Kotak Mahindra Bank Ltd has shown positive momentum after testing its 200-DMA on the daily charts. Experts suggest short to medium-term traders can target Rs 2,200 in the next 1-2 months. The stock recently hit a 52-week high of Rs 1,953 and broke out from an inverse Head & Shoulder pattern.

As of September 24, there was a notable surge in futures open interest for four stocks in the Nifty50 index, contributing to a total increase in open interest of over 5% 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.

Easemytrip Share: Nishant Pitti held 28.13% of the company’s equity stake as of June 2024, according to the data available on the exchange website. A total of 64.3% of the equity in the company is held by the promoter and the promoter group. The remaining 35.70% rests in the public shareholders’ hands.

Power Grid Share Price: Power Grid shares rose 4.5% to an all-time high of Rs 366.20 after Goldman Sachs set a target price of Rs 370, citing strong growth prospects and recent project wins.

Low P/E stocks, often regarded as value stocks, are typically favored for long-term investment strategies. According to Trendlyne data, TCS, Tata Motors, SBI, Axis Bank, and ITC are currently trading at lower P/E ratios compared to their respective industry averages. Despite belonging to different sectors, these BSE large-cap index stocks have the potential to rally by up to 20%, as suggested by Trendlyne data. Here is a list:

Indian blue-chip indices opened lower on Wednesday, with Sensex down 64 points and Nifty50 falling 30 points, pressured by IT and banking stocks.

On September 24, the closing prices of four stocks from the Nifty500 pack rallied over 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.

Delta Corp share Price: Delta Corp shares surged up to 9.7% after announcing the demerger of its real estate and hospitality businesses. The company will create two separate listed entities, one focusing on gaming and the other on hospitality and real estate. Shareholders will receive one new share for every existing share held.

On September 24, the closing prices of four stocks from Nifty500 dropped by more than 3% relative to the VWAP (Volume Weighted Average Price), and a shift below the VWAP suggests a potential bearish trend, according to stockedge.com's technical scan data. When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This can be seen as a potential indication of increased selling pressure.

Goldman Sachs has reaffirmed a Buy rating on NTPC, setting a target price of Rs 430. The profits from NTPC Green align with expectations, and Goldman values NTPC at Rs 4,173 billion based on a sum-of-the-parts (SOTP) analysis for a 12-month target, with NTPC Green contributing Rs 784 billion. Additionally, a proposed Rs 100 billion primary issuance would result in a 13% dilution of NTPC's stake.

In the final hour of Tuesday’s session, the index surged to a new all-time high of 26,011, having opened flat and traded within a 125-point range during the day. Although the index crossed the 26,000 mark, slight profit-taking at the end reduced most of its intraday gains.

In the options market, the highest Call open interest (OI) is at the 27,000 strike, followed by the 26,500 strike. Conversely, the maximum Put OI is at the 25,000 strike and then at the 24,500 strike. Call writing is noted at the 26,000 and 27,000 strikes, while Put writing is observed at the 25,900 and 26,000 strikes.

Investors are increasingly holding cash due to concerns over high share valuations and market excesses. Despite criticism, including from Warren Buffett, many prefer the safety of cash or equivalents. Experienced investors are particularly cautious, while newer ones remain bullish. Cash holdings offer a cushion against potential market downturns.

The IPO of KRN Heat Exchanger opened for subscription on Wednesday and will be available until September 27. The company plans to use the proceeds to invest in its subsidiary, KRN HVAC Products, for a new manufacturing facility in Neemrana, Rajasthan, with the remaining funds allocated for general corporate purposes.

The number of stocks on the NSE Nifty 200 index with a consensus ‘buy’ rating totaled 61 as of Tuesday, the lowest in at least a decade, data analyzed by Bloomberg show. LIC Housing Finance Ltd., Sun TV Network Ltd. and Dr. Lal PathLabs Ltd. are among stocks that saw multiple downgrades this quarter, putting their average analyst rating at ‘hold’.

On Wednesday, five stocks are subject to a F&O trade ban: Aditya Birla Fashion and Retail (ABFRL), Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange (IEX).

The Housing and Urban Development Corp (Hudco) has secured a 60 billion yen ($448 million) loan from three major Japanese banks. The five-year loan, priced at 70 basis points above the Tokyo Overnight Average Rate, will be swapped to dollars for domestic lending in India. This transaction is rare for a government-owned company.

The Australian and New Zealand dollars reached multi-month highs, driven by China's aggressive stimulus measures. The yuan also hit its strongest level in over a year. Despite a slight dip in the Aussie after domestic inflation data, global markets were buoyed by China's support measures, impacting currencies linked to its economy.

Benchmark Sensex reached 85,000 and Nifty crossed 26,000 for the first time before closing flat in a volatile session. Power Grid rose 2.77%, IEX declined 11.5%, and Tech Mahindra increased nearly 2%. Analyst Riyank Arora provides recommendations for these stocks as the market resumes trading.

The Securities and Exchange Board of India (Sebi) announced that starting Nov 1, 2024, retail investors applying for public issues of debt securities through stock brokers for amounts up to ₹5 lakh must use UPI to block funds, while other modes of payment will still be available for individual investors through stock exchange platforms.

Blackstone and Vista Equity Partners have agreed to acquire software provider Smartsheet for about $8.4 billion. The buyout firms will pay $56.50 a share in cash, representing a premium of roughly 41% to Smartsheet's average closing price over the past 90 trading days. Shares in Smartsheet rose 6% following the announcement.

The Housing and Urban Development Corp (Hudco) has secured a 60 billion yen ($448 million) loan from three major Japanese banks. The five-year loan, priced at 70 basis points above the Tokyo Overnight Average Rate, will be swapped to dollars for domestic lending in India. This transaction is rare for a government-owned company.

Investors are increasingly holding cash due to concerns over high share valuations and market excesses. Despite criticism, including from Warren Buffett, many prefer the safety of cash or equivalents. Experienced investors are particularly cautious, while newer ones remain bullish. Cash holdings offer a cushion against potential market downturns.

“L&T stock has consolidated within a range in the last few months. This entire consolidation just seems to be a time-wise correction within an uptrend. Traders can buy for a target of Rs 4000 in the next few weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

HDFC Bank, Bharti Airtel, Infosys, ICICI Bank, and M&M contributed over 50%, or 5,700 points, to the recent 10,000-point Sensex rally, as the index surged 13.16% from 75,000 to 85,000, outperforming markets in Japan, France, and China during this period.

Domestic equities reached new highs with Sensex surpassing 85,000 and Nifty breaking 26,000. The rally was driven by positive domestic cues, healthy foreign investments, and the start of the US Fed's rate cut cycle. Investors are now looking forward to US Consumer Confidence data for further market direction.

India's key stock indices reached all-time intraday highs, with the Nifty crossing 26,000 and the Sensex breaching 85,000. Despite a choppy session, the indices ended flat. Market sentiment was boosted by rate cuts from the US Federal Reserve and measures from China's central bank to revive its economy.

Equity markets closed nearly unchanged on Tuesday. Shares of EaseMyTrip, Exxaro Tiles, NBCC, PC Jewellers, Delta Corp, and Tata Power will be in focus due to various developments. Notable updates include promoter stake sales, block deals, Supreme Court petitions, stock splits, qualified institutional placements, demergers, and a fire incident at Tata Power's Trombay plant.

The S&P 500 and Dow closed at record highs on Tuesday, driven by a surge in mining stocks following China's announcement of a major stimulus package. Despite weak U.S. consumer confidence data, sectors like metals and mining outperformed. Federal Reserve Governor Michelle Bowman warned that inflation remains above target, necessitating caution in rate cuts.

Asian shares rose for the fifth consecutive day, driven by Beijing's support measures. US stocks also hit new highs amid expectations of further rate cuts. Chinese equities saw significant gains following a stimulus package. Investors are closely watching US economic data and Federal Reserve actions for future market direction.

It is after quite some time that banking stocks have made a sort of comeback. HDFC Bank and other private sector banks are doing well. Some of the PSU banks have also made a recovery. The key for investors looking at the banking sector is how GDP growth is shaping up. If that is fine – as it is at this point, and is likely to remain on the same trajectory – then rest are secondary issues. There may spark bouts of selling which should be ignored. To take advantage of the fact that a part of the banking sector is being preferred on the street at this point of time, you could look at taking exposure to a mix of stocks – rather than outrightly rejecting them because of their ownership structure. 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.

Between 2005 and 2008, a number of new players entered the power sector. These included established industrial houses as well as new companies without any experience in the power sector. Anything to do with power got valuations unheard of in the sector. Remember the power company IPO that was subscribed within one minute of opening? Also remember the listing took place below the offer price and that stock has kept moving south ever since. After a gap of 16 years, one hears that the company is again raising money. So, before you take a decision to buy, sell, or hold a power sector stock, you need to understand why the sector went into the dumps, and what has led to a turnaround. In short, understand the history. It will ensure you don't hurry into an early exit just because the headlines are shouting about the sector’s under-performance.

Select stocks gain momentum even in volatile markets.

L&T Ltd, part of the construction industry, has broken out from a Diamond pattern on daily charts after consolidating since February-March 2024. Experts suggest short-term traders can target Rs 4000 in the coming weeks. The stock recently gained momentum, supported by technical indicators like Supertrend and RSI, signaling continued positive movement.

​The proposed combination involves acquisition of 100 per cent of the issued and paid-up share capital of Home Credit India Finance Pvt Ltd (Home Credit) by TVSH, STPL, K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWC Family Fund Investments Pte Ltd (GWCF) (STPL Acquirers) and PIOF, CCI said in a release.

On Tuesday, India's benchmark index Sensex settled flat with a slight negative bias, closing down 14 points at 84,914. During the session, five stocks from the BSE auto sector reached their highest prices in the past year. Achieving 52-week high is important as it indicates the peak price a stock has reached over the last 12 months, offering valuable insights for traders and investors. This milestone is crucial for assessing a stock's current value and forecasting future price trends.

Indian benchmark equity indices closed flat on Tuesday after fluctuating between minor gains and losses throughout the session. The S&P BSE Sensex slipped 0.02% to finish at 84,914, while the NSE Nifty50 closed above 25,900."The near-term uptrend status of Nifty remains intact. One may expect further range bound action or minor dip in the next 1-2 sessions. Immediate resistance to be watched around 26250 and support is at 25800," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Here are 4 stock recommendations for Wednesday:

Indian indices ended flat on Tuesday, with initial gains offset by profit-booking. Nifty closed at 25,940.4, up 0.01%. Analysts see a range-bound movement between 25,800 and 26,000, with support at 25,600.

Smartsheet develops software that offers more features and capabilities than Microsoft's Excel, targeting organizations seeking to manage, track, and automate workflows through a unified platform.

Highdell Investment, an entity owned by US-based private equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction.

BofA bought 6.7 lakh shares in Exxaro Tiles Limited through a block deal at Rs 96.22 per share. Setu Securities Pvt Ltd also bought shares in the company. Exxaro Tiles is a Gujarat-based manufacturer of vitrified tiles.

The Supreme Court has rejected Amit Goenka's appeal against the Securities and Exchange Board of India’s decision appointing KPMG Assurance and Consulting Services as a forensic auditor for debt-ridden Shirpur Gold Refinery Ltd (SGRL) and its subsequent report on the firm.

Markets regulator Sebi on Tuesday issued guidelines on the parameters for the performance evaluation of market infrastructure institutions (MIIs), comprising stock exchanges, clearing corporations and depositories by independent external agencies.

Wall Street's main indexes opened slightly higher on Tuesday, as investors scoured for clues on what the Federal Reserve's next policy move might be, while commodity stocks got a boost after China unveiled a bumper stimulus package.

To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds.

Indian market hit fresh record highs on Tuesday but witnessed profit taking at higher levels. The S&P BSE Sensex surpassed the 85,000 mark for the first time while the Nifty50 touched 25,956.

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 significant short covering. Here's the list:

Motilal Oswal has given a "buy" rating to Power Grid, JSW Energy, and Tata Power, with upside potentials of 21.4%, 16%, and 13.3% respectively. NTPC and IEX received a "neutral" rating with target prices of Rs 250 and Rs 226.

Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The industry has requested a simplified CAF with only essential fields for specific FPI categories.

Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.