Shares of Angel One rose 7.4% on the BSE. Investors expect gains from Sebi's new F&O market regulations. The regulations may weaken smaller players, boosting bigger firms. Angel One may increase fees or absorb margin impacts. Past customer acquisition helped offset slowdowns. Long-term growth expected in financial products distribution, wealth management, and AMC.

Ashoka Buildcon shares rose 4.3% to Rs 247 after securing EPC contracts worth Rs 1,738 crore, including a Rs 474.1 crore project from MMRDA. The company reported a 148% growth in standalone net profit for Q1 FY25 and a 22% yearly increase in total income.

The Indian market may consolidate on Thursday due to muted global cues. Analysts pinpoint a trading range between 25400 to 26300 zones for Nifty. Short-term stock trading advice includes buying Deepak Fertilizers, ABB, Kotak Mahindra Bank, and Tech Mahindra with specific targets and stop losses provided.

Shares of Suzlon Energy fell 4% to a low of Rs 76.35 on the BSE following advisory letters from NSE and BSE. The letters were issued due to corporate governance concerns raised by the resignation of Independent Director Marc Desaedeleer, who cited a lack of openness and transparency in communications.

Shares of Eicher Motors dropped by 4% despite Royal Enfield posting an 11% YoY sales increase in September. Domestic sales rose 7% and exports surged 77%.

Indian stock markets opened sharply lower on Thursday. Sensex dropped over 1,250 points. Nifty50 slipped below the 25,500 mark. This decline reflected losses in other Asian markets. Investors' risk appetite fell due to escalating conflict in the Middle East. Iran’s missile launch at Israel raised fears about oil supply disruptions, pushing oil prices higher.

Shares of Dabur India plummeted 7.8% following an update hinting at a mid-single-digit revenue decline for Q2. Lower primary sales and heavy rains impacted the performance, resulting in expected declines in operating margin. Analysts suggest mixed reviews with targets ranging from Rs 368 to Rs 772.

The stock has been making higher highs and higher lows after recording a breakout above January 2024 swing high of 399 in July 2024 on the weekly charts.

“Sun Pharma stock has seen a gradual upmove in the last few weeks and the RSI oscillator hints at a continuation of the positive momentum. The stock has rallied more than 20% in the last 3 months. Traders can buy for a target of Rs 2100 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

BSE shares rose 8% after Sebi announced new rules for the derivatives market benefitting BSE. From November 20, BSE will have more days to compete with NSE in weekly derivatives. The new framework aims to regulate futures and options trading better. Angel One shares also rose despite expected short-term impacts on earnings.

Shares of Reliance Power surged to a new 52-week high following the company's announcement of a strategic partnership with Bhutan's Druk Holding to develop substantial solar and hydroelectric projects.

The company gave updates on the July-September quarter performance on Tuesday in its filing to the stock exchanges after market hours and Dabur shares ended at Rs 618.50 on the NSE, down by Rs 6.70 or 1.07%. The earnings announcement will be on October 30.

Marico shares surged 2.4% reaching Rs 710 on the BSE after a positive second-quarter update. The company saw mid-single digit volume growth in its domestic business. Expects double-digit revenue growth in the second half.

As of October 1, there was a notable surge in futures open interest for seven stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.

Indian stock markets opened sharply lower on Thursday. Sensex dropped over 1,250 points. Nifty50 slipped below the 25,500 mark. This decline reflected losses in other Asian markets. Investors' risk appetite fell due to escalating conflict in the Middle East. Iran’s missile launch at Israel raised fears about oil supply disruptions, pushing oil prices higher.

The Indian market may consolidate on Thursday due to muted global cues. Analysts pinpoint a trading range between 25400 to 26300 zones for Nifty. Short-term stock trading advice includes buying Deepak Fertilizers, ABB, Kotak Mahindra Bank, and Tech Mahindra with specific targets and stop losses provided.

Morgan Stanley and Investec have given mixed ratings on companies like Titan, Dabur, Marico, and JSW Steel. Titan and Marico get equal-weight ratings with potential growth driven by demand. Dabur faces declines in sales and EBIDTA, while JSW Steel sees positive signs due to market conditions and a China stimulus.

Ashoka Buildcon's shares gained attention after securing EPC contracts worth Rs 1,738 crore. Key projects include an elevated road in Mumbai and two creek bridges. The company's Q1 FY25 standalone net profit grew by 148% with a 22% YoY income rise. Shares have surged 73% in 2024, with a market cap of Rs 6,646 crore.

Under the stock split, each existing equity share of face value of Rs 5 will be split into 5 equity shares of face value of Re 1, for which the expected timeline has been stated as 2-3 months.

Eicher Motors shares are expected to attract attention on Thursday after its motorcycle division, Royal Enfield, reported an 11% year-on-year increase in total sales for September, reaching 86,978 units compared to 78,580 units a year earlier.

Reliance Group will partner with Druk Holding and Investments Ltd. to develop 500 MW of solar and 770 MW of hydroelectric power projects in Bhutan. A new subsidiary, Reliance Enterprises, will be formed. The solar plant will be built in two phases. The Chamkharchhu-1 hydro project will follow a run-of-the-river model.

On October 1, nine 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.

U.S. central bankers reduced the interest rate target by half a percentage point in September. Federal Reserve Chair Jerome Powell stated that this significant reduction shows confidence in reaching the 2% inflation target, and it should not indicate future cut rates' pace. Policymakers are divided between focusing on inflation risks and labor market concerns.

Richmond Federal Reserve President Thomas Barkin highlights that returning inflation to the 2% target may take longer, limiting the Fed's ability to cut interest rates significantly. He notes that solid demand and labor market tightness pose risks to reaching a neutral interest rate, emphasizing concerns about wage pressures and global economic uncertainties.

Shares of Maruti Suzuki are likely to draw attention after a 2% increase in September sales, reaching 1,84,727 units. Domestic passenger vehicles sales dropped 4%. The company reports 10.63 lakh units sold in the first half of the fiscal year. CNG vehicle sales now account for over 34% of Maruti’s total sales.

KRN Heat Exchanger and Refrigeration shares will debut on exchanges today, with a grey market premium (GMP) indicating potential multibagger gains of over 107%. The company's IPO saw an overwhelming subscription of over 200 times. The funds will be used to invest in a new facility in Rajasthan.

Thinking Hats Entertainment shares will debut on the NSE SME platform on Thursday. The shares have a grey market premium of Rs 30, indicating a 70% premium over the issue price. The funds will be used for working capital, debt repayment, and corporate purposes. The company has also expanded into OTT content production since 2019.

Unilex Colours and Chemicals will debut on the NSE SME platform with a grey market premium indicating an 8% listing premium. The funds will be used for working capital, debt repayment, and corporate purposes. The company specializes in pigments and serves both domestic and international markets.

Adani Enterprises' shares are under spotlight after the group's flagship firm announced the merger of Adani Infrastructure Private Limited and Mundra Solar Technology Limited into Adani New Industries, set to bolster its focus on low-carbon projects such as green hydrogen and renewable energy components.

Marico's shares will be in focus after its second quarter update showed mid-single digit volume growth in its domestic business. Consolidated revenue grew in high single digits, offset by currency headwinds. The company expects revenue growth in double digits for the second half of the year. Key brands like Parachute and Saffola showed mixed performance.

Sebi's new regulations on derivatives trading, including increased contract size and limiting weekly expiries, are expected to impact brokers like Angel One. Effective from November 20, the measures aim to curb speculative trading, following a study revealing significant losses for individual traders in the F&O segment.

Stocks that were in focus include names like Welspun Corp, which rose 2.81%, Vipul Organics, which gained 19.56%, and Welspun Corp, whose shares fell 2.8% on Tuesday.

Shares of Dabur India may stay in focus after the company forecasted a mid-single digit decline in Q2FY25 consolidated revenue due to corrections in India operations. However, international business is poised for double-digit growth. Inventory actions in the GT channel to affect September quarter profitability.

The S&P 500 was nearly unchanged, with tech shares rising but investor concerns over Middle East tensions and U.S. labor data. Nvidia shares increased, while Tesla declined after lower-than-expected quarterly deliveries. U.S. private payrolls rose more than expected, with non-farm payrolls and jobless claims data awaited. Dockworkers' strike continued, affecting U.S. ports.

Japan's Nikkei rebounds sharply by 2.6% due to a softer yen after Prime Minister Shigeru Ishiba indicates no further interest rate hikes. Technology shares rise in tandem, mirroring gains on Wall Street. The yen hovers around 146.56 per dollar, aiding exporters' competitiveness.

In the Nifty500 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on October 1, according tostockedge.com's technical scan data.

" In the near term, we expect the market to consolidate after witnessing one side move in the last few weeks. Sector-wise the focus could shift towards IT & Banking space as companies would be releasing their pre-quarterly updates starting this week," said Ajit Mishra – SVP, Research, Religare Broking

Even as the Nifty and Sensex move close to their all-time highs, they have been volatile – sometimes due to global developments, sometimes domestic. What needs to be watched, however, is whether the market breadth holds, especially as we approach the Q2 earnings season. It is probably time to be more cautious. Not because of geopolitical developments or changes in the F&O space, but because of expensive valuations. For, ultimately, it is earnings and valuations that matter on the street. So, maybe it would be better to be a tactical investor while infusing fresh funds in the market. At least for some time.

The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy isn’t ready for another hike. The currency fluctuated near 146.50 per dollar Thursday, near its weakest level in a month.

Research by the RBI reveals that monetary policy transmission is more effective with increased formality in the labour market. A higher share of formal sector employment enhances the impact of policy measures on inflation and output, suggesting better outcomes under inflation targeting.

The company entered the OTC business in 2007 and it has grown to have established brands such as Manforce, HealthOK, Prega News, AcneStar, Unwanted and Gas-O-Fast. Four of its brands ranked No.1 in their respective categories.

Maruti Suzuki reported a nearly 2% jump in September total sales at 1,84,727 units versus 1,81,343 units in the corresponding month of the previous financial year.

​​Out of 12 economists ET spoke to, 9 said that it was likely that the MPC would begin to cut interest rates from December onwards. The remaining three respondents were broadly of the view that the MPC is likely to follow a course that is distinct from rate-setters in advanced economies and may wait for 4-6 months more before cutting rates to be entirely sure that inflation has gone down durably.

The average daily trading volume (ADTV) in the equity segment of both BSE and NSE combined dropped 21% in September to ₹1.30 lakh crore, compared to June's turnover of ₹1.65 lakh crore per day. Between July and September, the benchmark Nifty, Nifty Midcap 150 and Nifty Smallcap 150 rallied between 7% and 7.5%.

Indian markets were closed on Wednesday. Elsewhere in Asia, South Korea declined 1.2% and Japan declined 2.2%. Taiwan rose 0.75% and Hong Kong jumped 6.2%, maintaining its newfound bullish momentum, driven by China's stimulus package to revive its economy.

Sun Pharma's stock price has surged over 60% in the past year, hitting a record high of Rs 1,960 on September 30th. Though profit-taking has caused a slight dip, experts believe the upward trend will continue and recommend buying on dips towards Rs 1,900.

In the recent correction in the Nifty and Sensex, one thing has stayed in favour of the bulls – market breadth. It has been largely positive even on days when both indices corrected sharply. That is relative outperformance. This will, however, continue only if the broader market doesn’t see a sharp decline over a long period – especially due to global reasons. If there is global risk of trade, then the mid-caps could come under pressure. Under such conditions, analysts are bullish on very selective stocks from different sectors. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.

Markets were wary as Israel and the U.S. vowed to strike back after Iran attacked Israel on Tuesday, following which the S&P 500 and the Nasdaq logged their biggest one-day drops in nearly a month.

USA-STOCKS/ (URGENT)US STOCKS SNAPSHOT-Wall St opens lower as Middle East tensions make investors nervous

The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.