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As many as five stocks will be in focus in the coming week, based on corporate announcements made by the respective companies. These stocks are Ruchira Papers, Colorchips New Media, Kaarya Facilities and Services, Nikhil Adhesives and Shivalik Bimetal Controls. These counters will start trading ex-bonus and ex-rights from Monday, October 10. &nbsp;There are no dividend-related announcements in the coming week. &nbsp;

<h2>Ruchira Papers bonus share 2022&nbsp;</h2>

The Board of Directors of Ruchira Papers has declared bonus shares in the ratio of 1:10, which means an eligible shareholder will be entitled for one share against every 10 shares held by them in their demat account as on the record date. The company that caters to paper and paper products segment had recently changed the record date for the purpose of determining eligibility of bonus shares. &nbsp;

"The Company has revised the ‘Record Date’ i.e., Tuesday, October 11, 2022 (instead of Monday, 10th day of October 2022) to determine eligible shareholders entitled to receive Bonus shares in the ratio of 1:10," it said in a regulatory filing on October 3, 2022. &nbsp;

Shares of Ruchira Papers ended 1.39% higher to Rs 139 per share on the BSE on Friday. &nbsp;

<h2>Colorchips New Media stock split 2022&nbsp;</h2>

The Board of Directors of the Company at its meeting held on 24th September had fixed the record date on Wednesday, 12th October, 2022 for determining the eligibility of shareholders with regard to split/sub-division of equity shares of the Company from face value of Rs.10/- each to Face Value of Rs.2/- each. The media company had announced split in 5:1 ratio on ex-date basis, which means the company will split its existing stock of Rs10 face value into 5 paid up capital of face value of Rs 2 each. &nbsp;The resolution for split/sub-division of equity shares has been approved by the shareholders " the company had mentioned in a regulatory filing. Colorchips New Media share price ended in a 5% lower circuit to Rs 90.25 per share on the BSE on Friday. The stock will start trading ex-split from Monday. &nbsp;

<h2>Kaarya Facilities and Services bonus&nbsp;</h2>

On Friday, Kaarya Facilities and Services share price closed 4.45% to Rs 30.50 per share on the BSE ahead of the record date on October 12. The board of the financial services company had approved a 1:1 bonus for its shareholders. &nbsp;

"The company has fixed Wednesday, October 12, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 (One) bonus equity shares of INR 10.00 each fully paid-up for every 1 (One) existing equity shares of INR 10.00 each fully paid-up (i.e. in the ration of 1:1) held,"&nbsp;said Kaarya Facilities and Services in a regulatory filing.&nbsp;

The company on Friday also informed the exchanges that a meeting of the Board of Directors of the Company will be held on Saturday, 15th October, 2022, to consider and approve allotment of shares (in the matter of bonus issue) to the shareholders as on record date.&nbsp;

<h2>Nikhil Adhesives stock split 2022 &nbsp;</h2>

The board of directors of this speacialty chemicals company had announced to split the stock in 10:1 ratio, which means one share of face value Rs 10 will be divided into 10 paid up capital of face value of Re 1 per equity share. Shares of this small cap company dropped by five per cent to lower circuit and ended at Rs 1843.60&nbsp;per share on the BSE. &nbsp;

<h2>Shivalik Bimetal Controls bonus 2022&nbsp;</h2>

The company catering to Iron and steel products segment had announced a bonus in the 2:1 ratio, which is one bonus equity shares of Rs. 2/- each for every two fully paid up equity shares held, as on the record date. Shivalik Bimetal Controls bonus record date 2022 had been fixed as Thursday, October 13, 2022.&nbsp;&nbsp;

As many as five stocks will be in focus in the coming week, based on corporate announcements made by the respective companies.&nbsp;


A paper, an adhesive stock and more - These 5 stocks to trade ex-bonus, ex-split next week | Details 

SS Rajamouli's helmed RRR, starring Jr NTR and Ram Charan in lead roles, is now in the race of Oscars 2023. Even though the movie is not an official entry from India, the makers of RRR have filed nominations for 14 categories under 'For your consideration (FYC) campaign.&nbsp;&nbsp;

Filmmaker SS Rajamouli's pre-Indian independence fiction "RRR" made an application to the Academy of Oscars for a consideration in the general category.&nbsp; 
&nbsp; 
"We applied to The Academy of Oscars consideration in general category. We wish our RRR family the best and thank them from the bottom of our hearts for making this possible. Here is to continue to win hearts and entertain audiences worldwide," a note on the RRR official twitter handle said on Thursday.&nbsp;&nbsp;

"We are honoured that RRR's overwhelming success represented Indian cinema on the global stage by creating milestones at the worldwide box office and uniting film buffs across the world by transcending linguistic &amp; cultural barriers," it further said.&nbsp;

The movie which was released in March this year grossed over Rs 1,000 crore in collections worldwide, said PTI quoting media reports.&nbsp;

Courtney Howard, a renowned film critic in a tweet said "#RRRmovie's RRRoad to the OscaRRRs being paved as we speak. You've never seen anything like this movie/ adrenaline rush. I sincerely hope Academy members get out there and see this one".&nbsp;

The flick will be competing in all categories including best motion picture (DVV Danaiah), best director (SS Rajamouli) and best actor (Jr NTR and Ram Charan) among others.&nbsp;

Brace yourself! SS Rajamouli's RRR applies for Oscars in general category | Details 

Infosys, India's second largest IT company in terms of revenue, had declared the date for announcing Q2FY23 earnings results on October 13. Infosys is one of the favourite bets among IT stocks for many brokerage houses. &nbsp;

Recently, two global brokerage houses have put their weight behind Bengaluru-headquartered IT firm. They see up to 19 per cent upside on Tuesday's closing price despite attrition and margin pressure challenges across IT giants.&nbsp;

<h2>Infosys share price target&nbsp;</h2>

Credit Suisses, which gave the most aggressive target among the two brokerages, maintained an Outperform rating for a target price of Rs 1700, an upside of 18.9% on today's closing price. The brokerage had maintained a neutral stance on IT behemoth TCS with a target price of Rs 3275&nbsp;

Meanwhile, Nomura maintained a buy call on Infosys with a target price of Rs 1610. &nbsp;

Earlier, JM Financial had picked Infosys over TCS. It said, "We see better risk-reward with Tier I techs vis-à-vis Tier II techs given potential customer specific troubles seeping in for the smaller firms in a weakening demand environment. INFO, HCLT and TECHM are our BUYs amongst the Tier I’s."&nbsp;

<h2>Infosys share price history&nbsp;</h2>

On Tuesday, Infosys shares ended two and half per cent higher to Rs 1429.80 per share on the BSE. The spike in the stock price came after Infosys was expected to lead the IT pack in the quarter 2 earnings. As on October 4, the stock has yielded a negative return of over 14% in the past one year against nearly 22% decline&nbsp;in the Nifty IT index during the same period. &nbsp;

<h2>Infosys Q2FY23 Preview&nbsp;</h2>

As per Nirmal Bang, Infosys was expected to grow revenue by 4.5% QoQ in CC terms and maintain its tag of being the fastest growing Tier-1 player in the industry. &nbsp;&nbsp;

It expects margin to be at the lower end of the guided range of 21-23% and is likely to expand by 110bps QoQ.&nbsp;

Brokerage firm ICICI Securities also anticipated Infosys to lead on the revenue front with 5% QoQ CC growth. &nbsp;

Meanwhile, Nirmal Bang says sequential expansion will be driven by continued increase in utilisation, offshoring, lower visa costs and automation. Strategic investment in talent and competitive compensation revisions are expected to impact margins in the near term.&nbsp;

"We expect the revenue growth (14-16% in CC terms) and margin guidance (21-23% at the lower end) to be maintained," said both brokerages in their Q2FY23 preview on the IT sector.&nbsp;&nbsp;

Infosys: Brokerages see up to 19% upside in this tech stock; expect it to lead IT pack on revenue front in Q2  

Two stocks, one from IT and software space and another from hotel segment, will be in focus on Thursday, when the market will resume normal trading session after Dussehra holiday on Wednesday. The NSE and BSE will see no trading in equity segment, equity derivative segment and SLB Segment, as per BSE holiday calendar 2022. &nbsp;

Meanwhile, the two stocks—Asian Hotels and Accelya Solutions India — will remain in limelight based on corporate announcements by the respective companies. Accelya Solutions India will turn ex-dividend and Asian Hotels ex-bonus on October 6.

<h2>Accelya Solutions India dividend 2022&nbsp;</h2>

Shares of Accelya Solutions India ended flat with marginal gains at Rs 1142.45 per share ahead of ex-dividend date. The Board of Directors of Accelya Solutions India had announced a dividend of Rs 45 per equity share. Accelya Solutions India dividend record date 2022 to determine the eligibility of shareholders for Rs 45 dividend payout had been fixed as October 10. It means those buying stocks on Thursday may still be eligible for dividend shares under T+1 and T+2 settlement. &nbsp;

Accelya Solutions India dividend payout date is 14th November, 2022.&nbsp;

"We wish to inform you that the Board of Directors at its meeting held today, has recommended Final Dividend of Rs. 45 per share, subject to the approval of shareholders of the Company at the ensuing Annual General Meeting. The dividend payout date is Monday, 14th November, 2022," the company had said in a regulatory filing on August 2, 2022. &nbsp;

<h2>Asian Hotels bonus shares 2022&nbsp;</h2>

The company's board had announced a bonus in the ratio of 1:1, which means eligible shareholders will get one equity share against every two shares held by them on the record date. The company catering to hotel and resorts industry had fixed October 7 as the record date to ascertain eligibility of shareholders. &nbsp;

"The Board of Directors of the Company at its meeting has inter-alia, fixed the Record Date as Friday, 7" October, 2022 for determining the names of the equity shareholders of the Company who shall be entitled to be allotted bonus equity shares of the Company in the ratio 1:2 i.e. one fully paid-up bonus equity share for every two equity shares held in the Company (as of the Record Date)," Asian Hotels said in an exchange filing on 21st September. &nbsp;

Besides, it had also fixed 7th October as the record date to determine eligibility of shareholders who will get new equity shares of Robust Hotels Private Limited, Chennai (Robust) in the ratio 1:1 i.e. one new fully paid up equity share of Robust for every one equity share held in the Company (as of the Record Date) post issue of bonus shares in terms of the scheme.&nbsp;

Earlier, shares of Asian Hotels closed higher by five per cent to Rs 351.85 per share on the BSE on Tuesday.&nbsp;

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Dividend stock, bonus share update: Two stocks, one from IT and software space and another from hotel segment, will be in focus on Thursday, when the market will resume normal trading session after Dussehra holiday on Wednesday.&nbsp;


Rs 45 dividend and bonus share! These 2 stocks in focus on October 6 

LIC Share Target Price: Shares of Life Insurance Corporation (LIC) ended nearly one and half per cent higher to Rs 629.20 per share on the BSE on Tuesday. The counter of the insurance behemoth has been trading at 31.6% discount from its 52-week high, while the scrip is trading lower by 33.7% on its IPO price. &nbsp;

LIC shares traded at a 52-week high value of Rs 920 in May 2022 after weak listing on the exchanges. Shares of LIC were listed at a discount of nine per cent to Rs 867.20 per share on the BSE&nbsp;against its IPO price of Rs 949. &nbsp;

Stock of the Insurance giant has been hitting 52-week low one after another and touched a new low of Rs 617 on 29th September recently. &nbsp;

Meanwhile, LIC has emerged as a wealth destroyer since its tepid listing. Listed with a market capitalisation of 6 lakh crore, the insurance firm's current market cap has reduced to 3.97 lakh crore as on October 4. It implies that the investors have lost over Rs 2 lakh crore in LIC shares. During the listing, LIC was the fifth biggest company in terms of market-cap after Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, and Infosys. &nbsp;

Even though the share has declined over 33% on its IPO prices and continues to trade with volatility, should you buy this insurance stock? &nbsp;

<h2>LIC Share Target Price</h2>

Well, brokerage house Yes Securities sees over 35% upside in the counter from current levels. &nbsp;

Initiating a coverage on the stock, the brokerage recommended a buy rating on LIC with a target price of Rs 850 per share. &nbsp;

Shivaji Thapliyal, Head of Research &amp; Lead Analyst at Yes Securities listed six reasons supporting its recommendations:&nbsp;

1. LIC has nurtured an agency force whose productivity is far higher than that for private sector peers &nbsp;

2.&nbsp;While the contribution of bancassurance is proportionately still low, LIC has assembled the largest bancassurance network in the industry &nbsp;

3. Focus hitherto on Par business led to several business model advantages for LIC 4. LIC has a sticky customer profile reflected in superior persistency and surrender outcomes &nbsp;

5. LIC is displaying a pivot towards shareholder focus as (a) it diversifies into the higher-margin Non-Par segment and (b) surplus distribution has already been changed incrementally in favour of shareholders &nbsp;

6. LIC has displayed reasonable expense control outcomes.&nbsp;

<h2>LIC raises stake in Dr Reddy's</h2>

Earlier, LIC in a regulatory filing on Monday said that the Corporation’s shareholding in Dr Reddy's Laboratories&nbsp;Increased from 93,96,801 to 1,27,83,287 equity shares. With the addition of fresh shares, LIC raised its stake in the company from from 5.6% to 7.6%&nbsp;&nbsp;

LIC Share Target Price: Shares of Life Insurance Corporation (LIC) ended nearly one and half per cent higher to Rs 629.20 per share on the BSE on Tuesday.&nbsp;


LIC share price drops 33% against IPO price: Analyst lists six reasons why you should buy this insurance stock; check TP 

Factors behind Nifty50, Sensex Rally:&nbsp; Ahead of the stock market holiday on Wednesday, the Indian market ended on a strong note as benchmarks Nifty50 and Sensex closed higher by more than two per cent each on Tuesday. The broader Nifty50 jumped around 350 points to close above 17,250, while the Sensex surged by more than 1250 points to end near 58,100-mark.&nbsp;

As the indices rebounded on Tuesday with bulls taking control of Dalal Street, here are the factors that led to today's rally. &nbsp;

<h2>Positive Global Markets&nbsp;</h2>

All major Wall Street indices gained 2-2.5% in the US market on Monday as Dow Jones surged by 765 points in the biggest intraday jump since Junne 2022. Nasdaq Composite and S&amp;P 500 added 239.82 points (2.27%) and 92.81&nbsp;(2.59%)&nbsp;respectively. In the Asian market, Japanese Nikkei 225 jumped over three per cent in intraday trade, while SGX Nifty gained more than 400 points to trade near 17,300 on Tuesday. Hang Seng Index&nbsp;at the Hong Kong Exchange remained closed due to holiday. &nbsp; &nbsp;

<h2>Strong Show by IT, Bank and Financial stocks&nbsp;</h2>

Amid robust Quarter 2&nbsp;business updates, IT, Bank and Financial stocks led from the front. The Nifty IT index ended higher by 2.87% as tech majors TCS, Infosys, Wipro and HCL Tech gear up for Q2FY23 results next week. Banking and financial indices surged up to 3.16% as advances and collections improved in the second quarter, according to business updates by most of the banks. &nbsp;

"Indices surged over 2% buoyed by positive global cues and encouraging quarterly updates on advances and collections from Banks during the second quarter," said S&nbsp;Ranganathan, Head of Research at&nbsp;LKP&nbsp;securities.&nbsp;

Ahead of the festive season, the street is optimistic on retail demand across segments and we saw Financials lead from the front today, he said. &nbsp;

"Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the Green as we near the end of the Navratri festival. Positive Tailwinds at Home amidst gloom elsewhere in the globe left Bears stranded today as the Sensex vaulted past 58K," he added. &nbsp;

<h2>UK Policy UK's Policy U-turn &nbsp;</h2>

In a booster dose to weak global cues, the new Liz Truss-led UK government on Monday made an embarrassing U-turn on its central plank of tax cuts by withdrawing a controversial policy to abolish the topmost income tax slab for the wealthiest, following market turmoil and to avert a feared rebellion within the governing Conservative Party.&nbsp;

<h2>FIIs turning net buyers in cash market &nbsp;</h2>

The Foreign Institutional Investors (FIIs) turned net buyers on the first trading day of October as they bought equities worth Rs 590.58 crore. The FIIs sold to the tune of Rs 18,308.30 crore in the cash market in September against a net buy of Rs 14,119.75 crore by Domestic Institutional Investors (DIIs).&nbsp;

"For the near-term the market sentiments have turned positive with declining trend in dollar and US bond yields. If this trend continues FIIs will again turn big buyers in India and they will not get stocks cheap," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.&nbsp;

<h2>Smart recovery in Nifty50&nbsp;</h2>

The Nifty saw a smart recovery on October 4, post a steep decline in the previous session. &nbsp;

"On October 03, the index had gone down to retrace nearly 78.6% of the rise seen on September 30. The key Fibonacci level acted as a spring board, resulting in a swift up move today," said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.&nbsp;

Going ahead, 17300 is the immediate barrier to watch out for, he said. Unless that is crossed on a closing basis, the index is likely to witness a short-term consolidation. "However, if the bulls manage to surpass 17300 on a closing basis then the index can stretch till 17500.&nbsp;Near term support shifts higher to 17000," the expert added.&nbsp;

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Stock Market rally reasons:&nbsp; Ahead of the stock market holiday on Wednesday, the Indian market ended on a strong note as benchmarks Nifty50 and Sensex closed higher by more than two per cent each&nbsp;on Tuesday.&nbsp;


Bulls charge back as market gains over 2% — Key factors that drove rally on Dalal Street today 

After declining more than three and half per cent in September, the domestic equity market may close on a high note in October, indicated historical data of 30-share Sensex. In the past 10 years between 2012-2021, the Sensex had&nbsp;closed in the green on eight out of 10 occasions, according to the exchange data.&nbsp;&nbsp;

Between these years, the S&amp;P BSE Sensex also witnessed some spectacular closings in October—the Sensex ended higher by 4.06% in October 2020, while it gained 6.17% in October 2017 and a whooping 9.21% in October 2013. It declined by 4.93% in October 2018 and 1.37% in October 2012.&nbsp; &nbsp;&nbsp;

Meanwhile, the Sensex was trading higher by around 0.7% so far in October 2022 as on Tuesday.&nbsp; &nbsp;&nbsp;

Previously, snapping three negative months of closings, the Sensex had surged 8.58% in July 2022 and 4.42% in August 2022.&nbsp; &nbsp;&nbsp;

"In the last eight out of ten years Sensex has given positive returns in October. Also, markets have a record of troughing out in October. This may happen this October too," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.&nbsp;&nbsp;

Explaining the rationale further, he said the ‘risk-off, risk-on’ texture of the market is in response to fast-changing economic and market signals.&nbsp; &nbsp;&nbsp;

He said the market sentiments have turned positive for the near-term with declining trend in dollar and US bond yields.&nbsp; &nbsp;&nbsp;

Geojit Financial Services Chief Investment Strategist said this may also draw back Foreign Institutional investors (FIIs) back into the Indian market.&nbsp; &nbsp;&nbsp;

"If this trend continues FIIs will again turn big buyers in India and they will not get stocks cheap," said Vijay Kumar &nbsp;&nbsp;

On investment opportunity in the current market scenario, he feels financials and autos may again lead the uptrend since their fundamentals and prospects are strong. "Capital goods are likely to join the rally and telecom is on strong wicket too," he added.&nbsp; &nbsp;&nbsp;

<h2>Stock Market Holiday 2022, Diwali Muhurat Trading 2022</h2>

The Indian equity market (NSE, BSE) will see three holidays this month, starting October 5, when the markets will remain closed on account of Dussehra. Besides, BSE and NSE will be closed on October 24 and October 26 on the occasions of Diwali and Diwali Balipratipada). It is to be noted that though the market will remain closed on October 24, muhurat trading will take place on Diwali day, the timing for which is yet to be notified by the exchanges.&nbsp;

&nbsp;

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Stock market Outlook: After declining more than three and half per cent in September, the domestic equity market may close on a high note in October, as indicated by historical data of 30-share Sensex


Stock market in October: Why Sensex, Nifty may close in green in holiday-shortened month 

The domestic equity market started on a high note on Tuesday and further gained strength amid positive global cues, Q2 business updates&nbsp;and reversal in Foreign Institutional Investors'&nbsp;(FIIs) data. The FIIs turned net buyer in the Indian cash market with a buying of Rs 590.58 crore, as per exchange data. Besides, the three major US market indices closed over two per cent higher on Monday, while the Asian markets too gained on Tuesday. &nbsp;

In Tuesday's intraday trade, ahead of the stock market holiday on Wednesday, benchmarks Nifty50 an Sensex gained more than two per cent. The 30-share Sensex surged nearly 1200 points to trade near 58,000, while the Nifty50 jumped more than 350 points to trade around 17,250. &nbsp;

In the broader market Nifty Midcap and small cap traded higher by 2.2% and 1.70% respectively. Sectorally, all Nifty indices sat comfortably in the green as Bank, Auto, Metal and IT indices drove a rally amid Q2 business updates. &nbsp;

Earlier, some stocks came in focus based on their movement on Monday. These stocks were Cochin Shipyard, Triveni Turbine and Oracle Financial Services Software.&nbsp;

On Tuesday, shares of Cochin Shipyard traded around one per cent higher, Triveni Turbine gained more than five per cent and Oracle Financial Services Software&nbsp;rose around two and half per cent in BSE intraday trade.&nbsp;

Here is what Jatin Gohil - Technical and Derivative Research Analyst at Reliance Securities, recommends investors should do with these stocks. &nbsp;

<h2>Cochin Shipyard – Buy&nbsp;&nbsp;</h2>

Continuing its prior daily rising trend, the stock moved towards its highest level of Jan’20 (Rs 491.70). The key technical indicators are positively poised on long-term as well as medium-term timeframe charts. The stock has potential to move towards its life-time-high of Rs599. However, the stock may oscillate in the narrow range (Rs500-465) or witness near-term decline before a fresh up-move, as its short-term indicators stuck around the overbought zone. In case of any decline, as per the change in polarity principle, the stock will find support around its medium-term supply zone Rs435-425 zone. A fresh long position can be initiated on dips, while existing ones can be trailed around its medium-term supply zone.&nbsp;

<h2>Triveni Turbine - Buy&nbsp;&nbsp;</h2>

The stock extended its gain after surpassing its medium-term supply zone (placed between Rs224 and 232) and recorded a new high of Rs262. The stock is positively poised above its major moving averages. The key technical indicators are in favor of the bulls on long-term as well as medium-term timeframe charts. As mentioned earlier, a stable move above that supply zone could lead the stock towards Rs290 initially and Rs310 subsequently in the medium-term. On the lower side, its 20-day EMA (Rs228) will continue to work as a reversal point for the stock. A fresh long position can be initiated on dips, while existing ones can be trailed with its 20-day EMA for a probable rise.&nbsp;

<h2>Oracle Financial Services Software - Exit&nbsp;&nbsp;</h2>

Since Oct’21, the stock remained in tremendous pressure and still not given any sign of reversal. The stock is trading below its key moving averages on medium-term as well as short-term timeframe charts. The key technical indicators are negatively poised. &nbsp;

This could drag the stock towards Rs2,800 initially and Rs2,650 subsequently. On the higher side, the stock will face hurdles around the recent swing high of Rs3,420. A stable move above recent swing high will invalidate probable decline in the stock and may support a strong reversal.&nbsp;

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(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

The domestic equity market started on a high note on Tuesday and further gained strength amid positive global cues, Q2 business updates&nbsp;and reversal in Foreign Institutional Investors'&nbsp;(FIIs) data.&nbsp;


Cochin Shipyard, Triveni Turbine and Oracle Financial Services Software shares: Buy, sell or hold—What should investors do with these stocks?

The domestic equity market failed to maintain the momentum after closing strongly on Friday as benchmarks Nifty50 and Sensex dropped over one per cent each on Monday. Amid weak global cues, broader Nifty50 slipped below 16,900 to end at 16,887.35 with a cut of 1.21%, while the 30-share Sensex dropped 638 points or 1.11% to settle at 56,788.81.&nbsp;

Tracking profit booking in benchmark indices, Nifty Midcap and smallcap ended lower by 1.25% and 0.66% respectively.&nbsp;&nbsp;

Sectorally, Nifty Pharma and healthcare outperformed as the former closed higher by 1.11% and the latter gained 0.83%, while all other sectors slipped in the red. Bank, Auto and Metal indices declined the most on Monday.&nbsp;

"Global markets are expected to stay under pressure due to the confluence of an unfavourable economic outlook and investor risk aversion. Global markets were in pain as economic data forecast to shed lower as indicated by high-frequency indicators in European regions like UK PMI is consequently down below 50 showing contraction in economy. As demand slowed, India's manufacturing PMI declined slightly to 55.1 in September. As a result, all the key sectors were pressured by selling, except pharma &amp; Oil stocks," said&nbsp;Vinod Nair, Head of Research at Geojit Financial Services.&nbsp;&nbsp; 
&nbsp;

Here are major things to know before the market opens on Tuesday, October4, 2022.&nbsp;&nbsp;

Nifty support and resistance&nbsp;

The Nifty lacked follow through buying on October 03, after having formed a bullish outside bar &amp; an Engulfing bull candle on September 30. It witnessed downside pressure throughout the day &amp; ultimately formed an Inside bar pattern on the daily chart. In terms of the Fibonacci retracement, it retraced nearly 78.6% of Friday’s rise where the key Fibonacci level acted as a support near 16840. The weekly chart shows that the index has once again moved down to retest its key weekly moving averages. The overall structure shows that the index has stepped into a short-term consolidation mode &amp; can see consolidation near 16800-17200. The internal structure shows that a move towards the upper end of the range is likely in the coming sessions.&nbsp; --Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas&nbsp;

Bank Nifty support and resistance&nbsp;

The Bank nifty index started the week with a sharp correction and faces stiff resistance on the upside at the 38,500 level where aggressive call writing has been witnessed. The index next support stands at 37500 and if breached on a closing basis will aggravate the sell-off. The index is likely to witness volatility throughout the week and once should play with proper risk management on either side- Kunal Shah, Senior Technical &amp; Derivative Analyst at LKP Securities.&nbsp;

Mahanagar Gas hikes CNG, PNG&nbsp; prices in Mumbai&nbsp;&nbsp;

Mumbai City gas utility Mahanagar Gas has increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 6/kg and by Rs 4/ SCM respectively in and around the megapolis from Monday midnight.&nbsp;

Accordingly, the revised retail price of CNG will be Rs 86/kg and domestic PNG will be Rs 52.50/SCM, MGL said in a statement on Monday evening.&nbsp;

Rupee declines by 42 paise on October 3&nbsp;

The rupee fell by 42 paise to close at 81.82 against the US dollar on Monday, snapping its two-session gaining streak as heavy selling in domestic equities and a spike in crude oil prices weighed on the local unit. Besides, a stronger greenback against key rivals and weak macro data put pressure on the domestic currency, forex dealers said. At the interbank foreign exchange market, the local currency opened weak at 81.65, fell further to 81.98 against the American currency.&nbsp; 
It finally ended at 81.82, down 42 paise over its previous close. In the previous session, the rupee settled at 81.40 against the greenback.&nbsp;

India's manufacturing PMI slips to 55.1 in September&nbsp;

India's manufacturing PMI slipped to 55.1 in September, trailing estimates of 55.80 and previous month's reading of 56.2. The seasonally adjusted S&amp;P Global India Manufacturing Purchasing Managers' Index (PMI) indicated a strong improvement in the health of the Indian manufacturing industry, as companies stepped up production in tandem with a sustained increase in new work intakes.&nbsp;

FIIs turn buyers in cash market &nbsp;

Foreign institutional investors (FIIs) were net buyers in the capital market on Monday as they bought shares worth Rs 590.58 crore, as per exchange data. After infusing funds in the last two months, foreign investors turned sellers again in September and pulled out Rs 7,600 crore from the Indian equity markets amid a hawkish stance by the US Fed and sharp depreciation in the rupee.&nbsp;

Bulk Deal on October 4&nbsp;&nbsp;

Prithvi Finmart Private Ltd bought 2,36,097 shares of Alp Industries at a price of Rs2.54. Nirzar Enterprises sold 4,45,000 shares of Ansal Housing and Constriction at Rs 4.86 apiece. Topgain Finance Private ltd bought 56,48,872 shares of Excel Realty N Infra Ltd at Rs 0.67 per share. Ashika Global bought 1,08,000 shares of Associate Alcohol and Breweries at Rs 513.25 per share. &nbsp;

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

Zee Business Stock, Trading Guide 4&nbsp;October&nbsp; 2022: The domestic equity market failed to maintain the momentum after closing strongly on Friday as benchmarks Nifty50 and Sensex dropped over one per cent each on Monday.&nbsp;


Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 4 October  2022 

IDFC Mutual Fund is all set to launch a new fund comprising stocks from the transportation and logistics sector on Tuesday, October 4, 2022. An open-ended equity scheme, IDFC Transportation and Logistics Fund intends to benefit from the multi-year growth opportunity in the mobility services sector. &nbsp;

With an asset under management (AUM) of 120433 crore as on August 31, 2022, IDFC Mutual fund currently runs 42 schemes.&nbsp;

"Rapid urbanization is accelerating growth in personal mobility requirements. Additionally, powerful enablers like a strong demand-led recovery cycle and margin improvement provides visibility for strong earnings growth for the transportation and logistics sector," said Vishal Kapoor, CEO, IDFC AMC, highlighting the rationale behind launching this fund.&nbsp;

Growth in this sector is expected to be driven by rising aspirations, enhanced infrastructure, a surge in volumes and export-driven opportunities, he added. &nbsp;

NFO open and close dates, how to invest&nbsp;

The New Fund Offer opens on Tuesday, October 04, 2022, and closes on Tuesday, October 18, 2022. Investment can be made through licensed mutual fund distributors and online platforms as well as directly on the IDFC MF website https://idfcmf.com/.&nbsp;

Subscription During NFO: &nbsp;

Lumpsum purchase - Rs. 5000/- and in multiples of Re. 1/- thereafter.&nbsp;

SIP: Rs.100/- and in multiples of Rs.1 thereafter&nbsp;

Exit Load: If redeemed/switched out within 1 year from the date of allotment - 1% of applicable NAV;&nbsp;

If redeemed/switched out after 1 year from the date of allotment – Nil&nbsp;

Daylynn Pinto, Fund Manager for IDFC Transportation and Logistics Fund, said the Transportation and Logistics sector consists of 16 sub-sectors, providing a wide spectrum of investment opportunities and facilitating effective diversification of the portfolio. &nbsp;

"NSE data as of August 2022 indicates that the Nifty Transportation and Logistics Index has outperformed the Nifty 500 Index in 8 out of 11 calendar years from 2012 to 2022 (YTD Aug’22), demonstrating the potential of this sector to provide relatively higher returns over the long term," he added. &nbsp;

The IDFC Transportation and Logistics Fund has a bottom-up stock selection approach with investment across market cap segments, facilitating focus on the business specific aspects and aligning the execution with a medium to long-term view. The fund invests predominantly in companies that are part of the Transportation and Logistics sector with the flexibility to allocate up to 20% of its net assets to international businesses and companies of other sectors that have a compelling risk-reward opportunity.”&nbsp;

&nbsp;&nbsp;

IDFC Transportation and Logistics Fund : IDFC Mutual Fund is all set to launch a new fund comprising stocks from the transportation and logistics sector on Tuesday, October 4, 2022


IDFC Transportation and Logistics Fund opens tomorrow: Check closing date, lumpsum and SIP investment limits, exit load and other key details

Shares of this small cap company with a market-cap of a little 0.57 crore will turn ex-bonus and ex-dividend tomorrow, Tuesday. The company that caters to diversified commercial services space claims to serve over 25 products, including oil seeds, spices and grains, to more than 75 destinations. &nbsp;

The last trading price of M Lakhamsi Industries, formerly known as Specular Marketing and Financing Limited,&nbsp;was Rs 6.72 per share on the BSE. &nbsp;

<h2>M Lakhamsi Industries bonus share 2022&nbsp;</h2>

The company had announced a bonus in the ratio of 6:1 and a dividend of 0.5 paise per share.&nbsp;

As per M Lakhamsi Industries bonus share 2022 scheme of arrangements, an eligible shareholder will be entitled for six shares against every share held by him/her in their demat account on the record date.&nbsp; &nbsp;

<h2>M Lakhamsi Industries bonus share record date 2022&nbsp;</h2>

Subsequently, on September 26, it also fixed the record date for issuance of bonus shares for eligible shareholders. &nbsp;

"The Board has fixed Wednesday, 05th day of October, 2022 as the record date, for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid-up Bonus Shares in the ratio of 6:1 (i.e. issue of 6 (Six) equity share for every existing 1 (one) equity shares of Rs 10/- each subject to in-principal approval of BSE Limited," the company said in a regulatory filing. &nbsp;

Earlier, it had also declared dividend of Rs 0.5 per share, the record date for which was also fixed as October , 2022. &nbsp;&nbsp;

"Declaration of Dividend as per recommendation by the Board of Directors in Board Meeting held on 30th May, 2022 a final dividend of Rs. 0.50 (Fifty Paisa Only), i.e., 5% per share having face value of Rs. 10 each for the financial year ending on 31st March, 2022," it had said. &nbsp;

Post-bonus issue paid-up share capital is expected to be around INR 5,93,60,000/- divided into 59,36,000 equity shares of INR 10/- each. &nbsp;

As per June 2022 shareholding pattern of the company, promoters hold a majority of 75.29% and the public occupies the remaining 24.71% stake in the company.&nbsp;&nbsp;

M Lakhamsi Industries bonus, dividend record date 2022:&nbsp;Shares of this small cap company with a market-cap of a little 0.57 crore will turn ex-bonus and ex-dividend tomorrow, Tuesday


Penny stock that announced 6 bonus shares for every 1 share to trade ex-bonus, ex-dividend tomorrow 

IT behemoth Tata Consultancy Services (TCS) will kick-off the Q2FY23 earnings season for IT stocks on next Monday, October 10. It will be closely followed by HCL Technolgies on October 12 and the second largest domestic IT firm in terms of revenues,&nbsp;Infosys, will present it’s the results for the quarter ended September on October 13. Besides, Wipro Q2FY23 results will also be announced on October 12. &nbsp;

Brokerage firm Nirmal Bang expects the revenue growth of IT majors to grow by 3.5-4.5% on a quarter-on-quarter (QoQ) basis amid underperformance by the Nifty IT index. &nbsp;

&nbsp;The Nifty IT index declined for the third consecutive quarter. The index was down 3.1% in 2QFY23, underperforming Nifty by a staggering around 1140bps. &nbsp;

As per Nirmal Bang, the under-performance of Nifty IT was due to compression of the high starting valuation of the sector after significant PE multiple expansion over 2020 and in 2021. &nbsp;

"This was due to the change in interest rate regime in developed markets (DMs). Fears of a recession in DMs over the next 12 months on account of stronger and swifter monetary tightening by central banks, especially by the US Fed. Concerns emerging around demand in 2HFY23 and FY24, especially amid adverse comments by IT ecosystem players, including those in software and hardware, "it said. &nbsp;

The underperformance of Nifty IT in 2QFY23 was driven by TCS (down 8%) in the Tier-1 pack and by a mixed performance within the Tier-2 set (Mphasis was down 9% while Mindtree was up 9%), as per the brokerage&nbsp;

<h2>TCS Q2 FY23 results Preview: &nbsp;</h2>

The IT major is expected to report a revenue growth of approximately 3.5% QoQ on CC basis, backed by strong order inflow of the last 12 months &nbsp;

"For 2QFY23, we think that margins will expand by 80bps QoQ, driven largely by reduced operational slack, automation, INR depreciation vs USD and growth," says Nirmal Bang. &nbsp;

It expects hiring slowdown to continue, while attrition to remain elevated in 2QFY23. &nbsp;

<h2>Infosys Q2FY23 Results Preview: &nbsp;</h2>

Bengaluru-headquarter second largest IT major domestically, Infosys can register a revenue growth of 4.5% QoQ in CC terms and maintain its tag of being the fastest growing Tier-1 player in the industry. &nbsp;

"We expect the margin to be at the lower end of the guided range of 21-23%, and is likely to expand by 110bps QoQ. We expect the revenue growth (14-16% in CC terms) and margin guidance (21-23% at the lower end) to be maintained," said Nirmal Bang&nbsp;

It further said that with the quarterly annualised attrition trending downwards, TTM based voluntary attrition may stabilise. &nbsp;

<h2>HCL Technologies Q2FY23 Results Preview&nbsp;</h2>

HCL Tech may see a 4% CC growth in September on QoQ basis. The brokerage expects the growth to improve in 2QFY23. "We expect margin to expand QoQ by 100bps and remain at the lower end of the guided range of 18-20%, owing to continued supply-side pressures and salary hikes," it said. &nbsp;

Saying the cash position had weakened in 1QFY23 due to delay in collections, it expects to see strong cash flow generation in 2QFY23, with improvement in days sales outstanding (DSO).&nbsp;

<h2>Wipro Q2FY23 Results Preview&nbsp;</h2>

Nirmal Bang estimates 3.5% CC QoQ revenue growth in 2QFY23, well within Wipro’s growth guidance of 3-5%. It expects margin of this IT major to expand by 70bps, but may remain below its guided range of 17-17.5%, owing to higher compensation and initiation of quarterly promotions. &nbsp;

<h2>IT stocks to buy&nbsp;</h2>

Brokerage firm JF financial sees a better risk-reward in Tier I tech companies due to potential customer specific troubles seeping in for the smaller firms in a weakening demand environment. It recommended a buy on Infosys, HCL Technologies and Tech Mahindra amongst the Tier I IT companies.&nbsp;

&nbsp;

IT sector Q2FY23 Preview:IT behemoth Tata Consultancy Services (TCS) will kick-off the Q2FY23 earnings season for IT stocks on next Monday, October 10.&nbsp;


TCS, Infosys, Tech Mahindra Q2 FY23 results preview: analyst sees 3.5-4.5% revenue growth QoQ  

Credit default swaps (CDS) Explainer:&nbsp;Credit Suisse, one of the world's largest banks, has recently been in the news for all the wrong reasons. The current financial health of the bank has worsened to the extent that experts and analysts have begun comparing&nbsp;it to the 2008 Lehman Brothers crisis —&nbsp;when&nbsp;the US-based bank had to file for bankruptcy. Panic gripped the global markets after Credit Suisse's five-year credit default swaps (CDS), which began the year at 57 bps, jumped 6 basis points to close at 247 bps on Friday, as per S&amp;P Global Market Intelligence data. Let's have a look at credit default swaps meaning and how they affect an entity or a company...&nbsp;

<h2>What is credit default swaps (CDS)? &nbsp;</h2>

The credit which offers protection against default risk by a particular company is called CDS. Simply put, credit default swap is a&nbsp;type of insurance that protects a party against payment defaults. It is a contract between two parties—protection buyer and protection seller. It is a financial contract, whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. The CDS is a tool to transfer and manage credit risk in an effective manner through redistribution of risk. &nbsp;

<h2>Why and When CDS was introduced? &nbsp;</h2>

It was introduced for leveraging portfolios, hedging, arbitration, and speculation. Credit default swaps were invented by JP Morgan in 1994.&nbsp;

<h2>How CDS work? &nbsp;</h2>

As most CDS contracts have a premium&nbsp;payment condition, a buyer can take risk control measures by shifting the risk to an insurance company in exchange for periodic payments. It is usually used by lenders to offset or swap the risk of defaulting by the borrowers. &nbsp;

<h2>Advantages of CDS&nbsp;</h2>

Apart from helping the buyer against the risk of non-payment by an entity, these swaps help the buyer to invest in riskier investments as the cost of such protection is very low. &nbsp;

<h2>Risk With CDS&nbsp;</h2>

The risk with CDS is that the buyer may default on the contract, causing a great deal of loss to the seller. The seller in this case will transfer the CDS to a third party, dropping the original buyer from the contract. However, the seller usually ends up incurring huge losses as he/she is forced to sell the new CDS at lower price. Besides, CDS risks comprise counterparty credit, operational, concentration, and jump-to-default risk. &nbsp;

<h2>How CDS drives bankruptcy&nbsp;</h2>

When a reference entity or a buyer fails to pay interest or principles, it drives the concerned party to file insolvency or bankruptcy due to its inability to pay the debt to the seller. &nbsp;

<h2>What does Credit Suisse surge CDS means for global markets? &nbsp;</h2>

Zee Business Managing Editor Anil Singhvi said, that for the first time, an event like Credit Suisse CDS hints at a probable recession. He said one needs to closely monitor the development around Credit Suisse as the stock of the bank had come down to $3.93 on last Friday from 12-month high of $10&nbsp;

<h2>What does Credit Suisse crisis mean for Indian market? &nbsp;</h2>

Even though the global markets are still to factor in the crisis surrounding Credit Suisse, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, says the fears regarding the Credit Suisse crisis are unlikely to impact the markets since it doesn’t have the potential to become a systemic crisis.&nbsp;

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What are credit default swaps (CDS)? Credit Suisse, one of the world's largest banks, has been making noise for all the wrong reasons.&nbsp;


Credit Suisse CDS spike: What are credit default swaps? How they work, advantages and risks—Explained  

Paytm share price target: Paytm share price jumped over four per cent in a weak market on the BSE on Monday. Shares of Paytm jumped 4.47% on Monday's intraday&nbsp;trade to Rs 665.95 per share on the BSE. Shares of online payment solutions provider, which were trading at a discount of around 67% from their 52-week high value on Monday's opening price, can surge around 55% from current levels. Paytm stock price closed three per cent higher to Rs&nbsp;657.25 per share on the BSE on Monday.&nbsp;&nbsp;

Global brokerage firm JP Morgan maintained an Overweight rating on the counter&nbsp;with a target price of Rs 1000, an upside of 55.4% on Monday's opening price of Rs 645 per share. &nbsp;

JP Morgan bullishness was based on company's ability to drive monetization and profits across several segments. &nbsp;

"PAYTM is the leading “fintech horizontal” in India, having built more sources of monetization across payments, commerce and financial services than all of its competitors. This gives it the unique ability to drive monetization and profits across several segments at lower CAC (customer acquisition cost) vs peers," it said in a note. &nbsp;

It expects PAYTM to see strong revenue growth across all its business segments, thanks to device monetization in payments, financial services cross-selling, ticketing recovery and rising ad monetization. &nbsp;

"We see it retaining the highest revenue and profit levels among local vertical and global horizontal peers. We value PAYTM using a DCF valuation baking in rising cost of capital with a 18.5% COE and 20x exit multiple that yields a March-23 PT of Rs1,000 ," said the brokerage. &nbsp;

It said lower-than-anticipated growth in MTU (monthly transacting users) and GMV/MTU and &nbsp;lower-than-anticipated growth in loans and risk of unestablished portfolio credit behavior can pose threat to price target. Adverse regulatory risks to payment MDRs and restrictions on digital lending can also be a risk to rating and price target, underlined JP Morgan. &nbsp;

Shares of Paytm, the then biggest IPO in India's capital market history, had made a tepid debut on exchanges, NSE and BSE, in November last year. Paytm shares opened at Rs 1,955 on the BSE, below 9% over the issue price of Rs 2,150. On the NSE, Paytm shares were listed at Rs 1950.&nbsp;

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Paytm share price jumped over four per cent in a weak market on the BSE on Monday.&nbsp;


Paytm share price closes 3% higher in weak market, brokerage sees 55% upside; know buying rationale  

In contrast to the benchmark indices, the pharma and healthcare indices surged in a weak market.&nbsp; Nifty Pharma jumped over two per cent against more than one per cent decline in barometer indices. Led by Cipla and Sun Pharma, which hit 52-week highs on Monday, the 20-share index touched the day's high of 13,241.10.&nbsp; Apparently, despite volatility, the Nifty Pharma index has gained over five per cent in the past one week against almost one per cent cut in Nifty50 and Sensex.&nbsp;

Cipla share price jumped around two per cent to trade at 52-week high value of Rs 1144.95 on the BSE, while Sun Pharma stock price gained marginally in early trade to hit fresh high of Rs 967.50 on the exchange.&nbsp; &nbsp;

Meanwhile, the actual rally was driven by Zydus Life Sciences and Lupin as they a gained almost six per cent each on BSE. Shares of Zydus Life Sciences were trading higher by 5.6% or up Rs21.80 to Rs 408.50 per share and Lupin stock price jumped 5.7% to Rs 718.30 per share in BSE intraday trade on Tuesday.&nbsp;&nbsp;

Other top gainers were Aurobindo Pharma and Sanofi India, which gained 4.6% and 3% respectively. Aurobindo Pharma share price traded at Rs 533.40&nbsp; &nbsp;a share, while Sanofi India stock traded at 5963.75 per share on the BSE.&nbsp;&nbsp;

Meanwhile, ahead of closing bells, benchmarks dropped over one per cent. The Nifty50 traded near 16,900, while the Sensex around 56800 amid weak global cues.&nbsp;&nbsp;

&nbsp;

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In contrast to the benchmark indices, the pharma and healthcare indices surged in a weak market.&nbsp;&nbsp;


Ravi Kant Kumar