The Nifty Index traded positively near the 25,000 mark on Tuesday, recovering from a slight dip. It closed with gains of around 100 points, forming a small bullish candle. Traders are advised to hold above 25,000 zones for an up move towards 25,200-25,300 zones. Volatility has been cooling off.

CLSA maintains a hold rating on Infosys with a target price of Rs 1,747. The company's outlook for the rest of FY25 remains stable, with continued demand tailwinds in certain BFSI sectors but some headwinds from the EU auto sector. CLSA notes that demand uncertainty around macro issues is diminishing. Infosys is positioned well for a potential revival in discretionary demand in FY26.

Stock Market News: Domestic equity indices Sensex and Nifty opened slightly lower on Wednesday, reflecting global market trends. Investors are awaiting key US inflation data, which could influence the Federal Reserve's rate decision. The CPI report is expected to show inflation nearing the Fed's 2% target, potentially leading to a significant rate cut next week.

Tata motor share price: Shares of Tata Motors fell 5.4% to 980.10 on the BSE after announcing price cuts of up to Rs 2.05 lakh on EVs and popular cars, signaling weak growth prospects. UBS responded with a 'sell' rating and a target price of Rs 825. The price cuts, part of the ‘Festival of Cars’ promotion, come amid a significant inventory buildup and a 4.5% decline in dealer sales in August, marking the third drop this financial year.

REC Ltd has doubled investors' wealth in the past year despite recent consolidation. Experts suggest buying on dips or if the stock holds above its 50-DMA, with a near-term target of Rs 680. The stock shows stability above key support levels and indicators suggest potential for further gains.

Namo eWaste Management's shares listed on the NSE SME platform with a 90% premium, debuting at Rs 161.5 against an issue price of Rs 85. The IPO, fully subscribed 200 times, aims to fund a new factory unit in Nashik and other corporate purposes. The company specializes in recycling electrical and electronic equipment waste.

Nifty's 1-year returns of 25% have outperformed major global indices, with the S&P 500 trailing at 22%. Experts attribute this to India's robust domestic economy and growing retail investor base. Despite global economic tensions, Indian markets have shown resilience, recovering swiftly from setbacks. Investors are advised to focus on fundamentals and consider asset allocation reviews.

WTI crude oil traded below $68.30 per barrel on Tuesday, as weak demand from China offset U.S. supply disruptions caused by Tropical Storm Francine. Brent futures also fell to $71.50 a barrel. With crude prices declining, companies in the paints, rubber, plastics, and chemicals sectors are poised to benefit. Here are 10 stocks expected to gain from lower crude oil prices, according to StockEdge data:

In the options market, the highest Call open interest is positioned at the 26,000 strike, followed by the 25,100 strike, while the maximum Put open interest is at the 25,000 strike, and then at the 24,600 strike. Call writing is observed at the 25,100 and 25,050 strikes, whereas Put writing is taking place at the 25,000 and 24,600 strikes.

Sebi Madhabi Puri row: The credibility crisis at the Securities and Exchange Board of India (SEBI) persists as Chair Madhabi Puri Buch faces scrutiny over potential conflicts of interest. Allegations from the Congress Party and Hindenburg Research raise questions about her financial dealings and past investments, prompting calls for stricter financial controls and transparency within SEBI.

Varun Beverages, PepsiCo's bottling partner, has announced a 2:5 stock split effective from September 12, 2024. This means each Rs 5 share will be split into shares worth Rs 2 each. The company reported a 26% YoY increase in profit for Q2 2024 and a 28% rise in revenue.

Motilal Oswal Financial Services anticipates a recovery in the IT sector, citing a rebound after a phase of discretionary spending cuts, with HCL Technologies, LTI Mindtree, and Persistent Systems as top picks, and an upgraded ‘Buy’ rating for Coforge. The firm believes the sector is poised for sustained growth over the next 2-4 years.

The finance ministry has proposed amendments to allow stock brokerages to invest in non-securities or unrelated businesses, provided they don't use client money or create financial liabilities. This move aims to expand brokers' revenue streams while protecting client assets. Public comments on the proposal are invited by October 10.

SJVN, recently granted Navratna status, has set September 12 as the record date for determining shareholders eligible for dividend payments. The company announced a final dividend of Rs 0.65 per share for FY 2024-25. Other companies like Amines & Plasticizers and Bharat Rasayan also declared dividends, with shares trading on an ex-dividend basis from Thursday.

Benchmark Sensex gained nearly 362 points, with Nifty closing above 25,000 on Tuesday. Stocks in focus included GMR Airports, IREDA, and Suzlon Energy, which saw significant gains. Analyst Viral Chheda suggests these stocks have potential for further growth and recommends buying at current levels and dips for long-term investment.

Traders reduced their bullish bets on insurers after the GST Council left rates on insurance products unchanged. HDFC Life, ICICI Prudential Life, and ICICI Lombard saw declines. The industry is lobbying for a rate cut from 18% to 12%. A group of ministers will review the proposal before the next meeting in November.

The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank's violations include multiple customer identification codes and collateral security for agricultural loans. HDFC Bank's issues involve giving gifts to depositors and contacting customers outside permitted hours.

“We are seeing a gradual recovery in the chemical pack and Deepak Nitrite is among the top performers. Traders can buy for a target of Rs 3450 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Investors continued to pour money into equity mutual funds in August, with inflows reaching ₹38,239 crore. Systematic investment plans (SIPs) also saw a record high of ₹23,547 crore. Debt funds attracted ₹45,169 crore. The mutual fund industry's total average assets under management surged to ₹66.04 lakh crore.

Wall Street's S&P 500 index rose by 0.5% on Tuesday, but gains were limited due to concerns about slowing economic growth. Bank stocks fell after warnings of current-quarter weakness, and energy shares dropped as crude oil futures declined. Investors are closely watching upcoming inflation reports and the U.S. presidential election.

Stocks in news: Domestic markets continued their rebound, gaining nearly half a percent on Tuesday, driven by a recovery in global indices. Key stocks like HDFC Bank, Vodafone Idea, Dr Reddy's, Reliance Industries, and IndiGo will be in focus due to various developments including loans, penalties, and regulatory clarifications.

Asian stocks fluctuated as investors await U.S. inflation data and a crucial presidential debate between Kamala Harris and Donald Trump. The debate could influence fiscal policies and economic plans. Oil prices remained near three-year lows due to weak demand concerns, while the U.S. dollar stayed defensive.

In any volatility which is caused by global factors, it is the banking stocks which bear the brunt of selling, the reason is simple, FII will sell what they own and it is the banking sector where they have the highest exposure. But as soon as that selling is over and the money starts to make a comeback, it is banking stock which is the first one to attract funds, again the reason is simple, they are the best proxy for economic growth. 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 markets extended their gains but faced resistance at key levels, with the Nifty ending up by 104.70 points. Tata Power shows potential for a breakout from its consolidation range, while Honasa Consumer has broken out from its horizontal trendline resistance, indicating a possible 7% rise in stock price.

The stock, despite hitting a 52-week high in August, couldn't sustain the momentum and retreated, finding support at the 50-DMA. However, it recently broke out of a 3-year consolidation, overcoming the 2,700 resistance level which had previously acted as a significant barrier. This breakthrough signals a potential shift in the stock's trajectory. While it currently trades above this crucial level, investors should remain watchful as the market continues to evolve.

Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.

This video discusses the recent allegations against the SEBI Chief, including claims of conflict of interest, earnings from large corporations, and the activities of her advisory firm. It also discusses what Mahindra and Mahindra said about Dhaval Buch’s role. Dive into the controversy involving the SEBI Chairperson and hear the companies' responses. Watch!

Investors are increasingly jittery ahead of the first US presidential debate between Kamala Harris and Donald Trump. Volatility measures are rising, reflecting uncertainty in the tight race. The debate could significantly impact market sentiment amid mixed economic signals and ongoing political risks.

Indian equity indices closed higher on Tuesday, led by IT and pharma stocks. The S&P BSE Sensex closed 0.44% higher at 81,921, while the NSE Nifty50 ended above the 25,000 mark."The short-term trend of Nifty seems to have reversed up and the Nifty is currently placed at the crucial resistance of 25200 levels. A decisive move above this hurdle could only open further upside towards the new all-time highs. Immediate support is at 24900," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:

The S&P 500 and Nasdaq saw gains as most megacap stocks rose, with Tesla leading the way. Investors are now focusing on key inflation data due later this week. Apple fell after losing a tax battle in the EU, while Oracle surged following strong quarterly results.

The collective weight of the consumption-related sectors including automobiles, consumer durables, consumer services, FMCG, and telecommunications in the portfolios of foreign portfolio investors (FPIs) reached a record high 25.5% at the end of August 2024, according to data from NSDL.

Dr Reddy's Laboratories has refuted allegations by the Indian National Congress that it benefited from its association with SEBI chairperson Madhabi Puri Buch's husband, Dhaval Buch. The company clarified that Dhaval Buch's engagement ended before Madhabi Buch became SEBI Chairperson and emphasized compliance with all laws. Dhaval Buch was hired for leadership coaching from October 2020 to April 2021, receiving remuneration in line with industry standards.

Wall Street's main indexes opened higher on Tuesday ahead of key inflation data later this week that could firm up bets on the size of the interest rate cut that the Federal Reserve is expected to deliver on Sept. 18.

Oracle shares rose more than 10% on Tuesday as a push to embed AI into its cloud service products boosted its first-quarter results and helped it narrow the gap with market leaders.

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:

SpiceJet announced that Carlyle Group's aviation arm will convert $30 million of the airline's lease arrears into equity, boosting SpiceJet shares by 4 percent. Carlyle Aviation will also write off $40.17 million in lease arrears and convert another $20 million into debentures of SpiceXpress & Logistics Private Limited.

Nagaraj Shetti of HDFC Securities stated that the Nifty's short-term trend appeared to have reversed upward and was currently at the crucial resistance level of 25,200. He suggested that a decisive move above this level could potentially open the door for further gains towards new all-time highs. He also identified the immediate support level for the Nifty at 24,900.

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

Domestic equity indices, Sensex and Nifty, closed higher for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and pharma stocks following a tax cut on select cancer drugs.

Oil prices have plummeted to their lowest point in 14 months, with Brent Crude hovering around $72 per barrel and US WTI dipping below $70. Concerns over economic conditions in major consumers like the US and China are casting a shadow on the outlook for oil demand. Despite this, a report from Yes Securities suggests that prices could stay within the $70-77 range throughout FY25/26, buoyed by India's consistently strong demand for oil.

Indian market closed in the green on Tuesday for the second consecutive day in a row. The S&P BSE Sensex rose more than 360 points while the Nifty50 closed above 25000 levels.

As per new filings accessed by ET, Oyo's hotel count grew from 12,938 hotels at the end of financial year 2023 to 18,103 at the end of financial year 2024, marking a 40% growth. The company's vacation homes business added 5000-6,000 homes, reaching 84,600 homes by the end of financial year 2024.

Domestic equity indices, Sensex and Nifty, closed higher for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and pharma stocks following a tax cut on select cancer drugs.

Domestic equity indices, Sensex and Nifty, closed higher for the second consecutive day on Tuesday, driven by gains in IT stocks ahead of key U.S. inflation data and pharma stocks following a tax cut on select cancer drugs.

Indian benchmark equity indices Sensex and Nifty50 opened higher on Tuesday, led by IT and pharma stocks, and tracking a rebound in global stocks ahead of key US inflation data and the Federal Reserve's interest rate decision. In Tuesday's session, seven large and midcap stocks from the Nifty200 index reached new 52-week highs. Here's the list:

IT stocks surged on Tuesday, with Coforge hitting a 52-week high. Analysts from Motilal Oswal and Nuvama foresee recovery in the sector, citing potential rate cuts and evolving work distribution.

This advanced facility, equipped with TOPCon and Mono Perc technology, is poised to significantly increase domestic solar cell and module production. This will contribute to India's solar energy goals and its commitment to achieving net-zero emissions. The plant is expected to reach its full 4 GW capacity within the next few months, with the remaining 2 GW coming online in the next 4-6 weeks.

AstraZeneca was the biggest drag, sliding 5% after detailed study results showed its experimental lung cancer drug did not significantly improve patients' overall survival results.

In the last few sessions, there has been an uneasy calm on the street. At this point of time when the street is juggling with its own fear and anxiety because of what might happen in the global markets. The mid-caps segment of the market is witnessing some profit booking/ rational shifting/ consolidation. A part of that is happening because of the fact that the street is reacting and adjusting to Q1 numbers. The way stocks are moving, there is no one trend in mid-cap space. So there are many sub segments which are getting formed in mid-cap space and given the mix of head and tailwinds. So, one will have to do two things, one be bullish but be more selective and focus on managing risks and hedge for short term and think from long term perspective.

The surge continues as the company, earlier in the last week, announced receiving a Rs 215 crore order from the Uttar Pradesh Department of Agriculture for the supply of 8,085 solar water pumping systems across various districts in the state and is scheduled for completion by March 2025.