The BSE Sensex was trading 143 points or 0.22% lower at 63,731. Nifty50 was trading at 19,053, down 26 points or 0.14% at around 9.18 a.m.The Fed is widely expected to hold rates, but Chair Jerome Powell's commentary will be key.

CLSA maintained a buy rating on GAIL India with a target price of Rs 135. The big beat witnessed in September quarter results was led by gas trading. Trading profit rose nearly 3x our estimate driving a 76% PAT beat.

Stocks that were in focus included names like BSE, which declined 2.61%, Muthoot Finance, which fell 1.50%, and SBI Life, whose shares gained 3.30% on Tuesday.

"Today's move back into positive territory is on the growing consensus the Fed is more likely to hold off on any more rate hikes this year," said Greg Bassuk, chief executive of AXS Investments in New York.

WeWork plans to file for bankruptcy as early as next week- WSJ

Retail investors are a big force in China. CSRC Chairman Yi Huiman notes that their transactions accounted for about 60% of the total A-shares turnover in late 2022.

"The re-rating in the forecasts has just been incredible in the U.S.," said Oliver Blackbourn, a multi-asset portfolio manager at Janus Henderson. "(It) has caught everyone out."

“HCL Tech has been showing noticeable resilience as it has retraced marginally from its record high and hovering in a narrow band while others are drifting lower. Traders can buy the stock for a target of Rs 1410 in the next 2-3 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.

The net short position of FIIs marginally reduced from 1,57,842 crore on Monday to Rs 1,57,326 crore on Tuesday.

Tata Consumer Products reported 3% growth in its consolidated net profit at Rs 338 crore in the July-September period.

Canara Bank is making a strategic move by converting its subsidiary, Canbank Computer Services, into a dedicated credit card unit. This transformation aims to extract greater value from the unsecured line of business, following in the footsteps of financial institutions like SBI Cards and BoB Cards.

SBI Card CEO Abhijit Chakravorty said the card will be offered to walk in customers of Reliance Retail in stores as well as through applications accepted online. He did not share the minimum cut off required to be eligible for the card.

​The International Financial Services Centres Authority (IFSCA) is learnt to have approached the ministry of finance and RBI to explore regulatory changes that could pave the way for setting up family offices in GIFT City, the country's only financial services centre, a person familiar with the matter told ET.

Over the course of four decades, Agarwal painstakingly built Vedanta into a $10 billion conglomerate. However, facing the risk of overwhelming debt, he is now considering dismantling the company. The pressure is escalating on this entrepreneur who began his journey as a scrap metal trader. Specifically, there is a looming challenge: a $1 billion payment due in January, with $600 million still unfunded. This deficit might necessitate the sale of assets. One potential solution to alleviate the debt burden could involve separately listing different business segments, effectively tackling the financial challenges confronting the company.

DBS India has invited bids for a counter bid for the portfolio of the NPAs, which should be at a minimum of 5% markup on the base price. The bank will hold the Swiss challenge on November 7, according to the bid document.

The Reserve Bank of India (RBI) has projected India's GDP growth at 6.5% for FY24. Its estimate for the Jul-Sep quarter GDP expansion is also set at 6.5%.

Money managers and analysts said flows in November will depend on whether the risk-off sentiment persists though historically equities here have mostly seen foreign purchases during the month in the past decade.

Shares of Butterfly Gandhimathi Appliances fell nearly 7% to close at ₹1,088.10, while CG Consumer Electricals declined half a per cent to close at ₹ 281.95.

The IT stock hit a 52-week high of Rs 1,311 on 18 September 2023, but failed to hold on to the momentum. It has been resilient and has fallen by nearly 4% since then. It bounced back after taking support above the 50-DMA last week. It took support above the 50-DMA on 12-13 October 2023

The Fed kicked off a two-day monetary policy meeting on Tuesday. At the end of the meet the central bank is widely expected to hold interest rates steady, according to the CME Group's FedWatch tool.

Benchmark equity indices ended lower on Tuesday, dragged by banking, auto, and IT stocks. The S&P BSE Sensex closed 0.37% lower at 63,875, while the NSE Nifty 50 index ended below the 19,100 level"The Nifty index faced a challenge after a gap-up opening, encountering strong resistance at higher levels and failing to surpass the day's high. Currently, the index is trading within a wide range bound by 18,900 and 19,250, and a breakout in either direction is likely to trigger trending moves. The broader trend remains negative, and only a close above 19,300 would signal a resumption of the uptrend," said Kunal Shah, Senior Technical & Derivative analyst at LKP SecuritiesHere are the 5 stock recommendations for Wednesday:

In Tuesday's trading session, the benchmark index Sensex saw a drop of approximately 238 points, closing the day at 63,874. However, despite this decline, 4 stocks within the BSE midcap index reached their peak prices in the past 52 weeks. The 52-week high is of significant importance to traders and investors, as it serves 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 has traded over the previous year

ASM or additional surveillance framework is part of the initiatives taken by the Securities and Exchange Board of India and stock exchanges to enhance market integrity and safeguard the interest of investors. ASM framework is based on objective parameters with price, volume variation, volatility, etc.

Last month, J.P.Morgan said it would include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world's fifth-largest economy, which will help it finance its current account and fiscal deficits.

Dow Jones Industrial Average rose 100.15 points, or 0.30%, at the open to 33,029.11. Nasdaq Composite drops 2.87 points.

Amongst sectors, Nifty Realty, Media, and Consumer Durables were major gainers, while Auto, Pharma, and Healthcare were major losers. Analysts see the market consolidating within the range of 18,980 to 19,220 in the near term.

A decisive move above the hurdle of 19,300 could open the next upside target of 19,600 levels in the near term. Further weakness from here could find support around 19,000-18,950 levels, said Nagaraj Shetti of HDFC Securities.

The stock market experienced significant activity as several midcap and smallcap stocks reached new all-time highs on October 31, highlighting their impressive growth potential and contributions to the market.

The stock market demonstrated remarkable resilience as several large cap and midcap stocks achieved new 52-week highs on October 31, underscoring their strength and ability to weather market fluctuations.

This article delves into the significance of Relative Strength Index (RSI) and why it's crucial for assessing stock movements. We've identified several stocks that have experienced RSI trends pointing upwards, offering investors valuable insights.

This article delves into the world of Relative Strength Index (RSI) and why it's crucial for investors to understand this indicator. We've selected stocks that were trading in the overbought zone on October 30, Monday, offering insights for potential investment decisions.

Dive into the world of the Relative Strength Index (RSI) and its significance in stock trading. We've identified stocks that witnessed RSI trending down on October 30, Monday, offering insights to empower your investment choices.

Equity benchmark indices snapped two days of rally to settle lower on Tuesday amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investors were cautious ahead of the US Federal Reserve's interest rate decision. The 30-share BSE Sensex declined 237.72 points or 0.37 per cent to settle at 63,874.93. During the day, it fell 300.12 points or 0.46 per cent to 63,812.53. The Nifty dipped 61.30 points or 0.32 per cent to 19,079.60.

“We are very positive on India...India is the second largest in our portfolio, and we have made a lot of money in the last two years. So, we are very positive on the Indian economy and companies,” Mobius said while speaking at the Morningstar Investment Conference.

Several major stocks achieved a significant milestone by surpassing their 200-day SMA, signaling potential shifts in their stock trends.

"India is in a different cycle right now where we are seeing corporate upgrades. The aggregate earnings of India Inc, thus far in the July to September quarter (Q2FY24), have increased 32% as against our expectation of 26%. India is on a roll. The index can double in the next five years from here on, and surge 4x in 10 years," Raamdeo Agrawal said.

The 30-share BSE benchmark Sensex tumbled 580 pts from day's high and ​​fell 238 points or 0.37% to settle at 63,874. The broader NSE Nifty declined 61 points or 0.32% to end at 19,079. Among Sensex stocks, Sun Pharma and M&M were the top laggards, falling over 2% each. Bharti Airtel, ICICI Bank, IndusInd Bank, and Reliance Industries also closed in the red.

The sale on Oct. 25 lowered Berkshire's holdings in BYD's issued H-shares to 7.98% from 8.05%, the filing to the Hong Kong stock exchange on Tuesday showed.

The depository services company reported a consolidated profit of Rs 109 crore for the quarter ended September. Its profit was higher by 35.4% YoY from Rs 80 crore reported in the corresponding quarter in the previous year, backed by a healthy topline and EBITDA

This article delves into the Golden Crossover, a pivotal pattern for stock analysis, and its implications. We've chosen 5 stocks from the list of 40 Nifty stocks, reported by Trendlyne on October 31, Tuesday, that have recently witnessed this pattern.

While IKS Health (Inventurus Knowledge Solutions Limited) provides administrative, clinical, and operational services in the healthcare domain, AQuity Solutions is tech-enabled clinical documentation, medical coding and revenue integrity solutions provider for the healthcare sector.

EBIT stood at Rs 30.64 crore in Q2 FY24, compared to Rs 15.85 crore in Q2 FY23, improving 93.37% YoY. EBIT margin for the quarter increased to 9.91% compared to 9.11% in Q2 FY23. Improvement in operational efficiency and supply chain measures helped improve the margins.

Most of the investors look at IT stock on a standalone basis as companies for bottomline line. Now let's look at it from the perspective, an economy where the biggest export is software services, shouldn't one be watchful when that sector says growth will moderate and there are layoffs in the sector. So if there is a slowdown in the IT sector there is a high probability that other sectors of the economy may also face pressure, specifically the ones where there is a high element of discretionary consumption. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

State-run Mazagon Dock Shipbuilders and Indian Railway Finance Corporation (IRFC) occupy top slots in the list of 20 best-performing midcap stocks, which also features Fertilizers and Chemicals Travancore (FACT), Macrotech Developers, Vodafone Idea, Sun TV Network and Adani Power.

Last one month has seen some glimpses of what is called co,rrection. Is the correction, one of the many that the market has seen in the last two years, or there is more to it, that would get clearer when in the early part of December state election results come in. Meanwhile analysts are bullish on select mid-caps. Stocks from sectors like small finance banks, oil and diagnostic are on the list. 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 which might help navigate the stock market.

In the last nine months, the upward trend in sugar price in the global commodity markets has brought back focus on the sugar sector. But in the case of India, the sugar sector has been going through a transformation. From just being a sugar producer to becoming part of the clean energy supply chain. All thanks to mixing ethanol with other fuels. In fact a number of companies have seen a significant improvement in their bottomline due to this shift. As the underlying macro changes sugar companies are making a comeback on the analyst list and some of them have seen an increased participation by institutional investors.

The Fed’s outlook for future policy actions and view on inflation will be critical, particularly in the backdrop of the recent surge in bond yields. For 2024, Fed officials had revised their interest rate projections, expecting the federal funds rate at 5.00-5.25% by the end of 2024.

BSE is in a strong uptrend and still looks positive for Rs 2,000 levels and investors can look to buy it in a staggered manner, Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said. He sees an immediate support at Rs 1,660.

As per Trendlyne data, the stock's target price is Rs 1,108, which shows a downside of 10% from the current market prices. The consensus recommendation from 13 analysts for the stock is a 'Hold'.

The brokerage remains optimistic about the company's growth prospects in light of improving 2W demand in the country.