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.

Futures long position scan revealed that aggressive new long positions were taken on some large-cap stocks in the last trading session i.e. on November 7. This indicates a bullish sentiment in these counters as the average traded and delivered quantity for five days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

The company said the cost of materials consumed was lower at Rs 2,634.92 crore in the second quarter of the ongoing fiscal as against Rs 3,101.56 crore in the year-ago period.

IIFL Securities said it expects Tata Communications, Macrotech Developers, APL Apollo Tubes, Persistent Systems, IndsInd Bank, Polycab, Paytm and Suzlon likely to be added to the MSCI India Standard Index after the review.

The futures short position scan conducted on the last trading session i.e. November 7, suggested that aggressive new short positions were taken on some of Nifty50 stocks. This is a bearish indicator that shows the futures OI has increased while the price has decreased. (Source: StockEdge)

Crude oil prices fell on Wednesday to their lowest in over three months, after industry data showed a steep build in US crude supplies, while mixed Chinese economic data raised worries about global demand for crude, a Reuters report said.

In the dynamic world of investments, the concept of a multi-asset portfolio has been gaining traction, offering savvy and new investors diverse options for risk and returns. We will embark on a journey through the realm of multi-asset investing.

Crude oil prices fell on Wednesday to their lowest in over three months, after industry data showed a steep build in US crude supplies, while mixed Chinese economic data raised worries about global demand for crude, a Reuters report said.

HAL's stock is trading above its short and long-term moving averages. These averages are on a rising trajectory. Most noteworthy, the daily RSI has surged above the 60 mark for the first time after 36 trading sessions.

Nifty opened weak and hit the low point in the afternoon. It fought back and managed to close flat.

Short-term traders can look to buy the stock now for a target of levels above 6700 in the next 3-4 weeks, suggest experts.

Som Distilleries’ product portfolio consists of various options across beer, rum, brandy, vodka, and whisky. The company has three key millionaire brands in beer – Hunter, Black Fort, and Power Cool.

Equities were mixed in Asia, with gains for tech stocks offset by slumping commodity shares. Wall Street futures pointed slightly lower following gains across the big three indexes overnight, led by a 0.9% rally for the tech-heavy Nasdaq.

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 7, Tuesday, 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)

Macquarie maintained an underperform rating on Zydus Life with a target price of Rs 490. The Q2FY24 results were a mixed bag.

On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.

During this period, benchmark indices hit lifetime highs in December 2022, then plunged to 52-week lows in March, and scaled back to record highs in September.

From the Sensex stocks, ICICI Bank, Bajaj Finance, UltraTech Cement, Infosys, and M&M opened in the red, while Asian Paints, Wipro, HCL Tech, Tata Motors, and Maruti opened with gains.

Opening Bell: Sensex, Nifty trade flat; Prestige Estate jumps 5%, Rain Industries drops 4%

The Sensex itself has ended in the positive zone 8 out of 10 times while auto, capital goods, IT and consumer goods have also ended in the green zone on 8 occasions.

This Diwali, the domestic brokerages have selected some promising stocks which on technical parameters have the strength and potential to yield decent returns."Looking ahead to Samvat 2080, we anticipate a mixed market bias. Despite Nifty's recent dip from all-time highs, strong support is expected around 18500-18000 levels. This presents an opportunity for investors to acquire quality stocks," Axis Securities said.HCL Tech | CMP: 1274 | Buy Range: Rs 1274-1228 | Target: Rs 1400-1450HCL Technologies, currently trading at 1274, has recently broken out of a Rounding bottom pattern. It successfully retested the breakout level, indicating strong potential for upward movement. It is trading above its critical 20-50-200 Day Exponential Moving Averages (EMA), which signifies robust and sustained upward momentum.(Choice Broking)

Stocks that were in focus included names like Venky's, which gained 0.32%, Gland Pharma, which jumped 4.96%, and Lux Industries, whose shares declined 2.14% on Tuesday.

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 Radico Khaitan and ICICI Bank, while Vaishali Parekh has a buy/sell recommendation on HPCL and Cochin Shipyard for today's trading session. Check out the targets and stoploss.

Asia's fourth-largest economy will open its U.S. dollar-won market to foreign financial institutions under a pilot program from January. It will also extend onshore trading hours until 2 a.m. from July, the finance ministry said.

GIFT Nifty on the NSE IX traded 15.5 points, or 0.08 per cent, lower at 19,480, signaling that Dalal Street was headed for muted start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

The government will present an interim budget for FY25 in February, leaving the full budget to the next government after elections a few months after that. The final decision will be taken closer to the interim budget, the official told ET.

The UN agency reiterated its recent findings that India is among the top three in greenfield FDI announcements. This suggests that the country may be pulling in fresh global capacity expansion as part of supply chain diversification, a senior finance ministry official told ET. It expects these to translate into higher investment flows by 2024, the official said.

The pullback in yields helped lift megacap growth names such as Microsoft, up 1.1%, Apple, up 1.5%, and Amazon, which gained 2.1% as the biggest boosts to both the S&P 500 and Nasdaq.

This comes after four quarters of subdued growth in rural markets, which had declined 2-5% as consumers had been either downtrading (buying lower-priced products) or not purchasing as many goods, impacted by soaring food and fuel prices.

“Tata Consumer stock has also witnessed a bullish MACD crossover on the monthly charts which supports the postulate of a strong upside going forward. Traders can buy for a target of Rs 1050 in the next 4-6 months,” Gaurav Bissa, VP, InCred Equities, said.

IRCTC, the tourism and catering arm of Indian Railways reported a standalone net profit of Rs 295 crore for the quarter ended September 2023, up 30% from Rs 226 crore a year ago.

In a regulatory filing, Alok Industries said, "the company is issuing Rs 3,300 crore NCRPS of Re 1 each in one or more tranches on a private placement basis to Reliance Industries."

IndiGo, India's largest airline, anticipates grounding around 80 of its aircraft between January and March next year due to ongoing issues with Pratt & Whitney engines used in Airbus A320 and A321 aircraft. This issue will be in addition to the 45 planes already grounded by the airline.

But Indian banks were ahead of global peers on user experience and they could improve in the areas of relationship, customer onboarding, and day-to-day banking.

The company will also expand it asset management business by building a wealth management as it seeks to deepen relationships with its depositors.

Analysts said with the valuations in mid-cap and small-cap stocks looking stretched, the focus will more likely be on large-cap stocks.

Pennant is similar to a symmetrical triangle. They can be formed both in an uptrend or a downtrend. A Pennant pattern is a short-term consolidation that is formed after a swift rise in the prices of the underlying, which could be a stock or an index.

Uncertainty about the timing of potential rate cuts and some dismal corporate forecasts for the fourth quarter have cast a doubt on whether there could be a year-end rally for stocks.

New investors often mistake stocks and shares to be the same thing, but they are not. Although the terms are used interchangeably, there is a difference. In "Learn with ETMarkets" today, we'll clarify what sets them apart.

"Nifty remained volatile within a narrow range as traders remained uncertain ahead of the Fed Chair's scheduled speech tomorrow (Wednesday). On the daily chart, Nifty encountered resistance at the 21EMA and closed just below it. If it manages to surpass the 21EMA, which is currently around 19,414, it could potentially head towards the 19,650-19,700 range. On the downside, support is situated at 19,300," said Rupak De, LKP Securities.

Indians seem to prefer investing in fixed/recurring deposits and annuities/insurance, followed by gold and Post Office Savings Scheme (POSS). However, investments in mutual funds are also gaining traction (increased to 23% in 2023 from 10% in the 2020 survey). (Source: PGIM)

The Dow Jones Industrial Average fell 20.21 points, or 0.06%, at the open to 34,075.65.

The Mumbai headquartered company reported 47.3% year-on-year growth in net profit at Rs 52.6 crore while revenue from operations rose by 40% to Rs 246.3 crore for the September quarter. Loan disbursement increased by 25% to Rs 701 crore.

Diwali marks the first day of the new Hindu calendar, Samvat. Diwali and trading have quite a special connection, which is Muhurat Trading. Muhurat Trading is a special session held on BSE and NSE on the day of Diwali. It is believed that trading on Diwali brings wealth and prosperity throughout the year. Regular trading is not allowed on Diwali as the markets are closed on this day.

At the higher levels, the market could encounter strong resistance around 19500-19600 levels in the short term. Immediate support is placed at 19320 levels, said Nagaraj Shetti of HDFC Securities. On the derivative front, the strike of 19500 saw the highest call open interest (OI) while the strikes of 19450 saw the addition of the highest call OI indicating immediate resistance.

Sectorally, buying was seen in oil & gas, healthcare, public sector and banks while realty, auto, consumer durable and metal stocks saw some selling pressure.

In a regulatory filing, Alok Industries said, "the company is issuing Rs 3,300 crore NCRPS of Re 1 each in one or more tranches on a private placement basis to Reliance Industries."

The rally in Indian stocks is now entirely dependent on earnings growth after the stellar re-rating of valuation multiples, said the asset manager

Changes in a company’s promoter holdings offer crucial signals for investors. Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters themselves don’t believe in the future of the company. However, sometimes promoters might sell their shares for other expenses. Here are 5 stocks which saw the highest decrease in promoter stakes in the September quarter (Source: Trendlyne)