In the last few sessions, every bank stock has seen a correction. But a deeper look reveals a streak of outperformance amidst the mayhem. The wave of unprecedented FPI selling was bound to hit all indices. Had it happened a couple of years ago, it would have caused much more damage, especially to banking stocks where FPIs own significant chunks. The current wave of selling resulted in just a 5% cut in the index, with a few large-caps taking a beating. But when the recovery took place on Tuesday, the market breadth was able to recover sharply. This indicates the strength of the market. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Max Healthcare Institute Ltd's stock has dropped over 17% from its September 2024 peak to Rs 919 but is showing potential for a technical rebound. Support is indicated around the 50-DMA and 100-DMA, with experts suggesting short-term buying for a possible target range of Rs 980-Rs 1045.

Wall Street's main indexes opened higher on Tuesday, regaining some ground after a selloff in the previous session as investors turned their focus to the start of the third-quarter earnings season and key inflation data later this week.

The stock market is closely monitoring the outcome of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting, which commenced on October 7, with the results set to be announced on October 9, 2024.The S&P BSE Sensex has already fallen by over 5% or nearly 5000 points in the last six trading sessions in the run up to the event weighed down by geopolitical concerns.However, most economists and analysts rule out a rate cut in the October policy meeting but a change in stance is something that isn't completely ruled out. A dovish tone in the commentary of the RBI governor could dictate market trends.Also Read: RBI MPC: When and where to watch outcome of rate-setting panel's meeting

Edelweiss Financial Services announced a public issue of Rs 200 crore secured redeemable non-convertible debentures offering up to 11% yield. The issue opens on October 7 and closes on October 18. Funds will be used for repayment of existing borrowings and general corporate purposes.

Hindenburg Research disclosed a short position in Roblox, claiming the gaming platform falsely inflated user metrics, including daily active users (DAUs), which may include bots or alternate accounts. Roblox shares fell 9.2% after the short seller accused the company of misleading investors and regulators.

Indian headline indices BSE Sensex and Nifty rebounded on Tuesday after six sessions of losses, driven by HDFC Bank and Reliance Industries ahead of the RBI policy decision and quarterly earnings which begin from Thursday with the announcement of TCS results. Positive market sentiment also came as BJP clinched a victory in Haryana for the third time in a row. While Sensex rose 584 points (0.72%) to 81,634, broader Nifty gained 217 points (0.88%) to end at 25,013.Nifty formed a bullish harami pattern on the daily timeframe, indicating rising optimism with the index also moving above a critical moving average on the hourly time frame, Rupak De, Senior Technical Analyst at LKP Securities said. "The RSI has made a bullish crossover in the shorter timeframe, further supporting the positive outlook. In the near term, the index may move towards the 25,350–25,400 range. On the downside, support is placed at 24,850, and a break below this level could lead to weakness," De said.Here are 3 stock recommendations for Wednesday:

Indian indices rose on Tuesday after a six-session losing streak. Investors await RBI's policy decision on Wednesday. Analysts predict a bullish trend in the near term, with support at 24,850 and resistance at 25,350-25,400.

On Tuesday, India's benchmark index, the Sensex, surged by about 585 points, closing at 81,635. During this rally, 11 stocks in the BSE smallcap index reached their 52-week highs. A 52-week high represents the highest price a stock has reached over the past year, providing valuable insights for traders and investors. This milestone is essential for evaluating a stock's current value and predicting its potential future performance.

After a decline following the Lok Sabha results, Modi stocks surged by 9% as the BJP won Haryana elections. PSU stocks, particularly in railways and defense, gained notably, while Adani Group shares also rose significantly.

Wall Street's main indexes opened higher on Tuesday, regaining some ground after a selloff in the previous session as investors turned their focus to the start of the third-quarter earnings season and key inflation data later this week.

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

Hindenburg Research disclosed a short position in Roblox, claiming the gaming platform falsely inflated user metrics, including daily active users (DAUs), which may include bots or alternate accounts. Roblox shares fell 9.2% after the short seller accused the company of misleading investors and regulators.

Sebi has instructed Alternative Investment Funds to carry out due diligence on investors and investments to ensure compliance with laws and prevent illegal activities. This includes special checks for investments from countries bordering India and contributions over 50 percent. AIFs must report the status of existing investments by April 7, 2025.

Nifty shows signs of an upside bounce, forming a double bottom pattern around 24,700 levels. A move above 25,000 could lead to 25,400-25,500 resistance levels. Analysts suggest a 'buy on dips' strategy as long as support at 24,690 holds.

BJP's retention of control in Haryana boosted the Indian stock markets, with Sensex gaining 585 points. PSU stocks surged, led by HUDCO and RVNL, while Adani Group shares also rallied. Analysts see the victory as a sign of continuity in economic policies, positively impacting investor sentiment.

Some market moves appear to stand the basic logic of investing on its head. The key word here is “appear”. Sometimes not-so-obvious things are responsible for the short-term movement of stock prices. And because they are not obvious, the street doesn’t immediately recognize them as the real reason. But these underlying reasons need to be understood for decisions to be taken in the right context. Why, for instance, did Reliance Industries and HDFC Bank stocks see sharp cuts these past few sessions (though they were up marginally on Tuesday)? Nothing adverse has happened in the sectors in which they operate. Nor has there been any trouble at these companies individually. So, is there something more to it? Yes. They were sold by AMCs that have floated India-focused funds in a low-tax regime country in Europe. The big question: Is this decline an opportunity?

The stock market is closely monitoring the outcome of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting, which commenced on October 7, with the results set to be announced on October 9, 2024.The S&P BSE Sensex has already fallen by over 5% or nearly 5000 points in the last six trading sessions in the run up to the event weighed down by geopolitical concerns.However, most economists and analysts rule out a rate cut in the October policy meeting but a change in stance is something that isn't completely ruled out. A dovish tone in the commentary of the RBI governor could dictate market trends.Also Read: RBI MPC: When and where to watch outcome of rate-setting panel's meeting

The Indian market bounced back on Tuesday after closing in the red for the last 6 trading sessions. The S&P BSE Sensex rose nearly 600 points while the Nifty50 closed above 25000.

Indian benchmark equity indices S&P BSE Sensex and Nifty50 closed higher on Tuesday after six consecutive sessions of decline. The recovery was led by index heavyweights HDFC Bank and Reliance Industries, ahead of the central bank's policy decision and domestic quarterly earnings.

Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg.

Some market moves appear to stand the basic logic of investing on its head. The key word here is “appear”. Sometimes not-so-obvious things are responsible for the short-term movement of stock prices. And because they are not obvious, the street doesn’t immediately recognize them as the real reason. But these underlying reasons need to be understood for decisions to be taken in the right context. Why, for instance, did Reliance Industries and HDFC Bank stocks see sharp cuts these past few sessions (though they were up marginally on Tuesday)? Nothing adverse has happened in the sectors in which they operate. Nor has there been any trouble at these companies individually. So, is there something more to it? Yes. They were sold by AMCs that have floated India-focused funds in a low-tax regime country in Europe. The big question: Is this decline an opportunity?

The foreign portfolio investors' (FPI) monthly data for September indicates net buying of Rs 57,723 crore, up from Rs 7,320 crore in the previous month.Buying was observed across sectors such as Financial Services, FMCG, capital goods, and telecom, while consumer services, construction materials, and IT experienced net sales of equities by the FPIs.Below is a list of five sectors that attracted the highest buying from FPIs followed by the top five sectors that witnessed a sale of securities:

The IMF forecasted 3.2% global growth in 2024, but geopolitical tensions and economic instability threaten this. The US Fed cut interest rates by half a percentage point, while the ECB cut by 25 basis points. China's central bank also implemented measures to stimulate its economy. India's GDP grew 6.7% in Q1 FY25, outperforming globally. The RBI is expected to maintain its neutral stance and may not raise interest rates.

Indian benchmark equity indices S&P BSE Sensex and Nifty50 closed higher on Tuesday after six consecutive sessions of decline. The recovery was led by index heavyweights HDFC Bank and Reliance Industries, ahead of the central bank's policy decision and domestic quarterly earnings.

After a decline following the Lok Sabha results, Modi stocks surged by 8% as the BJP looked set for a Haryana election victory. PSU stocks, particularly in railways and defense, gained notably, while Adani Group shares also rose significantly.

After a decline following the Lok Sabha results, Modi stocks surged by 8% as the BJP looked set for a Haryana election victory. PSU stocks, particularly in railways and defense, gained notably, while Adani Group shares also rose significantly.

In the past year, the Nifty 50 index surged by approximately 26%, while the Nifty Auto index saw a remarkable rise of about 61%. All Nifty Auto stocks posted double-digit growth, with two stocks more than doubling investors' wealth. Additionally, we have highlighted 11 stocks that gained over 30% during this period. (Data: ACE Equity)

Hong Kong stocks plummeted over nine percent on Tuesday, marking their largest drop in 16 years. This decline followed China's failure to meet investor expectations with new stimulus and limited details on measures announced last month.

Ace investor Ashish Kacholia has acquired 497,000 shares of SME firm V-Marc India through a preferential allotment. This follows the company's shareholder approval on September 12, 2024, for the issuance of equity shares on a preferential basis. On October 8, 2024, V-Marc India's Board of Directors approved the allotment of 16,35,000 equity shares at Rs 286.44 per share, totaling approximately Rs 46.83 crore.

Shares of Tata Group's Trent climbed 7.3% to hit a record high following the launch of its lab-grown diamond brand 'Pome' in select Westside stores. Positioned as an affordable option, Pome targets broader consumer access. Morgan Stanley set a price target of Rs 8,032, maintaining an overweight rating.

Global brokerage Nuvama has initiated coverage on Skipper with a 'Buy' rating and a target price of Rs 650, suggesting a potential upside of 46% from the previous closing price of Rs 444 per share. Nuvama emphasized that Skipper is well-positioned for strong performance as a niche player, particularly in light of the proposed National Electricity Policy (NEP), which outlines a substantial transmission capital expenditure of Rs 9.2 trillion.

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Tuesday's trading session, five stocks saw fresh long positions. Here’s the list:

Sobha shares fell by nearly 4% due to a 32% YoY decline in Q2 FY25 sales, totaling Rs 1,178.5 crore compared to Rs 1,723.8 crore in Q2 FY24. Bangalore and Kerala regions posted significant growth. Despite the dip, the stock has delivered over 150% returns in the past year.

Sensex stocks opened mixed, with gains for M&M, SBI, HUL, UltraTech Cement, Axis Bank, and Bharti Airtel, while Tata Steel, Tata Motors, JSW Steel, HCL Tech, and Power Grid saw early losses. Ola Electric shares dropped over 6% after the Central Consumer Protection Authority (CCPA) issued a show-cause notice to the company due to rising consumer complaints.

Shares of SpiceJet surged by 9.5% after the announcement of adding 10 new planes to bolster its fleet by November. The company is acquiring seven planes on lease and reintroducing three previously grounded aircraft, following a successful funding round that raised Rs 3,000 crore.

China’s stock rally tapered and Hong Kong shares slumped as officials provided few details on economic stimulus plans. Mainland markets surged but then moderated, while the Hang Seng fell significantly. Investors showed caution, leading to sharp drops in the yuan and industrial metal prices.

Sensex stocks opened mixed, with gains for M&M, SBI, HUL, UltraTech Cement, Axis Bank, and Bharti Airtel, while Tata Steel, Tata Motors, JSW Steel, HCL Tech, and Power Grid saw early losses. Ola Electric shares dropped over 6% after the Central Consumer Protection Authority (CCPA) issued a show-cause notice to the company due to rising consumer complaints.

Shares of Jyoti Structures skyrocketed by 10% after investor Ashish Kacholia acquired a 2.52% stake. Showing notable growth, the stock has risen 91% over the past year. The company secured significant orders recently and reported a net profit of Rs 5 crore for the June 2024 quarter.

A rapid 25% market increase, potentially driven by short covering, is unlikely to last.Some investors may perceive better opportunities in China, leading to potential short-term volatility in Indian markets.China’s property market troubles and aging demographics present long-term challenges.

The said target prices indicate an upside potential of 27% for the former and 31.5% for the latter, with respect to Monday’s closing price.

At a briefing, China's state planner National Development and Reform Commission said they were confident of reaching its economic targets this year and promised further support for growth but disappointed investors who were looking out for more stimulus measures.

Subam Papers' shares debuted on the BSE SME platform at Rs 142, down 6.6% from the issue price of Rs 152. The company, which uses waste paper for production, aims for sustainability with wind and solar energy. In fiscal year ending March 2024, Subam Papers reported revenues of Rs 497 crore and net profit of Rs 33.44 crore.

Mark Mobius, the Chairman of Mobius Emerging Opportunities Fund, is a renowned global investor with decades of experience in emerging markets.In an interview with ETNow, he shared his insights on asset allocation and market strategies, emphasizing the importance of equities for long-term investments.Mobius provides a comprehensive breakdown of how he would allocate $100 across different asset classes and global markets.

Ola Electric shares dropped 6% after CCPA issued a show-cause notice over consumer complaints and misleading advertisements. The company's stock, now 43% below its all-time high, was further impacted by a public spat between CEO Bhavish Aggarwal and comedian Kunal Kamra, highlighting service issues.

Paramount Dye Tec's shares debuted on the NSE SME platform with a 6% discount. The stock listed at Rs 109.9, lower than its issue price of Rs 117.

Tata Motors Share Price: Tata Motors' shares fell by 3% after Jaguar Land Rover posted a 3% drop in retail sales for Q2 FY25. Production in Q2 FY25 also declined by 7% due to aluminum supply disruptions. Despite these setbacks, Tata Motors expects production to improve in the second half of the fiscal year.

FIIs invested Rs 27,000 crore in Indian bank stocks after the US Fed's rate cut. However, they reversed their investments due to China's quantitative easing. This led to a drop in Nifty Bank index by 5% in early October. Investors are watching for RBI's monetary policy decision on October 9.

Indian equity indices S&P BSE Sensex and Nifty50 opened higher on Tuesday amid ongoing Middle East conflict, with the Sensex trading 145 points up and Nifty50 rising 24 points. Key market influences include upcoming RBI commentary and quarterly earnings. Early trading saw gains in M&M, SBI, HUL, and losses in Tata Steel and Ola Electric shares.

A debt that has been past due and unpaid for a predetermined period is known as a non-performing asset (NPA). As Q1 FY25 results approach, investors with banking stocks should pay attention to non-performing assets (NPAs) of the banks in their portfolios. According to Trendlyne data, several banks, including IndusInd Bank, AU Small Finance Bank, Karnataka Bank, DCB Bank, and Ujjivan Small Finance Bank reported an increase in NPAs during Q1FY25. Here’s a breakdown: