HDFC Bank, India's largest private lender, will announce its second-quarter results for the period ending September 2024 on October 19. The bank previously reported a 35% increase in standalone net profit for the quarter ending June 2024. Interest earned also saw a significant rise, while gross non-performing assets slightly increased.

Bajaj Housing Finance shares have been listed on exchanges with a premium of 114% on Monday. Against an issue price of Rs 70, the stock was listed at Rs 150. Here are other top 10 IPOs with over 100% listing day gain since 2010. (Source: ACE Equity)

Kross' IPO was oversubscribed nearly 17 times by the close, fueled by strong demand from both non-institutional and institutional investors. In contrast, Tolins Tyres saw its IPO subscribed 25 times, reflecting solid investor interest.

Indian stock markets are open today despite Eid-e-Milad-un-Nabi being a settlement holiday. While most brokers restrict selling stocks bought on Friday due to the holiday, Zerodha allows it. However, equity intraday profit credits and F&O credits are not available for withdrawal today.

The APEDA (Agricultural and Processed Food Products Export Development Authority) was requested to take immediate action to implement the decision

Sebi has withdrawn its earlier statement blaming external elements for employee protests against Madhabi Puri Buch. Following discussions, Sebi and its employees agreed to address internal issues through established channels. The initial press release from September 4th has been retracted, and employees condemned the unauthorized release of internal communication.

The pan-European STOXX 600 index was down 0.3%, as of 0710 GMT on Monday, with all major European markets lower and most of the sub-indexes trading in the red

The Bajaj Housing Finance IPO, which saw a multibagger listing with a 114% premium, has created a FOMO among investors. Analysts advise caution due to high valuations, suggesting profit booking for short-term gains while recommending long-term holding for potential growth. The IPO's success may lead to a re-rating of private NBFCs in the market.

Shares of Bajaj Finance and Bajaj Finserv declined by 3.3% and 3%, respectively, on the BSE following the multibagger listing of Bajaj Housing Finance. This IPO is the largest of 2024 so far and was subscribed nearly 67 times the number of shares offered. Bajaj Finance shares hit a day's low of Rs 7,347.10, while Bajaj Finserv shares fell to a low of Rs 1,855.30.

Shares of Macrotech Developers rose 5% to Rs 1,297.60 on BSE after Nomura initiated coverage with a buy rating and a target price of Rs 1,600. The firm expects strong earnings visibility and pre-sales growth at 20% CAGR over FY25-26, supported by solid operating cash flow and low net debt.

Shares of Shubhshree Biofuels Energy made a robust debut on the NSE SME platform on Monday, opening at Rs 189, which is a 58.8% premium over the issue price of Rs 119. This strong start indicates solid investor interest, although the gains were slightly less than the 63% premium anticipated in the grey market prior to the listing.

JM Financial has initiated coverage on ideaForge Technology with a target price of Rs 845, citing its strong technology and global expansion plans. The stock shows a potential 21% upside.

Adani Power Share Price: Shares of Adani Power and Adani Green surged nearly 5% after securing LOIs from MSEDCL for 6,600 MW of hybrid solar and thermal power. Adani Enterprises also saw a 2% rise.

Kross Ltd Share Price: Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. Marquee anchor investors who participated in the anchor round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis MF, Kotak Mahindra Trustee, Alps/ Kotak, Invesco India, Motilal Oswal among others.

Shares of rice companies like KRBL, LT Foods, and Kohinoor Foods surged up to 15% on BSE after the government removed the $950/tonne minimum export price for basmati rice, boosting global demand.

Within sectoral indices, FMCG was the only loser, down around 0.76%, while Nifty Metal was up over 1%. Buying momentum was also seen in PSU bank stocks.

After reaching a record high of Rs 2,428 in December 2023, the cement stock declined by over 22% to Rs 1,887 on September 12, 2024. However, it rebounded after finding support above 1,700 and reclaimed its 50-day moving average, a positive sign. On the weekly charts, the stock found support above the 200-week EMA in June and August 2024.

Power, defence, and railway stocks have seen significant declines from their 52-week highs due to sector churning. Experts advise caution, highlighting the need for clear signs of recovery before investing. While some stocks show stability, the overall market conditions remain uncertain.

Ahead of its listing, Bajaj Housing Finance shares were trading at a GMP of 120% above the issue price. The Rs 6,560 crore IPO of Bajaj Housing Finance is the largest of the year to date, with subscriptions nearly 67 times the shares on offer. As of Q1 FY25, the company has an AUM of Rs 97,100 crore, making it the largest non-deposit-taking housing finance company backed by Bajaj Finance.

Adani Power Share Price: Shares of Adani Power and Adani Green surged nearly 5% after securing LOIs from MSEDCL for 6,600 MW of hybrid solar and thermal power. Adani Enterprises also saw a 2% rise.

Of the Rs 200 crore IPO proceeds, Rs 75 crore will be used to augment long-term working capital requirements, Rs 62 crore for repayment of debut. Further, about Rs 24 crore will be used for investment in the company's subsidiary Tolin Rubbers for repaying its debt and supporting its working capital requirements.

Kross Ltd has raised around Rs 150 crore from 19 anchor investors ahead of its IPO. Marquee anchor investors who participated in the anchor round include EastSpring Investments, Matthews Asia Funds, LIC MF, ICICI Prudential, Axis MF, Kotak Mahindra Trustee, Alps/ Kotak, Invesco India, Motilal Oswal among others.

Bajaj Housing Finance's IPO, which saw massive investor interest, is expected to list at a significant premium. Analysts recommend holding the stock for long-term gains despite high valuations. The IPO's success may also lead to a re-rating of other private NBFCs in the housing finance sector.

Within sectoral indices, FMCG was the only loser, down around 0.76%, while Nifty Metal was up over 1%. Buying momentum was also seen in PSU bank stocks.

Domestic markets surged strongly last week, reclaiming record highs, largely supported by positive global cues. Looking ahead, the coming week will be critical with the US Fed meeting scheduled, and its outcome expected on September 18. In this setup, here are 5 stocks that you can consider buying for returns up to 21% in the short term.

“This white goods space industry stock is on the cusp of breakout after consolidating for four long months. Havells India stock has made a good base on a weekly basis and a comeback of the bulls at 1860 zones indicating buying to sustain here. Traders can buy for a target of Rs 2050,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Brokerage firms BofA and Nomura have given buy ratings to HUL and Macrotech Developers, respectively. CLSA has an outperform rating on Axis Bank, while UBS has a sell view on Hero Motocorp. These recommendations highlight potential growth areas and strategic focuses for each company.

Within sectoral indices, FMCG was the only loser, down around 0.76%, while Nifty Metal was up over 1%. Buying momentum was also seen in PSU bank stocks.

NMDC and 38 other companies have set September 17 as the record date to determine shareholders eligible for dividend payments. Today is the last day to buy shares of these companies to qualify for dividends. Investors must purchase shares at least one day before the ex-date to be eligible for dividends.

Equity indices Sensex and Nifty ended marginally lower on Friday after a record rally, with profit-taking emerging. Stocks in focus included Bharti Hexacom, Jubilant Pharmova, and Westlife. Analysts recommend monitoring key support and resistance levels for these stocks as they show potential for further gains.

Indian stock markets will remain open on September 16, the day of Eid-e-Milad-un-Nabi. Markets will be closed on Mahatma Gandhi Jayanti, Diwali, Gurunanak Jayanti, and Christmas. The BSE Sensex and NSE Nifty fell slightly on Friday. FIIs have been net buyers in the cash market, with retail inflation rising to 3.65% in August.

On the options front, the maximum Call Open Interest (OI) is concentrated at the 26,000 strike, followed by the 25,400 strike. For Put OI, the highest positions are at the 25,000 strike, followed by the 24,500 strike. Call writing is noted at the 26,000 and 25,350 strikes, while Put writing is observed at the 25,300 and 24,900 strikes.

Australian shares neared a record high on Monday, driven by a surge in gold stocks amid rising bullion prices. Investors are anticipating a rate cut by the U.S. Federal Reserve later this week. The S&P/ASX 200 index rose 0.5%, with financials and miners also showing gains.

Several regional companies like PN Gadgil, Arkade Developers, and Manoj Vaibhav Gems N Jewellers have recently launched IPOs, with some outperforming their national peers. These businesses attract private equity due to their strong local market expertise but face risks such as high business concentration and limited market size.

Technical indicators suggest a bullish trend for Nifty with a short-term target of 25,700 and strong support at 25,000. Analysts predict a mid-term target of 26,980. Key stocks to watch include Bank of Baroda, IndusInd Bank, Kotak Bank, ICICI Bank, and DLF. Traders are advised to remain long on both indices.

The ongoing surge in mid-cap and small-cap stocks is expected to continue, driven by domestic investor flows. Analysts caution that the pace may slow after the US Federal Reserve's rate-setting meeting on September 18. Despite high valuations, investor sentiment remains optimistic, with potential for further gains or sharp corrections based on upcoming news.

Bajaj Housing Finance's IPO, which saw massive investor interest, is expected to list at a significant premium. Analysts recommend holding the stock for long-term gains despite high valuations. The IPO's success may also lead to a re-rating of other private NBFCs in the housing finance sector.

Asian stocks began the week cautiously with the U.S. expected to start an easing cycle. Central banks in Japan and the UK are likely to maintain current rates. Economic data from China showed slowing growth, while U.S. retail sales and industrial production are on the watchlist. Geopolitical tensions remain high.

Equity markets reached record highs last week. Today, shares of Bajaj Housing Finance, RIL, Adani Power, Thermax, SpiceJet, and GMR Airports will be in focus due to various developments. Key highlights include Bajaj Housing Finance's market debut and Reliance Retail transferring FMCG brands to Reliance Consumer Products.

Selective stocks gaining momentum

Havells India Ltd, a player in the consumer electronics sector, broke out of a 4-month range last week and reached new record highs. The stock, which had been consolidating in a narrow range since June 2024, hit a fresh peak of Rs 2023 on September 13, 2024. Experts suggest that short-term traders might consider buying the stock now, with a target of Rs 2,050 within the next 2-3 weeks.

Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. When flows for large caps would increase as has been the case in the month of August. they performed better. Now what it does is that it tends to create a sudden surge in mid-cap or the large cap. Similarly when there is an outflow like the kind of one which we saw in March 2024, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave.

The majority of retail traders and investors have a bullish bias in stock markets. There is a good enough reason why this bullish bias got developed. First is that our market ecosystem is built in a manner that it pushes you to be bullish. Right from buy and hold concept and the fact that over the years, bullish bias has been rewarded are few of them. But markets see different phases, ranging from bullish, bearish, high volatility with bearish bias. So what about finding a set of stocks, which have higher probability of meeting criteria which suits the underlying bias of the large majority of investors which is “buy and hold” but with an additional probability that majority of these stocks should give return after witnessing all the volatility which is bound to happen in the market.

Domestic markets may continue their upward trajectory, despite reaching record highs in recent months, as the benchmark Nifty is set for a multi-quarter consolidation breakout, according to ICICI Direct. The brokerage's note predicts that this breakout will trigger a significant rally over the next 6-7 quarters.

Indian equity indices ended marginally lower on Friday, weighed down by FMCG and energy stocks. The S&P BSE Sensex closed 0.09% lower at 82,890, while the NSE Nifty50 ended just below the 25,400 mark.tock recommendations for Thursday:"The short-term trend of Nifty continues to be positive. A sustainable move above 25,400 levels could pull Nifty towards the next upside of around 25,800 in the near term. Immediate support is at 25,200 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Monday:

In sectors like banking when a regulatory rejig takes place, every player has to follow a new set of rules. It is not possible for any entity to escape the regulatory regime. This leads to a situation where entities which are large or are already following best practices are able to make transition to a new regime in a short span of time and are the first one to get rewarded on the street. Others who take time to the follow which normally are smaller or mid sized players tend to get attention later. There is a set of quasi private sector banks which have taken time to change but now that they have changed it is getting reflected in their numbers. 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.

The traditionally reliable Buffett indicator is signaling trouble in the USA, with the market-cap-to-GDP ratio hitting an all-time high of 2x. This surpasses the 1.4x ratio seen just before the GFC in 2008 and the dot-com bubble in 2000. India is also in a high range with a ratio of 1.3x, the highest in over a decade, but still below the 1.7x recorded in 2008 and the 2.2x peak in 1992.

The Indian market experienced profit-taking at higher levels on Friday. The S&P BSE Sensex and Nifty50 both closed marginally lower. The S&P BSE Sensex was down by 71 points, while the Nifty50 closed below the 25,400 level.

The traditionally reliable Buffett indicator is signaling trouble in the USA, with the market-cap-to-GDP ratio hitting an all-time high of 2x. This surpasses the 1.4x ratio seen just before the GFC in 2008 and the dot-com bubble in 2000. India is also in a high range with a ratio of 1.3x, the highest in over a decade, but still below the 1.7x recorded in 2008 and the 2.2x peak in 1992.

The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore to Rs 6,42,531.82 crore.