Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday's trading session, five stocks witnessed a long unwinding. Here's the list:

Nifty formed an inside day pattern, indicating sideways movement. Bears are in control, using pullback rallies to create short positions. Support at 24,950-25,000 and 24,750. Resistance at 25,100 and 25,250-275. Analysts suggest buying on dips, with a stop loss at 24,800.

Indian market witnessed selling pressure at higher levels on Thursday. The S&P BSE Sensex rose 144 points while the Nifty50 closed at 24,998, just below the 25,000 mark.

VMS TMT filed draft prospectus for IPO to raise funds for solar power plant, working capital, debt repayment, and general corporate purposes. Proceeds will also be used for backward integration and diversification into MS pipes.

Tata Consultancy Services (TCS) has declared a second interim dividend of Rs 10 per share, payable on November 5, 2024, with a record date of October 18, 2024. The announcement followed the release of Q2FY25 earnings, showing a 5% YoY increase in consolidated net profit to Rs 11,909 crore, falling short of analyst estimates.

JM Financial initiated coverage on ICICI Lombard and Star Health with buy ratings. Target prices were set at Rs 2,400 and Rs 750, respectively. The brokerage firm expects strong growth potential and return ratios for both companies.

Sensex closed with a 0.18% gain led by banking stocks amid optimism over potential U.S. rate cuts. Key gainers included Kotak Bank and HDFC Bank. Star Health dropped 2% following a cyberattack disclosure, while VA Tech Wabag rose 5% on securing orders from Reliance Industries.

Leading stock exchange BSE on Thursday acknowledged Ratan Tata's lasting influence on the nation's business landscape, saying "India has lost a pioneer, but not his legacy." In its condolence message on the death of Tata, BSE highlighted the industrialist's unparalleled contribution to Indian industry, noting that his visionary leadership continues to serve as an inspiration.

Indian equity indices Sensex and Nifty50 traded higher on Thursday, tracking Asian peers, after minutes from the Federal Reserve's latest policy meeting reinforced hopes of more U.S. rate cuts, which could likely trigger higher foreign inflows to emerging markets. Meanwhile, six large and mid-cap stocks from the Nifty 200 index reached new 52-week highs. Here's the list:

In the last few days, the prices of natural rubber have witnessed a sharp increase. This was not unexpected. Parts of Southeast Asia saw weather disturbances that led to a disruptions in production. Also there has been an increase in demand for natural rubber. These developments will raise questions about the margins of tyre companies. Will they come under pressure? Surely, yes. But does this mean these businesses are not worth owning? The answer: Probably no. This is a cycle which keeps repeating itself and the industry has evolved and matured in the last 10 years.

Ratan Tata, the visionary industrialist who shaped the Tata Group into one of India’s most influential conglomerates, passed away at 86. Tata Group stocks have been on an impressive rally, remaining a favorite on Dalal Street. In the past five years, the group has added Rs 22.42 lakh crore to its market capitalization, growing from Rs 10.75 lakh crore to Rs 33.17 lakh crore. Over the past five years, 22 group stocks have gained more than 100%, and here we spotlight the top nine Tata Group stocks that have provided investors with returns exceeding 500% during this time. (Data Source: ACE Equity)

Shares of Rain Industries surged 9% on Thursday, reaching a day’s high of Rs 180.75 on the BSE, following news that its wholly-owned subsidiary, Rain Carbon, has partnered with Northern Graphite to develop natural graphite battery anode materia

Vedanta, led by Anil Agarwal, cancels its board meeting due to unforeseen circumstances, causing a 2% drop in stock prices. The meeting, initially rescheduled, aimed to declare and approve the fourth interim dividend. No further details were provided regarding the cancellation.

India’s market seems “to be quite vulnerable in the near-term driven by record high relative valuations to China and emerging markets,” quant strategists Rupal Agarwal and Cheng Zhang wrote in a note Thursday.

Tata Consultancy Services (TCS) has postponed its press conference following the death of Tata Group's Emeritus Chairman Ratan Tata. Despite this, TCS will still report its quarterly results to the exchanges and hold a scheduled call with analysts. Ratan Tata passed away on Wednesday after being moved to intensive care.

The Tata Group has long been a beacon of integrity and success in India's corporate landscape, building immense shareholder wealth while maintaining ethical standards.The passing of Ratan Tata, the visionary leader behind the group's global expansion and success, marks a profound loss for India and the business world.Under his guidance, Tata Group stocks became multibaggers, creating significant returns for investors.The Tata Group continues to be a favorite among investors on Dalal Street, with the group adding an impressive Rs 22.42 lakh crore to its market capitalization over the past five years, further solidifying its position as a leading player in India's corporate world.

Shares of defense companies such as HAL, Bharat Dynamics, and Bharat Electronics surged over 3% on Thursday following the Cabinet Committee on Security's approval of defense deals worth Rs 80,000 crore. HAL's shares rose over 2% to Rs 4,492, BDL shares jumped over 3% to a day’s high of Rs 1,197, and BEL advanced 2% to Rs 287.

India Inc. honored Ratan Tata, who passed away at 86 late Wednesday night in Mumbai. Prominent industrialists, including Mukesh Ambani, Gautam Adani, and Anand Mahindra, paid tribute to his significant contributions to industry and society.

India’s market seems “to be quite vulnerable in the near-term driven by record high relative valuations to China and emerging markets,” quant strategists Rupal Agarwal and Cheng Zhang wrote in a note Thursday.

Shares of Tata Group companies, including Tata Chemicals and Tata Teleservices, saw gains up to 10 per cent after Ratan Tata passed away. Investors are encouraged to buy stocks of companies like TCS, Tata Motors, and Tata Steel. Scheduled events by Tata Consultancy Services have been adjusted following the news of Ratan Tata's passing.

The RBI indicated a shift to a neutral policy stance despite expectations of rate cuts. It emphasized domestic growth and inflation risks, citing weak real incomes and financial stability concerns in the BFSI sector. A potential rate cut needs slower retail lending and improved household savings.

During this period, Tata Group companies have delivered exceptional gains, with several stocks emerging as multibaggers. Noteworthy performances include Tata Teleservices (Maharashtra), which witnessed a staggering increase of 2,830%, and Automotive Stampings and Assemblies, which surged by 2,120%. Additionally, Tejas Networks experienced a growth of 1,365%, while Tata Elxsi recorded an increase of nearly 1,100%. Trent also saw a growth of 1,534%.

Kotak Institutional Equities has downgraded Tata Steel from 'Reduce' to 'Sell,' setting a target price of Rs 145, reflecting a potential downside of 9% from the previous closing price of Rs 159. The brokerage anticipates continued pressure on Indian and European steel spreads due to higher imports, a weak export market, and delayed cost benefits, despite recent Chinese stimulus measures.

Ratan Tata, one of India’s most esteemed business leaders, transformed the Tata Group into a global powerhouse. His leadership, ethical principles, and innovative business strategies provide invaluable insights for both aspiring entrepreneurs and seasoned professionals.The Tata Group announced late on Wednesday that Ratan Tata, the former chairman, has passed away at the age of 86.Here are 5 lessons from the visionary Tata Group leader:

IT stocks have delivered strong returns, with Coforge, LTIMindtree, and Infosys leading the gains over the past three months. As Q2FY25 earnings commence, Indian IT companies are expected to show single-digit revenue growth, and brokerages favor Infosys, HCL Technologies, and Persistent Systems.

Ratan Tata, who passed away at 86, led the Tata Group for 21 years, boosting revenues 46 times and profits 51 times. Under his leadership, Tata Group saw major international acquisitions, including Tetley, Corus, and Jaguar Land Rover. Tata Group's market capitalization grew significantly, and Tata Consultancy Services went public, raising $1.2 billion.

Shares of Tata Group companies remain in focus as former chairman Ratan Tata passes away at 86. Most Tata stocks trade higher, with Tata Elxsi and Tata Power leading gains. TCS and Tata Elxsi to announce Q2 earnings today.

Axis Capital believes that there is no respite on growth cuts for the company even as VinFast ramp-down headwinds ebb ahead.

Indian equity indices BSE Sensex and Nifty50 opened higher on Thursday due to gains from global peers. The rise is supported by the Federal Reserve's policy meeting minutes, which hint at potential US rate cuts. This anticipated ease in US monetary policy could lead to increased foreign inflows into emerging markets like India.

Piramal Pharma Ltd has doubled investors' wealth over the past year. After breaking out from a Rounding Bottom and forming a Flag pattern, experts suggest it could reach above Rs 300 in the next 6-7 months. The stock recently hit a high of Rs 244 and is now seen consolidating around Rs 200.

Axis Capital believes that there is no respite on growth cuts for the company even as VinFast ramp-down headwinds ebb ahead.

GR Infraprojects' shares surged 5.8% after winning a Rs 903.5 crore contract from Maharashtra Metro Rail Corporation for an elevated metro viaduct in Nagpur. The project, spanning 17.6 km, will be executed on an EPC basis, with a 30-month construction timeline, boosting the company's market presence.

On October 9, six stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Infosys shares are expected to attract attention on Thursday following the announcement of an expanded partnership with Microsoft to promote the global adoption of generative AI and Azure, Microsoft's cloud platform. Infosys will serve as a strategic supplier for cloud and AI workloads for Microsoft’s enterprise customers.

Gold prices have been witnessing some profit booking in the last few sessions. In the last one week, gold prices witnessed a decline of Rs 1,200/10 gram while silver prices were down by Rs 3,800/kg in the same time.

On October 9, 10 stocks from the Nifty500 pack came to the bullish scanner of "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 it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Indian equity indices BSE Sensex and Nifty50 opened higher on Thursday due to gains from global peers. The rise is supported by the Federal Reserve's policy meeting minutes, which hint at potential US rate cuts. This anticipated ease in US monetary policy could lead to increased foreign inflows into emerging markets like India.

Brokerage firms have issued varied ratings on several stocks: HSBC and Jefferies maintain buy ratings on Varun Beverages and GMR Airports, respectively. Bernstein has an outperform call on PB Fintech, Axis Capital rates Tata Technologies as reduce, and UBS initiates a buy on 360 One, reflecting a mix of optimism and caution in the market.

Larsen and Toubro (L&T) shares will be highlighted on Thursday following a contract award from Rashtriya Chemicals and Fertilisers (RCF) for the establishment of a 1200 MTPD complex fertilizer plant at RCF, Thal, on a lumpsum turnkey basis.

Foreign institutional investors (FIIs) are typically major corporations that invest in countries outside their home base. Based on StockEdge data, here are nine large-cap stocks from the Nifty 200 index where FIIs increased their stake in Q2:

GR Infraprojects has secured a Rs 903.5 crore contract from Maharashtra Metro Rail Corporation for an elevated metro viaduct in Nagpur. The project spans 17.6 kilometers and includes special railway spans and a six-lane double-decker segment. The construction will be done on an EPC basis within 30 months. GR Infraprojects shares have surged 44% in 2024.

The Indian market is expected to consolidate on Thursday, influenced by mixed global cues. The Nifty futures experienced a slight decline of 0.05%, closing at 25,119. Key options data indicate maximum Call OI at 25,500 and 26,000 strikes, while maximum Put OI is at 24,000 and 24,500. Analysts suggest a broader trading range of 24,600 to 25,500, with immediate levels between 24,800 and 25,300.

Ratan Tata, the visionary former chairman of Tata Group, died at 86. He transformed the conglomerate during his 20-year tenure with global acquisitions including Tetley, Corus, Jaguar, and Land Rover. Despite some controversies, his leadership brought significant growth and he became a notable investor in Indian startups.

Tata Group shares are in focus as former chairman Ratan Tata passed away at age 86. He was a pivotal figure in the company’s history. Tributes pour in from industry leaders and Prime Minister Modi. Shares of Tata Motors, Tata Steel, and Tata Consultancy Services have risen significantly in 2024. Tata companies will begin reporting second-quarter earnings today.

Tata Elxsi's Q2 results are anticipated to show an 8% growth in net sales to Rs 956 crore and a 21% QoQ jump in net profit to Rs 223 crore. Analysts are keenly watching demand outlook, especially in SDS, transportation, media, and communications verticals.

“Infosys stock has consolidated in a range in the last couple of weeks which seems to be time wise correction within an uptrend. Traders can buy for a target of Rs 2070 in the next few weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Shares of IREDA will be in focus as the company announces Q2FY25 earnings today. Expected net profit is Rs 410 crore, a 44% YoY increase, while NII may rise by 45% to Rs 522 crore. Loan sanctions jumped 303% to Rs 17,860 crore.

Warren Buffett's Berkshire Hathaway raised 281.8 billion yen ($1.9 billion) by issuing seven-tranche yen-denominated bonds, with the largest 3-year tranche raising 155.4 billion yen. This marks the largest yen-denominated bond issuance for Berkshire since 2019. Proceeds will be used for general corporate purposes.

Shares of Tata Consultancy Services will draw attention as it reports its second quarter earnings. Analysts predict a 1.2-2.6% sequential revenue growth and an 8-10% year-on-year net profit increase, driven partly by the BSNL deal ramp-up. Market capitalization remains over Rs 15 lakh crore.

China's central bank is initiating a 500 billion yuan funding scheme for financial institutions to bolster the capital market. Eligible firms, including securities, fund companies, and insurers, can apply to use assets as collateral for highly liquid assets. This move follows recent stock market declines.