Power Grid, Shree Cements, Trent, Zydus Lifesciences, Info Edge (India), Indian Railway Catering & Tourism Corporation, Cummins India, Alkem Laboratories, UNO Minda, Prestige Estates Projects, among others will release their Q2 earnings on November 7

As the earnings near the fag end, a plethora of companies are scheduled to release their second-quarter earnings in the week ahead. Divi’s Laboratories, FSN E-Commerce, Power Grid Corp of India, Adani Ports and SEZ, Apollo Hospitals, Bosch, Zee Entertainment Enterprises, LIC, Oil and Natural Gas Corp, Coal India, M&M, HAL, and Hindalco Industries are among the big names to watch out for.

In the last five years, the diagnostic segment of the healthcare sector has seen many ups and downs. During Covid, diagnostic players were overloaded with work and then came the price wars which some new tech companies brought on the table. The price war was essentially started to grab both, market and mind share. While the price war is still on in some segments, there is a possibility that its intensity may come down. The reason, new companies have burnt enough cash and large physical-only players have also made some inroads into digital channels for customer acquisition and also part delivery of the service. Will this bring back focus of the street?

Tesla shares have been the worst performer in the group by a significant margin, since the third-quarter earnings season kicked off in mid-October. The stock sank fast after the company’s chief executive officer Elon Musk dialed back growth expectations amid slowing demand and dour forecasts from other automakers.

For most, market movement this week may not appear volatile, but the fact is last week was pretty much very volatile both at the index and market breadth level. First three days of decline and then two days of up move. But the underlying bias of the market is still bearish as even when the Nifty was trading in green, the market breadth was not very positive. So it would be better to be selectively bullish and put more checks and balances both in terms of quantitative and qualitative parameters while looking at stocks.

An SIP of Rs 10,000 invested systematically every month in HDFC Top 100 Fund would have grown to Rs 6.88 crore by September. The HDFC Top 100 fund, which predominantly invests in largecap stocks, has completed 27 years since its launch. The scheme has given around 14% returns on SIP investments made for a period of 10-15 years.

From a technical perspective, the market formed an Inside Bar on the charts as Nifty formed a lower high and higher low. More importantly, Nifty defended the strong support zone of 18,850-18,900 levels. As of now, unless violated, this zone remains a very strong support zone for Nifty.

The Indian economy currently finds itself in a sweet spot of growth and is well-poised for continued resilience in the face of global challenges, Axis Securities said in a note as the brokerage shared 9 stocks this Diwali which, it claims, will brighten your Samvat 2080.

Tesla shares have been the worst performer in the group by a significant margin, since the third-quarter earnings season kicked off in mid-October. The stock sank fast after the company’s chief executive officer Elon Musk dialed back growth expectations amid slowing demand and dour forecasts from other automakers.

The shares of a broad range of clean energy companies have been crushed lately, in a rout that encompasses just about every alternative energy sector, including solar, wind and geothermal power. At the same time, rather than weaning themselves off oil, Exxon Mobil and Chevron, the two biggest U.S. oil companies, are doubling down.

Motilal Oswal has pruned the FY24E EPS of four Nifty stocks by over 4% following their Q2 earnings. EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. It is a tool that market participants use frequently to gauge the profitability of a company before buying its shares. Check out the EPS downgrades by the brokerage for Bharti Airtel, and Wipro, among others:

The Dow Jones Industrial Average rose 222.24 points, or 0.66%, to 34,061.32, the S&P 500 gained 40.56 points, or 0.94%, to 4,358.34 and the Nasdaq Composite added 184.09 points, or 1.38%, to 13,478.28.

About 57 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. Jaiprakash Associates was the top gainer in the pack with nearly 40% return, followed by SEPC Ltd (35.1%), Greenlam Industries (29.6%), and Apollo Micro Systems (25%).

Shriram Finance could witness an inflow of up to $250 million from the passive funds if included in India's biggest index. Domestic and global passive funds, such as exchange-traded funds (ETFs), structure their portfolios based on these indices.

Draho expects the S&P 500 to trade between 4,200 and 4,600 until investors determine whether the economy will be able to avoid a recession. The index was recently around 4,365.

The Labor Department's report showed nonfarm payrolls increased by 150,000 jobs in October, against expectations of a 180,000 increase, partly due to strikes at Detroit's Big Three automakers.

5 Nifty constituents saw earnings per share (EPS) upgrades of over 4% for FY24 following their Q2 earnings. EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. It is a tool that market participants use frequently to gauge the profitability of a company before buying its shares. The higher the earnings per share of a company, the better its profitability. (Data Source: MOSL)

The stock price surge caps a recovery week for the maker of gas and wind turbines, shares of which fell to a record low on Oct. 26, when it disclosed talks with the government, banks and top shareholder Siemens over guarantees.

The emphasis on profitability and cost control echoed the commentary from larger peer PayPal Holdings, which said earlier this week that it would turn "leaner" to drive growth.

The Labor Department's report showed nonfarm payrolls increased by 150,000 jobs in October, against expectations of a 180,000 increase, partly due to strikes at Detroit's Big Three automakers.

The bank's net interest margin, a key gauge for profitability, remained flat at 2.84%. Net interest income rose 8.3% year-on-year at Rs 1917 crore while non interest income which includes treasury earnings fell 17% at Rs 647 crore. A market-to-market loss of Rs 45 crore led to the fall in treasury income.

In Friday's trading session, the benchmark index Sensex witnessed a significant increase of around 283 points, closing at 64,364. Within this upswing, 4 stocks belonging to the BSE FMCG index reached their highest prices in the past 52 weeks. The 52-week high is of particular significance to traders and investors, serving as a vital technical indicator for evaluating a stock's current worth and predicting potential price changes. It represents the highest price at which a stock was traded over the past year.

The Dow Jones Industrial Average rose 149.75 points, or 0.44%, at the open to 33,988.83. The S&P 500 opened higher by 16.45 points, or 0.38%, at 4,334.23, while the Nasdaq Composite gained 68.66 points, or 0.52%, to 13,362.85 at the opening bell.

The quick commerce company bounced back with a 29% quarter-on-quarter gross order value (GOV), growth following tepid growth in Q1FY24, due to temporary disruptions in the business.

From a technical standpoint, the weekly chart displays a Bullish Inside Candle formation, with the weekly RSI at 51. On the daily chart, the 50-day moving average acts as a formidable resistance at 19,450 for the Nifty 50.

Several large-cap stocks have recently demonstrated their resilience and growth potential by surpassing their 100-day Simple Moving Average (SMA) on November 2. This achievement signifies their strength in navigating the dynamic stock market.

Surpassing the 200-day SMA is often viewed as a strong signal of potential long-term growth and stability. However, investors should conduct thorough research and analysis before making investment decisions.

The NSE Nifty 50 index settled 0.5% higher at 19,230, while the S&P BSE Sensex rose 283 points or 0.44% to 64,364. Nifty Realty surged 2.5%, while Nifty Bank, Financial, Auto, Metal, Media, FMCG and Healthcare surged 0.5-0.7%. High-weightage IT stocks rose 0.64%, led by LTIMindtree, Infosys, and Tech Mahindra.

Titan Company on Friday reported a nearly 10% year-on-year (YoY) rise in net profit for the quarter ended September 2023 to Rs 940 crore. This was way higher than an ETNow poll of Rs 860 crore. Revenue from operations grew by 34% YoY to Rs 11,660 crore, and was also above the estimated Rs 10,375 crore.

Zomato stock which closed nearly 10% higher at Rs 117.90, also crossed a market cap of Rs 1 lakh crore. At the close, its overall market cap stood at Rs 1.01 lakh crore. The results infused a strong buying interest in the counter as 17.36 shares traded on the NSE minutes before the market closing time.

Closing Bell: Banks push Sensex 283 points higher; Nifty above 19,200; Zomato zooms 10%, Titan 2%

ETMarkets explores the Relative Strength Index (RSI) and its significance in stock analysis. On November 2, Thursday, StockEdge identified over 50 stocks with RSI trending up. We've picked a handful of these, including Radico Khaitan, Hitachi Energy India, Indus Towers, KFin Technologies, Triveni Turbine, and Sun Pharma Advanced Research Company, to provide valuable insights for investors.

The Nifty50 opened higher on Friday by about 120 points at 19,254. During this rally, 6 large and midcap stocks managed to hit new 52-week highs. Here's a list:

In the dynamic world of stock trading, understanding technical indicators like the Relative Strength Index (RSI) is essential. On November 2, Thursday, StockEdge identified 8 stocks with a declining RSI. ETMarkets delves into the significance of RSI in stock analysis and spotlights 5 stocks - Jyothy Labs, Safari Industries, Balkrishna Industries, Medplus Health Services, and Hero MotoCorp - whose RSI trends are currently on the downside.

It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Given the fact that natural rubber prices have moved up from the lows and still the companies have been able to deliver bottomline growth and expansion in margins is an indication that the demand tailwinds are extremely favorable. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand continue to act as tailwinds?

ETMarkets explores the Relative Strength Index (RSI) and its significance in stock analysis. On November 2, Thursday, StockEdge identified over 50 stocks with RSI trending up. We've picked a handful of these, including Radico Khaitan, Hitachi Energy India, Indus Towers, KFin Technologies, Triveni Turbine, and Sun Pharma Advanced Research Company, to provide valuable insights for investors.

The Golden Crossover is more than just a market buzzword; it's a powerful tool for investors. ETMarkets delves into the concept, explaining its significance and highlighting five Nifty stocks that recently witnessed this pattern, including Hindalco Industries, ICICI Bank, ITC, IndusInd Bank, and Infosys.

Net worth of Arvind Beauty FY23 was Rs 10.6 crore, which accounted for 1% of the consolidated net worth of the parent company.

Its total income stood at Rs 6,767.4 crore in the September quarter of the current financial year, up 16.5% YoY compared to Rs 5,810.4 crore in the same quarter of the previous financial year. On a QoQ basis, total income rose 1.3% to Rs 6,767.4 crore in Q2 FY24 from Rs 6,681 crore in Q1 FY24.

Last week, when the correction hit the Indian markets, it was the financial sector which suffered the maximum damage. But if one looks slightly deeper, there are certain segments which were able to recover faster than others. Some PSU banks have been able to recover faster whereas in the private banks and insurance space recovery is slower. Now this slower place of recovery could be a continuation of the trend of range bound movement which private banks like HDFC bank, Kotak Mahindra and IndusInd bank have been witnessing for the last three years. Going forward it is very likely that we might see even more divergence in the performance of financial sector stocks. So, be careful both in buying and selling decisions in financial space.

Suzlon said its service business continues to do well while forging and foundry business SE Forge consolidated on its foundation for future growth. The company has a net cash of Rs 599 crore by September 2023, which is a marked shift from net debt of Rs 1,180 crore in March 2023.

In a recent interview with ETMarkets, Shiv Sehgal, President and head of Nuvama Capital Markets, shared insights on the Indian equity market's recent correction and its connection to global events.He discussed the prospects of long-term investing in India, cautioned about small and midcap spaces, and provided guidance on identifying investment opportunities in a volatile market. Here are key takeaways:

Its total income stood at Rs 6,767.4 crore in the September quarter, up 16.5% YoY compared to Rs 5,810.4 crore in the same quarter of the previous financial year. On a QoQ basis, total income rose 1.3% to Rs 6,767.4 crore in Q2 FY24 from Rs 6,681 crore in Q1 FY24.

The stock was also the top gainer in the Nifty Healthcare index, riding on which the index became the top performer among its Nifty peers.

The company on Thursday reported an 848% growth in its net profit for the September ended quarter at Rs 6,594 crore. The same stood at Rs 696 crore in the year-ago period.

This indicates the zone of 43,600-43,650 will act as crucial resistance for the index. While the immediate support is placed in the zone of 43,000-42,950.

Kotak Securities has come out with a list of eight stocks this Diwali for Samvat 2080 based on its assessment of markets and outlook. It finds decent value in a few large-cap stocks and BFSI sector only in light of rich valuations of most stocks in the consumption, investment and outsourcing sectors. As the broader market valuations are rich, opportunities arising from market correction can be used to add quality stocks from a long-term investment perspective, a Kotak research report said.

Domestic brokerage firm Axis Securities is bullish on several smallcap stocks, which can rally up to 30%. These stocks include CIE Automotive, Westlife Foodworld, and CreditAccess Grameen. Here's a list of 6 smallcap stocks that can rally up to 30%, according to Axis Securities:

Titan Company’s daily trend is sideways to bullish. The RSI for weekly and daily are showing sideways momentum, however, the RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 3100 and 3300. Let’s plan a trade around this.

Short-term traders can look to sell the stock for a possible target below 1400 levels in the next 1-2 months, suggest experts.