"The rating upgrades reflect continued improvement in TML's (Tata Motors') credit profile on the back of strengthening profitability and free cash flow that have enabled the company to reduce its borrowings despite elevated capital expenditure,” said Kaustubh Chaubal, Vice President at the global ratings agency

Samvat 2079 has seen Nifty making a new lifetime amid an uncertain and volatile global environment. As we enter the new year with economic and geopolitical uncertainties and the election general year, Bharat holds its edge as the fastest-growing economy globally and is riding on the multiple levers of demographic dividend, huge domestic market, and infrastructure development.ETMarkets picks 10 stocks that have strong return potential till the next Diwali. These stocks have been picked from a pool of investment bets from different brokerages.

Of the 13 properties, eight are related to Bishal Group of companies (Bishal Abasan India Ltd, Bishal Distillers Ltd, Bishal Agri-Bio Industries Ltd, Bishal Horticulture and Animal Projects Ltd) and five belong to NVD Solar.

The Dow Jones Industrial Average rose 51.44 points, or 0.15%, at the open to 34,163.71.

Sectorally, buying was seen in realty, auto, healthcare, and utilities while FMCG, oil & gas, IT, and consumer durable stocks saw some selling pressure.

Religare Broking has shared five stock ideas from the Nifty50 pack that can prove to be good bets for Samvat 2080.

Sensex is ending the Hindu accounting year Samvat 2079 higher by around 8.5%. The index has culminated in positive zone 8 out of 10 times. Here are five stocks that have consistently performed well in the last 10 Samvat years as we conclude the prosperous year of Samvat 2079. Watch.

The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category was booked 173 times.ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers.

The top key additions by insurance houses were HDFC Bank, Avenue Supermarts, BSE, and Navin Fluorine, while, their top reductions were ITC, Britannia Inds, KEI Inds, and Hindustan Unilever. Here are the stocks that insurance houses freshly added or completely exited from their portfolio in October 2023 (Source: Nuvama)

The smaller degree of higher tops and bottoms is intact on the daily chart and the recent unfilled opening upside gap around 19,250 levels could offer support for the market during the present consolidation to form a higher bottom, said Nagaraj Shetti of HDFC Securities.

“Strong flows for the month supported by SIP inflows, despite a volatile month, is a sign of increasing maturity of investors to continue their allocations in equity mutual funds,” said Akhil Chaturvedi, chief business officer, Motilal Oswal AMC.

On November 8, Wednesday, StockEdge reported that over 60 stocks were trending up, capturing the attention of investors. In this article, we explore the significance of Relative Strength Index (RSI) and how it influences stock movements. We'll also focus on five stocks with notable RSI trends to provide valuable insights for potential investors.

On November 8, Wednesday, 37 stocks ventured into the overbought zone, signaling potential opportunities and risks for investors. This article delves into the concept of Relative Strength Index (RSI) and its role in stock analysis, while spotlighting five stocks that have been riding high on the overbought wave.

On November 8, Wednesday, 18 stocks experienced a dip in their Relative Strength Index (RSI), presenting investors with opportunities and challenges. This article unpacks the significance of RSI in stock analysis and highlights five stocks with RSI on the decline.

The stock market witnessed a surge as several mid and smallcap stocks demonstrated remarkable strength by surpassing their 100-Day Simple Moving Average (SMA) on November 8.

In a significant market development on November 8, several major stocks showcased robust performance by surpassing their 200-Day Simple Moving Average (SMA). This indicates a potential bullish trend for these companies.

On November 9, Thursday, Trendlyne's report unveiled that over 40 Nifty stocks witnessed a Golden Crossover. In this article, we explore what this pattern means and why it's crucial for investors. We'll also look at 5 such stocks that have recently experienced the Golden Crossover effect.

From the Sensex pack, HUL, Tech Mahindra, Infosys, Reliance Industries, and Bajaj Finance ended in the red, while M&M, Power Grid, IndusInd Bank, and Tata Motors closed higher.

Closing Bell: RIL, Infy drag Sensex 143 points lower; Nifty below 19,400; M&M jumps 4%, MTAR Tech plunges 11%.

Some of the prominent large cap stocks demonstrated strong momentum by surpassing their 20-Day Simple Moving Average (SMA) on November 8.

Several large cap stocks showcased robust performance on November 8, surpassing their 50-Day Simple Moving Average (SMA).

ECB policymakers on Wednesday noted further progress in dampening inflation is required and companies and governments need to chip in to prevent more policy tightening

From the year 2015 to 2020, the street re-rated many companies with strong brands in the consumer electronic and electrical space. The expansion in price earnings multiples of these companies led to big wealth creation. However there has been a long period of underperformance, as the sector went through a tough phase of structural changes and also increased competition. Is the period of consolidation over and will the street warm up to them?

Small- and mid-cap stocks have trounced their larger peers this year amid bets that domestic-facing names will benefit more from the nation’s economic growth that is among the world’s fastest. The S&P BSE MidSmall Cap Index has surged 30% since Jan. 1, more than four times the gain in the benchmark S&P BSE Sensex Index.

Benchmark equity indices Sensex and Nifty50 opened marginally lower on Thursday, dragged by banking and IT stocks. However, 5 largecap stocks managed to hit new 52-week highs on November 9. Here's a list:

The operating profit took a sharp dive owing to higher raw material costs, which rose to 66% relative to revenue compared with 57.7% a year before. The operating margin before depreciation and amortisation (EBITDA margin) shrank to 10.8% from 19.9% by similar comparison. As a result, net profit fell by 42% to Rs 90 crore, which was nearly half of what analysts estimated.

It is very likely that a new EV policy is on its way. Will it have financial incentives for existing players or will it focus on building an ecosystem, where EV are made in India not only for the Indian market, but over a period of time they are exported from India needs to be watched. The reason, if it is about building an ecosystem, it would have a long term positive impact on the auto ancillary industry. It is very likely that over the next couple of quarters there would be some re-rating of select auto stocks.

Indian equity indices opened marginally lower on Thursday, dragged by banking, and IT stocks. However, as per data available on StockEdge, several major stocks outperformed the benchmark Nifty50 index on a 1-week and 3-month basis as of November 8. Here's a list:

While some of the headwinds which Indian markets have been facing might have receded, some of the risks which are specific to India are still very much there. One being the state election result and second one being valuation being at a very high level. In such conditions, it would still be better to stay focussed on large caps as they have more ability to weather the storms which come unannounced. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The stock was listed at a premium of 2% on the NSE at Rs 330 and the high for this stock has been Rs 340.45 on the intraday basis.

MTAR Technologies' revenue from operations stood at Rs 166.8 crore in Q2FY24 as against Rs 126.2 crore in the corresponding period of the last financial year. It was up 32.2%. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) reported by the company for the reporting quarter stood at Rs 36.1 crore as compared to Rs 34.9 crore in the year ago period. It was up by 3.4% YoY.

As per Trendlyne data, the average target price for Mazagon Dock stock is Rs 1,771, which shows a downside of 13% from the current market prices. The consensus recommendation from three analysts for the stock is a 'Hold'.

Futures long position scan revealed that aggressive new long positions were taken on four Nifty50 stocks in the last trading session i.e. on November 8. This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

The sharp rise in the net profit was primarily due to other income, which rose to Rs 24 crore from Rs 10.5 crore a year ago, besides an improved operational performance.

Multibagger Ramkrishna Forgings stock has given nearly 200% returns over the last 12 months, outperforming the Nifty50 which has given returns of 7% during this time. The stock is currently trading above its 50-day and 200-day Simple Moving Average (SMA).

The futures short position scan conducted on the last trading session i.e. November 8, suggested that aggressive new short positions were taken on four Nifty50 stocks. This is a bearish indicator that shows the futures OI has increased while the price has decreased. (Source: StockEdge)

The price action was accompanied with strong volume on the exchanges. Nearly 1 million shares were trading on the NSE and BSE, higher than the usual volume.

For the current weekly series, 19500 call has significant open interest, followed by 19600 strikes. On the put side, 19400 has significant open interest, followed by 19300 strike implying the zone of 19410-19390 will act as immediate support for the index.

It was a quiet and listless day for the Nifty. It ended with a gain.

Indian Hotels reported strong numbers for the September quarter, with a double-digit growth both in the revenue and profit. Given the strong momentum in growth during the first half of FY24, Sneha Poddar of Motilal Oswal Financial is optimistic about a similar show in the second half as well due to a favourable demand-supply scenario, ongoing festive season and a rebound in foreign tourist arrivals.

Domestic brokerage firm Motilal Oswal has come out with a list of ten fundamental stocks this Diwali for Samvat 2080 based on its assessment of markets and outlook. These stocks are from sectors like banking, auto, and pharma. "Despite global uncertainties, India remains a shining star and is expected to maintain its outperformance. Nifty is trading at a 12-month forward P/E of 17.6x, which is at a 13% discount to its 10-year average, thus providing comfort. We believe that over the next couple of quarters, sector rotation could be an important driver along with the overall market uptrend. We also believe valuations will become an important factor in stock selection to drive outperformance in portfolios," Motilal said.Here's a list of top 10 ideas for Samvat 2080:

The diversified gaming and sports media platform announced its July-September quarter earnings on Wednesday after market hours.

Historically, the shift in bets from private to public sector banks has been a valuation play. But over the last few years, public sector banks have seen a structural change in their financial health, with a significant improvement in asset quality, strong credit growth, robust balance sheets, and all-time high profits.

Citigroup maintained a buy rating on Prestige Estates but raised the target price to Rs 982 from Rs 693 earlier.

Among the Sensex stocks, Sun Pharma, Tech Mahindra, Bharti Airtel, HDFC Bank, and Reliance Industries opened with cuts, while M&M, L&T, Titan, and Tata Steel opened with gains.

At the end of September 2023, GQG owned a 3.25% stake in Baba Ramdev's Patanjali Foods through two of his funds, shareholding pattern data shows. In the case of JSW Energy, the multi-billion dollar fund owned 1.38% stake, 1.11% stake in IDFC First Bank and 1.28% in Adani Power. The Adani Group stock has more than doubled in FY24.

Short-term traders can look to buy the stock for a possible bounce back towards its 52-week high levels in the next 2-3 weeks, suggest experts.

“We expect the strong momentum to continue in FY24, led by a further improvement in occupancy amid favorable demand-supply dynamics and big global events such as the ongoing ICC Cricket Men’s World Cup,” said Sneha Poddar, associate vice president, Motilal Oswal Financial Services.

Opening Bell: Sensex flat, Nifty below 19,450; Tanla Platforms gains 4%, Tata Power drops 2%

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on DLF and GMDC while Nooresh Merani has a buy/sell recommendation on IndusInd Bank and Dr Reddy's Labs for today's trading session. Check out the targets and stoploss.