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<ul><li>The SGX Nifty was trading 0.55% higher at 7:47 am, indicating a positive opening for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst mixed cues from the global markets, the Indian equities are likely to open flat on Tuesday. The SGX Nifty was trading 0.55% higher at 7:47 am, indicating a positive opening for Nifty50. However, the US stock markets suffered their sharpest drop in weeks as concerns about the economic impact of surging coronavirus cases sent shares tumbling. The Dow Jones Industrial Average closed 2.3% lower. And, the S&amp;P 500 fell 1.8% on Monday. These are the stocks to watch out for during the trading session on October 27: M&amp;M Finance Mahindra and Mahindra Financial Services (M&amp;M Finance) reported a 34% jump in consolidated net profit at ₹353 crore for the second quarter ended September 30. The company said in the quarter under review their total income increased 5% to ₹3,071 crore. The shares of M&amp;M Finance ended 3% lower on Monday. <keyword id="127124" type="CITY" weightage="20" keywordseo="DHFL">DHFL</keyword> The lenders of debt-ridden DHFL have asked the four bidders to get back with a revised offer by 31 October as part of the on-going resolution process. The four bidders include Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy. The shares of DHFL ended 5% lower on Monday. <keyword id="13222" type="CITY" weightage="20" keywordseo="SBI">SBI</keyword> The State Bank of India (SBI) has raised ₹5,000 crore by issuing Basel-III compliant bonds. The shares of SBI ended 3% lower on Monday. Cadila Healthcare According to a <a href="https://www.bloomberg.com/news/articles/2020-10-26/covid-vaccine-developer-in-india-plans-to-boost-capacity-by-70">Bloomberg report, </a>the Indian drugmaker Cadila Healthcare is in talks with potential partners to ramp up its indigenous COVID-19 vaccine development and production capacity. The shares of Cadila Healthcare ended 2% lower on Monday. Bharti <keyword id="15491" type="COMPANY" weightage="20" keywordseo="Airtel">Airtel</keyword> and <keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> The stocks of <a href="https://www.businessinsider.in/business/telecom/news/airtel-second-quarter-earnings-preview-q2-2020/articleshow/78871621.cms">Bharti Airtel</a> and <a href="https://www.businessinsider.in/business/corporates/news/tata-motors-may-report-losses-for-yet-another-quarter-led-by-weak-jlr-sales-commercial-vehicles-pain/articleshow/78873532.cms?upcache=2">Tata Motors</a> will remain in focus as the companies are slated to announce their quarterly financial results today. The shares of Bharti Airtel and Tata Motors ended 0.14% and 2.45% lower on Monday. <keyword id="9797740" type="PERSON" weightage="20" keywordseo="coforge">Coforge</keyword> The promoter and a part of private equity investor Baring Private Equity Asia (BPEA), Hulst BV sold 38 lakh shares or 6.27% of Coforge for ₹878 crore through block deals. As per the stock exchange data, Hulst B V held a 70.28% stake in the Coforge. The shares of Coforge ended 7% lower on Monday. Indian Railway Catering and Tourism Corporation (IRCTC) The government has appointed merchant bankers for a period of three years for disinvestment of stake in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale (OFS). The shares of IRCTC ended 0.37% lower on Monday. Adani Ports The Adani Ports promoter SB Adani family trust created a pledge of 1.74 crore shares on October 23. The shares of Adani Ports ended 1% lower on Monday. Angel Broking The recently listed broker, Angel Broking posted the highest ever quarterly profit-after-tax at ₹74 crore for the quarter ended September 30. The company in its regulatory filing said its total income grew 29% to ₹317 crore for the quarter under review. The shares of Angel Broking ended 3.3% lower on Monday. Great Eastern Shipping India's largest private sector shipping company, Great Eastern Shipping board has approved raising capital aggregating up to ₹150 crore by way of private placement. The shares of Great Eastern Shipping ended 2% higher on Monday. IDBI Bank The board of IDBI Bank is slated to meet on October 29 to consider raising funds via qualified institutional placement. The shares of IDBI Bank ended 3% lower on Monday. Aurobindo Pharma A Swiss multinational pharmaceutical company, Novartis has filed a complaint in the Federal Court in Delaware US, against Aurobindo Pharma. The company said that Aurobindo's proposed generic version of a treatment for dry eye infringes 15 patents for Xiidra, which Novartis acquired in 2019 for $3.4 billion. The shares of Aurobindo Pharma ended flat on Monday. NTPC The board of state-owned NTPC or National Thermal Power Corporation will consider share buyback on November 2. The shares of NTPC ended 0.52% lower on Monday. SEE ALSO: <a href="https://www.businessinsider.in/science/news/the-moon-is-sprinkled-with-patches-of-frozen-water-nasa-scientists-discovered-mining-it-may-be-crucial-for-travel-to-mars-and-beyond-/articleshow/78877243.cms" data-type="tilCustomLink">The moon is sprinkled with patches of frozen water, NASA scientists discovered. Mining it may be crucial for travel to Mars and beyond.</a> <a href="https://www.businessinsider.in/business/corporates/news/tata-motors-may-report-losses-for-yet-another-quarter-led-by-weak-jlr-sales-commercial-vehicles-pain/articleshow/78873532.cms" data-type="tilCustomLink">Tata Motors may report loss for yet another quarter led by weak JLR sales, commercial vehicles’ pain</a>

Top stocks to watch — Mahindra Finance, Tata Motors, Airtel, DHFL, SBI, Coforge, and others

<keyword id="334749" type="General" weightage="50" keywordseo="icici-securities-ltd" source="Orion">ICICI Securities Ltd</keyword> on Wednesday said it is one-year forward Nifty target is 19,425 with a sectoral bias towards banks, capital goods/infrastructure and automobiles. It has suggested investors to avoid sectors like information technology (IT), oil and gas and metals as they have more global exposure. The company has recommended Axis Bank, City Union Bank, Apollo Tyres, Eicher Motors, Coforge, Lemon Tree Hotels, Healthcare Global Enterprises, Laurus Labs, Container Corp, and Havells India stocks as its Muhurat 2022 picks. In a report, <keyword id="46909" type="General" weightage="100" keywordseo="icici-securities" source="Orion">ICICI Securities</keyword> said the year 2022 has been marked by volatility on account of a wide variety of global new flows ranging from geopolitical issues, higher inflation (mainly food and energy), and hawkish action of central banks. This has led to a decline in global equities, mainly in the US and <keyword id="28249" type="General" weightage="50" keywordseo="europe" source="Orion">Europe</keyword>. However, India has relatively outperformed global peers in terms of all economic parameters (capex spend, discretionary consumption, robust pick-up in banking activity, etc), the report notes. The same is reflected across Indian equity markets. "Going ahead, we believe Corporate India will likely deliver earnings growth in excess of 15 per cent over the next two years given the current economic milieu and provide a plethora of investing opportunities in Indian markets," ICICI Securities said. However, sticky global inflation will keep central banks hawkish and India will be no exception. Similar implications for global liquidity flows may create medium-term volatility in Indian markets. However, if such a scenario materialises, then the same will be a strong opportunity to take exposure to Indian equities, the report said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/financial-data-of-over-9-mn-cardholders-leaked-including-from-sbi-researchers/articleshow/94814538.cms">Financial data of over 9 mn cardholders leaked, including from SBI: Researchers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/these-are-the-5g-bands-supported-by-airtel-and-jio/articleshow/94814497.cms">These are the 5G bands supported by Airtel and Jio – make sure your phone has them</a>

Avoid sectors having global exposure like IT, oil, gas: ICICI Securities

<ul><li>The stocks of <keyword id="6357549" type="UNKNOWN" weightage="20" keywordseo="Indian-IT-companies">Indian IT companies</keyword> from Tata Consultancy Services (TCS) to Mindtree are on fire as the rest of the market struggles against the uncertainty brought on by the second COVID-19 wave.</li><li>The rally comes ahead of these companies getting ready to post their earnings next week and the street expecting robust numbers.</li><li>Analysts believe that the deal momentum will carry IT companies through, not just the coming quarters, but the next two to three years.</li></ul>The second wave of COVID-19 may be bad news for many sectors of the Indian economy, but not for information technology (IT) companies like Tata Consultancy Services (TCS), Infosys, Wipro and Mindtree. The shares of Indian IT firms, big and small, have been rallying this past week in anticipation of blockbuster earnings, while the overall market remained volatile. Since April 1, <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword> IT has risen by 3.27% and the past week alone has brought in gains of 1.3%. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change in share price on April 7 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MindTree </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.9% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CoForge </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.7% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.65% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.35% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.28% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.90% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.23% </td></tr></tbody></table>Source: NSE “The fourth quarter is traditionally a soft quarter for IT companies, but this time around the street’s expectations are very strong,” Sanjiv Hota, vice president and head of research at Sharekhan told Business Insider India. That being said, some players are doing better than others on the stock market. More than just the quarterly results, analysts believe that the inflow of demand due to the pandemic is also firming up the earnings of companies like TCS, HCL Technologies, Infosys and Wipro in the longer run. “A big shift that is happening. Earning visibility for the IT sector over the next two to three years is getting very strong,” Hota explained. <div type="image" title="IT stocks" msid="81961824" hostid="261" caption="&amp;lt;p&amp;gt;The rise of Nifty IT since January&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="Greenback’s strength is only a temporary factor" comment="subhead" text="Greenback’s strength is only a temporary factor">Greenback’s strength is only a temporary factor</cmsannotation> The depreciating rupee, which softened to a <a href="https://www.moneycontrol.com/news/business/markets/rupee-opens-lower-at-73-55-per-dollar-6737851.html">two-week low</a> on April 7 after the <keyword id="6354335" type="COMPANY" weightage="20" keywordseo="reserve-bank-of-india">Reserve Bank of India</keyword> (RBI) announced that India’s monetary policy will continue to support liquidity, is only a temporary movement. “Depreciating rupee is always good for IT companies. In the last three quarters, offshore proportion has increased,” said Urmil Shah, the vice president of institutional equities at IDBI Capital. Overall, IT stocks are more fundamental in nature. “The results are expected to be particularly good with the increase in demand and second wave of COVID-19,” Harit Shah, a senior research analyst at KRChoksey told Business Insider, explaining how the market closed in the red on Monday, April 5, but IT stocks were among the top gainers. The pandemic sped up demand from clients as more businesses looked to digital solutions to help employees work from home and keep in touch with their customers in a contact-less way. What started in the first quarter is going to come to fruition between January and March. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/osiris-exoplanet-was-formed-at-least-a-100-times-farther-away-from-its-sun-than-where-it-is-now-and-has-six-chemicals-in-its-atmosphere-to-prove-it/articleshow/81953394.cms">The first-ever exoplanet discovered was born at least a 100 times farther away from its Sun than where it is now — and has six chemicals in its atmosphere to prove it</a> <a href="https://www.businessinsider.in/stock-market/news/macrotech-developers-ipo-formerly-known-as-lodha-developers-faces-high-debt-and-covid-scare/articleshow/81948568.cms">Macrotech Developers’ IPO has low home loan interest rate playing in its favour — but high debt and COVID-19 pandemic cloud its prospects</a>

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