On Wednesday, India’s benchmark equity index Sensex climbed 286 points to close at 81,741. Amid this rise, 10 stocks from the BSE financial services index reached their highest prices in the past year. Achieving a 52-week high mark is significant as it reflects the highest value a stock has attained over the last year, serving as a crucial indicator for traders and investors. This metric helps evaluate a stock's present value and forecast potential future price trends.

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 Wednesday's trading session, five stocks witnessed a long unwinding. Here's the list:

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

Indian equity indices ended at a record closing high on Wednesday, led by Bharti Airtel, ITC and metal stocks. The S&P BSE Sensex closed 0.35% higher at 81,741, while the NSE Nifty50 index ended above the 24,950 level."Nifty is currently on the way to form another higher top of the pattern. Though placed at the highs, still there is no signs of any reversal pattern building at the new highs. However, a decisive move above 25100 levels could open sharp upside ahead. Immediate support is at 24750 levels," said Nagaraj Shetti of HDFC Securities.Here are 5 stock recommendations for Thursday:

The Nasdaq and S&P 500 opened significantly higher following a positive forecast from AMD that boosted struggling chip stocks. However, Microsoft lagged among the major tech giants as investors awaited the Federal Reserve's interest rate decision.

Indian markets closed in the green for the fourth consecutive day in a row on Wednesday tracking positive global cues.The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 24,950 levels.

The Nifty's daily chart maintains an upward trajectory, forming a pattern of higher highs and lows. While the index is currently approaching another potential high, no reversal patterns are evident yet. A significant move beyond 25,100 could trigger a substantial upward rally. Immediate support is expected at 24,750, according to HDFC Securities' Nagaraj Shetti.

US Fed Meeting Today: A smaller-than-anticipated decline in the US consumer price index, which dropped by 0.1% in June contrary to Dow Jones estimates of a 0.1% increase, along with an annual inflation rate of 3% compared to the projected 3.1%, may impact the Federal Reserve's decision-making process.

Axis Securities said that it is confident that Zomato's growth in the sector is backed by steady profitability improvements and significant loss reductions in the Hyper pure and quick commerce domains.

The board of directors of Navratna PSU RITES today approved a bonus issue in the ratio of 1:1 along with the first interim dividend of Rs 2.50 per share for FY25 for its eligible shareholders while declaring its June quarter results.

Indian benchmark equity indices rose for the fourth straight session on Wednesday, driven by gains in IT stocks as investors awaited the Federal Reserve's policy decision. Contributions from Maruti Suzuki, Bharti Airtel, and ITC further fueled the upward momentum.

Indian benchmark equity indices rose for the fourth straight session on Wednesday, driven by gains in IT stocks as investors awaited the Federal Reserve's policy decision. Contributions from Maruti Suzuki, Bharti Airtel, and ITC further fueled the upward momentum.

Analysts expect JLR volumes (excluding China JV) to increase by 9% YoY led by strong growth in Range Rover, Range Rover Sport and Defender model volumes. Overall, revenues (ex China JV) to increase by 6% YoY in 1QFY25.

There are sectors which under perform for years and then they come back to focus. If one looks at the last three years, the list of such sectors has been growing at a faster pace as they make a comeback. Be it power, real estate or even to some extent pharmaceutical. But there is one sector which has made a comeback of sorts, however there is much more scope for improvement in it. This improvement would not only be important from the perspective of the stock market but from the real economy and job creation. But the fact is that it is not easy to have sustained turn around because of one simple reason, the operating matrix is not only local but global. Probably it is the biggest challenge for the government to help in sustainable turnaround and biggest opportunity for risk takers because a sustainable turnaround always gives birth to multibagger.

Considering the above, analysts at ICICI Securities believe that given Awfis’ superior RoCE profile which is likely to consistently range over 20% FY26E onwards and net cash balance sheet combined with an estimated 48% EBITDA CAGR over FY24-27E, an EV/EBITDA of multiple of 25x is justified in line with hotel peers.

Indus Towers has set August 9 as the record date for its buyback, which represents 9.9971% and 9.9668% of its fully paid-up equity share capital and free reserves as of June 30, 2024. The company reported a 43% YoY increase in net profit to Rs 1,926 crore for Q1, fueled by Bharti Airtel’s 5G expansion and past dues collection from Vodafone Idea.

When both foreign institutional investors (FIIs) and mutual funds (MFs) show interest in a particular stock, it often boosts investor confidence, given the extensive research these institutions typically perform before making investments. According to an ETMarkets analysis, nine stocks saw consistent increases in the holdings of FIIs and MFs for four consecutive quarters, from September 2023 to June 2024, with focus on stocks with a market capitalisation over Rs 1,000 crore. Notably, three of these nine stocks experienced a share price growth of over 100% in the past 1-year. However, it’s important to remember that past performance is not a guarantee of future results. (Data Source: ACE Equity)

Ahead of the US Fed meeting outcome tonight, the Sensex opened Wednesday's session around 150 points higher, while the Nifty crossed the 24,900 mark. Reflecting the positive sentiment in the benchmark indices, four stocks from the Nifty50 index reached new 52-week highs during today's trading session. Here's the list:

The MSCI India Index extended its valuation gap over the Asian measure to more than 10 percentage points. The 146-member gauge is trading at 24 times its one-year forward earnings, according to data compiled by Bloomberg.

Gautam Adani’s power transmission unit has seen bids exceeding three times the planned amount for its share sale, indicating robust investor interest. Adani Energy Solutions Ltd.’s $1 billion share sale via qualified institutional placement (QIP) has been oversubscribed by both Indian and international institutions, according to sources familiar with the matter.

Investec had previously set a target price of Rs 3,000 for the broking platform and has retained its ‘buy’ rating on the stock. The global brokerage firm notes that the overall impact of SEBI's guidelines is challenging to assess due to various factors. However, in a worst-case scenario, there is a possibility of a 50% reduction in derivatives orders per contract for Angel One.

Brokerage firm DAM Capital gave Hindalco a 'Buy' rating, targeting a price of Rs 905. The firm highlighted Hindalco's strong aluminium and copper operations, projecting robust demand, especially from China. Hindalco plans to invest heavily in new facilities in North America and India, with a significant portion allocated to Novelis for capacity expansion.

Omaxe's shares fell 5% following a Sebi order barring the company and its executives from the securities market for two years due to financial irregularities. Sebi also fined 16 entities for manipulating financial statements between 2018 and 2021, thus misleading investors and maintaining the company's scrip prices.

Titagarh Rail Systems saw an 8% fall in shares due to a 0.8% revenue drop year-on-year to Rs 903.1 crore in the June quarter, despite a 5.5% rise in profit to Rs 71.3 crore. The company cited project transitions and maintains a strong order backlog, planning for future growth.

Companies such as Welspun Living and Aurobindo Pharma have already announced share buybacks, while AIA Engineering, Savita Oil Technologies, and Cera Sanitaryware are scheduled to hold board meetings to consider similar actions.

Low PE stocks, often regarded as value stocks, are typically favoured for long-term investment strategies. According to Trendlyne data, SBI, HUL, NTPC, Adani Ports, and Axis Bank are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these BSE largecap index stocks have the potential to rally by up to 17%, as suggested by Trendlyne data. Here is a list:

Tata Consumer Products reported an 8% drop in profit after tax for the first quarter ended June 2024, falling to Rs 290 crore, below estimates. Shares fell 2.3%. Revenue from operations increased 16% year-on-year to Rs 4,352 crore. The drop in profit was attributed to higher exceptional items and lower returns from joint ventures and associates.

Momentum to spread to other corners of the market.

With Sebi's crackdown on derivatives affecting NSE, BSE is gaining market share in F&O. Sebi's new rules limit weekly options to one benchmark index, reducing NSE's options volumes. BSE, with fewer index contracts, benefits as its share price rose over 7% to Rs 2,607 on Wednesday.

The central bank said in a statement it had set an interest rate of 0.25 percent -- up from around zero to 0.1 percent -- having ditched its maverick negative rate policy aimed at boosting economic growth in March. Its decision, announced after a two-day policy meeting, caused the yen to surge briefly before weakening to levels above 153 per dollar.

Bandhan Bank Ltd experienced a resurgence following a 17% drop from its yearly high. Experts recommended that short-term traders consider buying the stock above Rs 225 for potential targets of Rs 265-280. The stock rebounded after finding support at Rs 170, reclaiming crucial short- and long-term moving averages.

Manglam Infra and Engineering's shares opened with a 90% premium on the NSE SME platform, listing at Rs 106.4 compared to a Rs 56 issue price. The IPO saw strong interest, and the funds will support working capital and corporate purposes. The company witnessed revenue and profit growth over the last three fiscal years.

While traders are booking profits at higher levels, the expectation of dovish comments from the US Fed and Bank of England in the upcoming policy meetings this week is supporting the optimism, analysts say.

The move was widely expected, and the yen gained sharply against the dollar ahead of Wednesday’s decision, trading at 152.75. But the dollar rebounded slightly after the decision, to 153.09 yen.

Apart from SBI and Canara Bank, lenders to the company include Union Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Punjab National Bank and Bank of Maharashtra.

The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins. Shares of Angel One, 5Paisa Capital, SMC Global Securities, Motilal Oswal, Geojit Financial, Dolat Algotech and IIFL Securities fell between 1%-5%.

During the June quarter, GQG Partners, led by Rajiv Jain, boosted stakes in Adani Energy, Adani Enterprises, Adani Ports, and ITC, while trimming holdings in IDFC First Bank and Patanjali Foods. GQG's India portfolio has grown to nearly Rs 90,000 crore, with notable gains from Adani stocks post-Hindenburg crisis.

Citi has maintained a "buy" call on GAIL, setting a target price of Rs 250. In Q1 results, the company saw a strong performance driven by transmission and trading, with notable gains in gas transmission volumes and margins. Gas trading also performed well, though the petchem and LPG segments fell short of expectations.

Hero Motocorp, Oberoi Realty, and 14 other companies had locked August 1 as the record date for determining shareholders eligible for dividend payments. Investors had to purchase shares by July 31 to qualify. The list includes companies like Aditya Birla Sun Life AMC and Bayer CropScience, which offered substantial dividends per share, drawing investor attention.

In the first quarter earnings season, 115 companies announced results, including Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, and Bank of Baroda. M&M and Maruti expected mixed revenue and profit changes, while Tata Steel's profit was predicted to rise notably amid a revenue drop. Several others also reported their quarterly performance.

The Nikkei share average in Japan fell nearly 1%, impacted by reports that the Bank of Japan might soon raise interest rates. Banking stocks rose, anticipating improved lending margins, while other sectors like automakers and chip-makers saw declines. The market awaits the BOJ's final policy announcement for further direction.

Adani Energy Solutions launched a $1 billion qualified institutional placement, comprising a $700 million base deal and an option for an additional $300 million. Shares are priced at ₹976, a 13.24% discount. The funds will be used for subsidiaries' capital expenditure, smart meters, debt repayment, and general corporate purposes. Key investors include international and domestic funds.

Tata Group's Trent and Bharat Electronics were poised to join the Nifty 50 index during the September reshuffle, as predicted by IDBI Capital. Trent's shares increased 84% and Bharat Electronics rose 68% this year. LTI Mindtree and Divi's Laboratories were likely to be excluded. The index review is based on semi-annual market data, effective from September 30.

The Securities and Exchange Board of India proposed relaxing disclosure norms for large foreign portfolio investors from neighboring countries. Sebi recommended setting a threshold for disclosure requirements. If entities from LBCs or non-LBCs hold more than 50% or 67% of the assets, FPIs will be exempt from providing granular details.

SEBI proposed raising the minimum contract size for index derivatives and limiting weekly index product offerings to restrict risky speculation among retail investors. The regulator also plans to mandate upfront premium collection and increase margins on options. These measures aim to reduce speculative trading and bring down derivatives market turnover.

Sebi chief Madhabi Puri Buch reported annual household losses of about ₹60,000 crore in derivatives trades, suggesting these funds could be better utilized in IPOs and mutual funds. She emphasized regulating the expanding futures and options market and maintaining separate KYC systems to avoid contamination issues like those that affected Paytm.

Microsoft reported slower growth in its cloud business, leading to a $340 billion market value loss for itself and other tech giants like Amazon and Meta. However, AMD and Nvidia benefited as their AI chips saw solid demand. Rising costs in AI infrastructure have increased investor concerns, impacting the overall market sentiment.

The S&P 500 and Nasdaq closed lower due to weak chip stocks and major tech shares, while the Dow saw modest gains. Microsoft and NVIDIA shares dropped ahead of key tech earnings. Financials and energy outperformed as market expectations grew for a Federal Reserve rate cut this year owing to moderating inflation signs.

“DLF stock has shown a bullish breakout from its symmetrical triangle formation on the hourly chart, indicating a potential upward movement. Traders can buy for a target above 900 in the next few days,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

Tuesday's trading ended with negligible changes after a volatile session, erasing gains made earlier. Analysts predict more consolidation, targeting 25,100 for the Nifty index. Globally, markets showed mixed results. The Rupee appreciated slightly while major companies announced their Q1 results. Foreign investors sold shares worth Rs 5,598 crore.