The price action was accompanied with significant volume action as over 58.85 lakh shares were on the block around 10 am on the NSE.

A host of brokerages are bullish on several stocks from different sectors, such as banking, and oil & gas. Trendlyne data shows that 10 stocks, including HDFC Bank, Reliance Industries, CG Consumer Electricals, and Kajaria Ceramics have high analyst ratings and can rally up to 30%. Here's a list of these stocks:

MRPL is a Miniratna company for which analysts expect an upside rally in near term. MRPL stock has been a consistent mover over the past 12 months, giving returns of 82% and outperforming the Nifty50, which has returned nearly 12% during the same time.

The chart pattern suggests that bulls are here to stay and the rally could get extended towards 700 levels in the next 3-4 weeks, suggest experts.

ITC’s daily trend is bullish to sideways. The RSI for weekly and daily is showing sideways momentum, however, the RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 440 and 460. Let’s plan a trade around this.

After September in which Indian equities worth around Rs 14,768 crore were sold by FIIs, October is the second consecutive month where FIIs have been on a selling spree amid a sustained rise in US bond yields.

ETMarkets analysis showed that at least 10 stocks, added by more than 20 mutual fund schemes in September, have given stellar returns so far in FY24, with four of them even turning out to be multibaggers.

Nomura maintained a neutral rating on Havells India with a target price of Rs 1410. The 2QFY24 EBITDA was below broader consensus estimates.

Tata Motors expects CV demand to improve sequentially for the rest of FY24, and is focusing on gaining retail market share, delivering double-digit operating profit growth in FY24 by improving realization and cost savings. Demand for the PV industry is likely to remain steady with the onset of the festive season, and Tata Motors is expected to grow ahead of the market.

In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 19, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

SoftBank, through its affiliate SVF Growth Singapore Pte, has sold a 1.09% equity stake in Zomato in a bulk deal worth Rs 1,040.5 crore. This comes after SoftBank offloaded a 1.17% stake in Zomato in August. The Japanese investor has been reducing its stake in Zomato as the lock-in period for the post-Blinkit deal ended in August. SoftBank has also been reducing stakes in other companies, including PB Fintech and Paytm.

Volatility has been moving in a narrow range at around 11 zones thus not creating major panic in the market even though the upside remains capped.

In the NSE list of stocks, three stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on October 19.

Opening Bell: Sensex falls over 250 points, Nifty below 19,550; Tanla Platforms rallies 8%, HUL drops 2%

Tata Motors plans to strengthen its position by launching several EVs over the next 2-3 years. Further, its India CV business is on a strong footing and refreshed product portfolio in the PV business will enable a sustained recovery. Besides, stake sale in Tata Technologies IPO will help reduce debt. As a result, Sneha Poddar of Motilal Oswal Securities is bullish on the automaker.

For weeks, traders have been watching for a possible intervention by Japanese officials to combat a sustained depreciation in the yen, down 12.5% against the dollar this year.

In the Nifty500 pack, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on October 19, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.

Fed Chair Jerome Powell acknowledged recent signs of cooling inflation but said on Thursday that the central bank would be 'resolute' in its commitment to its 2% mandate.

It was another day of weakness for the Nifty. It hit an intraday low in the early minutes of the day and then bounced back. But it still closed with a loss.

Over two 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 October 19, Thursday, 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)

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 Atul Auto and Birlasoft, while Nooresh Merani has a buy/sell recommendation on ACC and IndusInd Bank for today's trading session. Check out the targets and stoploss.

"The quicker we can get some news on what caused the incident, the quicker the market will be able to move on," she said. "We may see a little bit of volatility at the open tomorrow."

USA-STOCKS/ (UPDATE 6)US STOCKS-Wall St ends down as Treasury yields surge, Powell speaks

Stocks that were in focus included names like Persistent Systems, which rose 2.26%, Dabur, which gained 1.22%, and LTIMindtree, whose shares jumped 6% on Thursday.

GIFT Nifty on the NSE IX traded 45 points, or 0.23 per cent, lower at 19,512, signaling that Dalal Street was headed for negative start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

Appearing to align himself with Fed colleagues who have recently said the bond market is now doing some of the central bank's work for it, Powell in remarks to the Economic Club of New York agreed "in principle" that the rise in yields was helping to further tighten financial conditions and "at the margin" might lessen the need for additional Fed rate increases.

The surge in the 10-year U.S. benchmark yield overnight to 5% has raised borrowing costs around the world. On Friday, the Bank of Japan intervened in the Japanese government bond (JGB) market as the 10-year JGB yield touched a decade high.

New 3 yr facility from a mega consortium of 18 banks will simplify debt structure, improve credit rating, boost cement sector growth plans while saving upto quarter of a billion dollars. Largest refinancing in APAC this year.

Bain, KKR and Carlyle keen on control, open to backing ex-CEO Chaudhry and Ranjan Pai as anchor investor; Byju’s parent denies sale plans

While major lenders have offered term sheets of up to ₹6,000 crore, smaller funds have shown interest in providing loans ranging from ₹800 crore to ₹1,000 crore, contributing to the larger financing package.

JSW Steel, Paytm, Hindustan Zinc and a slew of other companies will announce their second quarter results today.

Japanese tech giant SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to sell 1.1% stake in food delivery company Zomato through block deals on Friday.

“KPR Mill stock has recently ended a nearly 2-year-long consolidation phase and formed a fresh buying pivot while hovering around the breakout area of the range. Traders can buy for a target of Rs 920 in the next 1-2 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd., said.

He also pointed to tightening financial conditions, driven by a rise in longer-term bond yields

Despite an early dip, the Nifty, however, showed remarkable resilience, rebounding 113 points to conclude the session 46 points down at 19,625. The Sensex, which fell 843 points in the last six trading sessions, closed at 65,629.

Demand in rural areas has fallen on a two year basis although the pace of decline has reduced significantly over both sequential and from a year earlier, it said.

While major lenders have offered term sheets of up to ₹6,000 crore, smaller funds have shown interest in providing loans ranging from ₹800 crore to ₹1,000 crore, contributing to the larger financing package.

Both the brokerages have raised the target price for the shares by 3-5%. The average target price for the shares is ₹5,490, estimates from Bloomberg showed. While this implies that the stock is unlikely to gain much from the current levels, the shares are showing strength on technical charts.

A person aware of the development told ET that according to current classifications, banks' holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.

OFS in state firms returned between 25 and 500% in 11 companies of the 17 in which New Delhi chose this route to dilute ownership. Only one offer is presently trading below OFS price.

The domestic 3w volume rose by 80% year-on-year to 1,32,236 units while the total volume dropped by 8.4% to 10.5 lakh units reflecting the weakness in the 2w category where the volume dropped by 18%. The share of 3w in the total volume increased to 12.5% from 6.4% a year ago.

KPR Mills stock witnessed some resistance around Rs 770 levels in January 2022 and failed to hold on to the momentum on the weekly charts. It found support above Rs 480 levels twice – once in June 2022 and then again in December 2022. Finally, it gave a breakout from the consolidation range last week and is sustaining above the same

Under the new framework, Sebi has introduced incentives for large corporates in case of surplus in the requisite borrowings and moderated disincentives if they fail to raise at least 25 per cent of their incremental borrowings through debt securities.

Megacap stocks, barring Tesla, turned positive after Powell's prepared remarks before the Economic Club of New York. Traders now see a 68% chance of no rate hike in December compared with a near 50% chance before Powell's remarks, according to CME's FedWatch Tool, while bets on a pause in November remained unchanged

"We are attentive to recent data showing the resilience of economic growth and demand for labor. Additional evidence of persistently above-trend growth, or that tightness in the labor market is no longer easing, could put further progress on inflation at risk and could warrant further tightening of monetary policy," Powell said in remarks to the Economic Club of New York.

Indian equity indices ended in the red on Thursday, dragged by banking, financial, and IT stocks. The S&P BSE Sensex closed 0.38% lower at 65,629, while the NSE Nifty 50 index ended below the 19,650 level."Nifty is trading near the 50-day SMA (Simple Moving Average). For the traders now, the 50-day SMA or 19625 would act as a trend decider level. Above the same, we could see a technical bounce back till 19700-19735 levels. On the flip side, below 19625 the index could retest the level of 19520-19480," said Shrikant Chouhan, Head of Research (Retail) at Kotak Securities.Here are the 6 stock recommendations for Friday:

Rivals including Rivian Automotive, Lucid Group and Fisker fell between 3.3% and 4.5%, while legacy automakers such as Ford were down around 0.6%. The comments marked a change in tone from Tesla CEO Musk, who had said last year that his company was "recession-resilient". The EV maker missed revenue estimates on Wednesday by the most in more than three years despite hefty price cuts.

Netflix shares rose to $396.20, putting them on course for the biggest one-day percentage gain in nearly three years, with the company on track to add more than $22 billion to its market capitalization.

Tepid sales in China for its new iPhone models have fueled concerns about Apple’s ability to justify its pricey valuation and avoid a streak of four consecutive quarters of falling revenue — which would be its worst run since 2001. That’s as the company grapples with political tensions with China and overheating devices, while KeyBanc this month became the latest firm to downgrade the stock.

During Thursday's trading session, the Sensex benchmark index experienced a decline of about 248 points, concluding the day at 65,629. Despite this market downturn, five stocks included in the BSE IT index reached their highest prices in the last 52 weeks. The 52-week high is particularly important for certain traders and investors as it serves as a crucial technical indicator for assessing a stock's present worth and predicting potential price changes. This figure signifies the peak price at which a stock was transacted over the previous year.Aurionpro Solutions | New 52-week high: Rs 1545.75 | CMP: Rs 1545.75In the last month, the stock has rallied about 23%.