The stock market brought notable developments on September 29 with several large-cap stocks demonstrating their vigor by crossing their 50-day Simple Moving Averages (SMA).

In a day filled with optimism in the stock market, several midcap stocks surged to new 52-week highs on October 3.

Equity benchmark indices Sensex and Nifty declined on Tuesday amid unabated foreign fund outflows and sluggish Asian market cues. Fall in index majors HDFC Bank and Reliance Industries also dragged the benchmark indices lower. The 30-share BSE Sensex declined 316.31 points or 0.48 per cent to settle at 65,512.10. During the day, it fell 483.82 points or 0.73 per cent to 65,344.59. The Nifty fell 109.55 points or 0.56 per cent to end at 19,528.75.

The stock market exhibited signs of strength and resilience on September 29 as several large and midcap stocks crossed their 200-day Simple Moving Averages (SMA).

The stock market witnessed a surge in optimism today, October 3, as several midcap stocks achieved historic milestones by reaching new all-time highs.

From the Sensex pack, Maruti, Sun Pharma, and NTPC were the top laggards, falling 1.5-2.5%. Tata Motors, ICICI Bank, HDFC Bank, and Reliance Industries also ended in the red. On the flip side, Bajaj Finance, L&T, Bajaj Finserv, and Titan closed in the green.

Profit margin plays a pivotal role as a key financial metric, offering essential insights into a company's financial health and operational efficiency by assessing how much of its earnings relate to total revenue. A higher profit margin indicates that a company is more effective at controlling costs and generating profits from its operations. ETMarkets conducted an analysis of smallcap stocks that consistently maintained a profit margin exceeding 15% over the past three fiscal years. Initially, this screening process identified 75 stocks within the smallcap category, with the majority of these stocks yielding a price return of over 25% in FY24 thus far. We have identified 10 smallcap stocks that have proven to be multibaggers, doubling investors' wealth within just the first six months of FY24.

Shares of Chalet Hotels Ltd. climbed as much as 7.1% to a record high ahead of the Cricket World Cup 2023, with a note by Jefferies analyst Prateek Kumar saying hotel fares have shot up by 150% on average for India match days. Lemon Tree Hotels and EIH Ltd. also traded higher.

The stock market marked a significant day on September 29 as several large-cap stocks exhibited strength by crossing their 100-day Simple Moving Averages (SMA).

Despite a healthy listing pop, analysts remain optimistic about the company's prospects in the long run and advise investors to hold on to the stock.

While it might not have made it to the headline, some management in their recent concalls have indicated that after its re-opening China has seen a sudden spike in the production of some chemicals which has led to sharp drop in prices. Especially in segments like agrochemicals, there has been pressure on prices. Now the issue is just because they are called chemical companies, they tend to be clubbed together. The fact is that each chemical company operating matrix is so different that it can be called an industry in itself. We look at the stocks where analysts have “hold” recommendation at a time when Chinese headwinds are blowing.

This comes after JSW Infrastructure's listing on the exchanges earlier today, which is a first from the group in nearly 13 years since JSW Energy debuted in 2010.

While it might not have made it to the headline, some management in their recent concalls have indicated that after its re-opening China has seen a sudden spike in the production of some chemicals which has led to sharp drop in prices. Especially in segments like agrochemicals, there has been pressure on prices. Now the issue is just because they are called chemical companies, they tend to be clubbed together. The fact is that each chemical company operating matrix is so different that it can be called an industry in itself. We look at the stocks where analysts have “hold” recommendation at a time when Chinese headwinds are blowing.

The domestic brokerage said that it has assessed the probable changes to the MSCI India standard Index assuming the price cut-off date of September 29, 2023.

BLS International is an Indian outsourcing service provider for government and diplomatic missions worldwide. Shares of BLS International Services are under pressure after Indian visa services in Canada were suspended amid a diplomatic dispute between the two countries.

The October 2023 concentrated All-Season Portfolio consists of stocks viz. Nestle India, Cipla, Bajaj Auto, Tata Consultancy Services (TCS) and Infosys. Apart from ITC, NTPC also made an exit from its portfolio and replaced it with Cipla.

Vedanta Ltd's parent company Vedanta Resources Ltd (VRL) has debt repayments worth $1.3-1.4 billion to make in the next six months, including bond payments of $1 billion in January 2024. In FY25, there are debt obligations worth $3 billion, besides interest-servicing requirements, according to various brokerage estimates.

The Nifty auto index was one of the worst performing sectors and fell 0.87% and was trading at 16,042.85. In the 15 stock index only three advanced at 10:15 pm while the remaining declined.

Shares of JSW Infrastructure, a part of JSW Group, on Tuesday listed with a premium of over 20 per cent against the issue price of Rs 119. The stock made its debut at Rs 143, registering a jump of 20.16 per cent from the issue price on the BSE. Later, it rallied 30.16 per cent to Rs 154.90. "Would like to list 2-3 more JSW companies", JSW Group Chairman and MD Sajjan Jindal told ET Now.

The Nifty put up a fight to advance and hold ground. It had to cede some space but ended in the green zone.

In Q1FY24, the company reported a consolidated net profit of Rs 101 crore. It was down 96% from Rs 2,433 crore reported in the corresponding quarter of last year. Revenue from operations during the quarter also fell marginally to Rs 1,348 crore, compared with Rs 1,378 crore in the corresponding quarter last year. Revenues dropped 20% quarter-on-quarter.

In a novel, unique and constructive move it has invited three of the main industry associations to together form an Industry Standards Forum which will assist in designing the implementation standards for some of the proposed regulations.

“Escorts Kubota stock has been continuously making higher lows for six months which suggests that base is shifting higher. Traders can buy for a target of Rs 3450 in the next 2-3 weeks with a stop loss at Rs 3232,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

The natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a simplified corporate structure, while boosting the valuations of the diversified businesses.

Over five 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 September 29, Friday. 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.

RVNL said in an exchange filing that it emerged as the lowest bidder for the development of distribution infrastructure at the South Zone of Himachal Pradesh under the Revamped Reforms based and Results-linked, Distribution Sector Scheme (loss reduction works). The project worth Rs 1,098 crore will be executed within 24 months.

After 6 months of relentless rally, mid-cap stocks are witnessing some correction. Will this correction last longer would depend on two things, first earnings in this space and second foreign institutional investor ( FII) flows over next two months. At this point of time analysts are bullish on select midcap stocks, ones which have seen their score improving. Stocks from sectors like sugar, healthcare and logistics 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 which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The 5 new companies will be named Vedanta Aluminum, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials and Vedanta Base Metals. Vedanta will act as an incubator for Vedanta Group, while also functioning as the holding company for Hindustan Zinc.

In March 2023, when Nifty started to recover, the mid and smallcap indices were still under selling pressure. But in April, when the headline index gained 4%, the midcap index advanced over 5% while smallcaps gained 7%.

However, a counterbalancing factor has been central banks increasing their gold reserves while reducing their holdings of US treasuries. This has contributed to gold's resilience in the face of these challenges.

JSW Infrastructure has priced the issue in the range of Rs 113-119 per share. The IPO, which is entirely a fresh equity issue of Rs 2,800 crore, was subscribed 37 times at close.

The IPO of Vaibhav Jewellers was fully subscribed on the last day of the bidding process. The overall subscription stood at 2.25 times at close. The issue was priced in the range of Rs 204-215. The IPO comprised a fresh issue of Rs 210 crore and an offer for sale (OFS) segment of up to 28 lakh equity shares. The company has raised about Rs 270 crore through the public offer.

Apollo Pipes has an aggregate installed capacity of 1,36,000 tonnes, with facilities in Dadri, Sikanderabad, Ahmedabad, Raipur and Bengaluru that manufacture PVC, CPVC, HDPE pipes, bath fitting, solvent cement and water tanks.

Short to medium-term traders can look to buy the stock for a target of Rs 5650 in the next 1-2 months, they say.

Investors often struggle with the unpredictability of financial markets. And that is true because no crystal ball can predict the next market move. However, what if we tell you that there is a way through which you could analyse when to dive into specific sectors for maximum returns?

The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19600 levels on Friday.

An analysis of the performance of stocks with a market capitalization of over Rs 1,000 crore showed that there were five such stocks which gave double-digit returns in each of the last six months and even turned multibaggers in H1FY24.

The MCX December gold futures were trading down by Rs 914 or 1.59% from the Friday closing price at Rs 56,686 per 10 gram on the MCX while the December Silver futures were trading at Rs 66,304 per kg, lower by Rs 3,553 or 5.09%.

Indian equity indices opened lower on Tuesday due to concerns about US interest rates and persistent selling by foreign institutional investors (FIIs). The sustained FII selling, rising dollar index, and US bond yields are major headwinds for the market, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. On the positive side, the recent decline in Brent crude prices could encourage buying.

Sensex falls 300 points, Nifty below 19,550; Vedanta jumps 4%, BLS drops 4%; Rail Vikas Nigam, Union Bank of India, Housing and Urban Development Corporation are some of the gainers in the morning trade.

Emkay initiated coverage on Dabur India and InCred also initiated coverage on the EMS industry.

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 Titan and Coal India, while Nooresh Merani has a buy/sell recommendation on GAIL and SBI for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks, four 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 September 29.

Equity markets closed the month of September on a high with both Sensex and Nifty, rising 0.5% each on Friday. Analysts say the market is facing stiff resistance at higher levels due to insipid liquidity and a lack of triggers to overcome the bears.Here are four technical picks that can rally up to 27% in the near term

In the Nifty500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on September 29, 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.

GIFT Nifty on the NSE IX traded higher by 26 points, or 0.13 per cent, at 19587.5, signaling that Dalal Street was headed for negative start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.

Despite considerable progress, she said, "Inflation continues to be too high, and I expect it will likely be appropriate for the (Fed) to raise rates further and hold them at a restrictive level for some time."

Stocks that were in focus included names like Tata Investment, which fell 4.67%, Emami, which rose 4.35%, and Jet Airways, whose shares jumped 5% on Friday.

"Trading in the shares of China Evergrande Group will be resumed at 9:00 am today," the statement said.

Fed Governor Michelle Bowman said she remains willing to support another increase in the central bank's policy interest rate at a future meeting if upcoming data shows progress on inflation is stalling or proceeding too slowly.