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Coal India Ltd, part of the coal sector, has rallied by about 30% in a month which pushed the stock to a fresh record high in September 2023 and the chart pattern suggests that the rally may not be over and will continue in October. The stock rose from Rs 228 as of 30 August 2023 to Rs 297 which is the record high registered on 29 September 2023. The upside translates into a rally of about 30% in a month. Short-to-medium term investors can look to buy the stock now or on dips for a possible target of Rs 345-385 in the next 4-5 months, suggest experts. After the breakout from the critical resistance of 26-270 which proved to be a critical hurdle back in June 2019 in September 2023 provided much needed momentum to the stock. On the monthly charts, an upward-sloping trendline is giving support.

Dalal Street bulls, if historical data for the last 10 years is anything to go by. In the last 10 years, the benchmark Nifty 50 has given positive monthly returns nine times, with an average return of 2.9%. ETMarkets did a further analysis of stocks that have given positive returns to investors consistently in October in the last three years. The analysis revealed that there are five such stocks that have given double-digit returns in October in each of the last three years.

The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 19600 levels on Tuesday. India VIX was up by 2.95% from 11.50 to 11.78 levels in the previous trading session. Volatility was slightly on the rise and made the market move in a choppy manner with the absence of strength to the bulls. On the weekly options front, the maximum Call OI is placed at 19700 and then towards 19600 strikes while the maximum Put OI is placed at 19500 and then towards 19400 strikes. Call writing is seen at 19600 and then towards 19700 strikes while Put writing is seen at 19500 and then towards 19400 strikes. “Options data suggests a broader trading range in between 19200 to 20000 zones while an immediate trading range in between 19400 to 19700 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bearish candle on the daily scale on Tuesday and has been forming lower highs from the last two sessions.

IRFC) stock price has run at the speed of bullet train since exactly a year ago when it hit its 52-week low of Rs 21.15 on the NSE. Currently, in a consolidation phase, this multibagger stock has returned a whopping 261% over the last one year.

Sensex declined 316 points to settle at 65,512, while the Nifty fell 109 points to end at 19,528. Stocks that were in focus included names like Eicher Motors, which fell 2.68%, Network 18, which rose 8.07%, and Escorts, whose shares declined 1.73% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Eicher Motors — Sell From the lows of 3125, the stock has witnessed a Bull Run to make the high of 3539 odd levels. Higher Top Higher Bottom pattern was seen as Bulls were having upper hand on price.

Buy or sell stocks for today: Following weak global market cues, Indian stock market ended lower on Tuesday. Nifty 50 index lost 109 points and closed at 19,528 levels, BSE Sensex shed 316 points and ended at 65,512 mark whereas Bank Nifty index finished 185 points lower at 44,399 levels.

Polygon Labs has officially proposed a technical upgrade for Celo, suggesting its transition from an independent EVM-compatible L1 to an Ethereum L2. This proposal was made public on September 21, just 9 hours after its initial announcement by SandeepN.

One bank analyst, the people who make investor recommendations to buy, sell or hold particular bank stocks, said “it’s completely out of nowhere.”

LONDON : British media regulator Ofcom will this week push for an antitrust investigation into Amazon and Microsoft's dominance of the UK's cloud computing market, according to two sources familiar with the matter. The recommendation, first issued by Ofcom in April, will remain in the body's final report on the matter, set to be published on Thursday, one of the sources said.

Assam government on Tuesday announced its plans to carry out socio-economic assessment of Assam's Indigenous Muslim communities. The chief minister office Assam in X stated, “In a meeting held at Janata Bhawan, HCM Dr @himantabiswadirected the officials concerned to carry out a socio-economic assessment of Assam's Indigenous Muslim communities (Goria, Moria, Deshi, Syed & Jolha). These findings will guide the Government to take suitable measures aimed at the comprehensive socio-political and educational upliftment of the State’s indigenous minorities.” Government has given its in-principle nod to the initiation of the process for a «Socio-Economic Assessment» of the State's five indigenous Muslim communities: Goria, Moria, Deshi, Syed and Jolha. Chief minister Himanta Biswa Sarma instructed the concerned authorities to take necessary measures so as to ensure the upcoming «Socio-Economic Assessment», on its completion, is able to furnish adequate data that can be utilised by Government of Assam to take steps for comprehensive socio-political, academic and economic uplift for the five indigenous Muslim communities.

More and more Wall Street equity strategists are sounding the alarm on the impact of higher interest rates.

Delhi High Court on Tuesday sought response from the Telecom Regulatory Authority of India (Trai) on the All India Digital Cable Federation’s (AIDCF) petition alleging that the telecom regulator did not consider all its issues in the consultation paper ‘Review of Regulatory Framework for Broadcasting and Cable services" including the demand of Multi System Operators (MSOs) to make their own bouquet of TV channels. While Trai had on August 8 issued the consultation paper on issues pertaining to tariff, interconnection and quality of service of broadcasting and cable services, the Consultation Paper “fails to meet the standard of transparency,” the cable body stated in its petition filed through counsel Swapnil Gupta.

On Friday this column noted concern among Democrats that Joe Biden insists on talking about “Bidenomics" even as Americans remain upset about his degradation of our money. Now one of the president’s allies has expanded his friendly critique into a full-blown 2024 Democratic campaign strategy: Instead of talking about the president, attack people who aren’t the president. “Biden should stop focusing on the economy" reads an MSNBC headline over a story from former Jill Biden press secretary Michael LaRosa.

International Holding Co (IHC) on Tuesday said that it has increased its stake in Adani Enterprises to above 5%. “This strategic increase reflects IHC's conviction in the world-leading incubation model of AEL and we believe that the inherent strength of Airports, Data Centers, Green Hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India’s robust growth journey,” the company said in a statement. IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders’ return. As of June end, IHC, through its subsidiary Green Enterprises Investment Holding Rsc Ltd, held a 3.53% stake in Adani Enterprises. While IHC increased its stake in the Adani Group’s flagship company, the company, last week, announced plans to sell its stakes in two other group firms – Adani Green Energy and Adani Energy Solutions. IHC’s decision to sell off the stake in the two Adani firms is part of the company’s plan to rebalance its overall portfolio strategy. As of June end, IHC through its arm Green Transmission Investment Holding held a 1.4% stake in Adani Energy Solutions. Green Energy Investment Holding held a 1.3% stake in Adani Green Energy. In 2022, IHC invested close to $2 billion in three Adani Group firms — Adani Green Energy, Adani Energy Solutions, and Adani Enterprises.

Relative Strength Index (RSI). On September 29, Friday, StockEdge reported that 5 stocks were trading in the oversold zone, offering intriguing opportunities for investors.

Vaibhav Jewellers, even though in line with expectations, disappointed investors. The stock debuted at Rs 213.5 per share, compared with its IPO price of Rs 215. Analysts were mixed on the post listing strategy for investors. While some recommended investors to exit their positions, others advised to hold the stock for the long term. “The muted listing could be due to a number of factors, including the high IPO price, the company's relatively small size, and the competitive jewelry market," said Shivani Nyati, Head of Wealth, Swastika Investmart, while recommending an exit position. The IPO of Vaibhav Jewellers barely scraped through on the last day of the bidding process.

The MAC conducted a review of the Shortage Occupation List (SOL) and expressed concerns that making it easier to recruit low-wage workers could increase the risk of exploitation. Currently, employers can hire migrant workers at 80% of the standard «going rate» for specific occupations listed on the SOL. This includes roles like bricklayers and care workers. Being on the SOL allows employers to bypass the general minimum salary threshold for a skilled worker visa, which is £26,200. Consequently, sectors with wages below this threshold have particularly benefited from inclusion on the list. The MAC's recommendation stems from concerns that low-wage migrants may result in a net fiscal cost for the UK, and the administrative burden of the scheme can be uneconomical for many businesses. The committee believes that abolishing the SOL would be a preferable approach to addressing labor shortages in low-wage sectors. The MAC suggested that no employer should be allowed to pay below the going rate, as this would help protect resident workers from wage undercutting and reduce the potential exploitation of migrant workers. The Home Office has not provided an immediate response to the report.

Relative Strength Index (RSI). On September 29, Friday, StockEdge reported 50 stocks that were trending up, and in this article, we will delve into the significance of RSI by examining 10 stocks handpicked by ETMarkets that have seen their RSI trending up. The Relative Strength Index (RSI) is a versatile technical indicator used by traders and investors to gauge the momentum and strength of a stock's price movements.

Superloop, the internet service provider founded by entrepreneur Bevan Slattery, is considering lobbing a higher bid for software group Symbio despite describing its last offer as its “best and final”.

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