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Surpassing the 100-Day SMA is often seen as a positive sign, indicating potential short to mid-term growth. On October 31, several major stocks surged above their 100-Day SMA, signaling potential bullish trends.

Earlier this year, Hero decided to separate the roles of the Chairman & CEO and appoint a CEO for the company. Following this transition, Munjal volunteered to reduce his fixed salary. Munjal has been accused of forgery and fraud charges in an FIR filed by the Delhi Police recently. The Delhi High Court later stayed the criminal proceedings against Hero MotoCorp and its chairman in the case.

Vodafone Idea has formed a new 52-week high on Wednesday. Fundamentally, the company is expected to secure funding (~Rs 20,000 crore in the form of debt and equity) from investors as per the latest earnings conference call.

Its revenue from operations was marginally up 1.05 per cent to Rs 213.86 crore during the period under review as against Rs 211.63 crore in the corresponding quarter of the previous fiscal.

The exceptional loss includes an impairment charge of Rs 2,631 crore, which is related to Tata Steel UK, a step-down subsidiary. In addition, the company has also undertaken a charge towards restructuring and other provisions of Rs 3,612 crore.

The S&P BSE Sensex closed 0.44% lower at 63,591, while the NSE Nifty 50 index ended below the 19,000 level

Shareholders of Tata Steel Long Products will get 67 shares of Tata Steel for every 10 shares held by them in the former.

Consolidated net revenue from operations grew by merely 1% on year to Rs 4,433 crore, but was lower than the estimated Rs 4,550 crore. Operating profit, calculated as EBITDA, grew by nearly 23% on year to Rs 872.42 crore. As a result, operating margin expanded a whopping 343 basis points to 19.68%