IT services company LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1251 crore in the quarter ended September 2024.

The profitability also suffered on account of inflationary prices of coffee and cocoa. The operating profit margin corrected by 100 bps to 23.4%. Raw material cost stood at 43.6% of revenues-same as the year ago elevated level of 43.7%.

Banks' efforts to mobilise deposits by the quarter-end helped reduce the credit deposit ratio to 78.9 percent as of October 04. Despite this, year-on-year deposit growth at 11.8 per cent continues to lag behind credit growth of 12.8 percent, signaling future challenges.

These latest guidelines provide an issuer with flexibility on the quantum of their buyback and what kind of investors they want to buy it back from. Sebi noted that issuers can give investors 'put options' that are exercisable on pre-specified dates or intervals.

Banks' efforts to mobilise deposits by the quarter-end helped reduce the credit deposit ratio to 78.9 percent as of October 04. Despite this, year-on-year deposit growth at 11.8 per cent continues to lag behind credit growth of 12.8 percent, signaling future challenges.

The Nifty Auto index fell 3.5% while the benchmark Nifty ended 0.89% lower. All 15 stocks constituting the index closed lower on Thursday. Analysts said higher sales volumes typically mark the festival season for automobile manufacturers, but Bajaj Auto's lower-than-expected growth estimates surprised investors.

Adani Enterprises has allocated 1.42 crore shares to investors at ₹2,962 per share. Quant Mutual Fund, Winro Commercial (India), Tree Line Asia Master Fund and SBI Life Insurance Co are among those who have subscribed to the QIP.

Voltas Ltd, after a 120% surge in a year, faced a brief dip but rebounded from the 50-Days EMA. Experts suggest a target of Rs 1,960 within 2-3 weeks, given strong support and bullish momentum, backed by promising room air-conditioner sales growth.

Select stocks gain momentum even in volatile markets.

Wall Street rose as the S&P 500 and Dow hit record highs, driven by surging chip stocks following TSMC’s robust forecast and strong retail sales. Despite gains, healthcare stocks declined, and analysts warned of stretched valuations and potential volatility ahead of the U.S. presidential election.

Adani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, debt repayment, and general corporate purposes. The company's focus spans airports, roads, new energy ecosystems, and data centers.

Indian headline indices fell for a third day in a row on Monday led by selling pressure in auto and bank stocks. Nifty briefly touched a two-month low during the day. Despite a late pullback, the 30-share S&P BSE Sensex fell by 0.61%, shedding 495 points to close at 81,006, while the broader NSE Nifty slipped by 0.89% or 221 points to finish at 24,749.8

Indian headline indices fell for a third day in a row on Monday led by selling pressure in auto and bank stocks. Nifty briefly touched a two-month low during the day. Despite a late pullback, the 30-share S&P BSE Sensex fell by 0.61%, shedding 495 points to close at 81,006, while the broader NSE Nifty slipped by 0.89% or 221 points to finish at 24,749.8.Commenting on the day's action, analyst Rupak De of LKP Securities said that he sees a likely downward move in the short term. "The Nifty has found initial support in the 24,700–24,750 zone. On the daily chart, the Nifty has broken down from a bearish flag pattern, suggesting a possible downward move in the short term. The RSI is showing a bearish crossover and is declining," he said. He advised investors to be mindful of initiating short positions as the index has experienced a steep correction and is near a double-bottom support, which could trigger a near-term recovery toward 25,000. Conversely, a decisive fall below 24,700 could lead to a significant correction in the market, he warned.Here are 2 stock recommendations for Friday:

Infosys reported a 5% rise in Q2 net profit, reaching Rs 6,506 crore. Driven by strong performance and mega-deals, the company raised its FY25 revenue growth guidance to 3.75%–4.5% from the previous 3-4%.

Wall Street's main indexes jumped on Thursday, with the S&P 500 notching up a record high as an upbeat forecast from TSMC boosted semiconductor stocks, while a bigger-than-expected rise in September retail sales pointed to a strong U.S. consumer.

Indian market closed in the red for the third day in a row on Thursday. The S&P BSE Sensex fell nearly 500 points while the Nifty50 closed below the 24,800 level.

If Nifty stays below 24,690, it may fall further to 24,500–24,400 levels. On the upside, immediate resistance is at 25,000, with the 21-day Exponential Moving Average (21-DEMA) at 25,185, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.

The National Securities Depository Ltd (NSDL) on Thursday settled a case pertaining to alleged violation of depository rules with markets regulator Sebi after paying Rs 3.12 crore towards settlement amount.

Zomato's board is scheduled to meet on October 22 to discuss raising funds through a qualified institutions placement (QIP) and to announce its September quarter earnings. The company previously reported a Rs 253 crore net profit for the April-June quarter, with significant revenue growth driven by Blinkit and Hyperpure.

LTIMindtree will give its shareholders a Rs 20 dividend for each share they own. To receive this payment, shareholders need to have their shares registered with the company by October 25th.

The ECB cut its deposit rate by 25 basis points to 3.25%, citing sluggish economic growth and easing inflation. Policymakers express concern over high domestic inflation driven by wage increases and volatile energy costs. Further rate cuts are anticipated, though no commitments were made.

Indian equity indices fell for the third consecutive session, with the Nifty hitting a two-month low, and market capitalization dropping by Rs 6.03 lakh crore.

Infosys declared an interim dividend of Rs 21 per share, with October 29 as the record date and November 8 as the payout date. The company reported a Q2 net profit of Rs 6,506 crore, a 5% YoY increase, and revised its FY25 revenue growth guidance to 3.75-4.5%.

Mutual funds keep adding new stocks or exit from some to generate better returns. Here are the stocks which mutual funds added to their portfolio in September, according to the Mutual Funds Insight report by Nuvama.

Indian equity indices fell for the third consecutive session, with the Nifty hitting a two-month low, and market capitalization dropping by Rs 6.03 lakh crore.

Major technology stocks fell for a second session and dragged the Nikkei lower, after ASML's cut to annual sales forecast sparked concerns about demand, sending chip-related shares tumbling in the previous session.

Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia brought their holdings in One 97 Communications below 1% in the September-ended quarter. Shares of Paytm dropped to a low of Rs 700 on the BSE, falling by 3% intraday amid weakness in the overall markets. The stock has witnessed a strong rally in the past 6 months, gaining by over 80%.

EUROPE-STOCKS/ (UPDATE 1)UPDATE 1-European shares climb on earnings boost ahead of ECB policy verdict

They are not exactly bellwether companies in their sectors. But their performance does indicate what is happening in the sector. Announcing its Q1 results, an MNC agro-chemical company noted: “The favorable market sentiments and stable input costs have been the primary growth drivers for our business in Q1FY25. Our outlook remains cautiously optimistic, contingent on rainfall patterns in the coming months.” This was said in July. August and September saw plentiful rainfall. Now, this month, another agro-chemical company surprised the street with its quarterly numbers, sending its stock up 10% in a single session. The performance of these companies suggests the worst may be over for the agro-chemical sector.

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 Thursday's trading session, five stocks witnessed a long unwinding. Here's the list:

Amid mixed global cues, Indian blue-chip equity indices Sensex and Nifty50 traded in the red for the third consecutive day on Thursday. However, despite the market downturn, five small and midcap stocks from the Nifty 500 index reached new 52-week highs. Here's the list:

Shares of Titagarh Rail Systems jumped 8% to Rs 1,223.8 on Thursday after Morgan Stanley Asia Singapore Pte acquired a 0.57% stake (7.63 lakh shares) through a bulk deal valued at Rs 85.5 crore, at an average price of Rs 1,120 per share.

Shares of IT companies like Mphasis and Tech Mahindra climbed up to 5.5% on the NSE today ahead of the second-quarter results from Infosys, Wipro, and LTIMindtree.

Nestle India Share Price: Shares of FMCG giant Nestlé India dropped 4% to a low of Rs 2,364.80 on the BSE after the company reported a slight decline in Q2 net profit to Rs 899 crore, down from Rs 908 crore year-on-year, marking a 1% YoY decrease.

The markets are undergoing a slight correction, but experts maintain that the long-term uptrend remains strong. These brief dips present a potential opportunity for investors to capitalize on, as they can strategically position themselves in promising value stocks for future growth.With the festive optimism amidst geopolitical uncertainty, domestic brokerage firm Prabhudas Lilladher has listed 20 stocks across large, mid and small cap segment with potential returns up to 30%:

Central Depository Services (CDSL) shares surged 9% in a week, nearing all-time highs. Analysts advise caution due to potential resistance, recommending profit booking for current holders while suggesting accumulation for new investors.

CRISIL shares surged over 8% on the BSE after the company reported a 12.9% YoY increase in net profit for Q3 FY24. Revenue from operations rose 10.3%. The board declared an interim dividend of Rs 15 per share. Geopolitical uncertainties and divergent global growth patterns remain risks.

As Infosys reports its Q2 results on Thursday, analysts from firms like Prabhudas Lilladher, Motilal Oswal, ICICI Securities, and Phillip Capital expect the IT giant to maintain its growth trajectory.With a market capitalization exceeding Rs 8 lakh crore, Infosys reached a record high of Rs 1,990 on the BSE on October 15. Although the stock has been rangebound over the past month leading up to its results, it has rallied more than 13% in the last three months and over 30% in the past six months.

Indian blue-chip equity indices, Sensex and Nifty50, traded lower for the third consecutive day, with most sectoral indices down except for IT. Bajaj Auto shares dropped over 8% on missed earnings, while Mphasis saw a surge. Investors focus on upcoming earnings reports from key companies, affecting market performance.

Bajaj Auto Share Price: Shares of Bajaj Auto dropped over 11% after the company reported Q2 FY25 earnings below expectations. The net profit rose by 9% to Rs 2,005 crore. Analysts gave mixed reactions, with ratings ranging from buy to sell, citing factors like gross margins, festive demand, and export recovery. The company’s future prospects in electric and CNG vehicles look positive.

In an environment of heightened market volatility due to geopolitical tensions and record-high valuations, Indian investors are advised to focus on dynamic portfolio management. Emphasizing risk mitigation, strategic asset allocation, and maintaining discipline can help protect against uncertainties while leveraging India's strong economic growth potential.

LTTS will be in the spotlight today after announcing a slight 2% rise in its consolidated net profit, which reached Rs 320 crore for the quarter ending September 2024, up from Rs 315 crore the previous year. During the same period, operational revenue increased by 8% YoY, rising to Rs 2,573 crore from Rs 2,386 crore last year.

Bajaj Auto Share Price: Shares of Bajaj Auto dropped 10.41% after the company reported Q2 FY25 earnings below expectations. The net profit rose by 9% to Rs 2,005 crore. Analysts gave mixed reactions, with ratings ranging from buy to sell, citing factors like gross margins, festive demand, and export recovery. The company’s future prospects in electric and CNG vehicles look positive.

South Indian Bank's Q2 profit rose 18% to Rs 325 crore, with Net Interest Income increasing 6.3%. Shares gained 3.3% to Rs 24.77 following the results. Focus remains on retail and MSME growth.

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

In September 2024, over 30% of Alternative Investment Funds (AIFs) outperformed the Nifty50 benchmark, with Category II debt funds providing up to 14% returns. Top performers include Vivriti’s Emerging Corporate Bond and Northern Arc’s IFMR Fimpact funds, highlighting strong returns across both Category II and III funds.

RVNL Share Price: Shares of Rail Vikas Nigam surged 7% after securing a Rs 270 crore order for constructing metro stations from Maharashtra Metro Rail Corporation. The project involves seven stations in Reach 3A and three in Reach 4A, to be completed within 30 months. RVNL shares have risen 163% this year.

Indian blue-chip indices Sensex and Nifty50 fell for the third straight day, with most sectors except IT trading lower. Major losses were seen in auto stocks, notably Bajaj Auto, following poor earnings. Investors focus on upcoming earnings from Infosys, Wipro, and others.

In September 2024, mutual funds deployed Rs 18,200 crore, while FIIs bought Rs 45,100 crore in the Indian secondary market. Notable additions by mutual funds on a month-on-month basis include Bajaj Housing Finance, PN Gadgil, GE T&D India, and Kross. Here is a list of new stocks that mutual funds bought in September, according to a report by Nuvama Institutional Equities: