Share markets in India are presently trading marginally higher.

The BSE Sensex is trading up by 143 points, up 0.4%, at 39,871 levels.

Meanwhile, the NSE Nifty is trading up by 44 points.

Bharat Petroleum and Divi's Laboratories are among the top gainers today. HCL Technologies and UPL are among the top losers today.

The BSE Mid Cap index is trading up by 0.7%

The BSE Small-Cap index is trading up by 0.4%

On the sectoral front, stocks from the finance sector and banking sector are witnessing most of the buying interest.

On the other hand, stocks from the energy sector are witnessing most of the selling pressure.

US stock futures are trading lower today, indicating a negative opening for Wall Street indices.

Nasdaq Futures are trading down by 10 points (down 0.1%), while Dow Futures are trading down 27 points (down 0.1%).

Gold prices are trading down by 0.2% at Rs 50,611 per 10 grams.

The rupee is trading at 73.3 against the US$.

#1 Small-Cap Stock: Biggest Opportunity in the Indian FMCG Market

Speaking of the stock markets, India's #1 trader Vijay Bhambwani talks about what you should do after yesterday's stock market crash in his latest video for Fast Profits Daily. After all, it's not every day the Sensex falls more than 1,000 points.

In the video, Vijay shares what he thinks of this crash, what levels on the Nifty you should be looking at, and what is the best course of action now.

Moving on to stock-specific news...

Among the buzzing stocks, today is HCL Technologies Ltd.

According to exchange filings, IT sector company HCL Technologies has reported its Q2FY21 net profit at Rs 31.4 billion. The company's quarterly profit rose, surpassing estimates, as constraints led by the coronavirus pandemic eased.

Its revenue increased by 4.2% sequentially to Rs 186 billion. Its margin expanded to 21.6% from 20.5% in the quarter ended June. That is higher than its own estimate of 20.5-21%. The dollar revenue growth stood at 6.4% at US$ 2,507 million and the company posted constant currency revenue growth at 4.5%.

The company's operating cash flow (OCF) and free cash flow (FCF) stood at US$ 2,692 million and US$ 2,444 million, respectively for the last 12 months with OCF and FCF cash conversion ratios at 161% and 146%.

The company has also maintained its revenue guidance for the remaining two quarters of the financial year. It expects revenue to increase sequentially by an average 1.5-2.5% in constant currency in the third and fourth quarters. However, the company has raised its earnings before interest and taxes (EBIT) margin guidance to 20-21% from 19.5-20.5% forecast earlier.

The company's optimism stems from easing supply-side constraints aided by a healthy pipeline across service lines, verticals, and geographies. HCL Technologies signed 15 deals this quarter, led by key industry verticals, including life science, healthcare, public services, and manufacturing.

Note that shares of HCL Tech fell as much as 4% to Rs 825.3 apiece after the results were announced even though the company has reported a rise in its earnings and margins. The stock is down for the third straight day.

At the time of writing, HCL Technologies' share price was trading down by 3.8% on the NSE.

Lakshmi Vilas Bank Board Approves Rs 5 Billion Rights Issue

In news from the banking sector, the board of Lakshmi Vilas Bank (LVB) approved raising of up to Rs 5 billion through a rights issue of equity shares to existing shareholders.

In an exchange filing, LVB said that the terms of the rights issue would be decided by the board or a duly constituted committee at a later date.

The bank's board had earlier approved raising up to Rs 10 billion by issuing equity shares to eligible investors through one or more permitted modes including a further public offer, rights issue, and qualified institutions placement.

Note that the Chennai-based private sector bank has gross non-performing assets (NPA) of 25.4% as of June end, against 17.3% a year ago. The bank also reported a loss of Rs 1.1 billion in Q1FY21 and a decline of 20.4% year-on-year (YoY) of its total income to Rs 5.4 billion during the quarter.

Last week, the lender said it had received a non-binding offer from AION-backed non-banking finance company Clix group for a merger which would help the bank meet its regulatory capital requirement, while the Clix Group would get access to the bank's deposits.

How the rights issue pans out remains to be seen. Meanwhile, we will keep you updated on all the developments from this space.

Speaking of stocks, here's a pattern that if you see, you must sell your position. After all, exits are more important than entries.

In the chart below, we can see the head and shoulder pattern - the stock goes up, makes a high, falls a little bit, goes up to a higher high, does not make a higher low, rallies again fails to make a new high, and then starts to break down.

This usually happens in a situation where a stock or index has typically been in a bull trend for a while.

According to Apurva Sheth, senior Research Analyst at Equitymaster, spotting this pattern correctly can help you save money.