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J B Chemicals & Pharmaceuticals Ltd.(up 1.96 per cent), Lupin Ltd.(up 0.64 per cent), Abbott India Ltd.(up 0.61 per cent), Biocon Ltd.(up 0.58 per cent) and Ipca Laboratories Ltd.(up 0.42 per cent) were among the top gainers.

Lupin Ltd. traded 0.66 per cent up at Rs 2258.05 at 10:39AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 128.57 points to 81844.48. The stock had settled at Rs 2243.15 in the previous session. The stock quoted a 52-week high price of Rs 2312.0 and 52-week low of Rs 1113.0, respectively. As per BSE data, total traded volume on the counter till 10:39AM (IST) stood at 7564 shares with a turnover of Rs 1.71 crore.

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China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.

The BSE Sensex was trading 237 points, or 0.29%, higher at 82,210. The Nifty50 was up 65 points, or 0.26%, trading at 25,193 around 9:20 am.

HCL Tech and RIL, while Jefferies has maintained its buy rating on HDFC Bank. HSBC also has a buy view on Maruti Suzuki, whereas Investec has retained its sell rating on HCL Tech. We have compiled a list of recommendations from top brokerage firms from ET Now and other sources:

UBS has initiated coverage on Ramkrishna Forgings with a 'Buy' rating and a target price of Rs 1,500, indicating an upside potential of 46% from the previous closing price of Rs 1,030 per share. UBS pointed out visible earnings drivers that suggest the potential for future upgrades. Despite Ramkrishna Forgings holding a global market share in the low single digits, this indicates substantial growth potential.

HDFC Life Insurance are trading around the Rs 740 level, maintaining a long-term uptrend and currently in a consolidation phase after pulling back from higher levels. The stock has stabilized near its demand zone, with a double-bottom pattern emerging on the daily chart, signaling a potential trend reversal.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Garuda Construction will debut on the exchanges on Tuesday. Going by the grey market trends, the stock is expected to see a negative to flat listing. The IPO received a decent subscription of 7.5 times amid strong demand from retail investors. The company's financial performance was robust in FY23, however the election year in FY24 led to a slowdown in revenue and profit growth.

Even after consistent selling in defence and rail PSU stocks, the long-term prospects of the two sectors remains positive, says Viraj Gandhi, CEO of Samco Mutual Fund. «Given the current values, one should carefully assess these sectors. If one can withstand further short-term downside, this could be an excellent chance to add to these names,» says Viraj Gandhi, CEO of Samco Mutual Fund. Edited excerpts from an interview: Help us understand the rationale behind the launch of a multi-cap fund at this stage. And how does it differ from a flexicap fund? The multi cap category's market share has increased from 2.5% in November 2021 to nearly 6% by August 2024. Over the last 36 months, this category has grown at the quickest rate.

Mayuresh Joshi, Head Equity, Marketsmith India, says in the second half, Reliance’s retail-oriented businesses should see a strong comeback. The new-age businesses are something to be seen as well. They are having a very calibrated approach in terms of their new-age businesses. So, the kind of timelines we are looking at for these new-age businesses without minimal burden on the balance sheet is going to be critical. These two segments might offset the weakness in upstream and the O2C business. In realty stocks, Joshi says if somebody is holding Oberoi, Godrej, and DLF, they can continue holding on. Among real estate ancillaries, Greenply, Century may work out. What are the expectations from Reliance Industries? More than earnings, what are the next set of triggers to watch out for because it has been fairly sideways since it is down to Rs 2,700 from Rs 3,200 all-time high level. What will provide a fillip to Reliance from here on? Do you believe in the tie-ups that the Street has been talking about? Mayuresh Joshi: Coming to triggers going forward, there are two things. One, if there is a genuine recovery in terms of China per se in the next few quarters, the downstream business, which defines how the petchem business will move for Reliance and the spreads thereof should show signs of stability and improvement and that can have a telling say in terms of the petchem performance itself.

Shiv Texchem will debut on the BSE SME platform later today. Ahead of the listing, the company's shares traded with a GMP of Rs 65. Considering the upper price band of Rs 166, the stock is expected to list at a premium of 39% over the issue price.

small cap company Pondy Oxides and Chemicals had announced a stock split in the ratio 2:1, for which they had fixed October 16 as the record date, which means today is the last date to buy the shares of the company to be eligible for the benefit of the stock split. “The Board of Directors of the Company in their meeting held today, i.e., 23rd September 2024 at 03.00 P.M. (1ST), have fixed the Record date on Wednesday, 16th October 2024 for the purpose of determining the eligible shareholders of the Company for Sub-division / Split of the existing equity shares of the Company such that 1 ( one) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up be sub-divided into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each,” the company had informed via an exchange filing.

Pashupati Advani, Founder, Global Foray, says long-term, Avenue Supermarts is a good place to be in and a well-run company and the promoter and the CEO have done very well and have made fantastic things that are making it happen. It is unfortunate that temporary blips have meant that brokerage houses have lowered their weights, but it is just a matter of time before it does well again. Advani also says that Avenue Supermarts is making a large amount of net profit now from non-food items in the sense of making money on garments and underwears and socks and all the other things, kind of like Costco and Walmart in the US. The financialisation theme is not a short-term theme, it is not a matter of a few months or even a few years at that. Definitely a long-term theme for India. With respect to that and the fact that the NSE IPO is expected to be around the corner, which are the names from the financial ancillary setup that you would recommend? Pashupati Advani: Obviously, because the NSE IPO is coming, then CDSL and BSE obviously would be participating because the NSE IPO is coming currently at a higher PE than the BSE one. People would look at BSE as a cheaper alternative and go for a convergence to mean. The bank index is doing well, and is being pulled up by HDFC Bank, which is a very large part of it.

Nvidia closed at their highest ever on Monday, putting the heavyweight AI chipmaker on the brink of dethroning Apple as the world's most valuable company. With investors betting on strong demand for its current and next-generation AI processors, the Santa Clara, California company's stock climbed 2.4% to end the day at $138.07.

HCL Technologies are expected to remain in focus on Tuesday after India's third largest IT company by way of market capitalisation reported strong Q2FY25 earnings on Monday and declared an interim dividend of Rs 12 per share. HCL Technologies reported a 10.5% jump in its September quarter consolidated net profit to Rs 4,235 crore, up from Rs 3,832 reported by the company in the year-ago period.

inflation and a U.S. economy and labor market that are stronger than previously thought, Federal Reserve Governor Christopher Waller on Monday called for «more caution» on interest-rate cuts ahead. «Whatever happens in the near term, my baseline still calls for reducing the policy rate gradually over the next year,» Waller said in remarks prepared for delivery to a Shadow Open Market Committee conference at Stanford University's Hoover Institution. The Fed's policy rate is restrictive, the labor market remains healthy even as labor demand is moderating, and inflation is «in the vicinity» of the Fed's 2% target.

Reliance Industries Ltd (RIL) will be in focus after the company reported mostly in-line results for the second quarter ended September 2024. The second-quarter profit dropped 5%, hurt by weakness at its mainstay oil-to-chemicals (O2C) business. The poor show in this segment was offset by strong digital performance.

earnings season is underway and as many as 25 companies will announce their earnings on Tuesday. Some of key earnings to watch out include that of HDFC Life, HDFC AMC, PVR Inox among others. Apart from the above, some of the other companies like KEI Industries, Lactose (India), Premium Capital, Bank of Maharashtra, Rallis India, Stylam Industries, Sita Enterprises, Sybly Industries, Teamo Productions, Transchem will declare results for the September quarter.

Angel One are likely to remain in focus on Tuesday after the company reported its best-ever quarterly performance across key financial metrics in the three month period ended September 30, 2024. The domestic brokerage on Monday reported a consolidated net profit at Rs 423 crore in Q2FY25, which was up 39% from Rs 304 crore reported by the company in the year ago period. The total revenue from operations in the reported quarter stood at Rs 1,515 crore which was up 44.5% over Rs 1,048 crore reported by the company in the corresponding quarter.