Momentum is getting strong and market breadth is also getting positive for short term traders.

Ajay Devgn’s Panorama Studios has set July 31 as the record date for its 1:5 stock split. Today is the last day to buy shares to qualify. Post-record date purchases won’t benefit from the split.

UBS downgraded BEL to Neutral but raised the target price to Rs 340. They see positives factored into the stock, leaving little room for surprises, but remain cautiously optimistic about earnings and growth.

Sixteen companies, such as DLF, Bata India, and Sundaram Finance, set July 31 as the record date for determining dividend eligibility. Investors must purchase shares today to qualify. Additionally, various stocks, including Aarti Pharmalabs and CRISIL, will start trading on an ex-dividend basis from Wednesday.

Sensex and Nifty reached intraday record highs but ended nearly flat ahead of a key US Fed decision. Adani Wilmar gained 6.04%, DLF rose 4.7%, and RITES jumped 14.2%. Experts provided stock recommendations for the upcoming trading day.

An ICICI Securities shareholder has moved the Bombay High Court against Sebi's decision permitting ICICI Bank to delist its broking arm without following standard regulations. The petitioner claims Sebi overstepped its jurisdiction and requests an annulment of the exemption. Shareholders opposed the agreed share swap, deeming it unfavorable.

The Federal Reserve intended to keep interest rates steady at its recent meeting while signaling potential cuts in September as inflation approached the 2% target. With easing price pressures and a resilient job market, some officials believed rate reductions might be justified soon. The economic outlook and these monetary policy decisions could impact the upcoming U.S. presidential election.

The Securities and Exchange Board of India (Sebi) suggested expanding insider trading rules to include more relatives as 'connected persons.' The new definition aims to encompass a wide range of family members who might have access to sensitive information, thereby tightening regulations and preventing insider trading activities.

India's equity benchmarks achieved new highs on Monday, with the Nifty closing just below the 25,000 mark at 24,836.10. Sensex also reached record levels before ending at 81,355.84. Initial gains were pared by selling pressure. Investors remain cautious as they await the US Federal Reserve's meeting later this week.

UBS has increased price targets for BPCL, HPCL, and IOC, forecasting a 16-18% upside. The firm upgraded IOC and HPCL to 'buy' while keeping BPCL at 'buy.' UBS anticipates crude price moderation, boosting integrated margins for Indian state-owned oil marketing companies without any retail fuel price cuts if crude stays above $80 per barrel.

Indian markets began strong but ended flat after profit booking. This week, central bank meetings from the US, UK, and Japan will be in focus, especially for interest-sensitive sectors like banking. Volatility is expected. Oil prices declined amid concerns about Chinese demand. Investors closely monitor these developments.

Asian markets started lower as investors reduced their positions ahead of significant upcoming events like central bank decisions and major economic data. Equities in Japan and Australia dropped, with futures in Hong Kong indicating a similar trend. Treasuries had gains, while US stock futures saw a slight decline.

Domestic markets saw a slow start after an initially strong session. Tata Consumer, Varun Beverages were in focus due to results announcements. ACC and HPCL reported substantial profit declines. Quess Corp and India Cements had notable financial transactions. ITD Cementation won a significant order, and Tata Steel acquired equity shares in T Steel Holdings.

This will be the first equity fundraising by an Adani Group company since Adani Enterprises called off its ₹20,000 crore follow-on public offer (FPO) in February last year after having raised the amount.

The specialty chemical stock faced strong resistance around the 600 level in May 2020 and again in August 2020. However, after breaking through this level, it became a key support. The stock found support in March 2021, January 2024, and June 2024 on the weekly charts. Following the momentum, it held above the 216-week long-term moving average on the weekly charts.

SEBI has barred Vijay Mallya from the Indian securities market for three years for routing funds through overseas bank accounts. The investigation found he used the FII route to indirectly trade in shares of his own companies. Mallya argued the transactions were old, but SEBI highlighted the complex and time-consuming nature of the probe.

xIndian benchmark equity indices closed flat on Monday amid profit booking in Titan, ITC and IT stocks. The NSE Nifty 50 and the BSE S&P Sensex settled little changed at 24,836 and 81,355 points, respectively."The near-term uptrend status of Nifty remains intact. The market could probably show some more choppy movement or minor dip in the next 1-2 sessions before surging higher in the near term. Immediate support is at 24600 levels. Overhead resistance to be watched around 25000-25100 levels," said Nagaraj Shetti of HDFC Securities.Here are 4 stock recommendations for Tuesday:

Capital markets regulator Sebi on Monday proposed changes to the definition of connected person and relative under the scope of insider trading rules. Additionally, the regulator has suggested removing the "Note" from the definition of "immediate relative".

Tata Steel on Monday said it has acquired over 557 crore equity shares in its Singapore-based arm for USD 875 million. In May, Tata Steel's board had approved infusion of funds into T Steel Holdings Pte Ltd (TSHP), by way of subscription to equity shares in one or more tranches, the company said in an exchange filing.

UltraTech Cement does not intend to delist shares of India Cements after it acquires additional stake in the company through an open offer, the company said on Monday.

Capital markets regulator Sebi on Monday proposed changes to the definition of connected person and relative under the scope of insider trading rules. Additionally, the regulator has suggested removing the "Note" from the definition of "immediate relative".

Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday.

Wall Street's major indexes opened strong on Monday as investors prepared for the Federal Reserve's interest rate decision, upcoming Big Tech earnings, and important labor data following a recent equity sell-off.

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

Indian markets witnessed profit taking on Monday after hitting fresh record highs. Benchmark indices pared gains to close flat but with a positive bias.The S&P BSE Sensex touched a high of 81,908 while the Nifty50 hit a record high of 24,999.

As per a term sheet issued by IIFL Securities, Quality Investment Holdings (a Carlyle entity) will sell 1.66 crore shares at a floor price of Rs 775 each, aiming to raise Rs 1,256 crore. The floor price is 5% below Monday’s closing price of Rs 794.90.

Though the near-term uptrend status of Nifty remains intact, the market could probably show some more choppy movement or minor dip in 1-2 sessions before surging higher in the near term. Immediate support is at 24,600 levels.

Book publishing small cap company Navneet Education today announced that its board of directors will consider a buyback of shares in the upcoming board meeting of the company, scheduled on August 1. The shares of the company surged 5% to Rs 163.20 on BSE following this announcement.

As Nifty almost hit the 25k milestone on Monday, Zerodha founder Nithin Kamath recalled that the index stood at just 4,500 level when he started the discount broking platform.

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

Akums Drugs and Pharma's IPO, open from July 30 to August 1, targets raising Rs 1952 crore. The company specializes in pharmaceutical development and manufacturing, with a fresh issue of Rs 680 crore and an offer for sale. Allotment occurs on August 2, and shares list on August 6.

The 30-share BSE benchmark Sensex rose 23 points or 0.03% to settle at 81,355. The broader NSE Nifty gained 1.25 points or 0.01% to end at 24,836. From the Sensex pack, L&T, Bajaj Finserv, M&M, UltraTech Cement, and SBI were the top gainers, rising 1-2.8% higher. On the other hand, Titan, Bharti Airtel, ITC, Tech Mahindra, and Kotak Bank ended in the red.

After a gap of almost three months, PSU banks witnessed an across the board up move. If one looks deeper, even in the last three months of correction or rather consolidation, the cut in PSU stocks was not very high. They moved in a sideways range. This is very different if one takes into account how the stock used to lead the correction earlier. The re-rating of PSU banks has to be divided into three parts, the first part which was about clean up of the banking system which was full of NPA brushed under the carpets and they got cleaned up and their balance sheets became more reliable. Second part was mergers which meant improvement in the operational efficiency. Now it is the third part, which is more important, growth and that too profitable growth. Is now the street getting ready to re-rate them because of loan book growth, which is showing green shoots due to the capex cycle starting back

Now it is the third part, which is more important, growth and that too profitable growth. Is now the street getting ready to re-rate them because of loan book growth, which is showing green shoots due to the capex cycle starting back.

Monitoring the activities of large institutional investors can be beneficial as they always do extensive research. An ETMarkets study shows that foreign institutional investors (FIIs) have steadily increased their investments in 69 stocks over the last four quarters (September 2023 to June 2024). We focused only on stocks with a market cap exceeding Rs 10,000 crore and filtered the list to include only those that have gained over 100% in the past one year. As a result, 13 stocks made the cut. (Data Source: ACE Equity).

According to available data, the company's proposed buyback would be its first, and it has never issued bonus shares. However, the company does regularly pay dividends to shareholders.

DLF has developed over 178 real estate projects and developed an area in excess of 349 million square feet (approx.). DLF Group has 220 msf of development potential across residential and commercial segments. The group has an annuity portfolio of over 44 msf.

Akums Drugs and Pharma's IPO, open from July 30 to August 1, targets raising Rs 1952 crore. The company specializes in pharmaceutical development and manufacturing, with a fresh issue of Rs 680 crore and an offer for sale. Allotment occurs on August 2, and shares list on August 6.

Ceigall India set an IPO price band of Rs 380-401, open from August 1 to 5, raising Rs 1,186.11 crore. The offering includes a fresh issue of Rs 617.69 crore and an offer for sale. Proceeds will be used for equipment purchases, debt repayment, and general corporate purposes.

The Modi government's recent Budget 2024 introduces both expected and surprising measures. While capital expenditure and the fiscal deficit target remain steady, tax policy changes will likely impact market sentiment. The Budget also announced initiatives for various sectors, which could lead to growth in the near term. Here are 30 stocks from different sectors set to benefit from the Budget. Watch!

Jefferies rated Adani Green Energy 'Buy,' expecting leverage reduction and significant profit growth.

PNB Share Price Target Buy or Sell: Punjab National Bank's shares surged 7% after announcing a 159% YoY jump in net profit for Q1 FY25, reaching Rs 3,252 crore. Net interest income rose by 10% to Rs 10,476 crore. The bank saw improvements in asset quality and a YoY deposit growth of 8.50%. Brokerages had mixed views on the stock, with some recommending a sell.

IDFC First Bank Share Price Today: IDFC First Bank reported a broadly in-line set of numbers with strong business growth and better cost income though higher credit costs. NIM was down 13bps QoQ to 6.22%, mostly on higher growth in investment and rise in LCR (to 118% vs. 114% QoQ).

ICICI Bank Share Price Latest Updates: ICICI Bank's stock surged 2.5% following a reported 14.6% increase in its June quarter's standalone profit. Analysts praised its strong earnings, stable asset quality, and lower-than-expected slippage. Companies like Morgan Stanley and Nuvama raised target prices, showing confidence despite some margin pressure. The bank's consistent performance continues to inspire optimism.

In Q4 FY24, state-owned RITES experienced a slight decline of 1.59% in its consolidated net profit, reaching Rs 136.67 crore, attributed to a decrease in revenues. This compares to a profit of Rs 138.89 crore recorded in the same period the previous year.

During the quarter, Bandhan's NIM remained stable at 7.6% QoQ. The assets under management (AUM) and deposit growth showed a YoY increase of 22-23%. Asset quality improved as the net non-performing loan (NPL) ratio stayed unchanged at 1.2% QoQ, despite the gross NPL ratio rising by 40 basis points (bps) to 4.2% QoQ. Additionally, slippages decreased to 2.9%.

RNFI Services' shares launched with a 90% premium on NSE SME. The IPO saw an overwhelming response, being subscribed over 200 times. The company provides diverse fintech services across India, focusing on financial inclusion. India’s fintech market is set to grow from $50 billion in 2021 to $150 billion by 2025, with significant potential in assets under management and revenue.

Bajaj Finance stock declined over 17% from October highs but is now showing signs of recovery after bouncing from Rs 6,500 support. Experts advised short-term traders to target prices above Rs 7,500 within a month. The stock remains above its 5-DMA but under longer-term averages, indicating a potential technical recovery.

Back in momentum mode

The bluechip Nifty 50 and S&P BSE Sensex rose 1.24% and 0.9% last week, respectively, driven by gains in information technology stocks. Meanwhile, numerous analysts have provided their technical perspectives on several stocks, identifying potential gains of up to 18% in the near term. Here's a compilation of 5 tech picks: