Global investors are showing renewed interest in China due to Beijing's efforts to reverse economic slowdown and support stock markets. Increased focus on consumer spending and easing home-buying restrictions are key factors. Institutional investors are cautiously optimistic as they await more detailed policy plans from Beijing before making significant investments.

Federal Reserve Chair Jerome Powell said that the central bank will likely continue with quarter-percentage-point interest rate cuts and is not in a hurry to cut rates quickly. Powell emphasized confidence in ongoing economic growth and consumer spending. The Fed aims to maintain low unemployment and manage inflation towards its 2% target.

“Bank of Baroda stock has formed a double bottom pattern around 230 levels as witnessed a sharp bounce last week. Traders can buy for a target of Rs 270-275 in the next 1-2 months,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

The S&P 500 reached a record high close, recovering after Fed Chair Powell indicated no rush for more rate cuts. The Dow also hit a peak as all major indexes posted monthly and quarterly gains. Investors' confidence in the Fed's outlook remains robust.

Rupee depreciated 10 paise to settle at 83.79 against the US dollar on Monday, taking cues from equity markets that saw a steep fall of over 1 per cent amid volatile crude oil prices and significant foreign fund outflows.

Rupee depreciated 10 paise to settle at 83.79 against the US dollar on Monday, taking cues from equity markets that saw a steep fall of over 1 per cent amid volatile crude oil prices and significant foreign fund outflows.

Power Grid Corporation of India's stock has gained 5.4% due to positive expectations from the forthcoming National Electricity Plan with a capex of Rs 9.2 lakh crore. The company raised its capex guidance and holds a robust work pipeline with strong earnings outlook, supported by significant projects and better dividend yield.

Mankind Pharma announced that it would raise up to Rs 10,000 crore through issuance of non-convertible debentures (NCD) and commercial papers.

Treasuries extended declines, pushing short-term yields higher, after Chair Jerome Powell’s cautious stance in saying the Federal Reserve will lower interest rates “over time,” while re-emphasizing that the overall economy remains on solid footing. Emerging-market stocks ended the day lower as the Powell comments weighed on sentiment.

Kotak Mahindra Bank, led by CEO Ashok Vaswani, aims to become the third-largest private lender in India by 2030. The bank is open to acquisitions and plans to use technology and operations scaling to achieve its goal. Vaswani is the first non-promoter CEO, following the tenure of founder Uday Kotak.

This was Sebi's first board gathering after the emergence of conflict-of-interest allegations directed at the regulator's chair, Madhabi Puri Buch. Sebi's press statement issued late evening remained silent on allegations against Buch and HR issues raised by its employees.

The NSE Nifty fell 1.4%, or 368.10 points, to close at 25,810.85. The BSE Sensex declined 1.5%, or 1,272.07 points, to close at 84,299.78. Japan's Nikkei 225 Index slumped 4.8% with Shigeru Ishiba set to take over as the country's new Prime Minister on Tuesday. His appointment has also made global investors uneasy as higher interest rates would lead to a stronger yen, prompting investors to reverse carry trades.

Deposit growth is currently outpacing credit expansion. Although a policy rate cut is expected in the second half of the fiscal year, bank deposit rates are likely to stay high for now. This is due to the slow pace of deposit mobilisation and the need for capital to fund private capital expenditure, which is on the rise.

SpaceMantra withdraws its ₹490 crore bid for Future Lifestyle Fashions days before winning creditors' vote, citing delays and value erosion. Creditors, including lead lender SBI, face hurdles in recovery as the consortium fails to comply with payment obligations, risking only the ₹2 crore deposit.

The RBI warns of supervisory action if banks do not rectify irregularities in gold loan practices within three months. The gold loan sector has seen rapid growth, necessitating enhanced controls and transparency, particularly concerning third-party involvement and potential misuse in valuation and loan disbursement.

Despite expectations, SEBI has decided not to curb weekly F&O expirations or raise minimum contract sizes for now. This comes as the regulator grapples with a surge in speculative trading that has cost retail investors Rs 1.81 lakh crore over the past three years.

The Reserve Bank of India has voiced concerns about small finance banks' over-reliance on high-cost term deposits and potential defaults due to inadequate credit underwriting. RBI also highlighted cyber threats, poor customer service, and high charges, stressing the need for robust underwriting to mitigate risks.

​​The NCDs are rated A+/Stable from both India Ratings and CRISIL Ratings. Axis Bank and Trust Investment Advisors Private are the arrangers for the issue which opens on September 30, 2024, with a tenor of 3 years, 11 months, and 7 days.

Select stocks gain momentum even in volatile markets.

MGID has partnered with Mirchi to expand native advertising in India. By using Mirchi's digital ad network, they plan to offer high-impact ad formats. This collaboration aims to provide personalised and engaging ad solutions for Indian brands. MGID’s technology will be combined with Mirchi's local market expertise in over 60 cities.

The Telecom Regulatory Authority of India (Trai) seeks opinions on how current FM radio broadcasters should shift to digital radio, aiming to create a digital radio broadcast policy. Trai requires written comments by October 28 and counter comments by November 11.

A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 29% as per analysts’ price targets.

Policyholders of traditional life insurance will see reduced returns due to new guaranteed surrender value rules starting October 1. Non-participating policyholders will face a 0.3-0.5% drop in returns, while participating policies will experience decreased bonus payouts over time. These changes align with falling government bond rates.

Flows from foreign funds into Indian equities were moderate in the first-half of 2024 on concerns over rich valuations and tight monetary policy in the US. With the dollar weakening following the rate cut in the US and India's weight on global indices increasing, foreigners have increased their local holdings.

This stock reached a peak price of Rs 298 on June 3rd, 2024, but then began to decline. By July, it had fallen below both its 50-day and 200-day moving averages, a bearish signal. Although the stock briefly recovered and climbed back above its 50-day moving average in August, this upward movement was short-lived. Overall, the stock is currently trading over 16% lower than its June high.

Power Grid Corporation of India's stock has gained 5.4% due to positive expectations from the forthcoming National Electricity Plan with a capex of Rs 9.2 lakh crore. The company raised its capex guidance and holds a robust work pipeline with strong earnings outlook, supported by significant projects and better dividend yield.

On Monday, the weighted average call rate rose to 6.68%, exceeding the Reserve Bank of India's 6.50% repo rate, due to uneven liquidity distribution in the banking system. Public sector banks faced a shortfall, despite an overall liquidity surplus of Rs. 79,806 crore.

Sebi has approved new norms for a faster rights issue process. The timeline is now reduced to 23 working days, compared to the current average of 317 days. The changes allow flexibility for allotment to specific investors and give an opportunity to existing shareholders. The discontinuation of certain requirements aims to streamline the process.

Despite expectations, SEBI has decided not to curb weekly F&O expirations or raise minimum contract sizes for now. This comes as the regulator grapples with a surge in speculative trading that has cost retail investors Rs 1.81 lakh crore over the past three years.

Sebi reviewed the performance of the Beta version of T+0 settlement cycle and will increase the eligible trading scrips to the top 500 companies. This will be done in phases. FPIs and Mutual Funds will have access. An optional block deal window mechanism will be introduced. The current T+1 settlement cycle will continue.

Plutus Wealth Management purchased a significant stake in SpiceJet, buying shares at Rs 59.95 apiece. This was a slight increase from Friday's closing price of Rs 58.99. The stock surged on Monday, closing at Rs 63.70, a gain of 7.98%. This indicates a positive market response to Plutus's investment in the airline.

Market regulator Sebi approved a new asset class for high-net-worth investors to invest in riskier regulated products. The minimum investment will be Rs 10 lakh. This new class, called ‘Investment Strategies’, aims to add depth to the investment landscape. Sebi also introduced the Mutual Funds Lite framework for passively managed schemes.

Indian benchmark equity indices fell sharply on Monday, with the Sensex dropping nearly 1,300 points and the Nifty slipping near the 25,800 mark, amid mixed cues from regional markets. The 50-stock index Nifty50 closed the day lower by 1.4% or 368 points at 25,810.85 while the S&P BSE Sensex ended 1.5% or 1,272 points lower at 84,299.The Nifty slipped sharply following a brief pause in the previous trading session, breaking below its recent consolidation, expert Rupak De of LKP Securities said. This decline was accompanied by a significant negative divergence in the RSI (14), indicating potential further weakness, De said, adding that the sentiment could remain weak in the near term, with support placed at 25,750 and a break below 25,750 could lead to further correction. On the higher side, resistance is seen at 26,000, this analyst said.Here are 5 stock recommendations for Tuesday:

Sebi has approved the introduction of the Mutual Funds Lite (MF Lite) framework for passively managed schemes. This framework reduces eligibility criteria for sponsors and compliance requirements. Existing AMCs can manage active and passive schemes separately. The new regulations aim to encourage new players, enhance market liquidity, and foster innovation in the mutual fund sector.

The company will raise up to Rs 5,000 crore through non-convertible debentures (NCDs) maturing in up to 48 months, according to a regulatory filing.

Technological disruption has consistently reshaped investment themes by transforming industries, creating new markets, and displacing established ones. From the industrial revolution to the internet era, each wave of innovation redefined value chains and capital allocation.

In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records.

Based on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars issued by Sebi, NSE and BSE.

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

The Dow Jones Industrial Average lost 77.94 points, a 0.18% dip, landing at 42,235.06. The S&P 500 wasn't far behind, shedding 0.20% or 11.43 points to start at 5,726.74. The Nasdaq Composite took the biggest hit, falling 44.76 points, a 0.25% decrease, to open at 18,074.83.

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 Monday's trading session, five stocks witnessed a long unwinding. Here's the list:

Indian market closed in the red for the second consecutive day in a row on Monday. The S&P BSE Sensex fell more than 1,200 points while the Nifty50 closed below 25,900 levels.

A technical analyst, Nagaraj Shetti, believes that the Nifty index is likely to decline further in the near future. He points to the formation of a bearish reversal candle pattern, similar to a bearish evening star, on the daily chart. This pattern, combined with a gap-down opening, suggests that the short-term uptrend may be over.

In a gloomy start of the week, Bear's return to the street as Sensex plunged to 1000 points, the nifty also slipped below the 26,000 mark as investors continue to book profits, especially in IT and financial sectors. RIL, ICICI Axis and HDFC Bank were top drags, pushing the Sensex low by 535 points. Bharti Airtel, M&M, Infosys and Tata Motors also contributed to the decline. The market capitalization of all listed companies on the BSE fell by nearly three lakh rupees to 475 lakh crores. Here are key factors behind the Monday Mayhem.

At the first hint that of a Chinese economic recovery, it is metal stocks which tend to be in the limelight. Nothing wrong with that. But there are other sectors as well that stand to gain from a Chinese recovery, as demand for their products tends to spike both in China and India. The reason why they don't hog the headlines is that they are small- or mid-sized companies supplying raw material to metal companies. Also, their stocks are not widely held. Analysts are bullish on these stocks – with most having a “Strong Buy” rating and score in the neutral territory.

Nifty's October performance over the past decade has been largely positive, with the index closing higher on eight occasions. Domestic institutional investors have been net buyers, while foreign institutional investors have often sold. Sectoral indices like Bank Nifty and Nifty Auto also showed strong gains during this period.

HSBC predicts that Varun Beverages will not only become the largest PepsiCo bottler ever, but also the most disruptive, as competition heats up in the Indian beverage market.

Stating that the near-term performance in the IT sector may disappoint the investors against their elevated expectations, domestic brokerage firm Motilal Oswal named HCL Technologies, LTIMindtree, Persistent Systems and Coforge as its top picks in the sector.

IoC's filing to the stock exchanges stated that this was a continuation of their earlier intimation from July 7, 2023. In that earlier intimation, they had informed that the Board had granted approval for raising capital by issuing equity shares on a rights basis. The amount would not exceed Rs 22,000 crore, pending the receipt of necessary statutory approvals.

Indian benchmark equity indices experienced a sharp decline on Monday, with the Sensex dropping over 1,200 points and the Nifty falling below 25,900. The fall was driven by losses in Reliance Industries, IT, and financial stocks. Geopolitical tensions and investor nervousness ahead of key US data also contributed to the market downturn.