Investors are advised to closely monitor key support and resistance levels as they evaluate trading opportunities in the forthcoming sessions. Stocks to buy on Monday: 📌Syrma SGS Technology | Buy at ₹499 | Target Price: ₹560 | Stop Loss: ₹475 📌RBL Bank | Buy at ₹176 | Target Price: ₹185 | Stop Loss: ₹170

Alas, the winds have begun to turn for the Indian markets. After a stellar one-way run for the second year in a row, one is witnessing some serious pullbacks, especially within small and mid-cap stocks. Momentum stocks that have had a massive run over the last six months are facing the brunt of the market’s wrath, while value stocks are suffering collateral damage.

Google India's revenue surged 26% year-on-year to Rs 5,921.1 crore in FY24, driven by strong growth in digital advertising and sales of enterprise products. Net profit saw a modest 6% increase to Rs 1,424.9 crore. Google India's revenue surge was driven by digital adoption and enterprise product sales. Net profit saw a modest 6% increase to Rs 1,424.9 crore.

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems. Paint-maker Sherwin-Williams will also replace chemical company Dow Inc. among the companies that make up the 30-stock average.

Foreign investors pulled out a massive ₹94,000 crore (around $11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered by the elevated valuation of domestic equities and attractive valuations of Chinese stocks. Before this, foreign portfolio investors (FPIs) withdrew ₹61,973 crore from equities in March 2020.

📌Investors will closely watch corporate earnings as the next batch of Q2FY25 results to be released this week. 📌The U.S. Federal Reserve’s policy meeting on November 7, following the November 5 presidential election, is expected to impact Indian equity markets significantly. 📌October saw a record Rs 1,13,858 crore outflow from foreign portfolio investors (FPIs) in the Indian secondary markets.

AM/NS India, the joint venture between ArcelorMittal and Nippon Steel, is set to establish one of the largest greenfield steel projects in India, reported the Economic Times. The company plans to invest Rs 1.4 lakh crore to build an integrated steel plant in Andhra Pradesh's Anakapalli district, with a capacity of 17.8 million tonnes per annum (MTPA).

The combined revenue of companies that have declared their Q2 financial results so far has risen 9% year-on-year, while net profit declined 2.7%, a Mint analysis showed. Excluding the companies in BFSI sectors, the topline grew 6.8%, while profit fell 6%. The analysis covered 1,023 BSE-listed companies that had declared their results by Friday and whose data was available on Capitaline’s database.

The combined market valuation of 6 of the top-10 most-valued firms surged Rs 1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming the biggest gainers. Leading stock exchanges BSE and NSE conducted a one-hour special 'Muhurat Trading' session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081.

Adani Power Jharkhand Ltd, a wholly-owned subsidiary of Adani Power, has warned that it will discontinue electricity supply to Bangladesh if outstanding dues totaling nearly $850 mn (approx Rs 7,200 crore) are not settled by November 7, as per a Times of India report. According to the latest local media reports, APJL has already halved its power supply due to unpaid bills, which amount to $846 mn.

Gold prices observed a slight decrease on Sunday. The cost of 24 carat gold is Rs.8057.3 per gm, down by Rs.150.0. The cost of 22 carat gold is Rs.7382.3 per gm, down by Rs.190.0.The price change in 24 carat gold over the past week has been -1.3%, while in the past month it has been -4.49%.The cost of silver is Rs.100100.0 per kg, reflecting an increase of Rs.100.0 per kg.

Afcons Infrastructure IPO: The initial public offering (IPO) of Afcons Infrastructure Ltd, the flagship infrastructure company of Shapoorji Pallonji group, saw a lukewarm demand from retail investors during its bidding period. The applicants now await Afcons Infrastructure IPO listing date which has been finalised. Afcons Infrastructure IPO listing date is fixed as November 4, 2024.

Swiggy's IPO, set to launch on November 6, has a fixed price band of Rs 371-390 per share, with investors willing to pay Rs 409 per share, indicating a 5% grey market premium. The company has reduced its valuation to $11.3 billion due to market volatility, and plans to turn EBITDA positive by cutting promotional spends.

ABB India, which is expected to announce its Q3 results on November 4, is likely to report a 17 percent YoY increase in revenue to around Rs 3,243.1 crore on the back of order inflow, strong execution in Motion & Electrification segment and momentum in new areas. The company follows the January to December financial year.

After a quiet week passed by, the primary market will see a lot of action next week starting from November 4 as four big IPOs will hit Dalal Street, including the much-awaited Swiggy IPO from the mainboard segment, apart from only one public issue from the SME segment. This optimism is despite the bearish rule of Dalal Street since October.