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Pankaj Pandey, Head Research, ICICIdirect.com, says they have been very selective in giving recommendations largely because there is no follow-up. They have recommended an IT stock – Newgen Software – with a target price of Rs 1,465, the results were good and our sense is that the company will keep growing at 23-24 odd percent, both revenue and bottom line, over the next two-three years. Pandey says one needs to be very selective because up till now, the results have not been helping the market. They are also expecting hospitals to do well and have been recommending Narayana Hrudayalaya. What is the tone and tonality at the retail level in the last couple of days? I mean, is leverage coming down? Is participation coming down? The two important short-term indicators are mood and momentum. The momentum is waning and the mood has become sour. Pankaj Pandey: The mood keeps on changing depending on how things pan out. So, post Haryana Assembly election results, the mood definitely changed and now we have upcoming US elections and elections in Maharashtra. So, anxiety levels are higher. Our sense is that moods can change post the favourable outcome in some of these events.

This follows on from a 1% rise in August and was led by strong sale activity in the computers and telecommunications sector, at around 5.5%. Confidence in second BoE rate cut soars as inflation falls below 2% for first time since 2021 Food sales provided the largest and only detraction from the month, down nearly 2%. The ONS noted September's sales volumes were at their highest since July 2022, with figures for the year to September 2024 up 3.9%, the biggest rise since February 2022. More broadly, retail sales grew by 1.9% in the third quarter of the year compared with Q2, and u...

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Max Healthcare Institute Ltd. rose 0.17 per cent to Rs 935.95 in Friday's trade. It hit an intraday high of Rs 943.3 and low of Rs 924.85, respectively, during the day. The stock quoted a 52-week high price of Rs 1117.05 and low of Rs 538.95.

intercontinental ballistic missiles in a region northwest of Moscow, news agencies quoted the defence ministry as saying on Friday. The Yars, which can be deployed in silos or mounted on mobile launchers, has a range of up to 11,000 km (6,835 miles) and is capable of delivering multiple nuclear warheads. Russia has carried out a series of nuclear drills this year in what security analysts say are signals intended to deter the West from intervening more deeply in the war in Ukraine.

DLF Ltd. traded at Rs 872.8 on BSE at 12:43PM (IST) on Friday, up 1.39 per cent from previous close. The stock quoted a 52-week low price of Rs 513.55 and a high of Rs 967.0.

Marico Ltd. gained 0.43 per cent to Rs 668.85 in Friday's trade as of 11:46AM (IST). It hit a high of Rs 672.45 and low of Rs 655.0 during the session. The stock quoted a 52-week high price of Rs 719.8 and a low of Rs 486.75. The return on equity for the stock stood at 38.64 per cent. About 5,636 shares have changed hands on the counter so far.

Srini Pallia, CEO, Aparna Iyer, CFO and Saurabh Govil, CHRO, Wipro in conversation with ET Now. CFO Iyer says that their guidance is based on the visibility that they have at the start of the quarter. The guidance is impacted by furloughs, fewer working days and softness in Europe. The large deals that we won also would take some time to ramp up. So, overall, the momentum seems good. Q3 is more about seasonality and hopefully they will bounce back in Q4. CEO Srini Pillai further says net-net, right now the BFSI segment is positive. He cannot predict what is going to happen in six months and six quarters from now, but as of now, they are seeing good momentum in that sector. What would you call the highlight for the second quarter and how would you rate the current demand environment? Srini Pallia: First, specifically in Q2, three of our four markets have sequentially grown, which is good news. In terms of sectors, we had two of them growing sequentially, two of them growing year on year, and of course we had manufacturing and energy and utilities which have sequentially de-grown. But in the context of the overall market, I see momentum picking up, especially in Americas for us, both Americas 1 and Americas 2, and also APMEA.

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Pidilite Industries Ltd. rose 3.46 per cent to Rs 3264.0 in Friday's trade as of 10:00AM (IST) even as the benchmark Nifty ruled at 24645.8, down 104.05 points. The scrip had closed at Rs 3154.75 in the previous session. The stock quoted a 52-week low of Rs 2293.1 and a high of Rs 3414.4. The company quoted a market-cap of Rs 165909.73 crore on the BSE.

Varun Beverages Ltd. gained 1.5 per cent to Rs 596.65 in Friday's trade as of 10:05AM (IST). It hit a high of Rs 597.6 and low of Rs 579.0 during the session. The stock quoted a 52-week high price of Rs 682.84 and a low of Rs 331.28. The return on equity for the stock stood at 29.64 per cent. About 58,985 shares have changed hands on the counter so far.

"Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way," says Sandip Agarwal, Fund Manager, Sowilo Investment Managers. From these Q2 earnings from the likes of Infosys, Wipro, TCS and HCL Tech reporting numbers, how do you see this possibility of a gradual recovery? Is that going to take some more time you think, there is some softness before it actually comes through or is it really here? Sandip Agarwal: So, yes, I think it has been quite well summed up but let me put this into a perspective. See, you have to remember that barring Wipro, the best part of the year is gone by now because third and fourth quarter have their seasonal challenges. So, this year is gone from the perspective of sequential revenue growth or some positive surprise. Year over year growth could be better. So, everything is now FY26. So, from that perspective and I have been reiterating this in every discussion we had earlier also that things will improve in terms of revenue growth and margins substantially from here on, but also remember that market is very forward-looking and they have all these IT stocks, if you see in last six months they have given phenomenal returns. Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way.

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U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum

Internet gambling in New Jersey set a new record in September with the casinos and their partners winning over $208 million from online gamblers

NSE500 stocks closing in the red. The IT sector was the only exception, as the selling was widespread across other sectors. The Nifty50 index declined by around 0.90%, ending just above the critical swing low of 24,694 established on October 7th.

Godavari Biorefineries has announced a price band of Rs 334-352 per share for its Rs 555-crore initial public offering (IPO), set to open for subscription on October 23. The IPO will close on October 25, with anchor bidding beginning on October 22. The allotment will be finalised on October 28, and refunds and share credits will take place on October 29, followed by the stock listing on October 30.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...