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 TATA Motors and Birlasoft, while Nooresh Merani has a buy/sell recommendation on Sun Pharma and Motilal Oswal for today's trading session. Check out the targets and stoploss.

Over one and half 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 18, 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)

Wealth creation was led by L&T and followed by Infosys, ICICI Bank, JSW Steel, Bharti Airtel, ITC, UltraTech Cement, Bajaj Auto, Reliance Industries, UPL, Asian Paints and Dr Reddy's Laboratories, on the basis of the number of options issued.

MSCI's broadest index of Asia-Pacific shares outside Japan was 1.11% lower and on course for a 1.4% decline in the week. Japan's Nikkei sank 1.35%.

GIFT Nifty on the NSE IX traded 21 points, or 0.11 per cent, lower at 19,572.50, signaling that Dalal Street was headed for negative start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

The latest shareholding of IndusInd Bank showed that the foreign shareholding has decreased to 62.61%, thereby meeting the minimum headroom requirement of 15%.

The Bank of Korea (BOK) said price pressures would remain for longer than expected due to heightened uncertainties surrounding the Israel-Hamas conflict and global oil prices.

While a slight majority still see a cut before the middle of 2024, a significant minority of forecasters, around 45%, now see no rate reduction until the second half of next year or later, up from 29% in the last poll.

Bajaj Auto has reported standalone net profit of Rs 1,836 crore for the quarter ended September, which is higher by 20% compared with Rs 1,530 crore reported in the same quarter last year.

"Venkeys has been in a strong multi-year uptrend. The stock has recently witnessed a bounce from a 15-year ascending channel support. Traders can buy for a target of Rs 3000 in the next 12 months," Gaurav Bissa, VP, InCred Equities, said.

Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped 10% on Wednesday.

Wealth creation was led by L&T and followed by Infosys, ICICI Bank, JSW Steel, Bharti Airtel, ITC, UltraTech Cement, Bajaj Auto, Reliance Industries, UPL, Asian Paints and Dr Reddy's Laboratories, on the basis of the number of options issued.

Mounting tensions in the Middle East stoked risk aversion. Safe-haven gold hit its highest level in more than two months. The Cboe Volatility index, Wall Street's fear gauge, jumped.

Several lawsuits have been filed against subsidiaries of Dabur International Ltd in the US and Canada, claiming that their hair-relaxer products have caused ovarian and uterine cancer. The lawsuits are part of a multidistrict litigation, with over 5,400 cases. While the company expects defense costs to exceed the materiality threshold soon, it stated that the final claim amount cannot be estimated at this stage.

The plea, filed in the National Company Law Appellate Tribunal (NCLAT) on Tuesday, has said that the court has erred in questioning the wisdom of the CoC and has sought a direction to the NCLT to consider the plans in its current form.

Bank of Baroda (BoB) has suspended employees and launched an investigation after being banned by the RBI from onboarding new customers onto its 'bob World' mobile app. The suspensions are mainly in smaller towns outside the metros. The RBI banned BoB due to concerns over how the bank was taking on customers, following a news network's exposure of the bank linking accounts to unregistered mobile numbers to boost downloads and sign-ups. The RBI stated that further onboarding will be subject to the bank rectifying the deficiencies and strengthening related processes.

Wipro’s second-quarter performance was significantly below the analysts’ already muted expectations. In addition, the country’s fourth largest software exporter provided a sombre outlook for the next quarter’s top line notwithstanding a sustained momentum in new deal wins.

"While LTTS' deal wins have improved, complemented by better margin defence, risks of business cyclicality and weaker working capital cycle (post-SWC) persist," HDFC Securities said in a note.

The company said it will seek shareholder approval in the extra-ordinary general meeting (EGM) on November 18. Additionally, the board has also sanctioned the incorporation of a wholly-owned subsidiary to be named Dhyani Cyberrnest.

Transworld Holdings, which held a 71.25% stake in the company, offered to repurchase shares at ₹400 each, but only 16.61% of shares were tendered, leaving a shortfall of 2.14 percentage points.

Foreign Portfolio Investors (FPIs) net sold shares worth ₹1831.84 crore on Wednesday. Domestic institutions were buyers to the tune of ₹1,469.50 crore, according to provisional data.

The two-day Offer for Sale (OFS) opened for subscription for non-retail investors on October 18 and was subscribed 2.1 times. Retail investors can place bids in the issue on October 19.

Venky’s stock has a strong base around Rs 1400 and immediate support is seen around the Rs 1950-2000 mark. Additionally, it has seen a breakout from a falling channel pattern on the monthly charts. The stock jumped above the 50-month moving average in August and is sustaining above the same level, which suggests that the short-term trend is on the upside.

On the earnings front, Morgan Stanley's third-quarter profit dropped less than expected as a strong performance in its wealth management division offset a hit from a lull in dealmaking. The company's shares, however, fell 7.6% to a more than one-year low

Adani Group is in discussions with Jaiprakash associates to acquire a Cement plant of Jaiprakash in Karnataka. Now, these talks between Adani group and Jaiprakash are ongoing, and this asset, located at Shahabad in Karnataka, has an annual operating capacity of 1.2 million tonnes a year.

Wipro’s second-quarter performance was significantly below the analysts’ already muted expectations. In addition, the country’s fourth largest software exporter provided a sombre outlook for the next quarter’s top line notwithstanding a sustained momentum in new deal wins.

Investment firm Singularity Growth on Wednesday said it has raised Rs 500 crore in the first tranche via Singularity Growth Opportunities Fund II. The total corpus planned under the fund is Rs 1,500 crore with a greenshoe option of Rs 500 crore.

Indian equity markets ended lower on Wednesday, dragged by banking and financial stocks. The S&P BSE Sensex closed 0.83% lower at 65,877, while the NSE nifty 50 index ended below the 19,700 level."As long as the index is trading below 19800, the weak sentiment is likely to continue and could slip till 19600-19575. On the flip side, a minor pullback rally is possible if the index surpasses the intraday resistance of 19720, and above the same, we could see one quick intraday rally till 19780," said Shrikant Chouhan, Head of Research (Retail) at Kotak Securities.Here are the 4 stock recommendations for Thursday:

Bajaj Auto on Wednesday said its consolidated net profit increased 17.51 per cent to Rs 2,020 crore for the September quarter with robust domestic performance driving record revenue. The Pune-based company had reported a consolidated net profit of Rs 1,719 crore in the year-ago period.

Dow Jones Industrial Average fell 37.40 points, or 0.11%, at the open to 33,960.25. The S&P 500 opened lower by 15.85 points, or 0.36%, at 4,357.35, while the Nasdaq Composite dropped 94.07 points, or 0.70%, to 13,439.68 at the opening bell

During Wednesday's trading session, the Sensex benchmark index experienced a notable decline of around 551 points, concluding the day at 65,877. Surprisingly, despite the overall market downturn, 10 stocks included in the BSE commodities index reached their highest prices within the last 52 weeks.The 52-week high is of great importance for particular traders and investors as it serves as a crucial technical indicator for assessing a stock's present value and forecasting potential price fluctuations. This figure signifies the peak price at which a stock has traded over the course of the past year.

Suzlon stock went up to 5% in a single day and the overall sentiment of the stock is looking bullish. It took support above a trendline and for the past few days, it has been hitting the upper circuit. The stock is experiencing good buying pressure. The stock is heading toward its next target of Rs 37.20 level as Target 1 and Rs 45.20 level as Target 2

These midcap stocks have the highest dividend yields, according to Axis Securities. The top five stocks belong to different sectors.

A lot of large-cap stocks have outperformed the Nifty50 index recently. Even though the markets globally and domestically are a little unstable due to the intensifying conflict in the Middle East, these large-cap stocks have given stellar returns on a 1-week and 3-month basis as of October 17th. Let's take a look at these 6 LARGECAP STOCKS.

The Futures Open Interest (OI) in the Nifty indicated a buildup of fresh short positions in index futures. Call writers were seen offloading their positions at the 19,800 strike, leading to a strong down in Nifty today. A double-top structure around the 19,850 levels is visible on the daily chart. A breakdown below the previous swing low of 19,635 can intensify the selling pressure, which can take the index to 19,480 levels, said Ashwin Ramani, Derivatives and Technical Analyst, SAMCO Securities.

IT company Wipro's consolidated profit remained almost flat at Rs 2,667.3 crore in the second quarter ended September 30, the company said in a regulatory filing. The company had posted a profit after tax of Rs 2,649.1 crore a year ago. Its consolidated revenue from operations declined marginally to Rs 22,515.9 crore in the reported period from Rs 22,539.7 crore it registered in the September 2022 quarter, according to the filing.

Wipro cited four reasons behind the merger decision — to consolidate business operations, enable synergies of operations, facilitate a reduction in overheads including administrative, managerial, and other expenditures, ensure an optimised legal entity structure, and to significantly reduce multiplicity of legal and regulatory compliances

High-weightage financials lost 1.3%. Bajaj Finance shed as much as 2.85% and was the top Nifty50 loser. Bajaj Finserv also declined over 2%.Nifty Bank also fell 1.2%. Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Kotak Bank plunged 1-1.5%.

On Tuesday, October 17, several largecap stocks in the Indian market displayed significant moves by crossing their 50-day SMA, signaling potential changes in their stock trends.

Sensex resumes fall after 1-day hiatus, ends 551 pts lower; Nifty below 19,700; MMTC plunges 10%, Bajaj Fin 3%; Tega Industries, AB Cotspin India, Ratnamani Metals & Tubes are some of the gainers in the closing trade.

ETMarkets provides insights into the Relative Strength Index (RSI) and highlights 10 stocks that have recently witnessed a surge in RSI, explaining its significance for investors.

On Tuesday, October 17, several major stocks in the Indian market made significant moves by crossing their 200-day SMA, marking potential changes in their stock trends.

Reliance Industries, which is India's most valuable company, is currently facing scrutiny over its succession planning. The company's billionaire owner, Mukesh Ambani, is grooming his three children to lead its diverse businesses. However, there are concerns regarding appointing his youngest son, Anant Ambani, to the board of Reliance Industries Ltd. International proxy advisory firm Institutional Shareholder Services Inc (ISS) has advised shareholders to vote against his appointment, citing his limited leadership and board experience.

ETMarkets delves into a dozen stocks that find themselves in the overbought zone but bear a declining Relative Strength Index (RSI), offering valuable insights for investors.

ETMarkets examines a pool of stocks trading in the overbought zone and handpicks 10 of the most promising ones for investors to keep an eye on.

An escalation of the Israel-Gaza war into a broader conflict could deliver another shock to world growth and halt disinflationary forces in their tracks. Market reaction has been modest so far, but that could change."Whether this conflict remains limited to a confrontation between Hamas and Israel or escalates into a broader regional conflict involving Iran's proxy armed groups, notably Hezbollah, will have significant implications," said Hamza Meddeb, director of the political economy programme at the Malcolm H. Kerr Carnegie Middle East Center in Beirut."Such an escalation could lead to increased oil prices, concerns about oil supply, and the potential for a global economic downturn."Here are some scenarios in focus.

On Tuesday, October 17, several midcap stocks in the Indian market exhibited noteworthy movements by crossing their 100-day SMA, signaling potential shifts in their stock trends.

ETMarkets dissects Relative Strength Index (RSI) trends and highlights 10 stocks showing a decline. Understanding RSI is crucial for investors.

In a day filled with extraordinary market activity, several smallcap stocks achieved a remarkable milestone by reaching new all-time highs on October 18.

ETMarkets provides insights into the Golden Crossover pattern, its significance for investors, and highlights 10 stocks that recently experienced this bullish formation.