Equity markets recorded gains on Tuesday, with Nifty recovering following recent consolidation. Analysts anticipate continued momentum. India VIX decreased, reflecting lower market anxiety. Oil prices dropped amid rising U.S. crude inventories. The Indian rupee strengthened against the US dollar, supported by positive domestic equity markets and lower oil prices.

“We are seeing buying in the IT pack and HCL Tech is leading from the front. Traders can buy for a target of Rs 1890 in the next 2-4 weeks,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Stocks in news: The markets saw an uptick of almost half a percent on Tuesday, with Zomato, Cyient DLM, L&T, Petronet LNG, and NHPC grabbing attention. Notable activities included a major stake sale by Antfin Singapore Holding in Zomato, and equity transactions involving PNB Housing Finance and Cyient DLM. L&T got GST relief, while NHPC reported a landslide at Teesta-V.

The Nifty index saw a minor uptick of 126.20 points. HINDPETRO and TORNTPOWER are both approaching key breakout points, with technical indicators showing bullish signals. Investors might find these stocks attractive due to their potential for significant upward movement based on recent price actions and volume insights.

While they have been under pressure in the short term, the fact is that in the last three years, banks have made a comeback. So, there will be phases of correction once in a while but because the operation matrix has improved, there is a higher probability that the banks will deliver returns in the medium term. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

HCL Technologies Ltd neared a breakout from its February 2024 highs, creating prospects for reaching 1,900 levels. Despite initially losing momentum and revisiting its 50-week moving average, the IT stock found support above 1,200 in June and has since recovered significantly. Currently trading above key short- and long-term moving averages, it is nearing a breakout from its February 2024 highs, closing at Rs 1,678 on August 19, 2024.

Sebi has proposed reforms to streamline the process for Indian companies to raise funds via rights issues. Key changes include eliminating the draft offer letter, removing the merchant banker requirement, and reducing timelines.

A recent NSE circular has disallowed sharing brokerage income for referrals to prevent trade inducement. Zerodha said it would pay out all referral wallet balances over Rs 10 and stop the referral program from August 25.

Last month, the company entered into definitive agreements for acquisition of 55 per cent stake of GG Tronics through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration of Rs 319.38 crore.

On Tuesday, India's key benchmark index Sensex surged by around 378 points, ending at 80,803. During this rally, seven stocks within the BSE commodities index hit their highest prices in the past year. Reaching a 52-week high is notable as it represents the peak value a stock has achieved over the last 12 months, providing valuable information for traders and investors. This benchmark is essential for assessing a stock's current worth and predicting future price movements.

The Ola EV stock has seen a meteoric rise since its listing after the IPO. The stock was listed at an issue price of Rs 76 but has surged about 107% from the issue price in just seven trading sessions. This has pushed the market valuation to over 66,000 crore which is higher than Tesla's. In fact, on Aug 20th, the stock jumped another 8% to hit a new peak of Rs 157.53 on BSE intraday.

Domestic benchmark equity indices closed higher on Tuesday, led by financials and information technology stocks. The S&P BSE Sensex closed 0.47% higher at 80,802, while the NSE Nifty50 index ended just below the 24,700 level."The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24700 levels could open the next upside target of 25000-25100 in the near term. Immediate support is at 24500 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 3 stock recommendations for Wednesday:

General Atlantic plans to sell a 5.1% stake in PNB Housing Finance through the open market on Wednesday at a floor price of Rs 775 per share, intending to raise Rs 1,033 crore. This transaction is set at a 4.4% discount to Tuesday's closing price.

The committee of creditors (CoC) of SKS Power Generation, comprising the State Bank of India (SBI) and the Bank of Baroda (BoB), informed the National Company Law Appellate Tribunal (NCLAT) on Tuesday that the resolution plan submitted by Sarda Energy and Minerals (SEML) was approved with 100% voting.

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, four stocks witnessed a long unwinding. Here's the list:

The Ola EV stock has seen a meteoric rise since its listing after the IPO. The stock was listed at an issue price of Rs 76 but has surged about 107% from the issue price in just seven trading sessions. This has pushed the market valuation to over 66,000 crore which is higher than Tesla's. In fact, on Aug 20th, the stock jumped another 8% to hit a new peak of Rs 157.53 on BSE intraday.

The Dow Jones Industrial Average fell 22.0 points, or 0.05%, at the open to 40,874.52

Antfin Singapore Holding sold Zomato shares worth Rs 4,771 crore on Tuesday through two block deals. Over 18.54 crore shares were sold at a premium over the floor price. The final stock price closed at Rs 263.20 on the NSE.

The Indian market bounced back on Tuesday after a mixed close seen in the previous trading session. The S&P BSE Sensex rose nearly 400 points while the Nifty50 was up 126 points to close at 24,698.

Cyient's board authorised the sale of a 14.50% stake in its subsidiary, Cyient DLM Limited, via a block deal expected to complete by August 21. The company held a 66.66% stake in Cyient DLM.

The National Institute of Securities Markets and FPSB India introduced a Postgraduate Program in Financial Planning and capacity-building initiatives for the securities market's ecosystem. The MoU, signed between FPSB India and NISM officials, aims to enhance financial sector career opportunities.

According to Nagaraj Shetti of HDFC Securities, the Nifty's overall trend is still positive. If it can maintain a position above 24,700, we could see it reach 25,000-25,100 soon. The immediate support level is at 24,500.

PVR Inox’s stock has gained 5% in the past three trading sessions following the success of Stree 2 and on account of factors such as strong line-up of films in the coming months and timely expansion of capacity in the southern region.

GE T&D India's promoters, GE Grid Alliance B.V. and Grid Equipments Pvt. Ltd., announced a review of their shareholding structure, hinting at a possible minority stake sale but intending to retain majority control.

Short covering refers to the buying of shares to close an existing short position, signaling a shift from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw short covering. Here's the list:

Andhra Paper's board, which had announced a 1:5 stock split, has declared September 11 as the record date for the same. Shareholders holding shares on the record date will receive five shares for each one they currently hold.

The BEACON Fund is designed to offer investors a well-rounded portfolio, providing exposure to companies across the entire market spectrum - from established large-cap leaders to dynamic mid-cap and small-cap growth opportunities. This diversified strategy aims to capitalize on the diverse potential of the market.

To boost fundraising through rights issues, Sebi has proposed removing the need for Draft Letter of Offer (DLoF) and simplifying the Letter of Offer (LoF). Feedback was sought on reducing timelines and revising intermediary roles. Major funds were raised via Qualified Institutional Placements and preferential allotments in FY24, indicating a shift in capital-raising methods.

The domestic blue-chip indices closed higher on Tuesday, thanks to gains in financials and information technology stocks. The Sensex rose 378 points to 80,803, and the Nifty added 126 points to finish at 24,699. However, newly listed Ola Electric Mobility ended 5.7% lower due to profit booking. Investor focus now shifts to upcoming Fed announcements.

Indian Real Estate Investment Trusts (REITs) distributed more than Rs 1,371 crore among 2,45,000 unit holders in the first quarter of FY2025. Embassy Office Parks REIT was the largest distributor with Rs 530.8 crore. Collectively, since their inception five years ago, the four publicly listed REITs have disbursed over Rs 18,000 crore to unit holders.

The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector's outperformance.

Mahindra & Mahindra launched the Thar Roxx, aiming to broaden its market with an aspirational yet affordable off-roader. Analysts forecast up to a 38% rise in the stock value, despite its significant rally over the past year. The five-door model, starting at Rs 13-14 lakh, is expected to double the Thar portfolio volumes.

The Indian equity markets mirrored global gains on Tuesday, driven by optimism that the US Federal Reserve may begin cutting rates as early as September. This positive sentiment led to IT stocks rallying, and four Nifty50 stocks reached new 52-week highs during the trading session. Here's the list:

FPIs have turned to the primary market, investing $6.4 billion in Indian equities via IPOs and QIBs up to August 19, 2024, amid high secondary market valuations. They have been net buyers in the primary market for 11 consecutive months but net sellers in the secondary market during seven of the past twelve months.

Sapphire Foods saw a 4.4% rise in share prices after announcing a 1:5 stock split with September 5, 2024, as the record date. Each Rs 10 share will be divided into five Rs 2 shares to increase market liquidity and attract more retail investors. This is the company's first stock split.

Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders.

The NCDs have a fixed rate coupon of 7.81 per cent and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE), the filing said.

The post-election rally has left everyone surprised and analysts see little near-term upside in the Nifty from current levels because of elevated valuations and lack of positive catalysts.Domestic brokerage firm Emkay Global believes that they see very little chance of a meaningful correction as they remain constructive on the manufacturing/investment cycle and prefer playing it through durables (auto) and materials and believe that industrials and financials can be better played through select small and mid cap stocks.Below are the top small and mid cap picks from Emkay Global:

Brokerage firm Axis Securities is positive on selected banking, financial services and insurance (BFSI) stocks, forecasting potential gains of up to 27%. The firm's top stock picks include ICICI Bank, Federal Bank, SBI, Cholamandalam Investment & Finance, and Nippon Life India Asset Management. Here's a closer look:

New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment.

ETMarkets' recent mutual fund analysis highlights stocks held by only one scheme. As of July 2024, the initial analysis identified 141 such stocks. To refine our approach, we concentrated on stocks where the mutual fund's market value exceeded Rs 20 crore as of July and that experienced a share price increase of over 10% from the start of July up to the current date (approximately a month and a half). By applying these criteria, we identified 10 stocks that met these specific conditions. (Data Source: ACE Equity, ACE MF)

GRSE Share Price: Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders fell sharply after ICICI Securities predicted significant downside risks. The brokerage firm cited stock overvaluation and potential order execution challenges, influencing investor sentiment negatively.

Vedanta will receive nearly Rs 5,100 crore from the dividend declared by Hindustan Zinc. Last week, Hindustan Zinc attracted attention as Vedanta's OFS opened, leading to the offloading of a 1.5% stake and raising Rs 3,100 crore. As of the end of the June quarter, Vedanta owned 64.92% of HZL, with the government holding 29.54%.

Saraswati Saree Depot's shares rose 5% to Rs 209.95 on their debut day, following a strong IPO subscription of over 107 times. The company, known for its sarees business, reported revenue of Rs 610 crore in fiscal 2024. Investors are advised to hold shares for medium to long-term growth prospects.

Shares surge 16% in early trading, after a 20% jump in the previous session.

While it might not appear on the face of it because it is being masked by the market breadth and movement of indices, the fact is that some of the high flying stocks have corrected very sharply from their recent 52 week high. So, there is a correction going in the market. But even after the correction the fact is that the mid-cap segment is likely to outperform as money continues to get poured into mutual funds schemes. The only thing which an investor needs to do is to look at each stock carefully and check certain easily available information on the company and then just buy them for a slightly longer term time perspective.

Shares of KEI Industries and Polycab increased after UBS initiated a buy rating, forecasting substantial earnings growth due to favourable supply-demand dynamics in the electrification market. The segment is expected to reach $20 billion by FY30, with top companies increasing their market share and significant export revenue growth.

Modern family offices have evolved to manage complexities of large family structures and wealth. They provide governance, education, and support to next-generation leaders, blending traditional values with modern business practices. This ensures the legacy not only continues but also flourishes, promoting both new and existing ventures.

Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders fell sharply after ICICI Securities predicted significant downside risks. The brokerage firm cited stock overvaluation and potential order execution challenges, influencing investor sentiment negatively.

Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. Here's is a list of 10 counters from Nifty500 index where promoters' pledge went up in Q1 FY25, according to StockEdge data: