On October 3, Tuesday, StockEdge reported that 19 stocks were exhibiting a decline in Relative Strength Index (RSI). ETMarkets has handpicked 10 of these stocks for a closer look.

The stock market witnessed a surge of enthusiasm as several mid and large cap stocks reached new 52-week highs on October 4.

Known as one of the biggest mining companies in India in today's time, Vedanta is all set to split. Vedanta board approved a pure-play, asset-owner business model and announced a demerger that will result in the company splitting its businesses into 6 different entities. Watch the video.

ETMarkets presents 10 stocks that have experienced this bullish formation, potentially signaling exciting opportunities for investors.

"Investors who received allotments in the IPO should consider all these related risks and exit their position after this listing," said Shivani Nyati, Head of Wealth, Swastika Investmart.

ETMarkets highlights 4 such stocks that may face headwinds despite their overbought status. Understand why RSI matters in stock analysis.

Equity benchmark indices ended lower on Wednesday, extending their previous day's fall, due to unabated foreign fund outflows and weak trends in the US and Asian markets. The 30-share BSE Sensex went lower by 286.06 points, or 0.44 per cent, to settle at 65,226.04. During the day, it plunged 633.33 points, or 0.96 per cent, to 64,878.77. The Nifty declined 92.65 points, or 0.47 per cent, to end at 19,436.10.

Over 29 stocks surged into overbought territory on October 3, Tuesday. ETMarkets has identified 10 stocks that you should watch closely. This article explores the importance of RSI in stock assessment and why it matters for investors.

From the Sensex pack, Axis Bank and SBI were the top laggards, declining 4.7% and 2.9%, respectively. IndusInd Bank, NTPC, UltraTech Cement, and Bajaj Finserv also ended lower. On the other hand, Nestle, HUL, HDFC Bank, TCS, and Infosys closed higher

The tobacco industry had sought "uniform additional compensation cess on cigarettes, compensation cess on bidis, additional compensation cess on smokeless tobacco products, or lower compensation cess on cigarette sticks up to 70 mm," sources stated.

With the World Cup 2023 beginning from Thursday, cricket fever is running high in the country as India is exclusively hosting the ICC WC after a 12-year hiatus. In all, 48 matches will be played over the next one and half months. The Indian stock markets will not remain untouched from the carnival as fans spend on hotel bookings, travel, and food & beverages.Brokerage firm Way2Wealth has identified its playing 11 which could potentially turn out to be the stock market's run machine.

The company's Capital Raise and Corporate Restructuring Committee authorised opening of the issue in the Board meeting held on Tuesday.

Piccadily Agro Industries Ltd. has surged by its daily limit in two sessions this week after its single-malt Indri Diwali Collector’s Edition won top prize at the Whiskies of the World Awards. The stock is now up 292% so far in 2023 with the push from the result of the annual US-based competition.

As a regulator, Buch said, we cannot afford to have one lakh of Indore-type investment advisors. “I have personally gone through and seen people being driven to suicide because of the bad things that happen in the market.” Citing that a large number of 35% of investment advisors are still not registered with the regulator, she said.

In the passenger vehicle segment, Maruti Suzuki India reported a 3% year-on-year (YoY) rise in wholesale sales, while Tata Motors reported a 5% decline, largely to enable a smooth transition to new generation models like Nexon and Nexon EV.

The stock market witnessed a noteworthy resurgence on October 3 as several major stocks made a remarkable move by crossing their 200-day Simple Moving Averages (SMA).

The stock market witnessed a notable upswing on October 3 as several midcap stocks showcased their strength by crossing their 100-day Simple Moving Averages (SMA).

The company's Capital Raise and Corporate Restructuring Committee authorised opening of the issue in the Board meeting held on Tuesday.

Brokerage firm InCred Equities is positive on several small and midcap stocks. These stocks include Ashok Leyland, Bharat Forge, Dalmia Bharat, Globus Spirits and Spandana Sphoorty Financial. Here's a list of 11 small and midcap high-conviction stock ideas from InCred Equities:

SKI has also successfully filed a draft red herring prospectus for two SME initial public offerings as the lead manager. Saket Seven Star Industries Limited is slated to be listed on the Emerge platform of NSE and Karma Ecotech Limited will be listed on BSE's SME platform, the release stated.

Sometimes the rationale goes against owning a set of stocks when a bull run is just starting, the same rationale is applicable to buying the same stocks when there is a high risk of correction in stock markets. Largecap FMCG stocks because of both fundamental and technical reasons like overall shareholder patterns fall in that category of stocks that should be owned at a time when overall markets are prone to correction. The fact that today on October 4th, among the stocks that can be seen trading in green are stocks like Nestle, Britannia, and HUL all from this FMCG sector. ET screener powered by Refinitiv’s Stock Report Plus lists down mid and smallcap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy”.

In a day marked by remarkable market activity, several small-cap stocks achieved unprecedented milestones by reaching new all-time highs on October 4.

In the eurozone, Frankfurt's DAX index fell 0.7 percent to slip under the 15,000-point mark for the first time since March and the Paris CAC 40 shed 0.5 percent to 6,963.47.

"People do shaanapanti (smartness) where one is not involved but wife is doing. There is second source of income. Haathi ke daanth khaane ke kuch aur, aur dikhaane ke kuch aur," says SEBI Chairperson Madhabi Puri Buch on regulation of RIAs.

ETMarkets analysed companies that experienced a doubling of sales numbers in the three fiscal years, while also reducing their debt levels to less than half during the same time. What adds to this achievement is the fact that these companies never incurred losses during this time frame. Our focus was on companies with a current market capitalization exceeding Rs 1,000 crore, and we found 25 such companies within the BSE universe meeting these criteria. Intriguingly, all of these stocks have delivered positive returns in FY24 thus far, with most of them yielding at least a 25% return. We've highlighted five stocks that not only meet all the criteria but have also generated a remarkable 50% or more price return in FY24, this includes two multibaggers too (Data Source: ACE Equity).

The dollar fetched 149.25 yen, against 148.85 yen in New York late Tuesday, after the greenback briefly rose above 150 yen for the first time in a year.

​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 strength of wage growth, asset price inflation, and the lingering impact of the post-Covid dole-outs have kept household demand above potential, thereby sustaining the high inflation. Additionally, the federal government fiscal expansion, rising 61% YoY to $1.52 trillion (Oct’22-Aug’23, projected at $1.9 trillion in FY24), is creating another round of demand impulses.

The list also contains a count of analysts evaluating each banking stock for the next 12 months. For the purpose of this report, we have filtered out stocks wherein the count of analysts is up to 40 and upside potential is up to 31%.

Maruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.

Exposure to low-volatility stocks reduces drawdowns of the portfolio during bear markets. According to Prabhudas Lilladher PMS, stocks like Bajaj Auto, Crisil, ITC and Cipla are among the quant-based quality and low volatility stocks.Here's a list of 10 quant-based quality and low volatility picks from Prabhudas Lilladher PMS:

Over three 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 3, Tuesday. 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.

Its total business surged 22.8% on a year-on-year (YoY) basis to a provisional Rs 4,22,419 crore while deposits increased 22.2% to Rs 2,39,306 crore. Its current account and savings account (CASA) deposits registered growth of 10.1% to Rs 1,21,345 crore compared with the year-ago period.

The board of directors of Nestle India will consider the proposal of sub-division of shares of the company of face value Rs 10 each on October 19. This proposal will be considered along with the earnings for the September quarter.

Maruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.

The stock rose from Rs 228 as of 30 August 2023 to Rs 297 which is the record high registered on 29 September 2023. The upside translates into a rally of about 30% in a month.

The 10-year benchmark bond yield was at 7.2442% as of 10:00 a.m. IST after hitting 7.2612%, its highest since April 18, earlier in the session. The bond closed the previous session at 7.2327%.

Dr. Reddy’s Laboratories’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 5300 and 5600. Let’s plan a trade around this.

While the repo rate and the stance of “withdrawal of accommodation” may be left unchanged, the tone of the central bank is likely to be slightly hawkish, particularly on the inflation front, in the backdrop of the current domestic and global environment.

Metro Brands is India’s one-stop-shop footwear retailer, with offerings across genres and for all occasions. The company looks well positioned to capitalize on the emerging growth opportunities in footwear retailing given its focused approach, contemporary designs, and sustained launch of new licensed brands, says Vikram Kasat of Prabhudas Lilladher.

Jefferies maintained a buy rating on HDFC Bank with a target price of Rs 2030. The management rejig was aimed to enhance focus on execution.

GIFT Nifty on the NSE IX traded higher by 9.5 points, or 0.05 per cent, at 19441, signaling that Dalal Street was headed for muted start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

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 Avenue Supermarts and PNB, while Nooresh Merani has a buy/sell recommendation on Indigo and SBI for today's trading session. Check out the targets and stoploss.

IRFC has outperformed not just Nifty50 which has given 13% returns, but has also left behind many of its peers by a huge margin, namely Ircon International (259%), RITES (42%), RailTel (106%), Texmaco (11%) and Titagarh Rail (65%). It is trailing Rail Vikas Nigam (RVNL) which has yielded 379% returns during this period.

From the Sensex stocks, Maruti, UltraTech Cement, Bajaj Finserv, Tata Steel, and HDFC Bank opened lower, while only Nestle India and HUL opened higher.

India VIX was up by 2.95% from 11.50 to 11.78 levels in the previous trading session. Volatility was slightly on the rise and made the market move in a choppy manner with the absence of strength to the bulls.

Sensex tanks over 400 points, Nifty near 19,400; UltraTech falls 3%, Nestle gains 2%; Hindustan Liver, Bajaj Finance are some of the gainers in the morning trade.

The headline index closed with a loss after a listless day.

Metro Brands has created a pure retailing model in footwear with 766 stores across segments, price points and geographies with brands like Metro, Mochi, Walkaway, Crocs and Fitflop. Further, Metro Brands recently marked its entry into the sports and athleisure segment through the acquisition of Cravatex Brands. It has acquired the license for the popular brand FILA for India and plans to scale this up like it had done with Crocs in the past.

ETMarkets did a further analysis of stocks that have given positive returns to investors consistently in October in the last three years.