Adani Enterprises has approved a Rs 4,200 crore share sale to large investors through a QIP issue, setting a floor price of Rs 3,117.4750 per share. The issue, managed by SBI Capital Markets Limited, Jefferies India Private Limited, and ICICI Securities Limited, aims to raise funds for the company.

India's removal of the National Company Law Tribunal approval for reverse flip mergers is accelerating the return of Indian startups domiciled abroad. This change has reduced the process time significantly, encouraging companies like Razorpay and KreditBee to return in anticipation of better IPO prospects in India's flourishing market.

Domestic markets closed lower as stocks like Varun Beverages, Suzlon Energy, and Torrent Power gained attention with notable movements. Analysts suggest potential gains for these stocks given the key support and resistance levels, indicating positive recovery trends if buying momentum continues.

Wall Street stocks rose on Wednesday, with the S&P 500 and Dow reaching record highs after Federal Reserve meeting minutes were released. Alphabet shares dropped 1.5% amid potential antitrust actions. Investors are eyeing upcoming inflation data and the earnings season. Hurricane Milton threatens Florida while Boeing shares declined following union talks breakdown.

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.

Foreign portfolio investors turned net sellers at Rs 4,563 crore on Wednesday. DIIs bought shares worth Rs 3,509 crore.

Foreign portfolio investors turned net sellers at Rs 4,563 crore on Wednesday. DIIs bought shares worth Rs 3,509 crore.

Shares in Japan, South Korea and Australia climbed while Hong Kong equity futures also rose. An index of US-listed Chinese companies fell in New York trading, following the biggest drop in more than four years for mainland China’s benchmark index on Wednesday.

Shares of Adani Enterprises are likely to be in focus on Thursday after the company approved a share sale to large investors via qualified institutional placement.

The Adani Group is in discussions with a Middle Eastern sovereign fund to secure up to $1 billion for its airports business. They have also launched a qualified institutional placement to raise $500 million with a greenshoe option of an equal amount. The funding will support expansion in the airport sector.

"While positive for customers, the RBI's move will have a negative impact on the profitability of lenders, and could also potentially increase the loan prepayments and balance transfer."

Select stocks gain momentum even in volatile markets.

The RBI projects CPI inflation to decrease to 4.1% in FY26 from 4.5% in the current fiscal. Economic growth is predicted to slightly decline to 7.1% in FY26. Key risks include geopolitical conflicts, uneven rainfall, and commodity price volatility, while strong domestic demand and government initiatives may support growth.

Of the three new external members, Nagesh Kumar, director and chief executive, Institute for Studies in Industrial Development, voted for a cut, the central bank said.

The Reserve Bank of India advises non-banking financial companies, including microfinance and housing finance institutions, to prioritize compliance, adhere to fair practices, and sincerely address customer grievances. While monitoring these entities' exposures and risk practices, the RBI emphasizes the need for self-correction to avoid systemic risks, underscoring potential financial stability concerns with excessive returns and high indebtedness.

Supporters of the half-point cut "observed that such a recalibration of the stance of monetary policy would begin to bring it into better alignment with recent indicators of inflation and the labour market", said the minutes of the September 17-18 session, at which the Fed lowered the benchmark policy rate to a range of 4.75% to 5.00% from the 5.25% to 5.50% range it had maintained since July of 2023. Others noted there had been a "plausible case" to have cut rates at the July meeting and the data since then had only buttressed the case for easier policy.

NSE's Nifty ended 31.2 points or 0.12% lower to close at 24,981.95. BSE's Sensex declined 167.71 points or 0.21% to end at 81,467. Both the indices had risen as much as 0.8% to 0.9% earlier in the trading session.

"Expect sequential weakness in the September quarter due to slowdown in the UK business. BSNL deal ramp-up continues to provide support to growth, but overall growth will be weak in the quarter," said HSBC Securities and Capital Markets (India) in a preview report.

The markets are volatile with a bearish bias, and the Nifty and Sensex are bearing the brunt. A closer look, however, reveals that, even in the large-cap segment, only select stocks are seeing selling pressure. These are stocks where FPI holdings are high as they are part of the MSCI indices – and a lot of passive money flows into them. So when there is a sharp spike in FPI selling, these stocks take a beating. As an investor, make it a habit to view large-caps with FPI holdings as two categories: One, where the FPIs are holding the stocks due to their presence in the MSCI indices. And two, where the FPIs are holding them because they are long-only funds. It is the second lot which is likely to outperform at least as far as drawdown is concerned.

Infosys Ltd is consolidating after reaching a record high in September 2024, with experts suggesting bullish trends. Analysts expect strong revenue growth and margin expansion in the upcoming September quarter results. Traders are advised to buy on dips, targeting levels above Rs 2,000, with a stop loss below Rs 1,850.

Wall Street's main indexes were little changed at the open on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting for more clues on the interest-rate path

Adani Enterprises on Wednesday approved share sale to large investors via qualified institutional placement (QIP) issue and has set the floor price at Rs 3,117.4750 per equity share.

The company told stock exchanges that eligible investors include but anchor investors such as DBS, HSBC, Citicorp Investment Bank (Singapore), Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.

SEBI initiated a criminal case against Parekh after he failed to pay the penalty for violating the board's regulation. In response, Parekh filed an application before the court for closure of the case by compounding.

As per VRF's exchange filing, with the repayment on October 4, the 2027 bonds have been fully redeemed and are no longer outstanding.

UBS bought 81 lakh shares in IDFC Limited for Rs 88 crore. IDFC Limited will be suspended from trading on Thursday, the record date for its merger with IDFC First Bank. Post-merger, IDFC First Bank's weightage in Bank Nifty will increase, attracting $39 million in passive funds.

Indian blue chip equity indices Nifty50 and S&P BSE Sensex opened higher for the second straight day but failed to sustain the gains weighed down by the FMCG and Oil & Gas stocks. The Nifty50 index closed 0.12% or 31.20 points lower at 24,982 while the 30-stock Sensex closed 0.21% or 167.71 points lower at 81,467. Nifty struggled to maintain its gains leading to a weaker close despite opening higher, Rupak De, Senior Technical Analyst at LKP Securities said as he decoded the Nifty chart pattern. "On the hourly chart, the index closed just above the 20-DMA, indicating that the very short-term trend remains positive and is likely to stay so as long as it holds above 24,940. However, a drop below 24,940 could trigger a correction down to 24,800/24,700. On the upside, 25,100 may act as resistance," De said.Here are 7 stock recommendations for Wednesday:

Vedanta Ltd on Wednesday informed the exchanges that its board meeting scheduled today was cancelled due to unforeseen circumstances. The Board was supposed to meet today to consider fourth interim dividend for FY25.

Adani Enterprises on Wednesday approved share sale to large investors via qualified institutional placement (QIP) issue and has set the floor price at Rs 3,117.4750 per equity share.

Indian market failed to hold the momentum and closed in the red on Wednesday tracking muted global cues as traders preferred to book profits in the second half.

The fund would be raised through unsecured, rated, listed, subordinated, redeemable, fully paid up, non cumulative, non convertible debentures (NCDs) for an aggregate nominal value of Rs 1,000 crore on a private placement basis, it said.

Wall Street's main indexes were little changed at the open on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting for more clues on the interest-rate path

Tata Consultancy Services Ltd, part of the Indian IT industry, is scheduled to report its results for the quarter ended September 2024 on Thursday, 10 October.Majority of the brokerage firms expect Tier-1 IT service companies to report decent numbers in Q2FY25, led by a recovery in the BFSI vertical and deal ramps.Tata Consultancy Services (TCS) which has a market capitalisation of more than Rs 15 lakh cr on the BSE has remained flat in the run up to its quarterly results.It hit a record high of Rs 4,585 on 2nd September 2024, but it failed to hold on to the momentum. The stock has fallen more than 4% in a month.We have collated views from top brokerage firms on what they expect from India’s IT giant in September quarter:

While its rate of growth may vary from country to country, one sector that is bound to grow in any developing economy is housing. Why just developing economies, even in the developed world, housing is a key economic indicator. The reason: While a house may appear to be one single product, the ecosystem to build it is very large. From the real estate company that owns the land, to the contractor who actually builds the house; from the cement and steel companies whose material go into the building, to the paint company whose paints are used, and the electrical goods company supplying wires. Last, but not least, the housing finance company who provides the loan.

Zerodha co-founder Nikhil Kamath expressed desire to be a bank but faced challenges. Despite 62% profit growth in FY24, Zerodha remains the second largest brokerage firm behind Groww.

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 Wednesday's trading session, five stocks saw short covering. Here's the list:

A small negative candle with long upper shadow indicates rejection of bulls. Nifty's short-term trend remains positive, but weakness is likely near recent lows. Resistance at 25,250. Highest OI on the call side at 25,100 and 25,000, on the put side at 25,000 and 24,900

In the filing, the healthcare company said that the eligible investors include but are not limited to identified anchor investors DBS Bank Ltd (DBS), The Hongkong and Shanghai Banking Corporation Ltd (HSBC), Citicorp Investment Bank (Singapore) Ltd., Mizuho Bank, Singapore and other foreign portfolio investors qualified during the bidding process.

Nomura initiated coverage on HDFC AMC, Nippon Asset Management, and UTI AMC with buy and neutral ratings, respectively. Target prices were set at Rs 5,000, Rs 785, and Rs 1,300, respectively. Nomura expects Indian AMCs to maintain their valuation premium due to higher growth potential and better profitability.

On Wednesday, India’s benchmark index, the Sensex, dropped by around 167 points, closing at 81,467. Despite the market decline, eight stocks from the BSE midcap index hit their 52-week highs. A 52-week high marks the highest price a stock has achieved in the past year, offering key insights for traders and investors. This milestone helps assess a stock's current value and forecast its future potential.

Many investors keep an eye on stocks that have dropped significantly in price after previously performing well, hoping for a rebound. However, it’s important to be cautious, as bottom fishing can be risky; some stocks may continue to decline or have long-term problems. ETMarket analysis identified eight multibagger stocks from 2023 that have fallen over 25% in 2024, indicating a notable decrease in their performance. This decline could be due to profit-taking by investors, market corrections, or worries about the company's growth. According to Trendlyne's SWOT analysis, most of these stocks show more strengths than weaknesses.

EaseMyTrip board to consider bonus shares on October 14. This will be the third time the company has issued bonus shares. Details about the ratio and record date not disclosed yet.

Indian equity indices Sensex and Nifty experienced gains throughout the day but reversed course in the last hour, ultimately closing flat on Wednesday. This shift followed the central bank's decision to keep rates unchanged while signaling a more accommodative stance, indicating potential rate cuts. Meanwhile, Six large-cap stocks from the Nifty 200 index reached new 52-week highs. Here's the list:

Indian equity indices Sensex and Nifty experienced gains throughout the day but reversed course in the last hour, closing lower on Wednesday, despite the central bank easing its policy stance to 'neutral', opening the door for rate cuts in the coming months.

Minutes of the U.S. Federal Reserve's half-a-percentage-point rate cut last month, to be released on Wednesday, may provide a final word on just how divided policymakers were over a decision that took many economists by surprise and sparked the first dissent from a member of the Board of Governors in 19 years.

Fundamental issues and valuation adjustments ensured that consumer durables stocks relatively underperformed the bullish market of the last three years. But this year, a hot summer, a good monsoon, and the start of a festive season in which consumers are loosening their purse strings could mark a turnaround for these stocks. On top of it, their valuation readjustment process seems to be done and dusted. How do we know this? Because earnings have caught up even as prices have remained in range. Also, a number of companies have implemented restructuring strategies, including some sort of backward integration. All these together seem to have finally started to pay off.

Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutions Placement (QIP) route to fund its growth plans.

The RBI may start interest rate cuts beginning December 2024, with further reductions in early 2025, based on inflation trends and global economic conditions. Analysts note that demand has softened, and global central banks, including the US Federal Reserve, are easing policies, which supports potential rate cuts in India.

The Reserve Bank of India's Monetary Policy Committee (MPC) on Wednesday kept the repo rate steady at 6.5% for the 10th consecutive time, changing its stance from withdrawal of accommodation to neutral.Inflation remains a key factor influencing future rate cuts. Most economists expect a cut in December, while some predict it may come in February 2025. Globally, rising geopolitical tensions and increasing U.S. bond yields are also metrics the RBI will monitor closely before deciding on a rate cut, according to experts.We have collated views from analysts and economists on future trajectory of rate cuts by RBI:

Many investors keep an eye on stocks that have dropped significantly in price after previously performing well, hoping for a rebound. However, it’s important to be cautious, as bottom fishing can be risky; some stocks may continue to decline or have long-term problems. ETMarket analysis identified eight multibagger stocks from 2023 that have fallen over 25% in 2024, indicating a notable decrease in their performance. This decline could be due to profit-taking by investors, market corrections, or worries about the company's growth. According to Trendlyne's SWOT analysis, most of these stocks show more strengths than weaknesses.