The Economic Times

Six Nifty500 stocks featured in StockEdge's White Marubozu bullish scanner on October 30, signalling strong upward price momentum during the trading session.

Three Nifty 500 stocks closed more than 1.2% above their respective volume-weighted average prices on October 30, according to StockEdge's technical scan.

Amid the vibrant festive season in India, consumer demand is soaring, prompting businesses to boost sales and raise prices accordingly. However, rising costs are pressuring profit margins, causing a decline in investor confidence. The stock market struggles to reflect the upbeat consumer activity, signaling a potential need for a resolution to the Iran war and governmental intervention to promote stability.

China's central bank has implemented a major alteration to its monetary policy by establishing an overnight lending rate, which injects substantial liquidity into the banking sector. This initiative seeks to alleviate costs for financial entities and stimulate economic growth in light of increased credit risks. Experts estimate this change could lower interest rates by 15 basis points, thereby maintaining profitability among financial institutions.

Iran's Islamic Revolutionary Guard Corps reported that two oil tankers exploded in the Strait of Hormuz after striking naval mines. Both vessels allegedly ignored warnings about using restricted routes and had switched off their navigation systems. The UK Maritime Trade Operations issued a warning about an incident in the same area involving a merchant vessel.

In the Nifty500 pack, six stocks' closing prices crossed above their 200-day moving averages (DMA) on October 30, 2026, according to StockEdge's technical scan data. The 200-day moving average (DMA) is used by traders as a key indicator for determining the overall trend of a stock. As long as a stock's price remains above its 200-day moving average on the daily timeframe, it is generally interpreted as being in an overall uptrend.

Indian stocks are expected to recover in the financial year due to strong earnings and economic growth. The Nifty 50 index has decreased significantly after years of gains, partly due to global issues. The fund manager emphasizes that foreign fund outflows do not indicate a decline in India's growth prospects. Certain sectors like AI, energy, and domestic manufacturing are highlighted for potential investment.

Sun Pharmaceutical achieved notable revenue growth in the September quarter, driven by strong performance in India and specialty medicines. The company anticipates medium-term growth from therapies like Ilumya and ongoing innovative projects. Although profitability was affected by acquisition and litigation costs, the domestic market share increased to 8.6% from last year. R&D investments are expected to rise in the second half of FY27 as development accelerates.

Reliance Industries has reported a significant growth in revenue and profits for the September quarter. The oil-to-chemicals segment has led this growth while retail segment profitability faced pressures from digital commerce investments. Jio Platforms also reported double digit revenue and profit growth, aided by increased average revenue per user and subscriber additions. Rising inflation and a shift in festive demand to the December quarter may impact future retail earnings.

In November, investors are optimistic about Indian equities due to ongoing festive celebrations and better-than-expected corporate earnings. While the Sensex and Nifty boasted gains in October, other market indices saw declines. However, potential threats such as rising crude oil prices and global uncertainties remain. A noticeable surge in purchases by foreign portfolio investors signals renewed interest in Indian stocks.

Benchmark indices demonstrated remarkable strength, finishing above key thresholds due to robust demand for large-cap equities. However, surging Brent crude oil prices are still triggering concerns relating to the macroeconomic environment among investors. The India VIX index has recorded a slight increase in market anxiety, signaling cautious attitudes from investors.

Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE Sensex. Several major companies, including Reliance Industries and Jio Platforms, published positive quarterly earnings results. Reliance Industries saw a 41% increase in net profit, supported by strong performances in various sectors. Other companies like Sun Pharma and Indian Oil Corporation also reported significant changes in their net profits.

Foreign portfolio investors have shifted from aggressive selling to net buying of Indian equities recently. They invested nearly $1.2 billion over the last ten trading sessions, particularly in large-cap stocks. This change in behavior may be attributed to concerns regarding the artificial intelligence trade influencing investor decisions. Globally, markets saw corrections, while Indian indices had a mixed performance in October.

Nifty has recently surged by nearly 2%, approaching the resistance level at 23,200. Analysts recommend building long positions to capitalize on a potential breakout. Support is set between 22,600 and 22,800, serving as a buffer. Recommended stocks for investment this week include DLF and Zensar Technologies. Investors should exercise caution in the broader market until significant resistance levels are broken.

Kylian Mbapp moved past a difficult week by scoring a crucial penalty for Real Madrid. He helped his team win 3-0 against Racing Santander on Sunday. Prior to this match, he narrowly missed winning the Ballon d'Or to Harry Kane. Following the award announcement, he issued an apology for a social media video. The video contained a joke about former Chinese leader Mao Zedong, which stirred controversy.

Harry Kane had a disappointing game for Bayern Munich against Dortmund despite the pre-game celebrations. He missed a penalty during the match, hitting the crossbar instead of scoring. Kane did manage to assist one goal and was active throughout the game. This draw kept both teams level on points at the top of the Bundesliga. Despite the outcome, Kane remains a key player for his team.

State-run general insurers must submit board-approved plans to the government for reducing unprofitable business segments. The government aims to evaluate the performance of these companies based on a time-bound roadmap for organic solvency. Policies regarding better pricing, oversight, and structured reinsurance for risky insurance areas are also being emphasized.

Fears of World War III are growing amid rising tensions between the US and Iran, with President Donald Trump abruptly cancelling his scheduled campaign events over the weekend. The developments have raised questions about whether the conflict could escalate and whether American civilians could eventually be called up for military service.

Singapore-headquartered Ascentium is looking to expand its India presence through acquisitions as it builds an Asia-focused global corporate services business. Backed by Hillhouse Investment, the firm has completed seven acquisitions in India since 2019 and is negotiating another, with plans to consolidate specialist firms and challenge established players in the market.

The regulator had extended the deadline earlier by a week after receiving more than 650 responses to its September 23 consultation paper, which proposes tighter commission limits, changes to expense-of-management rules and a new distribution architecture. The industry is now awaiting the draft guidelines followed by the final framework.

Gulf-based investors are exploring opportunities in India's artificial intelligence and space technology sectors, despite overall subdued interest. Yotta, a data centre operator, successfully raised $150 million earlier this year for expansion plans. Pixxel Space Technologies is also seeking funding in the UAE to capitalize on growing investor interest in technology. The Indian rupee's depreciation has contributed to the cautious investment sentiment among broader market participants.

Stefan Bollinger highlights the potential risk of an AI bubble affecting global markets significantly. He notes that India's equity valuation correction is healthy, maintaining the country's growth story. Investors are increasingly diversifying their portfolios with a focus on hedge funds and private equity. The Fed's decision on rates remains uncertain, though high inflation complicates matters. Rising yields in Japan are likely to attract domestic investors back to their markets.

IDFC First Bank and small finance banks such as AU, Jana and Suryoday were among the biggest users of the scheme to reduce credit risk. They have set aside the guarantee fee for the current fiscal year, expecting the government to reopen the window soon, people aware of the matter said.

Mumbai: Banks are reporting 10-50% improvements across productivity, turnaround time and operating costs from artificial intelligence-led initiatives, with some lenders handling up to 30% more servicing volumes without adding manpower as AI moves deeper into corporate banking, collections and transaction processing.The gains vary across operations: Axis Bank has recorded productivity improvements of more than 10% in selected customer journeys, Kotak Mahindra Bank can handle 20-30% more corporate

Large and Medium Industries Minister MB Patil has dismissed claims from Union Minister HD Kumaraswamy regarding Honda Motors. He described the allegations as baseless and said they could adversely impact investment in Karnataka. Patil emphasized that Honda has been successfully operating in Karnataka for over a decade and is expanding their production capabilities. The company is set to manufacture electric two-wheelers soon at their Narasapura facility.

Published in 1792, The Old Farmers Almanac provides a wealth of information about weather and agriculture. It serves as a reference for gardening advice, recipes, and astronomical data. Originally intended to support farming, it has grown in scope over the years. The publication retains relevance as technology changes how people access information. Its enduring popularity illustrates the lasting interest in traditional sources of knowledge.

The death toll in Odisha due to Cyclone Arnab has reached six, with bodies recovered from Gidipabali village. Around 10 individuals remain missing after the village was buried in a landslide triggered by heavy rainfall. Survivors have been relocated to a relief center, expressing fears about their missing loved ones. Various rescue teams are actively searching for the missing persons amidst debris and mud.

Nita Ambani performed the groundbreaking ceremony for Nita Mukesh Ambani Anant Ashray in Karjat, Maharashtra, on her birthday. This care facility aims to support over 5,000 residents, including orphaned children and senior citizens. The township will be developed in phases and will focus on community living rather than traditional institutional care. This project will include numerous medical and recreational facilities to promote individual wellbeing and personal development.

Millions of Americans will change their clocks on November 1, 2026, marking the end of daylight saving time. Lawmakers are considering abandoning this twice-yearly clock adjustment, with a proposal approved by the House. However, the Senate expresses concerns about implications for winter mornings and public safety. Disagreements surfaced between Republican Senator Tom Cotton and the president over permanent daylight saving time.

BJP chief Nitin Nabin criticized Rahul Gandhi for allegedly acting under foreign influence to create disorder. He emphasized that the Constitution should govern the country rather than the 'Gandhi family's law.' Nabin accused the Congress party of seeking to challenge democratic processes after failing to secure a people's mandate. He also reiterated the BJP's intent to retain power in the upcoming general elections.

Competition Commission of India has approved Prosus' acquisition of a stake in Navi Ltd. This move aims to enhance Prosus' position in India's digital financial services market. MIH Payments Holdings BV, part of Prosus, will acquire certain shareholding in the fintech firm. Navi Ltd provides various financial services, including loans, insurance, and digital payments. This investment marks a significant milestone in Navi's growth after securing USD 100 million from Prosus.

PNB Housing Finance aims to expand its corporate loan book significantly by the end of March 2027. The company intends to maintain a focus on retail housing finance while growing its corporate lending portfolio. Currently, the corporate loan book stands at Rs 689 crore, contributing to 3 percent of overall loans. Loan growth guidance of 18-20 percent for the financial year remains unchanged, despite interest rate increases.

Regulation is vital for protecting consumers and building trust, but unpredictable or poorly calibrated policy changes can disrupt business economics, valuations and investment.

The Ministry of Education has extended the NMMS scholarship application deadline for the 2026-27 academic year to November 15. Students can apply through the National Scholarship Portal, while institute-level and district-level verification must be completed by November 30 and December 15, respectively. The scheme provides eligible students with annual financial assistance of Rs 12,000.

Carlsberg has filed an updated draft red herring prospectus for its potential IPO in India. Pernod Ricard continues to prepare for its proposed listing while awaiting board approval for its Indian business. Coca-Cola is exploring a potential IPO for its Indian bottling operations, emphasizing the value in the domestic market. These developments indicate a growing interest in public listings among multinational beverage companies in India.

Ten actively traded penny stocks have fallen between 34% and 73% over the past three months, highlighting the risks associated with low-priced shares. Cropster Agro recorded the steepest decline at 73%, followed by Bridge Securities and Empower India, which dropped 55% and 50%, respectively.

In the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106 crore, reversing a previous loss of Rs 18,150 crore. This profitability surge defied the ongoing freeze on petrol and diesel prices since May. Indian Oil Corporation achieved its highest standalone quarterly net profit, buoyed by strong refining margins, yet faces ongoing challenges related to fuel under-recoveries.

Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above $117 a barrel. Investors will track oil price movements, foreign institutional investor (FII) activity, global cues and domestic market trends for direction. FIIs turned net buyers after a 10-week selling streak, lending support to sentiment.

Amidst rising economic fears, foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October. Although they had made significant contributions in July and August, outflows continued through September. By late October, a turnaround occurred as foreign investors became net buyers, infusing approximately Rs 6,300 crore into the market. Support from domestic institutional investors provided much-needed stability as all eyes turn to potential global impacts on investor sentiment

Indian Bank has set a lending target of Rs 100 crore for electric vehicle charging infrastructure. The bank launched IND Green Charge for public, captive, and fleet charging stations under various models. It plans to promote entrepreneurship and support India's transition to sustainable mobility with this initiative. The scheme will provide loans up to Rs 10 crore for a maximum tenure of eight years.

ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some cushion against the pressure.

Nifty ITs 18% October rally could signal a sustained leadership cycle, supported by improving momentum, a bullish RSI crossover and capital rotation from global AI stocks. Analyst Vatsal Bhuva sees the index targeting 35,000. He remains cautious on Swiggy, bullish on Acutaas Chemicals, and recommends buying Persistent Systems and Eternal based on positive technical setups.

India

More than 40 companies have scheduled record dates for dividends, bonus issues, rights issues and stock splits during November 26, 2026. Major names include Infosys, Asian Paints, Coal India, Power Grid and Info Edge, while Sanofi India will offer the weeks highest announced dividend of Rs 75 per share.

Japanese bodybuilder Toshisuke Kanazawa, 90, travelled to Spain to compete against athletes decades younger at the IFBB World Fitness Championships. Although he did not win a podium place, he hopes to compete again at 93. He credits his fitness to a traditional Japanese diet he adopted at 50.