It might not have made the headlines, but real estate stocks have witnessed a correction. However, unlike in the past, when corrections used to be sharp and deep, this time it has been mostly sideways for a large number of stocks. 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.

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:

The summary also showed how the U.S. Federal Reserve's decision to deliver an oversized reduction in borrowing costs, which came a day before the BOJ's Sept. 19-20 meeting, led to increased worries about the U.S. economic outlook.

ICICI Securities has begun coverage on Adani Energy Solutions (AESL), India's largest private transmission company, assigning it a buy rating with a target price of ₹1,318, indicating a potential 30% upside.

Midwest is seeking to raise Rs 650 crore through an IPO, with a mix of fresh shares and an offer-for-sale by promoters. Rs 250 crore will come from fresh shares, and Rs 400 crore from promoters. Proceeds will be used for capital expenditure, buying electric trucks, integrating solar energy, debt repayment, and general corporate purposes.

Chinese stock markets will be closed from October 1 to October 7 for the week-long China National Day celebrations. Additionally, both Hong Kong and India will observe market closures on October 1.

Indian benchmark equity indices Sensex and Nifty surrendered the early gains on Tuesday, dragged down by a decline in metals after a seven-session rally, while information technology stocks held steady. Despite the broader market weakness, six midcap stocks from the Nifty 500 index reached new 52-week highs. Here's the list:

​Investors are now looking ahead to the Eurozone's flash inflation figures for September, due at 0900 GMT, which could decide whether the European Central Bank (ECB) lowers interest rates at its next meeting in two weeks.

Vipul Organics shares surged 20% after announcing a rights issue. The company plans to raise up to Rs 25 crore through the issue, which is priced at a 79.3% discount to the previous closing price. The funds will be used for capacity expansion at its Sayakha facility.

National Aluminum Company Ltd (NALCO), part of the aluminum industry, has rallied more than 130% in a year, hitting a fresh record high in October 2024 as the company is well-positioned to benefit from the ongoing supply tightness in the alumina market.Domestic brokerage firm Kotak Institutional Equities upgraded NALCO to an 'Add' rating from 'Sell,' citing a favorable risk-to-reward ratio with a fair value of Rs 235. The momentum helped the stock reach a fresh record high of Rs 226 on October 1.“Nalco is best placed to benefit from the ongoing supply tightness in the alumina market, given its net long position and the consequent tailwind in the aluminum prices,” said the note.

Nithin Kamath, CEO of Zerodha, announced that Zerodha will not increase brokerage charges despite new SEBI regulations standardizing transaction fees across brokers. The new fees, effective from October 1, are expected to reduce Zerodha's revenue by 10%.

Investors often seek stocks with consistent performance and strong momentum. In this case, ETMarkets identified 11 smallcap stocks that have stood out, rising over 15% in each of the last four quarters. Over a one-year period, these stocks turned into multibaggers, delivering impressive returns for investors. (Data Source: ACE Equity)

Welspun Corp share price surged 4% to a 52-week high of Rs 795 on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. The company stated it received this significant order for the supply of Coated HSAW Pipes for a natural gas pipeline project. Execution of the order is planned for FY25 and FY26.

Japan's Nikkei share index rises nearly 2%, driven by gains in defence stocks following Shigeru Ishiba's confirmation as prime minister. Defence firms and exporters, such as Kawasaki Heavy Industries and Toyota, experience significant boosts due to new cabinet appointments and a weaker yen.

Shares of Eraaya Lifesciences surged 5% to reach a new all-time high of ₹2,767.40 on the BSE on Tuesday following the company's announcement regarding the suspension of Robin Raina, Chairman and CEO of Ebix, after its acquisition of the latter.

Sebi plans to enhance investor protection in the Futures and Options (F&O) segment with new measures. The regulator has also requested tax breaks for subscribers of municipal bonds. Proposed changes in F&O rules include revising minimum contract sizes and intraday position monitoring to improve risk management and transparency. Sebi's study showed significant trader losses in the F&O market.

Welspun Corp share price surged 4% to a 52-week high of Rs 795 on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. The company stated it received this significant order for the supply of Coated HSAW Pipes for a natural gas pipeline project. Execution of the order is planned for FY25 and FY26.

Vedanta shares saw significant gains, rising 130% over the past year, partly due to China's economic measures. The stock recently broke resistance levels and is trading above short-term averages. Experts suggest the stock could rise further, targeting Rs 530-550, with Rs 490 acting as key support. Vedanta closed at Rs 512.55 on Monday.

The ATF prices have been cut to Rs 87,597 per kg in Delhi, down from Rs 93,480 per kg earlier. The price reduction will help ease the burden on airlines for whom fuel makes up 40% of the airlines’ operating costs.

HDFC Bank, part of the private banking space, might have remained rangebound in the last 3 months but is well on track to hit fresh record highs above Rs 2,000-2,100 levels.InCred Equities in a recent report retained its ADD rating on HDFC Bank with a target price of Rs 2150 which translates into an upside of over 22% from Rs 1752 recorded on 27th September 2024.

In the report, Investec noted that Aadhar is the largest and most diversified housing finance company in India. The company's dual underwriting model enhances its operational efficiency and risk management capabilities, allowing it to cater to a broader customer base effectively.

ICICI Securities initiated coverage on Adani Energy Solutions (AESL) with a buy rating and a target price of Rs 1,318 which translates into an upside of over 30% from Rs 1,013 recorded on 27th September 2024.AESL is the largest private transmission company, operating one of the largest private DISCOMs and has emerged as the 2nd largest player in smart meters.

Shares of Tech Mahindra surged 4.2% to Rs 1,642.20 on the BSE after CLSA upgraded the stock to 'outperform' from 'hold' with a target price of Rs 1,749. The upgrade follows recent price correction and early signs of EBIT margin improvement, despite lackluster order bookings.

A close to 300-point fall in the Nifty might appear to be a big one. But look at it differently – it is just a 1% decline. And that kind of move is common. The problem is that every market move tends to be amplified when valuations are high. This is because of the fear that a correction might spill over into the mid-cap segment – where the interest of a majority of retail investors is concentrated. Two more such sharp cuts and the street will be divided into two kinds of investors. The first will justify buying wrong stocks by billing themselves “long-term investors”. The rest, genuine long-term investors, will remain focused on buying the correct business. Now what is a “correct business”? Simple: One with a track record of growth; a company that does not require constant doses of capital; and where not only is income generated, it is shared with minority investors.

NTPC Share Price: Shares of NTPC rose over 1% to near its 52-week high following the announcement of a 25-gigawatt renewable energy project in Rajasthan by its subsidiary, NTPC Green Energy. The company's stock has surged 43% in 2024, driven by significant revenue and profit growth.

Emerging market investors are shifting their focus from India to China due to Beijing's significant economic stimulus measures. The Chinese stock market has surged dramatically, causing FIIs to withdraw from Indian markets. Analysts believe the trend could continue, impacting Indian market liquidity and performance.

HDFC Bank Ltd, a major private sector bank, faced selling pressure after a breakout in September 2024. Despite reaching an intraday high of Rs 1787.90, it remains above crucial support levels. Experts suggest short-term traders consider buying for a potential rebound toward July highs. The stock's performance aligns with market volatility.

The IPO of Swiggy has been cleared by the market regulator and the issue could hit the public market anytime. Meanwhile, the IPO has also thrown some spotlight on its competitor and listed peer Zomato. Given such intense scrutiny, here's a comparison of financials of both these companies in the last three fiscal years. [Source: Annual reports, Company reports] Note: Brackets indicate loss

Mahindra & Mahindra shares rose 1.5% after reporting a 16% increase in auto sales and a 24% growth in SUV sales for September 2024, with total sales reaching 87,839 vehicles.

Sensex and Nifty opened higher on Tuesday with gains led by Reliance Industries, IT, and banking stocks after profit-booking in the previous session. Key contributors included HDFC Bank, Infosys, and Axis Bank. Auto stocks advanced ahead of monthly sales data announcements.

Jefferies has reiterated its buy rating on PB Fintech, setting a target price of Rs 1,800. The company’s management plans a one-time investment of up to $100 million for a 20-35% stake in a new healthcare venture, addressing concerns about maintaining its asset-light strategy. PB Fintech remains a top pick for India's growing insurance market, with its core business continuing to experience strong growth.

In October, focus on metals, infrastructure, and financial sectors. Hold Ceat, Vedanta, NALCO, Policybazaar, and IEX. Exit Easy Trip.

The Indian market may consolidate on Tuesday amid mixed global cues. Nifty futures closed down 1.35% at 25,990. Options data shows a broad range between 25,400 to 26,300, with key levels at 25,850. Analysts expect weakness if Nifty stays below 25,850, with resistance at 25,950 and 26,150.

Emerging market investors are shifting their focus from India to China due to Beijing's significant economic stimulus measures. The Chinese stock market has surged dramatically, causing FIIs to withdraw from Indian markets. Analysts believe the trend could continue, impacting Indian market liquidity and performance.

Piramal Pharma Solutions, is investing $80 million to expand its Lexington facility, doubling capacity by Q1 2027 to meet growing injectables demand, supporting its ADC manufacturing program.

Several brokerages have downgraded the target prices of multiple stocks over the past month. According to Trendlyne data, 10 stocks, including IndusInd Bank, Bajaj Finance, Dalmia Bharat, Shree Cements, ACC, and UltraTech Cement have faced up to eight analysts' target price downgrades. Here is a list of these stocks and their revised target prices:

Shares of NTPC are in focus after its subsidiary, NTPC Green Energy, signed an MoU with the Rajasthan government for a 25-gigawatt renewable energy project. The agreement was formalized during the Rising Rajasthan Investor Meet in New Delhi. This project marks a significant step in the development of renewable energy in Rajasthan.

Bharti Airtel prepaid dues worth Rs 8,465 crore to the government on Monday. However, the company did not specify the remaining balance for dues. Spectrum refers to the rights to use specific airwaves for a designated period.

The bank may offer up to a 5% discount on the floor price. It aims to raise Rs 1,750 crore through the base issue, with an additional Rs 1,750 crore via a greenshoe option, potentially selling up to 61 crore shares (8.6% stake) through the QIP.

JM Flexicap Fund has returned over 40% this year, beating over 96% of peers during the period, according to Bloomberg data. It has been the best performer in its category over a three-year time frame.

On September 30, four stocks with market cap over Rs 10,000 crore 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 Oil Corporation (IOC) withdraws its Rs 22,000 crore rights issue due to the government's non-participation, stemming from the absence of allocated funds for oil marketing companies in the Budget 2024-25. IOC's Q1 2024 net profit fell 81% to Rs 2,643 crore, with revenue dropping 2% YoY.

On September 30, three stocks from the Nifty200 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.

The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore.

TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) earnings on this day.

The company's board of directors on Monday approved raising up to Rs 5,000 crore via non-convertible debentures in 3-4 distinct series with maturities of up to 48 months, in a regulatory filing to stock exchanges.

In a separate news, the ministry of railways has appointed Rabindra Nath Mishra with the additional charge of the post of Director (Finance), IRCTC, in addition to his own, with effect from October 1.

In the Nifty500 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on September 30, suggesting bullishness in counters, according to stockedge.com's technical scan data.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 or longer.

Shares of SpiceJet will attract attention on Tuesday as Plutus Wealth Management LLP acquired 85 lakh shares. The shares were bought at Rs 59.95 each, an increase from the previous closing price. This is the fifth block deal in less than a week, with other significant acquisitions recent as well, boosting SpiceJet's financial prospects.

Eligible firms have placed $465.6 billion in the New York Federal Reserve’s reverse repo facility, the largest amount since late June. This spike is linked to the end of the third quarter. Analysts expect these high inflows to decline soon. The reverse repo facility has seen a reduction in usage as the Fed removes pandemic-era stimulus.