Technical analysis News

Ever since late October, MSFT stock has been in a corrective mode, dropping from its high around $553 following the first quarter earnings.

Every MAG 7 stock has gained this year, with NVIDIA and Alphabet surging 36% and 66%, respectively.

If pre-market losses hold, then the stock is slated to open below its 200-day moving average for the first time since June 18.

Korn Ferry’s shares jumped nearly 4% on Tuesday, breaking above the 50-DMA for the first time in more than two months after the company delivered a stronger-than-expected second-quarter print.

UNH shares slipped below their 50-day moving average on October 31 and have remained below the mark so far.

The company signed a new distribution agreement on Friday that broadens its reach across major NATO markets in Western Europe.

Amber announced a $50 million share buyback program and also posted strong third-quarter results.

Antelope Enterprise Holdings touched the long-term indicator for the first time since October 16, while Foxx Development last traded at this level on September 18.

The stock has declined 46% over the last 10 sessions.

The stock shed nearly 10% over the last four days, nudging its 200-DMA mark for the first time in two months.

The local search platform reported a 22.5% decline in net profit, despite modest revenue growth.

The next hearing is scheduled for October 27. Analyst said the stock remains speculative and is likely to trade sideways near key moving averages.

While every sectoral index closed in the red, IT and pharmaceutical stocks saw the biggest selling pressure.

Exide announced an additional investment of ₹80 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL), through a rights issue

The Supreme Court has deferred the Adjusted Gross Revenue dues hearing to October 6

The logistics sector is expected to grow at a CAGR of 32% between 2022 and 2027

Hindustan Copper has gained over 43% so far in September. Retail sentiment remains bullish.

Rapido has secured one of the year’s biggest startup fundraises, topping $400 million, led by Prosus and Westbridge.

Auto stocks gained in a subdued market as Maruti Suzuki and Hyundai reported record Navratri sales.

Share price recovered after the company confirmed an internal replacement. Technicals remain strong with an upside potential till ₹7,800 in the near term

Analyst cautions that while short-term indicators are positive, broader charts signal sideways to bearish trends.

Promoter Jusmiral Holdings reportedly offloaded close to 34.1 million shares for around $350 million through block deals

An analyst said that a breakout above ₹410 - ₹412 could trigger a strong upward move for Railtel.

MTAR Technologies, Garden Reach Shipbuilders & Engineers (GRSE), Astra Microwave Products, BEML, and Bharat Dynamics (+5.8%) were the top 5 gainers on the defense index.

Board approved a record ₹18,000 crore share buyback at ₹1,800 per share, offering a 19.2% premium to Thursday’s close. The IT major also inked a decade-long partnership with HanesBrands.

Analyst says technical indicators point to more upside if the stock sustains above key levels.

EU’s approval of additional Indian fishery units is expected to lift seafood exports by nearly 20%, offering a cushion against US tariffs.

SMBC has received approvals to acquire nearly 25% of Yes Bank. The analyst highlights bearish signals if key support levels fail to hold.

Railtel received multiple orders amounting to ₹700 crore. Analyst cautions that the stock faces resistance at ₹374–₹378 before any further rally.

On a weekly timeframe, the Nifty 50 gained 1.2%, its third hike in four weeks.

Patel expects Britannia’s strong distribution network, brand equity, and innovation pipeline will allow it to gain market share from regional and unorganized players who may struggle to keep pace

The GST Council exempted life and health policies from tax. Analysts say traditional insurers and standalone health players stand to gain most.

The platform fee hike is expected to support margins, which hurt Eternal’s Q1 earnings

Morgan Stanley maintained its “overweight” rating on Reliance and raised the 12-month price target to ₹1,701

The stock has already surged 90% so far this year

Auto stocks were among the biggest laggards on the Nifty 50 index, led by declines in Mahindra & Mahindra, Bajaj Auto, and Tata Motors

FIIs sold over ₹3,800 crore worth of equities, while their F&O positioning remained largely unchanged after expiry, reflecting a cautious stance on Indian markets, an analyst said

A breakdown below ₹265 could potentially lead to a drop to ₹247, the analyst said

Strong earnings pockets may also offer support, an analyst said

Except for FMCG, all sectors closed in the red, with sharp losses in real estate, pharmaceuticals, metals, and banking stocks.

BofA Securities reportedly downgraded Sun Pharma’s stock to ‘underperform’ from ‘neutral’ and slashed its target price to ₹1,570 from ₹1,730

The company bagged a ₹1,160-crore work order from UIDAI post market hours on Tuesday

Textile stocks were also under pressure as Trump’s 50% tariffs on Indian exports kick in from Wednesday

Infosys Wipro, and TCS Surge over 3% each

SBI, along with private lending giants including Axis Bank and ICICI Bank, are set to dispose Yes Bank stake

A breach below 24,800 could lead to further downside, an analyst noted

SEBI is set to soon release a consultation paper on reforms to make derivatives more efficient and transparent

With PM Modi announcing the introduction of the first made-in-India semiconductor chips later this year, an analyst flags HCL Tech and CG Power as potential winners.

The board approved investments of around ₹306 crore in wholly-owned subsidiaries