As the board approved, TCS announced the share buyback for the 5th time. India's largest software exporter Tata Consultancy Services or TCS today announced Rs 17,000 crore share buyback scheme at a price of Rs 4,150 per share, a 15% premium on Wednesday's closing price. Here’s a brief history of the company’s share buyback actions during the years:

Indian equity markets ended higher for the second straight session on Wednesday, led by auto, financial and FMCG stocks, with the BSE Sensex rising 0.6% to 66,473, while its NSE counterpart Nifty50 closed above the 19,800 level."The short-term trend of Nifty continues to be positive. A decisive move above 19800 levels is likely to pull Nifty towards the next upside levels of 20,000-20,200 in the near term. Important support is placed at 19650 levels," said Nagaraj Shetti of HDFC Securities.Here are the 4 stock recommendations for Thursday:

The company's stock was indicated to open between $46 to $48 on the New York Stock Exchange, compared with its initial public offering price of $46. The stock sale raised $1.48 billion.

On Wednesday, benchmark index Sensex saw a significant increase of approximately 394 points, ending the day at 66,473. During this upswing, 5 stocks from the BSE IT index reached their peak prices in the past 52 weeks.The 52-week high holds significant significance for specific traders and investors as it functions as a vital technical gauge for evaluating a stock's current value and projecting potential price fluctuations. This value represents the highest price at which a stock was traded over the past year.

It was not immediately clear if the deal marks the French insurer's exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities.

Yields on government bonds have eased from their multi-year highs on dovish remarks from Fed officials earlier this week

On Wednesday, benchmark index Sensex saw a significant increase of approximately 394 points, ending the day at 66,473. During this upswing, 5 stocks from the BSE IT index reached their peak prices in the past 52 weeks.The 52-week high holds significant significance for specific traders and investors as it functions as a vital technical gauge for evaluating a stock's current value and projecting potential price fluctuations. This value represents the highest price at which a stock was traded over the past year.

The Dow Jones Industrial Average rose 82.90 points, or 0.25%, at the open to 33,822.20

Interest rates in big developed economies have shot up since late 2021 to contain inflation, with resilience in the U.S. economy adding to a sense that rates will likely stay higher for longer than initially expected.

The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 19,800 levels. Sectorally, buying was seen in telecom, auto, FMCG, utilities, and realty while the public sector experienced some selling pressure

Prabhuas Lilladher's six top picks from midcap and smallcap space have the scope to offer up to 29% returns to investors. Take a look:

The short-term trend of Nifty continues to be positive. A decisive move above 19,800 levels is likely to pull Nifty towards the next upside levels of 20,000-20,200 in the near term

TCS has come out with its Q2 results, and Infosys and HCL Technologies are next up. Both these companies will post their results on October 12 and the overall expectation remains muted. While Q2 is considered to be a strong quarter for the IT sector demand slowdown is a key reason why analysts estimates are subdued this time.

"We would like to inform you that at the Board Meeting held today, the Directors have declared a second interim dividend of Rs 9 per equity share of Rs 1 each," the company said in a filing.

Following a board meeting to consider its Q2 results, TCS said the board has approved a proposal to buyback 4.09 crore shares for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12% of the total paid-up equity share capital of the company.

As part of the delisting process, the counter offer bidding period for public shareholders of Shreyas Shipping at Rs 400 per share will start from October 11 and close on October 17, the parent company Transworld Holdings said in a note.

Benchmark Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday on buying in energy, FMCG and capital goods shares amid mixed global cues and easing inflation concerns. Rising for the second straight session, the 30-share Sensex spurted by 393.69 points or 0.6 per cent to close at 66,473.05, with 24 of its constituents ending in the green. Six stocks declined. The broader Nifty of the NSE advanced 121.50 points or 0.62 per cent to settle at 19,811.35, as 37 index shares gained while 12 declined and one closed unchanged.

From the Sensex pack, Wipro and UltraTech Cement were the top gainers, rising 3.4% and 2.1%, respectively. Reliance Industries, HUL, Nestle, and M&M also closed higher. On the other hand, HCL Tech, TCS, SBI, and Infosys closed in the red

Smallcap funds, the category that has seen consistently strong inflows in the past few months, saw a slowdown in September. The category saw net inflows of Rs 2,678 crore in September, compared to Rs 4,265 crore in August. Largecap funds saw outflows of Rs 111 crore in September, compared to outflows of Rs 349 crore in August.

The regulator said that it had 5,259 pending actionable complaints as of September end, excluding 19 complaints that were under regulatory actions or legal proceedings.

​European stocks inched higher on Wednesday as Novo Nordisk shares jumped after a positive update on its diabetes drug Ozempic, though underwhelming results from French luxury giant LVMH capped gains.

In 2023, Indian stocks experienced a good upward trend. On multiple occasions, the index touched record-high levels. While the benchmark index Sensex has gained approximately 9% throughout the year, 12 out of the 30 stocks have shown weaker performance compared to the index. ETMarkets has analyzed six stocks, which have not only underperformed but are still trading below their 2022 levels. Interestingly, the data from Trandlyne forecasters suggests that most of these stocks are likely to experience a notable upward movement. (Data Source: ACE Equity)

Smallcap funds, the category that has seen consistently strong inflows in the past few months, saw a slowdown in September. The category saw net inflows of Rs 2,678 crore in September, compared to Rs 4,265 crore in August. Largecap funds saw outflows of Rs 111 crore in September, compared to outflows of Rs 349 crore in August.

Surpassing the 50-day SMA is a significant technical achievement that often signals short to medium-term trends in the stock market.

In this analysis, ETMarkets examines the recent decline in Relative Strength Index (RSI) for 10 stocks, shedding light on the importance of RSI in assessing stock movements.

The Relative Strength Index (RSI) is a momentum oscillator that assesses the speed and magnitude of price movements. It is a key tool for identifying potential overbought or oversold conditions in a stock.

Global investors have sold $16.2 billion worth of stocks in the region since Sept. 4, set for the longest weekly selling stretch in about 16 months, according to data compiled by Bloomberg. The exodus has been led by India, and tech-heavy markets of Taiwan and Korea. Geopolitical concerns in wake of Israel-Hamas conflict have added to the gamut of risks the region faces including a hawkish Federal Reserve, a slowing China economy and a rally in oil prices.

Explore the significance of Relative Strength Index (RSI) and its role in stock analysis as ETMarkets identifies 10 stocks that have recently exhibited an upward RSI trend.

Dive into an analysis of 10 stocks, currently in the overbought zone as identified by their RSI, a key momentum indicator. With insights sourced from StockEdge, ETMarkets explores these stocks' current positions and the significance of RSI in predicting potential market movements.

The fund is called Gulf Asia Trade & Investment, the sources said. It is owned by Dubai businessman Nasser Ali Shaban Ahli, according to checks of its website last month although the site has since been pulled down.

Surpassing the 200-day SMA is a significant technical achievement that often signals longer-term trends in the stock market.

Discover the power of the Golden Crossover as we analyze 10 Nifty stocks that have recently exhibited this pattern. ETMarkets explores the significance of the Golden Crossover and why it's a crucial indicator for making informed investment decisions.

Emami Paper Mills and Star Paper Mills surged 7% each, and the latter also scaled a 52-week high of Rs 245.20. Ruchira Papers, Pudumjee Paper, Satia Industries, Seshasayee Papers, Genus Paper, and West Coast Paper Mills climbed 4-6%.

Thus, projecting a target of 21,000 by December 2023 as it is price parity of the June-December 2022 rally (15,183-18,887) projected from March 2023 low of 16,828. "The seasonality pattern gels well with our price structure model and classical chart pattern projection of 20,700-21,000 in CY23. Meanwhile, strong support is placed at 18,700," the report said.

After refusing to leave the party when nifty and senex corrected for the last two months, small cap stocks witnessed correction in the last three weeks. One trend which has appeared is that on the day when the small index is down, the breadth of the whole segment is extremely weak. It is an indication that investors should put more checks and balances while navigating the small cap space. Also beware of rude shocks which this segment of the market may witness given the fact there are more headwinds ahead.ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The domestic brokerage picked HDFC Bank, RR Kabel, Canfin Home, Navin Fluorine and ABB India as its conviction buys. A stable government post-elections with a continuation of economic policies could take markets to new heights, the note said.

Although the September quarter has been seasonally strong for Indian software exporters, analysts stated this time Q2 earnings are likely to show a continuation of weak demand with macro uncertainty prolonging.

Both, in terms of bottomline and stock price performance, pharma stocks had been under pressure for a long time. Partly this under performance was due to over valuation at which these companies were trading since 2015. Also stocks came in the overowned category for both the institutional and retail investors portfolio. Last but not the least, close to 2014, USFDA inspections became both more in numbers and stricter, many companies which assumed that they can take care of anything, got a rude shock. After all the head and tailwinds, many companies which had changed their focus, fruits are visible in terms of them moving into new markets and better financials.

The brokerage has a “buy” rating on the stock with a fair value of Rs 3,200, implying an upside potential of nearly 29% from the current levels. So far in 2023, the stock has given 24% returns to investors and hit an all-time high of Rs 2,745.10 in July.

Last month, Nomura had also upgraded the Indian equity market to overweight status saying that valuations may remain expensive. In August, Morgan Stanley had upgraded India to overweight rating and ranked India as the No. 1 market in its basket of Asian emerging markets ex-Japan on the back of a structural uptrend and secular leadership.

The realty stock hit a 52-week high of Rs 564 on 10 October 2023. The stock has been in a strong uptrend after it surpassed the 2009 high of Rs 490 on 31st August 2023.

A decade ago, tenants were attracted to India because of its cost arbitrage, but it has evolved as a key market for the execution of ideas conceptualized in the US due to the availability of skilled personnel.

In July, Al Jazeera had reported that Bank of Baroda officials had linked bank accounts to unrelated mobile numbers to achieve stiff targets to get customers to join the app.

InterGlobe Aviation has given strong index-beating returns in 2023, aided by the robust demand for leisure as well as corporate travel, and market share gains due to financial troubles that some of its peers are reeling under. Attractive valuations and the ability to pass on cost increases in the form of price hikes makes a case for investing in the IndiGo airline owner, according to Arun Agarwal of Kotak Securities.

The markets opened higher and ended on a strong note.

While IT stocks have been underperforming the broader market for more than a year, But at this point of time as second quarter results start to pour in, they witnessed another round of sharp correction. This was in the backdrop of some of the US IT services companies indicating that the operating environment is tough at this point of time. But sometimes, even the management are caught on the wrong foot, like in early 2021 when they went on a hiring spree only to reverse in less than two years. 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.

CLSA Asia Pacific Markets and Kotak Institutional Equities have raised their target price on the company by 7-8%, with both the brokerages maintaining a ‘buy’ or ‘add’ rating. The shares closed with over 2% gains at 480.65 rupees on Tuesday, also supported by strength in the broader market.

Ahead of Q2FY24 earnings, a host of brokerages have initiated coverage on several counters. They see a strong potential for value unlocking in these companies, which includes Adani Ports, KPIT Technologies, and Cyient, with a targeted upside of up to 40%. Here is a list of 6 stocks on which brokerages initiated coverage ahead of Q2FY24 results:

That took the gauge, as of Monday’s close, to the weakest-ever level relative to the S&P 500 Index in data going back to 1987. The ratio has since recovered as the emerging-market benchmark rose more than 1% in Tuesday’s session.

Shares of the country’s largest miner closed over 5% higher at 303.25 rupees, and were the best performers on the Nifty 50, which itself ended with a near 1% gain. The shares are up by almost a third in three months, and experts believe there is further steam for the rally to continue in the near term.