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Sensex recovered most of its losses to close marginally down in a volatile session on Tuesday even as private lender IndusInd Bank slumped 27 per cent and global markets declined on US recession worries.Stocks that were in focus include names like IndusInd Bank, which fell 27% and PC Jewellers, which gained 0.8% and Mold-Tek, whose shares gained 0.2% on Tuesday.Here's what Viral Chheda, Sr Analyst at SSJ Finance and Securities, recommends investors should do with these stocks when the market resumes trading today.IndusInd BankAfter moving in the range of 926-1100 for the past 4 months, price has witnessed a steep correction to trade a four years low of 667 odd levels. In the current week stock has given a correction of almost 30% from its previous week closing level. Stock looks weak and we can see further dip till 600-550 odd levels.As the stock is facing more selling pressure we would recommend staying away from it and if anyone has bought at a higher rate, would suggest to exit at every bounce in price.The Stochastics Oscillator is moving in the downward trend along with an increase in volume indicating further downside from here. Hence we would recommend to exit and stay away from buying.PC JewellersFrom the 52 week high level of 19.30 made in Dec 2024, stock has witnessed a Bear Run to make the low of 10.30 odd levels. Price has given almost 47% downside move from its higher level of 19.30 odd levels as bears were having upper hand over price. Price is currently moving in the Downward Moving Channel and given some pull back after taking support from the trend line.Price is currently moving above its 20 DMA and 200 DMA which is a good sign for some upside move. It can face some resistance around 15 and once this level is taken out we can see further upside till 18-20 odd levels. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside move with limited downside risk.Hence one can buy at current level and more at dips of 11.50 with stop loss of 10 on weekly closing basis and upside can be seen till 16-19 in the coming 10-12 months.Mold Teck PackagingAfter making double top around 1100 in July 2023 price has given a sharp correction to make the low of 422 odd levels. Price has given almost 62% downside move from its higher level of 1100 odd levels.Price is currently trading at its 3 years lower level and has made a Lower Top Lower Bottom Pattern. At the lower level stock is currently taking support of previous lows of 430 and can witness some pull back from here. Moving below 430 can take the stock to further down till 400-370 odd levels.Moving above the 520-550 range, we can see further upside till 650-750 odd levels. For the Long term stock looks good and can be bought at every dips. The Stochastics Oscillator is moving in an upward trend along with an increase in volume indicating further upside from here.Hence one can buy at current level and more at dips of 435 with stop loss of 425 on weekly closing basis and upside can be seen till 550-650 in the coming 6-8 months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

US Vice President JD Vance will travel to India later this month, joined by Second Lady Usha Vance. According to a Politico report citing three sources familiar with the plans, "Vice President JD Vance will travel to India later this month alongside Second Lady Usha Vance."This will be Vance’s second foreign visit since assuming office. His first trip took him to France and Germany, where he made his global debut as vice president. While the upcoming trip is another step in his diplomatic engagements, for Usha Vance, it holds personal significance—it will be her first visit to India as Second Lady. Her parents emigrated from India to the United States, making this trip a homecoming of sorts.A Fiery Start on the World StageVance’s first international trip was anything but quiet. At the Munich Security Conference, he delivered a speech that took many by surprise. Instead of focusing on the Russia-Ukraine war, as many expected, he took aim at European governments, criticising their handling of illegal migration, neglect of religious freedoms, and even their approach to elections. His remarks left US allies unsettled, with many hoping for a more conciliatory tone from Washington.India Trip: Strengthening Ties Amid Global ShiftsThe upcoming visit to India signals continued US engagement with one of its most important strategic partners. While details of Vance’s itinerary remain unclear, the trip is expected to highlight cooperation on economic, security, and diplomatic issues.The US and India have deepened ties in recent years, particularly in defence and trade. As global dynamics shift, both nations continue to navigate shared interests, from regional security to technological collaboration. Vance’s visit will be closely watched, not only for its political significance but also for the personal connection that Usha Vance brings to the trip.

Mumbai: Shares of IndusInd Bank posted their biggest single-day fall on Tuesday, wiping out over a quarter of its market value, after the lender's disclosure of accounting discrepancies involving internal derivatives trades spooked investors. The unprecedented revelation triggered a spate of analyst downgrades as uncertainty over its impact on the lender's credibility added to existing woes over stress in its microfinance books and the central bank's decision to curtail the renewal of its CEO's tenure to one year, rather than the three years the board had sought. Shares of IndusInd fell 27% to close at ₹655 on Tuesday. The sell-off erased ₹19,000 crore of the bank's market capitalisation to ₹51,102 crore.The private bank on Monday said its net worth could take a 2.35% hit to the tune of roughly ₹1,600 crore as of December 31 on account of underestimation of foreign exchange hedging costs. Analysts said these were internal foreign exchange derivatives based on the bank's forex borrowings and deposits."While the monetary impact is relatively small in proportion to the bank's overall balance sheet, the bigger concern is the credibility risk," said Shrikant Chouhan, head of equity research, Kotak Securities.118910141 “Investor trust is crucial for a financial institution, and it may take several quarters to rebuild confidence.” Brokerage Jefferies said the transactions reflect “weak internal controls”. Other brokerages — Nuvama, Emkay Global and PL Capital — downgraded their ratings on the lender. “We believe IIB’s credibility and earnings shall be impacted,” said Nuvama’s analysts led by Mahrukh Adajania in a client note. “The timeline is discomforting--the CFO resigned just before the Q3 earnings, the CEO recently got a one-year extension instead of three and now a derivatives-induced dislocation.” The brokerage downgraded the stock to “reduce” and cut its target price to Rs 750. IndusInd shares had dropped nearly 4% on Monday after the Reserve Bank of India extended its chief executive Sumant Kathpalia’s tenure by one year as against three proposed by the board.CEO Kathpalia said on an analyst call Monday that RBI was aware of the discrepancies related to the derivative traded. “I don’t know the rationale behind them giving me a one-year extension,” he had said. “But I think it is uncomfortable with my leadership skills in running the bank, and we have to respect that.” Analysts said the slide in the stock price in the past year reflected lower investor confidence. The stock is down over 58% in the past year as against a 1.1% gain in the Bank Nifty “IndusInd Bank has faced similar challenges in the past and is currently valued at public sector bank multiples, largely due to these recurring issues,” said Apurva Sheth, head of research at Samco Securities. In the third quarter, the bank experienced higher slippages in the microfinance sector, Chouhan said. “While the actual financial impact of the derivatives issue is limited, the erosion of investor trust could weigh on the stock in the near term. Recovery will depend on the management’s ability to address governance concerns, improve asset quality, and sustain deposit growth.” Sheth said that while there may be a short-term rebound in the share price, he recommends that investors remain cautious and stay away from investing in this stock until there is further clarity from the management.