The U.S. central bank kicked off its monetary-easing cycle on Wednesday with a jumbo reduction that brought the benchmark policy rate to 4.75%-5.00% range.

As the auto sector goes through a transformation, analysts are getting bullish on select auto 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.

HCL Tech Share Price: Kotak Institutional Equities downgraded HCL Technologies to "reduce," citing full valuations and growth headwinds, while noting potential recovery in FY2026.

SpiceJet, with statutory dues exceeding Rs 601 crore, has successfully oversubscribed its Rs 3,000 crore share sale to qualified institutional buyers. The funds will help the airline address financial and legal challenges, including clearing dues and settling liabilities with creditors and vendors.

Japan's Nikkei share average reached its highest closing level in over two weeks, driven by exporters as the yen weakened against the dollar. The broader Topix also rose, with significant gains in Toyota and Honda. All industry sub-indexes on the Tokyo Stock Exchange traded higher, with shipping firms and the insurance sector performing strongly.

Indus Towers Share Price: Indus Towers' shares dropped 10% to their day's low of Rs 366.30 on the BSE after the Supreme Court upheld its ruling on the Adjusted Gross Revenue (AGR) case, rejecting telecom companies' requests for a re-computation and affirming the full AGR demand.

Vodafone Idea Share Price: Shares of Vodafone Idea fell 15% to Rs 10.96 on NSE after the Supreme Court rejected telecom companies' request for re-computation of Adjusted Gross Revenue (AGR) dues. Vodafone Idea faces a burden of Rs 70,320 crore in AGR dues. Goldman Sachs has set a target price of Rs 2.5, indicating an 83% downside potential.

The US Federal Reserve's unexpected 50 basis points rate cut has led to a mixed reaction in the stock market. While Indian bluechip stocks rallied, smallcaps and midcaps saw losses. Analysts predict potential rate cuts in India, benefiting rate-sensitive sectors like banks and financials.

Paytm Share Price: The company was in headlines on selling its ticketing business to Zomato and also on the reports of SEBI issuing show-cause notices to Vijay Shekhar Sharma, the founder of the company.

Bajaj Housing Finance Share Price: Bajaj Housing Finance shares have fallen by 11% over the past two days after a strong debut. Despite this dip, analysts remain optimistic due to the company's strong growth and support from the Bajaj Group. Experts suggest holding or buying on dips for long-term gains.

Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL's shares to CFM in exchange for the release and discharge of the guarantee provided by Reliance Power.

MS considers Brainbees a key player in India's growing childcare market, particularly through its connection with FirstCry. The firm sees multiple growth drivers & potential for further upside despite strong post-listing performance. It benchmarks Brainbees against Indian consumer discretionary stocks due to similar growth and stable EBITDA margins.

The U.S. Federal Reserve's significant rate cut of half a percentage point led to a muted market reaction, with stocks and the dollar reversing positions. Analysts predict potential volatility ahead, particularly in bond yields. Investors are now focused on upcoming economic data to gauge future market direction.

Fiem Industries Ltd, an auto component stock, has surged by 30% in a month, reaching new record highs. Experts suggest that the rally may continue, with a target of Rs 2,000. The stock has shown strong bullish momentum and investor interest, supported by key moving averages and technical indicators.

Excellent Wires and Packaging debuted on the NSE SME platform at Rs 85, a 5.56% discount from its IPO price, despite strong subscription interest. The company focuses on wire manufacturing and packaging solutions.

The company will only issue new shares and existing shareholders will not sell any stake, according to the draft papers.

Morgan Stanley has an overweight rating on the stock while BofA has a buy rating with a target price of Rs 818 and Rs 770 respectively.

​NTPC, LTI Mindtree and Wipro were among the top gainers in Nifty and were up around 2% each while heavyweights HDFC Bank and Infosys contributed the most to Sensex and Nifty's gains.

Domestic brokerage JM Financial sees the outperformance of FMCG stocks reversing and has recommended investors to trim their positions in the overall sector on every rise. It sees seasonality effect Nifty FMCG's mean and the median underperformance stood at 6.3% and 6.4%, respectively.

Shares of Indian Renewable Energy Development Agency rose 4.4% on the BSE after receiving government approval to raise Rs 4,500 crore through a Qualified Institutions Placement. The company reported a net profit of Rs 384 crore for the June quarter, marking a 30% increase from the previous year.

National Aluminium Company and 86 other firms are in focus today as they set September 20 as the record date for dividend eligibility. Today is the last opportunity to purchase shares of these companies to qualify for the announced dividends, which are paid to shareholders listed in the company's records on the record date.

The Federal Reserve's decision to cut interest rates by half a percentage point has stirred the 2024 presidential race. Kamala Harris welcomed the move as beneficial for middle-class families, while Donald Trump suggested it might be politically motivated. The economy and interest rates have become key issues in the election debate.

The Federal Reserve is set to announce an interest rate decision and new economic projections. Policymakers have maintained rates between 5.25% and 5.5% since July 2023, but cuts are expected. Investors will closely watch the Fed's forecasts for insights into future policy changes.

Traders increased their bets on future US interest-rate cuts after the Federal Reserve reduced its benchmark by half a point. The market now expects another 70 basis points of reductions this year, despite officials forecasting only a half-point cut in 2024. Treasury yields rose following the Fed's decision and remarks by Chair Jerome Powell.

Brokerages have issued recommendations for several companies: Emkay upgraded Tata Motors to "buy," Morgan Stanley and BofA initiated coverage on Brainbees with positive ratings, and Citi maintained a "buy" on Exide, lowering its target price.

Jerome Powell's significant interest-rate cut initially boosted stocks and bonds, but gains faded as economic realities set in. Despite the aggressive move, market clarity remains elusive with stock prices near record highs and a slowing economy. The Fed's future rate cuts are uncertain, causing concern among traders.

The Federal Reserve's decision to cut its benchmark interest rate by 50 basis points is expected to positively impact Asian stocks. Analysts believe this move will provide more room for regional central banks to loosen policies, easing monetary pressure and boosting risk assets and high-yield currencies in the region.

A 1:1 bonus share issue means that shareholders will receive one additional share credited to their demat account for each existing share they hold, assuming they meet the eligibility criteria.

Goswami Infratech, part of the Shapoorji Pallonji group, has requested a three-month extension from bondholders for coupon payments on Rs 14,300 crore high-yield bonds. The company also seeks a one-month delay in the IPO deadline for Afcons Infrastructure to October 31. These extensions are crucial to avoid higher interest rates.

"I don't see anything in the economy right now that suggests that the likelihood of a recession -- sorry, of a downturn -- is elevated," Powell said in a news conference.

Domestic markets experienced another session of volatility, closing flat in accordance with global trends as the US Fed meeting approaches. In today’s trading, shares of NTPC, IREDA, SpiceJet, Nazara Tech, GE T&D India, and Power Grid, among others, will attract attention due to various news developments.

After hitting lows around Rs 3,583 in June 2024, the price experienced a significant upward movement, reaching an all-time high of Rs 4,592, marking a nearly 30% return from its lower level, with buyers dominating the market. A Higher Top Higher Bottom pattern developed during this rally.

Indian Renewable Energy Development Agency (IREDA) plans to raise ₹30,000 crore in FY25 through debt and equity. The company, which listed in November 2023, aims to fund part of this through a follow-on public offer by early next year. IREDA seeks to expand its loan book beyond ₹85,000 crore by the end of the current financial year.

Moves letter rogatory under PMLA to get evidence from Barcelona servers.

Major stock indexes rose and the dollar weakened as traders reacted to a significant interest rate cut by the Federal Reserve. The central bank lowered the overnight rate by half a percentage point, aiming to curb inflation. This move influenced consumer rates and led to gains in the Dow Jones, S&P 500, and Nasdaq Composite.

India has surpassed China in the MSCI AC World Investable Market Index, with Indian stocks now holding a 2.35% weight compared to China's 2.24%. This shift is driven by the strong performance of Indian equities, which have gained 23% this year, significantly boosting India's representation in global indices.

The Bank of England is expected to keep interest rates unchanged as it monitors inflation risks. Attention shifts to its decision on bond sales, which could impact Finance Minister Rachel Reeves' upcoming budget. Economists predict a cautious approach, with a focus on quantitative tightening and its fiscal implications.

Asian stocks and US equity futures rose after the Federal Reserve cut interest rates by half a percentage point, signaling further easing. Japanese equities benefited from a weaker yen, while Australian shares also climbed. The Fed's move allows regional central banks to ease without exchange rate concerns.

"Radico Khaitan stock has recently given a breakout from its Flag formation on the daily chart, a bullish continuation pattern, signaling the potential for an upward movement. Traders can buy the stock for a target of Rs 2265 in the short term," Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

U.S. stocks ended with modest losses on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the first reduction in over four years. The Dow, S&P 500, and Nasdaq all experienced intraday highs before closing lower. Small cap stocks and regional banks saw gains, while trading remained choppy throughout the day.

In the short term, stock prices may be impacted by what the US Fed does or does not do. So, it is the US Fed impact which is playing out today on the street. But in the medium to long term, the trend in the stock prices and the absolute value of the stock price is impacted by fundamentals of the sector and the valuations. Given the fact that valuations are not cheap, but at the same time fundamentals are improving in a large number of industries. This brings a situation where analysts are bullish in specific sectors and stocks. Keep an eye on liquidity and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth and nifty stays positive then it is very likely that we might see more strength in mid-caps. ET Screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

The Nifty 50 experienced a volatile session, initially rising before facing significant selling pressure, dropping over 200 points from its high. It ended down by 41 points (-0.16%). PCBL Ltd saw a bullish trend after breaking out from consolidation, with increased volumes and technical indicators suggesting an 8% potential rise in price.

The stock's recent breakout from a bullish flag pattern hints at a continued upward trend. This follows a previous breakout from a rectangle pattern in August. The stock has navigated a range, with 1,800-1,900 acting as resistance and 1,500 or the 200-day moving average offering support. Currently, the stock trades above key short and long-term moving averages, further reinforcing the positive outlook.

The US central bank is increasingly confident that strength in the jobs market can be maintained with an "appropriate recalibration" of policy, said Federal Reserve Chair Jerome Powell. He added that he doesn't believe the central bank waited too long to cut its interest rate target.

The Federal Reserve has announced a half-point rate cut before the end of this year and an additional percentage point cut in 2025. This decision will lower borrowing costs for consumers and businesses. The Fed is confident that inflation is moving towards its 2 percent target, with balanced risks to employment and inflation goals.

US stocks surged after the Federal Reserve cut interest rates by half a percentage point, ending its rate-hiking cycle. The Fed reduced its overnight lending rate to a range of 4.75%–5%. Wall Street responded positively, with the Dow Jones climbing 120 points and both the S&P 500 and Nasdaq Composite reaching new all-time highs.

Futures on the fed funds rate have priced in about 76 basis points of additional rate cuts by the Federal Reserve by year-end. This follows a recent decision to cut interest rates by 50 basis points, amid concerns about the U.S. labor market. Rate futures also indicate a probable 25 basis point cut in November.

The Federal Reserve has announced a half-point rate cut before the end of this year and an additional percentage point cut in 2025. This decision will lower borrowing costs for consumers and businesses. The Fed is confident that inflation is moving towards its 2 percent target, with balanced risks to employment and inflation goals.

The US Federal Reserve lowered its benchmark interest rate by 50 basis points, marking the first cut since 2020 as the central bank began reversing the restrictive measures it implemented to combat inflation.US Fed slashes interest rates by 50 bps for the first time since 2020

Indian indices ended lower on Wednesday, breaking their two-day winning streak. Nifty formed a spinning top candle, indicating short-term hesitation. Analyst Hrishikesh Yedve recommends a buy on dips strategy as long as Nifty stays above 25,080. Resistance is at 25,500, and support is at 25,280-25,300.--