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After a significant 1,420-point drop in Nifty over six days, historical trends show potential for recovery, bolstered by domestic institutional and retail investors. A six-day consecutive fall has often led to positive returns, suggesting short-term declines may offer strategic buying opportunities.

Tata Motors will capture attention as Tata Power seeks over 3 GW of wind turbines for its hybrid energy facilities, with potential orders exceeding Rs 21,000 crore. Bidders include Siemens Gamesa and Suzlon Energy. Plans aim for 20 GW capacity by 2030, as Tata Power shifts towards 100% clean energy by FY45.

Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Government bond yields may fall by up to 5 basis points in the early hours of trade on Wednesday as the prospect of sustained overseas flows is likely to boost market sentiment. However, an hour into trade, bond traders will take fresh cues from the Reserve Bank of India’s policy statement which is scheduled at 10 am. Yield on the 10-year government bond closed at 6.82% on Tuesday.

Hyundai Motor India will launch its IPO on October 15, aiming to raise up to Rs 27,856 crore. The offer includes up to 14.2 crore shares. QIBs have 50% reserved, retail investors 35%, and non-institutional investors 15%. The tentative listing on NSE and BSE is on October 22.

Ten stocks, including Bandhan Bank, Birlasoft, and PNB, are banned from F&O trading due to high open interest exceeding 95% of the market-wide position limits. The ban is reversed if open interest drops below 80%. Indian indices rebounded driven by HDFC Bank and Reliance Industries ahead of RBI policy decisions.

JSW Infrastructure announced the resignation of Arun Maheshwari as its Managing Director and CEO. Maheshwari, shifting roles within the JSW group, will stay on as a Non-Executive Director until November 7, 2024. Shares of JSW Infrastructure closed at Rs 323.45 after a recent gain, having outperformed the market significantly over the last year.

Edelweiss Financial Services has launched a Rs 200 crore public issue of Secured Redeemable Non-Convertible Debentures (NCDs), offering yields of up to 11% per annum. With 12 series of NCDs, the funds will primarily be used to repay existing borrowings. The issue opens on October 7 and will be listed on BSE.

So, I think that bit of the pie for listed players will expand. Between the two, I would like to recommend and even try to buy Hyundai post listing. I do not really invest in IPOs, it is a big waste of time. But Hyundai, if you get it at a good price, it is something you should buy and hold in your portfolio. This is a sector which should do really, really well going forward. So, yes, and Swiggy, I am really not sure even with Zomato, if with all these businesses, Blinkit and everything else that they are doing.