FPI purchases saw a sharp slowdown in the September quarter, as they net invested just Rs 21,900 crore or $2.6 billion in the secondary market, after pumping in Rs 1.02 lakh crore ($12 billion) in the preceding quarter, data by StockEdge showed.

Commenting on the rally, analyst Jigar S Patel said that today's gains have taken the stock to its all-time high of Rs 1,911 and the counter looks lucrative due to its recent upward move. However, he advised investors to remain cautious since the weekly MACD looked exhausted.

Shares of Kolkata-based smallcap Jai Balaji Industries, which manufactures iron and steel products like TMT bars, are up 475% to top the multibagger list. Similarly, shares of another smallcap GVK Power & Infrastructure are up 300% so far in Q2 following a 50% rally in just two weeks.

However, Sandeep Raina, executive vice president - research, Nuvama Professional Clients Group, believes that much of the concerns are abating and that the stock can be good contra play for long-term investors.

The stock rose from Rs 285 as of 18 September 2023 to Rs 338 recorded on 25 September 2023 which translates into an upside of over 18% in a week. The stock has rallied over 30% in a month – putting it in an overbought zone.

Global brokerage firm Morgan Stanely revised its price targets on IT stocks by 11-29%, led by roll forward, lower probability of bear case, and higher probability of bull case, and increased long-term earnings. Here's a list of 10 IT stocks on which Morgan Stanely increases price targets:

Any form of taxation, whether it's a stamp duty on real estate transactions or brokerage charges on stock trades, is usually unwelcome on part of the party paying the tax.

Analysts say the deal will help Xiaomi India leverage Dixon’s status of being cleared to receive sops under the government’s production-linked incentive (PLI) scheme for mobile manufacturing.

The NSE Nifty Dividend Opportunities 50 Index has rallied 22% this year while the NSE Nifty 50 Index advanced a tad below 9%, putting the gap between the two measures near a reading in 2010. “Investors are trying to buy a margin of safety as markets have already run up in the last 2-3 months,” said Rajesh Palviya, a strategist with Mumbai-based Axis Securities Ltd.

Yatra Online, a travel and travel-related services company, debuted on the stock market at a discount of 10.2% to the issue price of Rs 142. The IPO was subscribed 1.61 times on the last day of bidding, and the company raised Rs 62 crore in pre-IPO placement. Analysts believe Yatra is well-positioned to capture a significant share in India's growing travel industry. The Indian travel industry is expected to grow at a CAGR of 9-11% during FY23-28. In FY23, Yatra recorded revenue growth of 81% and a profit of Rs 7.6 crore.

Metropolis Health stock has corrected 19% from its 52-week high, which has turned valuations attractive. Expected improvement in profitability, company’s focus to clock mid-teen revenue growth, and stable RoCE makes the stock a good contra play for long-term investors, says Sandeep Raina of Nuvama Professional Clients Group.

As per the filing to the exchanges, the alleged shortfall relates to Delta Corp and its two subsidiaries, Highstreet Cruises and Entertainment Pvt. Ltd and Delta Pleasure Cruise Company Private Limited.

CLSA maintained a buy rating on ICICI Lombard with a target price of Rs 1550. Motor segment is picking up momentum with each passing month.

Tata Power Company’s daily trend is bullish to sideways. The RSI for daily is showing sideways momentum, however, the RSI for monthly and weekly are showing bullish momentum. Based on option chain analysis, the range is between 250 and 260. Let’s plan a trade around this.

After moving in a narrow range, the markets moved in a wider range on Wednesday. The Nifty opened weak but found space to climb a few notches before close.

From the Sensex pack, L&T, Bharti Airtel, Axis Bank, and Tata Steel opened in the green, while Tech Mahindra, Asian Paints, Bajaj Finance, and IndusInd Bank opened in the red.

Sensex rises over 100 points, Nifty above 19,700; ICICI Lombard drops 2%, NBCC jumps 3%.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on September 27, 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.

Over 40 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 27, Wednesday. 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)

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

On the options front, the maximum Call OI is placed at 19800 and then towards 19900 strikes while the maximum Put OI is placed at 19600 and then towards 19700 strikes.

In the NSE list of stocks, four stocks with a market cap of over Rs 500 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 27.

Dollar/yen hit 149.71 on Wednesday and traded at 149.40 on Thursday in Asia. The euro dropped 0.7% to a nine-month low of $1.0488 on Wednesday and last bought $1.0511. It is down more than 3% in September to eye its largest monthly fall on the dollar since April 2022.

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 BHEL and Granules India, while Nooresh Merani has a buy/sell recommendation on ONGC and Axis Bank for today's trading session. Check out the targets and stoploss.

In the Nifty500 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on September 27, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.

On Thursday, trading in shares of China Evergrande were suspended after a report that its chairman had been placed under police surveillance, stoking concerns over the developer's future as it struggles with a growing threat of liquidation, Reuters reported.

Stocks that were in focus included names like REC, which rose 6.06%, Suzlon Energy, which dropped 1.54%, and Hudco, whose shares jumped 2.63% on Wednesday.

GIFT Nifty on the NSE IX traded 20 points, or 0.10 per cent, higher at 19,844.5, signaling that Dalal Street was headed for positive start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

A possible shutdown has added to worries for stock investors as they grapple with benchmark Treasury yields that have climbed to 16-year highs after the Federal Reserve last week signaled a hawkish long-term path for interest rates.

KP Energy has commissioned a further 10.5MW (Phase-V) ISTS connected wind power project comprising 5 numbers of WTGs of 2.1MW each at Sidhpur site in Devbhoomi Dwarka.

"Union Bank of India looks very interesting. The stock is exhibiting multiple positive patterns on the monthly charts. Traders can buy for a target of Rs 140 in the next 12-15 months and a stop loss can be placed below Rs 90,” Gaurav Bissa, VP, InCred Equities, said.