Over three dozen stocks are trading with momentum indicator RSI trending up. ETMarkets has picked five stocks in this pack to give insights about their movement trends on November 8, Wednesday, ahead of the market opening today. RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI. Furthermore, RSI also enables an understanding of the stock’s overvalued or oversold state. (Source: StockEdge)

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 4.932% compared with a U.S. close of 4.936%.

Stocks that were in focus included names like Apollo Tyres, which gained 6.56%, Bharat Forge, which jumped 1.88%, and Adani Ports, which rose 2.46% on Wednesday.

GIFT Nifty on the NSE IX traded 8.5 points, or 0.04 per cent, higher at 19,509.5, signaling that Dalal Street was headed for positive start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

"If we get a recession stocks have a different valuation, earnings look different. If we don't then we're probably in the context of a new early stage bull market here," he said.

Tata Power's consolidated net profit rose 7% year-on-year to Rs 876 crore in the three months ended September period.

The Welspun Group has interests in textiles, line pipes, flooring solutions, warehousing, roads, and oil and gas, and is laying out an expansion strategy for each of its businesses. The group is focusing on four major segments with an aim to build a robust business in each segment.

Religare's independent directors have alleged that the Burmans are in material breach of regulatory obligations that may harm the firm. Of the six-member board, five are independent. They are Malay Kumar Sinha, Hamid Ahmed, Praveen Kumar Tripathi, Ranjan Dwivedi and Preeti Madan. The board is led by executive chairperson Rashmi Saluja.

An analysis of shareholding patterns of new-age firms such as Zomato, Paytm, Delhivery, Nykaa and PB Fintech, showed mutual funds have increased their holdings in several of these companies slowly but significantly over the last four quarters.

In the case of the PayNow-UPI linkage, reports said that for workers staying in Singapore for a brief period, the linkage would help them save at least 10% of the amount paid as bank fees for money transfers. Accounting for persons of Indian origin and non-resident Indians, there are around 650,000 Indians in Singapore.

The owner of the 'Westside' and 'Zudio' stores reported sharply superior earnings than estimates for the September quarter, resulting in analysts raising target price for its shares by 24-42%, while retaining their positive view on the company.

The stock hit a 52-week high of Rs 5362 on 28 July 2023 but failed to hold on to the momentum. It then retested the support above Rs 4700 once in August 2023 and then again in October 2023 — which resulted in a double-bottom formation. The neckline of the double-bottom pattern is placed around Rs 5150 on the upside. A close above the same could open room for the stock to head towards Rs 5400 levels.

Markets are now pricing in rate cuts as soon as in May, according to the CME Group's FedWatch tool, with odds of a cut of at least 25 basis points having risen to nearly 49%, compared with about 41% a week earlier.

Chalasani has also held various board positions and has been part of several committees set up by the Reserve Bank of India and the finance ministry. Chalasani has also been the chairman of the Fixed Income Money Market and Derivatives Association of India, and Foreign Exchange Dealers Association of India.

"We've experienced these geopolitical tensions that you're talking about, and certainly any shock could make the situation worse that we're already (in)... and could be destabilizing to commodity markets, could be destabilizing to the system of credit," Cook said during a panel discussion at a conference hosted by the Central Bank of Ireland in Dublin.

Indian equity indices ended marginally higher on Wednesday, helped by stronger energy stocks on the back of falling oil prices. The S&P BSE Sensex closed 0.05% higher at 64,975, while the NSE Nifty 50 index closed near the 19,450 level.“The prevailing trend appears bullish as the Nifty closed above a critical short-term moving average. Notably, significant support from put writers is evident at 19400, where they have established a substantial position. On the lower side, support levels are situated at 19400/19300. Conversely, resistance on the higher end is positioned at 19500, where call writers have added significant positions," said Rupak De, LKP Securities.Here are the 4 stock recommendations for Thursday:

Its board approved the QIP plan at its meeting and also constituted a committee for scouting a partner for the Shipbuilding, Bridges and Defence (SBD) business. Currently, wagons and rail passenger coaches are its core operation and are foraying into railway wheels through a joint venture.

The net profit was also significantly down from the April-June quarter when the company had reported Rs 106.89 crore profit. Revenue from operations was also down to Rs 819.11 crore during July-September from Rs 829.76 crore in the same quarter last year. This denotes a 1.3% fall.

After the record-breaking run in equities in Samvat 2079 — the year as per the Hindu calendar ending this week — upbeat market participants are betting on further gains in the new year. The Nifty and Sensex gained roughly 9% each during Samvat 2079 so far, while the Nifty Midcap 100 and Small-cap 100 indices returned 30% and 36%, respectively.ET has curated a list of 5 smallcap stock recommendations by various brokerages that are expected to do well in Samvat 2080. Take a look: (Source: ET Bureau)

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

Sectorally, buying was seen in realty, oil & gas, healthcare and industrials while banks, telecom, IT and utilities saw some profit booking.

Revenue from operations during the reporting period increased 7% year-on-year to Rs 1,828 crore as against Rs 1702 crore a year ago. EBITDA or operating profit jumped 50% year-on-year to Rs 177 crore in the quarter, while margins improved to 9.7%.

A study by Windmill Capital, a wholly owned subsidiary of Smallcase Technologies, suggests that gold is an efficient asset class that provides safety. Historically, whenever there is turmoil in the market, investors’ natural tendency is to flee to safety. Gold as an asset class tends to do well during crises.

Reliance Industries, India's biggest conglomerate, plans to conduct its largest-ever domestic bond sale this week, with a target of raising Rs 20,000 crore. The non-convertible debentures (NCDs) will be sold on the BSE's bond platform on November 9, from 10:30-11:30 a.m., as per an ET report. To help you understand everything about RIL's biggest rupee bond issue, here's what you need to know.

Derivative data showed that on the call side, the highest OI was observed at 19,500, followed by 19,600 strike prices, while on the put side, the highest OI was at 19,400 strike price.

The consolidated operating profit of the Gurugram headquartered Apollo Tyres rose 63% year-on-year to Rs 1,159 crore in the September quarter driven by improving gross margin and cost reduction efforts. Revenue grew by 5% to Rs 6,279 crore. The operating margin expanded by 650 basis points year-on-year to 18.5%.

Revenue from operations during the reporting period increased 7% year-on-year to Rs 1,828 crore as against Rs 1702 crore a year ago. EBITDA or operating profit jumped 50% year-on-year to Rs 177 crore in the quarter, while margins improved to 9.7%.

The 30-share BSE benchmark Sensex rose 33 points or 0.05% to settle at 64,975. The broader NSE Nifty surged 37 points or 0.19% to end at 19,443. From the Sensex pack, Asian Paints, Titan, JSW Steel, L&T, and ITC closed with gains, while ICICI Bank, Infosys, NTPC, Tech Mahindra, and Bajaj Finance ended with cuts.

On November 7, Tuesday, StockEdge flagged 12 stocks with declining Relative Strength Index (RSI). In this article, we delve into RSI, a crucial indicator for traders and investors, and explore the implications of a falling RSI.

Sensex ends flat in lackluster trade, Nifty above 19,400; HPCL rallies 7%, Apollo Tyres 6%; NTPC, Asian paints, Maruti are some of the gainers in the closing trade.

The stock market witnessed an impressive rally as several Nifty 200 stocks broke through their 50-day Simple Moving Average (SMA) on November 7. These stocks span various sectors, indicating a positive outlook for the broader market.

Adani Ports and SEZ CEO Karan Adani discusses company's strategic investment plans and potential deals in pipeline.

On November 7, Tuesday, 24 stocks hit the overbought zone. ETMarkets spotlights 5 of these stocks and delves into the significance of Relative Strength Index (RSI) and why it matters for investors.

Apollo Hospitals is expected to post 9% growth year-on-year in its net profit while revenues are seen rising 14% year-on-year, according to Nuvama Equities.

On November 7, Tuesday, StockEdge revealed over 60 stocks with their RSI trending up. ETMarkets narrows the spotlight to 5 of these stocks, explaining the significance of RSI and why it's a valuable tool for investors.

Despite the recent correction, valuations are still high from every perspective. Because they have stayed at elevated levels, to some it might appear as a new normal. But the fact is that stretched valuations have never been and never will be the new normal. So, sooner or later, the street will start the process of valuation adjustment. First signs that markets are getting close to starting the process are clearly visible on the wall. Adjustment of valuations is a process, which does not end in one day, though it starts in one day. It would be worthwhile to make adjustments to the portfolio by shifting to more defensive sectors. ET screener powered by Refinitiv’s Stock Report Plus lists down mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Several large and midcap stocks displayed remarkable resilience by surpassing their 100-day Simple Moving Average (SMA) on November 7. These stocks represent a diverse range of industries and are positioned for potential growth.

On November 7, Tuesday, Trendlyne reported over 40 Nifty stocks experiencing the Golden Crossover. ETMarkets zeroes in on 5 of these stocks, unraveling the significance of this pattern and why it's crucial for investors to grasp its implications.

India's pollution woes present a huge opportunity for companies in the air and water purifier business, as paradigm shifts from what was earlier perceived as a luxury to now a necessity.Raghav Wadhwa, Founder of Samar Wealth and a SEBI registered Research Analyst has identified 10 companies which will pave their way to a cleaner India. As a caveat, he said that the stocks are not Buy or Sell recommendations. He said that the air purifier market will likely grow at a CAGR of 11.4% by 2030.

The offer comprises entirely an offer for sale (OFS) of up to 2.95 crore equity shares. Under the OFS, promoters Kuldip Singh Rathee and Vijay Rathee will offload 2.06 crore shares and 88.7 lakh shares respectively.

A bottoms-up stock analysis of companies with strong business momentum, healthy ROE/ROCE profile, at least 15% EPS CAGR for FY24-26F, and a forward PE/PBV valuation near mean/ below mean of the last 5-10 years shows 10 stocks can rally within 46-311% in 3 years.

The consortium will develop CWIT on a build, operate and transfer (BOT) basis for a period of 35 years and after the development of this terminal, Colombo Port will be counted as the 20th largest container terminal in the world.

Benchmark equity indices Sensex and Nifty50 opened flat on Wednesday amid weak Asian cues. However, 4 Nifty50 stocks managed to hit new 52-week highs on November 8. Here's a list:

In a post-result earnings call, the company’s management stated that HPCL is carrying about 23 days of crude inventory and 30 days of marketing inventories.

Despite the recent correction, valuations are still high from every perspective. Because they have stayed at elevated levels, to some it might appear as a new normal. But the fact is that stretched valuations have never been and never will be the new normal. So, sooner or later, the street will start the process of valuation adjustment. First signs that markets are getting close to starting the process are clearly visible on the wall. Adjustment of valuations is a process, which does not end in one day, though it starts in one day. It would be worthwhile to make adjustments to the portfolio by shifting to more defensive sectors. ET screener powered by Refinitiv’s Stock Report Plus lists down mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

The stock market experienced significant activity as several large-cap stocks reached new all-time highs on November 8. As per data available on StockEdge, five largecap stocks hit their all-time high in Wednesday's trade, which includes Tata Consumer Products and Trent. Here is a list:

For many, it might come as a surprise but the fact is the large-cap segment of the Indian equity market is one of the most over-researched. There are some companies that are being covered by more than 60 analysts. But at the same time, there is another set of companies, specially small companies which are not covered at all by single analysts and hence they don't have recommendations of either buy or sell. Instead of looking at companies that have buy or sell recommendations, we look at companies where on quantitative analysis parameters the score is coming at the highest possible level “10” but there was no recommendation of either a buy or sell. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those that might help navigate the stock market.

As per Trendlyne data, the average target price of Ideforge stock is Rs 1607, which shows an upside potential of 97% from the current market prices. The consensus recommendation from one analyst for the stock is a 'Strong Buy'.

Siddharth Oberoi, fund manager at Prudent Equity shares the firm’s strategy for driving index-beating returns, the top bets of the fund, and the available opportunities in the market amid global risks.