Japan's Nikkei share average reached a two-week high, driven by Fast Retailing's gains. Despite caution among investors during the earnings season, the index closed higher. Fast Retailing recorded a 6.1% jump due to its third consecutive year of record profits. Chip-related shares also performed well, while firms like SoftBank Group and Toyota Motor saw declines.

India's total demat accounts reached 175 million in September 2024, with an increase of 4.4 million accounts for the month. This brings the average monthly addition to 4 million for the year-to-date FY25.

Dussehra, a major festival in India, symbolizes a fresh start—much like the victory of good over evil. The festive spirit and optimism usually foster a positive market outlook. It’s a time when many investors reassess their portfolios and set new goals for the months ahead. On the eve of Dussehra, ETMarkets analyzed small-cap stocks and found that since last year’s Dussehra, the majority of them have delivered over 25% returns, with 167 stocks becoming multibaggers. Notably, 33 of these stocks have more than tripled investor wealth. We have highlighted the top 10 stocks that gained over 300% from last Dussehra to this Dussehra.

Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.

Bandhan Bank Share Price: Shares of Kolkata-based Bandhan Bank rose by 9% following RBI's approval of Partha Sengupta as the bank's new MD & CEO, with his tenure starting no later than November 10, 2024. The forensic audit related to insurance claims has been completed. Nearly 85% of the total insured portfolio under the CGFMU scheme has been repaid.

Ipca Laboratories Ltd hit a fresh record high in October 2024, breaking a 2-week consolidation. Experts suggest the rally may continue, with short-term traders targeting Rs 1,650-1,680 in 1-2 months. The stock has been on an upward trend, trading above key moving averages. Traders are encouraged to buy, with a stop loss below Rs 1,450.

IREDA share Price: Shares of IREDA rose 3% following a 36% increase in net profit to Rs 388 crore for Q2FY25. Revenue from operations also saw a significant rise of 38%. The company's expenses, however, increased by 47%. Shares closed at Rs 232.70, up 0.68% from the previous trading session.

Tata Elxsi reported a 14% growth in consolidated net profit, reaching Rs 229 crore for the second quarter, compared to Rs 200 crore in the same quarter last year. Revenue from operations also increased by 8% year-on-year to Rs 955 crore, up from Rs 882 crore. On a sequential basis, profit rose by 27%, while revenues increased by 3% quarter-on-quarter.

Tata Consultancy Services (TCS) has reported a challenging Q2, prompting mixed reactions from brokerage firms. Citi and JPMorgan have both revised their target prices downwards, but their outlooks diverge on the stock's potential.Tata Consultancy Services (TCS), reported a 5% growth in its consolidated net profit on Thursday, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the year-ago period.Also Read: TCS Q2 Results: Profit rises 5% YoY to Rs 11,909 crorehttps://economictimes.indiatimes.com/markets/stocks/earnings/tcs-q2-results-profit-rises-5-yoy-to-rs-11909-crore-misses-estimates/articleshow/114119023.cms?from=mdrWe have collated analyst/brokerage views from ETNow and other sources on TCS post Q2 results:

Indian stock indices Sensex and Nifty opened lower on Friday due to a profit miss by Tata Consultancy Services, impacting banking and financial stocks. Additionally, higher-than-expected U.S. inflation data for September raised concerns about the likelihood of further interest rate cuts this year.

TCS reported a 5% growth in Q2 net profit to Rs 11,909 crore, falling short of expectations. Revenue increased 8% YoY. Analysts hold mixed views; JPMorgan and Nuvama maintain 'Buy' ratings, while Citi and Investec advise 'Sell' due to ongoing client-specific issues.

Tata Elxsi reported a 14% growth in consolidated net profit, reaching Rs 229 crore for the second quarter, compared to Rs 200 crore in the same quarter last year. Revenue from operations also increased by 8% year-on-year to Rs 955 crore, up from Rs 882 crore. On a sequential basis, profit rose by 27%, while revenues increased by 3% quarter-on-quarter.

Hyundai Motor India's upcoming IPO is set to intensify competition in the Indian auto industry, particularly impacting Maruti Suzuki. With a strong product lineup and premium positioning, Hyundai's offering is expected to pressure rivals to innovate, potentially driving a sector-wide re-rating and attracting significant global investor interest.

Tata Consultancy Services (TCS), India's leading software exporter, will be in the spotlight on Friday following its report of a 5% growth in consolidated net profit, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the same period last year. However, this profit fell short of analysts' expectations, which had estimated Rs 12,450 crore.

Mutual funds have been actively adjusting their portfolios in the second quarter (Q2) of FY25, increasing their stake in several large-cap stocks within the Nifty200 index. Based on StockEdge data, here are 10 such stocks where mutual funds increased their holdings in Q2:

Nifty futures gained 0.17% to 25,126. Options data indicates a broader trading range of 24,600 to 25,500, with immediate resistance at 25,150. Analysts suggest that maintaining below 25,150 could lead to weakness toward 24,850.

Jane Street accused Millennium and former traders of stealing the “immensely valuable” strategy, causing significant losses. But lawyers for the defendants said in a previously sealed motion released Monday in redacted form that Jane Street’s India options team posted record results in the months after the traders left to join Izzy Englander’s hedge fund group.

On October 10, five stocks from the Nifty500 pack appeared in the bullish scanner for "White Marubozu," according to StockEdge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period and the closing price is the highest.Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret this pattern as a signal that buyers were in control from the opening to the closing, often using it to make informed decisions about future price movements in financial markets.

On October 10, four stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to StockEdge.com data. An uptrend signal is indicated when the RSI value crosses above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the stock's price. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Infosys, Wipro and HCL Technologies face high expectations amid investor concerns over a potential market correction. The 2025 financial year is seen as a recovery period for Indian IT firms after a slowdown in US client spending. All eyes will be on upcoming earnings reports and updates on significant projects, especially in AI.

Shares of IREDA are expected to gain attention following a 36% increase in net profit to Rs 388 crore for Q2FY25. Revenue from operations also saw a significant rise of 38%. The company's expenses, however, increased by 47%. Shares closed at Rs 232.70, up 0.68% from the previous trading session.

Anand Rathi Wealth's shares remain in focus as its Q2FY25 net profit surged 32% to Rs 76 crore and revenue hit Rs 250 crore. The company announced an interim dividend of Rs 7 per share and saw a 57% YoY growth in AUM to Rs 75,084 crore.

Khyati Global Ventures is set to debut on the stock exchange this Friday. The company, an exporter of FMCG products, plans to use its IPO proceeds for working capital and corporate purposes. Though it had no grey market premium pre-listing, Khyati operates efficiently with an asset-light model and exports to over 40 countries.

The Reserve Bank of India approved Partha Pratim Sengupta as MD and CEO of Bandhan Bank for three years. He is expected to take charge by November 10, 2024. Sengupta was previously with State Bank of India and Indian Overseas Bank. Bandhan Bank completed a forensic audit related to insurance claims and expects a payout of Rs 1,231.29 crore.

Mazagon Dock shares are in focus due to a Rs 121 crore order from MAHAGENCO for an AI-based project. Shares rose over 8% following defense deals worth Rs 80,000 crore approved by the CCS, including the purchase of Predator drones and construction of nuclear submarines.

In the Nifty500 pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 10, 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. Take a look:

“Exide Industries stock has bottomed out with noticeable volumes from the last one week which indicates buying interest emerging in this stock which will take it higher. Traders can buy for a target of Rs 540 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Domestic markets closed lower despite the RBI hinting at a rate cut. TCS is showing strong technical resilience and poised for an upward reversal, making it a 'buy on dips' candidate. Natco Pharma is in a healthy consolidation phase with potential targets of Rs 1,650–1,720.

China's stock market opened lower on Friday as investors await potential fiscal stimulus announcements from a finance ministry press conference scheduled for Saturday, following a week of slowed momentum despite recent gains from earlier stimulus measures.

Wall Street's indexes fell as investors examined higher-than-expected inflation and jobless claims for clues on the economy and interest rates. The Dow, S&P 500, and Nasdaq recorded losses. Rising oil prices boosted energy shares, while airlines and Pfizer declined. Traders anticipate a probable Federal Reserve rate cut in November amid mixed signals from economic data.

Billionaire Warren Buffett's Berkshire Hathaway sold 9.5 million Bank of America shares this week, lowering its stake to below 10%. Berkshire has been reducing its holdings since mid-July, having initially invested $5 billion in 2011. Investors will await quarterly reports for further updates.

Support for Nifty is now seen at 24,950-25,000 and 24,750. On the higher side, immediate resistance is at 25,100 levels and the next resistance zone is at 25,250-275 levels, Tejas Shah of JM Financial & BlinkX.

A gauge of US-listed Chinese companies advanced Thursday, echoing gains in China in the prior session, as investors shifted their focus to a key meeting on fiscal policy this weekend. Hong Kong markets are closed for a holiday on Friday.

Mazagon Dock Shipbuilders announced the receipt of a purchase order from Maharashtra State Power Generation for the supply, installation, and commissioning of an AI-based project.

It was probably the third time in the last nine months that, after its monetary policy meeting, the RBI had a word of caution for NBFCs. Basically, they were warned to set their houses in order, and not resort to aggressive lending practices. The key message: NBFCs should keep an eye on how the money they lend is being used. The RBI’s concern stems from the fact that too much leverage money is coming into the equity markets – especially in the futures and options (F&O) segment. Should this warning be taken as a sign that more tightening is coming? Or is there a different way to look at it? Perhaps there is – at least in the medium term.

A study by ETIG has shown that two out of three times over the past 10 years, the outgoing stock has either outperformed or matched the performance of the incoming stock in the Nifty.

Partha Pratim Sengupta will become the new managing director and CEO of Bandhan Bank. The Reserve Bank of India has approved his appointment for three years starting no later than November 10, 2024. The bank also completed a forensic audit on its insurance claims, resulting in a payout of Rs 1,231.29 crore.

Irdai is intensifying scrutiny of cybersecurity lapses in the insurance sector following a major data breach at Star Health Insurance. Over 31 million customers' data was compromised. The regulator has mandated an extensive audit of Star Health's cybersecurity framework. The audit aims to identify control gaps and recommend measures to prevent future breaches.

The Reserve Bank of India has shifted to a 'neutral' policy stance, increasing expectations of a rate cut in December. Most financial institutions anticipate a 25 basis point cut. Market participants will closely monitor inflation and growth indicators. The RBI's decision provides flexibility for potential rate easing as inflation remains within legal limits.

The QIP attracted investors such as GQG Partners, Quant Mutual Fund, SBI General Insurance, SBI Life Insurance and HDFC Life Insurance along with a few ultra-high net worth individuals, the people said.

Tata Investment Corporation, TRF, Tata Teleservices (Maharashtra), Tata Chemicals, Automobile Corporation of Goa, Tata Elxsi, Tejas Networks, Nelco, Automotive Stampings & Assemblies, Tata Technologies, Tata Power Company, Rallis India, and Indian Hotels Company gained between 3% and 15% on Thursday.

Select stocks gain momentum even in volatile markets.

Exide Industries Ltd stock, having dipped 16% from its June 2024 peak, is now bottoming out. Experts recommend short-term traders buy for a target of Rs 540 within 2-3 weeks. The stock has already more than doubled investors' wealth in the past year. Positive market trends ahead of the festive season could support this recommendation.

Indian indices closed slightly higher on Thursday, with financial stocks gaining and IT shares declining. However, higher-than-expected US inflation data may negatively impact Friday's trade. Analysts predict a sideways trend with support at 24,950-24,900 and resistance at 25,150-25,400.

Indian headline indices opened higher on Thursday, buoyed by global cues hinting at more US rate cuts, but ended the day near its lows after failing to sustain gains. They were weighed down by the pharma, IT and healthcare stocks. The Nifty50 index closed at 24,998.5, down by 0.07% or 16.5 points while the Sensex ended 0.18% higher at 81,611.4, up by 144 points.The index remained largely sideways throughout the day as the 25,000 level was mostly held, Rupak De, Senior Technical Analyst at LKP Securities. said, commenting on the day's action. Decoding the Nifty chart structure, De said that Nifty has been failing to reclaim 50-EMA for the last two days which indicates prevailing weakness. "On the lower end, support is placed at 24,950–24,900. A fall below 24,900 could trigger a correction toward 24,750–24,700. On the other hand, resistance is seen at 25,150, and a move above this level could push the index towards 25,350–25,400 in the short term," De said.Here are 3 stock recommendations for Friday:

Goldman Sachs sold 6.5 lakh shares in Ideaforge Technology for Rs 43 crore, while Citigroup bought 6.65 lakh shares for Rs 44 crore. Ideaforge shares ended down 1% at Rs 678. It is a vertically integrated company that designs, develops, and manufactures UAVs.

On Thursday, India’s benchmark index, the Sensex, gained about 144 points, closing at 81,611. During this surge, seven stocks from the BSE healthcare index reached their 52-week highs. A 52-week high represents the highest price a stock has reached in the past year, providing valuable insights for traders and investors to evaluate its current value and forecast future potential.

Wall Street's main indexes fell at the open on Thursday, after data showed U.S. inflation was higher than expected in September, keeping the Federal Reserve on track to ease interest rates by 25 basis points at its next meeting.

Markets regulator Sebi on Thursday extended the deadline to implement guidelines mandating the direct pay-out of securities to clients' demat accounts to November 11. This rule was originally set to take effect on October 14.

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Thursday's trading session, five stocks saw short covering. Here's the list: