U.S. producer prices increased more than expected in April as the cost of services and goods rose sharply, leading traders to pare back bets of a first rate cut in September.

Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.

Sixteen domestic mutual funds, including Kotak and LIC, supported ICICI Bank's proposal to delist ICICI Securities, despite concerns raised by some shareholders. This led to a class-action lawsuit by retail investors and support from ICICI Prudential Mutual Fund.

Domestic markets recover with India's CPI inflation and Asian markets. Nifty signals positive start in range-bound trading. India VIX measures market fear. Tech-led rally in US affects Federal Reserve. Dollar near low, oil prices rise. Nasdaq hits record high. Certain stocks in F&O ban. FII/DII actions impact Rupee. FII net short increases. Q4 results announcements upcoming.

Adani group companies surged as traders bet on them amid easing BJP election uncertainty. Sensex and Nifty also gained in a market rally. Energy and commodity stocks influenced Adani shares' uptrend, supported by the infra boost from the current government. Adani, as India's largest player, is set to benefit across sectors like renewables, power, and transportation.

“The RSI oscillator on the daily, as well as the weekly time frame charts, are indicating a positive momentum for Britannia Industries. Traders can buy for a target of Rs 5500 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Britannia stock hit a record high of Rs 5,386 on December 29, 2023, but the momentum fizzled out and the stock had declined since then. It bottomed out in April 2024 after hitting a low of 4,643. From there it charted a course of steady recovery and crossed 5,000 levels in May.

Sticky inflation and persistent labour market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September, from March seen at the start of the year.

Hero MotoCorp’s market cap stood at Rs 100,803.27 crore at the close on the BSE on Tuesday, just behind TVS Motor Company, which had a market cap of Rs 101,390.72 crore. Investors have been upbeat on the stock on the back of the company’s focus on premium and electric vehicle segments.

Promoters of drugmaker Cipla are expected to offload 2.53% of their stake in a block deal worth Rs 2637 crore on Wednesday, according to sources.

Benchmark Sensex climbed 328 points while Nifty closed above the 22,200 level on Tuesday as stock markets continued the winning march for the third straight day on the back of gains in index major Reliance Industries and positive inflation data. As many as 20 Sensex stocks ended with gains while 10 declined.The broader Nifty of NSE rose by 113.80 points, or 0.51% to settle at 22,217.85 with 36 of its constituents ending in the green and 14 in the red."On the daily charts we can observe that the Nifty has witnessed follow-through buying interest from the previous trading session, which is a bullish sign. The up move is likely to continue till 22,308 – 22,423 which is the 50% and 61.82% Fibonacci retracement level of the previous fall. On the downside, 22,040 – 22,000 is a crucial support from a short term perspective," said Jatin Gedia of Sharekhan.Here are 4 stock recommendations for Wednesday:

The Federal Reserve Chair does not expect the central bank's next move on interest rates would be an increase. More likely it means that rates would remain where they are, in a range of 5.25% to 5.50%, for longer than previously expected.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:

The Finance Minister called on NSE, BSE and Sebi to brainstorm together and chalk out robust compliances and regulatory standards to protect investors' interests. BSE and NSE were asked to mitigate systemic risk and ensure market stability. Sithraman said this in at a BSE event in Mumbai.

The Dow Jones Industrial Average rose 35.25 points, or 0.09%, at the open to 39,466.76.

Trading in GameStop was halted multiple times within minutes of market open due to volatility as the stock hit its highest level since June 2021. The stocks were set to extend gains from the previous session after Gill shared a meme and more than 10 clips from movies, including "X-Men Origins: Wolverine", "The Avengers" and 1993 Western "Tombstone"

The price range of the block is fixed at Rs 1,289-1,357, taking the total deal value to around Rs 2,637 crore.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:

Telecom, power, utilities and infra indices saw considerable buying on Tuesday, while healthcare and FMCG stocks saw selling pressure. Finolex Industries and Hindustan Aeronautics hit fresh record highs

Around nine open-ended mutual fund NFOs were floated in the market in April, which together collected Rs 1,532 crore, according to the monthly data released by Amfi. Here is the break up.

Nifty rose 114 points and formed a bullish candle on the daily chart on Tuesday. The index may now find support at 21,950-22,000 and 21,700-800 levels. But, a failure to maintain levels above 22,200 might trigger selling pressure in the market.

As per the scheme of arrangement, shareholders will get one share of Siemens Energy for every one share they hold of Siemens.

Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.

Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.

The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).

Apar Industries recorded a fresh 52-week high on Tuesday apparently propelled by its Q4 revenue growth of 9% YoY. Its PAT, however, declined 3% YoY. The stock has zoomed 208% in the last one year.

​​But it is times like this when an event is about to take place and narratives are floating in the market that one ends up making the wrong decision. So, one will have to do two things, one be bullish but be more selective and focus on managing risks.

"Roaring Kitty", the social media persona of Keith Gill, credited with setting off the so-called Reddit rally in January 2021 with his bullish calls on GameStop, posted on social media platform X, formerly Twitter, after nearly three years.

Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.

Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.

Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.

One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.

In April 2024, mutual funds (MFs) maintained a positive outlook on Indian equities, evident from their net investments totalling approximately Rs 32,823 crore. ETMarkets' MF analysis shows that 14 stocks were added in the portfolios of over 15 MF schemes in April 2024, as compared to March 2024. Among these 8 stocks have delivered share price returns of 25-65% in CY24 thus far. (Data Source: ACE MF | ACE Equity)

Saurabh Mukherjea-run Marcellus' smallcap fund Little Champs bounced back and earned a return of more than 10%, while Sunil Singhania's Abakkus-run Emerging Opportunities fund reported a 9.57% gain and Samir Arora's Helios India Rising fund saw a 5.51% gain.

Zydus Wellness shares surged 3.8% on BSE, reaching a new 52-week high at Rs 1,750.20 following a 4% YoY rise in Q4 FY24 profit after tax to Rs 150.3 crore. The board announced a dividend of Rs 5 per share, with the record date set for July 19.

Indian shares advanced on Tuesday, led by a rise in metal stocks and Shriram Finance on plans to sell its housing finance unit, but gains were capped due to a drop in IT stocks ahead of US inflation data. Meanwhile, in today's trading session, 5 largecaps from the Nifty200 index hit fresh 52-week highs. Here's the list:

Taking profits off the table and reducing exposure in markets is crucial to manage risk and secure gains. Monitoring key data points reveals underlying weakness, emphasizing the importance of balancing risk and reward in current market conditions.

High Networth Individuals (HNIs) individuals held shares worth Rs 7.61 lakh crore in Indian companies as on March 31, 2024. The HNI share in companies listed on NSE saw a decline to 2% as on March 31, 2024 from 2.06% as on December 31, 2023, states a report by Prime Infobase. Here’s a list of top 10 companies, compiled by Prime Infobase where HNIs offloaded maximum number of shares by value:

SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.

Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.

Global brokerage Nuvama listed 12 stocks on which it has a high conviction of getting included in the MSCI Global Standard Index while Paytm, Berger Paints, and IGL have a high probability of getting excluded.The report calculates an estimate of inflows in the high conviction stocks through passive funds, while the actual announcement of these inclusions will be made on May 15 (3:30 am IST), the final adjustments will be made on May 30.

The last major poll had estimated that the ruling Bharatiya Janata Party (BJP) party would win 342 seats, comfortably above the 272 majority required to return to power.

The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by the Federal Reserve in the second half, while 78% say a recession is unlikely over the next 12 months.

Shares of Shriram Finance surged 5% to Rs 2,419 on Tuesday following the approval from its board to sell its housing finance unit, Shriram Housing Finance (SHFL), to US private equity firm Warburg Pincus for Rs 4,630 crore. Shriram Finance, which holds a controlling stake in SHFL, and Valiant Partners L.P.

The cost of “doing nothing” in markets can indeed be substantial, but that pales in comparison to the cost of complacency when the margin of safety erodes. And when a large section of the market participants adapt to surviving in a low margin of safety environment, wild swings when least expected become the norm.

Shares of Cochin Shipyard experienced a notable surge of 10% on Tuesday, reaching a high of Rs 1,310.60 on the Bombay Stock Exchange (BSE). This surge followed the company's announcement of a significant order win to the exchanges on Monday.

MSCI's reshuffle on May 15 may eject Paytm from the MSCI Global Standard index, potentially attracting $2 billion from passive funds. Nuvama estimates 12 stocks to join, with inflows ranging from $144 million to $224 million each.

Rail Vikas Nigam Limited (RVNL) witnessed a significant surge of over 6% to Rs 272 in Tuesday's trading on the Bombay Stock Exchange (BSE) following the announcement of receiving a letter of acceptance for an order worth Rs 239 crore from Southern Railway.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Tuesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Tuesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list: