Hindalco Industries, UCO Bank, Orient Cement, Dhampur Sugar, New India Assurance

Sintex Plastics Technology | Hindalco Industries | UCO Bank | Dhampur Sugar and New India Assurance are stocks, which are in news today.

Dhampur Sugar Mills successfully launched Country Liquor at its Distillery unit at Dhampur.

Orient Cement - CARE Ratings assigns CARE AA- to the Long term Bank facilities and CARE Al+ to the Commercial Paper issue of the company

UCO Bank board approves the proposal for the issue of equity shares on preferential basis to Government of India against capital infusion of Rs 2,130 crore

Hindalco Industries - Novelis receives approval from European Commission for proposed acquisition of Aleris

Sintex Plastics Technology's independent director Sandeep M Singhi resigns w.e.f. October 02, 2019

New India Assurance Company signs pact to enter into ICA for company's exposure to debt instruments of Reliance Home Finance & DHFL

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Yes Bank, Hero MotoCorp, GMR Infra, Eicher Motors, Tata Motors, M&M, NMDC

Yes Bank | Hero MotoCorp | Eicher Motors | Tata Motors | Mahindra & Mahindra and NMDC are among stocks which are in news today.

Yes Bank: The lender said a forced sale of 10 crore equity shares (3.92 percent of the bank's equity share capital) was carried out on October 1.

GMR Infra gets CCI nod  for the proposed equity investment from Tata Group, GIC affiliate and SSG affiliate at GMR Airports, subsidiary of the company

Biocon and Mylan launch first Insulin Glargine Biosimilar, Semglee, in Australia

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Escorts with target at Rs 640 and stop loss at Rs 580 and HDFC Bank with target at Rs 1280 and stop loss at Rs 1230.

The Sensex closed 362 points, or 0.94 percent, down at 38,305.41, with 23 stocks in the red and only seven in the green, while the Nifty pack fell 115 points, or 1 percent, to 11,359.90 on October 1. As many as 39 stocks ended in the red in the 50-share index.

On the technical front, Nifty formed a large bearish candle on the daily charts after closing below 11,400 levels for the first time since September 20, 2019.

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Use current fall as bargain-hunting opportunity to go long, bet on these 3 stocks for double-digit return

A breakout above 11,500 marks where descending trend line on lower time frame is placed, will give confirmation of retracement complete and original uptrend begin.

Nifty, after rallying for nearly 1,000 points in just two trading sessions post-corporate tax cut announcement, now has corrected by some 450 points denting the market sentiment. Technically, after making a high of 66 in the last week, the RSI momentum oscillator is retracing towards the breakout point of 50 which should be considered as a pullback buy setup (PBB) and it can be used as a bargain-hunting opportunity to go long.

On the lower side, confluence of supports are in a zone of 11,000-11,150 levels. These supports mainly consists of a line of parity placed at 11,150, 61.8% Fibonacci retracement levels of current rise standing at 11,060 and strong psychological levels 11,000. One should add longs as far as Nifty is trading above this crucial demand zone.

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Brokerages turn bullish on these top 9 stocks this week, which could return 13-45%

Experts are positive on the market in the medium to long term, especially after recent government measures

The market started off this week with a negative bias and continued fall for third consecutive session on October 1 as fears of more debt stress in the Indian banking system after the incident of Indiabulls Housing Finance-Lakshmi Vilas Bank and fraud in PMC Bank dented sentiment.

The short covering in late trade on Tuesday cut the BSE Sensex's loss to nearly 700 points for three straight sessions and helped it close above 38,000 levels.

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Use correction to go long on Nifty; RIL, Quess Corp can return 6-11%

Any close above 11,700 levels would result in further short covering which might push the Nifty to even 12,000 levels in coming months

Nifty, after taking support from the gap created on September 23, recovered more than 80 points from the low to close with the losses of 38 points at 11,474 levels on September 30. Though the Nifty has fallen nearly 300 points from the recent high to a low of 11,390 levels, the primary trends is still intact as it is still trading above its 200-day SMA. Oscillators and momentum Indicators like RSI and MACD have been showing strength on the daily and weekly charts for the Nifty and Bank Nifty.

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Top buy and sell ideas by Rajat Bose, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Castrol India with target at Rs 145 and stop loss at Rs 134 and ITC with target at Rs 270 and stop loss at Rs 255.

The Sensex closed with a loss of 155 points, or 0.40 percent, at 38,667.33, with 13 stocks in the green and 17 in the red on September 30. The Nifty pack closed 38 points, or 0.33 percent, lower at 11,474.45, with 22 stocks up and 28 down.

The broader markets suffered more than the frontline indices. BSE Midcap and Smallcap indices declined 1.13 percent and 1.21 percent, respectively, underperforming BSE Sensex.

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