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The third quarter earnings season is underway and about 298 companies will announce their results on Tuesday. Key results to watch out for include Varun Beverages, Nykaa, Grasim, Eicher Motors, Apollo Hospitals and Patanjali Foods.Apart from the above, companies like Crisil, Nalco, Escorts Kubota, Gillette India, Bata India, Eureka Forbes, Saregama India, Avanti Feeds, Engineers India, Force Motors, PNC Infratech, ICRA, Indigo Paints and a few others will also declare their quarter results.Nykaa Q3 expectationsOmnichannel beauty and fashion retailer Nykaa is expected to substantially improve its earnings in the third quarter, both on a sequential and comparable prior year basis.Revenue from operations is seen rising 27% doubling year-on-year (YoY), according to an average estimate of four brokerages. The profit is likely to more than double from the previous year period.The fashion business GMV (gross merchandise value) growth is impacted by the weakness in premium-wear demand. BPC, however, should post strong performance, driven by customer acquisition and festive period tailwinds. The overall GMV growth for the company is estimated at 27%.Analysts would like to keep a close watch on management’s commentary around industry trends in BPC/fashion, competitive landscape, continued supply chain investments and international expansion plans.Grasim Q3 expectationsGrasim Industries is expected to report a 23-30% year-on-year rise in its December quarter revenue according to estimates by four brokerages. The topline is seen in the range of Rs 7,852 crore Rs 8,330 crore.The estimates have been given by Antique Stock Broking, Nuvama Institutional Equities, Kotak Institutional Equities and Motilal Oswal Financial Services (MOFSL).While Antique and Nuvama see a 23% YoY uptick in the company's topline, Kotak and MOFSL expect a 30% growth.While the Aditya Birla Group company is likely to see improvements in its VSF business, losses from new business of paints and B2B could hamper the overall margins of the company, this brokerage said in a preview note.Both Antique and Kotak expect Grasim to report losses in the reporting quarter while Nuvam pegs positive PAT, albeit with a YoY and QoQ fall.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Most technical charts indicate a bullish trend ahead, but a decisive breakout above 23,800 is needed for the Nifty to trigger a pullback rally towards 24,200, and then 24,500 in the short term, according to technical analysts. On the downside, the 23,400 zone remains a key support. Stocks with a bullish setup include Bharti Airtel, Chambal Fertilisers, Divi’s Lab, Glenmark Pharma, Hindalco, IndusInd Bank, FIEM Industries, SJS Enterprises, UltraTech Cement, Navin Fluorine, and Blue Star, which are expected to outperform, analysts said.CHANDAN TAPARIA HEAD – TECHNICAL & DERIVATIVES, MOTILAL OSWAL FINANCIAL SERVICESWhere is the Nifty headed? On the weekly chart, a bullish candle formation has emerged, while on the monthly scale a Doji-like candle with a long lower shadow indicates buying interest at support levels after a period of profi t booking over the past four months. Index has formed a bullish divergence on the daily scale as prices made lower lows at 23,047 and 22,786 while RSI formed higher lows, which gave a short-term bottom-out approach with a sign of reversal. Index has been consolidating between 23,400 and 23,800 zones from the last four trading sessions with a hurdle near the 50-day exponential moving average, and now requires a hold of 23,333 zones with follow-up action to commence the next leg of rally towards 24,120 levels. What should investors do? The broader market may experience range-bound trading. Sector-wise positive on metal, auto, and pharma; while FMCG and energy are likely to see capped upside with stock-specifi c action. Bullish setups in Bharti Airtel, Chambal Fertilisers, Divi’s Lab, Glenmark Pharma, Hindalco, IndusInd Bank, JK Cement, JSW Steel, Kotak Bank, Lauras Labs, Lupin, Maruti, MGL, Tata Steel and UltraTech; while weakness is seen in Bharat Forge, Bosch, Colgate Palmolive and Page Industries. 118100936ARPAN SHAH SENIOR RESEARCH ANALYST, MONARCH NETWORTH CAPITAWhere is the Nifty headed? The benchmark index traded volatile and closed with a bullish candlestick formation on the weekly chart. Nifty has a minor hurdle at 23,800, and a breakout above this level will trigger a short covering rally in the market towards the 24,250 level. The banking index has outperformed the benchmark index in the last two weeks and will continue this outperformance in the coming week. A breakout above 50,500 will trigger a rally towards 51,800. What should investors do? Private banks, like IndusInd and ICICI, are likely to outperform. The Nifty Metal index is likely to provide a strong upside in the coming days. Vedanta, Hindalco, and JSW Steel are the top picks. The auto sector could be a big beneficiary of government’s consumption push and recent RBI rate cut. M&M and Eicher Motors are strongest in the pack, and both can be added on dips. Auto ancillary FIEM Industries and SJS should be added at the current levels. In realty, Lodha and DLF can witness a short covering rally towards the expiry. Kalyan Jewellers, Trent, Solar Industries, and Tata Motors are trading with negative bias and any rally is a shortselling opportunity.SUDEEP SHAH HEAD - TECHNICAL & DERIVATIVE RESEARCH DESK, SBI SECURITIESWhere is the Nifty headed? A decisive breakout above 23,850 could open the gates for a pullback rally towards 24,200, followed by 24,500 in the short term. However, failure to surpass this level may lead to consolidation or a minor dip. A breach below 23,400 could drag the index towards the next crucial support at 23,050–23,000. We feel having a stock-specifi c approach is the only way one would be able to navigate the current market volatility. What should investors do? The current consolidation phase presents a strong opportunity for long-term investors to accumulate quality stocks at attractive prices. We recommend traders focus on auto, pharma, and fi nancials, which we expect to show relative resilience. Largecaps like Bajaj Fin, M&M, Divis, Infosys, Bharti Airtel, UltraTech, and Eicher Motors can be considered on dips; while select midcap stocks such as Navin Fluorine, Bluestar and KFin Tech are expected to outperform.

India has taken a firm resolve to manufacture fifth generation fighter aircraft within the country, defence minister Rajnath Singh said on Sunday, a day before the flagship AeroIndia show that will see the rare presence of two operational 5th gen fighter aircraft - the F35 from US and Su57 from Russia."Advanced platforms like LCA Tejas, LCH Prachand, and C295 are now being produced in India. Additionally, we have taken a firm resolve to manufacture 5th generation fighter aircraft within the country. These achievements, which once seemed unimaginable, are now turning into reality," Singh said at a curtain raiser for the air show.He added that domestic defence production that has surpassed ₹1.27 lakh crore in the current financial year is expected to cross ₹1.6 lakh crore by next year, with exports zooming to ₹30,000 crore. While domestic production has boomed, key projects like the fifth generation advanced medium combat aircraft are in the development stage, with a large expected participation of the private sector."We have worked to empower the private sector in the defence and aerospace industries. We have achieved unprecedented success. Today, India has a thriving private defence industry that has firmly established itself and is making significant contributions to our national security," he said.AEROINDIA showstoppersThe showstoppers for this year's Aero India show are two fifth generation fighter aircraft from the US and Russia -- F35 and Su57. The event this year features participation from over 900 exhibitors, including 150 foreign exhibitors. It will also see representatives from more than 80 countries, out of which 30 nations are sending either their defence minister or a representative. A day before the show, Air Chief Marshal AP Singh and Army chief Gen Upendra Dwivedi flew a sortie on the indigenous Light Combat Aircraft, in a show of support to the domestic manufacturing ecosystem.