferential issue of shares and qualified institutional placement. The first phase will involve raising Rs 3,014 crore, with significant investments coming from the company's promoters and major financial entities.

The money borrowed under the brokers' margin trading funding (MTF) facility - a system allowing investors to borrow to buy shares they cannot afford - swelled by 50% jump last week from March 31, as interest rate cuts on loans for trading in the market recently has encouraged individuals to use more of this funding product.

Because semiconductors are key components in a broad array of products, chipmakers and related equipment companies are closely followed for insight into the economy. Wall Street also watches the stocks as indicators of overall market trends.

​​Stocks like Axis Bank, ICICI Bank, Hindalco, Reliance Industries, SBI, and Bank of Baroda have formed bullish patterns, while DLF and Macrotech Developers are expected to face corrections, analysts said.

Financial services bore the biggest brunt of foreign selling, with investors pulling ₹23,274 crore out of these shares after buying a similar amount in September. From January to September, overseas investors sold ₹37,732 crore in the sector.

Orient Cement surged over 16% in a week, breaking out from a falling trendline resistance and forming a 'Handle' pattern on the weekly charts. Experts suggest buying on dips for a target of Rs 390, with the stock showing bullish momentum supported by key moving averages and technical indicators.

As an investor, what should you expect as return from capital gains if you buy a stock with a 4% dividend yield? Should you even own the stock? Also, if there is a 4% dividend yield and there is a corrective phase in the market, will the stock fall less because, as the price drops, the dividend yield increases? Sometimes stocks are tactical buys rather than long-term investments. In such cases, you acquire them for their dividends, keep them for the medium term, and sell when they give modest capital gains.

Select stocks gain momentum even in volatile markets.

The NSE will host its Diwali Muhurat trading on November 1, 2024, from 6:00 PM to 7:00 PM, symbolizing the financial new year and traditionally yielding positive returns.

Nifty shows potential recovery with bullish candlestick patterns, but buying momentum is necessary. Open interest declines and FPIs shift to bearish positions, indicating cautious trading ahead.