According to Nagaraj Shetti of HDFC Securities, the Nifty index is approaching a significant resistance level at 24,960, calculated using a Fibonacci extension based on key market points from March to October 2023. This suggests that we may see increased volatility or consolidation around the 24,950-25,000 range in the near future.

The decision leaves the deposit rate at 3.75%, where it has stood after a single rate at the previous meeting on June 6. "Domestic price pressures are still high, services inflation is elevated and headline inflation is likely to remain above the target well into next year," the bank said in a statement accompanying the decision.

The mining major has various projects under execution having high potential for increasing volume, business integration, and enhancing the range of value-added products across its businesses.

In recent days, Dalal Street has been renewing its vows for old-favourite software stocks. The Nifty IT index jumped over 2%, with LTIMindtree, TCS, Wipro, Infosys, Coforge, and HCL Tech rallying between 2-4% each. The results of Infosys today will give greater clarity to the movement in IT stocks.

Capitalmind's Select India One Fund, targeting Rs 500 crore in a year with Rs 1-crore minimum, holds 20-40 stocks. Major allocations: 44.37% in industrials, 15.16% in consumer cyclicals, 13.6% in non-energy materials, 9.47% in healthcare. Using systematic hedging and rule-based strategies, it focuses on less understood markets. CEO Deepak Shenoy notes a 28.

It is always interesting to see both consistent performers and momentum stocks, which show rapid price changes in short periods, potentially offering quick profits for the investors. ETMarket has identified five stocks that have consistently gained over 20% each month from April '24 to June '24 of FY25, specifically focusing on stocks with a market cap above Rs 2500 crore. Impressively, all five stocks have turned into multibaggers in FY25 so far. (Data Source: ACE Equity)

ICICI Securities has increased the target price of Azad Engineering to Rs 2,450 due to promising long-term prospects.

Fifteen years back, not many would have thought a stock exchange would be listed as a company and one would be able to buy its share. But today it is listed and its turnover has grown multifold in the last few years and stock turned out to be multibagger. More than anything else, the reason for it becoming a multibagger is that the size of the capital market in India has grown many times. So, as principal before look at the stocks and which category of cap it falls in , better to look at what is the size of the market in which the company is going to operate, because at the end of the day, profit of a company is a subset of the overall profit which is generated in sector and only if that is going to grow than company in the space will grow. We look at 5 stocks where there is a reasonable probability of overall market size being bigger and companies have strong balance sheets to take advantage of that.

Zen Technologies shares jumped 4% on Motilal Oswal's Rs 1,775 target. Excelling in simulators and counter-drones, Zen features strong margins, backward integration, high RoCE, 40+ indigenous products, 150+ patents, and no import reliance. Revenue, EBITDA, and PAT to grow 63%, 57%, and 56% CAGR respectively. Order book at Rs 1,400 crore with a 125% stock surge.

Global Vectra Helicorp has been in top form over the last 12 months, delivering multibagger returns of 144%, outperforming the 21% rise seen in the Sensex during this period. In 2024 so far, Global Vectra’s returns stand at an impressive 67%.

While some make it to the headlines, some don't. Two sectors, healthcare and pharma have been witnessing more mergers and acquisitions than any other sector. There is a logical reason why private equity money is flowing in these sectors. Probably these two sectors are the ones with maximum potential to grow over the next decade or so. In the case of pharma, facts are well known, right from skilled manpower to lower manufacturing costs. In the case of healthcare, there are two things: first, medical tourism, second, soft exports of medical services. Not many may know, some of the best known doctors from India fly to CIS and other countries, where the healthcare companies have their OPD. Either the patient is treated there, if possible or else he is referred to India for treatment. While it might sound impossible, given the broken healthcare system which even some of the best developed countries have, in future, Indian healthcare companies taking over global hospitals may also become a reality.

Bajaj Auto shares dipped by 3.7%, reaching Rs 9,295.50 post a profit of Rs 1,942 crore, marking an 18% YoY rise. Revenue increased by 16% to Rs 11,932 crore. Despite a sequential PAT drop of 3.4%, Q1FY25 EBITDA surged 24%, surpassing estimates. Brokerages gave mixed ratings: Nuvama, JM Financial, and Nomura rated 'Buy'; CLSA rated 'Underperform'.

BofA's survey indicates Japan, India, Taiwan lead Asia fund manager interests, with China underweight at 43%. Sectors preferred include semiconductors, tech hardware, and India's infrastructure.

Just Dial's shares surged by 19.5% to reach a 52-week high following the company's impressive quarterly financial results. The increase in revenue by 13.6% and net profit by 69.3% reflects a positive growth trajectory. Just Dial continues to focus on innovation and cost management for future opportunities.

In June 2024, over 50% of SEBI-regulated AIFs outperformed Nifty50 with over a 6.6% rise. Top funds include Vivriti, Motilal Oswal, Alchemy, Northern Arc, Rational Equity, 360 One, Carnelian, Abakkus, and Marcellus.

Aadhar Housing Finance shares surged nearly 6% following Nomura's Rs 550 target price. It trades at 2.4x-3.4x FY26E P/B, covering 20 states/UTs with a focus on self-employed and home loans. As the top Affordable housing financier per Nomura, its shares increased by 52% since IPO, indicating robust asset quality.

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 Thursday's (July 18) trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

KEC International's shares rose 6% after securing Rs 1,100 crore in T&D orders, including a 765 kV line and GIS substation from Power Grid Corporation of India Limited.

IDBI Bank's shares surged 7% to Rs 94 on BSE after RBI approved 'fit and proper' bidders ahead of Union Budget 2024. The bank, earmarked for privatization, awaited RBI's nod for bidders meeting regulatory norms to progress in the privatization process.

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 Thursday's (July 18) trading session, five stocks witnessed a long unwinding. Here's the list:

LTIMindtree shares rose 3.5% to Rs 5,754 after a 1.5% YoY profit rise to Rs 1,134 crore and Rs 9,143 crore revenue. Analysts’ views: Jefferies 'underperform' at Rs 4,920, Investec 'sell' at Rs 5,370, Nuvama and Motilal Oswal 'buy' at Rs 7,000. Features include Q2FY25 anticipation, limited margin levers, deal ramp-up, and high-priority transformation projects.

Indian indices turned positive with financial and IT stocks; Sensex up 110, Nifty50 rose 36. Gains by SBI, HUL, TCS, L&T Finance, LTIMindtree. Nifty Media fell. Crude stockpile decline boosted Brent futures. Rupee rose. Weaker dollar index, Nikkei down 2%. Asian markets fell. U.S elections influencing tariffs, resulting in foreign portfolio inflows.

Rail stocks soared post interim Budget with Nirmala Sitharaman's increased allocations. RVNL doubled investments, raising market cap by Rs 1.6 lakh crore. Investors eye multibaggers. Analysts foresee gains from capex plans, high-speed rail, and safety upgrades.

Just Dial's shares rose 15% to Rs 1,195.90 after reporting record revenue (Rs 280.6 crore) and profit (Rs 141.2 crore) in June. Listings increased 18.2% YoY to 44.9 million, visitors reached 181.3 million. Shwetank Dixit focused on low-cost channels and AI for growth. 198.3 million images were listed as of June 30, 2024.

Asian Paints shares dip 4% as Q1 profits fall by 24% YoY. Brokerages maintain neutral stance with varied target prices. Concerns over margin and revenue growth persist. Industry facing competitive pressures and potential market share shifts.

Star Health stock fell over 30% from Rs 940 but shows reversal signs targeting Rs 760. It frequently found support at Rs 470-500, evidenced by Bullish Engulfing, Harami, and Hammer candlestick patterns, along with Doji patterns. RSI trends positively above July 2023 figures, indicating buyer reentry.

With less than a week to go for the Union Budget, certain stocks are expected to remain in focus. Fisdom Research has identified 31 stocks in 9 themes including capex, railway, defence and renewables which could be under spotlight in the run-up to the big day and even after it. Here's what it recommends:

On Thursday, shares of Nazara Technologies, an online gaming and sports company, dropped by up to 8% to Rs 845.65 on the BSE. This decline followed the issuance of show cause notices by the Director General of GST Intelligence, Kolkata, to two of Nazara's subsidiaries — Openplay Technologies and Halaplay Technologies.

Indian equity indices dropped Thursday due to banking and financial stock declines. Sensex fell 176 points; Nifty50 by 37. Asian Paints, Tata Steel, HDFC Bank, UltraTech Cements, ICICI Bank saw declines, while Infosys, TCS, Bharti Airtel performed well. L&T Finance and LTIMindtree rose. Nifty Bank and Auto sectors also declined.

Goldman Sachs maintained a neutral rating on Asian Paints, reducing the target price to Rs 2,750. The company reported a significant EBITDA decline in Q1, amid ongoing headwinds and increased competitive pressure expected to persist. Meanwhile, the global brokerage upheld a buy rating on Eicher Motors with a target price of Rs 5,400

Japan's Nikkei dropped 2%, led by a chip sell-off and stronger yen. Tokyo Electron fell 9.5%. Nikkei hit 42,426.77 last week. Volatility spiked. U.S. chip shares fell on export curbs. Topix dropped 0.93%. TSMC earnings, Tokyo groups, Taiwan-U.S. tensions noted. Machinery, Mazda, precision machinery, value shares, transport sector also declined. Nomura’s Sawada cited earnings season impact.

Rail stocks soared post interim Budget with Nirmala Sitharaman's increased allocations. RVNL doubled investments, raising market cap by Rs 1.6 lakh crore. Investors eye multibaggers. Analysts foresee gains from capex plans, high-speed rail, and safety upgrades.

Aurobindo Pharma announced on Thursday that its board has approved a buyback of 51.37 lakh shares at Rs 1,460 per share, marking a 6.4% premium over Tuesday's closing price. The record date for the Rs 750 crore share buyback scheme, conducted via the tender offer route, is set for July 30.

Among block trades, Vodafone Group Plc subsidiaries raised about $1.8 billion by selling shares in India’s Indus Towers Ltd. in June, while British American Tobacco Plc. sold part of its stake in India’s ITC Ltd. for about $2 billion.

The BSE Sensex was trading 176 points, or 0.22%, lower at 80,540. The Nifty50 was down 37 points, or 0.15%, trading at 24,576 around 9:18 am.

Elecon Engineering announced a 2:1 stock split in April, converting each existing share with a face value of Rs 2 into two shares with a face value of Re 1. The record date for the split was disclosed in July.

Tyre stocks have been relatively outperforming over the past two sessions; among other stocks, this stock looks particularly well-placed and sits on the verge of a strong breakout.

If there is nothing major in the budget, which spooks the markets or there is no major global development which disturbs the equilibrium, there is a high probability that we have entered into a new bull phase. A phase where due to valuation, the street would be more stock and sector specific. If one looks at the FII figures, unlike in the past few months before elections, when they are only keen to sell. Now there are days when they are buyers on the street. There are a set of investors who would probably be waiting for a budget, before making a move in Indian markets. Were that to happen, mid-cap stocks are likely to do extremely well. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

Dividends are paid to shareholders whose names are listed on the record date in the company's database. With the T+1 framework, the record date typically aligns with the ex-date, except when a market holiday follows the ex-date. Shareholders who buy the stock at least one day before the ex-date qualify for dividends, settled the next day.

Eight stocks under F&O ban while three exit. Market restrictions based on open interest levels. Nifty 50 and Sensex reach all-time highs on Tuesday fueled by Bharti Airtel, HUL, and IT stocks.

Domino's Pizza shares dropped due to store closures in Japan and France. Analysts from Macquarie, UBS, and Morgan Stanley cut fiscal 2024 and 2025 earnings forecasts. The company expects slight growth this year but targets 3%-4% store growth by 2026. Annual results are due in August, and fiscal 2024 outlook had been withdrawn after missing first-half expectations.

NCLT Jaipur approved Hindustan Zinc’s ₹10,383 crore transfer for internal restructuring, aiding Vedanta’s $3 billion debt reduction, enhancing its $894 million bond. Despite NSE and BSE objections on routing funds, it contributes to Vedanta’s growth. The transfer is deemed a commercial contract, securing shareholders' interests, effective as of the appointed date.

Asian equities fell due to U.S.-China trade tensions; MSCI Asia-Pacific shares down 0.57%, South Korea 1%, Nikkei 2%, Shanghai 0.4%, CSI300 0.5%. Yen rose on suspected BOJ intervention. Dollar at a four-month low. Fed backs September rate cut, gold prices high. Nvidia, Apple dropped. Trump's comments hurt TSMC shares. ECB steady. Trump policy affects inflation expectations. Carry trade noted.

S&P 500 and Nasdaq fell due to plummeting microchip stocks and potential U.S.-China trade conflicts. Biden's move dropped microchip stocks 6.8%, causing the Philadelphia SE Semiconductor index's largest drop. Nasdaq and S&P 500 fell, while Dow rose, aided by Johnson & Johnson. Federal Reserve's Beige Book highlighted economic expansion. Housing starts, building permits, industrial output exceeded expectations. Rate cuts anticipated.