The NSE Nifty50 closed at 10,146.80, down by more than 98 points, or 0.96 percent, while the BSE Sensex declined by 287 points, or 0.84 percent, to end at 33,847. Both the Nifty MidCap and BSE MidCap posted losses by 0.86 percent and 0.89 percent, respectively. Shares of HPCL, Indiabulls Housing Finance, HDFC, IndusInd Bank, Bajaj Auto, Yes Bank and Power Grid ended among top gainers, rising by up to 3.47 percent. Asian Paints, Sun Pharma, Wipro, Grasim, UltraTech Cement, TCS and Infosys fell by up to 5.07 percent. 

Shares of TVS Motor Company recovered and rose over 3.42 percent to trade at Rs 533.95 at 3.20 pm on the NSE after the company's operating margin for July-September expanded on quarter. Analysts had expected the company's July-September operating margins to remain flat. Margins expanded for July-September largely led by exports revenue, which was aided by weakness in the rupee against the dollar. TVS Motor supplies two-wheelers to markets in Africa and Latin America and exports contribute around 20 percent of its total sales volumes. The operating margin for July-September was at 8.6 percent, up 90 basis points on quarter. The company's net profit for Jul-Sep was at Rs 2.1 billion, higher than analysts' estimates of Rs 2.08 billion. (Cogencis)

Shares of Hindustan Petroleum Corp. recovered after global crude oil prices sank. Shares of the company fell as much as 4 percent earlier in the session. The Brent futures traded on the Intercontinental Exchange fell 1.2 percent to below $79 per barrel mark on concern over global demand. The fall in crude oil prices also reduces the risk of a likely intervention by the government in determining domestic retail fuel prices. HPCL shares traded at Rs 217.25, rising 3.16 percent at 3.18 pm on the NSE. Benchmark indexes reduced losses as well. The Nifty traded 0.94 percent lower at 10,148, while the Sensex was down 0.86 percent to 33,841.

Asian Paints shares opened at a loss of 5.70 percent at Rs 1,135.20 and further extended losses. The stock traded at Rs 1,129.05 at 2.40 pm on the NSE, still lower by nearly 6 percent, but recovering from the day's low of Rs 1,118. Kansai Nerolac Paints hit a 52-week low of Rs 343 in intra-day trade, after opening at Rs 370. The stock traded nearly 8 percent down at Rs 356 at 2.40 pm. Berger Paints' shares also fell 4.3 percent to Rs 267.85 in a rub-off effect, impacted by overall poor sentiments in paint stocks. The company is due to announce its Q2 results on November 1.

Shares of Bajaj Finance traded lower at Rs 2,037, declining by 3.7 percent. Bajaj Finance reported Q2 net profit at Rs 920 crore against CNBCTV18 poll of Rs 840.4 crore. The NBFC's gross and net NPA in percentage terms came 10 basis points lower on QoQ basis, hwile standalone AUM grew at 24 percent to Rs 89,876 crore on YoY  basis. The net interest income also rose 39 percent on YoY basis to Rs 2,665 crore.

Indian shares traded near the day's low, extending losses, dragged lower by IT and energy stocks. The Nifty traded below 10,150, at 10,127, falling by 118 points, or 1.15 percent at 1.55 pm.  The Sensex declined by 338 points, or 0.99 percent, at 33,796. Broader markets posted sharper losses than frontline indexes with the Nifty MidCap and the BSE MidCap with each trading lower by 1.65 percent. Nifty Bank also traded 0.9 percent lower. All 43 sectors declined with maximum losses seen in Nifty Pharma which traded 2.88 percent lower. BSE Healthcare, Metal, Oil & Gas were other major drags. Among index gainers, Indiabulls Housing Finance, HDFC, Tata Motors, IndusInd Bank, Bharti Infratel, declined by up to 3 percent, while laggards were Asian Paints, UltraTech Cement, Wipro, Sun Pharma, Grasim, ONGC, ICICI Bank dipped by up to 5.91 percent.

Shares of Reliance Communications gained 4 percent after the Supreme Court allowed the beleagured telco to pay Rs 550 crore due to Ericsson by December 15. The apex court said Reliance Communications has to pay 12 percent interest on dues to Ericsson from September 30 onward. Earlier, the company had agreed to pay Rs 550 crore to Ericsson by September 30. Shares of the company were marginally up by 0.46 percent at Rs 10.95.

Shares of Housing Development Finance Corp. Ltd traded higher at Rs 17,01.90, rising by 2.63 percent, and snapping its three-day losing streak. The stock opened at Rs 1,645 and touched an intra-day high of Rs 1,708, gaining by 2.7 percent. As many as 15,61,332 shares traded on the NSE. 

The Sensex traded lower by 0.52 percent, or down  by 176 points, to 33,958, while the Nifty50 was below 10,200 levels, trading at 10,179, slipping by 0.64 percent, or 66 points at 11.40 am. Broader markets also declined with the Nifty MidCap trading lower by 0.75 percent. The BSE MidCap index also slipped by 0.80 percent. Among sectoral indexes, only 5 sectors advanced against 38 declining. Among declining sectors, BSE Oil & Gas fell the most by 2.01 percent, while BSE IT, Nifty Pharma, Nifty IT and BSE Teck were other major losers falling by up to 1.6 percent. BSE Realty was leading the pack of 5 gainining sectors, rising by 0.45 percent, while BSE Consumer Durables and BSE Finance gained modestly. Among top gainers, Indiabulls Housing Finance rose nearly 5 percent, HDFC more than 2 percent and Tata Motors by 1.76 percent. Coal India, Yes Bank and IndusInd Bank were also up by 1.42 percent. Shares of Asian Paints slipped to 7-month low after reporting weak earnings for July-September quarter. Other laggards were Wipro which fell 4.35 percent, Sun Pharma down by 2.6 percent, BPCL, Infosys and ONGC slipped by up to 2.58 percent. 

Shares of Trident gained 3.91 percent, trading at Rs 65.15 at 11.32 am on the NSE, after three days of consecutive fall. It touched an intra-day high of Rs 66, rising 4.35 percent. Shares rose after the company's promoter bought additional 15.7 lakh shares via open market on October 22. 

Shares of ITD Cementation India snapped their three-day losing streak and rose 2 percent after the company got orders worth Rs 10.7 billion. The company bagged orders from Airports Authority of India, Vizhinjam Port, Visakhapatnam Port, Mumbai Metro and Rail Vikas Nigam. The orders were for various construction and capacity-addition work. At 11.16 am, shares of the company were up 1.4 percent at Rs 112.20. Meanwhile, benchmark indexes were off from the day's lows, but still traded weaker. The Nifty dipped 47 points, or 0.46 percent, to trade at 10,198. The Sensex also traded weak, declining 0.35 percent, or by 119 points, to trade at 34,043. 

Shares of Bharat Heavy Electricals were trading 2 percent higher at Rs 75.40 after the company said its board will consider a share buyback on Thursday. The stock rose today despite weakness in the broader market. The share has fallen nearly 19 percent so far in 2018. BHEL will also consider Jul-Sep earnings along with the buyback on Thursday. Shares of BHEL were trading up 1.96 percent at Rs 75.40.

The BSE Sensex traded at 33,961, down by 173 points, or 0.51 percent at 10.10 am, while the Nifty inched towards the 10,200 levels, trading at 10,192.10, lower by 53 points, or 0.52 percent. Broader markets also showed signs of recovery with the Nifty MidCap marginally down by 0.22 percent, while the BSE MidCap slipping by 0.36 percent. Nifty Bank traded lower by 0.24 percent, but traded above the 25,000 mark.

Shares of Asian Paints fell more than 6 percent to hit an over-six-month low of Rs 1,126.55 due to disappointing July-September earnings and worries over future profit growth. At 9.30 am, shares of Asian Paints were down 5.2 percent at Rs 1,138, while Berger Paints India was down 5.3 percent at Rs 265 and Kansai Nerolac Paints was down 6.4 percent at Rs 362. (Cogencis)

Indian shares opened lower on Tuesday, tracking weak global cues. The Sensex started 234 points lower, or 0.69 percent, at 33,899.80, while the Nifty started at 10,158, down by 87 points, or 0.85 percent. The Nifty Bank dipped nearly a percent, trading at 24,835, while the Nifty MidCap slipped a percent. Asian Paints, IOC, Indiabulls Housing Finance, HPCL and BPCL were among top index losers, declining by 4.92 percent. Asian Paints fell nearly 5 percent after a disappointing earnings in July-September quarter. IndusInd Bank lead among index gainers, jumping 1.7 percent, while shares of Adani Ports, Coal India, Tech Mahindra and Gail rose by up to 1.11 percent. 

The Indian rupee opened lower at 73.70 against the US dollar. On Monday, the home currency closed at 73.55 against the greenback. Meanwhile, benchmark indexes look set for a weak start tracking tepid Asian cues. The BSE Sensex settled at 33,936, down 198 points, or 0.6 percent in pre-open, while the NSE Nifty50 started a tad above 10,150 level, at 10,152, declining by 93 points, or 0.90 percent. Asian Paints shares plunged 5 percent in pre-open after July-September earnings came below estimates.

IDFC Securities on GSK Pharma:
Despite likely turnaround, rich valuations and limited triggers would cap upside. 
Reiterates UNDERPERFORM, target at Rs 1,185/share.
Maintain FY19/20 earnings estimates.

Macquarie on Jubilant Life:
Even as LSI is recovering, pharma business continues to deliver.
Pharma contribution to EBITDA at 81 percent in Q2FY19 vs 65 percent in Q2FY18.
Remain bullish on the stock; it’s top midcap pharma pick. 
Maintain outperform, target cut to Rs 1,038 from Rs 1,192/share.
Stock is trading at attractive FY20 PER Of 10x.

IDFC Securities on Hindustan Zinc:
UNDERPERFORM rating, target cut to Rs 243 from Rs 256/share.
H2FY19 EBITDA is expected to be up 30 percent from H1FY19.

Deutsche Bank on Hindalco:
Reiterates BUY, target raised to Rs 295 from Rs 280/share.
Record deficit to underpin aluminium price strength.
Raise FY19/20 earnings estimate by 9/12 percent. 
For every Rs fall vs $, company’s EPS rises by 4.5 percent. 

Macquarie on Hindustan Zinc:
Higher cost guidance to weigh on earnings.
Commodity prices to remain unfavourable.
Reiterates UNDERPERFORM, target at Rs 253/share.

Credit Suisse on Hindustan Zinc:
Maintains NEUTRAL, target at Rs 295/share.
High interim dividend reflects reinvestment challenges.
FY19/20e EPS falls 14 percent/8 percent.
Do not assume any further dividend payouts this year.
Problem of excess cash and challenge to find avenues for reinvestment caps upside.
FY19 volume guidance looks steep, remain cautious.

HSBC on Inox Leisure:
Reported lower box office revenue growth vs the industry.
Other revenue streams continued growth momentum.
Screen addition was also healthy.
Maintains BUY call with a target of Rs 335/share. 
Cut FY19 earnings estimates on the back of lower footfalls.

Macquarie on IndusInd Bank:
Maintains OUTPERFORM, target at Rs 1,975/share.
Bank has strong loan growth and earnings power.
Bank can easily manage some of the recent issues well 
Track record of managing asset quality has been good
It does not expect any large divergences in RBI audit and this is encouraging.
ROAs & ROEs will get a fillip after the acquisition and integration of Bharat Fin.

Axis Cap on Hindustan Zinc:
Downgrades to HOLD from Buy, target cut to Rs 301 from Rs 309/share.
Increase EPS estimate for FY19/20 to Rs 24/25. 
Expect multiples compression across sectors going ahead.
Cost of production for zinc remains high.

Bharti Airtel: The telco launches Google Assistant based Digital Customer Care to help customers resolve their account related queries.

Syndicate Bank: The lender has received capital infusion of Rs 728 crore from the government in lieu of preferential allotment of shares.

IL&FS: The new board of debt-laden Infrastructure Leasing and Financial Services (IL&FS) will come up with a revival plan for the lender that could include selling stakes in some of its businesses, Reuters reported.

Asian Paints: The company on Monday posted a 14.4 percent fall in second quarter profit, which missed analysts' estimates, hurt by higher expenses. Net profit fell to Rs 493 crore ($67.02 million) in September quarter from Rs 576 crore a year earlier.

SpiceJet: Ratings agency Crisil has downgraded its ratings on the bank facilities citing mounting pressures on cost structure and a limited ability to pass it on consumers due to cutthroat price wars. It has downgraded the facilities to 'CRISIL BB-/Negative/CRISIL A4' from 'CRISIL BBB/Stable/CRISIL A3+'.

Check more Hot Stocks for today.

Macquarie on Asian Paints:
NEUTRAL call, target at Rs 1,300/share.
Decoratives volume growth continues in double digits.
Margin pressure evident in Q2.
Recent price hikes to alleviate some pressure.

Deutsche Bank on Asian Paints:
BUY call, target at Rs 1,600/share.
Expect convergence of multiple tailwinds to drive industry recovery.
Forecast a sustainable medium-term recovery in paint demand.
Model earnings CAGR of 21 percent over FY19-21.

IDFC Securities on Kansai Nerolac:
Reported disappointing Q2; volume growth and margin below estimates.
Volume growth outlook in India business could face near-term slowdown.
Gross margin is near to bottoming out. 
Expect margin trajectory to gradually improve.
Factoring in 16 percent revenue CAGR and 110 bps improvement in margin for FY19-21.
See earnings CAGR of 18 percent over FY19-21.
Maintains OUTPERFORM, target cut to Rs 467 from Rs 548/share.

CLSA on Kansai Nerolac:
Downgrades to UNDERPERFORM from Outperform, target price cut to Rs 400 from Rs 550/share.
Net earnings declined YoY for a third quarter in a row.
Outlook upbeat on decorative but there is concern for industrial, including auto.
Pace of the input price increase is a concern, including Rupee depreciation.
Product price hikes in decorative should help to some extent. 
More price hikes may be required in industrial.
Cut FY19-21 EPS estimate by 13-17 percent.

Deutsche Bank on Kansai Nerolac:
BUY call, target cut to Rs 525 from Rs 575/share.
Reported weak results on all counts.
Cut earnings by 8.5 percent for FY19-21.
Expect volume growth momentum in decorative to sustain in H2.
Model earnings CAGR of 18 percent over FY19-21.

Morgan Stanley on Asian Paints:
Silver lining for the quarter is the double-digit volume growth. 
Implied adverse mix impact on domestic revenue is 4.5 percent.
Higher depreciation costs drove the 14 percent adjusted PAT decline.
International market affected by non-availability of forex and challenging economic environment.

Dewan Housing Finance Corporation: Jasmine Capital Investments Pte Ltd sold 71,19,283 shares of the company at Rs 197.77 per share.

Hathway Cable & Datacom: Rajasthan Global Securities bought 55,68,623 shares of the company at Rs 29.27 per share while Ashish Dhawan sold 80,58,738 shares at Rs 29.04 per share.